Deep C Industrial Zones in the northern port city of Haiphong are shaping up to become a next-generation eco-park equipped with state-of-art utilities meeting international standards. Power from the regional and national grids is complemented by renewable energy generated on the spot The original development began with Dinh Vu IZ on the Dinh Vu Peninsula in Haiphong. From a deserted area mainly used for fishing, over the past 20 years, the peninsula has turned into a fully-functioning IZ with reliable state-of-the art utility systems. So far, it has attracted $3.7 billion in investment from 84 multinational companies and created more than 10,000 jobs directly and 50,000 indirectly. Both local and foreign businesses investing in Haiphong and the Deep C cluster are thriving. Tenants not only enjoy sustainable industrial development, but also benefit from Deep C’s prime location and good connectivity. Thanks to the success of Dinh Vu IZ – also known as Deep C I … [Read more...] about Deep C turns to green growth to develop pioneer eco park
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Bamboo Airways gets Government’s approval
Bamboo Airways gets Government's approval The Saigon Times Daily Vietnamese construction company FLC Group and its subsidiary Bamboo Airways introduce Brand Identity Division for the startup airline on April 20 – PHOTO: VGP HCMC – Deputy Prime Minister Trinh Dinh Dung has signed a decision on behalf of the Prime Minister giving approval in principle for the Bamboo Airways air transport project, the Government news website reported. Bamboo Airways, a subsidiary of property developer FLC Group, is set to be headquartered at Phu Cat Airport in the south-central coastal province of Binh Dinh, according to Prime Minister’s Decision No. 836, dated July 9. The Prime Minister has asked the Ministry of Transport to appraise the airline project and issue a business license for aviation transport in line with the prevailing regulations. Meanwhile, the People’s Committee of Binh Dinh will be responsible for verifying the information of the project and inspecting … [Read more...] about Bamboo Airways gets Government’s approval
Viet Nam’s queen of cycling
Viet Nam News The southern province of An Giang has given Việt Nam a cycling heroine. She is Nguyễn Thị Thật. People call her “the Queen of Vietnamese Cycling”. She won Việt Nam’s first women’s Asian gold medal at the Asian Road & Para-Cycling Championships 2018 in Myanmar. by Thanh Nga Nguyễn Thị Thật, “Queen of Vietnamese cycling” has marked 2018 by winning the country’s first-ever women’s Asian gold medal at the Asian Road & Para-Cycling Championships 2018 in Myanmar. She overcame 26 rivals, including powerhouses from China, Japan and South Korea, to take first place in the women’s 106-km road race in February. Thật, 25, from the southern province of An Giang, said the gold medal in Myanmar will be a driving force for her to take the gold in the upcoming Asian Games (ASIAD) 2018 to be held in Indonesia from August 18 to September 2. With the aim of … [Read more...] about Viet Nam’s queen of cycling
U.S. multinationals set to face much more pain from strong dollar World
The surging value of the U.S. dollar may be posing the biggest threat to U.S. corporate earnings since the 2008 financial crisis, hurting results at most U.S.-based multinationals. Some on Wall Street are even talking about an earnings recession. The dollar’s gain of 22 percent in the past 12 months against a basket of major currencies has landed a double whammy on U.S. companies with big sales abroad. Revenue and earnings from foreign markets are worth less when translated into greenbacks and their costs become relatively less competitive against rivals producing in countries with declining currencies. Dollar moves of this magnitude in the past have resulted in what Bank of America/Merrill Lynch strategists term an "earnings recession," which is generally defined as at least two successive quarters of declining earnings from the year-earlier quarters. The brokerage says that a 25 percent gain in the U.S. dollar in a 12-month period has historically coincided with a 10 percent … [Read more...] about U.S. multinationals set to face much more pain from strong dollar World
Lions special to Viet Nam
Sculptures of lions are in many famous places in Beijing. One also finds them in Viet Nam. Wild lions have never lived in either China or Viet Nam. The creatures are present in the cultures of both countries, but the Vietnamese version has different features. By Nguyen My Ha When we visited the Forbidden City in Beijing in September, I was surprised to see giant lions statues guarding the entrance to the Royal Citadel. It was the week prior to China's National Day, and Tiananmen Square was bursting with colour, crowded with people who had travelled from across the country to visit the capital. Our tour guide, a Chinese national who spoke perfect Vietnamese and had 15 years experience, told us that the lions represent the mighty power of the Chinese Emperor. Mighty and powerful as they were, they looked familiar to us Vietnamese, as smaller stone variations have made their way to Ha Noi. Walk around the city, and you can spot them outside banks and office buildings. "Chinese … [Read more...] about Lions special to Viet Nam