The startup accelerator program, SIHUB - EXPARA Accelerator batch 4 - 2022, has officially been launched. (Photo: SGGP) At this event, SIHUB and EXPARA officially introduced the sixth investment fund, Expara Southeast Asia Ventures, with a scale of up to US$450 million. Of which, one-third of the fund is for the Vietnamese market. When attending SIHUB - EXPARA Accelerator batch 4 - 2022, startups will have the opportunity to expand their network of partners, seek investors, learn from the experience sharing of CEOs, advisors, and guests, and have a chance to receive funding of up to $150,000. Investment enterprises that receive data from startups with growth potential can consider investing in and expanding that model. In addition, large enterprises can look for profitable investment opportunities through Expara Southeast Asia Ventures. Expara Southeast Asia Ventures is an early-stage (seed stage) venture capital fund that primarily invests in next-generation technology … [Read more...] about SIHUB – EXPARA Accelerator batch 4 – 2022 started
Buffalo area power outages
The art of combined-arms operations in victory of air defense troops’ first battle
The victory in the first battle of the air defense troops also left invaluable lessons, of which the most remarkable one is the art of employing combined arms in air defense operations. To prepare for the war of destruction against North Vietnam then, from February 1964, U.S. air force used recce aircraft and paratroops to intrude the territory of North Vietnam from the sea so as to sabotage coastal economic and military facilities. At the beginning of April 1964, with the plan to air-raid 94 targets in the North, the U.S. “invented” the Gulf of Tonkin incident to legalize its war of destruction. Closely following the developments and learning the plot as well as activities in preparation for the war of destruction of the U.S. troops, in June 1964, the Politburo issued a resolution on enhancing combat capabilities and staying ready to foil the plot of the U.S. invaders. Party committees and governments of localities were to enhance their civil air defense alert and strengthen air … [Read more...] about The art of combined-arms operations in victory of air defense troops’ first battle
PM chairs meeting of National Steering Committee for Comprehensive Finance
Banking services have also made quick progress, catching up with the development of the international market, according to the PM, who is also head of the committee. However, shortcomings still remain during the implementation of comprehensive finance, he said, adding that residents in rural and remote areas still find it hard to access financial sources. Black credit has remained public concern and agencies and organizations have yet to coordinate concertedly and effectively in the implementation of comprehensive finance, the leader pointed out. He noted that the Government issued Decision No.149/QD-TTg on the approval of a national strategy on comprehensive finance by 2025 with a vision towards 2030. The strategy sets out viewpoints, targets, tasks and solutions to accelerate the access and use of financial products and services for all people and businesses, he continued. The issuance of the strategy reflects the Party’s and the State’s consistent policy on boosting … [Read more...] about PM chairs meeting of National Steering Committee for Comprehensive Finance
From coffee to toothpaste, Nigerians buy small as hardships bite
From five grams of toothpaste to 10 millilitres of cooking oil, many Nigerians struggling with soaring prices now buy their basic necessities in small quantities packed in tiny plastic bags to be consumed on the same day. Consumer brands behind this "sachetisation of the economy" see it as a creative innovation, allowing consumption for all Nigerians, the majority of whom live on less than $2 a day. But critics see the development as an economic and ecological aberration, even as Africa's largest economy struggles with the inflationary fallout from Russia's war in Ukraine. In the streets of Lagos, the vibrant economic capital of Africa's most populous country, small sachets are now part of the decor: they colour its streets, packing the wood and tin shops found on the corner of most streets. Sitting on a stool, Ibrahim Atahire has been running his small grocery store for 30 years in a busy area of Obalende, a popular district of the megalopolis. "At my place, you can buy … [Read more...] about From coffee to toothpaste, Nigerians buy small as hardships bite
Austrian scientists race to reveal melting glaciers’ secrets
Jumping from rock to rock to rock over a creek formed off Austria's Jamtal glacier, scientist Andrea Fischer worries that precious scientific data will be irreversibly lost as the snow and ice melt faster than ever. "I couldn't have imagined that it would ever melt as dramatically as this summer... Our 'archive' is melting away," says the glaciologist. Fischer -- vice director of the Institute for Interdisciplinary Mountain Research at the Austrian Academy of Sciences -- has spent more than 20 years surveying Jamtal and four other Alpine glaciers across Austria's highest peaks for the oldest areas of ice. For scientists looking to reconstruct the Earth's climate in the distant past, such ice formations are a unique time capsule stretching back thousands of years. The glaciers contain an invaluable treasure trove of data -- as they grew, the ice encapsulated twigs and leaves, which can now be carbon-dated, Fischer explains. And based on the age of such material and the depth … [Read more...] about Austrian scientists race to reveal melting glaciers’ secrets
