Viet Nam News TOKYO — "Reiwa": Japan on Monday revealed the name of the era that will define the new emperor’s reign when he ascends the Chrysanthemum Throne next month following a historic abdication. The name consists of two characters: "Rei", which can have meanings related to "order" but also "auspicious" and "Wa", usually translated as "peace" or "harmony." After weeks of fevered speculation and top-secret discussions, the two "kanji" characters were unveiled to reveal a name that will last as long as new emperor Naruhito’s rule. Prime Minister Shinzo Abe said the term came from the "Manyoshu", an anthology of Japanese poems dating back 1,200 years that "symbolises our nation’s profound public culture and long tradition." "Just like amazing plum flowers in full bloom that signal the arrival of spring after bitter cold, each and every Japanese person can hope for the future and make their own flowers blossom," added the prime minister. It may appear … [Read more...] about Reiwa: A new era name for Japan ahead of abdication
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The World Meteorological Organization says there's a 75-80% chance of a weak El Niño forming within three months. An image showing the 2015 El Niño with rising temperatures in the Pacific -- Photo: NOAA/SCIENCE PHOTO LIBRARY The naturally occurring event causes changes in the temperature of the Pacific Ocean and has a major influence on weather patterns around the world. It is linked to floods in South America and droughts in Africa and Asia. El Niño events often lead to record temperatures as heat rises from the Pacific. According to the WMO update, sea surface temperatures in the east-central tropical Pacific have been at weak El Niño levels since October. However the atmosphere has not yet responded to the extra warmth that's produced by the upwelling seas. Scientists have been predicting the likelihood of a new event since May this year, with confidence increasing. The Australian Bureau of Meteorology are now estimating that an El Niño event … [Read more...] about Strong chance of a new El Niño forming by early 2019
A new dumping ground?By Phuong Thao The environmental pollution threat is looming larger than ever as the nation is struggling with a huge influx of scrap from other countries. Backlogs of scrap containers have piled up at seaports across the country, posing a tough question for environment authorities on how to deal with the unwanted garbage. The volume of second-hand products imported into Vietnam has skyrocketed in recent times. In 2016, Vietnam imported more than 4.8 million tons of scrap such as iron, steel, plastic and paper. But the figure jumped to more than 6.5 million tons last year and reached as high as four million tons in the first half of this year alone. January-June plastic waste imports amounted to 277,700 tons, way above the 245,800 tons imported in all of 2016. The total value of imported scrap was put at US$1.2 billion in the year to end-June, higher than the US$1 billion recorded in all of 2016. As of July 25, a staggering 3,600 scrap shipping containers had … [Read more...] about A new dumping ground?
(VEN) - A new program launched last month in Hanoi is designed to help Vietnamese firms become suppliers of multinational corporations and expand operations of existing suppliers. This is the latest development in a concerted effort by the Ministry of Industry and Trade to strengthen the country’s support industries. Enterprises have taken the initiative in technology innovation to improve productivity The two-year program will help domestic suppliers meet requirements of multinational corporations in terms of quality, prices and delivery, as well as connect with partners. The project is sponsored by the Ministry of Industry and Trade’s Industrial Department and the International Finance Corporation, a member of the World Bank. The program will partner with eight multinational corporations in the fields of automobiles, electronics, energy and consumer goods, including Bosch, Canon, Datalogic, Denso, Ford, General Electric, Panasonic and Toyota. Some 45 … [Read more...] about New push to link local support industries with multinationals
Can you update us on the current payment and security landscape in Vietnam? Also, in comparison to other markets, how is fraudulent activity performed and controlled here? Abdul Rahim The internet, mobile technology, and rising social networks are having a profound impact on consumers, their habits, and how they behave. In Vietnam, we are seeing a significant growth in e-commerce transactions. At the same time, fraud has shifted from the card-present channel, the bulk of which is counterfeit (CFT) fraud to the card-not-present (CNP) channel, primarily the e-commerce channel. From 2014 to 2017, the percentage of CNP fraud in Vietnam has increased from 75 per cent to 83 per cent, and one of the reasons for this is the adoption of EMV chip in the market, which helps to prevent CFT frauds, and as such, frauds have migrated from the CFT to the CNP channel. Globally, the fraud rate is less than 10 basis points, meaning out of every $100 spent, $0.10 is reported as fraud. For the … [Read more...] about A new security roadmap to fight payment frauds