At the celebration of the Lao traditional New Year festival Bunpimay (Photo: VNA) Son La (VNA) – The Tay Bac University held a programme on April 13 to celebrate the traditional New Year of Laos – Bunpimay for hundreds of Lao students studying in the northwestern province of Son La. The annual Bunpimay festival often takes place from April 13-16, becoming a cultural custom that has been practised for long in Laos. This year’s programme includes two parts: a cultural exchange between Vietnamese and Lao students, and the festival’s rituals. Vice rector of the university Doan Duc Lan said the annual activity aims to forge connections between Vietnamese and Lao students, through which tightening the solidarity and friendship between the two countries in general. The Tay Bac University is a prestigious training centre of human resources, scientific research and technological transfer for Laos. Eight northern Lao provinces have friendly relations and … [Read more...] about Lao students in Son La province celebrate New Year festival
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1.5m foreign visitors arrive in Vietnam during first month of new year
1.5m foreign visitors arrive in Vietnam during first month of new yearThe Saigon Times Daily International tourists visit Hoi An Town – PHOTO: VNA HCMC – The number of international arrivals in Vietnam this month rose by 5% year-on-year to more than 1.5 million tourists, VietnamPlus news site reported, citing a report published by the General Statistics Office on January 29. Of the total, the number of international visitors to the country by air and road grew by 1.4% and 26.9%, respectively, while arrivals on cruise ships fell by 30.5%. This month saw a 9.3% rise in the number of international arrivals in the country against the figure seen in December last year. Vietnam mainly welcomed tourists from Europe and America as droves of overseas Vietnamese people returned to the country to celebrate and enjoy the Tet holiday. Further, as Europeans and Americans have winter holidays during this month, they are more likely to take tours at this time. In addition, Asian … [Read more...] about 1.5m foreign visitors arrive in Vietnam during first month of new year
FE Credit scores hat trick of solid growth over three years
FE Credit expects hat-trick of solid growth over three years A maturing market Whilst its 2018 annual report has not yet been officially released, the largest consumer finance firm in terms of market share in Vietnam has revealed a number of indicators showing its overall performance for the year. Accordingly, FE Credit has been able to maintain its thrust in credit disbursal over the course of the year on the same pace recorded in prior years. According to Kalidas Ghose, CEO and vice chairman at FE Credit, the company disbursed an average of VND4.5 trillion ($195.7 million) in credit per month till September. The figure has then growing at a double-digit rate per month during the last quarter, with the month of December seeing a record high of 50 per cent hike in credit disbursals. “Such an increase in disbursals of more than 50 per cent in three months is a rare occurrence in a volume-driven retail business consisting of small ticket loans like consumer finance,” … [Read more...] about FE Credit scores hat trick of solid growth over three years
Year-end party will be happiness for all
Illustration by Đàm Minh ChíViet Nam News by Thu Trang Spring is in the air. At every corner of the country, from cities to towns, workers and residents are hurrying up to complete all their work and duty, to successfully close up the old year and welcome the new. Viet Nam is preparing for it’s tradition festival to mark the Lunar New Year falling next month. As living standards improve each year, parties are not only becoming more common, but more extravagant. Companies, universities and clubs, are getting ready to party. It is not only an event to wrap up old work and start new, but also a chance for people to meet each other and share their lives. However, not every party brings joy as there can also be complications. Đỗ Quốc Trung, a clerical worker in Hà Nội, said as a member of different groups and clubs, he had a number of parties to attend each year end. “I even receive two or three invitations per day, and I do not … [Read more...] about Year-end party will be happiness for all
IMF unveils new corruption policy for member states
The stricter new policy also aims to tackle how rich countries contribute to corruption in the developing world by failing to prevent bribery and money laundering or by allowing anonymous corporate ownership. IMF unveils new corruption policy for member states, photo AFP The International Monetary Fund will systematically address corruption and its impact on economic growth with all its member countries under new guidelines launched on Sunday (Apr 22). The stricter new policy also aims to tackle how rich countries contribute to corruption in the developing world by failing to prevent bribery and money laundering or by allowing anonymous corporate ownership. "We know that corruption hurts the poor, hinders economic opportunity and social mobility, undermines trust in institutions and causes social cohesion to unravel," IMF Managing Director Christine Lagarde said in a statement. "We have now adopted a framework for enhanced engagement on governance and corruption that aims for … [Read more...] about IMF unveils new corruption policy for member states