Vietnam wants to learn from the experience of developed countries, including the U.K., in developing a financial center, National Assembly Chairman Vuong Dinh Hue told the Acting Mayor of the City of London Peter Estlin. He noted that the city of London was one of the biggest financial centers in the world. Hue met Estlin during his June 28-30 official visit to the U.K. Estlin said the U.K. was willing to partner with Vietnam at different levels, including developing a financial market and improving its business credit rating to grow the bond market. He also expressed support for a partnership between U.K. banks and Vietnamese counterparts to help Ho Chi Minh City become a financial center. In a draft plan published last February, HCMC seeks to establish an international financial center by 2030 with three main components: a monetary and banking market; a capital market; and a derivatives market. … [Read more...] about Vietnam seeks UK assistance for HCMC financial center
Faith based drug treatment centers
Vietnam court sentences four to death for transporting, trading 45kg of narcotics
The People’s Court in Dong Nai Province, southern Vietnam on Thursday sentenced four people to death for illicitly transporting and trading 45 kilograms of drugs. The death penalty was handed down to Vo Anh Dat, 42, Dang Xuan Anh, 49, Nguyen Hoa Hiep, 36, and Hoang Trung Hau, 35. They were convicted of the illegal transportation, trading, and possession of narcotics. The fifth defendant, 32-year-old Truong Tan Dat, received a two-year prison term for the illegal possession of narcotics. The indictment showed that Vo Anh Dat visited an area near Cau Treo Border Gate in north-central Ha Tinh Province in September 2021 to buy VND5 billion (US$214,800) worth of drugs from a Laotian man. The narcotics, which included 40 kilograms of crystal meth and five kilograms of ketamine, were expected to be sold to Bui Thien Nhan in Ho Chi Minh City for VND11.3 billion ($485,500), according to Dat and Nhan’s deal. On September 29, Dat brought the drugs to Dong Nai Province and gave them … [Read more...] about Vietnam court sentences four to death for transporting, trading 45kg of narcotics
MSM account for 76% of new HIV infections in Ho Chi Minh City: health department
About 76 percent of HIV infections recorded in Ho Chi Minh City in 2021 were among men who have sex with men (MSM), according to statistics from the municipal Department of Health. The number of HIV infections in the southern metropolis has been increasing, the health department stated, adding that there is a change in HIV-related risk behaviors. The number of new cases rose to nearly 4,500 in 2021 from about 2,000 in 2012. In the past, injecting drug users accounted for the majority of HIV cases in the city. However, MSM currently make up the highest ratio. About 76 percent of Ho Chi Minh City’s HIV infections in 2021 were recorded among this group. Despite many achievements in the past 30 years, the city still faces multiple challenges and obstacles on the way to ending the HIV/AIDS epidemic by 2030. About 51,000-55,000 people are living with HIV in Ho Chi Minh City, occupying 24 percent of the country’s total tally, said Dr. Van Hung, head of the city’s HIV/AIDS … [Read more...] about MSM account for 76% of new HIV infections in Ho Chi Minh City: health department
500 tons of Vietnamese-labelled rice exported to EU
Nearly 500 tons of "Com Vietnam Rice" exported to the EU. (Photo: VNA) Since the EU-Vietnam Free Trade Agreement (EVFTA) took effect, the group has exported around 30,000 tons of rice to the EU. It was the first time the rice was exported under its own brand name, instead of those by importers in the previous shipments, according to Loc Troi. Loc Troi Group CEO Nguyen Duy Thuan said the consignments, which mostly consist of fragrant rice, have left Vietnam and will arrived in Germany, the Netherlands and France in July. The grain will be available at France-based Carrefour, the Europe’s largest retailer and wholesaler, he said. The shipment, though not large, marks the start of the group’s journey to conquer the global market, he added. Loc Troi Agricultural Products JSC (LTA), the agricultural arm of Loc Troi Group, owns 26 factories capable of milling over 22,000 tons of rice per day. The group has been collaborating with a network of numerous cooperatives and more … [Read more...] about 500 tons of Vietnamese-labelled rice exported to EU
Vietnam’s economic growth accelerates on back of exports, manufacturing: Bloomberg
Illustration. (Photo: VNA) Hanoi (VNA) – Vietnam’s economic growth accelerated faster than expected in the second quarter of this year, as a recovery in exports and manufacturing helped offset risks from coronavirus outbreaks and rising oil prices, Bloomberg reported. The US-based news agency cited data from the General Statistics Office of Vietnam (GSO) saying the Vietnamese economy expanded 7.72% year-on-year in the April-June period, compared to 5.05% of the previous quarter. That was quicker than the median estimate for a 5.9% gain in a Bloomberg survey, and the highest level since at least the first quarter of 2013, it said. The performance helped lift growth in the first-half to 6.42% from a year ago, beating the GSO’s forecast for a 5.5% pace. The government targets full-year growth at 6%-6.5%. The gains in momentum coincide with Vietnam emerging as one of the alternative destinations for foreign investment amid trade disruptions from China’s lockdowns, … [Read more...] about Vietnam’s economic growth accelerates on back of exports, manufacturing: Bloomberg
