Gold selling at

The gold stolen by Nguyễn Đức Tuấn. - Photo nld.com.vnViet Nam News In an unbelievable but true story, a 28-year-old man residing in central Quảng Nam’s Hội An managed to steal 430 taels of gold – worth over VNĐ10 billion (US$430,860) – from a jewellery shop over the past six years without being noticed. Taking advantage of the shop owner’s trust, Nguyễn Đức Tuấn stole a little gold each day and hid it. The proverb “beggars’ bags are bottomless” proved to be true for him. On January 15, when Tuấn and his brother tried to sell more than 230 taels of gold jewellery including rings, necklaces, bracelets and earrings, their action was so suspicious that the buyer informed local police. When asked about the origin of the gold, valued at more than VNĐ5 billion ($215,430), he told the police his ancestor left it for him. Later, he changed his story and said he picked it up … [Read more...] about Too good to be true

Herbalist Đoàn Văn Khanh, 60, from the southern province of Tiền Giang, has become the first Vietnamese farmer to be awarded an honorary doctorate by the University of Florida for his research into the medicinal properties of the Long Thành pomelo, a specialty of his homeland. He talks with Hà Nguyễn about his work.  Herbalist Đoàn Văn Khanh.Photo courtesy of Đoàn Văn Khanh Inner Sanctum: Why have you invested your time and effort into researching herbal medicine? I came across traditional medicine by chance. In 2006, there were rumours that eating pomelo caused breast cancer in women. This obviously affected fruit farmers in Tiền Giang Province. I witnessed the ripe fruits falling from the trees lying untouched in the orchards, and it was painful to watch. I’d heard that the fruit could be used to treat a number of human ailments, so I decided to start my research. First, I resigned from my post … [Read more...] about Vietnamese herbalist awarded honorary doctorate by University of Florida

Billion-dollar smart city will express the spirit and vision of a new Hanoi Vietnamese developer BRG Group and Japan’s Sumitomo Corporation have officially announced their US$4.2 billion smart city project on the outskirts of Hanoi. Through a 50/50 joint venture, a whopping 270 hectares of land located some 20 minutes from the city will begin development early next year and is expected to be complete by 2028. The smart city will be state of the art in that it will employ Industry 4.0 technology such as the Internet of Things to ensure energy is conserved. It will also feature surveillance cameras that come with the capabilities to recognise faces together with AI. Reality a long-term vision Marking the first milestone of the North Hanoi Smart City Project just before the 65th anniversary of Hanoi’s Liberation on October 10, Nguyen Thi Nga, chairwoman of BRG Group said, “We build a smart city not for our generation, but for many Vietnamese generations of the future. … [Read more...] about VIETNAM NEWS HEADLINES OCTOBER 16

In the first nine months this year, PNJ saw a net revenue of VND11.7 trillion dong, up by 11 per cent. Post-tax profit was VND806 billion , up by 16 per cent year-on-year. — Photo ndh.vn Phu Nhuan Jewellery Company (PNJ), the largest jewellery retailer in Viet Nam, recorded VND208 billion in after-tax profit in the third quarter, up 17 per cent year-on-year. The company reported net revenue of VND3.9 trillion in the period, up 25 per cent against last year. Financial expenses in the third quarter rose 78 per cent year-on-year, mainly due to increasing loan interest. Selling expenses also climbed 27 per cent to VND340.8 billion, administrative expenses rose 22 per cent to VND113.7 billion. PNJ attributed the surge in expenses to the company’s development strategy for the gold and watch retail systems. In the first nine months this year, PNJ recorded net revenue of VND11.7 trillion, up 11 per cent. Post-tax profit was VND806 billion, up by 16 per cent year-on-year. Earnings … [Read more...] about Phu Nhuan Jewellery sees profit up 17 per cent in Q3

  In the first nine months this year, PNJ saw a net revenue of VNĐ11.7 trillion dong, up by 11 per cent. Post-tax profit was VNĐ806 billion , up by 16 per cent year-on-year. -- Photo ndh.vn HÀ NỘI — Phú Nhuận Jewellery Company (PNJ), the largest jewellery retailer in Việt Nam, recorded VNĐ208 billion in after-tax profit in the third quarter, up 17 per cent year-on-year. The company reported net revenue of VNĐ3.9 trillion in the period, up 25 per cent against last year. Financial expenses in the third quarter rose 78 per cent year-on-year, mainly due to increasing loan interest. Selling expenses also climbed 27 per cent to VNĐ340.8 billion, administrative expenses rose 22 per cent to VNĐ113.7 billion. PNJ attributed the surge in expenses to the company’s development strategy for the gold and watch retail systems. In the first nine months this year, PNJ recorded net revenue of VNĐ11.7 … [Read more...] about Phú Nhuận Jewellery sees profit up 17 per cent in Q3