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Image : Vietnam to adopt int'l financial reporting standards by 2025

Vietnam to adopt int'l financial reporting standards by 2025

person Orange Themes access_time Dec 26,2016

Financial statements prepared under the new standards will give investors better insight into how companies perform.

Image : Airbus ups plane deliveries in 2016 but new orders drop

Airbus ups plane deliveries in 2016 but new orders drop

person Orange Themes access_time Jan 11,2017

Yahoo News PARIS (AP) — Airbus delivered a record number of planes last year despite engine and cabin production problems, even as new orders slumped for both the European manufacturer and its U.S. rival Boeing.

Image : Mekong Capital plans four deals by mid-2017

Mekong Capital plans four deals by mid-2017

person Orange Themes access_time Mar 07,2017

Vietnamnet - Mekong Capital plans to invest in four new companies in the first half of 2017, with each investment valuing at US$8-15 million, the firm has announced.

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Travel firms welcome new nightlife opening hours in Hanoi

access_time Aug 18,2016 chat_bubble_outline 147 views

Travel agents have welcomed the decision to finally extend nightlife opening hours and suggestions on how to manage the capital.


Travel firms welcome new nightlife opening hours in Hanoi

Chairman of Hanoi Nguyen Duc Chung has proposed to lift the midnight ban on local bars, clubs and cafes to improve the capital’s sparse night-time services. He said the ban would be lifted in the autumn. After the decision was announced, travel agents wholeheartedly welcomed the agreement.

Nguyen Hong Dai, director of APT said there would be more entertainment services for tourists which in turn, will make the capital more attractive. "More tourists will come to Hanoi, it'll be a boost to individual tourism," he said.

Dai suggested the ban should be lifted only on restaurants and bars first, not nightclubs.

Ta Huu Chien from Sunvina Travel Company also said this was good news for Hanoi's tourism since the nightlife will be less boring. He suggested that the authorities should choose key areas of focus for development and better management.

"Many tourists have complained that they wanted to go out and stay up late in Hanoi but couldn't, unlike Hong Kong, Bangkok or Singapore. I hope this new decision will make Hanoi more interesting," director of the Transviet Company Nguyen Tien Dat said.

He went on to say that the authorities should carry out a pilot programme in the Old Quarter, where there are many international tourists, before implementing it in other districts.

"It's better that restaurants that operate on pavements should still be banned, only indoor services and buildings that have sound-proof rooms can be allowed to open past midnight," Dat said.

Director of Hanoi Department of Tourism Do Dinh Hong said lifting the ban would encourage tourists to stay longer and spend more during their stay. It would also attract younger tourists and other tourists to the capital.

CEO of Vietrantour Company Nguyen Thi Huyen said Vietnam should apply high taxes to late night services like Japan. Each city could have specific areas for young tourists.

"Tourism companies can offer optional tours if they have good relation with service providers. Then the late night entertainment will also appeal to tourists who go in groups," she said.


In unprecedented move, Vietnam all set to sell stake in top brewers

The Vietnamese government is looking to fully divest from the country's prized beer companies, Sabeco and Habeco, in the next 18 months. Deputy Trade Minister Do Thang Hai said at a regular cabinet meeting on Wednesday that the government would sell its 89.59 percent stake in Sabeco, officially known as Saigon Beer Alcohol Beverage Corp., for US1$1.8 billion, and 82 percent own in Habeco, officially known as Hanoi Beer Alcohol Beverage Corp., for $404 million. Both local and foreign investors… chat_bubble_outline Read More...

Vietnam cuts lending interest rate to spur economic growth

A woman rides a bicycle past the building of the State Bank of Vietnam in Hanoi. Photo by Reuters The State Bank of Vietnam reduced its lending interest rate by 0.25 percent to 6.25 percent last Friday for the first time in three years, but at the same time cut deposit rates to 4.25 percent from 4.5 percent. The changes came into effect on Monday. The central lender said the move aims to boost economic growth. “Vietnamese companies still rely heavily on bank loans. We just need to be… chat_bubble_outline Read More...

Vietnam shipping execs sentenced to death for embezzlement

Logo of Vietnam's state-owned shipbuilder Vinashin is pictured at its headquarters in Hanoi, in 2010. (AFP/File - Hoang Dinh Nam) The executives, Giang Kim Dat and Tran Van Liem, were the former business manager and director-general of the troubled shipbuilder Vinashinlines. The firm is a subsidiary of Vinashin, a shipping behemoth that nearly folded in 2010 under billions of dollars of debt in a scandal that rocked the communist country's political elite and sparked government vows… chat_bubble_outline Read More...

Dengue fever become more complicated

Photo: VNA Read on the original site chat_bubble_outline

Moscow accuses Dutch sub of monitoring Med fleet

Moscow (AFP) - Russia on Wednesday accused a Dutch submarine of trying to monitor its aircraft carrier and escort vessels in the Mediterranean, denouncing such manoeuvres as "dangerous".According to the Russian defence ministry, the Severomorsk and the Vice-Admiral Kulakov, two of its anti-submarine ships, had "spotted a submarine from the Dutch navy... which tried to approach the Northern Fleet's aircraft carrier group in the eastern Mediterranean."The Dutch submarine, which was detected by… chat_bubble_outline Read More...

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