Fitch upgrade Greece debt, sees steady improvment

TURKU: Police shot and wounded a suspect after a stabbing spree in which a man killed two people and wounded six others in the Finnish city of Turku on Friday (Aug 18). Finnish police patrol in front of the Cenral Railway Station in Helsinki on Aug 18, 2017. (Photo: AFP/Linda Manner) Within hours the force had announced increased police patrols across the country. "There are eight victims in the stabbing. Two dead and six injured," Turku police tweeted after the assault in a market square. A hospital official told journalists all the victims were adults. Police shot a suspect in the thigh minutes after the attack at another square nearby, arresting him and confiscating his knife. His identity has not yet been established, police said late on Friday, nor was the motive for the attack clear. Police described the suspect in custody as "a young man of foreign origin", providing no other details except to say they were collaborating with the Finnish Immigration Service. While security forces wrote on Twitter that police were "looking for other possible perpetrators", police told journalists it was likely there was only one attacker. Police assured Turku residents the city was safe on Friday evening. The stabbing spree comes with Europe on high alert a day after drivers slammed vehicles into pedestrians in two attacks in Spain, killing at least 14 people and injuring more…... [read more]

NDO - Politburo member and Deputy Prime Minister Vuong Dinh Hue had working session with leaders of the northern province of Hoa Binh on August 18. At the meeting, the Deputy PM expressed his appreciation for the efforts and achievements of Hoa Binh province, such as developing fruit trees, purple sugarcane, safe vegetables and highly effective economic models, in addition to their industrial development and developing services and tourism. In the first six months of 2017, the province’s economic indices were high when compared to the rest of the country. The locality has attracted many investment projects, contributing significantly to the development of the province. However, the Deputy PM also noted that the rate of poor and near poor households in the province is high in comparison to the national average. The province’s competitiveness index is also limited and the number of enterprises per capita remains low (approx. 315 people / business). He called on the province to focus on fulfilling its economic and budgetary obligations in 2017, whilst, at the same time, it is necessary to soon implement the recovery plan in 2018, with more effective solutions, in addition to strengthening the political system, streamlining staffing and consolidating the grassroots government system. The province should also continue to improve the business investment environment, improve competitiveness, develop more businesses, restructure the agricultural sector, apply science and technology to agricultural production and focus on villages to develop new countryside. On the same day, Deputy Prime Minister…... [read more]

NDO/VNA – Vietnam’s southern largest economic hub of Ho Chi Minh City and China’s Guangdong province hold a wide range of potential for stronger trade and investment ties, participants remarked at a conference held in the city on August 18. Chu Tien Dung, Chairman of the Ho Chi Minh City Enterprises Association, said that economic relations between Vietnam and China have been developing positively, laying an important foundation for HCM City’s businesses and their partners in Guangdong to step up trade and investment cooperation in the time ahead. Ho Chi Minh City wants to increase their two-way trade value with Guangdong, as the city has a lot of advantages in producing electronic equipment and components, wood and wooden furniture, agricultural and aquatic products, garments and textiles. Meanwhile, Guangdong enterprises have opportunities to export advanced machinery, as well as materials used in agricultural and industrial production, to the Vietnamese market. Le Thi Quynh Mai, Deputy Director of the municipal Department of Planning and Investment, said the city wants to cooperate with its foreign partners, including those from Guangdong, to develop key industrial sectors, supporting industries, infrastructure, and green and renewable energy. She stressed that the municipal authorities are working hard to improve the local business and investment climate by accelerating administrative reform and offering tax and land incentives. Wen Zhi Yao, general secretary of the Guangdong trade promotion association, said that Vietnam is an emerging market in Southeast Asia, with various advantages, such as steady economic…... [read more]

