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Other News Japan takes lead in attracting Vietnamese workers The Saigon Times Daily Monday,  Nov 11, 2019,19:54 (GMT+7) Japan takes lead in attracting Vietnamese workersThe Saigon Times Daily Technical trainees from Vietnam work at a knitwear factory in Mitsuke, Japan, on February 26, 2019. Japan has surpassed Taiwan as the most attractive destination for Vietnamese guest workers – PHOTO: REUTERS HCMC – Japan has overtaken Taiwan as the most popular destination for Vietnamese guest workers, according to the Department of Overseas Labor, under the Ministry of Labor, Invalids and Social Affairs. Data from the department revealed that more than 13,400 domestic laborers went overseas for work under employment contracts in October this year, equivalent to 92.2% compared with the figure of the year-ago period at over 14,500. Japan took the lead in attracting Vietnamese guest workers, at more than 8,300 people, … [Read more...] about Japan takes lead in attracting Vietnamese workers

  A beer production line at Sabeco (SAB). SAB lost 1.9 per cent on Monday. — Photo sggp.org.vn HÀ NỘI — Shares retreated in the final minutes of trading on Monday as investors looked to take profits after the market had gained substantially in recent weeks. The benchmark VN-Index on the Hồ Chí Minh Stock Exchange slid 0.56 per cent to close at 1,016.75  points. More than 210.4 million shares were traded on the southern bourse, worth nearly VNĐ4.6 trillion (US$198 million). The southern index gained 0.68 per cent last week. Pillar stocks suffering from selling pressure included giant IT-real-estate-manufacturing-retail conglomerate Vingroup (VIC) (-1.3 per cent), brewery Sabeco (SAB) (-1.9 per cent), PetroVietnam Gas JSC (GAS) (-1.3 per cent), Masan Group (MSN) (-3 per cent), Vietinbank (CTG) (-1.6 per cent), Mobile World Group (MWG) (-2.2 per cent), Vietcombank (VCB) (-0.2 per cent), VPBank (VPB) (-1.1 per cent), … [Read more...] about Profit-taking sends stocks down

TAITUNG, TAIWAN - Media OutReach - 11 November 2019 - Entering the 9th consecutive year, the 2019 Taiwan Open Of Surfing kicks off for 15 days on November 23 at Jinzun, Donghe Township. More than 300 athletes hailing from 28 countries will attend the competition. Dual championships will be held featuring the Longboarding and Junior Championships. Everyone is cordially invited to attend this phenomenal event and enjoy the rural feeling that makes Taitung so special and renowned throughout Taiwan. 2019 Taiwan Open of Surfing kicks off on November 23rd at Taitung JinzunTaitung County Government is continuing in another year of cooperation with the World Surfing League (WSL) to host two of the four major events. The events consist of the World Longboard Championship, and Junior Championship. The QS3000 Men's Shortboard Competition has also been added, which continues to increase the scope of competitions that are held in Jinzun. The number of athletes who will come to … [Read more...] about 2019 Taiwan Open of Surfing kicks off on November 23rd at Taitung Jinzun

The Purchasing Managers’ Index (PMI) of Vietnam rose to a four-month high of 52.5 in April (Photo: VNA) Hanoi (VNA) – The Purchasing Managers’ Index (PMI) of Vietnam rose to a four-month high of 52.5 in April from 51.9 in March, signalling a solid monthly improvement in the health of the manufacturing sector, according to a Nikkei-IHS Markit survey. In a news release on May 2, Nikkei said growth was maintained in the Vietnamese manufacturing sector during April as firms were again successful in securing new orders, which increased at a rate broadly in line with that in March. Manufacturing production rose for the seventeenth successive month.  Meanwhile, purchasing activity continued to rise solidly, with the latest increase helping to support the first accumulation in pre-production inventories since January. Stocks of finished goods also expanded. New orders are predicted to increase further over the coming year, helping to boost sentiment around production … [Read more...] about Higher PMI signals improved health of manufacturing sector: survey

Vietcombank needs to raise capital to meet BASEL II standards. (Photo: VNA) Hanoi (VNS/VNA) - The Government is directing ministries and agencies to raise capital for State-owned commercial banks through the use of dividends or share sales this year, Deputy Prime Minister Vuong Dinh Hue said at a recent meeting. Hue revealed the news after four State-owned banks – Vietcombank, Agribank, BIDV and VietinBank – proposed the capital hike at the meeting on bad debt resolution last week as they are facing difficulties to fulfill the plan. Currently, the banks are under great pressure to hike capital to satisfy the State Bank of Vietnam (SBV)’s regulations to meet Basel II standards in 2020. Under SBV’s Circular, banks must maintain a capital adequacy ratio (CAR) of at least 8 percent as per Basel II norms, starting in 2020. With the new regulation, the CAR of the banks will fail to reach the minimum level set by the SBV if they fail to increase capital. Basel … [Read more...] about Government directs capital hike for State-owned banks