New heights charter school

Vietnam is striving to lure more Japanese investments to digital transformation and green growth, as recommended in the Vietnam-Japan Joint Initiative (VJI). Illustrative image (Source: VNA) Phase VIII of the initiative, launched in 2003, concluded in March 2023, under which 497 out of the 597 items were completed. To promote its role, the Vietnamese Ministry of Planning and Investment proposed building a cooperation programme between small- and medium-sized enterprises (SMEs) of the two countries, focusing on digital transformation, support industry and personnel training. Japanese SMEs have capacity, experience and high tech, and Vietnamese firms have abundant human resources, which is reciprocal during their development cooperation. The ministry suggested the Japanese side take more specific solutions and supplement workforce to further support Vietnamese enterprises in improving their capacity and competitiveness, and participating intensively in … [Read more...] about Vietnam attracting Japanese investments to new areas

Bamboo Airways is negotiating a deal with a new investor, showing its latest move one year after former chairman Trinh Van Quyet was arrested in March 2022 on charges of stock market manipulation, a representative of the airline told Tuoi Tre (Youth) newspaper on Thursday. The air carrier and the new investor are in the process of completing a part of investment procedures. Who the investor is remains unclear. The airline has found a new investor to replace former chairman Trinh Van Quyet and some relevant shareholders, said Bamboo Airways CEO Nguyen Manh Quan. The air carrier also actively helped the investor with relevant procedures of stake acquisition. The transferred stake was mortgaged at banks from 2020 by old shareholders. Apart from the stake purchase, the new investor agreed to take responsibility for all payments for the previous loans taken out by the old shareholders who used their stakes in Bamboo Airways as collateral at banks. Over the past few months, … [Read more...] about Bamboo Airways has new investor

Vietnam Prosperity Joint Stock Commercial Bank (VPBank) on Monday announced that it has entered into an agreement with Japan’s Sumitomo Mitsui Banking Corporation (SMBC) - a subsidiary of Sumitomo Mitsui Financial Group, Inc. (SMFG) – to issue 15 percent of equity stake through a private placement, officially welcoming SMBC as a foreign strategic investor of the bank. The investment from SMBC will help the bank raise VND35.9 trillion, or approximately US$1.5 billion, of Tier 1 capital, increasing its owner equity to around VND140 trillion from VND103.5 trillion. This comes as part of the capital raising plan that VPBank has been implementing during 2022-23 in order to enhance its long-term financial strength and support the bank to reach ambitious growth strategy over the next five years. Following the latest SMBC’s strategic investment, VPBank will become Vietnam’s second largest bank in terms of owner equity, which allows it to serve a wide range of customer needs in various … [Read more...] about Vietnam’s VPBank announces agreement to issue 15% of its charter capital to Japan’s SMBC

Vietnamese property developer Novaland is continuing personnel changes as Dennis Ng Teck Yow has been named CEO of the firm from Friday to replace Nguyen Ngoc Huyen, who tendered his resignation in late 2022. Novaland, whose NVL shares are traded on the Ho Chi Minh Stock Exchange, announced on Friday morning that the firm’s board of directors decided to select Dennis Ng Teck Yow, a native of Malaysia, as the new chief executive officer. He holds a master’s in banking and finance from the University of Hull in the United Kingdom. Yow is a housing industry veteran, previously working as general director at Gamuda Land Vietnam. The Malaysian entrepreneur has nearly 30 years of experience in property and in top posts of business strategy development, project development, and financial planning and analysis at domestic and international enterprises, according to Novaland. Novaland says will complete key projects Novaland’s appointment was made while the firm is struggling with … [Read more...] about Vietnam’s Novaland appoints Malaysian as new CEO

When news of a high school teacher in Vinh Phuc cutting the hair of one of her students for dyeing made headlines earlier this week, the Internet went into meltdown. Some said a total ban on hair dye in schools is too much, but others called it reasonable and necessary. Mai Huong, a 10th grader at the Cao Ba Quat High School in Hanoi, said her school forbids not only dyeing, but also makeup and nail paint. Teachers make surprise checks, and any student flouting the bans is punished. Huynh Tan Tai, a student at the Ernst Thälmann High School in HCMC’s District 1, said his school too is strict in these matters. Not only does the school ban dyeing of hair, but also requires boys to have neat and short haircuts. Makeup is prohibited. Though the Ministry of Education and Training has no specific regulations on dyeing hair and using makeup, many schools forbid them. Many students and parents believe such a ban is "rigid." A VnExpress survey of over 12,000 respondents found … [Read more...] about School bans on students dyeing hair divides opinion

