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Ambassador Dang Hoang Giang (L) and Ambassador Sovann Ke (Photo: baoquocte.vn) New York (VNA) – The Permanent Delegations of Vietnam and Cambodia to the United Nations (UN) co-organised a ceremony to mark the 55 years of the two countries’ diplomatic relations on June 24 in New York. Ambassador Sovann Ke, Permanent Representative of Cambodia to the UN, appreciated the good cooperation between the two countries, especially in the fields of politics, development, economics, trade, and people-to-people exchanges, as well as the close coordination between the two delegations. He expressed gratitude for the heartfelt assistance from the Vietnamese people, especially Vietnamese volunteer soldiers, to help Cambodian people get rid of the Pol Pot genocidal regime. The diplomat also informed his Vietnam ese counterpart Dang Hoang Giang ofpriorities and activities chaired by Cambodia as the Chairman of the ASEAN Committee in New York in 2022. Ambassador Giang recalled … [Read more...] about Anniversary of Vietnam-Cambodia diplomatic ties marked in New York

Ambassador Sovann Ke, Permanent Representative of Cambodia to the U.N., appreciated the good cooperation between the two countries, especially in the fields of politics, development, economics, trade, and people-to-people exchanges, as well as the close coordination between the two delegations. He expressed gratitude for the heartfelt assistance from the Vietnamese people, especially Vietnamese volunteer soldiers, to help Cambodian people get rid of the Pol Pot genocidal regime. The diplomat also informed his Vietnamese counterpart Dang Hoang Giang of priorities and activities chaired by Cambodia as the Chairman of the ASEAN Committee in New York in 2022. Ambassador Giang recalled the milestones in the bilateral relations, affirming that numerous many challenges and ups and downs in history, the solidarity, traditional friendship and comprehensive cooperation between Vietnam and Cambodia have been consolidated and developed continuously. He pledged to strive to preserve and … [Read more...] about Establishment of Vietnam-Cambodia diplomatic ties marked in New York

Shareholders voted for him to replace Dang Tat Thang, who was appointed in March after his predecessor Trinh Van Quyet was arrested for allegedly manipulating the stock market. Thang now serves as vice president of the company. Nguyen, brother-in-law of Quyet, has more than 17 years of experience in doing business and used to hold leading positions in many businesses. He was also a member of the board of directors of FLC Group from 2013 to October 2017 and from June 2018 to June 2020. FLC said it would focus on restructuring its management model and business plans this year. Several of its key leaders have been detained amid an investigation into possible stock market fraud that caused "serious damage to investors and affected the operations of Vietnam's stock exchange," according to the Ministry of Public Security. The company suffered losses of VND465 billion ($19.85 million) in the first quarter, its biggest in the last two years. … [Read more...] about FLC Group names new chairman

An investor watching stocks' movements at a trading floor of SSI Securities in Ha Noi. — VNS Photo Doan Tung In the first half of 2022, both market's benchmark index and liquidity plunged sharply, with the VN-Index posting a dip of over 20 per cent, making it one of the world's worst-performing stock markets. Market capitalisation lost over US$53 billion In the first six months of this year, especially from April until now, the Vietnamese stock market has witnessed a significant decline and fell below the 1,200 threshold as bottom-fishing demand was not strong enough. After six months, VN-Index plummeted by 20 per cent, while the HNX-Index recorded a decrease of 41.4 per cent year-on-year. According to China-based stock database Stockq, a drop of more than 20 per cent has made the VN-Index one of the worst-performing stock indices in the world during that period. Data from Bloomberg showed that the benchmark closed June at 1.1976 points, equivalent to a price to earning … [Read more...] about Viet Nam among world’s worst performing stock markets in first half

"I opened the other three accounts because registration is easy and more brokerages mean I get to receive more regular investment advice," the 30-year-old office worker explained. In the last two years brokerages have hugely simplified the account opening process, he said. When he opened his first account in 2020, he had to visit the brokerage, but this year he opened a new account online. People like Dung are partially the reason why the number of new stock accounts has been skyrocketing despite a decline in trading. Over 476,000 new accounts were registered in May, the highest ever monthly figure in the stock market’s two-decade history, according to the Vietnam Securities Depository. Around 1.4 million new accounts were opened in the first five months of this year, higher than the total number added between 2017 and 2020. There are now 5.65 million stock accounts, or one each for 5.7 percent of the population. But the average daily trading in May fell by 32 percent … [Read more...] about Rising stock account numbers despite plunging trade causes worry

