S. Korea again urges N.K. to accept dialogue on family reunions

VNPT Technology, a member of VNPT, introduced a new 4G smartphone called Vivas Lotus S3 LTE on July 29. The phone is the fifth generation of its Vivas Lotus line, with a solid metal chassis and double-sided tempered glass and a 5.5 inch screen with HD resolution of 267 pixels per inch. The phone runs Android 6.0.1 and is equipped with a 1.3GHz core processor, 3GB RAM - 32 GB ROM internal memory, and a 3000 mAh battery. Its back camera is 13.0 MP (Auto-Focus) and the front camera is 5.0 MP. It features many exclusive applications developed by VNPT Technology, such as TV on Demand, a Call Block application, an IPRadio - online radio service, and the VNPT App Store. Supporting 4G LTE is an advantage for Vivas Lotus S3 compared to other smartphones in the same segment. It costs VND3.99 million ($175) and is targeted at middle-income earners and young people such as students. The phone is a real Vietnamese smartphone for the middle class as it is Made in Vietnam. Prior to VNPT Technology, other Vietnamese tech companies such as FPT and Viettel also introduced smartphones for the middle class but they were manufactured in China. The first generation Vivas was introduced in August 2013, which surprised the tech community because VNPT had not previously introduced a smartphone. It also introduced SmartBox PC on the same day, which combines…... [read more]

Prime Minister Nguyen Xuan Phuc has called on Chinese businesses to increase their investment in important sectors in Vietnam, with attention paid to technological and environmental issues. He made the appeal at a reception for Chen Yilong, Chairman of Sunshine Kaidi New Energy Group Co Ltd., and Jiang Rongjian, Deputy Director of China Huarong Asset Management Co Ltd. in Hanoi on July 31. The PM suggested the two companies establish cooperation to carry out joint projects.  Chen Yilong said Kaidi, Huarong and Hanoi General Import and Export JSC (Geleximco) of Vietnam set up an international investment fund worth US$15 billion.  Kaidi is keen on investing in thermo-electric plants in Vietnam and commits to building environmentally-friendly factories with cutting-edge equipment and technologies and highest environmental standards, helping the country meet its energy demands, he said.  He added that the company is also interested in investing in Vietnam’s major infrastructure projects like airports, seaports, logistics services and urban expressways, thus contributing to the country’s development.   For his part, Jiang Rongjian said Huarong is China’s largest unit in asset, finance and monetary management with its assets valued at US$220 billion in 2016.  Kaidi is Huarong’s long-term partner, he said, noting that his company hopes to participate in a number of big investment projects in Vietnam.  Applauding ideas raised by the two companies, PM Nguyen Xuan Phuc said with state-of-the-art technologies, high environmental standards and…... [read more]

Doha (AFP) - Qatar has filed a complaint with the World Trade Organization over an "illegal siege" imposed by its Gulf neighbours, the commerce ministry said on Monday. General view of Hamad Port in Qatar's capital Doha (AFP Photo/Karim JAAFAR) The gas-rich emirate has been slapped with sanctions and demands after four countries including regional kingpin Saudi Arabia cut ties with it on June 5, accusing Doha of fostering Islamist groups and of links to Riyadh's arch-rival Iran. Qatar denies the allegations. The Ministry of Economy and Commerce said a complaint had been lodged with the WTO's Dispute Settlement Body against the "siege countries". The Saudi-led bloc has demanded the termination of regional news giant Al-Jazeera, the downgrading of Iran ties and the closure of a Turkish military base in the country. The countries have also recalled their ambassadors from Doha, ordered all Qataris to return home and banned Qatar from using their airspace. "The complaint accuses the siege countries of violating the WTO's core laws and conventions on trade of goods and services, and trade-related aspects of intellectual property," the Qatar ministry said. "The arbitrary measures taken by the siege countries are a clear violation of the provisions and conventions of international trade law. "Furthermore, the illegal siege is unprecedented in the framework of economic blocs," Qatar's economic and commerce minister Sheikh Ahmed bin Jassem bin Mohammed Al-Thani said in…... [read more]

