According to South Korean police, Jinhong Kil brought a kitchen knife and a portable fire extinguisher to a branch of Shinhhyup bank in Daejeon City of South Korea on August 18. He threatened staff with the knife, forcing them to put all the cash available at the bank into a bag. Then he used the extinguisher to spray other staff and ran away. Police said he robbed 39 million won (US$29,000) from the bank in total. His family and friends said he was in debt due to gambling. On August 20, Jinhong fled South Korea and police later found him hiding in Vietnam's Da Nang City. South Korean police then worked with Interpol on the case. On September 10, Jinhong was detected in Khue My Ward in Ngu Hanh Son District. A team of Da Nang City's police and officers from the Ministry of Public Security ambushed and arrested him. Vietnam and South Korea signed an extradition agreement in September 2003 that took effect in April 2005, with each party agreeing to extradite any person … [Read more...] about Vietnam police return Interpol fugitive to South Korea
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CBAM may hinder EVFTA advantages for steel industry
Nghiem Xuan Da, chairman of the Vietnam Steel Association (VSA), said, "The CBAM is the latest challenge for Vietnam's steel industry amidst an already tough business climate as it tries to increase exports to Europe under the EU-Vietnam Free Trade Agreement (EVFTA)." The CBAM is the EU's landmark attempt to put a fair price on carbon emissions produced from carbon-intensive goods entering the EU. It aims to encourage cleaner industrial production in non-EU countries. According to the VSA, Vietnamese steel exports to the EU have been on a positive trajectory thanks to the implementation of the EVFTA in August 2020, along with the recent shortfall in steel supply to the EU. Steel exports in the first six months of 2023 reached 1.36 million tonnes, with export turnover reaching about $1 billion, an increase of 1.5 times compared to the same period in 2022. In response to the new policy, Posco Yamato Vina Steel (Py Vina), under South Korea's Posco Group, is researching a new … [Read more...] about CBAM may hinder EVFTA advantages for steel industry
Hong Kong to help elevate Việt Nam’s stock market potential
Christina Bao, Co-Head of Sales & Marketing at the Hong Kong Exchanges and Clearing Limited (HKEX). — Photo courtesy of HKEX The Vietnamese stock market is a key capital mobilisation channel for the economy and is undergoing improvement and upgrading towards emerging status. Considered as Asia’s financial hub, Hong Kong is a role model for Việt Nam to follow. When Christina Bao, Co-Head of Sales & Marketing at the Hong Kong Exchanges and Clearing Limited (HKEX), came to Việt Nam for a conference, Việt Nam News reporter Ly Ly Cao took the opportunity to speak to her about solutions to enhance the country’s stock market and how Hong Kong can support Việt Nam in the upgrading process. What do you think about the Vietnamese stock market in its current state? Việt Nam’s economy is on very strong momentum in terms of GDP growth, which grew by more than 8 per cent last year and is hopefully to reach 6 per cent this year. This sets a very strong foundation for the local … [Read more...] about Hong Kong to help elevate Việt Nam’s stock market potential
Vietnam world’s 40th best country for ‘comfortable’ retirement
Vietnam stood behind its Southeast Asian neighbors such as Thailand (18th), the Philippines (27th), Singapore (29th), Malaysia (31st) and Indonesia (39th) where retirement visas have already been offered for years. However, it was placed higher than South Korea (50th), Cambodia (52nd), China (62nd) and Myanmar (75th) in the region. The ranking was based on a global survey of more than 17,000 people recording their perceptions on several factors: affordability, favorable tax environment, friendliness, pleasant climate, respect for property rights and a well-developed public health system. This year, Switzerland was voted the best country for retirees, followed by Portugal and Australia. Last year, Vietnam ranked 39th among 85 destinations. Cheap living costs, high-quality healthcare and low levels of violent crime have pushed Vietnam's reputation as an ideal choice for foreign retirees. Tourism industry insiders believe Vietnam has a great opportunity to become a paradise … [Read more...] about Vietnam world’s 40th best country for ‘comfortable’ retirement
Cultural space of Vietnam’s 54 ethnic groups presented on “digital museum”
Photos of more than 60 colourful traditional costumes of various ethnic groups across Vietnam are being displayed on Google Art and Culture platform. (Google screenshot) Hanoi (VNA) - A collection of hundreds of high-quality photos depicting the culture and life of 54 ethnic minority groups across Vietnam is being on display for the first time on the global digital platform , Google Arts & Culture. The exhibition, titled "Precious Heritage Art Gallery Museum" by French photographer Réhahn Croquevielle, includes vibrant photos showcasing over 60 colourful traditional costumes from various ethnic groups such as Dao, Bo Y, O Du, Phu La, La Hu, Pu Peo, Pa Then, and Si La. It also features interesting stories and unique artefacts that the author collected during his journey throughout Vietnam, discovering the beauty of the country and its people. Information on each photo is provided in Vietnamese, English, and French. Images of 54 ethnic groups living in the … [Read more...] about Cultural space of Vietnam’s 54 ethnic groups presented on “digital museum”