Grab attracts S$2.7b in investments from Didi Chuxing, SoftBank

Marksmen shoot for glory at World Cup in Munich Eight Vietnamese shooters arrived in Germany to compete at the ongoing International Sport Shooting Federation World Cup Rifle/Pistol in Munich. Among the participants are Olympian Hoang Xuan Vinh and Tran Quoc Cuong who will compete in the men’s 50m pistol. 16-year-old Iwaki Ai, who won a bronze medal at the Asian Championship last year, will join her seniors Nguyen Thi Ngan and Phung Thi Lan Huong in the women’s 10m air rifle event. The World Cup ends on May 26. Sannatech Khanh Hoa third in National Futsal Championship Sannatech Khanh Hoa tied Thai Son Nam for third place in a 1-1draw for the National Futsal Championship which closed yesterday in HCM City. Thai Son Nam then received their trophy which they grabbed on Monday, two rounds before the end of the event. Last year’s champion Sanna Khanh Hoa, who beat Thai Son Bac 4-1, finished second. Thai Son Nam’s best player is Tran Van Vu. His teammate, Ngo Dinh Thuan, is their best goalkeeper. VN drawn in Group C of 2016 FIFA Futsal World Cup Viet Nam have been drawn in Group C of the 2016 FIFA Futsal World Cup. The draw took place at Medellin’s Plaza Mayor Conference Centre, Colombia yesterday morning. The team will face Italy, Guatemala and Paraguay in the group. Viet Nam will meet Guatemala on September 11 and Paraguay on September 14, with both games in Cali city, and Italy on September 17 in Bucaramanga city.…... [read more]

Vietnam’s under-15 soccer team lifted the crown of the 2017 AFF Under-15 Championship on Saturday after beating their Thai opponents 4-2 on penalties in the cup final. It was only Vietnam’s second title in their 13-year history of taking part in the regional championship. The 2017 AFF U-15 Championship, hosted by Thailand, saw the first edition of the tourney in the under-15 era, after having reverted from a traditionally under-16 competition. The annual championship is organized by the ASEAN Football Federation for men's under-15 national teams of Southeast Asia. On Saturday, the Vietnamese players faced hosts Thailand in the competition’s finale after six straight wins in previous matches against other teams. The score at the end of the regulatory 80 minutes was 0-0. Vietnam, who last won the tournament back in 2010, entered the match at the Chonburi Stadium with great confidence, answering attacks from the defending champions blow by blow. Despite the overwhelming cheers from several thousand Thailand-supporting spectators at the arena, the Vietnamese kept their cool and coordinated attacks with cohesion. However, the two halves of the match saw a string of missed chances from players of both, forcing the cup final to enter the dreaded penalty shootout. Thailand got off the mark badly when Jakkrapong Sanmahung’s shot to the right was blocked by Vietnam’s keeper Nguyen Duy Dung. Vietnam then went on to convert all their turns through Dinh Thanh Trung, Ngo Quang Thuan, Khuat Van Khang to…... [read more]

Thai group acquires Metro Cash & Carry Vietnam Nguyen Quyen By Nguyen Quyen - The Saigon Times Daily Customers shop at a Metro wholesale center in HCMC’s District 2 - Photo: Quoc Hung HCMC - German retail giant Metro Group has signed a deal to sell its Metro Cash & Carry Vietnam (MCC Vietnam) unit to Thai Group Berli Jucker (BJC) for US$879 million. The announcement came several days after international media reported that the deal had been struck at a value of around US$500 million. But according to a statement issued by Metro Group last week, BJC will take over the complete operational business of MCC Vietnam, including all the 19 wholesale stores and the related real estate portfolio, at a total of 655 million euros (US$879 million). The transaction is subject to the fulfillment of customary closing conditions and regulatory approvals from relevant authorities. The deal is expected to close in the first half of next year. Olaf Koch, chairman of the management board of Metro AG, said Metro and BJC have been in talks over its Vietnamese wholesale business, which has now led to a transaction after thorough and diligent examination. “We strongly believe that the proposed transaction will create long-term shareholder value for both parties,” he said. Metro entered Vietnam in 2002 and now has 19 stores across the country with around 3,600 employees, generating sales of 516 million euros in the 2012-2013 fiscal year. Over the past 12 years, MCC Vietnam has invested strongly in…... [read more]

