The test run of the new government Facebook page aims at supplying existing press information, also available at chinhphu.vn, to a wider Vietnamese audience, the head of the government's website has said. For a long time, the portal of the government has sent emails containing information about its directives and administration, the prime minister, and other deputy prime ministers to press agencies and journalists specialized in monitoring governmental activities and the Government Office, Vi Quang Dao, general director of the government's website, told Tuoi Tre (Youth) newspaper. However, the media have used only a fraction of the press information according to their needs, while other information, which may be useful to other people, has been omitted or not fully published, Dao added. Therefore, the government portal has begun the trial to bring all the available press information on Facebook to disseminate it more broadly so that more Vietnamese people can have access to it, he … [Read more...] about Vietnamese government starts providing information on Facebook
This expansion was due mainly to a 4% on-quarter growth in government bonds to US$51 billion as the central bank increased issuance of bills. Vietnam’s bond market registered growth of 3.4% on-quarter and 1.9% on-year to US$55.1 billion as of the end-September, according to the latest edition of the Asian Development Bank’s (ADB) Asia Bond Monitor. This expansion was due mainly to a 4% on-quarter growth in government bonds to US$51 billion as the State Bank of Vietnam (SBV), the country’s central bank, increased issuance of central bank bills. The overall expansion of the country’s local currency bond market was slightly tempered by a 2.8% contraction on-quarter in the corporate bond market to US$5 billion. Nevertheless, the corporate bond market still posted growth of 4.2% year-on-year. Yield movement Vietnam’s local currency government bond yield curve shifted downward between August 31 and October 15. Bond yields for … [Read more...] about Vietnam’s bond market grows 1.9% in Jan-Sep, reaching US$55 billion
A nine-year-old boy in the north-central Vietnamese province of Thanh Hoa had one of his hands amputated after a flashlight exploded while charging in his home last week. L.V.N., born in 2010, was rushed to Thanh Hoa Province Children’s Hospital with a severely injured right hand on the morning of November 16. The little patient’s family said he had tried to unplug a flashlight from an electric socket at around 7:30 am that same day after he heard a ‘pop’ coming from the device, which was being charged. The device suddenly blew up while N. was holding it in his right hand, the family said. The explosion severely damaged all the fingers of the hand. N.’s family first rushed him to a district hospital, where the boy was given first aid before he was transferred to Thanh Hoa Province Children’s Hospital. Doctors performed emergency surgery to amputate the patient’s injured right hand at 10:20 am on the same day as the hand was too badly damaged to … [Read more...] about 9-yo Vietnamese boy loses hand in flashlight explosion
Vietnam's start-up sector is closing the gap with regional leaders Indonesia and Singapore with new investment, according to a Nikkei Asian Review article (Illustrative photo: VNA) Hanoi (VNA) – Vietnam's start-up sector is closing the gap with regional leaders Indonesia and Singapore with new investment, according to a Nikkei Asian Review article. The article cited a joint research by Ho Chi Minh City-based venture capital ESP Capital and Singapore's Cento Ventures which showed start-up investment in Vietnam hit 246 million USD this year through June on 56 deals. It added that investment is expected to top 800 million USD by the end of the year, which would represent a rise of at least 80 percent over last year's 444 million USD. The article said a total of about 5.9 billion USD was invested in Southeast Asian start-ups in the first half of 2019. When it comes to the investments that can be tracked to a destination country, Vietnam accounted for 17 percent of start-up … [Read more...] about Vietnam startups gain on Indonesia, Singapore: Japanese newspaper
Since issuing corporate bonds has become easy thanks to open regulations, it is necessary to tighten control over bond issuance. According to Saigon Securities Incorporated (SSI), VND129.016 trillion worth of corporate bonds were offered to sell in the first eight months of the year and 90.08 percent was sold. VND22.664 trillion, or 61 percent of bonds, were sold to domestic investors. However, it’s unclear who the ‘domestic investors’ are. Meanwhile, bonds cannot sell to individual investors who don’t have deep knowledge about the market. The analysts blamed the hot corporate bond market on the easy requirements stipulated in Decree 163. Hai Linh Anonymous foreign investor buys entire batch of Phu My Hung bonds Phu My Hung Development Corporation has mobilised VND800 billion ($34.78 million) for real estate projects from a "secret" foreign investor through bond sales. Vietnam’s bond market continues growth Vietnam’s … [Read more...] about Is the corporate bond market too hot?