Vietnam advised to experiment with 5G by 2020

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Though 4G is still in early development, experts say Vietnam should think of preparing for 5G soon.

4G has been in use in Vietnam for 1.5 years. VinaPhone was the first network operator to launch 4G services in the domestic market.

Figures about the number of 4G users to date are not available. Of three service providers, only Viettel has publicized the number of its clients.

By the end of March 2018, or one year of providing service, it had 10.6 million 4G subscribers, accounting for 25 percent of Viettel’s total clients.

If considering subscriber density, Ca Mau unexpectedly had a higher ratio of 4G subscribers to total mobile subscribers, followed by Da Nang, Bac Ninh and Hanoi.

Data users (both 3G and 4G) amount to 40 percent of total mobile subscribers of Viettel, according to Viettel’s deputy CEO Le Dang Dung. The military group is now trying to increase the figure to 60-70 percent by developing subscribers from current 2G users.

Data users (both 3G and 4G) amount to 40 percent of total mobile subscribers of Viettel, according to Viettel’s deputy CEO Le Dang Dung. The military group is now trying to increase the figure to 60-70 percent by developing subscribers from current 2G users.

When subscribers shift from 2G to 3G or 4G, they tend to use more service capacity, which means that network operators have higher revenue from 4G users.

As for Viettel, in Ba Ria – Vung Tau province, the average revenue per subscriber increased by VND50,000 with use of 4G, while in Binh Thuan, the revenue increased by 7-10 percent.

According to Thieu Phuong Nam from Qualcomm, even if the 4G service fee is equal to 3G, network operators will still make higher profits when providing 4G, because the cost of providing 1GB of 4G network is 70 percent lower than 3G.

Nam said the current 4G service fee set by network operators is ‘reasonable’.

Time for 5G?

As the world has begun preparing for 5G, experts believe that Vietnam also needs to think of doing the same.

At present, 4G can satisfy users who watch live video and play online games in terms of high-speed transmission and low latency.

The difference between 2G and 3G is the supplement of internet services (there are only voice and SMS services for 2G), while the difference between 3G and 4G is the higher-speed internet service (50Mbps).

With 5G, the speed goes up up to 10 Gbps and latency of less than 1/1,000 of second, which is low enough for computer-to-computer communication.

Nguyen Thi Kim Dung, CEO of Nokia Vietnam, said Vietnam may make the first tries with 5G from 2020, so that 5G can be used by 2021-2022. She said it would take a process to prepare, so there was no need to wait until the right moment.

By Kim Chi, Vietnamnet

 

Vietnam’s Giang Brothers delay ‘thank-you’ show due to injuries

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The Giang Brothers, a Vietnamese acrobatic duo where one balances on the head of the other, have had to postpone a special show meant to pay tribute to supporters due to injuries the younger incurred when participating in the 2018 Britain’s Got Talent.

Giang Quoc Co and Giang Quoc Nghiep, along with their media people and family members, announced the show delay during a press conference in Ho Chi Minh City on Monday.

The event was scheduled for June 28, as a ‘thank-you show’ the brothers want to dedicate to home supporters, who rooted for them during the course of the 2018 Britain’s Got Talent.

The daredevil Vietnamese gymnast brothers were invited to participate in the 2018 Britain’s Got Talent, and won their way to be among the famed TV show’s 11 finalists.

The duo’s signature act involves the older Co, 34, performing stunts while balancing his younger brother head to head.

During their practice before the show’s semi-final, Nghiep unfortunately fell and his head hit a stair.

However, the daredevils held in the pain and continued to practice and perform, until the TV talent show ended on June 4.

But this has caused Nghiep’s neck, head and hand joints to be extremely swollen, and his right arm to almost become numb.

Upon returning to Ho Chi Minh City from the UK with his older brother on June 10, to the warm welcome of their families and fans, Nghiep went straight to the hospital for a check-up.

The 28-year-old’s MRI scans revealed that his right hand has fractured, with doctors advising that Nghiep take a break from performing for treatment.

The brothers therefore had to put off their free-admission show, titled “Dung so hai” (Don’t be scared), to an unknown date, they told reporters on Monday.

Source: Tuoitrenews

 

Germany hits Mercedes with mass diesel recall

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Germany on Monday (Jun 11) ordered the recall of some 774,000 vehicles from Mercedes-Benz maker Daimler across Europe, citing illegal “defeat devices” designed to conceal high levels of harmful emissions from regulators’ tests.

