VN Basketball League: Cantho Catfish beat Hanoi BuffaloesCantho Catfish beat host Hanoi Buffaloes in a dramatic 77-75 victory on Tuesday at the Viet Nam Basketball Association League. Nguyen Phu Hoang of Hanoi Buffaloes (left) and Nguyen Hoang Tu of Cantho Catfish during their VBA match on Tuesday. It was the second straight win for the southern region’s representatives against their rival on the Buffaloes’ home turf. The Catfish reached a high score in the first two quarters of the match, helping them win 26-21 and 45-38, respectively. Other players such as Sang Dinh (11 points), Tam Dinh (10) and Nguyen Hoang Tu (five) also contributed to maintain Catfish’s leading position.
October 18, 2017 10:30 UTC
International cable lines to be fixed next weekInternet submarine cables linked to Viet Nam will be fixed on October 24, said the Viet Nam Posts and Telecommunication Group, one of the largest Vietnamese internet providers. International cable lines AAG and SMW3 will be fixed next week, VNPT reports. — Photo dantri.com.vnThe international undersea cable, AAG, broke down on October 12, slowing down the internet speed nationwide. Earlier, on October 10, another undersea cable line, SMW3, also faced the same problem, severely disrupting the internet connection from Việt Nam to other countries. The SMW3 cable line had developed problems in the sea area near China, VNPT said.
October 18, 2017 10:18 UTC
VN player advances to world junior championship’s fourth roundVu Thi Anh Thu of Viet Nam advanced to the fourth round of the World Junior Badminton Championships’ women’s singles, ongoing in Indonesia. Vu Thi Anh Thu of Viet Nam competes at the World Junior Badminton Championships’ women’s singles, ongoing in Indonesia. Thu then beat Clara Lassaux from Belgium 21-14, 21-12 in the second round. In the men’s singles, Le Thanh Lam of Viet Nam was eliminated from the second round and Nguyen Hai Dang was out after the third round. Lam and Nguyen Xuan Manh competed in the men’s doubles but they could win only one match before they lost in the second round.
October 18, 2017 10:18 UTC
Vietnam-US defence dialogue takes place in Washington DCDeputy Defence Minister Sen. Lieut. Gen. Nguyen Chi Vinh and Deputy Assistant Secretary of Defence for South and Southeast Asia of the US Dr. Joseph Felter co-chaired the Vietnam-US defence policy dialogue 2017 in Washington D.C on October 17. For his part, Dr. Felter said that the US agrees with Vietnam’s proposals on cooperation in coast guard, military medicine, peacekeeping, and dioxin detoxification. Following the dialogue, general Vinh and Dr. Felter witnessed the signing of a memorandum of understanding between the Vietnam's Institute for Defence Strategy and the US-based Asia-Pacific Centre for Security Studies. Meanwhile Dr. Felter gave Vinh personal belongings of a Vietnamese soldier died during the war with hope that he will bring it to the martyrs’ family.
October 18, 2017 09:56 UTC
Over 170 foreigners to join yacht race to VietnamMore than 170 foreign professional athletes and entrepreneurs will take part in a yacht race from Hong Kong to Vietnam’s Nha Trang City slated for October 18 to 25. According to a document issued by the Government Office, Deputy Prime Minister Vu Duc Dam has approved the international yacht race named Volvo Hong Kong to Vietnam Race 2017. The 673-nautical-mile race will be jointly held by Saigontourist Travel Service Company and the Royal Hong Kong Yacht Club. According to Saigontourist, 14 boats participating in the race will depart from Hong Kong on October 18 and arrive in Nha Trang two days later. Since 2014, the biennial race has been organized to promote sea tourism and investment in Khanh Hoa Province and Vietnam as a whole.
October 18, 2017 09:45 UTC
McDonald's South Korea office raided in burger probe: reportsSouth Korean investigators raided the Seoul office of McDonald’s Corp on Wednesday, following a series of complaints that children fell ill after eating hamburger patties alleged to have been undercooked, Yonhap News Agency and other media said. The Seoul central district prosecutors’ office confiscated some documents and evidence at the office and three other companies, including an ingredient supplier, the reports said. Complaints were also filed by parents of four more children who became sick after eating McDonald’s burgers. At the time, McDonald’s said it was cooperating with an investigation by the South Korean government into the possible food contamination case. Last year, talks to sell McDonald’s South Korean business to domestic firm KG Chemical Corporation collapsed over “a large difference of opinion”.
Indonesian naval ships visit HCM CityTwo Indonesian naval Sigma-class corvette vessels docked at the Ho Chi Minh City international port on October 18, starting a four-day visit to the southern economic hub. Indonesian and Vietnamese officers pose for a photo next to one of the visiting naval ship (Photo: nld.com.vn)Aboard the two ships – KRI Sultan Hasanuddin-366 and KRI Sultan Iskandar Muda-367 – are 181 crew members, led by Lieutenant Colonel Sunmarji Minoaji. The visit aims to boost naval cooperation between the Vietnamese and Indonesian armies as well as the navies in particular, contributing to the two countries’ strategic partnership. While in HCM City, the Indonesian delegation will visit the municipal People’s Committee, as well as High Commands of Military Region 7 and Naval Zone 2. They will also take part in sport activities and exchanges with young Vietnamese naval officers.
