N. Korea fires ballistic missile over Japan

Viet Nam should strictly follow and continuously update its policies and regulations when exporting products to the United States, which is considered a difficult market with rigorous requirements. — VNA/VNS Photo Viet Nam should strictly follow and continuously update its policies and regulations when exporting products to the United States, which is considered a difficult market with rigorous requirements. This issue was discussed by delegates at a forum on Food Security titled “Market Development for Vietnamese Goods”, co-hosted by the American Chamber of Commerce in Viet Nam (AmCham Viet Nam) and the Business Association of High Quality Vietnamese Products in HCM City, on Friday. The labour force for the agriculture, fisheries and forestry sectors, as well as the food industry, accounts for 46 per cent of Viet Nam’s total workforce and brings significant export value to Viet Nam. Evidence of this was the seafood sector’s export turnover reaching US$7 billion in 2016. However, according to experts, Vietnamese food exporters remain passive and sluggish in complying with the demands and requirements of their target markets, especially the United States. According to the American Food and Drug Administration (FDA)’s Food Safety Modernisation Act (FSMA), the most sweeping reforms of US food safety laws, from 2016 onwards, all foreign firms exporting food and beverages for people and animals into the US market must re-register every even-numbered year. This included registering their manufacturing facilities and representatives in the United States so that they could be issued with…... [read more]

The Third APEC Senior Officials Meeting (SOM 3) opened this morning in Ho Chi Minh City aiming to push up trade liberalisation and inclusive growth. SOM3 placed liberalisation and cooperation in focus to achieve APEC 2017's goals (Photo: Le Toan) The SOM3 meeting welcomed nearly 200 participants from 21 member economies, representatives from the Secretariat of the Association of Southeast Asian Nations (ASEAN), the Pacific Economic Cooperation Council (PECC), the Joint Advisory Council APEC (APAC), APEC International Secretariat, and numerous international organisations. The meeting runs until the end of August 30. At his opening speech, SOM APEC 2017 chair and Vietnam Deputy Minister of Foreign Affairs Bui Thanh Son stressed that since the beginning of the year, through more than 200 meetings at all levels, APEC cooperation has achieved positive results. “Among these are commitments to trade and investment liberalisation and inclusive growth by all trade ministers of the APEC,” said Son in his opening speech. Over the last ten days, the participants have attended nearly 80 meetings related to many areas of APEC cooperation. At the opening session, as the chair of the APEC Business Advisory Council (ABAC) in 2017, Vietnam announced the results of the ABAC 3 Conference (held in Toronto, Canada, from July 26 to 29) and the ABAC's documents are scheduled to report to senior leaders this November. Also as chairman of the Senior Finance Officers Meeting (SFOM),…... [read more]

Vietnam's internet speed slowed to a snail's pace on Sunday after the three internet cable systems connecting the country with the rest of the world went down. While no repair schedule has been set, the Vietnam Internet Association estimates it will take 3-4 weeks before they are back up to speed. The exact cause of the problems remains unknown, but two tropical storms that hit the region over the past week are the most likely culprits, according to experts. The submarine cables, known as the Asia America Gateway (AAG), Intra Asia (IA) and SEA-ME-WE3 (SMW3), all encountered problems on Sunday afternoon. The AAG is believed to have been ruptured at two points about 66 kilometers (41 miles) and 85 kilometers from its Hong Kong station. Meanwhile, the IA's problem was reported to be a rupture about 54 kilometers from Hong Kong, according to one internet service provider (ISP). Another ISP also reported bandwidth losses on all three cable systems. However most of its lost bandwidth on the SMW3 was restored on Monday morning, Tuoi Tre (Youth) newspaper quoted the ISP as saying. Vietnam's ISPs have prepared backup plans to limit the damage caused by the ruptures and are prioritizing businesses and organizations, according to Vu The Binh, general secretary of the Vietnam Internet Association. “After discovering the problems, we've rerouted international connections through other cables, including land-based branches through China, Laos, Thailand, the Asia Pacific Gateway (APG), the AAG branches through the U.S. and Singapore, and IA branches through Singapore and Japan,”…... [read more]

