Japan sign three oda projects valued at 500m vnexpress international

Van Phuong, who lives in District 7, said he signed a contract with AISVN's chairwoman Nguyen Thi Ut Em in 2018 to lend the school VND5 billion (US$205,000). With such loans from their parents, the children would be allowed to study for free at the school in Nha Be District until they graduate from high school or move to another school. As stated in the contract, the loan is interest-free, and the school will pay it within 90 days after the students move to another school or finish their 12th grade. "My children moved in 2022 but the school has paid us nothing," Phuong said. He added that the school had promised to pay the debt twice, in January and May this year, but has defaulted until now. "When signing the contract, I simply thought that my two children could get access to an international education free of charge if I lent them the money, which is a long-term benefit. I did not expect the school to break its promise like this," he said. In the same situation, Thanh … [Read more...] about Parents accuse HCMC international school of dodging debts

The period between January and September saw airports across the country welcoming 89 million passengers, including 23.7 million foreigners, up 20% and 266.8% year-on-year, respectively. (Photo: VNA) Hanoi (VNA) – Vietnam’s international aviation market has gradually recovered in the first nine months with an increase in the number of foreign passengers, said the Vietnam Civil Aviation Authority (CAAV). According to statistics, the period saw airports across the country welcoming 89 million passengers, including 23.7 million foreigners, up 20% and 266.8% year-on-year, respectively. Vietnam ese airlines transported 44.1 million passengers, an increase of 20.3% compared to the same period in 2022. Of the total volume, 11.5 million were foreigners, soaring by over 300% annually. The international air transport market continues to maintain its recovery momentum for most traditional markets (excluding China and Russia) and records the presence of some new markets in … [Read more...] about International aviation market shows signs of recovery

The hosts enjoyed success in gymnastics, fencing, rowing, shooting, taekwondo and mountain biking to top the medals table in Hangzhou with 39 golds at the end of the second full day of action. South Korea and Japan are their closest competitors with a distant 10 and five golds respectively. China romped to all seven titles on the opening day of swimming on Sunday in an ominous display ahead of next summer's Paris Olympics, but they did not have it all their own way a day later. South Korea's Ji Yu-chan set a new Asian Games record in the men's 50 m freestyle of 21.72secs in a shock win ahead of Hong Kong's Ian Ho (21.87) and teenage Chinese star Pan Zhanle (21.92). Olympic silver medalist Siobhan Haughey clinched Hong Kong's first Asian Games swimming gold ever with an emphatic victory in the 200 m freestyle in a sizzling 1 min 54.12 sec, another Games record. "It's very special," she said. South Korea's night got even better when they took gold ahead of the hosts in the … [Read more...] about Swimming ace Qin breaks Games record as skateboarder, 9, has ‘fun’

Vietcombank sold the dollar at VND24,585, up 0.20% from Monday. The State Bank of Vietnam raised its reference rate by 0.03% to VND24,084. The dollar gained 0.20% to VND24,450 on the black market. It has increased by 3.60% against the dong since the beginning of the year. Globally the dollar stood by 10-month highs against a basket of major currencies on Tuesday, supported by U.S. bond yields scaling 16-year peaks, while the yen tiptoed deeper into the intervention danger zone, Reuters reported. The U.S. dollar index touched its highest since November at 106.1. The yen has slowly but inexorably slid toward the 150-per-dollar mark as policymakers stuck with ultra-easy settings. The psychological level is seen as a likely red line for the finance ministry, whose warnings of possible intervention have stepped up in recent weeks. Traders have an eye on a Tuesday meeting of political leaders and Bank of Japan officials. The yen hit 148.97 to the dollar on Monday and … [Read more...] about Dollar reaches new height in 2023

The city's Department of Education and Training said in a Monday statement that private schools, including international schools, must separate their education and training activities from their businesses, including capital mobilization and financial investment. The order was made following a case in which parents showed up at the American International School Vietnam (AISVN) in Nha Be District last Thursday demanding the school pay its debts. The parents said they had signed contracts with the school's chairwoman, Nguyen Thi Ut Em, to let the school borrow money so that their children could study for free. The school said in a press release later that the loans were actually investments in the school and the sum would be returned within 5 to 15 years from the time the children matriculated at the school. Speaking to VnExpress on Sunday, a representative from the department said it would send an inspection team to the school on Wednesday to look into its financial situation. … [Read more...] about HCMC regulating financial operations at private schools