Snap and NBCUniversal launch studio to produce shows for SnapchatSnap Inc, parent company of messaging and video app Snapchat, and NBCUniversal launched a joint venture studio on Tuesday to produce scripted shows and other genres to air on Snapchat. NBCUniversal, part of Comcast Corp, made a $500 million investment in Snap as part of the company’s initial public offering in March. Lauren Anderson, previously senior vice president of primetime programming at NBC who oversaw the hit shows “The Office” and “Parks and Recreation,” will be chief content officer of the new studio, the companies said. The companies said NBC Sports will continue a partnership with Snapchat and Buzzfeed to create videos on Discover during the 2018 Winter Olympics in South Korea. The partnership’s previous Snapchat videos during the 2016 Summer Olympics in Rio de Janeiro garnered more than 2 billion views.
However, experts said that, though gaining some initial achievements, the Japanese giant would find it difficult to squeeze into the petroleum retail market controlled by Vietnamese companies. According to Ban Viet Securities, the typical characteristic of the petroleum distribution sector is that enterprises with large networks of retail points win the competition. Vietnam has 14,000 filling stations in the country, of which 11,000 are run by sales agents and 3,000 owned by general agents or distributors. In the first six months of 2017, Petrolimex opened 36 filling stations. RELATED NEWSJapanese investor jumps into lucrative petrol retail marketHow high is the petroleum consumption in Vietnam?
October 18, 2017 09:00 UTC
Landlords unfazed by higher supplyDespite predictions of falling prices in the buy-to-let housing segments in Hanoi and Ho Chi Minh City due to increased supply, as of now the segment remains one of the most profitable for investors. The report said that Hanoi and Ho Chi Minh City are leading Southeast Asia in real estate leasing yield. The number reached 7.4 per cent in Hanoi and 5.8 per cent in Ho Chi Minh City. The lease for the same unit in the centre of Ho Chi Minh City could be twice as expensive. Duc went on to say that even though housing prices in general are higher in Hanoi than in Ho Chi Minh City, yield is smaller.
October 18, 2017 09:00 UTC
Vietnamese model appears on Vogue fashion magazineVietnamese model Phi Phuong Anh has been listed among The Best Street Style from Seoul Fashion Week Spring ’18 on the US’s Vogue fashion magazine. Phi Phuong AnhShe left good impression on spectators when she wore a unique white dress by designer Nguyen Cong Tri, with lace hat, transparent boots and a Gabrielle handbag of Chanel brand. Other Vietnamese model, Huu Anh has also been named among the list. Seoul Fashion Week is taking place in the Republic of Korea (ROK) on October 16-21. Many Vietnamese celebrities including Hoang Ku, Mach Huy, Kye Nguyen, Diem My and Ninh Duong Lan Ngoc join the event.
October 18, 2017 08:26 UTC
Vietnamese universities remain in Asia top 150Vietnam National University, Hanoi has maintained its 139th ranking and Vietnam National University, HCM City climbed five places to 142nd in the QS Asia University Rankings 2018. Vietnam National University, HanoiThis year Asia University Rankings contains 400 universities up on the previous 350. Vietnam National University, Hanoi remained at 139th while Vietnam National University, HCM City jumped from 147th to 142nd. According to QS University Rankings, Vietnam National University, Hanoi was among the top 1.2% of 11,900 educational facilities from 17 Asian countries. Nguyen Huu Duc, deputy director of Vietnam National University, Hanoi, said top Vietnamese universities had met many criteria in Asia's top 400 universities.
October 18, 2017 08:15 UTC
Deputy PM urges equitisation of Vinafood 2Deputy Prime Minister Vuong Dinh Hue, has requested the Ministry of Agriculture and Rural Development (MARD) and the Ministry of Finance (MoF) to carry out the equitisation of Viet Nam Southern Food Corporation (Vinafood 2) in accordance with the approved scheme. By the end of 2016, Vinafood 2’s accumulated loss stood at VND798 billion. — Photo cafef.vnThis is part of the Deputy PM’s written statement on financial supervision of Vinafood 2 that was sent to the two ministries recently. The report will be submitted to the Prime Minister in the first quarter of 2018. By the end of 2016, Vinafood 2’s accumulated loss stood at VND798 billion.
Risks involved in interest cutThe current interest rate levels have been deemed appropriate for the time being, according to experts, and any attempt to further cut rates could impose unnecessary risks to Vietnam’s overall macro-economic stability in the medium term. Risks are weighted as far as downside amid a manageable inflationary environment and calls by the government for a higher credit growth rate of 21-22% for 2017, according to BMI Research, a subsidiary of Fitch Group. “Unfortunately, the drop in interbank rates that resulted from excess liquidity in the banks only drove bond yields lower, not the interest rates banks charge their customers,” he said. “Vietnam’s lending rates are actually not too high compared to regional lending rates. Lending rates, on the other hand, have been adjusted down by 0.5-1%, sitting at 4-5% per year.
Romantic Bollywood blockbuster in HanoiA romantic Bollywood film will be screened for free on Friday in Hanoi to promote Indian culture. A scene from Tanu Weds Manu that will be screened for free in Hanoi. — Photo courtesy of the Indian Culture CentreDirected by Anand L Rai, the film Tanu Weds Manu (2011) was a blockbuster in Indian cinemas. She does not want an arranged marriage with Manu because she is in love with Raja (Jimmy Shergill), a classic love triangle with many twists and turns. The screening will take place at the Indian Cultural Centre, 63 Tran Hung Dao Street, Hanoi at 6pm.