Digital transformation plays a vital role in agricultural development To achieve ambitions to become a modern-oriented industrialised nation by 2030 and a developed country with high income by 2045, Viet Nam must succeed in the digital transformation process, in which agriculture is one of the priority areas, Minister of Foreign Affairs Bui Thanh Son said. Minister Son gave the statement at the Vietnam Agricultural Digital Transformation International Forum 2021, themed “Keeping up with market trends, ensuring the pivotal role of the economy during and after the COVID-19 pandemic.” which was held virtually on Thursday by the Ministry of Foreign Affairs (MOFA), the Vietnam Digital Agriculture Association (VIDA), and e-newspaper VnExpress. The forum is a place for dialogue and public-private policy activities between the Government, private sector and stakeholders. It was also an activity within the framework of the Vietnam International Agricultural Exhibition 2021 (AgriTech Expo …
American investor earns VND1,000 billion from Vietnam’s hot stock
The largest private equity fund management company in the US has just sold Vinhomes shares and made a profit of more than VND1,000 billion (nearly US$ 43.5 million) after a year. According to Ho Chi Minh City Stock Exchange (HOSE), Viking Asia Holdings II PTE. LTD - an organization related to the largest private equity fund management company in the US - KKR - has sold 31.96 million Vinhomes shares (VHM) during the period from August 18 to September 14, when VHM was priced at around 110,000 VND/share. At this price, the organization could collect nearly VND3,500 billion, earning a profit of more than VND1,000 billion after more than one year holding the shares. In June 2020, this organization bought VHM shares at the price of VND75,000 per share. After the transaction, the ownership of Viking Asia Holdings II PTE. LTD decreased from 5.5% to 4.6% of charter capital and is no longer a major shareholder in VHM. This means that it will not have to publish its next …
Continue Reading about American investor earns VND1,000 billion from Vietnam’s hot stock →
State Bank of Vietnam to enforce monthly cap on e-wallet transactions
The State Bank of Vietnam, which is the country’s central bank, has issued a new fiat to restrict an e-wallet user’s monthly transactions to no more than VND100 million (US$4,324). This payment cap is stipulated in Circular 23/2019/TT-NHNN dated November 22. The order will take effect on January 7, 2020. A user’s transactions to pay for legitimate goods and services and tranfer money between e-wallets powered by the same company are limited to VND100 million a month, according to the circular. The central bank has crossed out a proposed article capping the transactions’ value at VND20 million ($865) a day. Such abolition of a daily cap will spur cashless payment, e-wallet service providers said. The fiat also requires that users top up their e-wallets via checking accounts, debit cards, or transfers from their peers, who use the same e-wallet service. Users are permitted to use e-wallets to pay for goods and services, transfer money to other users, and credit their …
Continue Reading about State Bank of Vietnam to enforce monthly cap on e-wallet transactions →
Vietnam’s Hoi An honored among 15 best cities in Asia
Hoi An ancient city in Vietnam’s central province of Quang Nam has been named among the 15 best cities throughout Asia by U.S. popular magazine Travel + Leisure. The magazine’s World’s Best Awards survey was open for voting for the top tourist attractions from January to May, as destinations around the globe were gradually lifting COVID-19 restrictions, Vietnam News Agency reports. Accordingly, Hoi An earned 86.98 points out of 100 to rank 13th in the list of 15 top cities in Asia. The ancient city has been placed above Singapore and Mumbai, which scored 86.93 points and 86.61 points, respectively, Hoi An has previously been honored by Travel + Leisure many times, such as the world's best city in 2019, one of the 50 best places to travel in 2019, one of the top 10 Asian cities in 2018, among others. Located on the central coast, Hoi An ancient town is a paradise for tourists and lovers of photography and food. In 1999, the city was recognized by the UNESCO as a World …
Continue Reading about Vietnam’s Hoi An honored among 15 best cities in Asia →
Last train of Hanoi’s second metro route arrives in Vietnam
The last train of the second urban railway project in Hanoi was shipped from France to Hai Phong Port on Thursday and will be transported to the capital city soon, the Hanoi Metropolitan Railway Management Board (MRB) reported. This project, the Nhon - Hanoi railway station route, has a rolling stock of 10 trains designed by French manufacturer Alstom, with the first train delivered to the port of Hai Phong City on October 18, 2020. Each train, with a designed speed of 80 kilometers per hour and a commercial velocity of 35 kilometers per hour, can carry 944 to 1,124 people, with a density of about 6.6-8 people per square meter. The trains, each of which has four carriages, can operate continuously on the standard gauge railway of 1.435 meters. The train body is made of aluminum alloy, which is light, durable and environmentally friendly. With their low floors, the trains are convenient for passengers to get on and off, especially those bringing luggage or using wheelchairs. …
