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Total security 2016

Securities trading groups urged to stay clear of crypto currencies

January 30, 2018 by hanoitimes.vn

The Hanoitimes – Securities trading organizations should refrain from offering services in consulting, brokering, issuing or transacting crypto currencies, according to the State Securities Commission of Vietnam (SSC).

In a statement, the commission said the move is aimed at protecting investors as Vietnam currently does not have a legal framework to manage and deal with electronic money, virtual assets and currencies.

Securities trading organizations should refrain from offering services in consulting, brokering, issuing or transacting crypto currencies.

Securities trading organizations should refrain from offering services in consulting, brokering, issuing or transacting crypto currencies.

Deputy Prime Minister Vuong Dinh Hue has asked the Ministry of Justice and the State Bank of Vietnam (SBV) to quickly complete the legal framework and report to the government. The documents should be presented to the  government for consideration by the end of the month, according to the SBV.

The statement also referred to business activities of Fintech firms with regard to the fundraising method through initial coin offering (ICO), as well as other activities in relation to Vietnam’s stock market.

At present, there is a growing trend in Vietnam for Fintech firms to raise capital through ICO, crowdfunding or peer-to-peer lending. However, these activities pose high risks with no law available for protection.

SSC requested investors to remain cautious when investing in new products to minimize potential losses.

Virtual currencies, especially bitcoin, have sparked fever worldwide. In Vietnam, the bitcoin drew significant market attention despite experts’ warning about its risks and the lack of a management framework.

On October 30, 2017, SBV said virtual currencies are not a lawful means of payment, therefore, “as from January 1, 2018, the act of issuing, providing and using illegal means of payment (including bitcoin and other similar virtual currency) may be subject to prosecution in accordance with the provision of Article 206 of the Penal Code 2015”, SBV said in a  statement released on October 28.

As a ministry-level body of  the government responsible for managing monetary policies, supervising financial institutions and keeping the country’s foreign reserves, SBV urged citizens and enterprises to refrain from making transactions in bitcoin and other crypto currencies.

Given its extreme volatility and lack of regulation, crypto currencies in general and bitcoin in particular can pose potential risks to investors. On the other hand, as explained by the SBV, bitcoin transactions are anonymous and can be used for money laundering, drug trafficking, tax evasion and illegal payments.

China and South Korea recently announced moves to tighten the management of bitcoin. Vietnam could be the next country to issue strict regulations on crypto currencies.

Filed Under: SCIENCE & TECH Hanoi Times, mCMS, www.onip.vn, grain trading group ag, grain trading group, trade weighted us dollar index major currencies, crypto currency aus, world crypto currency, why is securities trading important, about crypto currencies, where are fixed income securities traded, kotak securities trading login, crypto currency investing, crypto currency exchange, crypto currency news

Teenager Quang moves towards SEA Games glory, one step at a time

March 3, 2021 by vietnamnews.vn

Phùng Kim Quang competes in the National Athletics Championship in 2020. The teenager expects to win a medal at the SEA Games later this year. Photo courtesy of Phùng Kim Quang

Athletics

Thanh Hà

HÀ NỘI — Việt Nam have never won a gold medal in the men’s walking event at the regional Southeast Asian (SEA) Games despite having previously qualified for the Olympics in the sport.

Phùng Kim Quang is on a mission to change that.

Walking was little more than a blip on the Vietnamese sporting radar until siblings Nguyễn Thị Thanh Phúc and Nguyễn Thành Ngưng pocketed gold and bronze in the women’s and men’s races at the 25th Games in 2011.

Since then, with better support, Việt Nam have dominated the women’s discipline with four titles. However, the men’s crown is still out of the reach despite three silver medals.

Teenager Quang is the big Vietnamese hope in the sport after recording some outstanding performances at recent domestic competitions.

He is the record holder of the junior tournament and in the top three of the national championship.

Fate

Quang was born in Ba Vì District, in the outskirts of Hà Nội, in 2003.

