EVN to sell stake in its finance subsidiary

Several streets in Ho Chi Minh City’s District 8 have become severely degraded, posing a threat to commuter safety during the rainy season. Multiple roads in District 8 are now distorted with countless bumps and potholes posing immense challenges for local residents. According to the observation of Tuoi Tre (Youth) newspaper reporters on Ta Quang Buu Street, dozens of potholes of various sizes can be spotted along a 200 meter section of the road. Following a downpour, these holes become filled with water. Aside from muddy water splashing in all directions whenever a motorbike runs over them, commuters can potentially stumble and fall if they do not pay enough attention. Some people have resorted to pushing their motorbikes through the degraded street as an extra precaution. While these ‘ponds’ pose obstacles for travelers, rainwater often flows from the street into homes running alongside it, causing chaos for the occupants. According to Phan Van Tinh, who lives along Ta Quang Buu Street, the situation has persisted for years. During the sunny season, the street is filled with dust, forcing locals to shut their doors the entire day. When it rains, the road turns into a muddy swamp, Tinh said, adding that his children often come home from school with mud-stained clothes. Similarly, several sections of nearby Cao Lo Street is also filled with rocks as a result of sloppy construction. Ongoing repair work is currently blocking one-third of the…... [read more]

Nguyen Quoc Ky, CEO of local tour organizer Vietravel, believes Vietnam’s current visa-free travel policy is insufficient and should be expanded to more countries. He explained his view in this piece sent to Tuoi Tre (Youth) newspaper. Vietnam’s international tourist arrivals have been growing steadily in recent years, averaging 11 percent growth per year. In 2016 alone, Vietnam received more than 10 million foreign visitors. This growth is positive only when considered in the context of Vietnam, but when compared to South Korea or Japan for instance, our growth is much slower. Where’s the bottleneck? Giving gifts to those who don’t really want it Many tourists complain that the visa rigmarole is one of the biggest drivers of not visiting a country. At present, Vietnam exempts visa for 22 countries and territories. However, many of these are countries that many Vietnamese have not heard of, and struggle to pronounce their names correctly. Additionally, not all ten countries with the biggest number of arrivals to Vietnam are eligible for visa-free travel. This means Vietnam is not exempting the markets that need the exemption the most. It’s understandable that visa policy has a signification connection with diplomatic issues and any exemption must ensure national security and safety. And of course, revenue from visa fees collection must also be guaranteed. However, in order to boost tourism, we should be willing to offer a one-sided visa-free policy. Many countries have done the same. …... [read more]

Prospects for tighter monetary policy in Europe and other countries could pose a fresh problem for the Federal Reserve when it meets next week to ponder its plan to reduce its $4.2 trillion bond portfolio purchased after the 2008 financial crisis. FILE PHOTO - Federal Reserve Board Chairwoman Janet Yellen speaks during a news conference after the Fed releases its monetary policy decisions in Washington, U.S. on June 14, 2017. The Fed bought U.S. Treasuries and mortgage-backed securities (MBS) for about six years in a program known as "quantitative easing" which kept interest rates at record lows to spur borrowing and economic recovery. But at its June meeting this year, as well as raising interest rates for the third time in six months, the Fed also announced a plan to begin by letting $6 billion a month in Treasuries mature without reinvestment and to increase that amount at three month intervals up to $30 billion. Similarly, the Fed said it would run down its agency debt and mortgage backed securities by $4 billion a month until it reaches $20 billion. Now, the European Central Bank (ECB) also appears likely to decide later this year on when to scale back its monthly bond purchases. When ECB President Mario Draghi first hinted at the prospect last month, world bond yields rose sharply for a while. Moreover, Canada's central bank raised interest rates for the first time in seven years this month, and the Bank of England is expected to raise rates next…... [read more]

