Vietnam quarantine extended

A view of the massive fire at the fuel depot, sparked overnight by a lightning strike in Matanzas in western Cuba . (Photo: AFP) Hanoi (VNA) – Top Vietnamese leaders have sent messages of sympathy to their Cuban counterparts over severe losses caused by a massive blaze in an oil storage facility in Cuba’s province of Matanzas on August 5. General Secretary of the Communist Party of Vietnam Central Committee Nguyen Phu Trong and President Nguyen Xuan Phuc on August 7 cabled messages of sympathy to First Secretary of the Communist Party of Cuba Central Committee and President Miguel Díaz-Canel. Prime Minister Pham Minh Chinh and Chairman of the National Assembly Vuong Dinh Hue also extended their sympathy to Cuban PM Manuel Marrero Cruz and President of the National Assembly of People's Power Esteban Lazo Hernandez, respectively, over the tragic incident. The same day, Minister of Foreign Affairs Bui Thanh Son sent a similar message to his Cuban counterpart Bruno … [Read more...] about Vietnamese leaders extend sympathy to Cuba over oil tank explosion

At a meeting with the leader of the southern province of Binh Duong last week, chairman of Sharp Corporation Yoshihiro Hashimoto revealed an expansion plan in the locality. Investors already with factories in the country are demonstrating that they trust the business climate here, Photo: Le Toan Sharp Group is exploring opportunities in the southern provinces of Vietnam, including Binh Duong, to move the supply chain away from the Chinese market, promoting market diversification and distribution, according to Hashimoto. “In the coming time, Sharp will continue to expand and build one more large-scale factory, oriented to develop high-tech and advanced products,” he said. Binh Duong is assessed as a locality with an attractive investment environment, in line with Sharp’s criteria. The group has two production factories located in Vietnam, at Singapore Industrial Park (VSIP) I and an extended VSIP II. Sharp hopes to be supported in construction land, labour, and … [Read more...] about New foreign capital stutters despite overall deal boost

Visa last week announced the launch of Eco Benefits in Asia-Pacific. It is a suite of sustainability-focused solutions that will help Visa cardholders across the region better understand the environmental impact of their day-to-day payments. Over half of Vietnamese consumers now regularly shop online and expect to be able to pay by card Banks that sign up for Eco Benefits will be able to offer these solutions to their Visa cardholders and meet the growing demand for sustainable financial services. According to a new Visa/YouGov survey, 66 per cent of consumers in Asia-Pacific expect their bank to offer eco-friendly payment solutions. Over half (52 per cent) would switch banks in order to access a product or service that helps them understand the carbon footprint of their spending. In Vietnam, Eco Benefits aligns with the National Green Growth Strategy for 2011-2030 by promoting greener lifestyles and sustainable production. The new product is also in line with the … [Read more...] about ECO-FRIENDLY payment initiative launched by Visa

Prime Minister Pham Minh Chinh visits Terminal S8 on Cau Giay street of the Nhon-Hanoi Station urban railway. (Photo: VNA) Hanoi (VNA) – Elevated sections of the urban railway from Nhon to Hanoi Station must be completed before December 31, 2022, said Prime Minister Pham Minh Chinh during a meeting with contractors and leaders of concerned ministries and Hanoi on August 7. The meeting aimed to seek ways to resolve challenges hampering the progress of one of the most critical infrastructure projects in Hanoi. Construction of the railway started in 2008 and was initially planned to finish in 2015. The double-track railway is 12.5km long, with the elevated sections spanning 8.5km and the remaining 4km underground. Only 75% of the work has been completed, with investment doubling to more than 34 trillion VND (over 1.45 billion USD). The Hanoi People’s Committee, consultants and contractors are held responsible for the project’s extended delays, PM Chinh said, adding that there … [Read more...] about PM Pham Minh Chinh checks progress of Nhon-Hanoi Station urban railway