The naughty little boy loved and played well in all sports such as badminton, shuttlecock, football and track-and-field. After dominating school competitions he became a member of the district athletics team.

Two years later, Quang was among several boys introduced to the walking event, a new sport in the city in 2015. His coach Nguyễn Văn Toản did not pick him at first but when the team did not have enough athletes, Quang was recruited after a second trial.

But Toản, who coached Phạm Thị Thu Trang to the SEA Games women’s title in 2019, gradually found the thin boy was suitable for the sport in which posture is of prime importance while arm, shoulder and leg actions must be well controlled to ensure balance.

After four years in the sport, Quang grabbed his first gold at the National Youth Athletics Championship and a bronze in the National Athletics Championship in 2019.

A year later, the 17-year-old defended his title at the junior 5,000m event and set a new record of 23min 14.21sec, 11 seconds than the old record of 23:14.32 by Dương Hữu Tín of Nghệ An Province in 2013.

“It is a record but I was not very happy. I expected to walk under 22 minutes but the result was more than 23 minutes. I considered it a failure because I could not do it again as I am overage next year,” Quang told Việt Nam News .

Phùng Kim Quang (right) poses for photos after winning a bronze medal together with the champion Nguyễn Thành Ngưng (centre) and silver holder Võ Văn Vĩnh at the 2020 National Athletics Championship in Hà Nội. Photo webthethao.vn

A month later he finished third with a time of 1:37:03 at the National Athletics Championship’s 20km walk.

Despite his strong effort, Quang who suffered a leg injury, could not surpass senior athletes Nguyễn Thành Ngưng and Võ Xuân Vĩnh at the finish line.

“I was really nervous when competing against such experienced rivals although it was my second time. Ngưng and Vĩnh are my seniors and idols. They have won national and international medals,” said Quang.

“However, I have learnt many things from them. From what they knew, they told me how to get better. Ngưng used to tell me ‘effort does not make success immediately, but if you try hard you will make it’. I have pinned it in my mind and will work harder to get better. I will find success by the end of the road,” he said.

Despite the third-place finish, Quang has been tipped for a big future.

“We will invest in Quang with an expectation that he will bring home regional and continental victories and even further he could reach world level if possible,” said Lại Phúc Lộc, deputy director of the Hà Nội Sports and Training Centre.

“We have set plans to send athletes including Quang to compete in open events in Thailand and Singapore (when the COVID-19 pandemic is controlled). Our goal is that Quang will secure a berth in the national team and have a high result in the coming SEA Games,” he added.

It is a huge job for Quang to vie for the national team slot against tough opponents. Ngưng has won the national title for 11 years in a row along with a SEA Games bronze and became the first and only Southeast Asian walker to win an Olympic berth in 2016. The Đà Nẵng-based athlete has vowed not to retire until he wins a SEA Games gold.

Vĩnh is also a big challenge he has finished behind Ngưng many times. He has even outperformed Ngưng in the SEA Games with three silvers in 2013, 2015 and 2019.

The only thing that Quang has on his side is his youth. He will be 18 while Ngưng 29 and Vĩnh 30 at the coming Games.

“My current result does not push me to the national senior team. But it will be my target now. I will have to improve my strength and technique. I also have to decrease my time because I want not only to be part of the coming big tournament but also win a medal,” Quang said. VNS

Filed Under: Uncategorized tournament, sport, athletics, Vietnam News, Politics, Business, Economy, Society, Life, Sports, Environment, Your Say, English Through the News, Magazine, ..., sea games, 28th sea games, 29th sea games, The SEA Games, SEA Games organizing committee, sea games 2015, sea games 2017 football, sea games online, sea games basketball, sea games volleyball, SEA Games Wushu, 2017 sea games

Indonesia urges ASEAN to strengthen patrols in East Sea

March 16, 2018 by en.vietnamplus.vn

Indonesia urges ASEAN to strengthen patrols in East Sea hinh anh 1 Indonesian Defence Minister Ryamizard Ryacudu (Photo: VNA)


Sydney (VNA) –
Indonesia has lobbied countries in the Association of Southeast Asian Nations (ASEAN) to carry out maritime patrols in the East Sea to strengthen security.

