School students will compete in a writing and painting contest to promote Japan-Vietnam friendship, celebrating the 50th anniversary of diplomatic ties between the two countries in the central city from March 30 to May 30. Children join an outdoor reading session at the Japanese-styled Sakura Kindergarten in Da Nang. A writing and painting contest will be organised for 10,000 school students in Da Nang to promote the Japan-Vietnam friendship. (Photo: VNA) The contest is titled 'Da Nang school students joining hands in strengthening the Japan-Vietnam friendship'. It will feature around 10,000 students from primary, secondary and high school who will send their paintings and essays to Japan for selection on June 5-30. The best paintings and writings in Vietnamese or Japanese would be given awards in a ceremony in July. Da Nang was the first city in central Vietnam to promote cooperation with Japanese partners in high-quality human resources … [Read more...] about School students help promote Japan-Vietnam friendship
Japan airlines deals
Vietnam Airlines cooperates with VTVcab to promote national culture
VTVcab General Director Bui Huy Nam (right) and Vietnam Airlines General Director Le Hong Ha at the cooperation agreement signing ceremony on March 22 in Ha Noi. — Photo of organisers The Viet Nam Television Cable Corporation (VTVcab) and Vietnam Airlines have signed a comprehensive cooperation agreement in which the two sides will promote information about Vietnamese culture, history and destinations to the wider community. Accordingly, the two sides will cooperate in all fields of content production, event and programme organisation, and building information technology platforms in line with the trend of digital transformation and digital aviation. In all Vietnam Airlines flights, flyers will experience the safety and comfort of the national airlines' standards and enjoy an inspirational journey with VTVcab's rich content store. At the same time, VTVcab customers at home can easily find information about the aviation industry and hot destinations in both Viet Nam and the … [Read more...] about Vietnam Airlines cooperates with VTVcab to promote national culture
Banks continue with consolidation game
VPBank last week was rumoured to be close to an agreement to sell 15 per cent of stakes to Sumitomo Mitsui Financial Group, one of Japan’s largest financial companies. The estimated agreement is valued at around $1.4 billion, cited Bloomberg. “The Vietnamese bank will sell more than one billion shares to SMBC Consumer Finance, a unit of the Japanese megabank, for $1.35-1.39 each,” the newswire noted. Banks continue with consolidation game, illustration photo/ Source: Shutterstock VNDirect Securities told VIR that due to a high capital adequacy ratio of 20.5 per cent in 2022, VPBank could receive a higher credit limit from the State Bank of Vietnam this year. In addition, the brokerage predicted that the bank would invest significantly to diversify its products and expand its footprint in other segments, such as VPBank Securities in the securities market or OPES – its new non-life insurance arm. With the 15 per cent stake sale to SMBC, VPBank would consolidate and … [Read more...] about Banks continue with consolidation game
JICA supports the upgrade of Vietnam’s equity market
This was one of the events to celebrate the 50th anniversary of the establishment of Vietnam-Japan diplomatic relations and 30th anniversary of Japan’s Official Development Assistance (ODA) to Vietnam. Nearly 150 participants from related ministries and agencies, as well as Vietnamese and Japanese companies attended the seminar. In the event, after the presentation by the State Securities Commission (SSC) and discussions on the said strategy, JICA’s consultant team - Japanese experts from Daiwa Institute of Research, and other institutions including Japan Exchange Group and Nomura Research Institute - provided reviews of the Project and policy recommendations for the new development strategy of Vietnam’s securities market. Notably, the seminar welcomed a keynote speech from the Commissioner of Japan Financial Services Agency (JFSA) about “Japan's efforts to develop the securities market,” which could lay many lessons learnt for Vietnamese stakeholders. This Technical Cooperation … [Read more...] about JICA supports the upgrade of Vietnam’s equity market
Wild elephant plagues Binh Phuoc residential area
A wild elephant has ravaged fruit trees in the southern province of Binh Phuoc’s Dong Phu District. According to the forest management board in Dong Phu District, on March 19, the elephant appeared near the forest in Tan Loi Commune. A tree ruined by the elephant The animal travelled through a residential area which is home to around 61 households in Thach Mang Village, destroying 12 banana trees, one jackfruit tree and three papaw trees. It also broke into a local house, eating rice and salt. Local authorities have instructed locals to take measures to ensure safety in case the elephant returns. Based on the traces, the animal may head to Dong Nai Culture and Nature Reserve. Many local residents are worried that it could appear again. The Dong Phu Forest Management Board has arranged a force to deal with the elephant if it comes back. … [Read more...] about Wild elephant plagues Binh Phuoc residential area
Vietnam’s Dien Bien to close airport for 8-month expansion project