“The federal government will order an immediate official recall because of illegal defeat devices,” Transport Minister Andreas Scheuer said in a statement.

The move mostly affects Vito vans and diesel-powered versions of GLC 4x4s and C-class sedans, Scheuer added.

Daimler boss Dieter Zetsche was summoned on Monday for crunch talks with Scheuer over emissions irregularities in the firm’s vehicles.

“Daimler says the applications in the motor control software the federal government has found fault with will be removed at the greatest possible speed and in cooperative transparency with the authorities,” Scheuer said.

A Daimler spokesman confirmed the recall to AFP, adding “legal questions will be cleared up in the appeal procedure” against the transport ministry decision.

‘DIESEL QUAGMIRE’
So-called defeat devices were at the heart of Volkswagen’s “dieselgate” scandal, in which the world’s largest carmaker admitted in September 2015 to installing them in 11 million vehicles worldwide.

Vehicles kept to legal emissions limits for harmful substances like nitrogen oxides during lab tests, only to exceed them as much as 40 times in on-road driving.

The scandal has so far cost the world’s largest car manufacturer over €25 billion (US$29.5 billion) in fines, buybacks and compensation, and senior executives are under investigation over their roles in the cheating.

In the years since 2015, other German carmakers have also been forced to recall vehicles to fix manipulated software, although none has so far admitted to mass cheating as Volkswagen did.

Recent weeks have seen Germany’s KBA vehicle licensing authority hit Volkswagen subsidiaries Audi and Porsche with mass recall orders over their engine control software, as well as a smaller batch of cars from rival BMW.

Prosecutors raided Munich-based BMW in March, saying their investigation was “only just getting started” after gathering evidence, and announced on Monday they suspect Audi chief executive Richard Stadler of fraud.

“The whole European car industry is still stuck in this diesel quagmire, and everything that’s been done so far has done nothing to set it free,” auto industry expert Ferdinand Dudenhoeffer of the CAR research centre told AFP – pointing also to Italian and French automakers.

The German government should approve hardware, rather than software alterations to manipulated vehicles to produce “an honest solution” to excessive emissions, Dudenhoeffer charged.

Otherwise, “car firms will continue to stumble into the future and watch as their reputations are destroyed,” he warned.

“The pressure is rising, but it’s of course up to the politicians” how much progress is made, Dudenhoeffer said.

For their part, German firms have announced dozens of new electric and hybrid models for the coming years in a bid to bring down emissions of both greenhouse gas CO2 – the original reason they turned to diesel – and of harmful NOx.

But they continue to bet on the internal combustion engine and diesel into the future, with Daimler and component maker Bosch recently touting upgraded diesel technology they say solves the motors’ exhaust issues.

Source: AFP

Vietnam Railways suspends officers following multiple train accidents

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HÀ NỘI — Vietnam Railways (VNR) recently imposed sanctions on and fired more than 10 directors and officers after consecutive train accidents last month, reported the Vietnam News Agency.

In a severe accident on May 24 between a train numbered SE19 and a truck in Tĩnh Gia District in the central province of Thanh Hóa, Thanh Hóa Railways Company sentenced its deputy director, Nguyễn Văn Minh, and dismissed Lê Nhân Bảo, head of Hoàng Mai barriers keeper team, and Đào Khánh Thiện, head of the No 5 railway management department.

The company has also decided to prolong the pay raise periods of three other officers.

Two persons were killed, and eight others were injured in the accident.

“Whether these sentences will be aggravated or mitigated depends on the conclusion of the police investigation into the case,” said Vũ Anh Mình, head of VNR Members’ Council.

Regarding the collision between two rail freights at the Núi Thành station in Quảng Nam province on May 26, seven officers were sentenced to imprisonment, including station head Dương Văn Minh and freight driver Dương Trần Chí Hiếu, who were also suspended.

Another accident on May 26 at the Yên Xuân station in Nghệ An province, in which a train was derailed, forced VNR to reduce the pay of two officers.

At a meeting of the VNR Disciplinary Council, VNR director Vũ Tá Tùng and deputy director Đoàn Duy Hoạch volunteered to receive strong sentences. However, the council voted against it and decided to serve them lighter ones.

In May last year, the railways connecting Hà Nội and HCM City witnessed five accidents, which killed two and injured 11. VNR was blamed for three of the collisions.

