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Captain and vessel owner Le Quang Anh of Tam Hai commune, the province’s Nui Thanh district, said that before any fishing trip, he brings documents to Ky Ha port border guard station for registration. The documents include the list of crewmembers, their working positions, hull insurance contract, crew insurance, and the vehicle's license plate. He said that in addition to bringing along fishing equipment and tools, fishermen must fully comply with regulations on the at-sea fishing process following the Law on Fisheries. For offshore fishing vessels, these requirements are much stricter to restrict their operation in other countries' fishing grounds. Local authorities, border guards, coast guards, and fisheries surveillance forces regularly tell fishermen about the legal process of sea fishing, and this make them better aware of obeying relevant regulations. Anh said that offshore fishing vessels in the district are required to install kinds of necessary equipment including … [Read more...] about Quang Nam fishermen pledge to implement regulations against IUU fishing

Rescuers in Turkey and Syria braved frigid weather, aftershocks and collapsing buildings Tuesday, as they dug for survivors buried by an earthquake that killed more than 5,000 people. Disaster agencies said several thousand buildings were flattened in cities across a vast border region -- pouring misery on an area already plagued by war, insurgency, refugee crises and a recent cholera outbreak. Through the night, survivors used their bare hands to pick over the twisted ruins of multi-storey apartment blocks -- trying to save family, friends and anyone else sleeping inside when the first massive 7.8-magnitude quake struck early Monday. "Where is my mum?" asked a distraught seven-year-old girl who was pulled -- her face, hair and pyjamas covered in dust -- from a collapsed building in Hatay, on the Turkish side of the border. Police officer Zekeriya Yildiz hugs his daughter after they saved her from the rubble in Hatay, southwest Turkey on February 6, 2023. Photo: … [Read more...] about Earthquake kills more than 5,000 in Turkey, Syria

The following is the full text of the interview. Reporter: This year marks the 50th anniversary of diplomatic relations and 10th anniversary of strategic partnership between Singapore and Vietnam. How do you evaluate the Singapore-Vietnam relations in the past half century, especially in the last decade? What should the two countries do to further our bilateral cooperation and to advance the development of each country? Vivian Balakrishnan: The ties between Singapore and Vietnam have grown from strength to strength since we established diplomatic relations 50 years ago. We are longstanding friends and close partners that enjoy wide-ranging cooperation in many areas, both bilaterally and at multilateral fora. I am heartened that the bilateral relationship has continued to expand and evolve to tackle new challenges over the past decade. Our linkages are particularly strong in trade and investment. The 12 Vietnam-Singapore Industrial Parks (VSIPs) across Northern, Central, … [Read more...] about Prime Minister Pham Minh Chinh’s visit to enhance Singapore-Vietnam relations: Singaporean Foreign Minister

Nguyen Thi Thanh, who said that she was a survivor of the mass killing of about 70 people in Phong Nhat - Phong Nhi Village in the central province of Quang Nam in 1968 by South Korean marines, filed a damages suit against the South Korean government in 2020, seeking ₩30 million as compensation. Thanh said she lost her family members and received gunshot injuries during the incident, the Yonhap News Agency reported. The Seoul Central District Court on Tuesday ruled in favor of Thanh, ordering the state to compensate her the aforementioned amount of money, plus interests. While the South Korean government argued that it was immune to the damages suit filed by a Vietnamese due to an agreement signed between Vietnam, South Korea and the U.S., the court rejected the argument. It also rejected another claim that the South Korean marines’ involvement in the murder has not been clearly proven, or that it was justifiable in the context of the war. Thanh said she was "tremendously … [Read more...] about South Korean court orders state to compensate Vietnamese woman for Vietnam War massacre

Representatives of Vietnam’s Internet service providers on Tuesday said the NOC (Network Operation Center) system of international undersea cables announced that three undersea cables: the APG (Asia Pacific Gateway), the AAG (Asia, America Gateway) and the IA (Intra Asia) are expected to undergo reparation in either mid-March or early April, the Vietnam News Agency reported. The APG would see two segments being prepared, one from March 22 to March 27, and the other from April 5 to April 9. The AAG would be repaired from March 30 to April 4. The IA meanwhile is expected to be repaired in mid-March. Reparation schedule for the AAE-1 cable (Asia-Africa-Euro 1) has yet to be announced. Vietnam is currently connected with seven undersea cables: SMW3, AAG, IA, APG, AAE-1, SJC2 and ADC. The SJC2 and the ADC are yet to be officially operational, while the SMW3 cable is outdated and about to be decommissioned. It means Vietnam has five active undersea cables that connect it to the … [Read more...] about Three undersea Internet cables to be repaired from March