On August 1, FWD Vietnam Life Insurance Company Ltd. (“FWD”) and Nam A Commercial Joint Stock Bank (“Nam A Bank”) have signed an exclusive 15-year bancassuarance partnership to provide comprehensive and diverse life insurance products for Nam A Bank’s customers. With this agreement, FWD will expand its bancassurance distribution network as it aims to become a leading insurer in Vietnam that changes the way people feel about insurance. Mr Anantharaman Sridharan, FWD’s General Director, said: "FWD has achieved remarkable growth in the last six months, and our bancassuarance distribution channel has been a significant driver of this. Our strength in providing innovative and simple products and a unique customer experience supported by leading digital technologies will complement Nam A Bank’s network for the ultimate benefit of their customers and the availability of insurance. This is aligned with our vision to change the way people feel about insurance and help Vietnamese families to live life to the fullest.” Ms Luong Thi Cam Tu, Nam A Bank’s General Director said: "We have studied many partners to choose the suitable one for cooperating, diversifying services and maximizing Nam A Bank’s internal strength. With a strong financial position and extensive experience in insurance in Asia, FWD has become as our exclusive partner. Through our stable customer base and nationwide network as well as the same strategy of “customer centricity” and mutual trust, I believe that the cooperation between Nam A Bank and FWD will bring good results not…... [read more]

Vietnam’s foreign ministry has objected to a cinema China has built on the Hoang Sa (Paracel) Islands, calling it a violation of Vietnam’s territorial rights and international laws. Le Thi Thu Hang said in a statement Tuesday that the move “cannot change Vietnam’s sovereignty over the islands”. She said Vietnam has enough legal foundation and historical evidence to prove its rights over the Paracels and Spratlys, another island chain in the East Sea, the Vietnamese reference for the South China Sea. “Vietnam objects to this and demands that China not repeat similar actions,” she said. China opened the cinema last month on Woody Island in the Paracels. The island is home to around 1,000 people, and China has been developing it into a city it calls Sansha. “The opening of the cinema is part of a plan by local cultural authorities to establish community services on islands under Sansha’s jurisdiction,” Chinese state news agency Xinhua said. China invaded the Paracel Islands in 1974, as American forces withdrew from the region, abandoning a naval unit of the then U.S.-backed Republic of Vietnam to a brief but bloody assault. Vietnam's behemoth northern neighbor has illegally occupied the islands ever since; re-unified Vietnam has never relinquished its sovereignty over the Paracel Islands. The Spratly island chain is claimed in part or whole by China, Vietnam, the Philippines, Malaysia, Brunei and Taiwan. An international tribunal in The Hague last year dismissed most of China’s claims in the South China Sea, but Beijing has…... [read more]

NDO – Mozambican Prime Minister Carlos Agostinho do Rosario has arrived in Hanoi, starting his four-day official visit to Vietnam per invitation of PM Nguyen Xuan Phuc, aiming to strengthen the traditional friendly relations between the two countries. Mozambique is a country in Southeast Africa. Over the past years, the Mozambican government has actively called for foreign investment, strengthening the upgrade of infrastructure, promoting internal power in national construction, focusing on reducing poverty and ensuring food security. Thereby, Mozambique has attained significant achievements in its economic reforms, reporting a gross domestic product (GDP) growth rate of 3.6% in 2016. The country has seen a lot of economic flourishes this year, with increasing agricultural outputs, strengthened production and exports, and stabilised domestic currency. Other nations have begun to resume their official development assistance (ODA) sponsorship for Mozambique, while foreign investment in the country rose sharply, primarily in the fields of gas and mining. Mozambique’s GDP growth in 2017 is predicted to reach 4.5%. The Southeast African country has been rated by the International Monetary Fund (IMF) as a nation with the fastest economic development outlook in the Southern Sahara region. After the armed conflict between the Government, led by the Mozambique Liberation Front (FRELIMO), and the Mozambican National Resistance (RENAMO) opposition party concluded in May 2017, FRELIMO has continued promoting its role as a ruling party on the national scale, guiding the country through the difficult phase. As a member of many international organisations, Mozambique has actively participated in addressing regional…... [read more]

NDO/VNA – Prime Minister Nguyen Xuan Phuc has called on Chinese businesses to increase their investment in important sectors in Vietnam, with special attention to technological and environmental issues. He made the appeal at a reception for Chen Yilong, Chairman of Sunshine Kaidi New Energy Group Co Ltd., and Jiang Rongjian, Deputy Director of China Huarong Asset Management Co Ltd. in Hanoi on July 31. The PM suggested the two companies establish cooperation to carry out joint projects. Chen Yilong said Kaidi, Huarong and Hanoi General Import and Export JSC (Geleximco) of Vietnam set up an international investment fund with an estimated value at US$15 billion. Kaidi is keen on investing in thermo-electric plants in Vietnam and commits to building environmentally-friendly factories with cutting-edge equipment and technologies with the highest environmental standards, thus helping the country meet its energy demands, he said. He added that the company is also interested in investing in Vietnam’s major infrastructure projects such as airports, seaports, logistics services and urban expressways, hence contributing to the country’s development. For his part, Jiang Rongjian stated that Huarong is China’s largest unit in assets, finance and monetary management with its assets valued at US$220 billion in 2016. Kaidi is Huarong’s long-term partner, he said, noting that his company hopes to participate in a number of big investment projects in Vietnam. Applauding ideas raised by the two companies, PM Nguyen Xuan Phuc stated that with state-of-the-art technologies, high environmental standards and on-schedule progress, the companies will actively contribute to…... [read more]

