News from saigon times online

Customers shop at Co.opmart SCA Pham Van Chieu in Go Vap District on its opening day on November 22. — Photo courtesy of Saigon Co.op Saigon Co.op on November 22 opened Co.opmart SCA Pham Van Chieu supermarket in HCM City's Go Vap District, increasing the total number of Co.opmart stores to 122 across the country. Co.opmart SCA is the new name of France''s Auchan supermarkets, which Saigon Co.op acquired recently. Located on the ground floor of I-Home Apartment at 359 Pham Van Chieu Street inWard 14 in Go Vap District, Co.opmart SCA Pham Van Chieu supermarket has a modern design onover 25,000sq.m of floor space. It sells more than 30,000 items, including fresh and processed foods, cosmetics, clothes, household goods,and accessories, 90 per cent of which are high-quality Vietnamese products. Located in acrowded residential area, the supermarket will be a good place for locals to buy goods with clear origin, good quality and reasonable prices, especially during theyear-end … [Read more...] about Saigon Co.op opensCo.opmart SCA Pham Van Chieu

Users' names, ID numbers, phone numbers, addresses, birth dates, gender, emails and occupations of the accounts were posted on Raidforums, a website that trades in stolen data. Hackers said there was more info to be revealed, and whoever wanted them must pay to get it. The two million accounts' info had actually been leaked onto a lesser-known Internet forum over a month ago, and was only recently moved to Raidforums last month, said an expert with a Hanoi-based cybersecurity firm. The accounts might have been compromised either through a direct attack on the bank’s database, or someone from the bank might have leaked the information, the expert said. Victims of the leak "might be spammed with advertisements" as their emails and phone numbers were compromised. The leak was a serious one, said Vo Do Thang, director of cybersecurity firm Athena. "The fact that users' information is publicized like this is sensitive and dangerous [for victims], as they could lose money and face … [Read more...] about Two million account details from major Vietnamese bank leaked online

Nguyen Dang Thanh, chairman of TTC Land and HAN Yong Soo, executive vice president and head of Overseas Business Division of Lotte E&C at the singing ceremony. — Photo courtesy of TTC Land Saigon Thuong Tin Real Estate Joint Stock Company (TTC Land) and South Koreas Lotte Engineering and Construction Co., Ltd (Lotte E&C) signed a strategic partnership agreement to jointly develop property projects on November 21. Lotte E&C will invest around US$100 million in the projects, including $22 million in early next year. TTC Land will research and do the planning for projects and complete legal procedures to ensure unencumbered land is available for the projects. Lotte E&C will arrange finance for the projects as well as participate in the design, construction and marketing activities of these projects. As a main member of Lotte Group, Lotte E&C is a leading real estate developer and general contractor in various sectors in the construction industry in Korea and … [Read more...] about Koreas Lotte to invest $100m in property joint venture with TTC Land

A nursing home for meritorious revolution activists in Thái Ngyên Province receives 2,000 wounded or ill war veterans every year for treatment. — VNA/VNS Photo Hoàng Nguyên HÀ NỘI — Vietnamese lawmakers agreed with the Government’s proposal to raise benefit amounts for people who have rendered meritorious services to the revolution and expand the scope of those eligible. The majority of the delegates present at a meeting on Thursday – held by the National Assembly (NA) Committee on Social Affairs to review the amendments made to the Ordinance on Preferential Treatment of People with Meritorious Services to the Revolution – agreed that the benefits and allowances for those with recognised contributions to the revolution should also be raised to reflect the robust growth the country’s economy has witnessed in recent times. Under the ordinance, the State is expected to provide several “preferential … [Read more...] about NA Social Affairs Commitee agree to up benefits for revolution activitists

A model of Dragon Riverside City project, developed by Saigon Vina Real Estate JSC (Land Saigon) in HCM City. In October, Land Saigon issued 1.85 trillion VND worth of three-year bonds with a fixed yield rate of 11 percent per annum (Photo courtesy of Land Saigon) Hanoi (VNS/VNA) - Investors should make careful decisions when purchasing corporate bonds, especially coming with high yield rates, to avoid risks, the Ministry of Finance (MoF) has said. The MoF has issued the warning, saying investors should not be lured by high bond yield rates. According to the ministry, risks that investors may face include the firm’s failure to fulfil the terms and conditions of its bond issuance, failure to make full payments when the debt is due, or the issuer may not fulfil its commitment to investors on the redemption of bonds before the maturity date. Whether the issuer can repay depends on its financial capacity and business performance, the MoF said. High rates Bond … [Read more...] about Finance Ministry warns of risks in high bond yield rates