Viet Nam News WASHINGTON — US President Donald Trump appealed to Congress on Tuesday to unite at a moment of deep partisan division as he made the case for a new era of compromise on immigration and security in his State of the Union address. "We can make our communities safer, our families stronger, our culture richer, our faith deeper, and our middle class bigger and more prosperous than ever before," Trump said. "But we must reject the politics of revenge, resistance, and retribution -- and embrace the boundless potential of cooperation, compromise, and the common good. Together, we can break decades of political stalemate." It was the president’s first speech in the House since the Democrats took the lower chamber back in a landslide last year -- leaving Congress split with Trump’s Republicans still in control of the Senate. He was cheered repeatedly by his side during the speech, which lasted around 85 minutes, but was met with stony silence from the … [Read more...] about Trump calls for end to ’revenge’ politics at State of Union
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Record breaker: Artisan Nguyễn Bá Châu (left) and his son, Quý, are pictured with the bronze drum that broke the national record in April. Photo courtesy of Nguyễn Bá Châu Viet Nam News The traditional craft of bronze casting in Chè Đông Village, Thiệu Trung Commune in the central province of Thanh Hóa has been famous nationwide for sophisticated products that are highly valued in economy, history and culture. The craft has not only provided the locals with stable income but also great pride when, recently, it was recognised as a National Intangible Cultural Heritage. Hoa Mai and Lương Hương report. Good news has recently reached the locals of Chè Đông Village in the central province of Thanh Hóa: their traditional craft – bronze casting – has been recognised as a National Intangible Cultural Heritage by the Ministry of Culture, Sports and Tourism … [Read more...] about Traditional bronze casting brings prosperity, pride
Conference seeks ways for investment promotion in Quang Binh An investment promotion conference in the central province of Quang Binh was convened on August 28, focusing on presentations of the province’s potential and investment opportunities. Present at the conference were Prime Minister Nguyen Xuan Phuc and more than 800 delegates from among the leaders of ministries and departments, along with representatives of embassies, Lao provinces, commercial banks, associations, international organizations and businesses. Participating domestic and foreign organizations and businesses, through the conference, discussed investment and trade opportunities with local authorities. The event is expected to serve as a platform for the handing over of investment registration certificates and cooperation deals to 66 projects with a combined registered capital of US$7.34 billion. Earlier, the provincial People’s Committee held a series of sideline activities, including investment … [Read more...] about BUSINESS NEWS IN BRIEF 28/8
Warburg Pincus is finding new investment targets in the consumer, banking and logistics sectors of Vietnam as its economy grows and capital markets develop, said the regional head of the private equity firm which has committed over $1 billion in Vietnam. “It’s a market that we think there’s a lot of opportunity in,” Jeffrey Perlman, Southeast Asia chief for Warburg, told Reuters in an interview on Thursday. “Four, five years ago, even in Vietnam there wasn’t an understanding of what was private equity and what it will do to businesses.” Vietnam’s emergence as a large manufacturing destination next to China helped the Southeast Asian nation’s economy grow at 6.8 percent last year, the strongest since 2010. The growth is rapidly building up a huge middle class that is boosting consumer spending in a country of about 100 million. Its stock index VNI has risen 20 percent this year, the best performance in Southeast Asia, after surging … [Read more...] about Warburg Pincus sees more deals in Vietnam after pumping in $1 billion
The article by Elizabeth McIninch is posted on the Asia Pacific Foundation of Canada on June 4, 2018 As Canada prepares for the 2018 G7 Summit, all eyes are focused on the picturesque region of Charlevoix, Quebec where the leaders of the industrialized world will gather June 8-9. Canada, which holds the G7 presidency for 2018, has extended a first-ever invitation to Viet Nam, and Vietnamese Prime Minister Nguyễn Xuân Phúc will be attending. The overture is an acknowledgement of Viet Nam's rising status on the world stage, and a fitting tribute by Canada to a bilateral relationship which this year records its 45th anniversary. Devastated by the destruction of a long and tragic war that reduced it to one of the world's poorest nations 30 years ago, today Viet Nam is the rising star of Southeast Asia. The data is spectacular. In the wake of the county's first quarter expansion this year, we might ask ourselves: How often in recent years have full-time G7 … [Read more...] about Prosperity Beckons in Viet Nam: Are Canadian Businesses Ready to Take the Leap?