NA discusses $16b Long Thành airport project

vietnamnews

Update: June, 02/2017 – 09:05

A model of Long Thành International Airport. The VNĐ336.7 trillion ($16 billion) Long Thành international airport project was approved by a majority of National Assembly deputies at the 13th National Assembly’s (NA) ninth session in 2015. — Photo Infonet.vn

They discussed land clearance, compensation and resettlement for the airport project after hearing a Government report on separating land clearance, compensation and resettlement tasks as a sub-project of the Long Thành airport project which was announced more than a decade ago. The seperation is expected to accelerate the progress. Tiếp tục đọc “NA discusses $16b Long Thành airport project”

Khánh Hòa: Investors interested in solar power projects

vietnamnews

Update: June, 02/2017 – 18:41

Solar energy projects in Khánh Hòa Province are attracting investors’ interest. — Photo evn.com.vn
Viet Nam News KHÁNH HÒA – Investors have shown interest in the solar energy sector in the central coastal province of Khánh Hòa, with some 10 solar projects applying for investment licences in the province.

Three projects in the field have been approved, according to the provincial Department of Planning and Investment.

One is a 70ha plant in Cam Thịnh Đông Commune, Cam Ranh City, with capacity of 60MW. It is invested by the Sông Giang Hydropower SJC at a total cost of more than VNĐ2 trillion (US$88 million). Tiếp tục đọc “Khánh Hòa: Investors interested in solar power projects”

China sees an opportunity to lead as Trump withdraws from Paris. But will it?

Chinese leaders are eager for more influence on the international stage and the US has created a void it could fill

China’s President Xi Jinping may see advantages to be had with America’s withdrawal from climate change agreements.
China’s President Xi Jinping may see advantages to be had with America’s withdrawal from climate change agreements. Photograph: JASON LEE / REUTERS / POOL/EPA

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?”

Vietnam to have more airlines

vietnamnet

Several companies have announced plans to set up new airlines in Vietnam.

Vietnam to have more airlines, vietnam economy, business news, vn news, vietnamnet bridge, english news, Vietnam news, news Vietnam, vietnamnet news, vn news, Vietnam net news, Vietnam latest news, Vietnam breaking news

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”

VN sports betting market attracts billions of US dollars

Last update 08:00 | 03/04/2017
VietNamNet Bridge – Soon after the government of Vietnam approved sports betting, investors began plans to pour millions of dollars into projects. vietnam economy, business news, vn news, vietnamnet bridge, english news, Vietnam news, news Vietnam, vietnamnet news, vn news, Vietnam net news, Vietnam latest news, Vietnam breaking news, betting, casino, MOF

The government’s Decree 06 allowing Vietnamese nationals to bet on horse and dog races as well as international football has been compared to ‘an arrow aimed at many different goals’. It promotes the dynamism of the economy, creates entertainment models, and eases ‘foreign currency bleeding’ across border gates.There are no official statistics about the amount of foreign currency flowing into international betting companies from Vietnam, but analysts say it is a huge amount.

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”

Fate of Vietnamese shipbuilder, once collapsed, remains uncertain

TUOI TRE NEWS

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”

Vietnamese graduate rejects Harvard Phd scholarship

TUOI TRE NEWS

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”

Joint statement by Vietnam, US after PM Phuc’s visit to White House

Tuoi Tre News

Updated : 06/01/2017 09:54 GMT + 7

U.S. President Donald Trump (R) welcomes Vietnam’s Prime Minister Nguyen Xuan Phuc at the White House in Washington, U.S. May 31, 2017.
Reuters

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”

Buyer beaten for returning bottle of juice in Vietnam’s Da Lat

TUOI TRE NEWS

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”

VN loses almost 0.97% of GDP on tobacco

vietnamnews

Update: May, 31/2017 – 17:44

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”

State asked to apologise to wrongfully convicted

vietnamnews

Update: June, 01/2017 – 10:56

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”

VN plans interactive, open-for-all web knowledge base

vietnamnews

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”

Sand mining destroying rivers in Central Highlands, causing landslides

Last update 08:10 | 01/06/2017

VietNamNet Bridge – Uncontrolled rampant sand exploitation is seriously affecting Krong Ana and Krong No, two large rivers in the Central Highlands. 

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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”

The last nghien wood kingdom is being destroyed

Last update 07:30 | 03/04/2017
VietNamNet Bridge – The nghien (excentrodendron tonkinense) kingdom growing on the rocky mountains in Ha Giang and Tuyen Quang is getting smaller because of illegal logging. 

vietnam economy, business news, vn news, vietnamnet bridge, english news, Vietnam news, news Vietnam, vietnamnet news, vn news, Vietnam net news, Vietnam latest news, Vietnam breaking news, illegal logging, SUF, Son Tra

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”