Energy security

The concert gathers about 100 artists (Photo: VNA) Hanoi (VNA) – A grand concert to welcome the Year of the Cat was held at Hanoi Opera House on January 29 with the performance of the Vietnam National Symphony Orchestra (VNSO) and the People’s Public Security Theatre. The New year concert 2023 was sponsored by the Ministry of Public Security as a present to officers, soldiers and their relatives on the occasion of the new lunar new year. The audience at the event (Photo: VNA) Following the success of the first one in 2022, the concert has been made an annual event on the 8th day of the first lunar year. The event this year gathered about 100 artists. It introduced a number of famous songs of Vietnam re-composed for the symphony orchestra such as “Mua xuan dau tien” (The first spring) and “Nguoi Ha Noi” (The Hanoian); and other western and eastern classical pieces about Spring./. VNA … [Read more...] about Ministry of Public Security hosts New Year concert 2023

An SSI branch in HCM City. The company achieved profits of VND2.1 trillion ($89.3 million) in 2022. — Photo courtesy of SSI SSI Securities Corporation’s revenues and profits reached VND1.47 trillion (US$62.2 million) and VND289 billion ($12.29 million), respectively, in the fourth quarter of last year. Full-year revenues and profits were VND6.5 trillion ($276.73 million) and VND 2.1 trillion ($89.3 million), respectively. Brokerage fetched VND679 billion in Q4 and VND3.56 trillion for the year, revenues from investment were worth VND563 billion in Q4 and VND2.06 trillion by year-end. Revenues from principal investment and treasury were worth VND169 billion and VND635 billion. Fund management fetched revenues of VND165 billion for the year. As of December 31, 2022, SSI has total assets of VND52.23 trillion ($2.22 billion). The company deployed a series of advisory programmes for customers last year. — VNS … [Read more...] about SSI profit reaches $89.3 million in 2022

Deputy Director of the FIA Do Van Su said disbursement of foreign investment this year is expected to hit USD 22-23 billion. Su acknowledged that the opening of China’s economy might affect Vietnam's foreign investment attraction, adding that China remained the leading investment destination in the region, so when they opened up, capital will flow into this market while that to Vietnam and other economies in the region will be limited. On the contrary, the investment capital movement of the Republic of Korea (RoK), Japan, and Taiwan (China) will be accelerated. This shift will be accelerated until 2025, and Vietnam will be a preferred investment destination for investors, he added. Currently, the RoK, Japan and Taiwan (China) are Vietnam’s major sources of foreign investment and they have constantly increased their investments in Southeast Asian countries. According to FIA, essential factors for FDI to continue to prosper in 2023 include economic growth results in 2022 and … [Read more...] about Vietnam’s FDI projected to reap up to USD 38 bln in 2023

Phan Cong Chanh, CEO of developer Phu Vinh Group, said the real estate market will pose more risks than opportunities for investors in 2023, adding that would-be investors should save their money instead of spending it. According to Chanh, in the long term the market will benefit from rosy economic growth prospects, better legal frameworks and improved stock markets, especially the corporate bond market, But he said this would be gradual recovery that wouldn’t flourish to its full potential until 2-4 years from now. The Central Institute for Economic Management put forth two economic growth scenarios for this year. Accordingly, GDP growth will either stand at 6.47%, inflation at 4.08%, export growth at 7.21% and trade balance at $5.64 billion, or at 6.83%, 3.69%, 8.43% and $8.15 billion, respectively. With the draft amendments to the Land Law submitted to the National Assembly for potential approval in October, and amendments to other related laws such as the Law on Real Estate … [Read more...] about Should you invest in property or save your money this year?

