Party chief Nguyen Phu Trong has talks with Cuban leader Raul Castro
Party chief Nguyen Phu Trong has talks with Cuban leader Raul CastroGeneral Secretary of the Communist Party of Vietnam (CPV) Nguyen Phu Trong had talks with First Secretary of the Communist Party of Cuba (PCC) Central Committee and President of the Councils of State and Ministers of Cuba Raul Castro Ruz in Havana on March 29 afternoon (local time). General Secretary Trong underlined that the Party, State and people of Vietnam have a sincere friendship with their Cuban counterparts. He expressed his belief that the Cuban Party, State and people will keep solidarity to tackle all challenges and difficulties to promote the country’s revolutionary cause. Party General Secretary Trong invited the Cuban leader to soon return Vietnam. Earlier, Party General Secretary Trong and his entourage paid floral tribute to Cuban’s national hero Jose Marti at his statue.-VNA
Source:VietNamNet News
March 30, 2018 04:41 UTC
President Tran Dai Quang meets with Lao PM Thongloun Sisoulith
President Tran Dai Quang meets with Lao PM Thongloun SisoulithVietnam and Laos need to continue deepening their political ties while boosting their cooperation in diplomacy, security, and defence fields, President Tran Dai Quang said at his reception for Prime Minister of Laos Thongloun Sisoulith in Hanoi on March 30. President Tran Dai Quang (R) and Prime Minister of Laos Thongloun SisoulithThe Lao leader is currently in Hanoi for the sixth Greater Mekong Subregion Summit (GMS-6) and the 10th Cambodia-Laos-Vietnam Development Triangle Summit (CLV-10) from March 29-31. The President expressed his belief that the participation of PM Thongloun Sisoulith will contribute greatly to the success of these summits, creating an impetus for the cooperation in the sub-region and between Cambodia, Laos, and Vietnam. “Vietnam’s consistent policy is respecting and giving the top priority to preserving and developing the special solidarity with Laos. PM Thongloun Sisoulith praised Vietnam’s organisation of GMS-6 and CLV-10 and its initiatives to the events and expressed his belief that the summits will be successful.
Source:VietNamNet News
March 30, 2018 04:41 UTC
Party Chief's busy activities in Cuba
Party Chief's busy activities in CubaVietnam and Cuba discussed ways to make their special ties more practical and effective with the focus on promising sectors such as economics, trade, investment, construction, agriculture, aquaculture and green energy. The school named after Vietnamese hero Vo Thi Thang is an example of the special friendship, Trong added. He said he expects the establishment to enhance its teaching quality and educate the next generation into good citizens, inheriting their predecessors’ legacy and continuing fostering Vietnam – Cuba relations. On the occasion, the Vietnamese Party leader inaugurated an IT classroom, which was his gift to the school. Party General Secretary Trong is on a four-day State visit to Cuba at the invitation of First Secretary of the Communist Party of Cuba’s Central Committee and President of the Council of State and the Council of Ministers Raul Castro Ruz.
Source:VietNamNet News
March 30, 2018 04:18 UTC
iPhone update adds privacy 'transparency'
iPhone update adds privacy 'transparency'Apple has updated its iOS, MacOS and tvOS operating systems to give people more information about how their personal data is collected and used. The change comes ahead of new EU data protection rules, which take effect on 23 May. The EU's General Data Protection Regulation (GDPR) toughens the requirements on how organisations handle the public's data, and imposes harsher penalties for breaches. This is happening because companies are checking what they are doing before new data protection rules kick in," said Jim Killock. That's a victory for privacy and it shows that we can win improvements if governments listen to people's well-founded concerns about privacy."