Dantri/Dtinews Newspaper has just started construction of a new school project in the northern mountainous province of Lao Cai. The construction and upgrade of Na Phung Kindergarten and Na Phung Primary School in Bao Yen District is started on March 18 The construction and upgrade of Na Phung Kindergarten and Na Phung Primary School in Bao Yen District was started on March 18 with a total investment of VND 500 million donated by the Minh Tri Thanh Company through the Dantri Charity Programme. Na Phung Kindergarten lies on a high mountain in Bao Yen District, which is some 300 kilometres from Hanoi. Na Phung Kindergarten has badly deteriorated The boarding school has only one classroom for nearly 40 students aged between 2-5 who share the same class. The classroom, together with the kitchen, and restroom have all badly deteriorated. Next to the Na Phung Kindergarten is the Na Phung Primary School which also shares the same … [Read more...] about Dantri starts new school project in Lao Cai

Bamboo Airways is in the negotiation phase with a new investor. — Photo Bamboo Airways A representative of Bamboo Airways confirmed that the airline had found a new investor to replace the old shareholders, former Chairman Trinh Van Quyet and other related shareholders. Bamboo Airways is in the negotiation phase with a new investor. This group is expected to provide financial support to the company and the old chairman Trinh Van Quyet. Bamboo Airways has assisted in carrying out the procedures for transferring shares from old shareholders to new investors. The transfer is carried out under the supervision of State agencies in accordance with the provisions of law and approved by the competent authorities. The new investor, in addition to paying the share purchase price, has also agreed to be responsible for the payment of principal and interest on previous loans used by the old shareholders. At the same time, the new investor also supported former Chairman Trinh Van Quyet … [Read more...] about Bamboo Airways finds a new investor

The signing ceremony between VPBank and SMBC. Following the latest SMBC’s strategic investment, VPBank will become Viet Nam’s second largest bank in terms of owner equity. — Photo courtesy of the bank VPBank on Monday announced that it has entered into an agreement with Japan’s Sumitomo Mitsui Banking Corporation (SMBC) - a subsidiary of Sumitomo Mitsui Financial Group, Inc (SMFG) to issue 15 per cent equity stake through a private placement, officially welcoming SMBC as a foreign strategic investor of the bank. The investment from SMBC will help the bank raise VND35.9 trillion (approximately US$1.5 billion), of Tier 1 capital (equal to VND30,160 per share), increasing its owner equity to approximately VND140 trillion from VND103.5 trillion. This comes as part of the capital raising plan that VPBank has been implementing during 2022-23 in order to enhance its long-term financial strength and support the bank to reach an ambitious growth strategy over the next five years. … [Read more...] about VPBank sells 15 per cent of its charter capital to Japan’s SMBC

Delegates launch the 107th Cargill school in the northern region of Viet Nam. — Photo courtesy of Cargill Vietnam The Cargill Cares programme on March 16 announced the opening of five new schools in Dien Bien, Cao Bang, Yen Bai and Ha Giang provinces. The four provinces represent four of the nation's five lowest in terms of per capita GRDP for the nation, offering limited opportunities for education. Cargill Vietnam hopes to provide better opportunities that a solid educational grounding can bring to future generations of kids from these communities. “Education is essential to raise the quality of life for kids and their families in places like Tay Nguyen (Central Highlands) where the average income is a third lower than the national average,” said Cargill Country President in Vietnam Nguyen Ba Luan. “This has led Cargill to geo-prioritise this zone for schools in the years to come, and our announcement of five new schools today sees us delivering on our promise to these … [Read more...] about Cargill launches five new schools in the northern region of Viet Nam

Architect Ngo Doan Duc believes that Hanoi needs to create policies to attract talent and investors to build two new cities in Hoa Lac and Noi Bai. Hanoi Vice Mayor Le Hong Son has assigned the Department of Home Affairs to prepare a task force in charge of building a model of cities belonging to the capital city. The Hanoi People’s Committee will report to the Ministry of Home Affairs and the Prime Minister in March. Photo: Vietnamnet To ease the overload in inner districts, Hanoi is considering a model of cities located in the northern suburban districts of the Red River (Dong Anh, Me Linh and Soc Son) and the western districts (Hoa Lac and Xuan Mai). The new cities in the northern part of the Red River will focus on services and international integration. Noi Bai Airport will be the center of development in the city. The second city is expected to be built in the western part, or Hoa Lac area today. This will be a science-technology and … [Read more...] about Hanoi to build two new cities, creating springboard for Hoa Lac, Noi Bai areas