Foreign motorbike thieves arrested

Foreign motorbike thieves arrestedVietNamNet Bridge – Two foreigners, Ravi Barkash, 27, an Indian national, and Moon Atfri, 31, from America, were recently arrested and charged with stealing a motorbike, said the HCM City’s police on Saturday. Ravi Barkash (left) and Moon Atfri were arrested for stealing a motorbike from a taxi driver. — Photo anninhthudo.vnPolice report that at about midnight on March 21, Grabbike motorbike taxi driver L.Đ.T, 31, a resident of Nha Be District, received a service request on his smartphone. T drove to the Vuon Thu Gian restaurant in the district’s Nguyen Huu Tho Street, where he saw two foreign men standing beside a Nouvo motorbike in front of the restaurant. Police said Ravi Barkash had stolen the motorbike.

March 27, 2017 03:56 UTC

Minh defends Vietnam Challenge title

Minh defends Vietnam Challenge titleVietNamNet Bridge – Nguyen Tien Minh defended his tennis title at the CIPUTRA HANOI - YONEX SUNRISE Vietnam International Challenge, which closed in Ha Noi yesterday. Viet Nam’s Nguyen Tien Minh defended his tennis title at the Vietnam International Challenge, which closed in Ha Noi yesterday. This was the second time that Minh beat Phetpradab, after he won 21-9, 21-10 at the Yonex Chinese Taipei Open in 2013. The men’s doubles title went to Indian Satwiksairaj Rankireddy and Chirag Shetty. The women’s doubles gold was earned by Japanese Erina Honda and Nozomi Shimizu, while the mixed doubles crown went to China’s Shi Longfei and Tang Pingyang.

March 27, 2017 03:45 UTC

AmCham gala spotlights VN-US relations

The US is the seventh largest investor in Việt Nam with a total investment of over US$11 billion. He hoped the US enterprises will continue joining hands with Việt Nam to boost the win-win cooperation in the coming time. He noted that Việt Nam has recorded positive growth in 2016 with the establishment of over 110,000 businesses. Vietnamese leaders have invited US President Donald Trump to attend the APEC Economic Leader’s Meeting and pay an official visit to Việt Nam, Huệ said. Speaking at the event, US Ambassador to Việt Nam, Ted Osius, acknowledged recent reforms undertaken by the Vietnamese Government.

March 27, 2017 02:48 UTC

Logistics firms told to cut costs

HÀ NỘI — Cutting transportation costs will be vital to enhancing the competitiveness of the logistics industry, the Việt Nam Logistics Business Association has said. Currently, Vietnamese logistics costs are equivalent to roughly 21 per cent to the gross domestic product (GDP), compared to the ratios of just 9-14 per cent in developed economies. There were more than 1,300 logistics firms operating in Việt Nam, 20 per cent of which were foreign firms but held a market share of 80 per cent. The Prime Minister on February issued Decision 200/QĐ-TTg to boost competitiveness of Việt Nam’s logistics service by 2025, under which, logistics will become an important service sector to the economy. Experts say that improving the connectivity of logistics infrastructure as well as capacity of local logistics service providers are important steps toward boosting the industry’s development.

March 27, 2017 02:48 UTC

S.Korea prosecutors to seek arrest of ex-president Park

SEOUL — Prosecutors in South Korea will seek an arrest warrant for ousted president Park Geun-hye, they said on Monday, days after questioning her over the corruption and abuse of power scandal that brought her down. The former president is accused of multiple offences including bribery, leaking government information, and abuse of power in the scandal. These are grave issues," the prosecutors said in a statement. Her secret confidante and alleged accomplice Choi Soon-sil is already on trial, and prosecutors said it would be "counter to the principle of fairness" if Park was not arrested. The statement did not make explicitly clear whether they had already applied to the Seoul Central District for an arrest warrant.

March 27, 2017 02:48 UTC

Earth Hour helps save power

HÀ NỘI - Việt Nam saved 471,000 kilowatt-hours (kWh) of electricity, equivalent to VNĐ764 million (US$33,616) when people nationwide responded to Earth Hour by switching off unnecessary electrical devices, according to the National Load Dispatch Centre under national power utility Electricity of Việt Nam (EVN). This year’s figures represented a slight increase against the 451,000 kWh of electricity saved in the previous year. The Earth Hour campaign is one of several activities taken by the Vietnamese Government and people towards reducing eight percent of the nation’s greenhouse gas emissions by 2030. The launching ceremony of Earth Hour 2017 was held at the Hà Nội University of Technology on Saturday, drawing students from other universities and colleges of the city. Many activities were held in localities across the country throughout March, especially in major cities like Hà Nội, Đà Nẵng, Cần Thơ and HCM City.

March 27, 2017 02:37 UTC

Businesses advised not to view digital media as panacea

Businesses advised not to view digital media as panaceaVietNamNet Bridge - Evidence shows that communication and marketing via digital media is becoming a growing tendency in the era of the internet and mobile phone boom. The survey found that people still like watching TV at the real time of broadcast, though they have internet TV. Mai said people and businesses are spending big money on digital marketing, but the effects of the campaigns remain questionable. In related news, US digital media and multimedia giant the Thoughtful Media Advertising Co. opened an office in Vietnam on February 16. RELATED NEWSAmong media, TV is still on topTraditional media left behindKim Chi

March 27, 2017 02:15 UTC

The green economy needs the right kind of FDI: gov't

The green economy needs the right kind of FDI: gov'tVietNamNet Bridge - Vietnam is determined not to sacrifice the environment in exchange for foreign direct investment (FDI). The cement industry has developed rapidly in the last few decades since Vietnam shifted to a market economy. The cement capacity has soared from several millions tons in 1991 to 80 million in 2016, according to the Vietnam Cement Association. The figure is expected to increase to 100 million tons by 2020, though operating plants and plants under construction alone can provide enough cement by that time. Mai thinks the cement production capacity should not be more than 100 million tons per annum, and that Vietnam should not attract more FDI into the field.