Source:VietNamNet News
March 30, 2018 04:18 UTC
US-Vietnam Energy Security Dialogue inaugurated
US-Vietnam Energy Security Dialogue inauguratedThe US and Vietnam inaugurated the Energy Security Dialogue that the US only held in five countries over the world so far. Vietnam joins an exclusive clique to discuss energy security with the US (Illustration image)The US State Department and the Ministry of Industry and Trade (MoIT) participated in the inaugural energy security dialogue this morning in Hanoi. During the dialogue, the US and Vietnamese representatives exchanged views on securing critical infrastructure and resources, strategic energy supply diversification, energy tariffs and pricing, technical assistance, renewable energy technology, regional interconnectivity, and held a commercial session. In addition, the two sides discussed opportunities for US businesses in the Vietnamese energy sector. Meeting with energy technology experts on March 29 preceded this dialogue.
Source:VietNamNet News
March 30, 2018 03:56 UTC
Grab will not monopolise Vietnamese market, true?
Grab will not monopolise Vietnamese market, true? Vertex Ventures, Grab’s first investor, told VIR in an exclusive interview that the startup will not monopolise the Vietnamese ride-hailing market after its controversial merger with Uber earlier this week. The merger has sparked concerns over the latter acquiring a monopoly over the domestic ride-hailing market. This week, Grab announced its merger with Uber’s ride-hailing and food delivery business in Southeast Asia. In interviews and news releases following the merger, Grab said that it will ensure that rates remain affordable and arrange new positions for Uber's staff members.
Source:VietNamNet News
March 30, 2018 03:56 UTC
CPV leader Nguyen Phu Trong honoured with Doctor Honoris Causa title
CPV leader Nguyen Phu Trong honoured with Doctor Honoris Causa titleGeneral Secretary of the Communist Party of Vietnam (CPV) Central Committee Nguyen Phu Trong was granted the Doctor Honoris Causa title in political science by the University of Havana (UH) to recognise his important contributions to Vietnam’s nation-building cause and practical and theoretical views he shared with Cuba at a ceremony in Havana on March 29 morning (local time). A leader of the University of Havana presents the Doctor Honoris Causa title to CPV General Secretary Nguyen Phu Trong (L)General Secretary Trong thanked the UH and considered this as a vivid demonstration of the Communist Party of Cuba (PCC) and the Cuba State and people’s friendship towards Vietnam. Vietnam targets rapid and sustainable development as well as harmonious combination of economic growth and social progress and equality, which matches regional and global agenda, including the UN 2030 Agenda for Sustainable Development. Vietnam’s economy has attained and kept a fast growth rate for a relatively long period. With right and effective policies, the country has curbed the increase of inequality that usually occurs during the shift to a market economy in the countries with the same development level, General Secretary Trong noted.
Source:VietNamNet News
March 30, 2018 03:45 UTC
Will Thaibev's complaint about Sabeco be resolved in time of AGM?
Will Thaibev's complaint about Sabeco be resolved in time of AGM? Yesterday, in response to Thaibev, Vietnam’s Government Office said that Deputy Prime Minister Vuong Dinh Hue has ordered the Ministry of Industry and Trade (MoIT) to immediately investigate the matter. “MoIT needs to consider the suggestions of Thai Beverage right away, following existing regulations. It is alleged that Thai Beverage will introduce three representatives, equal to half of the board, at the April 6 meeting. The Thai investor had been expressing interest in Sabeco since 2014, aiming for a slice of Vietnam’s booming beer market.
Source:VietNamNet News
March 30, 2018 03:33 UTC
Papua New Guinea earthquake: Strong tremor off New Britain island
Papua New Guinea earthquake: Strong tremor off New Britain islandA strong magnitude 6.9 earthquake has struck off the coast of Papua New Guinea's New Britain island, the US Geological Survey (USGS) says. Hazardous tsunami waves were forecast for some coastlines but there were no immediate reports of damage. The quake struck some 162km (100 miles) from Rabaul, on New Britain island, at 07:25 on Friday (21:25 GMT Thursday). Dellie Minding, a receptionist at the Rabaul Hotel in the east of New Britain, told Reuters news agency the earthquake had been felt, with many guests running outside, but there had been no damage. "We felt the earthquake, everything was moving so we went out of the building," the receptionist told Reuters.
