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Private schools mushrooming in HCMC to meet parents’ demand

Within five recent years, many parents have been choosing private school education and the trend of sending children to private schools is escalating in Ho Chi Minh City.

 

Ride-hailing rule concerns persist

Heated debate is continuing around the proposal to regulate ride-hailing firms as taxi companies, due to concerns that it will dampen Vietnam’s Industry 4.0 efforts.

 

Tam Chuc pagoda gears up for UN Day of Vesak

Preparations are well underway to prepare Tam Chuc pagoda in Kim Bang district in the northern province of Ha Nam for the United Nations Day of Vesak 2019, which will take place between May 12 and May 15.

Aquatic plant creates unique handicraft items

Under the deft hands of local artisans, water hyacinth has become an eco-friendly material for producing sophisticated handicraft items for exports.

 

No Vietnamese affected by airplane accident in Russia

There has been no Vietnamese citizen affected by the airplane accident in Moscow, Russia on May 5.

 

Vietnamese experts and ministries divided on draft law on PPP

The draft law on Public-Private Partnership (PPP) is being composed by the Ministry of Planning and Investment (MPI), and will be submitted to the government in July.

 

Vietnam consumers become fonder of e-wallet

Up to 61% of consumers now make payments on their mobiles, compared to just 37% in 2018.

 

Retirement age discussion set for tomorrow

A proposal to raise the retirement age in 2021 will be tabled for discussion at the 34th session of the National Assembly Standing Committee, which is scheduled to take place on May 8-10.

 

Vietnam Airlines announces first trading session on HSX

The HCM City Stock Exchange (HSX) on May 7 officially opened the first trading session of over 1.4 billion Vietnam Airlines shares (code HVN)

FLC Group lost $9.6 million due to H.A.I stock

In its first quarter consolidated financial report, FLC has to set aside a provision of VND220 billion ($9.6 million) for the investment of VND261 billion ($11.35 million) in H.A.I as the stock has been plummeting.

 

K+ takes on heavy losses for market expansion strategy

Going into huge expenses to obtain the broadcasting rights to many football leagues, K+ television in 2018 suffered VND350 billion ($15.2 million) of loss, raising its accumulated losses to VND3 trillion ($130.4 million).

Circular leverages foreign investors in SOE equitization

Foreign investors will be able to put down deposits and collateral in foreign currency when participating in auctions to purchase shares in State-owned enterprises next week, according to a circular of the State Bank of Vietnam.

 

89 cases of measles recorded in Hanoi

As many as 89 cases of measles have been recorded between April 19 and May 5 in the capital city of Hanoi, according to a report released on May 6 by the Hanoi Centre for Disease Control.

 

Vietnamese police arrest two Chinese fugitives

Police in Mong Cai city, Quang Ninh province, arrested two Chinese fugitives on May 7 who are currently wanted by police in China.

 

FDI to Vietnam’s property market increases 36% in Q1

Most of the capital influx was poured into the industrial property segment through mergers & acquisitions (M&A) deals.

 

Trial opened for major drug trafficking, production ring in HCM City

The People’s Court of Ho Chi Minh City opened on May 7 the first-instance trial on a drug trafficking and production ring, the biggest of its kind in Vietnam when being uncovered in 2017.

 

Vietnam Airlines to pay $63.9 million cash dividend

National flag carrier Vietnam Airlines, listed under code HVN, plans to pay cash dividends for 2018 at the rate of 10 per cent of charter capital, estimated at VND1.49 trillion (US$63.9 million).

 

Viettel Global posts highest profit in four years in 2018

Viettel Global Investment JSC, a subsidiary of Viettel Group, posted a gross profit of US$277.7 million in 2018, the highest level in the past four years and representing a year-on-year increase of 19 percent.

 

Preparations for UN Vesak Day urged to complete this week

Deputy Prime Minister Truong Hoa Binh asked for the completion of all preparations for United Nations Day of Vesak 2019 celebrations on May 10.

 

Vietnam's traditional fish sauces need to be promoted: experts

Vietnamese traditional fish sauce makers need to step up marketing to promote their products both at home and abroad, experts said.