Indonesian Defence Minister Ryamizard Ryacudu made the statement at a joint press conference in Sydney on March 16 after talks with Australian Foreign Minister Julie Bishop and Defence Minister Marise Payne ahead the ASEAN- Australia Special Summit.

Minister Ryacudu said he has gone around to ASEAN defence ministers so that each country that faces the East Sea patrols around 230 kilometres.

Indonesia is focusing on the Sulu Sea and the Malacca Strait as well as cooperating with Thailand, Malaysia, Singapore, Vietnam, Cambodia and the Philippines in the field, he added.

ASEAN countries have secured almost half of the East Sea that they are patrolling, according to the minister.

The same day, Indonesia and Australia signed a navigation cooperation agreement, including economic and security development, prevention of illegal fishing, and sustainable management of natural resources.-VNA

VNA

Filed Under: Uncategorized Indonesia, Australia, Association of Southeast Asian Nations (ASEAN), maritime patrols, East Sea, security, Indonesian Defence Minister Ryamizard Ryacudu, joint..., asean on south china sea dispute, asean on south china sea, joint patrols sulu sea, kedudukan indonesia di asean, peran indonesia dalam asean, indonesia dorong asean jadi progresif, posisi indonesia di asean, asean china south china sea, asean china south china sea dispute, asean china south china sea code of conduct, asean doc south china sea, trilateral patrol sulu sea

Market edges higher, fertiliser stocks surge

March 3, 2021 by bizhub.vn

Workers unload products at one of Lam Thao Fertilizers And Chemicals’ warehouses. The company shares increased by 10 per cent on Wednesday. — Photo supelamthao.vn

Viet Nam’s stock market ended higher on Wednesday as the VN-Index bounced back in the afternoon session.

The VN-Index on the Ho Chi Minh Stock Exchange (HoSE) reversed course to edge higher in Wednesday’s trade after dropping 0.38 per cent in the morning session. The index rose slightly 0.03 per cent to 1,186.95 points.

The market breadth turned positive at the end of the session with 270 stock rising, while 168 stocks decreased. And 64 stocks stayed unchanged.

While a total of over 628.77 million shared were traded today on the southern market, worth VND15.15 trillion, an overload occurred again on HoSE in the afternoon session.

In a daily report, Bao Viet Securities Co. said that the index might face corrections earlier in the sessions before recovering at the end of the session. And the market needs more time to accumulate to break over 1,200 points level in the near future.

The market received support from the containment of COVID-19 outbreaks and the upward trends of global markets, the company added.

However, strong selling pressure still weighed on the market, with many big stocks falling.

The VN30-Index, tracking the 30 biggest stocks on HoSE, gained 0.07 per cent to finish at 1,195.6 points. The index lost 0.37 per cent in the morning session. Eleven of the 30 large-cap stocks in the VN30 basket rose, while 15 stocks dropped.

Stocks from real estate and banking sectors still influenced the market’s trend.

Top five stocks contributing to the gain of the market were Investment And Industrial Development Corporation (BCM) up 5.35 per cent, Vietinbank (CTG) up 1.58 per cent, VPBank (VPB) up 2.09 per cent, No Va Land Investment Group Corporation (NVL) up 2.65 per cent and Vincom Retail JSC (VRE) up 2.31 per cent.

Fertiliser stocks also recorded big gains today with DAP – VINACHEM JSC (DDV) up 14.75 per cent, Lam Thao Fertilizers And Chemicals JSC (LAS) up 10 per cent, Petro Viet Nam Ca Mau Fertilizer JSC (DCM) up 6.69 per cent and Duc Giang Chemicals Group JSC (DGC) up 6.98 per cent.

Meanwhile, Vingroup JSC (VIC), Vinhomes JSC (VHM) and Vietcombank (VCB) extended their losses and limited the index’s gain.