Siam Cement Group (SCG) has signed a Memorandum of Understanding (MoUs) with PetroVietnam, aiming to reinforce the development of Long Son petrochemical complex (LSP) in the southern province of Ba Ria-Vung Tau. The signing ceremony was organised in the framework of Prime Minister Nguyen Xuan Phuc’s visit to Thailand At the signing ceremony, another MoU was signed between SCG chemicals and PetroVietnam’s subsidiaries on exploring new opportunities together with a potential collaboration in petrochemical business in the future. Positioned as Vietnam’s first petrochemicals complex, LSP will be an important supplier for the manufacturing industry, which will support Vietnam’s industrial and economic development. The construction of the $5.4-billion Long Son petrochemical complex will resume before the end of this year. It will be installed with advanced technology, meeting environmental protection requirements and ensuring the production of high-quality products, such as PP and PE. The project will create about 15,000-20,000 jobs during its construction and over 1,000 jobs when put into commercial operation. The total olefins capacity is up to 1.6 million tonnes per year. The highlight of this project is the LSP technology featuring proven processes from leading world-class licensors. SCG, one of the leading conglomerates in the ASEAN region, comprises of three core businesses: SCG Cement-Building Materials, SCG Chemicals, and SCG Packaging. With more than 200 companies under its umbrella and approximately 57,000 employees, SCG creates and distributes innovative products and services that…... [read more]

Reaching 100 customer service centers has a become a milestone helping Hanwha Life to further expand its distribution system, provide better customer service, and increase its presence in the local life insurance market. Hanwha Life VN has 28,000 financial consultants providing insurance services for over 200,000 clients RELATED CONTENTS: Hanwha Life Vietnam and Shinhan Bank Vietnam sign bancassurance deal Hanwha Life Vietnam launches new comprehensive product package Hanwha Life Vietnam increase its chartered capital to $103 million Korea Life Vietnam renamed as Hanwha Life Vietnam The 100th customer service center was unveiled on August 17, 2017 in Duc Pho township, Duc Pho district, Quang Ngai province. Currently, Hanwha Life’s customer service system spans across North, Central, and South Vietnam. Back Jong Kook, chairman cum general director of Hanwha Life Vietnam, believes that the larger network will provide local customers easier access to the advanced life insurance products and services provided by Hanwha Life. It will also strengthen the firm’s visibility and promote its business in the time to come. Back also explained that expansion comes earlier than he previously expected thanks to the comprehensive preparation and good business performance since the beginning of the year. “Hanwha Life Vietnam’s highest goal is to become one of the top service quality life insurance firms. We will…... [read more]

Domestic and international experts in the sugarcane industry gathered at the fifth TTC annual international sugarcane conference in Phan Thiet City in Binh Thuan Province to discuss ways to help the Vietnamese sugarcane industry develop sustainably. Speakers discuss at the conference in the southern coastal city of Phan Thiet. - VNS Photo The conference, under the main theme “The restructuring of Viet Nam’s sugarcane industry”, was co-organised by the Viet Nam Sugarcane and Sugar Association (VSSA) and TTC Group on Thursday and Friday. The country’s sugar output hit nearly 1.2 trillion tonnes in the 2016-17 crop, VSSA reported. This is the third continuous decline in sugar output. Slow market consumption, high inventory, complicated sugar smuggling issues and ASEAN’s imposition of a sugar import tax rate of zero per cent after 2018 have created an urgent need for Vietnamese businesses to adapt, and have forced a rethink of the whole country’s sugar industry. As the Ministry of Agriculture and Rural Development implements a policy of restructuring the agricultural sector towards enhancing added value and developing sustainably, sugar companies are constantly innovating to promote internal strength, improving their competitive position domestically and internationally. However, as many difficulties and problems still exist, the Vietnamese sugar industry needs radical solutions to be able to grow. This year’s conference attracted more than 400 guests, including leading domestic experts, policymakers, research institutes, businesses and representative farmers in the…... [read more]

Prime Minister Nguyễn Xuân Phúc expressed his hope that Thai businesses would make the most of co-operation and investment opportunities in Việt Nam, especially in the context of Việt Nam promoting mergers and acquisitions along with the equitisation of State-owned enterprises (SOEs). Prime Minister Nguyễn Xuân Phúc addresses the “Việt Nam – Thailand Economic Cooperation Forum” held in Bangkok on Friday. - VNA Photo He made the remarks while addressing the “Việt Nam – Thailand Economic Co-operation Forum” held in Bangkok on Friday. PM Phúc was attending the event as part of his three-day visit to Thailand from August 17-19 at the invitation of Thai Prime Minister Prayut Chan-o-cha. The forum, hosted by the Thai Business Association in Việt Nam, Thailand’s Kasikornbank (KBank) in co-operation with the Ministry of Planning and Investment of Việt Nam and the Vietnamese Embassy in Thailand, featured some 500 firms from both Thailand and Việt Nam. Phúc said Việt Nam was stepping up merger and acquisition (M&A) activities in combination with equitisation of State enterprises in transport, infrastructure, food, agriculture, telecommunication, trade, services, tourism and construction. The Vietnamese Government leader invited Thai businesses to become shareholders of Việt Nam’s State-owned groups and corporations. According to the PM, since the two countries established a strategic partnership in 2013, co-operation between Việt Nam and Thailand has flourished, with bilateral trade turnover increasing from US$5.78 billion in 2009 to $12.5 billion…... [read more]

