Fund share issuance

Over 1.88 million USD was raised for the national sea and island fund at the art performance (Photo: VNA) HCM City (VNA) – An art performance programme jointly held by the Vietnam Fatherland Front (VFF) Committee of Ho Chi Minh City and Ho Chi Minh City Television (HTV) on August 9 raised over 44 billion VND (over 1.88 million USD) from 171 organisations and individuals for the "For the national sea and islands – For the Fatherland frontline" fund. independence and sovereignty over the sea and islands is the responsibility of the entire Party, people, army, political system, and each Vietnamese citizen. fund , in a bid to further support soldiers and people living, working, studying in border, sea and island areas. island areas ./. VNA … [Read more...] about Over 1.88 million USD raised for national sea and island fund

Minister of Finance Ho Duc Phoc The Ministry made the statement at the 14th session of the National Assembly (NA) Standing Committee on August 10. Referring to gambling crimes, online gambling and betting organizations have been complicated and unpredictable, deputy Pham Van Hoa from the Mekong Delta Province of Dong Thap wondered why the police force has handled many cases, but this situation has not improved. According to deputy Pham Van Hoa, it is time to allow the implementation of Decree 06/2017/ND-CP on the business of betting on horse racing, greyhound racing, and international football for stricter management as localities can collect tax from such businesses and limit online betting. This Decree has been studied for many years before it was promulgated and took effect in 2017 but has not been implemented so far. He asked why Vietnam has piloted allowing casinos to operate, but not allowed betting. Minister of Public Security To Lam said that the view of the Ministry … [Read more...] about No issuance of permits to hold races because no projects completed yet

At Sihanoukville deep-water port (Photo: Phnompenhpost) Phnom Penh (VNA) – Cambodia and Japan have signed a deal for the funding of the container terminal expansion at Sihanoukville deep-water port in the Cambodian province of Preah Sihanouk, reported the Kampuchea Thmey Daily on August 8. Accordingly, Cambodian Minister of Foreign Affairs and International Cooperation Prak Sokhonn and Japanese Foreign Minister Hayashi Yoshimasa signed a diplomatic note and relevant documents to extend the loan worth 41.39 billion JPY (300 million USD) for the first stage of the project. It its statement, the Cambodian Ministry of Foreign Affairs and International Cooperation said the loan will be used to expand and modernise the Sihanoukville port and turn it into a major deep-water port in Cambodia and the region. Built in 1956, the Sihanoukville port is the only deep-water port off the coast of Cambodia. It now has eight fully equipped terminals./. VNA … [Read more...] about Japan funds deep-sea port expansion in Cambodia

Localisation favoured by overseas banks, Photo Shinhan Bank Vietnam Shinhan Bank last week expanded its footprint in Vietnam by opening three new branches in the country’s two most populous cities, solidifying its position as the largest foreign lender currently active in the Southeast Asian nation. The bank said it has established a new branch in Hanoi, in addition to two branches in Ho Chi Minh City. This brings the total number of the bank’s offices in Vietnam to 46. “The new branches help us to maintain the largest sales network in Vietnam among all foreign banks operating there,” the bank said. “We expect that such a network will build a friendlier brand image across Vietnam, and in that regard, we will strive to offer better services.” In May, Shinhan Financial Group announced an agreement, worth roughly $90 million, to acquire a 10 per cent stake in Vietnam’s e-commerce platform Tiki. Its two units, Shinhan Bank and Shinhan Card, purchased 7.44 and 2.56 per cent … [Read more...] about Localisation favoured by overseas banks

McKinsey and Company on August 3 released the report “Can Vietnamese banks seize the green bond opportunity?”, which analyses the preconditions leading to the growth of green-bond markets and urges Vietnamese banks to take timely action to reap the rewards from this segment. New solutions in green finance are crucial because the climate transition is accelerating, Photo: Shutterstock The report indicates that the demand for financing of projects with environmental benefits in Vietnam has grown year by year, totalling more than $10 billion annually from 2018 to 2020 and $21 billion in 2021. This increase is forecasted to continue, based on market momentum, Vietnam’s latest draft of Power Development Plan VIII, and the country’s net-zero commitments. Finance-wise, McKinsey estimates that issuing bonds for environmental, social, and governance (ESG) projects may bring Vietnam’s financial institutions roughly $1.7 billion in revenue by 2025, with $1.5 billion coming from … [Read more...] about New finance instruments in play for climate future

