Belt on road initiative

Nguyen Cong Thuan, 27, and Duong Le Tuyen Tai, 28, were both arrested on Monday. It all began when officers received reports of a phone-snatching on Nhat Tao Street in District 10 on May 19. After analyzing nearby camera footage, investigators were able to identify the suspects via their license plate numbers. When special forces found Thuan and Tai riding two motorbikes in Hoc Mon District, the pair was exhibiting signs of looking for potential victims. Officers from the special forces stopped the two men for questioning. Tai was apprehended while Thuan tried to escape on his motorbike. A high-speed chase ensued throughout Hoc Mon. Police eventually cornered Thuan at the side of a road and incapacitated him. At the police station, Thuan and Tai admitted to having stolen the phone on May 19. They also admitted to having snatched belongings in two other District 10 cases. … [Read more...] about HCMC cops snatch phone snatchers in high-speed chase

At around 7 p.m., numerous vehicles were stopped at a traffic light at the Thuan An Hoa-My Phuoc-Tan Van intersection in Thuan Giao Ward. A truck then came from behind and rammed into the rows of vehicles. Three motorbikes were heavily damaged by the impact. A 20-year-old man died on the spot. Two other people were rushed to the hospital. Nearby vegetable stalls were also damaged in the incident. "I was sitting inside my house when I heard a loud crash. When I ran outside, I heard screams and saw 2-3 people lying on the road," a witness said. The accident caused a traffic jam, and police officers were dispatched to barricade the area. My Phuoc - Tan Van is a more than 40-km road connecting the center of Binh Duong, a major industrial hub, with Dong Nai, Ba Ria-Vung Tau Provinces and HCMC. It is often used by many trucks and prone to traffic accidents. … [Read more...] about Truck rams through traffic light, killing one

Apple's resilient iPhone sales and Samsung's dominance amidst declining market According to Counterpoint Research, the smartphone market has been impacted by the recent economic difficulties. The report indicates that amidst challenging business conditions, retailers have had to revise their expansion plans and reassess their business strategies. Retail stores have reduced operating hours and lowered salaries due to the reduction in customers since the Lunar New Year. Initially, original equipment manufacturers misjudged the demand, resulting in high inventory levels. Subsequently, realising the actual situation, they rushed to offer discounts to clear the excess stock. All phone manufacturers, except for Apple, experienced a decline in sales in Q1. Glen Cardoza, a senior analyst at Counterpoint Research stated, "The recovery of smartphone demand in Vietnam is expected to be slow in the second quarter of 2023 and will require time while the economy continues to face numerous … [Read more...] about Apple’s resilient iPhone sales and Samsung’s dominance amidst declining market

An overview of the NA's fifth session. (Photo: VNA) Hanoi (VNA) – National Assembly (NA) deputies will continue their ongoing fifth session on May 30 discussing important matters, including a draft Law on Electronic Transactions (revised) and a draft resolution on pilot special policies for the development of Ho Chi Minh City. The draft Law on Electronic Transactions (revised) has seven chapters and 54 articles. Compared to the current version, the bill has 31 new and nine amended articles, while erasing a number of regulations in five and eliminating three articles. During the morning discussion, NA deputies will decide the investment policy for the project to construct road from National Highway 27C to Road 656 in Khanh Hoa province which links to Lam Dong and Ninh Thuan provinces, as well as the adjustment of the investment policy for Ka Pet reservoir in Ham Thuan Nam district of Binh Thuan province. In the afternoon, they are scheduled to listen to a proposal and a … [Read more...] about NA deputies continue to discuss draft laws, resolutions on May 30

Living in Vietnam can bring moments of total pleasure and those of total wonder. When is a hot dog not a hot dog? Well, that answer came to me through experience some 10 years ago when I began my teaching career here in Vietnam. It was only weeks after I arrived in Ho Chi Minh City to start a new life journey and I had already experienced my first episode of 'Vietnam Belly.' I wasn’t feeling all that great and I found that the local food and cheap beer just weren’t what my body wanted. I met a fellow Australian expat who introduced me to his employer – a major name in Vietnam’s teaching industry. Despite my unreliable health, I interviewed with the company. I was just hoping things would hold themselves together long enough to get the job, and they did. When I found out I got the job, my only thoughts were about how much I hoped I would be able to recover by the time I started classes. Early the next morning, my phone rang. It was the school asking if I could cover a class … [Read more...] about A hot dog that isn’t a hot dog in Vietnam

