Viet Nam News HÀ NỘI — Typhoon Sơn Tinh – the third typhoon to hit the East Sea this year – is forecast to make landfall in provinces from Thái Bình to Hà Tĩnh on Wednesday night with wind speeds reaching 75km per hour. At 7am on Wednesday, the typhoon was about 390km to the east of provinces from Thái Bình to Hà Tĩnh, and was moving west at 25-30km per hour. Torrential rains with up to 350mm are forecast in northern delta provinces down to localities from Thanh Hóa to Quảng Bình. The provinces of Hòa Bình, Sơn La, Lai Châu, Điện Biên, Lào Cai, Yên Bái, Hà Giang, Tuyên Quang, Quảng Ninh, Thanh Hóa, Nghệ An, Hà Tĩnh and Quảng Bình have been put on high alert of landslides and flash floods, the national forecasting centre said. Lowland and urban areas in Hải Dương, Hà Nam, Nam … [Read more...] about Typhoon Sơn Tinh to make landfall Wednesday night
Over 254 million tonnes of cargo handled via ports in H1
YM Wellhead vessel docks at Tân Cảng Port. — VNA/VNS Photo Đoàn Mạnh DươngViet Nam News HÀ NỘI — Việt Nam’s seaports handled 254.8 million tonnes of cargo during the first half of this year, up 17 per cent from the same period last year, the Việt Nam Maritime Administration (VMA) has reported. … [Read more...] about Over 254 million tonnes of cargo handled via ports in H1
Trump now says no ’time limit’ to denuclearize North Korea, notes Putin’s involvement
US President Donald J. Trump (R) delivers remarks to members of the news media while meeting with members of Congress in the Cabinet Room of the White House in Washington, DC, USA, July 17, 2018. — EPA PhotoViet Nam News WASHINGTON — President Donald Trump said today there is no hurry to denuclearise North Korea under his accord with Kim Jong Un -- a shift in tone from when the US leader said the process would start very soon. "Discussions are ongoing and they’re going very, very well," Trump told reporters. "We have no time limit. We have no speed limit." Trump said he discussed North Korea with Russian President Vladimir Putin on Monday at their summit in Helsinki. "President Putin is going to be involved in the sense that he is with us," Trump said. The Republican president met with Kim on June 12 for an unprecedented summit in Singapore during which the North Korean leader pledged to work toward denuclearisation of the peninsula. But the accord did not … [Read more...] about Trump now says no ’time limit’ to denuclearize North Korea, notes Putin’s involvement
Tiki launch cross border channel backed by JD.com
Despite suffering losses over the past seven years domestic e-commerce platform Tiki continues to carry out its market expansion plan, recently launching its first cross-border channel with significant support from Chinese giant JD.com. Tiki Global's website, including JD.com pavilion On July 11 Tiki officially launched its first cross-border ordering service “Tiki Global” and a JD.com e-commerce pavilion with thousands of original genuine goods on offer from its foreign partners. Tiki’s new shopping channel enables consumers to purchase original foreign goods without any intermediates. The goods are shipped directly from foreign manufacturers in 8-15 days. Goods currently sold on Tiki Global are mainly electronic equipments, cosmetics, and items for mothers and babies. The company’s launch of its cross-border channel is predictable since Tiki received a huge investment sum of $44 million from JD.com - its biggest shareholder. As well as JD.com, many … [Read more...] about Tiki launch cross border channel backed by JD.com
LPGA’s Lincicome excited to challenge men in PGA event
Viet Nam News Golf WASHINGTON — Brittany Lincicome, hoping to be a trailblazer, will become only the sixth woman to compete in a men’s PGA Tour event when she tees off on Thursday at the Barbasol Championship. The 32-year-old American, a two-time major champion and eight-time LPGA winner, will be among 132 starters at Keene Trace Golf Club while most of the top men’s players compete in the British Open at Carnoustie. "I’m really, really excited," Lincicome said in a Tuesday essay on The Players Tribune website. "I’ll just be out here swinging for the fences and having the time of my life." Swedish superstar Annika Sorenstam became the first woman in 58 years to appear in a PGA event when she played the Colonial in 2003, missing the cut. Michelle Wie later played in a handful of PGA events, never making the cut. Babe Zaharias and Suzy Whaley also competed in PGA tournaments. "All the girls in the locker room thought it was awesome," Lincicome told … [Read more...] about LPGA’s Lincicome excited to challenge men in PGA event
Can Xiaomi bring long term benefits to Digiworld?
