The third Belt and Road Summit welcomed some 5,000 participants from 55 countries and regions at the Hong Kong Convention and Exhibition Centre on June 28 ASEAN—the logical first stop for Chinese investors The Belt and Road Initiative (BRI) refers to the Silk Road Economic Belt and the 21st Century Maritime Silk Road initiatives. The network connects Asia, Europe, and Africa, and passes through more than 65 countries and regions with a population of about 4.4 billion, making up a third of the global economy. According to Bernard Charnwut Chan, president of Asia Financial Holdings Ltd., BRI has been gaining traction after its launch in 2013. In the last two years, more Chinese companies have been looking to invest in BRI-related countries. The logical first stop for Chinese investors is the ASEAN, he said, due to the historical connections and relations. As a Hong Kong-based firm, Asia Financial has been investing in both China and ASEAN markets for years. The firm has recently … [Read more...] about Opportunities for Hong Kong and Vietnam under Belt and Road Initiative
Silk road city
The Hanoi Times - Van Phuc is one of northern Vietnam’s most famous “traditional craft villages” but local silk producers are using so many imported materials and modern machinery that soon it might not be so traditional. Down a small snaking lane in Van Phuc village, five men lug a large silk dryer towards Nguyen Thang Vinh’s house. It will take three days to install the new equipment so Vinh’s family has temporarily stopped producing silk. Although he will lose out today, soon Vinh speculates he will be earning much more with the new machinery, which will dry silk more quickly and so boost his capacity. “I have spent VND270 million ($16,200) on three new driers,” says Vinh. “All houses around here use power-run driers and weaving machines now. It takes too much time to dry and weave silk manually.” Pointing at an old handloom in his kitchen corner, he says that it’s a merely a keepsake. only one year ago when I first came … [Read more...] about Dow Silk Road – Hanoinews
VietNamNet Bridge – The so-called “Silk Road Initiative” in the East Sea is part of China’s three-direction tactic, analyzed by Dr. Nguyen Hong Thao, a senior expert on the East Sea issues. The initiative is aimed at three goals: 1) to support the production network across the region, to boost trade and improve the role of China as an investment opportunity, a capital source in the eyes of ASEAN, 2) to expand and link seaport systems, 3) to strengthen the role of overseas Chinese communities and 4) to enhance reliability in order to help ease tension in the region related to territorial disputes and sensitive historical issues. In July 2014, according to Chinese sources, Hainan province tried to register the "Maritime Silk Road" with UNESCO, and planned to excavate the wrecks at "archaeological sites" around the islands of Hoang Sa Archipelago (Paracel Islands) in the next two years. China also said that since 1990, they had been implementing this project … [Read more...] about Is China’s Silk Road Initiative an interest in the East Sea?
China has recently accelerated archaeological exploration in the East Sea in order to support its seeking of the UNESCO’s world heritage title for the "Silk Road on the Sea". If UNESCO recognizes the "Silk Road on the Sea" as China’s world heritage, Vietnam's sovereignty in the East Sea will be affected, said Dr. Nguyen Tan Anh, Director of the UNESCO Centre of Science, Technology and Investment, in an interview with VietNamNet. relate news Is China’s Silk Road Initiative an interest in the East Sea? China wants to conserve even Vietnam’s heritage? What do you think about the “trick” of world heritage registration of China? The world has had similar precedent. For example, the border and Preah Vihear temple dispute between Thailand and Cambodia took place for a long time. In 2007 Cambodia applied for UNESCO’s recognition of the Preah Vihear Temple as the World Heritage. On June 7, 2008, the World Heritage Committee of UNESCO met … [Read more...] about East Sea: Behind China’s Silk Road Initiative
PANO - Iain Finlay and Trish Clark, the co-authors of the book "Good morning Hanoi", which was made public three years ago, have returned to Vietnam for another journey - "Along the iron silk road". The journey is the basis for their next book, which will introduce readers to the mysterious silk road between Istanbul (Turkey) and Xian (China). "There have been some proposals to establish four railways, mainly for freight transport, to connect Europe and Asia, and now here we are in Vietnam, one of the links in Southeast Asia," said Iain Finlay. It might take them five months to travel the historic silk trading route, but instead of using horses as in ancient time, they will travel by trans-continental rail. During the journey, diverse stories about different lands and people will be recorded and compiled for readers. "We have been on our way for a month, starting from Singapore to Kuala Lumpur, Bangkok, Phnom Penh, Ho Chi Minh City and now Hanoi," said Trish Clark. Coming back … [Read more...] about Along the iron silk road