The Ministry of Finance is working on amending and supplementing Decree No. 153/2020/ND-CP on private offering and trading of corporate bonds in the domestic and international markets. — Photo baogiaothong.vn The Vietnamese stock market has gone through nearly half of 2022 with turbulence and remarkable events, especially the Government's crackdown on illegal activities manipulating the market. At the moment, the market is struggling as both liquidity and the benchmark index fall sharply. Experts said that monetary policy tightening from the US Federal Reserve (Fed), prolonged Russia-Ukraine conflict and China's zero COVID policy will indirectly affect the country's stock market. Stock market crackdown In the first half of 2022, many big business owners such as Do Thanh Nhan, Chairman of the Board of Louis Holdings Group and Le Anh Dung, President of Tan Hoang Minh Group, were arrested for illegal activities in the stock and corporate bond market. These cases showed the … [Read more...] about Stock market faces bumpy ride in second half of 2022

On a bright moonlit night, a team of scientists and volunteers head out to a protected beach along the Delaware Bay to survey horseshoe crabs that spawn in their millions along the US East Coast from late spring to early summer. The group make their way up the shoreline laying a measuring frame on the sand, counting the individuals inside it to help generate a population estimate, and setting right those unfortunate enough to have been flipped onto their backs by the high tide. With their helmet-like shells, tails that resemble spikes and five pairs of legs connected to their mouths, horseshoe crabs, or Limulidae, aren't immediately endearing. But if you've ever had a vaccine in your life, you have these weird sea animals to thank: their bright blue blood, which clots in the presence of harmful bacterial components called endotoxins, has been essential for testing the safety of biomedical products since the 1970s, when it replaced rabbit testing. Glenn Gauvry, … [Read more...] about Horseshoe crabs: ‘Living fossils’ vital for vaccine safety

Mumbai civic chief IS Chahal (L) receives Vice Chairwoman of the HCMC People’s Committee Phan Thi Thang (R). (Photo: SGGP) The visit was attended by Vice Chairman of the People’s Council of HCMC Nguyen Van Dung, representatives of the city’s department and Consul General of Vietnam to Mumbai Hoang Tung. Speaking at the meeting, Mumbai civic chief IS Chahal said that the Covid-19 pandemic has basically been controlled in the city where coronavirus fatality accounted for 0.8 percent of the total number of confirmed cases thanks to the effectiveness of epidemic prevention and control measures, creating a strong socio-economic recovery. At the working session between leaders of HCMC and India's Mumbai Vice Chairwoman of the HCMC People’s Committee Phan Thi Thang emphasized the traditional good relationships between Vietnam and India that were founded by two outstanding leaders of the two nations, President Ho Chi Minh and Prime Minister J. Nehru, beginning in the 1950s. … [Read more...] about HCMC, Mumbai enhance cooperation, open new direct flights

Scientists of the Vietnam National Museum of Nature, University of Michigan, La Sierra University, and San Diego Natural History Museum recently discovered two new species of snakes that are endemic to the south of the Truong Son range in central Vietnam. Recent field work in the endangered habitats of the Giang River Valley in the south-central Vietnamese province of Khanh Hoa resulted in the discovery of two new species of wolf snakes, Lycodon anakradaya and Lycodon truongi, according to Nguyen Anh The, founder of the Vietnambirds website and a member of the research group. The Giang River and its waterway habitat course through a forested river valley formed by east-west trending mountains in the north-western portion of Khanh Hoa Province in the vicinity of the Giang River Hydropower Station. The surrounding mountains form the northeastern slopes of Langbian Plateau and are covered with montane evergreen tropical forests that are dissected by a rich network of small streams … [Read more...] about Two new species of wolf snakes found in Vietnam

The Vietnamese and Cambodian people have shared ups and downs in history. They have given impartial support to each other’s national salvation cause for freedom and happiness of the two peoples and prosperity of the two countries. One the occasion of the 55th anniversary of the Vietnam-Cambodia diplomatic relations (June 24, 1967 – 2022), the People’s Army Newspaper introduces articles looking back upon the special historical period of the relationship of the two countries. Foundation of a good relationship Fifty five years ago, on June 24, 1967, Vietnam and Cambodia officially set up their diplomatic relationship. This important event marked a new page of the bilateral ties. It must be put into the context at that time to see the special significance of the establishment of the bilateral diplomatic ties as well as the strategic importance of Vietnam-Cambodia relations. Vietnam and Cambodia are neighboring countries with long-standing traditional relationship. The relations … [Read more...] about Part 1: A new historical page of the relationship between the two neighboring countries