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Nguyen Van Binh, a man in his late 20s in the mountainous district of Bu Dop, Binh Phuoc province, has successfully run a cashew nut production firm despite the volatiles in the market.  Nguyen Van Thang was born in 1990. He started his own business by trading local farm produce in 2009. Realising the potential of cashew nuts processing, he decided to spend all his money on a manual cashew processing workshop in 2012. His humble workshop has grown into a well-equipped factory with more workers and modern machineries.  Having accessed a preferential loan from the local government, Thang has invested into modern equipment. Now his workshop produces up to five tonnes of cashew nuts per day. He has been working toward lifting the productivity to meet his partners’ demand.  Thang’s workshop now generates jobs for more than 40 locals, mostly youngsters, with monthly incomes ranging from 260 to 430 USD. Those wanting a part-time job beyond regular working hours are … [Read more...] about Young man successful with cashew nut production

Transaction limits for e-wallets should be set at appropriate levels to encourage cashless payment amidst an anticipated boom of e-commerce in Vietnam, experts have said. Under a draft circular about intermediary payment services the State Bank of Vietnam recently made public, e-wallet daily transaction limits were set at 20 million VND (850 USD) for individuals and 100 million VND for organisations. The monthly transaction limits were set at 100 million VND and 500 million VND, respectively. Experts said that setting daily and monthly transaction limits for e-wallets aimed to prevent them being used for illegal purposes like tax evasion or money laundering. However, economists argued setting inappropriate monthly transaction limits would hinder the development of e-payment, adding that the limit for individuals should be increased to 150 million-200 million VND. E-payment has significant potential in Vietnam, given the country’s young population, high rate of smartphone users … [Read more...] about Transaction limits for e-wallets should be appropriate

Thanks to discoveries made during a recent expedition in Vietnam, it appears the world's largest cave, Son Doong, is even bigger than previously thought, US Cable News Network (CNN) has said. CNN said last month, a trio of British divers ventured to Phong Nha-Ke Bang National Park to explore the cave's waterways. During the groundbreaking dive, they discovered a new underwater tunnel that connects Son Doong with another enormous cave called Hang Thung. Son Doong currently measures a total of 38.5 million cubic meters. When it's officially connected with Thung Cave, it will add an additional 1.6 million cubic meters in volume. The divers plan to return in April again next year. This is the best time of year to dive, because water levels are relatively low, and visibility is better than usual -- though still only about one to two meters. One of the world's most precious natural wonders, Son Doong was inadvertently discovered by Vietnam resident Ho Khanh in 1990. … [Read more...] about CNN: World’s biggest cave is even bigger than we thought

A giant poster of President Ho Chí Minh currently on display at the Trang Tien – Dinh Tien Hoang intersection created by painter Trần Từ Thành is one of the most popular posters of Uncle Ho. The poster was the result of a project launched in 1975. It features President Ho Chi Minh and a young girl, with the dove as a symbol of peace on the background. The poster was completed in 1976, a year after the country’s reunification. The poster was awarded second prize at the first National Fine Arts Exhibition. Thanh, who is former vice rector of the Hà Nội University of Applied Fine Arts then added the slogan “Independence, Unification, Peace, and Happiness” before printing and publishing the poster across the country. With its significance, many painting collectors worldwide have asked to buy the original copy from Thanh. However, no one has succeeded. Thanh has been determined to present the precious piece to the Ho … [Read more...] about President Ho’s legacy captured in posters

Despite the over four decades since the American resistance war in Vietnam ended, its consequences linger in ways words can hardly describe. There are now sites that can help both local people and visitors get a better understanding of the war, including the War Remnants Museum and Independence Palace in Ho Chi Minh City. The War Remnants Museum, situated right at the heart of the cosmopolitan Ho Chi Minh City, delivers information for half a million visitors each year on what Vietnamese people went through during the American resistance war, and how this traumatic event still impacts many lives today. The museum not only provides a space for the remnants of war, but also evokes patriotism and love for peace among people, particularly youngsters. Another site of importance is the Independence Palace. This site marks the dramatic conclusion of the American resistance war as tanks crashed through the main gate on the morning of April 30, 1975. Today, it is a fascinating … [Read more...] about War remnants evoke love for peace