On the Ha Noi Stock Exchange (HNX), the HNX-Index posted an increase of 2.48 per cent to end the trading day at 254.1 points. The HNX30-Index recovered from earlier losses, up 0.56 per cent to 375.61 points.

Domestic investors poured nearly VND2 trillion into the northern bourse on Wednesday, equivalent to over 131.1 million shares.

In general, the market’s liquidity was high with a total 821.9 million shared traded, including trading volume on UPCOM, worth nearly VND18.2 trillion.

Meanwhile, foreign investors were still net sellers on HoSE and HNX, with a net value of VND471.95 billion on the southern bourse and a net sell value of VND7.6 billion on the northern market. — VNS

Filed Under: Uncategorized fertiliser stocks, Ha Noi Stock Exchange, the HNX-Index, HNX, VN-Index, Ho Chi Minh Stock Exchange, Markets, ..., surging penny stocks, markets edge, surging stocks, marketing edge magazine, marketing edge consulting group, market edge review, txu market edge, schwab market edge, market edge accuracy, market edge second opinion, market edge reviews, main market of the london stock exchange

World News in Brief: March 3

March 3, 2021 by en.nhandan.org.vn

* Indian government ministers and officials were following Prime Minister Narendra Modi’s lead by opting for an Indian-made vaccine instead of the AstraZeneca one.

* Thailand may celebrate its traditional new year Songkran as usual around mid-April, Culture Minister Itthiphol Khunpluem said Wednesday.

* China’s annual coal output will stand at no higher than 4.1 billion tonnes by the end of the 14th Five-Year Plan period (2021-2025), after it climbed 1.4 percent year on year to 3.9 billion tonnes in 2020, said a report issued by the China National Coal Association on Wednesday.

* President Joe Biden said on Tuesday the United States would have enough COVID-19 vaccine for every American adult by the end of May.

* The European Union aims to increase the region’s COVID-19 vaccine production capacity to 2-3 billion doses per year by the end of 2021, Industry Commissioner Thierry Breton was quoted as saying.

* German Chancellor Angela Merkel was expected on Wednesday to agree a gradual relaxation of curbs with regional leaders, but the rules can be tightened again if infections jump.

* Australia will seek the support of the defence forces in its immunisation drive, as it looks to ramp up a vaccination rollout programme that is running behind schedule.

* More than 3.5 million people have been vaccinated in Chile against COVID-19 almost a month after the start of a mass inoculation campaign, the Health Ministry said on Tuesday. It said in a communique that a total of 3,512,326 people have been vaccinated in the country, with 2,259,013 over the age of 60.

* OPEC and other oil producers, a group known as OPEC+, are considering rolling over production cuts into April instead of raising output as oil demand recovery remains fragile due to the coronavirus, three OPEC+ sources told Reuters. OPEC+ ministers hold a full meeting on Thursday.

* Indonesia, with the world’s third biggest rainforest area, reduced the rate of deforestation by 75% last year by controlling forest fires more effectively and limiting clearing of woodland, the Environment Ministry said.

* Negotiators from the Republic of Korea and the United States will hold talks in Washington later this week to discuss how to share the upkeep cost for the US Forces Korea (USFK), Seoul’s foreign ministry said Wednesday.

* The Russian Foreign Ministry urged the US administration “not to play with fire” after Washington on Tuesday announced sanctions against Russian individuals and entities over the alleged poisoning of Kremlin critic Alexei Navalny.

* The US Senate is expected to take up Biden’s US$1.9 trillion relief package on Wednesday, with fellow Democrats seeking to advance key priorities and jettison aspects that have drawn unflattering scrutiny.

* Portuguese hotels lost 73% of total revenues last year compared to 2019, the Portuguese Hotel Association (AHP) said on Wednesday, as the COVID-19 pandemic drastically curbed travel from abroad, weighing on the tourism-dependent economy.

* An earthquake of magnitude 6.2 struck central Greece on Wednesday, sending people rushing from their houses but drawing no immediate reports of casualties or significant damage.

* The World Bank is preparing emergency financing to help about 30 African countries access vaccines, the global lender told Reuters.

