What you need to know today in Vietnam: Politics -- Vietnam's Assistant Minister of Foreign Affairs Do Hung Viet and Israel's Ministry of Foreign Affairs’ Political Director Alon Bar co-chaired the fourth political consultation conference between the two ministries via videoconference on Thursday, according to the Vietnam News Agency . Society -- The Ho Chi Minh City Department of Health issued a document on Thursday urging the local healthcare system to beef up monitoring of people coming from abroad, especially from countries where monkeypox cases have been recorded, at borer gates to timely repond to any infection found. -- Many trees were uprooted and advertising boards were blown off when rains and strong winds hit Ho Chi Minh City on Thursday evening. -- Three died and one was injured as a house wall collapsed in Vinh Phuc Province, northern Vietnam on Thursday, according to local authorities. -- The Economic Committee of the National Assembly has just … [Read more...] about Breakfast @ Tuoi Tre News – May 27
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Kevin Coppel, Asia-Pacific managing director (left ) and Christine Li, Asia-Pacific head of research for Knight Frank in Singapore When the US-China trade tensions bubbled over in 2018, corporates found it increasingly difficult to carry out business in China due to sourcing uncertainties and rising costs. This trend only worsened in the face of the pandemic and resulting border closures. Businesses responded by pursuing opportunities to set up bases outside of China while still retaining a stake in one of the world’s strongest economies. The China+1 strategy thus emerged. It is based on diversifying its supply base into other countries in order to minimise the risk of disruptions arising from geopolitical tensions, trade wars and tariffs, as well as rising labour costs. These companies are not abandoning China but rather giving themselves options, enjoying the best of what China and other economies have to offer. In pursuit of the China+1 strategy, the spotlight is naturally … [Read more...] about Will Vietnam become a big geopolitical beneficiary?
A landslide in Lai Chau province (Photo: VNA) Hanoi (VNA) – As of May 25 morning, flash floods triggered by downpours had claimed five lives, including two in the northern mountainous province of Tuyen Quang, and one each in Hoa Binh, Dien Bien and Quang Ngai. Meanwhile, four people in Tuyen Quang and one in Dien Bien were injured. Up to 317 houses in Ha Giang, Bac Kan, Tuyen Quang, Yen Bai, Dien Bien, Lao Cai, Thai Nguyen, Phu Tho, Cao Bang, Hoa Binh and Thanh Hoa provinces were damaged. Meanwhile, in excess of 19,250 ha of crops, 426.6 ha of aquaculture and 6,898 poultry and animals were either inundated or swept away. A landslide on a dyke in Son Duong district of Tuyen Quang province (Photo: VNA) In Dien Bien’s Muong Cha district, landslide has buried a house while five others were in high-risks areas. In the capital city of Hanoi, at least 11 big trees fell down due to heavy rains on the past two days and flooding were recorded in various districts. … [Read more...] about Death toll from floods in northern region rises
Tam Dao District in the northern province of Vinh Phuc has faced serious flooding following torrential heavy rains that brought a record amount of rainfall in 60 years. Military officers join in rescue work during the floods in Tam Dao on May 24 A report from the Tam Dao District People's Committee said that the area saw intense rain from May 22-24, which has caused several dams to break, inundating many houses in Hop Chau Town and the communes of Ho Son, Dai Dinh, and Minh Quang. "More than 20 kilometres of roads in the area were deeply submerged or blocked by landslides," the report said. "Over 170 hectares of fruit trees, vegetables, and rice have been damaged. The total losses are estimated at about VND3 billion. In an inspection of some flooded sites in Hop Chau Town on May 25, the chairman of Tam Dao District People's Committee Dinh Van Muoi asked local authorities to take urgent measures to curb the flooding and ensure … [Read more...] about Tam Dao heavily flooded after 60-year record rainfall