Dollar loses altitude, Asia shares at 11-week topThe U.S. dollar nursed widespread losses on Thursday after President-elect Donald Trump's long-awaited news briefing provided scant clarity on future fiscal policies, disappointing bulls wagering on major stimulus. It was enough to help MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS climb 0.8 percent to its highest since late October. Going the other way, Japan's Nikkei .N225 slipped 0.9 percent as the yen climbed on a retreating dollar. Wednesday's session was especially volatile with the dollar rallying hard into the Trump event, only to recoil at his vagueness on policy. [USD/]The dollar index was nursing a grudge at 101.520 .DXY on Thursday, having been as high as 102.950 at one stage overnight.
Investor Warren Buffett's life is chronicled in HBO movie"I like numbers," Warren Buffett says in an upcoming HBO documentary about his life. File photo: Warren Buffett, chairman and CEO of Berkshire Hathaway, speaks at the Fortune's Most Powerful Women's Summit in Washington, DC, U.S. on October 13, 2015. That life is now the subject of "Becoming Warren Buffett," which is being previewed for journalists this week ahead of its Jan. 30 airing on Time Warner Inc's HBO. Buffett's second wife Astrid, who he married on his 76th birthday, was not interviewed for the film. The film shows Buffett's preference for a buy-and-hold style of investing in "wonderful companies at fair prices," not fair companies at wonderful prices.
Vietnam's insurance market posts robust growth in 2016VietNamNet Bridge – Vietnam’s insurance market registered robust growth last year with the life insurance segment gaining the strongest growth in 10 years, insurers and management agencies said. Vietnam’s insurance market registered robust growth last year -Last year saw the insurance sector attaining total revenues of some VND102 trillion, including insurance premiums of roughly VND86.05 trillion (up 22.74%) and incomes of VND15.7 trillion from investment activities, according to Pham Thu Phuong, deputy head of the Insurance Supervisory Authority under the Ministry of Finance. Notably, life insurance premiums shot up 30.5%, a record high in years, and non-life insurance premiums climbed 12.5%. Nguyen Quang Hung, deputy general director of Bao Viet Insurance Corporation, said given bright macro-economic prospects, the insurance market is forecast to achieve double-digit growth in 2017. Paul Nguyen, chief executive officer (CEO) of Manulife Vietnam, said this year would see a strong development of potential products like voluntary pension insurance, health insurance and investment-linked insurance.
Hanoi to add seven more bus rapid transit routes by 2030VietNamNet Bridge – Seven more bus rapid transit (BRT) routes will be launched in Hanoi over the next 13 years in order to realise the target of eight BRT routes as set-out in the capital city’s master plan on transport until 2030. Hanoi's first BRT route connects Kim Ma and Yen Nghia bus station. Earlier on December 31, 2016, the first BRT route in the country, located in Hanoi, was officially put into operation connecting Kim Ma and Yen Nghia bus stations. The figure is expected to rise in the future as BRT buses are connected with other routes, he said. Hanoi is planning to open the second BRT route from Kim Ma bus station to Hoa Lac.
Hanoi traffic suffers in wet weatherHanoi has suffered from increased traffic jams at peak hours due to bad weather. Hanoi has experienced colder weather with the temperature falling to 14 degrees Celsius. Hanoi’s population has reached nearly 10 million people, but private vehicles remain the major means of transport in the city. However, the express bus service is also as slower than ordinary buses because of traffic jams at peak hours. Some photos of the serious traffic jams on some streets including Xa Dan, Tay Son, Thai Ha, and Le Van Luong on Wednesday afternoon and early Thursday morning:Many streets in Hanoi faced traffic jams at the peak hour on January 11 afternoon Hanoi streets this morning, January 12DtinewsMany streets in Hanoi faced traffic jams at the peak hour on January 11 afternoon Hanoi streets this morning, January 12
Leading airlines reject Deputy Minister's proposal to reduce Tet airfaresDeputy Minister of Transport Le Dinh Tho yesterday required airlines to reduce airfares for passengers especially those travelling to central provinces in the upcoming Tet holidays. The deputy minister put the requirement on table at a meeting with Tan Son Nhat International Airport and relevant agencies in HCMC on January 11. An aircraft of Vietnam Airlines at Tan Son Nhat AirportHowever, Vietnam Airlines’ representative said that the airfare reduction must be planned soon. The company will build a plan to reduce the fares for passengers during off-hours in the next year Tet festival. Vietjet Air representative affirmed they can reduce 15-25 percent of ticket prices for night flights to central provinces in the Tet.
Vietnamese sport towards 2017: Renew the “old path”After a fruitful 2016, Vietnamese sport is stepping into the year of 2017 with an “old and new” problem namely the Southeast Asian (SEA) Games. However, at this moment, Vietnamese sport demonstrated a strong transformation, which could even be considered a win against itself, immediately in its perception of the Games. After a long time of struggling, the sports sector has finally defined the right position of the SEA Games just as a stepping stone for the two key goals, the Asian Games and the Olympic Games. The slogan of “surpassing the SEA Games, approaching the Asian level and strongly breaking into the Olympic arena” will no longer be a vague one any more. With the examples of success for Vietnam such as shooter Hoang Xuan Vinh or swimmer Nguyen Thi Anh Vien, there is no doubt about Vietnamese sport’s ability to “renew the old path”.
