Four persons falsify the Defence Ministry’s decisions on the establishment of Đông Dương Group to cheat people who want to get jobs in a military company. — Photo cand.com.vnViet Nam News HÀ NỘI — Police in Hà Nội on June 21 released the results of a preliminary investigation into a case involving a gang who posed as military officers to con people. đồng from around 1,000 job seekers and contractors across the country. … [Read more...] about Military impostors arrested in capital
Shares fail to maintain rally
Viet Nam News HÀ NỘI — Vietnamese shares failed to maintain their upward trend on Thursday due to overwhelming selling pressure that persisted from the start of the trading hour to the closing minutes. The benchmark VN Index on the HCM Stock Exchange dropped 1.18 per cent to close at 969.40 points. It jumped 1.95 per cent on Wednesday. The HNX Index on the Hà Nội Stock Exchange lost 1.73 per cent to end at 110.16 points. The northern index had gained 1.38 per cent in the previous session. More than 149 million shares were traded on the two local exchanges, worth VNĐ3.6 trillion (US$157 million). The market breadth was negative as declining stocks outnumbered gaining ones by 276 to 153 while 310 other stocks were unchanged. Massive sell-offs hit 18 of the 20 sectors on the stock market. Key industries that saw share prices down included banking-financial, energy, rubber and plastic production and retail, data on vietstock.vn showed. Large-cap … [Read more...] about Shares fail to maintain rally
Moon heads to Russia for bilateral summit with Putin
SEOUL — South Korean President Moon Jae-in headed to Russia on Thursday for a summit with Russian counterpart Vladimir Putin that will focus on ways to boost the countries’ economic co-operation, as well as on joint efforts to rid North Korea of its nuclear weapons. The South Korean leader is making a three-day state visit that will also include a meeting with Russian Prime Minister Dmitry Medvedev, according to his office Cheong Wa Dae. Moon is the first South Korean president to make a state visit to Russia since 1999. During his trip, President Moon will deliver a special speech at the State Duma, the lower house of the Federal Assembly of Russia. It will be the first time that a South Korean leader has addressed the Russian parliament, Cheong Wa Dae said. The Moon-Putin summit will be held on Friday. It will mark the third meeting between the two leaders since Moon took office in May 2017. The two first met in September, when Moon attended the annual Eastern … [Read more...] about Moon heads to Russia for bilateral summit with Putin
Eriksen stunner cancelled out as Denmark held by Australia
Eriksen stunner cancelled out as Denmark held by AustraliaThe Saigon Times Daily Denmark's Christian Eriksen reacts at Samara Arena, Samara, Russia June 21, 2018 – PHOTO: REUTERS SAMARA (REUTERS) - Christian Eriksen’s superb opener was cancelled out by Mile Jedinak’s penalty as Denmark and Australia drew 1-1 at the World Cup on Thursday to ensure Group C would go down to the final round of matches. Denmark moved on to four points and need at least a draw against France in their last game to guarantee a last-16 spot. Australia, with one point, are clinging on by their fingertips and need to win their final match against Peru to stand any chance of going through. Denmark’s seventh-minute opener was fully deserved and the quality of the finish was superb in a World Cup that has produced some wonderful goals. Aaron Mooy’s poor clearance was immediately returned into the area. Nicolai Jorgensen controlled and flicked the ball inside to Eriksen, who … [Read more...] about Eriksen stunner cancelled out as Denmark held by Australia
FDI firms make small tax contributions despite plentiful incentives
FDI firms make small tax contributions despite plentiful incentivesThe Saigon Times Daily HCMC – Although foreign direct investment (FDI) enterprises are receiving more investment incentives than domestic businesses, tax payments by the FDI sector are much lower, the 2018 Vietnam Business Development Forum heard in Hanoi on June 19. Speaking at the event, Dau Anh Tuan, head of the Legal Department at the Vietnam Chamber of Commerce and Industry (VCCI), noted that Vietnamese private enterprises are weak and of small scale and the proportion of profit-making enterprises is low. In addition, private businesses have little exposure to the global market. Meanwhile, FDI enterprises are experiencing simpler business conditions, have better access to resources and are given more care. However, according to Tuan, combined tax payments by private enterprises make up 43.82% of the total, whereas FDI firms account for only 25.28%. Tuan said the domestic private sector needs equal care … [Read more...] about FDI firms make small tax contributions despite plentiful incentives
Smart tourism becoming trendy: experts