Vietnam's internet speed slowed to a snail's pace on Sunday after the three internet cable systems connecting the country with the rest of the world went down. While no repair schedule has been set, the Vietnam Internet Association estimates it will take 3-4 weeks before they are back up to speed. The exact cause of the problems remains unknown, but two tropical storms that hit the region over the past week are the most likely culprits, according to experts. The submarine cables, known as the Asia America Gateway (AAG), Intra Asia (IA) and SEA-ME-WE3 (SMW3), all encountered problems on Sunday afternoon. The AAG is believed to have been ruptured at two points about 66 kilometers (41 miles) and 85 kilometers from its Hong Kong station. Meanwhile, the IA's problem was reported to be a rupture about 54 kilometers from Hong Kong, according to one internet service provider (ISP). Another ISP also reported bandwidth losses on all three cable systems. However most of its lost bandwidth on the SMW3 was restored on Monday morning, Tuoi Tre (Youth) newspaper quoted the ISP as saying. Vietnam's ISPs have prepared backup plans to limit the damage caused by the ruptures and are prioritizing businesses and organizations, according to Vu The Binh, general secretary of the Vietnam Internet Association. “After discovering the problems, we've rerouted international connections through other cables, including land-based branches through China, Laos, Thailand, the Asia Pacific Gateway (APG), the AAG branches through the U.S. and Singapore, and IA branches through Singapore and Japan,”…... [read more]

Since its inception in 2003, the ASEAN Business Advisory Council (ASEAN BAC) has been actively engaged in promoting the public-private partnership model and consulting integration in the ASEAN Community. The ASEAN Business Awards (ABA), held annually since 2007, aim to honour ASEAN businesses making significant contributions to the overall prosperity of the ASEAN economy. The ABA Awards is designed not only to honour outstanding companies in the region but also serve as an effective ASEAN Economic Community (AEC) communication channel. Furthermore, joining ABA 2017 will be an opportunity for Vietnamese businesses to promote their image in the region and in the international arena. The award will be presented by ASEAN leaders at the ASEAN Business and Investment Summit (ASEAN BIS) on the sidelines of the 50th ASEAN Summit in the Philippines in September. Registering for ABA 2017 entries are free of charge. ABA Awards 2017 consists of 12 Sector Awards for outstanding businesses in 12 priority ASEAN integration sectors (agriculture, automotive, aviation, e-commerce, electronics, fisheries, health, logistics, rubber, garment and textile, tourism and wood), SME Excellence Award (based on such criteria as growth, employment, innovation, corporate social responsibility). In addition, ABA Awards 2017 also include awards for young entrepreneurs, women entrepreneurs and foreign entrepreneurs with ASEAN partners. At the first ABA Awards in 2007, Vietnam had three companies in the final round: Hoa Tho Textile & Garment Joint Stock Corporation, Asia Commercial Bank and Saigon Paper Corporation. In 2008, Vietnam had only one representative, Saigon Morin Hue…... [read more]

Since its re-establishment 25 years ago, Soc Trang province has applied many open policies to catch the fancy of investors. With the determination and engagement of the entire political system, the image of a friendly, open and prosperous Soc Trang is becoming more familiar and more trustworthy than ever before the eyes of domestic and international investors. The following conversation with Mr Lam Hoang Nghiep, Director of Soc Trang Department of Planning and Investment, will explain the magnetism of Soc Trang to investors. Hoang Lam reports. How have Soc Trang province’s investment attraction efforts been rewarded, especially in FDI attraction? By exerting efforts to tap available economic potential and advantages, accelerate administrative procedure reform, quicken and smoothen cooperation and coordination among relevant bodies, and promptly remove difficulties and obstacles in the way of investors, the investment environment of Soc Trang province has become more alluring to investors. Since 2009, the province has contacted, met, provided information and introduced investment opportunities to 434 domestic and foreign companies investors; issued new investment certificates to 121 projects with a total capital of over VND31 trillion, of which 42 projects with nearly VND2,900 billion are industrial zones and 79 projects with over VND28 trillion are outside industrial zones. Licensed projects are mainly engaged in package production, fertiliser production, aquaculture and agricultural product processing. The province licensed 13 FDI projects with a total registered capital of US$125.62 million. The province has achieved encouraging results in investment attraction in recent years, helping it…... [read more]

