Conversations on Vietnam Development
As Donald Trump walked off the stage in the Rose Garden after announcing the US would withdraw from the Paris climate agreement, one could practically hear the champagne corks popping in Beijing.
Chinese leaders are eager for more influence on the international stage, and Trump’s move opened up another opportunity for China to fill a void left by the US. Tiếp tục đọc “China sees an opportunity to lead as Trump withdraws from Paris. But will it?”
Several companies have announced plans to set up new airlines in Vietnam.
Vietnam Airlines and Viejet Air hold most of the market share in Vietnam
On May 31, the FLC Group announced that they will set up Viet Bamboo Airlines with VND700bn (USD31m) in charter capital. Viet Bamboo Airlines will also invest in the real estate and other sectors. The capital is just enough to allow FLC Group to join both local and international transportation markets with 10 planes. The money will be frozen to prove the investor’s financial capacity. Tiếp tục đọc “Vietnam to have more airlines”
| Soon after the government of Vietnam approved sports betting, investors began plans to pour millions of dollars into projects. |
The Hanoi Police last year discovered two illegal football betting rings worth VND7.6 trillion. That is why analysts believe the Vietnamese betting market may be worth billions of dollars a year.
Oliver Massmann, a lawyer from Duane Morris, said many Vietnamese go abroad to gamble. With the decree, Vietnam will no longer lose millions of dollars to betting companies in neighboring countries. Tiếp tục đọc “VN sports betting market attracts billions of US dollars”
Updated : 05/31/2017 16:00 GMT + 7
Despite being expected to start operating at a profit after three years of operation, the future of a company formed out of the collapse of a beleaguered Vietnamese shipbuilder remains uncertain.
Subsidiaries of the Shipbuilding Industry Corporation (SBIC) continue to incur steep losses, while the company itself is still burdened by heavy debts left by its collapsed precursor Vinashin. Tiếp tục đọc “Fate of Vietnamese shipbuilder, once collapsed, remains uncertain”
Updated : 05/31/2017 19:03 GMT + 7
While most academics would dream of attending Harvard University, Truong Vu Yen Nhi was faced with the dilemma of choosing between several Ivy League schools, including Harvard.
Nhi, a 23-year-old Vietnamese graduate, has received PhD scholarship offers, worth up to US$100,000 a year, from Harvard and seven other top American universities. These include Princeton, Stanford, Brown, University of Michigan, Rutgers, the University of Illinois and Ohio State University.
Choosing only one from among these high-profile institutions was a challenge for Nhi, who earned her B.A in Math with outstanding results from the Massachusetts-based Amherst College. Tiếp tục đọc “Vietnamese graduate rejects Harvard Phd scholarship”
Updated : 06/01/2017 13:26 GMT + 7
The ‘legacy’ of the infamous, and now defunct, state-run Vinashin not only includes a loss-making shipbuilder and its debt-ridden subsidiaries, but also a deserted multimillion-dollar steel in northern Vietnam. Tiếp tục đọc “Photos: Abandoned $145mn steel plant in northern Vietnam”
Updated : 06/01/2017 09:54 GMT + 7
Hanoi and Washington called for refrain from any tension escalation in the East Vietnam Sea, including “the militarization of disputed features,” had “frank and constructive dialogue” to narrow differences on human rights, agreed to promote bilateral trade, and shared concern over ballistic missile tests by North Korea in a joint statement following Vietnamese Prime Minister Nguyen Xuan Phuc’s visit to the White House on May 31.
The Vietnamese premier visited the U.S. at the invitation of President Donald Trump from May 29 to 31.
President Trump hosted PM Phuc in the Oval Office and addressed various issues related to their two countries’ comprehensive relationship.
The U.S. president said he was looking forward to visiting Vietnam and attending the APEC Leaders’ meeting in Da Nang in November this year.
Here is the joint statement by the two leaders after their discussions: Tiếp tục đọc “Joint statement by Vietnam, US after PM Phuc’s visit to White House”
Updated : 06/01/2017 15:00 GMT + 7
A female customer was violently beaten on Wednesday by the owners of a store selling local delicacies in Da Lat City after attempting to return a bottle of mulberry juice she had been tricked into buying.
