It was hard to believe that I was swimming among giant sharks. Viet Nam News By Daisy Tran People tired of quick vacations trips with many pit stops or bored of walking on beaches and shopping for luxury goods should consider visiting Oslob in Cebu, the Philippines. It offers some of the coolest experiences on the planet like jumping off waterfalls and swimming with whale sharks. To each Oslob, you have to fly down to Cebu and make a four-hour road trip. The whale shark (Rhincodon typus) is a slow-moving, filter-feeding carpet shark and the largest fish on earth. The largest confirmed individual measured 12.65 metres, or almost the size of a city bus, and weighed 21.5 tonnes. It is found in open waters in tropical oceans and rarely in waters below 21°C. Oslob is one of several places in the world where locals have successfully seduced the gentle giants to come near shore for feeding. But if you want to see and swim with them, you have to race against … [Read more...] about Swimming with whale sharks in the Philippines
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BUSINESS NEWS 7/8
PM to chair meeting on wood exports Prime Minister Nguyen Xuan Phuc will chair a meeting on wood processing industry and forestry exports in HCM City on August 8, the Ministry of Agriculture and Rural Development’s Viet Nam Administration of Forestry has announced.The forthcoming event will attract the participation of more than 500 enterprises operating in wood and representatives from foreign and domestic agencies. They will discuss measures for the fast and sustainable development of timber industry in the time to come.Statistics from the administration revealed that the country earned US$5 billion from forestry exports in the first seven months of this year, up 14 per cent year-on-year.The exports fulfilled nearly 56 per cent of the yearly target and made up 22.6 per cent of the total turnover of the agriculture sector.The US, China, Japan and South Korea were the largest forestry importers of Vietnamese timber goods. Other markets with strong growth … [Read more...] about BUSINESS NEWS 7/8
BUSINESS NEWS IN BRIEF 5/8
VNR to keep divesting its subsidiaries Vietnam Railway Corporation (VNR) wants to continue the divestment of its subsidiaries, aiming to improve competitiveness and attract investors to enhance efficiency after three years on a downward spiral. A report on the results of the first six months of 2018 from VNR shows that all of its business indicators are on the rise, with revenue amounting to some VND4,000 billion, up 17.8% year-on-year, and with profit reaching VND106 billion. According to the report, the growth in revenue results from a series of renovation solutions for railway services, including replacing new cars, flexibly increasing and decreasing ticket prices depending on the market demand and linking to the tourism sector to attract passengers in groups. As railway transport models are still facing challenges, VNR has been forced to continue rearranging and restructuring its mechanisms and activities to sustain its operations and develop further. Besides this, the corporation … [Read more...] about BUSINESS NEWS IN BRIEF 5/8
BUSINESS NEWS IN BRIEF 4/8
PetroVietnam signs deals on Sao Vang-Dai Nguyet gas field exploitation A series of trade agreements on exploiting the Sao Vang-Dai Nguyet gas field was inked between the Vietnam National Oil and Gas Group (PetroVietnam) and its partners in Hanoi on July 31. The agreements included a gas sales and purchase and a gas supply agreement. The stakeholder participation in the Petroleum Sharing Contract includes the operator Idemitsu Kosan Co Ltd with 43.08 percent; Teikoku Oil (Con Son) Co Ltd, 36.92 percent; and PetroVietnam, 20 percent. Speaking at the signing ceremony, PVN General Director Nguyen Vu Truong Son said the signing of trade agreements achieved after over two years of negotiations among sides involved. He said the event is very significant for the gas filed to turn out the first flow of oil and gas in the third quarter of 2020, with an estimated annual output of 1.5 billion cubic metres of gas and of 2.8 million barrels of crude oil and natural-gas condensate. The … [Read more...] about BUSINESS NEWS IN BRIEF 4/8
Siemens eyes Asia as key market for advanced turbine sales
Prime Minister Nguyen Xuan Phuc (third right) looks at an F- class turbine - the engine has been selected for Vietnam’s Nhon Trach 2 power plant in Dong Nai Province. He was on a visit to Siemens’ turbine plant in Berlin in July 2017.- Photo Siemens Thomas Hagedorn, head of sales for the Asia and Pacific region of the Siemens power and gas division, said Siemens’s latest HL-class turbines would be the right solution for many countries in Asia. Bloomberg’s 2017 energy outlook forecasts the continent will need to have the world’s highest power by 2040 to meet development demands. Introduced to the market last September, the HL-class gas turbines combine a series of new but tested technologies to enhance the efficiency of combined cycle gas turbines (CCGT) to beyond 63 per cent. With a mid-term goal to reach CCGT efficiency of 65 per cent, Siemens may surpass its arch rival GE, which announced in March this year its most efficient combined cycle gas … [Read more...] about Siemens eyes Asia as key market for advanced turbine sales