Foreign capital is expected to continue to flow into the stock market as foreign investors' confidence remains strongly.(Photo: VNA) Hanoi - From being net sellers in the first nine months of 2022, foreign investors have become the driving force supporting the Vietnamese stock market in the last few months, and the inflows are expected to continue this year. In 2022, this group net disbursed more than 29.2 trillion VND (1.2 billion USD) to the market, while it has net sold nearly 18.8 trillion VND and set a record net selling value of over 62.2 trillion VND in 2021. In November alone, more than 16 trillion VND in net disbursed cash flow from foreign investors was significantly supported by exchange-traded fund (ETF) capital inflows into the market, primarily from the Fubon ETF and the VNDiamond Index-based ETF. A study by BIDV Securities Company (BSC) analysing over 50 billion USD owned by foreign investors on the Vietnamese stock market showed that more than half of foreign … [Read more...] about Foreign investors remain optimistic about Vietnamese stock market

The digital transformation has made the cybersecurity market in Vietnam more attractive, leading to the establishment of more cybersecurity companies in the country. Opswat, a provider of critical infrastructure protection cybersecurity solutions, recently opened a critical infrastructure protection lab in Ho Chi Minh City. This is the first center of the U.S. company in Asia, proving its increased focus on growing its presence in Asia, including Vietnam. Many start-ups in the cybersecurity sector have been also founded in Vietnam, including Smart Cyber Security, which offers digital transformation services in cybersecurity. Vietnam National Cyber Security Technology Corporation (NCS) has supported large financial groups and organizations, banks as well as key units in Vietnam in cybersecurity. In September last year, NCS was the first unit to detect zero-day vulnerabilities in Microsoft Exchange Server. Vietnam has emerged as one of the leading countries in Southeast Asia … [Read more...] about Cybersecurity firms on the rise in Vietnam

A police officer in Vietnam’s Mekong Delta province of Ben Tre was suspended for repeatedly kicking a man who was handcuffed with his hands behind his back, a source told Tuoi Tre (Youth) newspaper on Sunday. CCTV footage taken from a residence in Thanh Trieu Commune, Chau Thanh District, Ben Tre showed that the incident happened at 10:28 pm on January 20. In the video, which later surfaced on social media, a man wearing a Vietnamese police uniform kicked another man in a white shirt in the shoulder and stomach. The latter was already restrained with his hands behind his back. It was not until one of the other officers present at the scene noticed and pointed in the direction of the CCTV that the man wearing the police uniform stopped. The kicked man, who suffered ten kicks within one minute, was then led away. The Ben Tre Department of Public Security later explained that the man wearing the police uniform is captain P.V.T., a police officer of Thanh Trieu Commune, who … [Read more...] about Vietnamese policeman suspended for kicking handcuffed man

Speaking at the event, the N.A. leader said that in 1948, in Viet Bac region, which now comprises Cao Bang, Bac Kan, Lang Son, Ha Giang, Tuyen Quang, and Thai Nguyen provinces, President Ho Chi Minh issued a patriotism emulation appeal. Over the past 75 years, the movement has developed continuously, helping to make great achievements in the process of national building and safeguarding. He appreciated the important results gained by Tuyen Quang’s Party organization, administration and people in the patriotism emulation movement, and afforestation and forest protection, and forestry economic development. Regarding tasks for this year, the N.A. chairman asked authorities and sectors at all levels to effectively implement the emulation movement associated with the study and following of President Ho Chi Minh’s thought, morality and lifestyle; realize the resolutions of the Party and the legislature on socio-economic development and budget in 2023 to make the most of the province’s … [Read more...] about National Assembly leader launches emulation drive, tree planting festival in Tuyen Quang

Regiment 31 yearly welcomes nearly 1,000 recruits from Southern provinces. In order to leave good impression on recruits on their first days of recruitment, the unit always cleans the barracks, re-arranges barrack rooms, upgrades areas for entertainment and gathering, and supplements other supplies for troops to live, study, and train. Lieutenant Colonel Le Van Hiep, Deputy Political Commissar of Regiment 31 said that “Before the lunar Year of the Cat 2023, the regiment was determined to organize a safe, economical, high combat readiness Tet holiday while preparing to receive new recruits and open the training session for 2023. Therefore, the regiment’s affiliated agencies and units developed plans and tasked troops in the spirit of both enjoying the Tet (lunar New Year) holiday and fulfilling assignments.” Along with fixed funding from higher levels, battalions under the regiments have deducted money from their production fund and capitalized on available materials to renew each … [Read more...] about Regiment 31 makes preparation to receive new recruits