For 25 years of re-establishment (1992 - 2017), Soc Trang province has attained important achievements, created a new appearance to urban and rural areas, significantly improved the material and spiritual life of the people, and highly uplifted the position and strength of the province. In the following conversation with us, Mr Tran Van Chuyen, Chairman of the Soc Trang Provincial People’s Committee, affirmed that “The Party, the government, the armed forces and the people of Soc Trang province will make a greater effort to successfully achieve the goal of industrialisation and modernisation to become a relatively developed province in the Mekong Delta by 2020.” Hoang Lam reports. After 25 years of re-establishment, Soc Trang province has effectively utilised and promoted available advantages and resources in the course of provincial construction and development, and achieved important socio-economic development outcomes. Would you mind introducing remarkable socio-economic development results in the past 25 years? Firstly, the economy has been constantly grown and the economic structure has shifted in a positive direction. For the past 25 years, the average annual economic growth rate has been over 10 per cent. Gross domestic product (GDP) in 2016 was 11 times higher than that in 1992. The economic structure has shifted towards a desired pattern, with industry and service holding greater shares. Secondly, all economic sectors have developed rapidly. In agriculture, rice output has increased over time. In 1992, the rice output was less than one million tonnes but it…... [read more]

Cuu Long Petro Urban Development and Investment Corporation (PVCL), set up in in 2007, specialises in housing construction, civil, industrial and traffic construction, real estate business, construction material trading, construction consulting, design and supervision and other businesses. Currently, PVCL is the owner of 5A Urban Area, the most modern of its kind in Soc Trang province. When completed and put into use, the new urban area will form a new urban complex which is large enough to accommodate 20,000 people and give a helping hand to Soc Trang City to reach the second-grade urban city. Confident to assert the brand name After 10 years of construction and development, with its dynamism and daring investment approach, PVCL has confirmed its strong position in the construction industry in Soc Trang province in particular and the Mekong Delta region in general. Director Nguyen Trieu Dong said, “It is the first step that counts. The more we think of our first challenging days, the more we treasure the help of all levels of authorities in Soc Trang province. In addition, the sharpness and insightfulness of the PVCL leadership and the unity and resolution of the entire staff enable PVCL to live through the tough time, effectively utilise its own competitive advantages in the market.” This strength plus financial capacity, and skilled and experienced employees, have sent PVCL’s business performance to the trajectory of sustainable development in the era of international integration. PVCL's current success is built on the foundation of prestige and…... [read more]

Today, with the concentrated rice production based on industrial methods and very effective cooperation efforts of the State, scientists, farmers and enterprises in the construction of geographical indications in rice production and consumption, Soc Trang province has secured its foothold in global rice markets. This success is a result of the significant contributions of rice producers, traders, processors and exporters like Thanh Tin Service and Trade Co., Ltd. Success from intensive investment efforts According to farmers who produce aromatic rice in Tran De district, with the consumption contracts signed with Thanh Tin Service and Trade Co., Ltd, they are happy to expand the RVT specialty rice area. Previously, they always felt uneasy because of very volatile prices of fragrant rice. To assure farmers, Thanh Tin agrees with farmers on price terms in their contracts. Accordingly, the company pledges to buy rice at the price signed in the contracts with farmers regardless of how much the price drops. As a result, farmers' incomes become more stable and their livelihoods are improved significantly. With a self-contained production process from field and cooperation with different farms, Thanh Tin Service and Trade Co., Ltd can supply a variety of rice from premium high (fragrant rice) to medium quality and raw quality rice with 5 per cent, 10 per cent, 15 per cent and 25 per cent broken as well as rice by-products such as bran and husk pellets. To offer organic, delicious rice to customers, apart from the…... [read more]

Viettel, one of the largest Vietnamese internet providers, confirmed the incident, saying international undersea cables AAG and Inter-Asia (IA) had developed problems in the Hong Kong sea area. AAG was down at two spots, some 66km and 85km away from the cable station in Hong Kong.  The IA cable line snapped at a location some 54km from its Hong Kong’s cable station.  The exact place where the SMW3 cable line broke down, however, is yet to be located. Internet providers in Việt Nam failed to provide an explanation as to why all three internet cables were down at the same time and were unclear about the timeline of when the cables would be fixed.  The providers said that they would have to rely more on land cables for internet in the mean time, however, those were unlikely to meet usage demand.  The AAG line is one of the longest submarine cables in the world, stretching more than 20,000km across the Pacific Ocean to link Southeast Asia with the United States. The line accounts for up to 60 per cent of the internet connection between Việt Nam and the rest of the world.  The IA cable is some 6,800km long and connects five Asian countries and territories – Việt Nam, Singapore, the Philippines, Japan and Hong Kong.  This is the third time AAG and IA have faced problems this year.  The other broken line, SMW3, connects the three regions of East Asia, the Middle East and Western Europe with total…... [read more]




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