A condotel project developed by Nam Long Investment Joint Stock Company (NLG). NLG has approved a plan to issue corporate bonds with a maximum total value of VNĐ500 billion, expected to be implemented in the third quarter of this year. — Photo courtesy of NLG Real estate companies are continuously announcing plans to issue bonds to raise capital. The Board of Directors of Nam Long Investment Joint Stock Company (NLG) on September 19 approved a plan to issue corporate bonds with a maximum total value of VNĐ500 billion (US$21.2 million), expected to be implemented in the third quarter of this year. The bond lot is a non-convertible bond, with a term of five years, without warrants, with an expected interest rate of 9.6 per cent per year. With the proceeds, Nam Long will use them to invest in the Nam Long 2 Residential Area project in Nam Cần Thơ Urban Area, Cần Thơ City. The project has a total investment capital of VNĐ500 billion; total area of 43.8 hectares. In mid-February … [Read more...] about Realty firms look to raise capital via bonds

EVN has urged the Ministry of Industry and Trade (MoIT) to expedite electricity imports from Laos in a bid to amplify the power supply in the North by 2025, as reported by local newswire VNExpress on September 25. The strategic import of electricity from Laos is emerging as a linchpin in the mitigation of potential electricity shortfalls over the coming dry seasons. The approach is underscored by both meticulous operational foresight and a diplomatic synergy, entrenched in the 2019 cooperation agreement between Vietnam and Laos. According to the National Power Development Plan VIII, and thanks to the cooperation agreement, Vietnam plans to purchase 3,000MW of electricity from Laos by 2025, with potential increments to 5,000MW by 2030 and 8,000MW thereafter if conditions permit. EVN’s recent proposition entails importing over 225MW from Laotian hydro and wind power plants including Nam Mo and Houay Koauan, and integrating with projects like Savan 1 and 2. The move is crucial, as … [Read more...] about EVN proposes accelerated electricity imports from Laos

Cashew nuts packed at a factory in Bình Phước Province. — VNA/VNS Photo Cashew exports are likely to strongly rebound by the end of the year after significant growth in both volume and value in the past eight months of this year, industry insiders have said. Data from the Việt Nam Cashew Association shows that in August, the country exported nearly 64,000 tonnes of cashew nut, earning a turnover of US$343.4 million, an increase of over 38 per cent in volume and nearly 32 per cent in value. The latest addition had brought its cashew nut exports over the past eight months of this year up to 400,000 tonnes in total with a value of over $2.25 billion, up 16 per cent in quantity and 13 per cent in quality. Raw cashew imports also increased significantly over the past eight months, 21 per cent higher than the yearly target, according to the association. In August alone, the country spent $370.4 million in importing over 367,200 tonnes of raw cashew, marking yearly hikes of 87 per … [Read more...] about Cashew exports predicted to strongly rebound by the year-end

The article wrote that Vietnam and Brazil have maintained long-lasting and stable cooperative relations since the two countries established diplomatic ties on May 8, 1989. Since then, there have been many high-level delegation exchanges between the two nations, notably, the official visit to Brazil in May 2007 by then General Secretary of the Communist Party of Vietnam Nong Duc Manh and the visit to Vietnam in July 2008 by Brazilian President Luiz Inácio Lula da Silva. Leaders of the two nations also met on various occasions, and pledged to further strengthen the bilateral ties. Most recently, Prime Minister Pham Minh Chinh met with President Lula da Silva on the sidelines of the expanded G7 Summit in Japan in May 2023. The relationship between the parliaments and the Parliamentary Friendship Groups of the two countries has also been developing, contributing to the expansion of the Vietnam - Brazil collaboration, through the signing and implementation of 16 cooperation agreements … [Read more...] about Promising future of Vietnam – Brazil cooperative relations

Check out the latest news about Vietnam. European Commission to inspect IUU fishing in Vietnam A delegation from the European Commission (EC) will visit Vietnam on October 10-18 to work with Vietnamese authorities on efforts to prevent illegal, unreported and unregulated (IUU) fishing , the Ministry of Agriculture and Rural Development said on September 25. A high-level dialogue session between the Ministry of Agriculture and Rural Development and the EC working group will take place on October 18, 2023 to discuss the findings of the inspection. Delegates attend the opening ceremony of the Vietnamese Goods Week in Paris. Photo: VNA Vietnamese products promoted at Frech Système U supermarket chain A delegation of 15 Vietnamese enterprises in agriculture, food, and textile industries are promoting their products at the Système U supermarket chain in France as part of the Vietnamese Goods Week in France. The event was inaugurated on September 25 in … [Read more...] about Vietnam news in brief – September 26