Vietnam's Ministry of Transport has issued a decision to temporarily shut Dien Bien Airport in the namesake northern upland province for eight months for an upgrade and expansion, starting from mid-April. The airport, located in Thanh Truong Ward in Dien Bien Phu City, will be closed from April 15 to December 17 this year. The current Dien Bien Airport was restored from Muong Thanh Airport, which was constructed by the French. The airport has a runway which is 1,830 meters in length and 30 meters in width, three aprons, and a passenger terminal that was built in 2004 and has an annual capacity of 300,000 passengers. Due to the short runway and simple landing systems, Dien Bien Airport only serves ATR 72 turboprops and Embraer 190 jets, which can transport a maximum 114 passengers. The Dien Bien Airport expansion project is aimed at making it capable of handling modern Airbus A320 and A321 aircraft and the equivalent airliners. VASCO, a subsidiary of national flag carrier … [Read more...] about Vietnam’s Dien Bien to close airport for 8-month expansion project
Ho Chi Minh City household raising 82 dogs fined for causing environmental pollution
A household in District 4, Ho Chi Minh City that breeds 82 dogs as pets in a 2.6m-wide house has been fined VND64 million (US$2,724) for causing environmental pollution. A representative of the People’s Committee of Ward 9 in District 4, where the family of Nguyen Thi My Thanh -- the owner of the dogs -- resides, confirmed the information to Tuoi Tre (Youth) newspaper on Tuesday. In particular, Thanh’s family was fined VND40 million ($1,698) for discharging wastewater which exceeds the criteria by over 10 times and VND24 million ($1,019) for releasing wastewater with a pH level above the permitted. The household was also asked to take measures to deal with the environmental pollution and pay measurement and sample analysis fees. According to the representative of the People’s Committee of Ward 9, most of the 82 dogs are puppies and sick canines that other people brought to Thanh’s house. Local residents have repeatedly complained that Thanh dumped the dogs’ excrement … [Read more...] about Ho Chi Minh City household raising 82 dogs fined for causing environmental pollution
Flights attendants suspected of smuggling drugs ‘released on bail’: Police
The four Vietnam Airlines flight attendants that were detained last week on suspicion of trafficking 11kg of drugs have been released on bail pending further inquiries. The tubes of toothpaste inside the case of the flight attendants that were later discovered to contain drugs. — Photo from the police They have told police they were not aware they were carrying narcotics. On March 16, Tân Sơn Nhất International Airport's customs authority scanned the luggage of the four attendants, Trần Thị Thu Ngân, Võ Tú Quỳnh, Nguyễn Thanh Thuỷ, and Đặng Phương Vân, and found in their cases 327 unopened tubes of toothpaste of various brands and 17 bottles of mouthwash. 157 toothpaste tubes were discovered to contain a total of 11.284kg of ketamine and MDMA. Law enforcement convened on Tuesday to review the case. The accused claimed in France, a Vietnamese national contacted them and asked them to carry the toothpaste and mouthwash to send to a family member in … [Read more...] about Flights attendants suspected of smuggling drugs ‘released on bail’: Police
Vietnam to develop policies to adapt to global minimum tax
Panasonic Life Solutions Vietnam in Vietnam - Singapore Industrial Park, Binh Duong province. (Photo: VNA) Hanoi (VNS/VNA) - Vietnam will adjust investment policies to adapt to the global minimum tax rate and remain an attractive destination for investment. The move comes amid concerns that this measure might undermine the competitive advantage of developing countries in attracting foreign investment through offering tax incentives. The global minimum tax was Pillar Two of the Organisation for Economic Co-operation Development ( OECD )’s base erosion and profit-shifting (BEPS) framework. To date, the solution drew the participation of over 140 countries and jurisdictions, including Vietnam, which aimed to reform international taxation rules and ensure that multinational enterprises pay a fair share of tax wherever they operate through the establishment of a global minimum effective corporate tax rate of 15% for those with annual revenue of 750 million euros, starting from … [Read more...] about Vietnam to develop policies to adapt to global minimum tax
Dragon fruit export turnover reaches 47 million USD
Export turnover of Vietnamese dragon fruit is expected to top 1 billion USD in 2023./. Hanoi (VNA) – The Ministry of Agriculture and Rural Development has announced that the country's total export value of dragon fruit so far this year topped 47 million USD, a fall of 48.7% compared to the same period las year. The fruit has been exported to more than 40 countries and territories with China, India, the US, Thailand and the Netherlands being the biggest import ers. However, in the first two months of 2023, its export saw a slump in some markets such as the Republic of Korea (RoK) and Japan with decreases of 25.9% and 35.4%, respectively year-on-year. However, the export of the fruit is expected to bounce back as China - the biggest importer with 70% from Vietnam - has reopened its door. Export turnover of the fruit is expected to top 1 billion USD in 2023./. VNA … [Read more...] about Dragon fruit export turnover reaches 47 million USD