NDO/VNA – President Tran Dai Quang and Prime Minister Nguyen Xuan Phuc, on August 18, sent messages of condolences to Spanish King Felipe VI and Prime Minister Mariano Rajoy, over the terror attack in Barcelona on August 17 that killed and injured dozens of people. The same day, Deputy Prime Minister and Foreign Minister Pham Binh Minh also extended his sympathy to Spanish Minister of Foreign Affairs and Cooperation Alfonso Dartis. The attack happened at a busy street in Barcelona, killing 14 people and injuring approximately 100 others. Also on August 18, Foreign Ministry’s spokesperson Le Thi Thu Hang expressed his deepest sympathy to the State, Government and people of Spain and families of the victims. “Vietnam strongly condemns the act of terrorism in any form,” Hang said, stressing that such acts must be strictly punished in conformity with the law. She revealed that the Vietnamese Embassy in Spain reported that there has been no report on any Vietnamese victims in the attack, adding that the embassy is keeping a close watch on the development of the case in order to timely roll out the necessary measures in case there are Vietnamese citizens among the victims. The Embassy has opened a hotline in Spain at 0034 633185582, which operates in parallel with another line in Vietnam at 0084 981848484, to receive relevant information, she said. ... [read more]

NDO/VNA – President Tran Dai Quang and Prime Minister Nguyen Xuan Phuc, on August 18, sent messages of condolences to Spanish King Felipe VI and Prime Minister Mariano Rajoy, over the terror attack in Barcelona on August 17 that killed and injured dozens of people. The same day, Deputy Prime Minister and Foreign Minister Pham Binh Minh also extended his sympathy to Spanish Minister of Foreign Affairs and Cooperation Alfonso Dartis. The attack happened at a busy street in Barcelona, killing 14 people and injuring approximately 100 others. Also on August 18, Foreign Ministry’s spokesperson Le Thi Thu Hang expressed his deepest sympathy to the State, Government and people of Spain and families of the victims. “Vietnam strongly condemns the act of terrorism in any form,” Hang said, stressing that such acts must be strictly punished in conformity with the law. She revealed that the Vietnamese Embassy in Spain reported that there has been no report on any Vietnamese victims in the attack, adding that the embassy is keeping a close watch on the development of the case in order to timely roll out the necessary measures in case there are Vietnamese citizens among the victims. The Embassy has opened a hotline in Spain at 0034 633185582, which operates in parallel with another line in Vietnam at 0084 981848484, to receive relevant information, she said. ... [read more]

Deputy Prime Minister Vuong Dinh Hue and Executive Vice President and Senior Executive Officer of Kirin, Keisuke Nishimura, at the meeting. — VNA/VNS Photo An Dang Japan’s Kirin Holdings Co. Ltd expects to make a long-term strategic investment in Sài Gòn Beer-Alcohol-Beverages Joint Stock Corporation (Sabeco), Viet Nam’s leading beer producer. Speaking at a meeting with Deputy Prime Minister Vuong Dinh Hue in Ha Noi on Thursday, Executive Vice President and Senior Executive Officer of the group Keisuke Nishimura said he hoped to co-operate with Sabeco in studying the development of fresh fruit juice in the future. Hue has hailed Kirin Holdings Co. Ltd’s investment expansion in Viet Nam as the right decision since the country’s beer and beverage market boasts huge potential. Hue said the Vietnamese Government is sparing no effort in improving the business environment and increasing competitiveness, as well as creating the most favourable conditions for both domestic and foreign enterprises, he said. It is also stepping up the equitisation and divestment of State-owned enterprises, he said, adding that major brands such as Habeco, Sabeco and Vinamilk are part of the equitisation plan from now until 2020. Hue hopes that Kirin will expand its investment in the field of beverages, especially those made from fresh Vietnamese fruit. The Vietnamese Government encourages the sale and consumption of non-alcoholic and non-carbonated drinks. In Viet Nam, Kirin has co-operated with Interfood to develop the Wonderfarm brand name. As far as beverages…... [read more]




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