500 tonnes of Vietnamese-labelled rice exported to EU
Nearly 500 tonnes of " Com Vietnam Rice " exported to the EU. (Photo: VNA) HCM City (VNA) – Loc Troi Group JSC exported nearly 500 tonnes of rice labelled with its own brand name “Com Vietnam Rice” to the EU markets in June. Since the EU -Vietnam Free Trade Agreement ( EVFTA ) took effect, the group has exported around 30,000 tonnes of rice to the EU. It was the first time the rice was exported under its own brand name, instead of those by importers in the previous shipments, according to Loc Troi. Loc Troi Group CEO Nguyen Duy Thuan said the consignments, which mostly consist of fragrant rice, have left Vietnam and will arrived in Germany, the Netherlands and France in July. The grain will be available at France-based Carrefour, the Europe’s largest retailer and wholesaler, he said. The shipment, though not large, marks the start of the group’s journey to conquer the global market, he added. Loc Troi Agricultural Products JSC (LTA), the agricultural … [Read more...] about 500 tonnes of Vietnamese-labelled rice exported to EU
Vietnam’s labor ministry requests support for Vietnamese victims in toxic gas leak in Jordan
The Vietnamese Ministry of Labor, War Invalids, and Social Affairs has recently asked relevent agencies and businesses to provide support for five Vietnamese nationals who were killed and seven others injured by chlorine gas released by a dropped tank at Jordan’s Port of Aqaba on Monday. The Vietnamese victims had been working on the Hong Kong-registered Forest 6 vessel when the chlorine tank fell from a crane onto its deck, said the Vietnamese Embassy in Saudi Arabia concurrently with Jordan on Wednesday. The Department of Overseas Labor has requested companies that have provided seafarers to the ship to urgently supply necessary support to the wounded crew members and the families of the dead in the accident. Agencies concerned will announce the names and other details of the Vietnamese victims in the toxic gas blast, the department said, adding that any wounded victim wishing to be repatriated should be supported by the companies in conjunction with relevant agencies. These … [Read more...] about Vietnam’s labor ministry requests support for Vietnamese victims in toxic gas leak in Jordan
Truck-train collision kills driver in south-central Vietnam
A traffic accident occurred between a light truck and a one-way train in the south-central Vietnamese province of Binh Thuan on Thursday afternoon, with the truck driver dying en route to the hospital. The light truck, driven by 39-year-old Nguyen Thanh Thao, was carrying rice straw when it collided with the SPT 1 train, from Phan Thiet City in province to Ho Chi Minh City, on a concreted road in Ham Thuan Bac District. The truck was tossed during the collision and flipped over. Passers-by took driver Thao to the hospital for emergency treatment, but he died on the way. The scene where a traffic accident occurred between a light truck and a one-way train in Binh Thuan Province, Vietnam, June 30, 2022. Photo: Duc Trong / Tuoi Tre There are no signal lights and guard rails, but only warning signs, at the junction where the crash happened. Police and related functional forces investigated the scene and carried out a forensic examination to determine the cause. … [Read more...] about Truck-train collision kills driver in south-central Vietnam
Dominik Meichle appointed as Managing Director of Bosch Vietnam
Dominik Meichle, the youngest Managing Director of Bosch Vietnam since its establishment Dominik Meichle, 36, becomes the youngest managing director of Bosch Vietnam since its establishment. He has been with the Bosch Group for over 11 years and has undertaken various leadership roles. Prior to his appointment as Managing Director, he spent seven years in Japan, at last serving as part of the executive management for Bosch’s Two-Wheeler & Powersports division with global responsibility for marketing, business strategy, and product management. “Vietnam is not a new country to me as I have worked closely with its Two-Wheeler & Powersports team during the last years. It is great to be here in Vietnam, along with extended responsibility where I can continue to build on the strong network and foundation that Bosch has established in this country. Together with the team, I am targeting to expand the business with products and solutions which are invented for life,” said … [Read more...] about Dominik Meichle appointed as Managing Director of Bosch Vietnam
Three SARS-CoV-2 Omicron variant BA.5 cases detected in Hanoi
Through Bach Mai Hospital's recent gene sequencing results, three people in Hanoi are detected to be infected with the sub-variant BA.5 of Omicron At a today press conference about the economic and social situation of Vietnam's capital city informed by the Hanoi People's Committee, a representative of the Hanoi Department of Health said that although the number of new cases of Covid-19 daily is decreasing sharply Hanoi has recorded three cases caused by the BA.5 sub-strain of Omicron coronavirus variant. Talking to the press, Deputy Director of the Hanoi Department of Health Vu Cao Cuong said that currently, Hanoi recorded 180 Covid-19 cases a day, much lower than a few months ago. Now, the city has more than 1.6 million cases of Covid-19 including 292 foreigners. In particular, the recent gene sequencing results of Bach Mai Hospital have detected three people in Hanoi infected with the sub-variant BA.5 of Omicron, which can spread faster than other circulating variants such as … [Read more...] about Three SARS-CoV-2 Omicron variant BA.5 cases detected in Hanoi