I am amazed at how many times the cab driver honks the horn and at how the motorcycle riders driving past us do not seem the least bit bothered by the blaring sound of it. I try to count the number of karaokes I see, but I soon abandon, for there must be one appearing every other minute. Come to think of it I might as well have tried to count the number of 'cafes' or 'pho' stands on the way, just to realise how futile a task this would be. People are going about their daily routine in this tumultuous city as a couple of friends and I make our way, packs on our backs, to our hostel. The dorms are exactly the way the travel guide depicts them, clean but humid, comfortable yet noisy, this is no surprise, I knew what to expect travelling on a low budget. Heading out to enjoy the traditional North Vietnamese 'pho', we go over a few stands but all of them seem to be full, we end up going to the first one with some free sitting stools. After a disastrous ordering experience, we receive a bowl of what we think must be 'pho', we were in for a treat; our first meal turns out to be a cow stomach and bamboo shoots noodle soup. I manage to finish it, my two friends look at me with puzzled looks on their faces, full bowls in their hands and a grumbling in their…... [read more]

“You had mortar rounds going off in the mountains and you were surfing off China Beach,” he said. “It was ‘Apocalypse Now!’” Forty-five years later, Palazzo is back, this time as a tech entrepreneur contributing to the planned construction of one of Southeast Asia’s most modern cities. The roar of F-4 Phantom jets has become the rumble of bulldozers, the rattle of Huey helicopter rotors has been replaced with spinning casino slot machines; instead of bullets, golf balls whizz down world-class fairways. lled East Sea Beach. “They are welcoming of foreigners. In terms of process and getting things done, Danang is by far much more friendly to businesses than Ho Chi Minh City,” the country’s commercial center, formerly known as Saigon. In Da Nang, you might be forgiven for wondering how the war ended. Tourists sun themselves on the white sand in front of the Hyatt Regency resort, a few blocks up the coast from the Greg Norman-designed Danang Golf Club. Downtown, outside the Big C supermarket, which sells French baguettes and bottles of Bordeaux, traffic directed by International Business Machines Corp. software flows on toward the airport and the Coca-Cola Co. factory. Vietnam’s Singapore Decades after the city revolved around the U.S. military air bases, Danang is recasting itself as the Singapore of Vietnam, touting a transparent and efficient government. A building boom has transformed the landscape into a budding metropolis, ranked at or near the top of the Vietnam Provincial Competitiveness Index for good governance and business-friendly policies…... [read more]

Prime Minister Phan Van Khai began his first official visit to Indonesia from February 22-24 at the invitation of Indonesian President Susilo Bambang Yudhoyno. The visit takes place at a time when the friendly and multi-faceted cooperative ties between Vietnam and Indonesia have seen fine developments.During the visit, the two sides will concretise the implementation of the "Declaration on the Framework of Friendly and Comprehensive Cooperation Entering the 21st Century" and seek measures to boost multi-faceted co-operation for mutual benefit, especially in the areas of economics, trade and investment to match up to the fine political relations between the two countries.The two countries signed the "Declaration on the Framework of Friendly and Comprehensive Cooperation Entering the 21st Century" during President Megawati Sukarnoputri’s visit to Vietnam in June 2003. The framework is considered an important legal foundation for further promoting all-round cooperation between Vietnam and Indonesia.During President Susilo Bambang Yudhoyno’s visit to Vietnam in May 2005, the two countries agreed to turn bilateral relations into strategic partnership in the region. President Susilo affirmed that Indonesia wants its ties with Vietnam to become "an important pillar" of relationship in Southeast Asia.The Foreign Ministries of Vietnam and Indonesia held their first Senior Officials’ Meeting (SOM) on August 13-14, 2005, to issue a memorandum of understanding on bilateral consultation. They discussed the establishment of a ministerial-level consultative mechanism for strategic issues and agreed to accelerate discussions for the signing of a Plan of Action as early as possible to implement the "Declaration on the…... [read more]

The United Nations Educational, Scientific and Cultural Organisation (UNESCO) has for many years observed May 3 as World Press Freedom Day to promote press freedom and honour countries which facilitate press operations for the sake of their own countries. The slanderous allegations by Reporters Without Borders against press freedom in Vietnam on World Press Freedom Day are clearly aimed at distorting the country’s achievements on human rights in general and press freedom in particular. It’s worth mentioning that this organisation has repeatedly made use of press forums, particularly online means of communications such as the Internet, to disseminate reactionary ideas, incite national resentment and cause instability in an attempt to sabotage the Socialist Republic of Vietnam – a sovereign country. The fact is that a number of people living inside and outside the country, but lacking responsibility and goodwill towards Vietnam often post on the Internet inhumane and decadent cultural information, running counter to national customs and practices. According to information technology experts, up to three percent of the Websites around the world run such decadent contents. Therefore, there is no denying that a sovereign country like Vietnam takes certain measures to prevent such reactionary materials against national stability and unity. Prevention of such information also shows the Party and State’s responsibility for protecting traditional cultural values. Apparently, Reporters Without Borders’ move to include Vietnam on the list of countries without press freedom and regard the country as enemy of the Internet is a completely groundless fabrication. This proves that…... [read more]