As per Ky Son District authority’s report, as many as 35.6 tons of dead fish were found while more than 20 tons of fish in Hoa Binh Town died. Phu Tho province suffered huge losses. According to director of the Department of Agriculture and Rural Development Nguyen Ngoc Son, in Thanh Son District, 200 out of 440 farms had reported to have 350 tons of dead fish. Breeders in Hoa Binh Province had no choice and sold off dead fish at cheap price of VND10,000 per kilogram. The water discharge of the Hoa Binh hydroelectric dam was responsible for the mass fish deaths along the Da River, farmers said because the large volume of water had caused the fish to be suffocated. The Department of Aquaculture in Hoa Binh Province has sent staffs to take water samples for test to verify the cause and to assess their situation, said Dang Thi Duyen from the Department. The Department of Agriculture and Rural Development in both provinces proposed supports for fish breeders. In related news, the People’s Committee in Tan Lap Commune in the southern province of Binh Phuoc said that in these days, 40 households in Suoi Giai Lake have also suffered great losses as 90 percent of raised fish died without reason.  Breeders sold off at low price of VND20,000 - VND30,000 per kilogram.By staff writers – Translated by UYEN PHUONG... [read more]

As per Ky Son District authority’s report, as many as 35.6 tons of dead fish were found while more than 20 tons of fish in Hoa Binh Town died. Phu Tho province suffered huge losses. According to director of the Department of Agriculture and Rural Development Nguyen Ngoc Son, in Thanh Son District, 200 out of 440 farms had reported to have 350 tons of dead fish. Breeders in Hoa Binh Province had no choice and sold off dead fish at cheap price of VND10,000 per kilogram. The water discharge of the Hoa Binh hydroelectric dam was responsible for the mass fish deaths along the Da River, farmers said because the large volume of water had caused the fish to be suffocated. The Department of Aquaculture in Hoa Binh Province has sent staffs to take water samples for test to verify the cause and to assess their situation, said Dang Thi Duyen from the Department. The Department of Agriculture and Rural Development in both provinces proposed supports for fish breeders. In related news, the People’s Committee in Tan Lap Commune in the southern province of Binh Phuoc said that in these days, 40 households in Suoi Giai Lake have also suffered great losses as 90 percent of raised fish died without reason.  Breeders sold off at low price of VND20,000 - VND30,000 per kilogram.By staff writers – Translated by UYEN PHUONG... [read more]

BANGKOK: A gang of 44 people from China and Taiwan have been arrested in Thailand for running an elaborate phone scam that conned US$3 million from scores of victims, police said Monday (Jul 24). Thai police have arrested hundreds of foreign criminals in a "good guys in, bad guys out" policy, as the kingdom looks to shake out crooks based in the country AFP/MADAREE TOHLALA Raids on houses in the capital Bangkok and the sleazy resort town of Pattaya snared the well-organised gang, whose targets were mainly based in China. Police seized homemade sound-proof booths used to call the victims, who were carefully selected for their vulnerability. "There were about 120 victims of this fraud, which was worth about 100 million baht (US$2.9 million)," an officer from immigration told AFP, requesting anonymity. Nineteen of the suspects are from China and 25 from Taiwan. Posing as police, bank officials or money laundering inspectors the suspects spun stories of financial irregularities linked to the victims' bank accounts. "They told victims their bank accounts had been frozen due to criminal activity such as drug dealing," Immigration Police Chief Natthathorn Prousoontorn told reporters on Sunday. They then persuaded the victims to transfer money to clear the cooked-up problems, through other 'officials' working with the gang. "Each fraudster played a different role... some pretended to be bank officials... some pretended to be police." …... [read more]

BASTAD, Sweden: Spaniard David Ferrer claimed his first ATP Tour title in almost two years by seeing off Alexandr Dolgopolov to win the clay-court tournament in Bastad for the third time on Sunday (Jul 23). David Ferrer of Spain reacts after winning the singles final match of the Swedish Open ATP tennis tournament against Alexandr Dolgopolov of Ukraine 6-4, 6-4 in Bastad, Sweden. (Adam IHSE/TT News Agency/AFP) The 35-year-old Ferrer came through 6-4, 6-4 to seal the 27th title of his career, but first since October 2015 when he won in Vienna. The former French Open finalist, now ranked 46th in the world, was cruising to victory with a 5-1 lead in the second set, but needed seven match points to eventually get over the line. "I'm moved. This is my first tournament win in two years," Ferrer said. "It has been a tough period without victories." Ferrer's victory means that eight of the last 13 stagings of the event have been won by Spanish players, with Rafael Nadal, Tommy Robredo, Nicolas Almagro and last year's champion Albert Ramos-Vinolas all successful since 2005. Ukrainian Dolgopolov had to settle for his first runner-up effort in three years, although he did beat Kei Nishikori to win in Argentina in February. Source AFP ... [read more]