Inside a warehouse of JFE Shoji Steel Hai Phong Company in Hai Phong Province. — VNA/VNS Photo Canada Border Service Agency (CBSA) updated the timeline for auditing the anti-dumping tax on corrosion-resistant steel (COR) of Viet Nam and Turkey, according to the Trade Remedies Authorities of Vietnam. Particularly, CBSA will stop gathering information on June 15, and the parties will submit their arguments on June 22. The deadline for submitting information is June 29, and CBSA will announce the result on July 17. Previously, CBSA proposed anti-dumping and anti-subsidy investigations against COR steel imported from Turkey, the United Arab Emirates (UAE), and Viet Nam in November 2019. Viet Nam’s anti-dumping tax rate is ranging from 2.3 per cent to 71.1 per cent and is not subject to anti-subsidy tax because the subsidy level is only from 0.1 per cent to 0.2 per cent. However, the export turnover of Viet Nam's taxed products still increased strongly in 2020 and 2022, … [Read more...] about Canada to review duty taxes on Viet Nam’s corrosion-resistant steel

Tucked away in a deep, narrow alley at 74 Hang Quat Street, in the heart of the Old Quarter, this bun cha (grilled pork with vermicelli) eatery might easily go unnoticed if it weren't for a modest sign at the entrance. The shop serves authentic Hanoi flavors from 10 a.m to 2 p.m. Despite its limited space, the restaurant sees a constant flow of diners, forming long queues that extend from one end of the alley to the other. The popularity of this eatery can be attributed to its traditional Hanoian vibe. This place spans a narrow alley, approximately 1 meter wide and 30 meters deep. At the entrance, you'll find the cooking area with a table of ingredients, a barbecue grill, a section dedicated to frying spring rolls, and a small iced tea shop. Diners can park their vehicles on the other side of the road. The dining tables for guests are arranged both inside the house, and … [Read more...] about Hanoi’s hidden bun cha crowded for 25 years

CEO of PVS Le Manh Cuong said at the firm’s AGM 2023 on May 29 that PVS's involvement in constructing 33 foundations for Taiwanese partners has established an autonomous supply chain, specifically dedicated to PVS and Vietnam as a whole. Cuong recognises Vietnam's extensive shallow water areas and evaluates them as having the greatest potential in the Asia-Pacific region for offshore wind power. As a result, the installation costs of businesses in Vietnam are expected to be more competitive compared to China, South Korea, or Japan. Furthermore, there is a rising demand for renewable energy in the Middle Eastern market, which PVS is actively exploring. PVS's leadership is confident that they will emerge as a dominant force in the domestic and regional service market. According to Cuong, the Power Development Plan VIII explicitly demonstrates support for offshore renewable energy projects without any capacity limitations, and offers backing for electricity exports. At present, … [Read more...] about PVS in talks with foreign investors for renewable energy investments

The State Bank of Vietnam (SBV) last week announced additional adjustments to a series of key interest rates, effective from May 25. This move marks the third round of interest rate decreases within a span of less than three months, signifying its resolute efforts in lowering the interest rate landscape, aimed at providing vital support to businesses and stimulating overall economic growth. The SBV’s rate reduction moves cater specifically to existing customers, Photo: Le Toan The recent decision to lower interest rates has garnered praise from industry experts and leaders who believe it to be an appropriate and well-timed move. Le Quang Vinh, deputy CEO of Vietcombank, deemed it a sound decision that is well-aligned with the current economic landscape. “Looking ahead, we anticipate that lending rates will correspondingly decrease as deposit interest rates uniformly decline,” Vinh said. Pham Nhu Anh, CEO of MB, recognises the difficulties faced by the market in … [Read more...] about Rate reductions deemed well-timed

After the meeting with Secretary of Nam Dinh Party Committee Pham Gia Tuc on May 24 in Nam Dinh province, Taekwang Power Holdings general director Sang Young Jin expressed his determination to develop the Nam Dinh 1 thermal power plant, which has been delayed for over 10 years. According to Jin, the reason for the delay in starting construction is that the company has faced a myriad of financial problems while completing the procedures. There was also a major change in the shareholders of the company. During the meeting, Jin shared the plan to complete the procedures by the end of 2023 and kick off the construction. Jin stated that the company has completed the arrangement of capital and adjusted the investment plan in terms of modern environmental protection, meeting the standard regulated at COP 26. He hoped to receive support from the provincial leadership and the relevant authorities. In 2010, the investor, which is a consortium of Taekwang and Acwa Power Co., unveiled … [Read more...] about $2 billion Nam Dinh 1 thermal power plant could resume this year