SGGP awards scholarships to needy students

Sai Gon Giai Phong Newspaper awarded 85 scholarships to students and pupils from Quy Nhon University, Quang Trung University, Binh Dinh College and high schools in the southern central coastal province of Binh Dinh on December 7.The awards ceremony took place in the main hall of the Department of Education and Training in Binh Dinh Province.Each university student received VND2 … [Read more...]

Open policies required to control gold fluctuation, says expert

Open and market-oriented policies will put gold under control, says director Tran Trong Quoc Khanh of a gold shop of the Asia Commercial Bank. Peopel rush to sell gold jewelries at a HCMC-based gold shop after the precious metal constantly hit llifetime highs (Photo: Minh Tri) "Vietnam's gold follows the global move. Yet there is still a gap between them as the domestic and … [Read more...]

Government’s proposed lump-sum taxes reduction vital, say officials

The government's proposals on tax exemption and reduction have raised questions from the National Assembly's Committee for Budget and Finance (CBF) on the effectiveness of the measures in boosting the economy. The government's proposed tax reduction for landlords of rent houses for workers and students, private kindergartens and food suppliers for workers is vital (Photo: Minh … [Read more...]

Banks post H2 positive earning despite high-cost loans

Many commercial banks announce to earn positive profits, while many businesses have to reduce operation and lay off staffs in an attempt to survive the economy meltdown. Depositors fill saving application forms at a HCMC-based branch of Asia Commercial Bank. Despite high lending rate, lenders still made healthy earning, while enterprises incurred losses Statistics show … [Read more...]

Banks concerned US dollar supply not meet up demand

Many lenders are concerned about the gap of the US dollar supply and demand as they struggle to mobilise the greenback, while lending demand remains very high. Many people converted their dollar deposits to dong after the state bank cut the greenback rate cap to support the local currency Financial experts say many people converted their dollar deposits to dong after the … [Read more...]

HCMC neighbours see property rush

Despite the prolonged dull property market in Ho Chi Minh City, sales of property in provinces adjacent to the southern hub remain booming, says an official from a property company. Property market in neighboring provinces remains booming despite the quiet market in Ho Chi Minh City Property market in the southern provinces of Long An and Binh Duong has been significantly … [Read more...]

State bank does good job of stabilising currency market

The central bank's measures on stabilising the foreign currency market have proved fruitful as people have been eager to sell US dollar to commercial banks, financial experts said. Individuals and businesses are willing to sell US dollar to commercial bank thanks to the state bank's measures on restoring stability in the monetary market Tran Anh Tuan, general director of … [Read more...]

Locals still shun credit cards due to high fees

Despite the central bank restricting dollar transaction in the economy, local people still hesitate to use international credit card to use overseas due to high usage fees. Credit card remains unpopular in Vietnam due to high fees Commercial banks have encouraged customers who have to travel abroad to opt for international credit card to meet their demand for US dollar. … [Read more...]

Solution for businesses in shortage of invoices

Many businesses are anxious about the printing houses' delay in the invoice orders as the deadline for tax filing - April 1st - is approaching. SGGP Dau Tu Tai Chinh has caught up with Nguyen Trong Hanh, deputy head of the Ho Chi Minh City Tax Bureau, to interview about the issue. The deadline for tax filing is approaching, but many businesses have not received invoice books … [Read more...]

Businesses shun ban on payment in dollar

Payments in dollar were still carried out publicly in spite of the government's ban, triggering worries about the dollarisation - a factor causes instability of the economy, economists warned. A cash teller puts a pile of US dollars into a cash counting machine at a HCMC-based branch of Asia Commercial Bank The Circular No11/2009/TT-BCT by the Ministry of Trade and … [Read more...]