This organisation says that they will approach the Vietnamese Government’s new leadership members to demand that Vietnam stop detaining dissidents and allow a multiparty system. Its statement about the human rights situation in Vietnam is still based on the old argument of hostile forces which bear grudges against Vietnam. The only difference is that they have put forward very unreasonable demands, raising the question about who they want to protect. Their argument that a number of Vietnamese are being detained for their dissident views against the State is a brazen slander. It must be reiterated that there are no political prisoners in Vietnam- people are only detained for violating State laws and policies. The detention of such people according to the law only aims to help them get back on the straight and narrow soon. Upholding the national traditions of humanity and leniency, the VietnameseState has never issued a policy of discrimination or revenge against any social groups including those who are antagonistic. The HRW should not label those charged with committing acts of sabotage against the State and undermining national security as people with dissident views against the Government. The deliberate attempt to blur the two concepts shows that the HRW is not acting for human rights - on the contrary it is aiding and abetting hostile forces to pursue their scheme of denying the leadership of the Communist Party of Vietnam and undermining the State of the Socialist Republic of Vietnam. In so doing, the HRW is running…... [read more]

From December 18-21, Prime Minister Nguyen Tan Dung pays his official visits to Cambodia, Laos and Thailandat the invitations of Cambodian Prime Minister Samdec Hunsen, Lao Prime Minister Buasone Bouphavanh and Thai Prime Minister Surayud Chulanont. Mr Dung’s first official visits as Prime Minister to the three countries are not only courtesy visits, according to ASEAN practice but they are aimed at promoting Vietnam’s relations with neighbouring countries in Southeast Asia.The visits take place at a time when Vietnam’s bilateral cooperative relations with Cambodia, Laos and Thailand, as well as its multilateral cooperation with the ASEAN framework have achieved positive progress. Recently, the three Prime Ministers of Vietnam, Laos and Cambodia held their fourth meeting in the central highlands city of Da Lat (Vietnam) to discuss the implementation of the Vietnam-Lao-Cambodia Development Triangle plan. During the December 18-21 visits to Cambodia and Laos, PM Nguyen Tan Dung will discuss with the two countries’ leaders specific measures to implement the reached agreements.Thailand and four other ASEAN countries are implementing an early harvest programme on trade relations with China which will reduce tax rates of some products imported from Vietnam and the Philippines, helping accelerating the process of building the ASEAN Economic Community by 2015, five years ahead of schedule as previously planned. Vietnam’s bilateral relations with Cambodia, Laos and Thailand have made significant progress. 2006 is considered a year for Vietnam and Cambodia to strengthen border demarcation and landmark plantation at seven international border gates. The completion of border demarcation and…... [read more]

Prime Minister Nguyen Tan Dung paid an official visit to Italy on January 25 at the invitation of chairman of the Ministers’ Council of Italy, Romano Prodi, and the Council of the World Economic Forum (WEF). This is the first high-ranking visit of PM Dung to Italy and he is also the first Vietnamese Government leader to take part in the WEF. Therefore, the visit marks an important milestone in Vietnam-Italy relations, relations between Vietnam, the WEF and international friends as a whole. As the world’s seventh largest economy, Italy is one of the most dynamic countries in the European Union. In recent years, Italy’s economy has achieved high growth rate. In 2005 alone, the country’s GDP hit US$1,720 billion and GDP per capita reached US$28,800. Since Vietnam and Italy established diplomatic ties in 1973, relations between the two countries have been consistently positive. The visits to Vietnam by Italian Deputy Prime Minister Gianfranco Fini in 2004 and by the President of the Chamber of Deputies in early 2005, and especially the trip to Italy by chairman of the National Assembly Nguyen Van An in March 2005 are testimony to the fine relations between Vietnam and Italy. Over recent years two-way trade volume has steadily increased, from US$320 million in 1996 to 700 million euros in 2005, and up to 870 million euros in 2006. Vietnam’s imports from Italy include leather, chemicals, transportation and construction equipment, sanitary wares, medical equipment and household commodities. Its exports to Italy include footwear, coffee,…... [read more]




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