Tin kinh te

Death penalty proposed against drug baron Van Kinh Duong The Saigon Times Daily Van Kinh Duong at the trial in HCMC on May 7. The HCMC Procuracy proposes a sentence of death for Van Kinh Duong and several of his accomplices - PHOTO: VNA HCMC – The HCMC People’s Procuracy recommended on May 9  that defendant Van Kinh Duong be sentenced to death, after he was accused of leading the largest drug trafficking and production ring in 2017. The prosecutor said the 39-year-old mastermind has a long criminal record. In 2010, while imprisoned at Thanh Lam Prison in Thanh Hoa Province for asset misappropriations and the storage of drugs, Duong escaped confinement, the local media reported. After his escape, he used fake identification cards under the names of Nguyen Cao Quy and Tran Ngoc Hieu to withdraw cash from banks and rent a house in HCMC, which was used as a location to distribute drugs. In 2016, officials said Duong teamed up with Tom, who he met in Cambodia, to … [Read more...] about Death penalty proposed against drug baron Van Kinh Duong

Kenh Te Bridge expansion completed By Le Anh Vehicles cross Kenh Te Bridge, which has been widened to 14 meters – PHOTO: LE ANH HCMC – Based on long-term plans to improve the local infrastructure and ease traffic between the city center and its growing southern suburbs, Kenh Te Bridge, connecting Districts 4 and 7 in HCMC, has been widened to 14 meters from the original 12 meters. Nguyen Vinh Ninh, deputy director of the HCMC Management Board of Urban Traffic Projects, said that the expansion of the bridge has been completed. The bridge’s expansion joints will be completed at the end of this month and do not affect traffic flow, said Ninh. Kenh Te Bridge connects Khanh Hoi Street in District 4 with Nguyen Huu Tho Street in District 7, forming an axis road from the city center to the Saigon South area, covering Districts 4, 7 and 8 and the outlying district of Nha Be. In recent years, more real estate projects have started to spring up in the Saigon South area, … [Read more...] about Kenh Te Bridge expansion completed

Conference on health checkup trends in 4.0 era to take place in HCMC The Saigon Times Daily A poster for the conference “Health checkup and treatment trends in the 4.0 era”, which will kick off on January 18 at the Saigon Times head office in HCMC’s District 1 HCMC - The conference “Health checkup and treatment trends in the 4.0 era” is scheduled to kick off on January 18 at the Saigon Times head office in HCMC’s District 1, under the collaboration between Thoi bao Kinh te Sai Gon , Sai Gon Tiep Thi and Saigon Times Club . Vietnam has seen a sharp increase in the application of modern technology in the medical sector over the past years, with multiple hospitals across the country having employed advanced technology in health checkup, treatment, and management. Accordingly, by participating in the event, attendees will gain more thorough insights into on-going trends of health checkups and treatments in the fourth industrial revolution, and technology … [Read more...] about Conference on health checkup trends in 4.0 era to take place in HCMC

Chitter-chatter on fish sauce By Nguyen Yen Binh Once in a while, in the midst of the hectic life, a random thought may cross the mind of a Vietnamese. And in that very moment of unmindfulness, does the person in question ever think about a day when he or she doesn’t have fish sauce, the most popular condiment in Vietnam? Fish sauce is both a dish and a seasoning, so familiar that you do not realize it is present throughout the life of a Vietnamese. Fish sauce when used to season and marinate brings out a delicious taste, but it is left out in the name of the dish it helps enhance the flavor. There are days when we Vietnamese eat rice with fish sauce. In this case, fish sauce is undeniably a dish. Eating rice with fish sauce! It sounds a little sad, as it seems someone is having a hard time. Still, it is not necessarily the case. In oriental medicine, fish sauce is a cure for cold. If you have ever had a meal with rice—the newly harvested one that is soft and still carries the … [Read more...] about Chitter-chatter on fish sauce

Regulatory framework desperately needed to support household businesses: experts The Saigon Times Daily Vu Tien Loc, president of the Vietnam Chamber of Commerce and Industry, speaks at the conference on February 20 – PHOTO: KINH TE DO THI NEWSPAPER HCMC – The enterprise and investment laws should be amended to stimulate the development of the private sector, especially the five million business households, and to make the business environment more liberal, said experts at a conference in Hanoi on February 20. The conference was held by the Vietnam Chamber of Commerce and Industry (VCCI) and the Ministry of Planning and Investment to canvass opinions about plans to amend the two laws, reported the Vietnam News Agency. VCCI president Vu Tien Loc said that these laws have not only created breakthroughs in investment activity and business establishment but have also resulted in other pro-business laws being adopted. The Government has adopted programs for the … [Read more...] about Regulatory framework desperately needed to support household businesses: experts

