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Authorities in Phu Quoc Island City, off the coast of Kien Giang Province in southern Vietnam, said on Wednesday night that a 56-year-old man had passed away from exhaustion en route to the hospital after attempting to rescue five tourists from drowning at a local beach earlier the same day. The victim was Nguyen Van Thai, 56, a resident of Duong To Ward, Phu Quoc City, who participated in rescue efforts to save five tourists from drowning at Bai Truong Beach on Wednesday afternoon. According to Tran Van Chung, another individual involved in the rescue operation, five tourists, including three adults and two children, were swept into the ocean by strong currents at Bai Truong Beach at around 5:30 pm that same day. Thai immediately dived into the sea following the tourists' calls for help. He then approached the five victims but was unable to bring them back to the shore due to the strong currents. At that time, Do Huy Dung, 34, a local, paddled a boat out into the ocean to … [Read more...] about Man dies after attempting to rescue drowning victims on Phu Quoc Island

At the talks between Vietnamese Minister of Foreign Affairs Bui Thanh Son, and Deputy Prime Minister and Minister of Foreign Affairs of Kazakhstan Mukhtar Tileuberdi (Photo: VNA) Son viewed Tileuberdi’s Vietnam visit, which was made from August 17-18 on the occasion of the 30th founding anniversary of diplomatic ties, as momentum to strongly beef up traditional friendship and multi-faceted cooperation between the two countries. He welcomed the Kazakh delegation, which included representatives of Kazakh state management agencies in finance and investment who came to explore cooperation and business opportunities in the Southeast Asian nation. The minister suggested Kazakhstan support Vietnamese investors to operate in the market. For his part, Tileuberdi affirmed that Vietnam is a priority partner of Kazakhstan in the region, and that attaching importance to boosting the relationship is an important part of Kazakhstan’s foreign policy towards Asia-Pacific. He held that ample … [Read more...] about Vietnam, Kazakhstan foster multi-faceted cooperation

Universities provide various attractive scholarship policies for students The Development Fund of the Vietnam National University - Ho Chi Minh City has coordinated with sponsors to award 43 scholarships worth VND 1.7 billion to extremely difficult students in its member schools and faculties of the Vietnam National University - HCMC. 41 full scholarships each worth VND50 million will be given to first-year students, VND 30 million for a second-year student, VND 20 million for a third-year student, and VND 10 million for a final-year student in addition to two incentive scholarships each worth VND5 million. Scholarship recipients ought to meet the requirements that they are studying at member schools, branches and affiliated faculties, and those who are disabled, orphans, homeless, and those from families living on an income marginally the poverty line and near-poverty line with relatively good academic performance in the school year 2020-2021. According to Associate Professor … [Read more...] about Universities provide various attractive scholarship policies for students

Speaking at the event, Chairman of the N.A.’s Committee for Legal Affairs Hoang Thanh Tung said following feedback, the draft law now has 7 chapters and 79 articles, up 5 articles from the version submitted at the N.A.’s third meeting. It also upholds the role of every citizen in overseeing activities of officials and cadres to uncover and fight corruption and negative behaviors, optimize democracy, and increase public responsiveness in the implementation of democracy at grassroots levels, he said. Regulations on the establishment of people’s inspection committees at all grassroots levels were also mentioned in the draft law to ensure fairness in the non-State sector. Minister of Home Affairs Pham Thi Thanh Tra said units will consider opinions before adding regulations over businesses and organizations that lack trade unions but have youngsters or women’s unions to ensure their democratic rights. Units will also gather more feedback to help self-governing units perform … [Read more...] about Full-time legislators look into draft law on implementing democracy at grassroots levels

This year's expo, with the theme “Growing Forward Together,” will take place at the Saigon Exhibition and Convention Center. It is expected to provide a great opportunity for Vietnamese travel agencies to recover and develop after the COVID-19 pandemic while connecting them with international partners and customers. 1,500 international delegates from travel agencies and brands, airlines, hotels, and resorts both at home and abroad have registered to attend the expo. Currently, the expo has 260 registered booths, and 210 among them are from foreign countries. The organizers have invited 160 international partners from 18 countries and territories such as the U.S., Australia, the U.K., France, Germany, Italy, Russia, Romania, Poland, Japan, the Republic of Korea, India, Thailand, and Singapore to join this year’s event. Within the framework of the expo, there will also be a high-level conference on tourism development policy with the participation of representatives of … [Read more...] about 16th International Travel Expo of HCM City to open on September 8