Source:VietNamNet News
March 30, 2018 02:48 UTC
CPTPP likely to launch early 2019
CPTPP likely to launch early 2019At least six member countries of the Transpacific Partnership’s new avatar, the CPTPP, including Viet Nam, are likely to ratify it this year, enabling it to come into force in early 2019, a seminar heard in HCM City on Thursday. Representatives of countries joining the signing ceremony of the CPTPP in Chile in March 2018. He said at the next meeting the CPTPP members would discuss guidelines for countries wishing to join the pact in future. According to estimates from the Peterson Institute for International Economics, the economies of the CPTPP members will add 1.7 percentage points because of the deal. Viet Nam and Peru will be the biggest winners with their GDPs benefiting by 2-3 per cent.
Source:VietNamNet News
March 30, 2018 01:52 UTC
Government News 30/3
While highly evaluating HCM City’s smart city development strategy towards a sustainable and knowledge-based economy, she said this is very important as the city is an attractive destination for investors. Vietnam has responsibly participated in international organisations and multilateral cooperation mechanisms, such as the United Nations, the Association of Southeast Asian Nations and the Asia-Pacific Economic Cooperation. On the occasion, the embassy of Vietnam introduced Vietnamese food and coffee to international friends in Cordoba province. In 2017, economic, trade, investment and tourism between Vietnam and the city reached about 2 billion USD, accounting for about 2 percent of total trade between Vietnam and China. For his part, Liu declared that Chongqing city pays attention to friendship and cooperation with Vietnamese ministries, sectors and localities.
Source:VietNamNet News
March 30, 2018 01:41 UTC
BUSINESS IN BRIEF 30/3
It is inevitable that more and more Vietnamese businesses are now exploring new business opportunities via franchising. Nevertheless, there are a number of risks that a franchisor should investigate carefully before engaging or expanding in business in Vietnam. Meanwhile, 1,285 M&A deals were signed with a total investment capital of $1.89 billion. Instead of organising conferences or exhibitions, many localities have brought delegations directly to the fields to discuss business with farmers. Binh said management agencies should work out a new approach to deal with complex cross-border business models like Uber.
Source:VietNamNet News
March 30, 2018 01:30 UTC
Major investor safety failures in fire death trap tower block
Major investor safety failures in fire death trap tower blockHo Chi Minh City's Department of Construction have highlighted various violations at the Carina Apartment, where 14 people were killed in a recent fire. According to the report, Carina Plaza was invested by Hung Thanh Company and gained a building permit in May 2009. In 2016, the investor hired Saigon Real Estate JSC to manage the building but the contracts lacked many terms such as maintaining the elevators and fire safety system, the report said. According to the fire department in District 8, they had already noticed that the fire safety system in the building hadn't worked on previous inspections. The city fire department was asked to check the building and the District 8 People's Committee will help set up the building's management board.
Source:VietNamNet News
March 30, 2018 01:30 UTC
China's space lab set for fiery re-entry
The collective, known as the Inter-Agency Space Debris Coordination Committee (IADC), are trying to forecast the most likely time and place for the laboratory's re-entry. And one hour still means almost one revolution around the Earth," said Holger Krag, the head of Esa's space debris office. Tiangong is certainly on the large size for uncontrolled re-entry objects but it is far from being the biggest, historically. The US space agency's Skylab was almost 80 tonnes in mass when it came back partially uncontrolled in 1979. Nasa's Columbia shuttle would also have to be classed as an uncontrolled re-entry.
Source:VietNamNet News
March 30, 2018 01:30 UTC
Vietnam economy runs on loans: economist
Vietnam economy runs on loans: economistVietNamNet Bridge - Tran Du Lich, a respected economist, said at a recent annual workshop on the economy that there are two risks for Vietnam – the middle-income trap, and the risk of growing older (working-age population) before becoming rich. Mr Tran Du LichIn order to avoid the risks, the country will have to gain high and stable economic growth rates over the next several decades. He said that economic growth will depend on inner strength. In order to force the lending interest rates down and expand lending, it is necessary to increase the rediscount, intensify lending activities and control inflation. However, it would still be good if the interest rate stays at the 2017 level,” he said.
Source:VietNamNet News
March 30, 2018 01:07 UTC