NDO – The Central Steering Committee for Disaster Prevention and Control and the National Committee for Search and Rescue has issued joint Telegraph No. 29 to coastal provinces and cities from Quang Ninh to Da Nang, the northern localities and concerned ministries and agencies to be ready for Storm Sonca, the fourth large-scale storm to hit the East Sea this year. According to the National Centre for Hydro-Meteorological Forecasting (NCHMF), a tropical depression experienced in the afternoon on July 23 intensified, becoming the fourth storm in the East Sea so far this year. At 7am on July 24, the centre of the storm was approximately 17.3 degrees north latitude and 111.3 degrees east longitude, about 180km to the southeast of China’s Hainan Island. The strongest wind speeds then were between 60 and 75km per hour. In the following 24 hours, Sonca is forecast to move at 10km per hour to the west-north west. At 7am of July 25, its centre is predicted at 18.2 degrees north latitude and 108.9 degrees east longitude, in the sea area of the southern part of Hainan Island. It could continue sustaining wind speeds of 60-75km per hour. The dangerous area in the next 24 hours will be from 16.5 to 20.5 degrees north and in the west of the 113th meridian east. In the next 24-48 hours, the storm will move between west and northwest at some 15km per hour, causing landslides in the vicinity of Thanh Hoa to Quang Binh provinces and degrading…... [read more]

Nguyen Duc Chung, the chairman of the Hanoi People’s Committee, has dialed down a municipal ban on motorbikes that was set to take effect in Vietnam's capital by 2030, ruling out a blanket ban on the most popular mode of transport .  “The city will not ban but rather limit motorbikes in certain core areas of the downtown districts,” Chung said at a meeting with constituents on Monday. He said the city would increase the number of public buses from 1,000 to 1,500, and expand its metro system in the coming years to encourage public transportation. Chung made the statement after many members of the public questioned the feasibility and fairness of the motorbike ban, which the municipal legislature approved on July 4. Officials initially hailed the proposed ban as a breakthrough that would block motorbikes from downtown districts and other areas with adequate public transportation starting in 2030. The plan, which was nominally aimed at alleviating congestion, would only limit cars to specified streets during certain hours and days while calling for higher downtown parking fees. Those present at the meeting questioned the plan’s feasibility and cited a lack of development in the city’s public transport system as the cause of an outsized dependence on motorbikes. “The motorbike ban only protects rich people who drive cars,” said Tran Ngoc Toan, a local constituent who argued that any restrictions on motorbike traffic should also apply to cars. Some received the recent news with a sigh of relief, while others say they’ll…... [read more]

Hue City has long allured travelers with its poetic Huong River, juicy street food, proud imperial city and untouched Lang Co Beach. Yet without Lap An Lagoon, a trip there is incomplete. A must see: Without Lap An Lagoon on their list, travellers miss a great part of the charming city of Hue. - Photos: Hong Van/VNS My friend and I traveled to Da Nang City in late June, and included Lap An Lagoon on our check list of things to do. We didn’t expect it would be such a highlight of the trip. We rented a motorbike and drove north from Da Nang. The route leading to the lagoon is easy to find and the road is not crowded. The route running through the Hai Van Tunnel is only about 30km. Yet I would recommend driving along the Hai Van Pass, which makes the route about 10km longer. We left the hotel at 7am, having breakfasted on mi Quang (a signature noodle dish of Quang Nam Province), filling up on petrol before hitting the road. From central Da Nang City we drove along Nguyen Tat Thanh Street, which took us along the seemingly endless beach and blue waters beyond, dotted with tiny boats. Leaving the road and making a few turns brought us to Hai Van Pass (loosely translated it means pass "of the Ocean Mist"), with its breathtaking scenery. The route, which runs for about 20 kilometres, bends along the densely forested Bach Ma Mountain,…... [read more]




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