Nguyen dynasty

Lung Cu Flag Tower in Ha Giang Province and Hanoi Flag Tower are two of the seven similar sites nationwide that are well-known among both locals and visitors.

At the meeting, Vice Admiral Nguyen Trong Binh was briefed on Brigade 954’s task performance over the past time.

Particularly, the brigade strictly observed disciplines and effectively organized combat training and exercise programs, improved the technical qualifications of pilots and technicians, ensured flight safety, as well as proactively grasped situations to deal with any arising issues promptly.

Concluding the inspection, the Deputy Chief acknowledged and praised the achievements of the brigade over the past time.

He also asked the unit to continue raising a sense of responsibility among its troops and practicing possible combat scenarios.

Translated by Quynh Oanh

The Vietnam Women’s Union organized a ceremony to give the Kovalevskaia award 2020 with the participation of Associate professor Nguyen Thi Doan, former Vice President, chairwoman of the Kovalevskaia Award Committee.

For individual category, Associate Professor Truong Thanh Huong, lecturer of Cardiovascular Faculty of the Hanoi-based Medical University won the award. Lecturer, associate professor Truong Thanh Huong has made great achievement in researches with the outstanding one being her research “Building an inherited gene mutation causing high levels of blood cholesterol”.

Moreover, she has proposed management models of illness in Vietnam. Her research of an inherited gene mutation causing high levels of blood cholesterol was certified by the Ministry of Science and Technology and transferred to medical facilities for application in taking care of nearly 500,000 Vietnamese people suffering hereditary blood cholesterol.

For team category, female scientists of the Institute of Natural Product Chemistry under the Vietnam Academy of Science and Technology won the award. They have made research on biologically-active compounds with natural origins for application into real life to better human health.

A group of researchers led by associate professors Ngo Kim Chi and Le Thi Phuong Quynh have made the project “Level and measures to limit greenhouse gas emissions in production of coffee in the Central Highlands Province of Dak Lak”, which also won the award.

The Kovalevskaya Award was named after the Russian mathematician Sofia Kovalevskaya. The award, the first national award for female scientists, started to be presented in Vietnam in 1986.

The prestigious annual award is given to organizations and individuals who are female scientists and have excellent achievements in research and applying science into life, bringing benefits in different fields including economy, society and culture.

Since 1986, the award has been presented to 19 organizations and 48 individuals in various fields such as mathematics, physics, chemistry, biology, agriculture, medicine and information technology.

Meanwhile, on the Hanoi Stock Exchange (HNX), the HNX-Index made a breakthrough of nearly 3 percent. At the end of the trading session, the VN-Index inched up by 0.34 points, or 0.03 percent, to close at 1,186.95 points, with 270 gainers, 168 losers, and 64 unchanged stocks. The HNX-Index jumped 6.16 points, or 2.48 percent, to 254.1 points, with 137 gainers, 66 losers, and 57 unchanged stocks.

Foreign investors continued to net sell nearly VND500 billion on the whole market. Of which, they net sold VND470 billion on the HoSE. Liquidity remained at a high level with a total trading volume of 819 million shares, worth more than VND18.1 trillion. Of which, put-through transactions accounted for nearly VND1.77 trillion.

The stock market traded with caution from investors after the new General Director of the HoSE Le Hai Tra spoke in the media about a solution to prevent network congestion, which possibly is to raise the minimum round lot from 100 shares to 1,000 shares to reduce the load for the trading system.

According to the HoSE’s calculations, increasing the round lot to 1,000 shares can reduce the total number of trading orders by 40-50 percent, at the same time, it can pave the way for new heights of market liquidity.

Mr. Tra said that that might only be a temporary solution to solve the current network congestion situation. In the future, when the new stock trading system comes into operation, there will be an odd-lot board, and it is also possible to return to the current round lot of 100 units. However, this opinion faced considerable opposition from investors because it will make it difficult for investors, especially small investors. Because they will have to spend 10 times as much as currently to buy stocks on the HoSE.

Another solution to prevent network congestion for the HoSE is to transfer some stocks from the HoSE to the HNX, the State Securities Commission (SSC) has just sent documents to the HoSE, the HNX, and the Vietnam Securities Depository (VSD) on this.

Accordingly, the SSC requested the HNX to promptly accept and receive listed companies from the HoSE, without reviewing their records following the new listing process. The transaction mechanisms, transaction supervision, listing management, reporting, and information disclosure will be applied the same as companies listed on the HNX. The HoSE and the HNX will cooperate in supervising transactions for these stocks to ensure continuity of supervision.

Noticeably, the SSC stated clearly that shares of transferred companies, which are currently in the set of the VN-Index indicators of the HoSE will be removed from the set of HoSE indicators during the temporary transfer to the HNX. At present, SSC will temporarily not consider transferring the shares of companies currently in the VN30-Index.

The SSC also requested the HNX, the HoSE, and the VSD to urgently handle the issue so that enterprises can transfer the transactions of their shares similarly to the listing transfer cases that have been carried out so far. This mechanism will be applied from March 3 this year.

HCM City (VNS/VNA) – Prudential Vietnam Assurance Private Limited , a subsidiary of Prudential Plc , and Vietnam Maritime Commercial Joint Stock Bank have renewed their strategic bancassurance partnership for another 15 years.

The new agreement significantly expands the geographical scope to include the north, where MSB is headquartered, and make Prudential the lender’s only partner.

They have been collaborating since 2013 and built a highly successful bancassurance partnership which delivered a 34 percent compounded annual growth rate in annual premium equivalent between 2014 and 2020.

Under the renewed partnership, the two sides will also expand into new segments, including digital, to deliver holistic protection solutions to customers.

With a digital-focused approach that is aligned with MSB and Prudential’s plans to leverage existing digital tools such as the latter’s artificial intelligence-powered application Pulse, they hope to seize further growth opportunities.

Nic Nicandrou, Chief Executive of Prudential Corporation Asia, said: “Vietnam is an important market and source of growth for Prudential. The renewal and expansion of our long-term partnership with MSB represents a tremendous opportunity for Prudential to build on its strong presence in the market. It is a clear demonstration of our commitment to serving MSB’s customers, helping them get the most out of life with our leading suite of health and wealth solutions.”

Phuong Tien Minh, Chief Executive Officer of Prudential Vietnam, said: “Prudential Vietnam has built a highly-effective bancassurance partnership with MSB since 2013.

“We are delighted to be taking the partnership to the next level as we deliver our innovative offerings to MSB’s customers through existing as well as new channels, including digital. We look forward to continuing our strong relationship with MSB for another 15 years.”

Nguyen Hoang Linh, Chief Executive Officer of MSB, said: “We have enjoyed a very successful partnership with Prudential Vietnam and this reinforced our decision to extend the partnership and expand its scope to cover all of Vietnam.

“Together with Prudential Vietnam, we will remain focused on providing best-in-class financial and investment solutions to consumers across the country, helping them fulfil their evolving needs and providing them with a secure future.”/.

VNA