The role that BRG Group plays in bringing the Asian Development Tour's tournament to Vietnam is extremely significant. After more than 20 years of accompanying Vietnamese golf, BRG Group is now operating a system of world-class golf courses with unique designs that attract hundreds of people each year. To maintain the highest standard and quality for all golf courses, the BRG Group has partnered with world-renowned golf course designers, including the world's number 1 golf legend - Jack Nicklaus. Therefore, BRG's golf courses all have a distinctive style, and are able to take full advantage of the natural beauty of each region and always ensure the quality according to international standards. Hole 18 at Nicklaus course of BRG Danang Golf Resort - The venue where the BRG Open Golf Championship Danang 2022 will take place. Even more so, the golf courses are operated by professional foreign PGAs with years of experience to guarantee the highest level of … [Read more...] about BRG Group aims towards major golf events of the continent

A positive economic outlook gives employers in Vietnam confidence to increase recruitment in the second half of 2022, though not as high as the previous six-month period. The hiring intentions of Vietnam’s employers are estimated to increase in the second half of 2022, as positive growth rates are reported in various sectors. Remarkable economic recovery drives hiring intentions in H2/2022. Photo: Nguyen Viet Thanh/ILO Vietnam This forecast was announced in the Vietnam Employment Outlook Survey Q3 & Q4 2022 by ManpowerGroup Vietnam. About 88% of the surveyed enterprises plan to increase or at least maintain the current headcounts as compared to 95% of the equivalent index in the first half of 2022. The strongest recruitment intentions were reported in Manufacturing & Processing, Wholesale, Retail & Trading, Banking & Finance, Professional Consulting Services, Construction, Food & Beverage & Hospitality - Accommodation and Real Estate. … [Read more...] about Economic recovery drives hiring in H2/2022

Private schools bump into difficulties recruiting, retaining good teachers Every school, whether public or private, strives to recruit a pool of qualified and committed teaching staff that can deliver quality education to its students and in turn produce students of high quality. Therefore, it is crucial for schools to employ and retain talented teaching staff. According to a staff of K.G Kindergarten in Go Vap District, a holder of an intermediate degree in preschool pedagogy can become a teacher while their salary and benefits will be discussed after an assessment of their work efficiency meanwhile the school's recruitment notice clearly stated that candidates must have a university or college degree with long-term work experience in a preschool. Similarly, at V.M. Kindergarten in Binh Chanh District, the recruitment notice requires candidates to have a college or university degree majoring in preschool, but still accepts an intermediate degree in case the candidate is … [Read more...] about Private schools bump into difficulties in recruiting, retaining good teachers

Vietnam's traditional water puppetry. (Photo: VNA) Hanoi (VNA) - Four Vietnamese artists will head to the Republic of Korea (RoK) for water puppetry shows in four cities to mark the 30th anniversary of diplomatic relations between Vietnam and the RoK. The group will stage a total of 20 shows, with each lasting for 50 minutes across the cities of Seoul, Gyungju, Yungduk, and Chuncheon from August 10 to September 6, reported Radio The Voice of Vietnam (VOV). They will use the platform to introduce classic water puppetry plays to Korean audiences, such as fishing, buffalo fighting, dragon, and phoenix dances. They will also spend time holding exchanges alongside local audiences to discuss the traditional Vietnamese art form. Vietnamese artist Phan Thanh Liem, one of the four puppeteers, shared that he felt delighted at receiving an invitation to perform in the RoK, especially after two years of disruption caused by the COVID-19 pandemic. This will mark the fifth time that … [Read more...] about Vietnam water puppetry introduced in RoK

Addressing the ceremony, Chairwoman of the Hanoi VFF Committee Nguyen Lan Huong asked the Executive Committee of the Vietnam Buddhist Sangha in  Hanoi to spread the compassionate spirit of Buddhism among the community and accompany the VFF chapters at all levels in performing social welfare work towards fulfilling the goal of sustainable poverty reduction of the city in 2022 and following years. According to the Hanoi VFF Committee’s report, giving help to the poor is one of main tasks of VFF chapters at all levels in the city, in which raising funds to improve housing conditions for disadvantaged households is an important activity. As of the end of 2021, there were still 3,612 poor families living in substandard housing in Hanoi. VFF chapters and local administrations in the city have been calling for donations from organizations, agencies, enterprises and individuals to upgrade or build new houses for those families. Source: VNA … [Read more...] about Buddhist monks, nuns in Hanoi donate money to build houses for the poor