From December 16, 2017, to May 15, 2018, there were 122 train accidents in Việt Nam, a reduction of 30 cases

Source: VNS

Trump, Kim sign agreement but deal seen symbolic

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U.S. President Donald Trump and North Korea’s leader Kim Jong Un look at each others before signing documents that acknowledge the progress of the talks and pledge to keep momentum going, after their summit at the Capella Hotel on Sentosa island in Singapore June 12, 2018. Photo: Reuters

SINGAPORE — U.S. President Donald Trump and North Korean leader Kim Jong Un pledged on Tuesday to work toward complete denuclearization of the Korean peninsula while Washington committed to provide security guarantees for its old enemy.

But a joint statement signed at the end of their historic summit in Singapore gave few details on how either goal would be achieved.

“President Trump committed to provide security guarantees to the DPRK and Chairman Kim Jong Un reaffirmed his firm and unwavering commitment to complete denuclearization of the Korean Peninsula,” said the statement.

DPRK is the Democratic People’s Republic of Korea, the formal name of North Korea.

Trump said he expected the denuclearization process to start “very, very quickly”. U.S. Secretary of State Mike Pompeo and North Korean officials would hold follow-up negotiations “at the earliest possible date”, the statement said.

Political analysts said the summit had yielded only symbolic results and nothing tangible.

“It is unclear if further negotiations will lead to the end goal of denuclearization,” said Anthony Ruggiero, senior fellow of Washington’s Foundation for Defense of Democracies think tank. “This looks like a restatement of where we left negotiations more than 10 years ago and not a major step forward.”

The document also made no mention of the international sanctions that have crippled North Korea’s economy for pursuing its nuclear weapons program.

Nor was there any reference to finally signing a peace treaty. North Korea and the United States were on opposite sides in the 1950-53 Korean War and are technically still at war, as the conflict, in which millions of people died, was concluded only with a truce.

But the joint statement did say the two sides had agreed to recovering the remains of prisoners of war and of those missing in action and repatriating them.

China, the third party to the truce, said it hoped North Korea and the United States could reach a basic consensus on denuclearization.

“At the same time, there needs to be a peace mechanism for the peninsula to resolve North Korea’s reasonable security concerns,” China’s top diplomat, State Councillor Wang Yi, told reporters in Beijing.

If the joint statement does lead to a lasting detente, it could fundamentally change the security landscape of Northeast Asia, just as former U.S. President Richard Nixon visit to Beijing in 1972 led to the transformation of China.

But Li Nan, senior researcher at Pangoal, a Beijing-based Chinese public policy think tank, said the meeting had only symbolic significance.

“It is too early to call it a turning point in North Korea-U.S. relations,” Li said.

‘Leaving past behind’

However, the dollar jumped to a 3-week top on Tuesday and Asian shares rose on news of the agreement.

Before signing what Trump described as a “comprehensive” document, Kim said the two leaders had a historic meeting “and decided to leave the past behind. The world will see a major change.”

Trump said he had formed a “very special bond” with Kim and that relationship with North Korea would be very different.

“People are going to be very impressed and people are going to be very happy and we are going to take care of a very dangerous problem for the world,” Trump said.

Asked whether he would invite Kim to the White House, Trump said: “Absolutely, I will.”

He called Kim “very smart” and a “very worthy, very hard negotiator.”

“I learned he’s a very talented man. I also learned that he loves his country very much.”

During a post-lunch stroll through the gardens of the Singapore hotel where the summit was held, Trump said the meeting had gone “better than anybody could have expected”.

Kim stood silently alongside, but the North Korean leader had earlier described their summit as a “a good prelude to peace”.

Both men walked to Trump’s bullet-proof limousine, nicknamed “The Beast”, and looked in at the rear seat, with Trump apparently showing Kim something inside. They then resumed their walk.

They had appeared cautious and serious when they first arrived for the summit at the Capella hotel on Singapore’s Sentosa, a resort island with luxury hotels, a casino, manmade beaches and a Universal Studios theme park.

But, with cameras of the world’s press trained on them, they displayed an initial atmosphere of bonhomie as they met on the verandah of the Capella, a refurbished 19th century British regimental officers’ mess.

Body language expert said both men tried to project command as they met, but also displayed signs of nerves.

‘Like a movie’

After a handshake, they were soon smiling and holding each other by the arm, before Trump guided Kim to the library where they held a meeting with only their interpreters. Trump had said on Saturday he would know within a minute of meeting Kim whether he would reach a deal.

