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The Hanoitimes - The issue was raised at a conference held between Vietnamese government agencies and major Japanese enterprises in Vietnam to address their issues. Japanese enterprises suggested the Vietnamese government further simplify investment procedures, specifically the process of obtaining investment, construction and hazardous waste treatment licenses, to facilitate investment from Japan. Overview of the meeting. Photo: MPI. The issue was raised at a conference held between Vietnam’s government agencies and major Japanese firms in Vietnam, including Hitachi Asia Vietnam, TEPCO Power Grid, JFE Engineering, MUFG Bank, JERA, among others, on August 20, with the aim of addressing issues that are directly related to Vietnam’s business environment and affect Japanese businesses’ decisions to expand operations in the country. Director of the Ministry of Planning and Investment’s Foreign Investment Agency Do Nhat Hoang. Photo: MPI. Director of the Ministry of Planning and Investment’s Foreign Investment Agency Do Nhat Hoang considered the conference an important channel to help the Japanese business community better understand Vietnam’s investment policies and business environment, and for the Vietnamese government to identify its shortcomings to continue attracting high quality foreign direct investment (FDI). Takeshi Masuyama, country head of MUFG Bank in Vietnam, said the bank would continue to cooperate with Hanoi-based Vietinbank to promote Japanese investment into Vietnam. Country Head of MUFG Bank in Vietnam Takeshi Masuyama. Photo: MPI. MUFG Bank is currently Vietinbank’s second largest shareholder with a 19.7% stake, behind the Vietnamese central bank with a 64.46% stake. Vietnam remains a safe and attractive investment destination in the eyes of foreign investors. Year to July 20, 1,620 new foreign-invested projects were approved with total registered capital of US$9.46 billion, up …

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Small investors oppose expanding trading lot Ho Chi Minh City Stock Exchange (HOSE)’s proposal to raise the minimum trading lot to 1,000 shares is receiving mixed opinions from market experts and investors. The proposal was initiated by newly-appointed General Director of HOSE Le Hai Tra as a solution to reduce system overloads which have troubled traders recently. A 1,000 minimum trading lot will limit the participation of small investors, while the stock market is moving towards fairness and equality, said a budding investor. “My friends and I, when joining the stock market, only have a few tens to several hundreds of millions of dong, raising the minimum trading lot to 1,000 shares will directly affect our investment capacity,” said individual investor Diep. “With expensive stocks, we may have to spend hundreds of millions of dong to buy the minimum 1,000 shares,” she said. According to Diep, the stock market has never had such a chance for growth. New cash flow into the market pushed liquidity to a record high level. However, the new proposal may not only prevent new investors from entering the market but also discourage existing investors. “The plan to raise the minimum trading lot to 1,000 shares could quickly reduce the number of orders delivered daily on HOSE. However, it will cause frustration among small investors who are directly affected by the plan as they think they are not protected,” said Do Bao Ngoc, Deputy General Director of Kien Thiet Securities Vietnam (CSI). “This plan, if in place, will affect the rapid development of the stock market under the current favourable conditions, one of which is great interest from global investors,” he said. “Under the new plan, the most affected are the investors whose trading accounts have VND1 billion or less,” said Nguyen Hoang Hai, Vice Chairman of Viet Nam Association of Financial Investors (VAFI) According to VAFI statistics, investors whose trading accounts have VND500 million or less …

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A woman in Bac Giang Province is calling for financial help to support her husband and two children who are all suffering from mental illnesses. Nguyen Thi Lien's family Nguyen Thi Lien's husband, Nguyen Van Thuan, suddenly became mentally ill nearly 30 years ago when their son, Nguyen Van Sang, was only one year old. Both of Lien's children were healthy at birth but after her husband became mentally ill, their children also showed the same symptoms and their health worsened over time. Her 32-year-old daughter, Nhung, is a single mother to a five-year-old baby boy. When Nhung had a fit, Lien would lock her in a cage. Nhung screamed non-stop and tried to destroy everything before she became tired and fell asleep. "Her fit passed," Lien said. "I'll let her out when she wakes up because I still need this cage for my husband and my son when they have their fits." Lien's daughter locked in a cage when she had a fit Lien suffers from various illnesses like degenerative spine, goiter and gallstones. She can't do hard labour anymore so she earns little income from collecting scrap. Lien said she had thought of suicide but she is the only pillar of the family and there is no one else to take care of her husband and children. Lien then thought of sending her grandchild to a social protection centre. "I thought of putting him up for adoption or sending him to social protection centre but it's hurt whenever I think about it," she said. Nguyen Van Trung, head of the Red Cross Organisation in Hiep Hoa District, said, "Lien's family is one of the most difficult cases in our area. We only can help them so much because of our limited funds. I hope they will get help to overcome such difficulties." If you can help please donate through: 1. Code 4040: Nguyen Thi Lien from An Hoa Village, Doan Bai Commune, Hiep Hoa District, Bac Giang Province. Tel: 0389615523 2. Dantri/DTiNews No. 2/48 Giang Vo Str., Dong …

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