The three, Trinh Van Nam, Pham Thi Thanh Nga and Chairman Le Ba Phuong were appointed at its general meeting of shareholders Tuesday afternoon. This is the first time Phuong works at BOS Securities, though he was a member of FLC’s board of supervisors before resigning in 2014. The BOS board used to have five members but two, Trinh Thi Thuy Nga and Huong Tran Kieu Dung, were arrested for allegedly manipulating the stock market in April and were officially dismissed Tuesday. The rest, Le Ba Nguyen, Chu Tien Vuong and Nguyen Quynh Nga, all resigned in early August for personal reasons. In July Nguyen was named chairman of FLC to replace Trinh Van Quyet, his brother-in-law who got arrested in March for allegedly manipulating the stock market. BOS targets revenues of VND110 billion ($4.44 million) and profits of VND50 billion this year. … [Read more...] about FLC securities subsidiary appoints new board after mass resignation

At a meeting chaired by Deputy Prime Minister Vu Duc Dam on Wednesday, Nguyen Thi Anh Hoa, director of the HCMC Department of Tourism, proposed the government order the Ministry of Foreign Affairs to consider waiving visas for more countries, instead of the present 24 . She also urged the government to extend visa-free stays for tourists from Western European countries from the current 15 to 30 days because Westerners tend to make longer trips, Vietnam News Agency reported. She also expected the government to simplify e-visa issuance procedures to facilitate tourist entry. Nguyen Thien Phuc, product manager of Ho Chi Minh City-based Vidotour Indochina Travel, also petitioned the government to remove visa obstacles to attract foreign tourists for the rest of the year. Nguyen Van Hung, Minister of Culture, Sports and Tourism, admitted though Vietnam reopened its borders to foreign tourists, its visa policies are less attractive than neighboring countries. Earlier, he … [Read more...] about Tourism industry insiders urge govt to ease visa requirements

Hanoi (VNA) - The following is a list of selected news summaries last night by the Vietnam News Agency. - Party General Secretary Nguyen Phu Trong has called for work to be accelerated to perfect the Party and political systems, socio-economic management, and the fight against corruption and negative behaviours. Party General Secretary Nguyen Phu Trong speaks at the meeting. (Photo: VNA) Chairing the 22nd meeting of the central steering committee for corruption and behaviour prevention and control in Hanoi on August 17, Trong also requested the submission of regulations regarding power control to the Politburo for approval towards fighting corruption in inspection, supervision, Party discipline enforcement, audit, investigation, prosecution, trial and enforcement of judgments, law-building, use and management of public finances and assets, and press and media activities. Read full story - President Nguyen Xuan Phuc has said that Vietnam wants to cooperate with Israel in … [Read more...] about ☀️ Morning digest on August 18

Illustrative image (Photo: VNA) Hanoi (VNS/VNA) - Banks must tighten their assessment control of corporate bond investment s to avoid excessive risk and the misuse of funds raised by firms, experts said. In early April, the Banking Supervision Agency, under the State Bank of Vietnam ( SBV ) conducted an inspection of corporate bond investment activities at seven banks, while the Ministry of Finance inspected one bank. According to the SBV, by the end of 2021, there are 41 credit institutions holding 274 trillion VND (11.7 billion USD) of corporate bonds, of which more than 75% of them are held by ten major banks - Techcombank, MBBank, VP Bank , TPBank, BIDV, Vietcombank, VietinBank, HDBank, ABBank and SeABank. At some banks, the value of corporate bonds exceeds 10% of total assets. Although the inspection results were not published, a SBV senior leader said in an interview with Vietnam Investment Review that a number of credit institutions failed to accurately … [Read more...] about Banks should tighten assessment control of their corporate bonds investments: experts

Illustrative image (Source: VNA) Hanoi (VNA) – Vietnam’s visa policy should be more open to lure international tourists , insiders have said. Although the country has offered unilateral visa exemption and e-visas, the policy is not competitive enough as the 15-day visa exemption has yet to satisfy the need of visitors from such markets as Europe, North America and Australia, who often stay from three to four weeks in Vietnam, according to the Ministry of Culture , Sports and Tourism (MCST). Director of the Ho Chi Minh City Department of Tourism Nguyen Thi Anh Hoa said the ministry should propose the Government instruct the Ministry of Foreign Affairs to expand the list of countries and territories qualified for visa exemption and e-visa, and restore visa granting at border gates. She also suggested simplifying visa procedures for visitors who get infected with COVID-19 during their stay in Vietnam and undergo treatment in the Southeast Asian nation. The … [Read more...] about Relaxing visa policy to attract more foreign tourists: insiders