Inside, they sat alongside each other against a backdrop of North Korean and U.S. flags, with Kim beaming broadly as the U.S. president gave him a thumbs up.

After initial exchanges lasting around 40 minutes, Trump and Kim emerged, walking side-by-side through the colonnaded hotel before entering a meeting room, where they were joined by their most senior officials.

Kim was heard telling Trump through a translator: “I think the entire world is watching this moment. Many people in the world will think of this as a scene from a fantasy…science fiction movie.”

Trump was joined by Pompeo, National Security Adviser John Bolton, and John Kelly, White House Chief of Staff, for the expanded talks, while Kim’s team included former military intelligence chief Kim Yong Chol, foreign minister Ri Yong Ho and Ri Su Yong, vice chairman of the ruling Workers’ Party.

As the two leaders met, Singapore navy vessels, and air force Apache helicopters patrolled, while fighter jets and an Gulfstream 550 early warning aircraft circled.

After the meetings, the two teams and other senior officials met for a working lunch, where beef short ribs, sweet and sour pork and “Daegu Jormin”, or Korean braised cod, were served for the main course, according to the menu. That was to be followed by dark chocolate tarts, pastries and vanilla ice cream for dessert. The North Korean leader’s sister and close confidante Kim Yo Jong was among the lunch party.

Source: Reuters

Why do Vietnamese drink so much?

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Three men drink beer on a sidewalk on Hang Chieu Street, Hanoi. Photo: Tuoi Tre

Cheap prices, no drinking age limit and sales hour restriction, and unfinished legislation on the prevention of harmful effects of alcohol abuse are the three main reasons behind Vietnam’s rapid advance in the global beer and alcohol consumption rankings.

Middle-income Vietnam managed to jump 30 notches, from 94th in 2010 to 64th in 2016, on the list of the world’s biggest beer-drinking countries, Nguyen Tuan Lam, a WHO advisor for Vietnam, told an event held to discuss a draft decree on preventing alcohol abuse in Hanoi last week.

According to the WHO expert, each Vietnamese consumes an average of 8.3 liters of alcohol per annum, sending the country to the third place in Asia in terms of beer consumption.

Cheaper than milk

In Vietnam, beer is cheaper than milk.

While a 330ml can of beer fetches only VND11,000 (US$0.5), a 170ml bottle of milk already costs VND7,000. This is not to mention bia hoi (draft beer), which is much cheaper.

And beer is also as easy to buy as candy in the Southeast Asian country.

Many grocery store owners said it is normal to sell beer to children and juveniles, as there is currently no regulation on the sale of beer to children as per the Vietnamese law.

Nhung, a shopkeeper of a beverage store on Kha Van Can Street in Thu Duc District, Ho Chi Minh City, said many of her customers looked very young and they appeared to be sent to buy the alcoholic drinks for their families.

“I’m a vendor so I’d sell to anyone who wants to buy my stuff,” she said.

“Why should I care about customers’ age?”

Likewise, Tan, a manager of a drinking place on Le Quang Dinh Street in Go Vap District, said he would sell alcohol at his customers’ request, paying no attention to how old they may be.

“There were even cases when children who went to our place with adults were given beer to drink,” Tan revealed.

The unregulated buying and selling of alcohol has been putting pressure on urban order management forces, according to Tran Viet Lam, from the urban security unit of Ho Chi Minh City’s District 3.

Urban order management officers are only able to fine establishments for occupying the sidewalks, and “a lack of legal frameworks has prevented [them] from handling such issues as underage alcohol drinkers,” Lam admitted.

Under current laws, beer is classified as a common food commodity, therefore subject to the same food safety regulations as non-alcoholic products.

A consumer picks up a can of beer at a supermarket in Ho Chi Minh City. Photo: Tuoi Tre

Some experts suggest Vietnam look to other countries, where buying alcohol is strictly regulated, for better management of beer and alcohol consumption.

For instance, a Vietnamese health official recalled trying to buy alcohol during a restricted time period at a supermarket in the U.S., but all attendants strictly followed the rules and turned down his request.

Meanwhile in Thailand, alcoholic beverages are banned from sale during two certain periods every day, or during religious holidays and elections.

Draft decree still under discussion

Vietnam has in fact been preparing a draft decree on preventing the harmful effects of alcohol abuse for ten years.

