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The ODA Project Managing Board of Can Tho University has just signed a construction contract to build the Research Lab Complex (RLC), Advanced technology lab (ATL) building, screen houses and fish hatcheries. These are parts of the Can Tho University Upgrading Project which aims to convert the university into an internationally-recognized university in agriculture, aquaculture, environment and related fields. Moreover, the university will contribute to socio-economic development, climate change adaptation, environment protection and lift agricultural values in Mekong delta. The upgrading plan has five constituents including developing human resources, conducting scientific researches, building infrastructure, investing in equipment and consulting. By THANH HUNG – Translated by DAN THUY Tags: US$100 million-ODA Can Tho University upgrade … [Read more...] about US$100 million-ODA used for Can Tho University upgrade

SINGAPORE - Media OutReach - 17 October 2019 - CIMB Bank Berhad Singapore Branch ("CIMB") and iTrust have successfully completed their first structured trade financing transaction on iTrust's Blockchain and Internet of Things (IoT) platform. The transaction involves the financing of dairy products imported into China and is expected to generate transaction flows of up to US$100 million a year. iTrust provides secured real-time visibility of the cargo in transit and in the warehouse using blockchain-based IoT. All data and documents from the transaction are blockchained in a distributed ledger for provenance and immutability. The technology provides all stakeholders with a secured operational dimension of the transaction, which was absent in the past. With iTrust's security, transparency and visibility for the documents and cargo, CIMB hopes to mitigate risks associated with commodity trade financing and facilitate credit extension for their customers. Said Mr. Mak … [Read more...] about CIMB Bank Singapore and iTrust to Roll out Blockchain Trade Financing with Transaction Flows of up to US$100 Million a Year for Corporate Clients

A corner of Ha Long city (Photo: VNA) Hanoi (VNA) – Ha Long city in the northeastern province of Quang Ninh welcomed 7.9 million visitors in nine months of this year, up 21 percent. Tourism revenue surpassed 15.7 trillion VND (682.6 million USD), up 35 percent annually. The World Heritage Site Ha Long Bay is now home to about 500 cruise vessels, 189 of them offer overnight accommodation. Municipal authorities regularly inspect service quality at restaurants, lodging facilities, entertainment areas and shopping malls. In the past nine months, they received 141 calls through hotlines and promptly dealt with visitors’ complaints, thus improving their satisfaction. Goods sold at supermarkets and shopping malls ensure quality with clear origin. Tourism infrastructure is also upgraded, including Road 18A, while a coastal road linking Ha Long city with Cam Pha city is expanded. In August, British travel magazine Rough Guides included Ha Long Bay in its … [Read more...] about Ha Long city welcomes 7.9 million visitors in nine months

The Vietnam-US Friendship Association granted 100 scholarships to underprivileged students in Ho Chi Minh City on June 26 ahead of the 243rd Independence Day of the United States. Nguyen Thi Hong Diem, Vice Chairwoman of HUFO, delivers scholarships to underprivileged students. Present at the event were representatives of the US Consulate General in HCM City, Nguyen Thi Hong Diem, Vice Chairwoman of Ho Chi Minh City Union of Friendship Organizations (HUFO), Nguyen Thi Ngoc Phuong, President of the Vietnam-US Friendship Association in HCM City, along with several of the students who will receive the scholarships. Addressing the event, Nguyen Thi Ngoc Phuong, President of the Vietnam-US Friendship Association in HCM City, said the association hosts annual charity activities such as offering free medical treatment and scholarships to commemorate key dates in the history of both countries. She noted that by granting scholarships it is expected to give plenty of encouragement to … [Read more...] about Vietnam-US Friendship Association presents 100 scholarships to poor students in HCM City

VIB posts positive business results in nine months of 2019. — Photo coutersy of VIB Vietnam International Bank (VIB) posted a revenue of more than VND5.87 trillion (US$252 million) and a pre-tax profit of VND2.33 trillion ($100 million) in the first nine months of 2019. The bank’s service revenue accounted for 22 per cent of the total, reaching VND1.25 trillion ($55 million), business results published on Tuesday revealed. Total assets amounted to nearly VND176 trillion while the bank’s credit outstanding balance reached VND127 trillion. Non-performing loans decreased to 1.78 per cent as of September 30 from 2.24 per cent at the beginning of this year. Its equity saw a yearly increase 17 per cent to VND12.5 trillion, of which charter capital topped VND9.24 trillion, up 18 per cent year-on-year. From January to September, the bank had also reported positive retail growth. The two main lending products - mortgages and auto loans - accounted for 80 per cent of total … [Read more...] about VIB earns $252 million in nine-month revenue