Smart tourism becoming trendy: expertsBy Dao Loan Passengers use self-service check-in kiosks at Tan Son Nhat International Airport in HCMC - PHOTO: DAO LOAN HCMC – Smart tourism, which indicates the reliance of tourist sites, their industries and their guests on technologies, has become a new trend, said experts at a smart tourism forum on June 21. At the forum, as part of the eighth Tourism Promotion Organization for Asia Pacific Cities (TPO) Forum, held in HCMC, multiple experts agreed that many cities in Asia have embraced the new tourism development trend. Perry Hobson at Taylor University in Malaysia said technologies such as travel websites, social media and smartphones have considerably changed the way tourism services are provided. Travelers can now look for tourism information via multiple channels, so it is a must for travel firms to make constant improvements to keep abreast of the new trend. Besides, travel firms have to change the way they approach … [Read more...] about Smart tourism becoming trendy: experts
More solutions needed to fight floods in HCMC
More solutions needed to fight floods in HCMCThe Saigon Times Daily Residents in HCMC wade through floodwater in this file photo – PHOTO: TL HCMC – The HCMC government has spent trillions of Vietnamese dong on flood control, but its efforts have yet to pay off. More effective solutions are needed to cope with the situation, experts said at a meeting in HCMC on June 20. Organized by the Environmental Technology Center under the Vietnam Association for the Conservation of Nature and the Environment, the meeting was aimed at finding ways to cope with floods caused by heavy rains and high tides, Sai Gon Giai Phong newspaper reported. The city has spent more than VND22 trillion (US$963 million) dealing with the situation for over 10 years. The figure will likely amount to a staggering VND120 trillion (US$5.25 billion) by 2020. Vu Hai, former deputy president and general secretary of the HCMC Water and Environment Association, noted that the city’s flooding … [Read more...] about More solutions needed to fight floods in HCMC
FDI firms make small tax contributions, given plentiful incentives
FDI firms make small tax contributions, given plentiful incentivesThe Saigon Times Daily HCMC – Although foreign direct investment (FDI) enterprises are receiving more investment incentives than domestic businesses, tax payments by the FDI sector are much lower, the 2018 Vietnam Business Development Forum heard in Hanoi on June 19. Speaking at the event, Dau Anh Tuan, head of the Legal Department at the Vietnam Chamber of Commerce and Industry (VCCI), noted that Vietnamese private enterprises are weak and of small scale and the proportion of profit-making enterprises is low. In addition, private businesses have little exposure to the global market. Meanwhile, FDI enterprises are experiencing simpler business conditions, have better access to resources and are given more care. However, according to Tuan, combined tax payments by private enterprises make up 43.82% of the total, whereas FDI firms account for only 25.28%. Tuan said the domestic private sector needs equal care and … [Read more...] about FDI firms make small tax contributions, given plentiful incentives
Turnover hits 8-month low
Turnover hits 8-month lowBy Phuong Thao HCMC – Heavy selling pressure sent stocks tumbling on June 21 after just one session of recovery, with market turnover hitting an eight-month low because of cautious trading. The HCMC market saw 96 stocks rising and 177 others falling, pushing the VN-Index of the Hochiminh Stock Exchange down 11.55 points, or 1.18%, at 969.4. Trading value on the bourse was at its lowest since October 10, 2017, sliding 13% versus Wednesday to VND3.1 trillion, while volume declined 18% at 117 million shares. Large caps were mixed, where property firm VIC closed downward 0.8%, while lender TCB and consumer goods firm MSN moved sideways. Meanwhile, BID became the top loser as the bank shed 4.3% at VND26,800 per share with volume of over two million shares. Other banks lost strongly, with CTG and VCB dipping 3.1% and 2% to VND25,350 and VND57,000 per share, respectively. HDB was the only gainer among the nine listed banks on the southern exchange, adding a … [Read more...] about Turnover hits 8-month low
Tinhvan welcomes Japanese partner
Tinhvan welcomes Japanese partnerBy Van Ly Toru Kuwano (L), general director of TIS Inc., and Tinhvan Chairman Hoang To pose for a photograph at Tinhvan Group's headquarters - PHOTO: TINH VAN HANOI – Tinhvan Group announced on June 20 that TIS Inc., a subsidiary of Japan-based TIS INTEC Group, has completed essential procedures to invest in Tinhvan. TIS cooperates with Tinhvan in finance and business, aiming to boost information-technology-based sectors, the core offering of both companies, through financial banking, payment, education, software exports and development studies. To date, TIS is the first overseas corporation to inject capital into Tinhvan Group. Earlier, the group was funded by its domestic stakeholders. TIS Inc. General Director Toru Kuwano noted that TIS had found resonance in Tinhvan in terms of development strategies, qualifications for researching and developing technologies and business philosophy. As a result, he is confident that this will be a … [Read more...] about Tinhvan welcomes Japanese partner