The final draft of the legislation, expected to address the current policy gaps, is scheduled to be submitted to the lawmaking National Assembly for approval in early 2019.

The draft decree seeks to prohibit the sale of alcohol during specific times of the day, restricting the density of establishments selling alcohol, and banning the sale of alcohol to children.

While these propositions have been embraced by members of the public, as evidenced by the results of several surveys, they always meet with strong opposition from alcoholic drink makers.

Industry insiders express skepticism over the feasibility and practicability of the draft decree, saying the new regulations may affect tourism development.

But it appears that the beer makers are only concerned about their own revenue, which may be hit if the sale and consumption of alcohol in Vietnam are restricted.

Vu Thi Minh Hanh, deputy head of the Health Strategy and Policy Institute, said more attention should be paid to the harmful effects of alcohol abuse than money generated from selling beer.

While the world’s alcohol consumption has remained stable, rising from 6.2 liters per person a year to 6.4 liters per person a year after nearly a decade, the figure in Vietnam has jumped from 6.4 liters to 8.3 liters in the same period, Hanh said.

“The harmful effects of alcohol abuse have far outpaced the revenue that alcohol brought to liquor businesses,” Hanh underlined.

As Vietnam has to wait for another year for the bill on preventing and fighting against the harmful effects of alcoholic beverages to be revised and completed, many streets across the country will remain day and night filled with beer shops and the “Cheers” sound of drinking toasts.

By Bao Anh, Tuoi Tre News

Carabao Cup: Vietnam to host 2018-19 first-round draw

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Vietnam will host the first-round draw for the 2018-19 Carabao Cup on Friday.

It is the second campaign in a row the event has taken place in the Far East, after last year’s first and third-round draws were held in Thailand and China.

Last season the English Football League apologised after early draws were beset by problems – including teams being drawn out twice and confusion around home and away ties.

The 35 first-round games take place during the week starting 13 August.

EFL chief executive Shaun Harvey said they wanted to “promote the competition internationally” alongside the competition’s Thai sponsor.

West Bromwich Albion, who were relegated from the Premier League last season, are included in the first-round draw which will take place at 10:45 BST in Ho Chi Minh City.

Fellow Championship newcomers Stoke City and Swansea City will join in the second round alongside the top flight clubs which are not competing in Europe.

The EFL announced on Friday that extra time had been scrapped in the EFL Cup for next season, while seeding has been removed for the first two rounds of the competition.

However, north and south regionalisation will remain.

EFL Cup matches will go straight to a penalty shootout if the scores are level after 90 minutes to reduce “additional fatigue issues” following a vote by member clubs.

Source: BBC

‘Big four’ banks stay firmly in their positions as other big banks arrive

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The prosperity of the stock market in 2017 and the first months of 2018 has helped banks increase accumulated capital.

Techcombank on April 26 announced it had completed the sale of 164 million shares, collecting VND21 trillion worth of capital.

The shares went for a good price, VND128,000, a price level that only one bank has reached to date.

The high price of Techcombank shares was a big surprise. Even Vietcombank and Vietinbank in the ‘big four’ and VP Bank have not joined the ‘VND100,000 per share club’.

Vietcombank shares are trying to regain a VND60,000 per share threshold, while Vietinbank shares are struggling to stay at the VND30,000 per share level.

VP Bank shares still have not bounced back to the VND55,000 per share point and Military Bank shares are traded at VND31,000.

While waiting for technical analysis from securities companies, investors have surmised that Techcombank prices would soar because investors had rushed to collect shares on the eve of the bank’s debut on the bourse, slated for June 4.

Techcombank is considered an odd phenomenon as it has been accumulating profits for eight years and not paying dividends.

Techcombank’s wealth can be seen in the size of its stockholder equity which is three times higher than its charter capital. The rich bank had a capital surplus of more than VND8.2 trillion by the end of the first quarter of 2018 and a large amount of treasury stocks. It has undistributed profit of VND13 trillion.

An analyst said that with the record sale worth VND21 trillion, the capital surplus and high stockholder equity, Techcombank may soon be on an even footing with the four largest banks which are all state owned.

Among the big four, the No 1 position belongs to VietinBank, which has great advantages with VND9 trillion worth of capital surplus after equitization, undistributed profit of up to VND11.6 trillion and funds of VND7.5 trillion. VietinBank has VND37.234 trillion, but stockholder equity is VND66.171 trillion.