March 27, 2017 01:52 UTC

University students rush to start up businesses, but many fail

University students rush to start up businesses, but many failVietNamNet Bridge - So many university students have rushed to start up their businesses that some analysts have warned that the startup movement has created a generation of students who do not understand the need for preparation and hard work. So many university students have rushed to start up their businesses that some analysts have warned that the startup movement has created a generation of students who do not understand the need for preparation and hard work. “If you plan to start up a business, you need to learn about the market thoroughly first. “It is easy to set up businesses now, but it is difficult to run the businesses and make profit with the businesses,” he said. An analyst said he knows a university student who wants to run a sandwich shop, but he cannot get up before 7 am.

March 27, 2017 01:41 UTC

Vietnamese struggle to sell products at foreign-invested supermarkets

Vietnamese manufacturers are trying to display their products at foreign-invested supermarket chains, which have become familiar shopping destinations for urbanites. “The required high discount rates will force Vietnamese enterprises to seek profits from other distribution channels and accept losses when selling products via foreign-invested supermarkets,” Lam said. “This will help foreign-invested supermarkets reduce the selling prices of goods to compete with Vietnamese owned supermarkets,” she added. “If Vietnamese-owned supermarkets do not develop, Vietnamese enterprises will suffer.”Reports showed that foreign invested supermarkets now hold the upper hand in the home retail market. In 2015, foreign invested supermarkets held 58 percent of the market share, while Vietnamese held over 40 percent.

March 27, 2017 01:41 UTC

Trump to roll back Obama clean power plan

Speaking on ABC’s Sunday talk show "This Week", Environmental Protection Agency Administrator Scott Pruitt said rolling back Obama’s 2015 Clean Power Plan would bring back coal jobs. "So this is a promise (Trump) is keeping to the American people to say that we can put people back to work." "For too long over the last several years, we have accepted a narrative that if you’re pro-growth, pro-jobs, you’re anti-environment," he added, accusing the Obama administration of making "efforts to kill jobs across this country through the clean power plan." Supporters of the Clean Power Plan say it would help create thousands of clean-energy jobs. Trump’s action comes as the Clean Power Plan rule has been on hold since last year while a federal appeals court considers a challenge by coal-friendly Republican-governed states and more than 100 companies.

March 27, 2017 00:33 UTC

Hanoi Buffaloes finish third at Thai super league

HÀ NỘI — The Hanoi Buffaloes sunk Madgoat to place third at the Thailand Basketball Super League yesterday in Bangkok. The Buffaloes came from behind to defeat Madgoat 94-87 in the third-place play-off match’s second leg. Earlier on Saturday in the first leg of the match, the Buffaloes also won 86-76. In their first leg match on Saturday, Mono Thew, who defeated the Buffaloes 3-2 in the semi-finals, won 139-134. In the first match, Singapore Slingers will welcome Alab Pilipinas on their home turf of OCBC Arena on April 2.

March 26, 2017 23:15 UTC

Falling Red River water levels hurting VN agriculture

Falling Red River water levels hurting VN agricultureThe average water level of many parts of the Red River has remarkably reduced in recent years, badly affecting agricultural production and the living conditions of residents in the northern lowland and midland areas. Lower water levels have not only deprived farmlands but also caused problems with waterway transport. Meanwhile, around 33 million cu.m of sand is exploited each year, lowering the river-bed and decreasing the water level. Deputy Minister of Agriculture and Rural Development Hoàng Văn Thắng said the reduction of the water level of Red river over the past years badly affected agricultural production and daily activities of residents. Irrigation works, pumping stations and dam systems in Hanoi no longer meet the current situation of the Red river.

March 26, 2017 18:28 UTC

HCM City launches Internet of Things startup competition

HCM City launches Internet of Things startup competitionThe Saigon Hi-Tech Park (SHTP) launched the 2017 Internet of Things Startup Competition (IoT Startup 2017) on March 25. HCM City launches Internet of Things startup competitionThe competition, the second of its kind, will be held in four places, namely Hanoi, Da Nang, HCM city and Can Tho City, from April to October, 2017. The IoT Startup 2017, with the theme “Connected Devices” called on registrations in numerous fields, including smart city, house automation, energy saving, smart agriculture, security and health. The prize pool of the competition is worth 100 million VND (4,400 USD), with a half of the amount goes to the first prize winner. In 2016, the competition lured the participation of over 400 developers with 70 projects.

March 26, 2017 16:52 UTC

OPEC, non-OPEC to look at extending oil-output cut by six months

OPEC, non-OPEC to look at extending oil-output cut by six monthsA joint committee of ministers from OPEC and non-OPEC oil producers has agreed to review whether a global pact to limit supplies should be extended by six months, it said in a statement on Sunday. The December accord, aimed at supporting the oil market, has lifted crude LCOc1 to more than $50 a barrel. But the price gain has encouraged U.S. shale oil producers, which are not part of the pact, to boost output. It asked the OPEC Secretariat to review oil market conditions and come back with recommendations in April regarding an extension of the agreement. Compliance with the supply-cut deal was 94 percent in February among OPEC and non-OPEC oil producers combined, Russia's Novak said.

March 26, 2017 15:33 UTC

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