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 …
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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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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Bac Kan province elects 43-year-old Chairman
With a vote of confidence of 100%, Mr. Nguyen Dang Binh, Deputy Secretary of Bac Kan Provincial Party Committee was elected as Chairman of Bac Kan Provincial People's Committee for the 2021-2026 term. Chairwoman of the Bac Kan Provincial People's Council Phuong Thi Thanh congratulates the newly-elected Chairman of Bac Kan Provincial People's Committee Nguyen Dang Binh. Binh was elected at an unscheduled meeting of the People's Council of Bac Kan province on September 9. Mr. Binh’s predecessor is Mr. Nguyen Long Hai, an alternate member of the Party Central Committee, who has been appointed by the Politburo as the Secretary of the Party Committee of the Central Enterprise Block. Previously, on September 8, the Party Committee of Bac Kan province held a conference to announce the decision of the Secretariat of the Party Central Committee on the resignation of Mr. Binh as Vice head of the Office of the Central Party Committee to assume the position of Deputy …
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E-commerce turns small businesses into big cross-border traders
Many business owners have found major partners after joining international B2B marketplaces. Vihaba is a small and medium enterprise that exports and distributes agricultural products, handicrafts and garments. Since the enterprise began selling products on Alibaba, its revenue has increased by 55 percent over the last two years. Vietnam’s products are exported to many big markets, including the EU, US, the Middle East and Southeast Asia, thanks to the e-commerce platform. A representative of the company said the company makes the most of the e-commerce platform to effectively manage clients and improve the advertisement of products. DSW received orders soon after entering Alibaba. Its CEO Tran Thi Yen Phi said since the day of getting the first order worth $3,000, the company’s export turnover reached $400,000 a month. Ten percent of that comes from the contracts it gets via Alibaba. DSW has expanded its business scale, exporting products to 10 markets, while its staff …
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Nhon – Hanoi railway station metro line fails to meet deadline
The elevated section of the Nhon - Hanoi railway station metro line project (8.5 km long) will not be completed on schedule by the end of this year as planned. The Hanoi Urban Railway Management Board (MRB) says that in the past eight months of 2021, despite the complicated developments of the Covid-19 epidemic, MRB and contractors still implemented the project. About 74% of the workload of the project has bern completed and 89% for the elevated section. However, MRB Deputy Head Le Trung Hieu acknowledges that the Covid-19 pandemic has severely affected the project as it has disrupted construction. Contractors have made their best effort to implement bidding packages during the time of the pandemic. However, it is likely that the project will not be completed by the end of 2021 as planned. According to Hieu, the delay is mainly due to the impact of the pandemic and social distancing. The transportation of imported equipment to the construction site is much …
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Three die, 18 injured after bad weather strikes
Three people have died and 18 others injured after a whirlwind destroyed a factory in Trung My Commune, Binh Xuyen District, in the northern province of Vinh Phuc. Debris is blown into the sky after a whirlwind struck. Bad weather hit the region around 6pm on Wednesday with wood processing plant, Kieu Thi Junma Co Ltd., hit the hardest. Around 100 people were working inside at the time the whirlwind struck, causing the roof to collapse. Permanent deputy chairman of the Vinh Phuc People’s Committee Le Duy Thanh said that right after the incident, the provincial leaders and hundreds of police, soldiers and medical workers were present at the scene for rescue work. The three people killed have been named as Chuong Thi Nam, 48, from Tam Dao District, Le Thi Ha, 44, from Thai Nguyen Province and Luc Van Long from Tam Dao District. The 18 injured victims, aged between 37 and 47, are currently being treated at the provincial general hospital. The most serious …
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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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Wedding ritual of the Nung ethnic group in northern Vietnam
Young Nung boys and girls in the northern mountainous province of Lao Cai make friends and date when they work in the fields or go to market fairs. The groom’s family takes the bride to their home. Luon singing sessions at night are also good opportunities for them to find a partner. When a boy and a girl fall in love, the boy’s family sends a matchmaker to make a proposal to the girl’s family. Tran Chi Nhan, deputy head of the Culture Office of Hoang Su Phi District, Lao Cai Province, says a love proposal is the first step of a marriage. “At the proposal meeting, the boy’s matchmaker asks the girl’s parents to allow their daughter to marry. They meet again 10 days later at an engagement ceremony, to which the boy’s family brings an offering that includes a rooster, a bottle of wine, and confectionaries. Then they cook the rooster. The rooster’s legs are given to a shaman who uses them to predict a lucky date for the wedding ceremony,” says Nhan. At the engagement …
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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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