Social News 22/1

 Work begins on Truc Lam Zen monastery in Dong Thap, Dong A College, Japanese company sign training deal, Red Cross sets up Foodbank VN to feed indigents, 28 Vietnamese scholars heading to New Zealand to study in 2018

Facebook to use surveys to boost ‘trustworthy’ news

 Facebook has announced it will prioritise news sources deemed to be more trustworthy on its News Feed.

Tuong Linh in top 10 favourites at Miss Intercontinental 2017

Vietnamese representative Tuong Linh has been selected among the top 10 most popular candidates at the Miss Intercontinental 2017 pageant which is underway in Egypt.

Illegal gold mine tunnel found, 5 arrested

An illegal gold mine tunnel was found on Sunday by the Central Highland province of Kon Tum Department of Natural Resources and Environment and the provincial environmental police.

Demand for beef up in Vietnam

 Vietnam paid 410 million USD for imported beef last year due to increasing demand, according to the Ministry of Agriculture and Rural Development.

Vietnam, Mongolia look towards deeper relations

 National Assembly Chairwoman Nguyen Thi Kim Ngan and her Mongolian counterpart Miyegombo Enkhbold have agreed to promote bilateral exchanges and cooperation in politics and security-defence, towards further deepening bilateral ties. 

Saigon Heat at fifth place after ABL loss

 VietNamNet Bridge – Saigon Heat failed to make it to the top three at the ASEAN Basketball League (ABL), after losing their second straight match on Sunday in HCM City.

Association proposes stopping temporary import of sugar

The Vietnam Sugar and Sugarcane Association has proposed to the PM not to allow an extension for temporary sugar imports for re-export as the sweet industry was struggling with high stockpiles and slumping prices due to illegally imported sugar.

Local banks under great pressure to hike capital

 At a recent meeting Vietinbank chairman Nguyen Van Thang said increasing the lender’s legal capital is one of the most urgent tasks.

Brazil declares yellow fever emergency in Minas Gerais

 Brazil's south-eastern state of Minas Gerais has declared a public health emergency following a deadly outbreak of yellow fever.

Concerns raised over new margin lending policy

 The State Securities Commission (SSC) has issued a draft regulation requiring the initial margin ratio contracted by securities companies for margin lending to be at least 60 per cent, which is expected to take effect in early February.

Vietnamese designer opens fashion show in Paris

 Designer Do Trinh Hoai Nam will open Fashion Glam Couture show at Paris Fashion Week’s Haute Couture on January 23 at Town Hall in the 7th arrondissement. 

The photo "Hidden Smile" of Vietnamese 70-year-old boat rower has been sold for US$30,000 at an auction, said the author of the picture, French photographer Réhahn Croquevielle.

'World's richest 1% get 82% of the wealth', says Oxfam

 The gap between the super rich and the rest of the world widened last year as wealth continued to be owned by a small minority, Oxfam has claimed.

GDP growth rate for 2017 questioned by experts

The 6.81 percent GDP growth rate in 2017 has been announced by GSO (General Statistics Office), the only agency in Vietnam in charge of providing official statistics. However, leading experts question the figure.

Tet gifts presented to offshore soldiers

 Two naval ships left the coastal city of Vung Tau, Ba Ria-Vung Tau province on January 21, carrying missions to visit and present gifts to the officials and soldiers on duty at the marine defence platform DK1.

Largest sunflower valley in Vietnam magnetised tourists

 With the Lunar New Year coming in less than a month, Vietnam's largest valley of sunflowers in the central province of Nghe An has been drawing in nature-lovers, especially young with a flare for botanical photography.

Folk art becomes top fashion

Contemplating paintings on a wall goes back to neolithic times, but wearing art on items of clothing is a new experience for wearer and watcher in Vietnam. Today, many young artists share a passion for folk paintings

Tan Son Nhat Airport braces for Tet overload

 VietNamNet Bridge – The country’s busiest airport, Tan Son Nhat in HCM City, has taken measures to cope with overload inside as well as on roads outside during Tet (the Lunar New Year) next month.

Banks expect higher profits from retail banking services

 Banks are investing significantly in retail banking services instead of only focusing on corporate lending in the hope of gaining higher profits from the potential segment this year.

VN “King of pangasius” suffers heavy loss

Hung Vuong Joint Stock Company (HVG)’s consolidated audit statement for the fiscal year 2016-2017 has reported a negative after-tax profit of VND705 billion ($31 million) instead of the VND63 billion ($2.8 million) self-reported profit figure. 

Vinacomin violations to be investigated

 The Government Office has just announced the directions of Standing Deputy Prime Minister Truong Hoa Binh on the inspection conclusions of Vietnam National Coal and Mineral Industries Holding (Vinacomin) and subsidiaries. 

Vietnam U23 prepare to take on Qatar in semi-finals

Vietnam U23’s head coach Park Hang-seo has admitted that his players were completely exhausted after three difficult matches in the group stage with the Republic of Korea, Australia and Syria. 

Brisk trade in Hung Yen bonsai kumquat trees as Tet nears

Van Giang district in the northern province of Hung Yen is the biggest bonsai kumquat garden in northern Vietnam, spanning an area of 300 ha.

Vietnam has potential to become the next BPO giant

 Business process outsourcing (BPO) is believed to be one of the five sectors with the greatest potential for growth and investment in Vietnam in the near future.