Banks raise dollar saving rates to attract remittance inflow in Tet

Banks' depositing interest rate are moving up on the fact that lenders are trying to attract strong remittance inflows that come in ahead of Tet, the Lunar New Year festival, general secretary Duong Thu Huong of the Vietnam Bank Association (VNBA) said in an interview with SGGP Dau Tu Tai Chinh magazine (Investment and Finance). Photo: cafeland Dau Tu Tai Chinh: What do you … [Read more...]

Newspapers show off Tet editions at Hanoi festival

The annual Ha Noi Spring Edition Festival opened in the capital January 15 with 30 newspapers and magazines exhibiting their Tet issues. Mr. Pham Quang Nghi (L) with a copy of SGGP's spring edition at the ongoing Ha Noi Spring Edition Festival for publications (Photo: SGGP) At the event organized by the Hanoi Press Association, the Sai Gon Giai Phong booth was popular among … [Read more...]

Teacher fired at own will for fight with students

Education officials have decided to fire a teacher but are being lenient with his students following the surfacing of a video of their fight at a high school in central Vietnam last month. SCROLL DOWN FOR VIDEO The Department of Education and Training in Binh Dinh Province ordered the dismissal of Tran Anh Tuan, a 23-year-old chemistry teacher at Nguyen Hue High … [Read more...]

Co-operation project to boost agricultural exports to Finland

NDO/VNA - The Vietnam Chamber of Commerce and Industry - Can Tho branch, together with the Finnish Embassy, held a ceremony on October 23 to launch a project to support Vietnam's exports of agricultural and aquacultural products to Finland and Northern Europe. The project will be implemented in Hanoi, Ho Chi Minh City and the Mekong Delta with assistance from the embassy's … [Read more...]

Cooperation project to boost agricultural exports to Finland

Seafood manufacturing (Photo: VNA) The Vietnam Chamber of Commerce and Industry's Can Tho branch, together with the Finnish Embassy, held a ceremony on October 23 to launch a project to support Vietnam's exports of agricultural and aquacultural products to Finland and Northern Europe. The project will be implemented in Hanoi, Ho Chi Minh City and the Mekong Delta localities … [Read more...]

Requirement to reduce the use of groundwater

Deputy Prime Minister asked the localities to base on the planning of water supply, water use to develop a roadmap for gradually reducing the use of groundwater and switching to use surface water for water supply projects. Deputy Prime Minister Hoang Trung Hai has recently requested Ministry of Natural Resources and Environment, Ministry of Construction, Ministry of … [Read more...]

Dutch parliamentarians to visit Vietnam to boost trade cooperation

A delegation of the Netherlands' Parliamentary Committee for Foreign Trade and Development Cooperation, headed by Chairman Mr Raymond de Roon, will visit Vietnam on Sunday to seek economic and trade cooperation opportunities. >> Dutch premier supports settling East Vietnam Sea disputes by peaceful measures During the visit, which will last until August 24, Dutch members of … [Read more...]

Vietnam takes necessary precautions against Ebola

In the government office, Prime Minister Nguyen Tan Dung August 9 convened an urgent meeting with locality authorities and ministries on necessary precautions against the deadly Ebola epidemic. The Ministry of Health reported the PM the deadly Ebola virus disease (EVD), a viral hemorrhagic fever that has claimed more than 960 lives in West Africa so far this year, the World … [Read more...]

HCM City, Can Tho to host int’l tennis events for youths

The U18 International Tennis Federation's (ITF) Group 5 tournaments in 2014 will be organised in Ho Chi Minh City and the Mekong Delta city of Can Tho this month. According to organisers in HCM City, the event will see the participation of players from 20 countries and territories, including the US, the UK, Russia, India, Australia and Pakistan. Vietnam ITF U18 tournament … [Read more...]

Miss Vietnam 2014 tightens rules over marital status

Miss Vietnam, the country's biggest beauty contest, this year will ask applicants for more than just being single. "Contestants must be those who have never registered for marriage, or organized wedding, or lived with another in a husband-and-wife relationship," said Le Xuan Son, the chief organizer. A scandal erupted during the 2012 contest forced organizers to disqualify … [Read more...]