Despite last year’s expansion to household goods and functional foods, Digiworld’s current revenues have completely depended on Xiaomi. Xiaomi has opened eight stores in Vietnam Retaining focus on mobile phones Digiworld Corporation (HSX: DGW) recently announced its highest sales figures to date. The company’s revenue for the second quarter was VND1.363 trillion ($60 million), up 72 per cent on-year. This increased the revenue of the first half of the year to VND2.628 trillion ($115.8 million), up 70 per cent on-year and equalling 56 per cent of the yearly plan. Digiworld’s profits also increased to VND23 billion ($1.01 million), up 13 per cent compared to the second quarter of last year. Profit after tax was estimated at VND42 billion ($1.85 million) for the first half of the year, equivalent to 42 per cent of the yearly plan. This business result records the efficiency of co-operation between Digiworld and Xiaomi while applying Market Expansion … [Read more...] about Can Xiaomi bring long term benefits to Digiworld?
Nghi Son Refinery and Petrochemicals heading for insolvency
Unless PetroVietnam contributes sufficient capital to its joint venture project, lenders will not disburse and Nghi Son Refinery and Petrochemicals LLC (NSRP) will default. Nghi Son Refinery and Petrochemicals LLC is the joint venture of PetroVietnam, Idemitsu Kosan, Kuwait Petroleum International, and Mitsui Chemicals In a document sent to the Ministry of Industry and Trade (MoIT), Vietnam National Oil and Gas Group (PetroVietnam) said that the group is facing many obstacles in the process of adjusting total investment and state capital contribution at Nghi Son Refinery and Petrochemicals project. “All the contribution capital parties are pushing PetroVietnam to complete its state capital contribution this July, as following this lenders will disburse the loans as commitments. Without the disbursement of the loans, the project will default,” vnexpress.net quoted a paragraph of the document. The Nghi Son Refinery and Petrochemicals project was approved on … [Read more...] about Nghi Son Refinery and Petrochemicals heading for insolvency
China’s BRI brings firms from Hong Kong to Vietnam
Hong Kong companies are moving to Vietnam for investment and business purposes, capitalising on opportunities arising from China’s Belt and Road Initiative. Hong Kong is becoming a close economic partner of Vietnam amid the ambitious Belt and Road Initiative, Photo: Le Toan Margaret Fong, executive director of the Hong Kong Trade and Development Council (HKTDC), said, “Hong Kong could be Vietnam’s partner in exploring new business opportunities arising from the Belt and Road Initiative (BRI). We believe that there are many things we can do together with Vietnam as Hong Kong is now focused on going international.” According to Fong, the HKTDC will host the In Style Hong Kong Expo in Ho Chi Minh City this September. The expo is a two-day B2B trade exposition, showcasing a wide variety of quality branded and designer-led lifestyle products from Hong Kong companies. In March, a delegation of 60 Hong Kong companies in the finance, legal, accounting, and … [Read more...] about China’s BRI brings firms from Hong Kong to Vietnam
French-style architecture works in Hue to be protected
Hue Culture Museum (Source: VNA) Thua Thien-Hue (VNA) - The People’s Committee of the central province of Thua Thien-Hue has announced a plan to preserve French-style architecture works. The works include 11 State-managed architectures in Hue ancient city such as Hue University, Hue Station, Hue Culture Museum and Diem Phung Thi Art Gallery; and 16 others owned by organisations and households. French-style architecture in Hue is part of the rich architectural history of the former imperial capital city. The Hue Culture Museum at No. 25 Le Loi street was built in the style of ancient French architecture. It comprises one two-storey working building and another one with three floors. The brick-wall buildings share the same stairs. Hue Youth Culture Centre, which was L'Accueil formerly, was built in 1939. It is typical of the architecture style of exploitation and application of factors like weather, climate and indigenous culture. In recent years, a series of … [Read more...] about French-style architecture works in Hue to be protected
Vietnamese food and culture on show in Thailand
A Vietnamese Food and Culture Promotion Week was launched in Bangkok, Thailand on July 16 in the presence of representatives from foreign embassies in Bangkok, international guests and the Vietnamese community in Thailand. An art performance on the opening night - Photo: VN+ The event, which will last until July 22, is being held by the Vietnamese Embassy in Thailand, in collaboration with Thai Vietjet Air, an affiliate of Vietnam’s budget airline Vietjet Air, and Dusit Thani Hotel. Addressing the opening night on Monday, Vietnamese Ambassador to Thailand, Nguyen Hai Bang, stressed that food is a unique feature of Vietnamese culture, and Vietnamese cuisine has found global appreciation for its nutritional and cultural values. He highlighted the fondness of the international community for Vietnamese dishes, while stating that Vietnamese cuisine has been advertised in many countries around the world, and Vietnamese food restaurants in Thailand always attract large crowds … [Read more...] about Vietnamese food and culture on show in Thailand