Continue Reading about Last train of Hanoi’s second metro route arrives in Vietnam →
Vietnam’s auto market hits bottom
Although car manufacturers have cut prices deeply to stimulate demand, the Vietnamese auto market witnessed a record decrease in monthly sales over the past five years when fewer than 9,000 cars were sold in August 2021. Vietnam's auto market has declined for 5 consecutive months. According to the Vietnam Automobile Manufacturers Association (VAMA), a total of 8,884 vehicles were sold in August, a drop of up to 45% compared to July. This is the 5th consecutive month the auto market recording a decline in retail sales and is also the month with the lowest sales in the history of the Vietnamese auto market since 2015. Monthly sales began to decline from April, when the fourth wave broke out, with 3.7% compared to March, while the decrease of May was 15% compared to April, the decrease of June was 8% compared to May, and the decrease of July is 32% compared to June. Since the fourth outbreak, many factories of VAMA members have had to suspend production sometimes. …
Final train for Hanoi’s second metro route arrives in Vietnam
A ship carrying the 10th train, the last of the second metro route, docked at Hai Phong Port on Thursday and is on its way to the Nhon depot area in Hanoi, a representative of Hanoi Metropolitan Railway Management Board (MRB) said Saturday. As of August, the route was 74 percent complete, including 90 percent of its elevated section. The metro route is scheduled to begin commercial operation of its 8.5-kilometer elevated tracks in the second half of this year. However, MRB said the target could be missed due to the impacts of the Covid pandemic. The Nhon-Hanoi Railway Station route consists of 10 trains with four cars each, manufactured by French company Alstom. Each train, which is 80 meters long and has a designed speed of 80 kph and a commercial speed of 35 kph, can carry 944 to 1,124 people. Its low floor makes it quite convenient for passengers to get on and off, especially for those with luggage or having to move on wheelchairs. There are priority areas for people with …
Continue Reading about Final train for Hanoi’s second metro route arrives in Vietnam →
Vietnam records 9,360 new local Covid cases
Ho Chi Minh City led with 4,237 new cases, followed by Binh Duong (2,877) and Dong Nai (939). Saturday's infection tally pushed the infection tally in the ongoing wave since late April to 672,593. 220 deaths were recorded on Saturday, including 165 in HCMC, 39 in its neighbor Binh Duong and seven in the Mekong Delta's Kien Giang. Other deaths were recorded in Tay Ninh (three), Dong Thap (two) and Binh Thuan, Thanh Hoa, Quang Ngai and Hanoi (one each). The national death rate over the past week has been 250 a day on average. The coronavirus death toll in Vietnam so far is 16,857, or 2.5 percent of all infections, compared to the world's average of 2.1 percent. Also on Saturday, 14,903 Covid-19 patients were announced recovered, bringing the total tally of recovered cases so far to 448,368. The country has vaccinated over 33 million people with at least one Covid-19 vaccine shot. Over 6.3 million have been fully vaccinated. Ho Chi Minh City, epicenter of the fourth …
Continue Reading about Vietnam records 9,360 new local Covid cases →
Breakfast @ Tuoi Tre News – September 19
Here are today’s leading news stories: Politics -- Vietnamese State President Nguyen Xuan Phuc and a high-ranking Vietnamese delegation left Hanoi on Saturday night for an official visit to Cuba, which is scheduled to run from September 18 to 20. COVID-19 Updates -- The Ministry of Health documented 9,373 COVID-19 cases, including 4,237 in Ho Chi Minh City, on Saturday evening, raising the country’s tally to 677,023, with 448,368 recoveries and 16,857 deaths. -- The National Ethics Committee in Biomedical Research on Saturday approved the mid-term evaluation report of the third phase of clinical trials for Vietnam's homegrown Nano Covax COVID-19 vaccine. -- The central city of Da Nang recorded no local infection for the first time in 70 days on Saturday even though authorities had been conducting mass testing over the past days, according to the municipal steering committee for COVID-19 prevention and control. -- The Ministry of Health has required authorities in …
Continue Reading about Breakfast @ Tuoi Tre News – September 19 →
China pledges to donate an additional 3 million doses of vaccines to Vietnam
Politburo member and Standing Deputy Prime Minister Pham Binh Minh and Chinese State Councilor and Foreign Minister Wang Yi on September 10 co-chaired the 13th meeting of the the Steering Committee for Vietnam–China Bilateral Cooperation. Politburo member and Standing Deputy Prime Minister Pham Binh Minh (R) and Chinese State Councilor and Foreign Minister Wang Yi. China pledged to donate an additional 3 million doses of vaccines for Việt Nam, bringing the total number of doses promised to 5.7 million. The information was announced at a meeting of the 13th Steering Committee for Việt Nam-China Bilateral Cooperation held in Hà Nội on Friday. The two sides congratulated each other on their recent important events including Việt Nam’s 13th National Party Congress and China’s 100th Anniversary of the Chinese Communist Party. They noted that the two countries have maintained close contact and exchanges through many forms, strengthened cooperation among …