NDO – Prime Minister Nguyen Xuan Phuc has suggested that the two Chinese companies, Sunshine Kaidi New Energy Group Co Ltd., and China Huarong Asset Management Co Ltd., establish cooperation to carry out joint projects in Vietnam. The PM made the appeal at a reception for Chen Yilong, Chairman of Sunshine Kaidi New Energy Group Co Ltd., and Jiang Rongjian, Deputy Director of China Huarong Asset Management Co Ltd. in Hanoi on July 31st. The PM has called on Chinese businesses to increase their investment in important sectors in Vietnam, with special attention given to technological and environmental issues. Chen Yilong said Kaidi, Huarong and Hanoi General Import and Export JSC (Geleximco) of Vietnam has set up an international investment fund worth US$15 billion. Kaidi is keen on investing in thermo-electric plants in Vietnam and commits to building environmentally-friendly factories with cutting-edge technologies with the highest environmental standards. According to Kaidi this will help the country meet its energy demands. He also has stated that the company is equally interested in investing in Vietnam’s major infrastructure projects such as airports, seaports, logistical services and urban expressways, therfore contributing to the country’s overall infrastructural development. For his part, Jiang Rongjian said Huarong is China’s largest unit in assets, finance and monetary management with its assets valued at US$ 220 billion in 2016. Kaidi is Huarong’s long-term partner, has stated , that his company hopes to participate in a number of big investment projects in Vietnam. Applauding ideas raised by the two…... [read more]

NDO/VNA – Trinh Xuan Thanh, former Chairman of the PetroVietnam Construction Corporation (PVC), gave himself up to the Investigation Security Agency under the Ministry of Public after nearly one year of evading international arrest warrant, the ministry reported on July 31. On September 16, 2016, the Ministry of Public Security’s Investigation Police Agency decided to launch criminal proceedings against Thanh, born in 1966 and residing at House No 24-C2 Ciputra in Hanoi’s Tay Ho district, for alleged violations of State regulations on economic management resulting in losses of nearly VND3.3 trillion (US$142 million) for the PVC during his leadership. After finding that Thanh had fled abroad, the ministry decided to issue an arrest warrant domestically and internationally for him. Earlier, members of the Secretariat of the Party Central Committee agreed to expel Thanh from the Party with 100% of approval votes. According to the Secretariat, between 2007-2013, in his positions as Deputy Secretary of the Party Committee and Director General of the PVC, and later as Secretary of the PVC’s Party Committee and Chairman of the Board of Directors, Thanh showed irresponsibility and negligence in the leadership and management of the corporation’s operation, and violated legal regulations on business administration, resulting in many wrongdoings and losses of nearly VND3.3 trillion. As the top official of the corporation, Thanh must bear the main responsibility for the mistakes and wrongdoings. As Thanh was responsible for the wrongdoings, law violations and losses at the PVC, leaders of the…... [read more]

NDO/VNA – Trinh Xuan Thanh, former Chairman of the PetroVietnam Construction Corporation (PVC), gave himself up to the Investigation Security Agency under the Ministry of Public after nearly one year of evading international arrest warrant, the ministry reported on July 31. On September 16, 2016, the Ministry of Public Security’s Investigation Police Agency decided to launch criminal proceedings against Thanh, born in 1966 and residing at House No 24-C2 Ciputra in Hanoi’s Tay Ho district, for alleged violations of State regulations on economic management resulting in losses of nearly VND3.3 trillion (US$142 million) for the PVC during his leadership. After finding that Thanh had fled abroad, the ministry decided to issue an arrest warrant domestically and internationally for him. Earlier, members of the Secretariat of the Party Central Committee agreed to expel Thanh from the Party with 100% of approval votes. According to the Secretariat, between 2007-2013, in his positions as Deputy Secretary of the Party Committee and Director General of the PVC, and later as Secretary of the PVC’s Party Committee and Chairman of the Board of Directors, Thanh showed irresponsibility and negligence in the leadership and management of the corporation’s operation, and violated legal regulations on business administration, resulting in many wrongdoings and losses of nearly VND3.3 trillion. As the top official of the corporation, Thanh must bear the main responsibility for the mistakes and wrongdoings. As Thanh was responsible for the wrongdoings, law violations and losses at the PVC, leaders of the…... [read more]




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