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 …
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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. …
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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 …
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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 …
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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 …
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VN football team drops in FIFA rankings in September
The World Football Federation (FIFA) has announced the rankings of national teams for September 2021. In the first half of September, the 2022 World Cup qualifiers took place in all regions, making a lot of changes on the FIFA rankings this month. The Vietnamese team got a total of 1244.09 points and dropped from 92nd to 95th in the world. The results came from the team’s two losing games against Saudi Arabia and Australia in the third qualifying round of the 2022 World Cup in Asia, with 16.76 points deducted. Vietnam also fell from 13th to 15th in Asia. In Asia, Iran overtook Japan to take the top spot and climb to 22nd in the world. The next positions in the top 10 are still Australia, South Korea, Qatar, Saudi Arabia... In Southeast Asia, except for Vietnam, which is participating in the third qualifying round of the 2022 World Cup, the remaining teams are not to be counted this time. Therefore, the ranking of these teams remains the …
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Finance Ministry rejects VAMA’s proposal to slash car registration fee by 50%
The Ministry of Finance has just responded to the petition of the Vietnam Automobile Manufacturers Association (VAMA) on additional support policies for businesses facing difficulties caused by the Covid-19 pandemic. The Ministry said that over the past time, to solve difficulties for businesses, organizations, households and individuals, including those in the automobile manufacturing and assembly industry, caused by the Covid-19 pandemic, many policies to support all economic sectors have been issued. Specifically, the Ministry has submitted to the Government to issue Decree No.41/2020/ND-CP on an extension of deadline for tax payment and land rent; Decree No. 109/2020/ND-CP on extension of payment deadline for special consumption tax for domestically manufactured or assembled automobiles; Decree No. 70/2020/ND-CP on reduction of 50% of registration fee for domestically manufactured and assembled automobiles by December 31, 2020; Decree No. 52/2021/ND-CP on …
Mobile Money paves way to apply ‘sandbox’ for new services
The trial Mobile Money service allowed by the Prime Minister will set a precedent for applying a "sandbox" scheme for new services and professions in digital society. Sandbox is a controlled institutional framework applied to new technologies, products, services and business models. It is an environment for technology firms to try their new technological apps and business models. After the trial period, management agencies will review the trial implementation and then accept or reject it. Using laws to set rules to deal with new issues arising from the application of new technologies is a challenge. The apps may have a rapid impact on society that management systems may not be able to keep up with. Many traditional business fields have changed, and businesses have to utilize technology to work more effectively. It is impossible to manage new services and business models within the existing framework, because policies tend to lag behind practice. Therefore, a sandbox is a wise …
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Businesses propose new regulations to replace Directives 15, 16
Associations of businesses have asked the Prime Minister to issue new directives on pandemic prevention and control to replace Directives 15 and 16 with regulations that fit the new circumstances. Localities should be allowed to conduct random examinations on people in transfer vehicles at departures and destinations. Enterprise associations in the fields of textile and garment, footwear, beverage, plastics, seafood processing, paper and pulp, forestry, dairy production, and food and foodstuff signed a document to Prime Minister Pham Minh Chinh containing a strategic proposal on "preventing and controlling the pandemic by points" to recover production and business safely in the new conditions. The social distancing during the fourth Covid-19 outbreak in Hanoi, HCM City and southern provinces has lasted 2-3 months, which has put a lot of businesses at risk of going bankrupt, disrupted supply chains, and caused workers to lose jobs, and made it more difficult for farmers and …
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