Saigon Times to host roundtable discussion on healthcare investment By Thanh Thom A woman holds a baby who gets vaccinated. Thoi bao Kinh te Sai Gon will hold a roundtable discussion on healthcare investment later this month – PHOTO: THANH HOA HCMC – Thoi bao Kinh te Sai Gon , a business weekly published by the Saigon Times Group, will cooperate with DG Medical, a provider of health solutions, to hold a roundtable discussion called “What does the Vietnamese healthcare sector need to attract investment?” The Government has called on the private sector to inject more money into the healthcare sector. To date, the flow of investment into the sector has been rapidly increasing since 2015. Many high-value merger and acquisition deals have been made public. For example, dental care clinic Nha Khoa My Group has merged with Sun Medical Center. In the pharmaceuticals sector, Japan’s Taisho Pharmaceutical Holdings Co., Ltd, announced its bid for 28.3 million shares, … [Read more...] about Saigon Times to host roundtable discussion on healthcare investment

NCB successfully organizes annual general meeting On April 26, National Citizen Bank (NCB) successfully organized the 2019 annual general meeting at its headquarters at 28C-D Ba Trieu Street in Hanoi’s Hoan Kiem District. The overview of NCB’s annual general meeting The event was attended by representatives of the State Bank of Vietnam, the board of directors, the management board, the board of controllers, shareholders and staff of the bank. Shareholders of NCB passed the 2018 financial statement and the 2019 strategy, including a share issuance plan to scale up capital and a restructuring scheme. In 2018, amid economic challenges at home and aboard, leaders of NCB applied flexible and appropriate management solutions to fulfill important targets and ensure safe and effective operations. The success was also attributed to the solidarity and effort of the bank’s employees. Sticking to goals set for the 2016-2020 period, namely Effectiveness, Sustainability, … [Read more...] about NCB successfully organizes annual general meeting

Better foundation for forex stability By Thao Nguyen The central bank has tools for active regulation, forex supply and demand does not experience sudden fluctuation, and the situation where enterprises cannot buy foreign currency in need does not occur – PHOTO: THANH HOA The forex “fever” in the first week of May has sparked concerns over its continuity in the upcoming time. However, a central banker from the State Bank of Vietnam (SBV) said his agency has yet to intervene with more foreign currency supply. Amid unpredictable developments in the global economy, the question is whether the forex rate will move within the SBV’s forecast and what the foundation for the forex rate over the final months of the year is? The central rate announced by the SBV on May 13 was VND23,047 per U.S. dollar, down VND10 per dollar against the rate on the weekend of the previous week. This was the first fall of the rate after a week of continuous rise. The reference rate quoted at the … [Read more...] about Better foundation for forex stability

Steelmaker sues Danang authorities for VND400 billion The Saigon Times Daily The façade of Dana-Y Steel JSC in the central coastal city of Danang. The company has brought a lawsuit against the city government for its administrative decisions – PHOTO: KINH TE DO THI HCMC – Dana-Y Steel JSC, based in the central coastal city of Danang, has filed a lawsuit against the Danang government, demanding compensation of some VND400 billion (US$17 million) for losses allegedly caused by the authority’s administrative sanctions. The People’s Court of Danang City has already received the formal lawsuit paper from the steelmaker, which has a plant covering 15 hectares of land in Thanh Vinh Industrial Park, according to Thanh Nien newspaper. The municipal People’s Committee and its chairman are being sued for their administrative decisions in ordering the company to suspend its manufacturing operations . The steelmaker said in the lawsuit that the decisions violated its … [Read more...] about Steelmaker sues Danang authorities for VND400 billion

Tax tools should be used effectively By Lac Duy Vietnam ranks fourth in the world in the amount of plastic waste dumped into the ocean with 1.8 million tons a year- PHOTO: THANH HOA The battle against single-use plastic products has not yet delivered any satisfactory results. Solutions are plenty, but what is lacking is their enforcement. The fact that the authorities are not aggressive enough to persist with the appropriate management tools may make winning this battle a mission impossible. To deal with environmental issues in general and the current crisis of plastic bags in particular, countries around the world take various approaches which however may be classified into three groups of solutions: (i) prohibition, restriction, technical barriers; (ii) taxes and fees, subsidies, credit, infrastructure investment; (iii) advocacy. Depending on the socio-economic conditions of each country, one or several solutions may be adopted at the same time as long as it is … [Read more...] about Tax tools should be used effectively