PM Pham Minh Chinh checks progress of Nhon-Hanoi Station urban railway
The meeting aimed to seek ways to resolve challenges hampering the progress of one of the most critical infrastructure projects in Hanoi. Construction of the rail way started in 2008 and was initially planned to finish in 2015. The double-track railway is 12.5km long, with the elevated sections spanning 8.5km and the remaining 4km underground. Only 75% of the work has been completed, with investment doubling to more than 34 trillion VND (over 1.45 billion USD). The Hanoi People’s Committee, consultants and contractors are held responsible for the project’s extended delays, PM Chinh said, adding that there has been a lack of coordination between the municipal People’s Committee and concerned ministries and units. The deadline for the underground parts must be shortened, probably by half of the proposed 2027, and additional funding must not be sourced from ODA but the State budget instead, he ordered. The PM later assigned Standing Deputy PM Pham Binh Minh as head of a working … [Read more...] about PM Pham Minh Chinh checks progress of Nhon-Hanoi Station urban railway
President requires greater efforts to promote value of Ngoc Linh ginseng
President Phuc spoke highly of efforts made by Quang Nam and Kon Tum provinces in preserving and developing Ngoc Linh ginseng and expanding the growing areas. However, he also pointed out several problems that need to be addressed in the development of Ngoc Linh ginseng such as climate change, counterfeit products, and the ineffective application of scientific and technological advances. Therefore, the State leader stressed the importance of the engagement of both producers and researchers to better develop the plant, as well as the need to diversify products, protect purebred genetic resources, and expand the application of technologies in growing and developing Ngoc Linh ginseng. At the workshop, representatives from some management agencies gave details on a project on Ngoc Linh ginseng development by 2030 with a vision to 2045, the current status and development orientations in Quang Nam province as well as potential and aspirations to develop this kind of ginseng in Kon Tum … [Read more...] about President requires greater efforts to promote value of Ngoc Linh ginseng
Demand for cotton forces adjustments
Thanh Cong Textile Garment Investment Trading JSC exported over one-third of its products to the United States in 2021. However, the company started to face challenges following the US’ blanket ban on all Xinjiang cotton. Last year, President Joe Biden signed into law the Uyghur Forced Labor Prevention Act. Vietnam’s cotton imports reach up to one million tonnes each year, Photo: Shutterstock Tran Nhu Tung, chairman of the company, said that the company has adopted regulations this year related to this act. Accordingly, buyers have to be responsible for export orders to the US which source Chinese cotton materials. Thanh Cong secures many large orders from the US. In 2022, the company sets a target to generate $179 million in revenues and $10.87 million in profit, up 120 per cent and 188 per cent respectively against last year. Tung noted that yarn exports are the main driving force for Thanh Cong. “There is a rapidly growing demand for yarn imports in the global … [Read more...] about Demand for cotton forces adjustments
Cambodian PM scraps development project threatening wildlife sanctuary
Cambodian Prime Minister Hun Sen on Sunday cancelled a controversial satellite-city development around a wildlife sanctuary and zoo near the capital following growing online appeals to halt the project. Cambodian Prime Minister Hun Sen on Sunday cancelled a controversial satellite-city development around a wildlife sanctuary and zoo near the capital following growing online appeals to halt the project. - AFP pic Conservationists and locals began voicing their concerns and objections when the development plan around the Phnom Tamao zoo and wildlife rescue centre came to light several months ago. Developers last week started razing privatised areas around the more than 2,000-hectare Phnom Tamao forest area, an hour drive from capital Phnom Penh, and home to many rare and endangered wildlife including sambar deer at the zoo. Officials defended the development saying the area's land was too sandy for trees and wild pigs destroyed farmers' crops. But on Sunday … [Read more...] about Cambodian PM scraps development project threatening wildlife sanctuary
Investors’ risk appetite continues to improve this week
A trader observing the market's movements on his computer. — Photo baodautu.vn After hitting a bottom of around 1,140 points in early July, the stock market had recovered for four straight sessions, with the benchmark VN-Index surpassing the threshold of 1,250 points. Notably, liquidity improved significantly last week and has now exceeded the recent 20-week average. This marked the second week of such an increase, showing that investors' interest is improving. On the Ho Chi Minh Stock Exchange (HoSE), the VN-Index ended the week at 1,252.74 points, down 0.11 per cent. Meanwhile, the HNX-Index on the Ha Noi Stock Exchange (HNX) closed higher, up 0.73 per cent to 299.9 points. For the week, the VN-Index rose by 3.85 per cent and the HNX-Index was up 3.91 per cent. Trading value on HOSE increased by 39.2 per cent from the previous week to VND83.1 trillion (US$3.5 billion), equivalent to a gain of 47 per cent in volume to more than 3.5 billion shares. On the northern bourse, … [Read more...] about Investors’ risk appetite continues to improve this week