Roundtable: Large foreign investment funds want to pour money into the Vietnamese stock market Quan Duc Hoang, chairman of A+ Fund, made the comments about foreign capital at the roundtable 'New Investments amid New Volatility' hosted by VIR at its headquarters in Hanoi on February 7. “Recently, I have business trips to work with big investment funds in the United States, the United Kingdom, and South Korea. Not one of these investment funds have a sensitive overview of the Vietnamese investment environment. They estimate that it is an ideal time for investors to collect a portfolio of shares,” Hoang said. “In spite of the difficult situation, during the past nearly 30 years, I have yet to see a large investment opportunity similar to the current situation because many Vietnamese enterprises are operating smoothly and generating good profits. Besides, we have yet to take thorough advantage of the opportunity from free trade agreements, especially EVFTA. The important note is … [Read more...] about Foreign investment funds plan to pour money into Vietnamese stocks

Established last December between Vietnam and the International Partners Group (IPG), the Just Energy Transition Partnership (JETP) could facilitate Vietnam in achieving its goal of net-zero by 2050 and a future for green power. Chan Hong and Vi Nguyen, lawyers, Dentons LuatViet, Dentons Global Highlights of Vietnam JETP $15.5 billion to be mobilised An initial amount of at least $15.5 billion will be deployed over the next 3 to 5 years through a combination of financial instruments with the following breakdown: • IPG members will mobilise half of that total ($7.75 billion) through public sector financing, likely on more attractive terms than Vietnam could secure in the capital markets. • Glasgow Financial Alliance for Net Zero Working Group (GFANZ) members will work to mobilise and facilitate the other $7.75 billion through private financing, once the public sector financing has been secured by the IPG. JETP Resource Mobilisations Plan The initiative … [Read more...] about $15.5 billion in financing for green energy from Just Energy Transition Partnership

ASEAN countries like Vietnam are not spared from the impact of climate change. Rapid economic development also means increasing demand for energy and power to meet the pace of growth, which leads to an increase in CO2 emissions. The journey to a cleaner future Takeshi Masuyama, Managing director, regional head of Vietnam, MUFG Bank, Ltd. The Vietnamese government has announced in various international forums its commitment to address environmental issues, and has firmed up its national net-zero target. In addition, the announcement of the Vietnam Just Energy Transition Partnership (JETP) in last December is another milestone and will further rally the private and public sectors towards accelerating the country’s green transition. MUFG is part of the working group convened by the Glasgow Financial Alliance for Net Zero (GFANZ) supporting the JETP initiative for Vietnam. The sustainability mission Since announcing our Carbon Neutrality Declaration in 2021, MUFG … [Read more...] about Committed to empowering a brighter future

Entering 2023, Microsoft and Google announced global lay-offs of 10,000 and 12,000 employees, respectively. IBM laid off nearly 4,000 members, while Spotify cut about 6 per cent of staff. Since November last year, Meta, Amazon, and HP have also adjusted thousands of positions. Tech lay-off wave continues to bite at Vietnam’s heels, Illustration photo/ Source: freepik.com In Southeast Asia, Shopee parent company Sea Group, Crypto.com, e-commerce platform JD.ID, and GoTo – a merger between ride-hailer Gojek and e-commerce platform Tokopedia – are among the companies that experienced a drastic staff cut in the past year. GoTo in November 2022 cut 1,300 jobs, equivalent to 12 per cent of the number of employees, while Sea Group let go of 7,000 employees in the past six months. Both companies cited a common cause being challenging macroeconomic conditions. Industry insiders in Vietnam are generally wary of the effect this laid-off wave might have on the domestic market. … [Read more...] about Tech lay-off wave continues to bite at Vietnam’s heels

After Meta, Amazon, Twitter, and Tesla, Xiaomi has become the next name to join the list of leading tech companies forced to cut staff. In a December 20 announcement, a Xiaomi representative confirmed that about 10 per cent of the total workforce will be affected by the reduction policy implemented by the company to “optimise full-time and organisational rationalisation”. Tech group lay-off wave reaches Vietnam, illustration photo/ source freepik.com Xiaomi had over 35,300 employees as of the end of September, according to its third-quarter earnings report. It is expected that about 5,000 Xiaomi employees will ultimately be affected in the near future, mainly those working in the smartphone and internet service business units. The decision by the fifth-largest smartphone vendor in the Chinese market comes after seeing a 9.7 per cent drop in Q3 results on-year. Xiaomi is not the only tech company in Asia to start laying off staff. A week earlier, online commerce … [Read more...] about Tech group lay-off wave reaches Vietnam