The victim suffered from flesh injuries and was taken to the hospital for treatment.
Tran Ngoc Bich, 44, was driving her niece around Da Lat on Wednesday when a man on a motorbike approached the pair and invited them to a local mulberry garden where he said they could buy freshly picked mulberries for VND20,000 (US$0.88) per kilogram Tiếp tục đọc “Buyer beaten for returning bottle of juice in Vietnam’s Da Lat”
 |
| People ride bikes and walk to celebrate World No Tobacco Day in Hà Nội. —VNA/VNS Photo Dương Ngọc |
Viet Nam News HÀ NỘI — Việt Nam loses more than VNĐ24.6 trillion (US$1.08 billion) per year on tobacco, accounting for almost 0.97 per cent of its Gross Domestic Product (GDP), a World Health Organisation report said.
This includes medical costs of tobacco-related diseases, reduced productivity due to sick leave or early death. Tiếp tục đọc “VN loses almost 0.97% of GDP on tobacco”
 |
| Deputy Director of Bình Thuận Province’s Police Department Phạm Thật (left) congratulates Huỳnh Văn Nén (in white) for being declared innocent and freed from prison after Nén spent more than 17 years in jail on murder charges. — VNA/VNS Photo Nguyễn Thanh |
HÀ NỘI – The State needs to take responsibility and apologise to people who were wrongfully sentenced, National Assembly deputies said yesterday.
At a session to discuss the draft amended Law on State’s responsibility on Compensation, Nguyễn Khắc Định, vice chairman of the NA Law Committee, presented the report of the NA Standing Committee on amending the draft law. Tiếp tục đọc “State asked to apologise to wrongfully convicted”
Update: June, 01/2017 – 10:45
by Thu Vân
HÀ NỘI – Việt Nam will soon have its own “Wikipedia” page, maybe even more interactive, developed by Vietnamese people for Vietnamese people.
The page is a proactive, interactive effort to spread knowledge and awareness of scientific and technological developments, promoting education resources and sci-tech creativity in the country.
It will be developed under a project called “Development of the Vietnamese digital knowledge system” that has been approved by the Prime Minister. Tiếp tục đọc “VN plans interactive, open-for-all web knowledge base”
VietNamNet Bridge – Uncontrolled rampant sand exploitation is seriously affecting Krong Ana and Krong No, two large rivers in the Central Highlands.
The river current has changed and hundreds of hectares of land have been lost.
Krong Ana (mother river) and Krong No (father river) are important to the economic and cultural life of the people in Dak Lak and Dak Nong. But they are in danger.
The Krong No river section which runs across Krong No district in Dak Nong province, has been a ‘hot spot’ of illegal sand exploitation for many years. Tiếp tục đọc “Sand mining destroying rivers in Central Highlands, causing landslides”
This is a hard, tough and durable wood with no termites, even if it is buried underground. Tay and Nung ethnic minorities like using nghien wood to make columns of houses and floors. Walking on nghien-made floors never produces creaking. Nghien-made chopping boards are favored, because the knife cuts are clean won’t leave debris. Tiếp tục đọc “The last nghien wood kingdom is being destroyed”
VietNamNet Bridge – Billions of dollars have been poured into the stock market within a short time, returning the market to its peak of 10 years ago.
Although records have been beaten, the market is different from the ‘bubble period’ in 2007. In early May, there were more sellers than buyers, a time when many people often buy.
A number of shares have continued rising in price after hitting new records. The VN Index is still on the rise after reaching a 9-year peak. Analysts said it has increased by 11 percent so far this year, or two times higher than the same period of 2016. Tiếp tục đọc “$1 billion within 3 days: stock market records 10-year high”
 |
| An aerial view of Hoàn Kiếm Lake in Hà Nội. The city has instructed that the cleaning project must retain the lake’s distinctive dark green colour. — VNA/VNS Photo |
CVD 