Artist to share philosophy behind Tet altarThe Hanoi Culture Space will host a roundtable discussion with painter and antique collector Nguyen Manh Duc on January 13. An image of Vietnamese altar. In different regions, there are some differences on the altar offerings as well. The event is among the monthly cultural series organised by the Hanoi Culture Space aiming to revive traditional values of the local culture. The Hanoi Culture Space is part of the Dong Lac Communal House, 38 Hang Dao street.
“I think that’s a sign of how significant he was.”His name was Vo Quy, and he died on January 10 in Hanoi at 87. Dr. Quy’s two-volume study, “The Birds of Vietnam,” remains a classic in the field, Professor McElwee said. Toward the end of his career, Dr. Quy hosted a popular show about the environment on the state-run Vietnam Television. Dr. Quy’s influence on Vietnamese environmental policy was partly a product of his connections in the ruling Communist Party. Officials there were initially skeptical of “having an American running around,” she said, and allowed the project to go ahead only after Dr. Quy intervened.
Illegal tourism construction: Two Dak Lak officers warnedVietNamNet Bridge – Two commune land officers in Buon Ma Thuot City in the Central Highlands province of Dak Lak have received a disciplinary warning over their involvement in the illegal construction of the Doi Thong Tourism Area, the Giao Thong (Transport) newspaper reported. The Doi Thong Tourism Area is illegally built on farming land since the year 2000 in Central Highland City of Buon Ma Thuot. While working as commune land officers, Xuan and Bac “lacked responsibility in overseeing and managing construction works and failed to timely consult relevant agencies to address illegal construction”. The investors were fined for the illegal construction. However, until last month, Dak Lak allowed the tourism area to remain operation because it was in line with the province’s tourism development plan until 2020 with vision to 2030.
Ministry of Health withdraws mandatory blood donation in draft lawVietNamNet Bridge – The Ministry of Health announced to withdraw mandatory blood donation in the Draft Law on Blood and Sterm Cells after the public have raised concern over the issue since the draft was sent to the Ministry of Justice for appraisement. Yet after hearing controversial debates, in its dispatch on January 9, the Ministry of Health decided blood donation is voluntary. The draft has stirred the public concerns whether blood donation is mandatory or voluntary. Governments in the world issued blood donation law and voluntary blood donation-related regulations which ensure to have enough blood for treatment. related news Blood donation events to be held in 25 provinces, citiesSGGP
Low-cost carriers cut airfares, compete for passengersVietNamNet Bridge - Vietnam’s Jetstar Pacific and Vietjet Air were among the fastest-growing air carriers in SE Asia in 2015. Vietnam Airlines bought a 70 percent stake in Jetstar Pacific in 2012 (the remaining 30 percent is being held by Qantas). While Vietjet succeeds with the policy on launching cheap tickets at noon every day, Jetstar offers low-cost tickets at 11 am. However, the campaign was not successful.The current program run by Jetstar Pacific is more professional. It has diverse airfares, and has been expanding the fleet and air routes.Jetstar now has flights to/from 16 domestic airports, while VIetjet 18, which means Vietjet Air has more diversified routes.
The center has commercialized a part of its scientific research, but it has to ‘spend too much energy on works that it is not good at’. Science and technology topics were discussed at a meeting between Minister of Science & Technology Chu Ngoc Anh and leading Vietnamese scientists in late December 2016.Prof Dao Tien Khoa from the Nuclear Engineering Institute said one of the important roles played by the science & technology sector is bringing advanced technologies to Vietnam to serve the country and people’s demand.He said the positron emission tomography–computed tomography (better known as PET-CT or PET/CT), which was launched in the world in 1990s, should have been applied in Vietnam in late 1990s instead of 2009.He said that Vietnam can only contribute to the creation of 1/1000 of different kinds of technologies in the world, while the remaining need to be imported to Vietnam and used in the most effective way.However, it is not an easy task. The young scientists at the meeting said they tried to develop prototypes but could not continue.Do Thi Huong Giang from Hanoi University of Technology, an arm of the Hanoi National University, said her team had developed sensor systems and systems that receive and transmit satellite signals for ships on the sea. They have been tested successfully and were praised by the US Navy. However, these were just prototypes.Giang said she believes she can help businesses identify problems in the production process.
Despite the low training quality of many universities and the repeated warning about the high unemployment rate, students still prefer to follow higher education. The Q2 Labor Bulletin released by MOLISA showed that 1.088 million people at working age had stayed unemployed by that time, an increase of 16,400 people in comparison with Q1.Of these, 418,200 trained workers had been unemployed, accounting for 40 percent, while 191,300 workers had bachelor’s degree or higher education levels, 94,800 workers finished junior colleges and 59,100 finished vocational schools.The oversupply of graduates with bachelor’s degrees has led to a high unemployment rate of university graduates. Seventy percent of new graduates don’t have necessary skills of communication, teamwork and discipline. They especially lack foreign language skills.A survey of 18 universities in Vietnam found that first-year students had a 220-245 score out of 990 TOEIC score. Vietnamese students are at the bottom of the list with expected salaries of $6,041 per year for economics graduates and $6,397 per year for technical studies.
According to the Dak Lak provincial Elephant Conservation Center, there are five groups of elephants living in the province, with 60-70 in each group. A survey conducted by the center found that the number of elephant groups in Dak Lak has decreased. A survey conducted by the center found that the number of elephant groups in Dak Lak has decreased. Enterprises and local farmers grow rice, maize and bananas, the food elephants like, in areas where wild elephants once lived. WWF Vietnam and YokDon National Park have pledged to embark on a 2016-2020 emergency action plan to protect Yok Don wild elephants.