* Turkey and Egypt could negotiate a maritime demarcation agreement in the eastern Mediterranean if their ties, which have been strained, allow for such a move, Turkish Foreign Minister Mevlut Cavusoglu said on Wednesday.

* Katyusha rockets were fired on Wednesday on a military airbase housing US-led coalition forces in Iraq’s western province of Anbar, security sources said. A brief statement by the Joint Operations Command said that 10 rockets were fired in the morning on Ayn al-Asad airbase without causing casualties, while the Iraqi forces seized the rocket launcher later.

* Iranian President Hassan Rouhani on Tuesday urged the United States to lift sanctions to save the nuclear deal, which is also known as the Joint Comprehensive Plan of Action (JCPOA), official IRNA news agency reported.

* A record number of Ukrainians were taken to hospital with coronavirus over the past 24 hours while the number of deaths remains consistently high.

* Kenya and Senegal received their first batches of the AstraZeneca vaccine under the COVAX vaccine-sharing scheme.

* Merck & Co agreed to make rival Johnson & Johnson’s single-shot COVID-19 vaccine.

Filed Under: Uncategorized vietnam news, vietnam business, vietnam travel, vietnam culture, vietnam sports, vietnam politics, hanoi, saigon, ho chi minh city, apec, da nang, hue, hoi an, ..., live world news now, live world news today, live world news feed, live world news radio, wizarding world loot crate march 2018, rohingya daily news 09 march 2018, rohingya daily news 4 march 2018, rohingya daily news 7 march 2018, tonk news 18 march 2018, news 24/7 world news, bbc world news world, news bbc world news

Thailand orders additional 35 million doses of AstraZeneca vaccine

March 3, 2021 by en.vietnamplus.vn

Thailand orders additional 35 million doses of AstraZeneca vaccine hinh anh 1 Illustrative image (Photo: https://asia.nikkei.com/ )

Bangkok (VNA) – The Thai cabinet on March 2 approved a budget worth 6.3 billion baht (210 million USD) for purchasing an additional 35 million doses of AstraZeneca COVID-19 vaccine produced by the UK, bringing its total vaccine ordered to 63 million doses.

According to a spokesperson of the Thai government, the new batch of vaccine will arrive in Thailand simultaneously with 26 million doses of AstraZeneca vaccine and 2 million doses of Sinovac vaccine of China ordered previously.

Thailand’s Ministry of Health is still negotiating to buy more vaccines from other manufacturers as the government prepares to open registration for vaccinations for people.

The country officially started its COVID-19 vaccination programme on February 28.

Thailand reported 42 new COVID-19 cases and one more death on March 2, lifting the total of infections and fatalities to 26,073 and 84, respectively.

Thai Minister of Tourism Pipat Ratchakitprakarn has asked the Ministry of Health to approve the implementation of a vaccine passport system to kick-start the country’s tourism industry this year.

Pipat said on March 1 that the Thai government is waiting for the World Health Organization (WHO) to announce the vaccine passport before enacting this measure.

On March 2, Malaysia granted conditional approval for the use of COVID-19 vaccines made by UK firm AstraZeneca and China’s Sinovac, just days after the Southeast Asian nation launched its nationwide COVID-19 vaccination programme.

Malaysia began its COVID-19 vaccination rollout on February 24 using the vaccine developed by US drug-maker Pfizer and German partner BioNTech, as it has tried to rein in a spike in infections and help revive its economy that recorded its worst slump in more than two decades last year.

Malaysia aims to vaccinate at least 80 percent of its population of about 32 million by February next year. Last month, the government said it had secured 66.7 million doses, enough to cover its population./.

VNA

Filed Under: Uncategorized Thailand, Thai cabinet, AstraZeneca COVID-19 vaccine, budget, registration for vaccination, COVID-19 vaccination programme, Vietnamplus, Vietnam news, Vietnam..., books a million order tracking, books a million order online pickup in store, additives in vaccines, vaccine doses, rubella vaccine dose, vaccines doses

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