U.S., North Korean delegations arrive in Hanoi for summit preparationsThe Saigon Times Daily South Korean reporters stand in front of the North Korean Embassy in Vietnam - PHOTO: THUY DUNG HCMC – A U.S. delegation arrived in Hanoi on Monday to work with the competent Vietnamese agencies on security for the upcoming summit between U.S. President Donald Trump and North Korean leader Kim Jong Un, while Kim’s delegation has been present in Hanoi since February 16, the local media reported. The U.S. delegation and the Vietnamese agencies have finalized plans to welcome U.S. President Trump and his entourage at Noi Bai International Airport. When welcoming the U.S. delegation, the airport will be at its highest security level, with 800 security officers. Over the last few days, the U.S. Embassy in Hanoi and the Vietnamese Ministry of Foreign Affairs have surveyed the airport and surrounding areas. Meanwhile, a delegation from North Korea, led by Kim Chang-son, chief … [Read more...] about U.S., North Korean delegations arrive in Hanoi for summit preparations
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BUSINESS NEWS IN BRIEF 19/1
Hanoi 3rd in JLL's City Momentum Index The Asia-Pacific is home to 19 of the top 20 cities on the sixth City Momentum Index published by JLL, highlighting the continuing shift of fast urban growth from the West to the East. Overall, Indian and Chinese cities dominate the rankings, accounting for three quarters of the top 20. Leading the pack are Bengaluru and Hyderabad in India, with Hanoi third. “Asia continues to show strong momentum, with cities that are successfully expanding their innovation economy punching above their weight in terms of attracting capital, companies, and people,” said Mr. Jeremy Kelly, Director of Global Research at JLL. “It’s clear that the tech sector is a key driver of both real estate and economic momentum - driven by large technology firms as well as dynamic startups in cities like Bengaluru, Hyderabad, Ho Chi Minh City and Shenzhen.” Although the global economic cycle is in its late stages, there are still many cities in the … [Read more...] about BUSINESS NEWS IN BRIEF 19/1
BUSINESS NEWS IN BRIEF 22/12
Experts want to reduce number of export inspections Experts have suggested changing the number of and the time spent for inspections of export activities, including customs clearance, to help reduce costs for enterprises. Speaking at a seminar held in Ho Chi Minh on December 20, Tran Ngoc Liem, deputy director of the Vietnam Chamber of Commerce and Industry (VCCI) HCM City, said that overlapping inspection procedures were causing problems for enterprises. The General Department of Vietnam Customs said that procedures accounted for up to 50 percent of customs clearance time. Many shipments have been inspected, but still have not been cleared, it said. Even after three months, State agencies are still conducting inspection checks. Phan Duc Hieu, deputy head of the Central Institute for Economic Management (CIEM), said the proportion of imports and exports subject to specialised inspections at customs clearance was up to 30-35 percent and would be reduced to 15 percent under a … [Read more...] about BUSINESS NEWS IN BRIEF 22/12
S. Koreans go to North for railway reconnection survey
A South Korean train left Dorasan station Friday and crossed into North Korea. — AFP/VNA PhotoViet Nam News SEOUL — A train carrying South Korean engineers and officials crossed into the North on Friday to begin a landmark joint survey to reconnect railway tracks between the two Koreas. Linking up the railway systems was one of the agreements made earlier this year in a key meeting between North Korean leader Kim Jong Un and the South’s President Moon Jae-in. It is the first time since 2007 a train from the South has entered North Korea. TV footage on Friday showed a red, white and blue train -- displaying a banner reading "Iron Horse is now running toward the era of peace and prosperity" -- pull away from the South’s Dorasan station, the nearest terminal from the western part of the inter-Korean border. "This signals the start of co-prosperity of the North and the South by reconnecting railways," Transport Minister Kim Hyun-mee said. She added the railway … [Read more...] about S. Koreans go to North for railway reconnection survey
Trump says expects announcement of new summit with North Korea’s Kim ‘pretty soon’
Trump says expects announcement of new summit with North Korea's Kim 'pretty soon' The Saigon Times Daily U.S. President Donald Trump participates in a signing ceremony for the U.S.-Korea Free Trade Agreement with South Korean President Moon Jae-in on the sidelines of the 73rd United Nations General Assembly in New York, U.S., September 24, 2018 – PHOTO: REUTERS UNITED NATIONS (REUTERS) - U.S. President Donald Trump said on Monday he expected a second summit with North Korean leader Kim Jong Un to be announced “pretty soon” but that the location had yet to be determined. Trump, during a meeting with South Korean President Moon Jae-in at the United Nations, said: “Chairman Kim has been really very open and terrific, frankly. I think he wants to see something happen.” Moon met with Kim for a third time last week. He said he brought Trump a personal message from the North Korean leader saying he was hoping to meet with the U.S. president again soon. … [Read more...] about Trump says expects announcement of new summit with North Korea’s Kim ‘pretty soon’