The common characteristic of the big four is that the state holds the controlling stake. As the dividend paid every year is low, the retained profit is big.

Vietcombank has a very large amount of undistributed profit of over VND12.2 trillion and funds of VND7.253 trillion. Its charter capital is VND36 trillion and stockholder equity VND56.065 trillion.

BIDV’s figures are lower, but also big: VND34.187 trillion in charter capital and VND50.803 trillion in stockholder equity.

US$1=VND22,000

By Thanh Mai

Source: Viet Nam Net

 

Vietnam promising market for foreign cosmetics manufacturers

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Vietnamese youth, who account for 60 percent of the total population, are a promising market for health and beauty products. The industry has an average growth rate of 30 percent per annum.

A series of South Korean cosmetics brands have arrived in Vietnam in recent years. The Face Shop, Ohui and Laneige have been opening shops in many cities and provinces. Their business has been prospering as South Korean products have high quality and reasonable prices.

Meanwhile, European brands such as Vichy, Lancome and L’Oréal, which have been cementing their positions in the domestic market, have been launching new products and running sale promotions to lure customers.

Dominic OH, director of INTEX, said INTEX plans to organize a cosmetics international exhibition – Mekong Beauty Show – in June. He said Vietnam is an emerging promising market because it has a high 6 percent GDP growth rate and increasing interest in beauty products and services.

Regarding the market scale, a report from Nielsen said Vietnam’s population has nearly reached 100 million, and 60 percent of them are aged below 35. The income per capita has been increasing rapidly recently, reaching $2,385, a rise of $170 compared with 2016.

The market analysis firm cited a report as showing that the cosmetics import/export turnover has soared from $3 billion in 2016 to $6 billion in 2017. At least 95 percent are smuggled products.

The Vietnamese cosmetics market is becoming busier than ever as Vietnam, as a member of FTAs, has slashed the import tariff on many items to 0-5 percent.

The fate of domestically made products

While foreign investors rush to scale up their production and expand distribution networks in Vietnam, domestic manufacturers have seen their market share shrink.

According to Nguyen Van Minh, chair of the Essential Oil, Flavors, Cosmetics Association, of the $6 billion worth of cosmetics import/export turnover in 2017, only 5 percent belonged to domestic companies.

Minh said Vietnam is rich in herbs, the input materials of many organic cosmetics products. However, domestic enterprises can only produce raw materials and cannot create high-end products.

Only a few Vietnamese cosmetics still can exist in the market, such as Thorakao and Miss Sai Gon, but they mostly target the low-cost market segment.

Minh said the association has asked agencies to help set up a R&D center to make organic products and take advantage of Vietnam’s rich herb treasure. However, nothing has happened.

Vietnam enterprises find it difficult to compete with foreign brands because of small production scale, low technology and limited investment capital.

By Chi Nam

Source: Viet Nam Net

Are The Bears Winning the Power Struggle For Vietnam Holding Ltd (VNMHF)?

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Vietnam Holding Ltd (VNMHF) shares have seen the Balance of Power trend lower over the past few sessions, indicating potential price moves are ahead.

The Balance of Power (BOP), indicator was developed by Igor Livshin and it was introduced in the August 2001 issue of Stocks and Commodities Magazine.  Balance of Power (BOP) measures the strength of the bulls versus the bears by assessing the ability of each to push price to extreme levels.  The BOP indicator represents the strength of the buyers (bulls) vs. the sellers (bears), and oscillates between -100 and 100. The calculation of the BOP = (close – open) / (high – low). A directional change of the BOP can be interpreted as a warning signal and will generally be followed by a price change.

Investors often have to decide how aggressive they are going to be in the stock market. Having the mindset of getting rich quick may result in the rapid loss of capital. Of course, there are those who have possibly had luck on their side, but jumping in head first without a plan can be a recipe for disaster. It may be tempting to take a leap with a risky stock. However, high returns in the equity market may come with extensive risk and volatility. Managing that risk in turbulent markets may help keep the average investor above water when things swing the wrong way. Investors may want to assess if they are trading too much or trading the wrong types of stocks. Doing all the research may involve keeping a close tab on technicals, fundamentals, relevant economic data, and earnings reports. Investors may have to find a way to keep the rational side from being consumed by irrational behavior when analyzing the markets.

One technical indicator that may assist in measuring the strength of market momentum is the Average Directional Index or ADX. At the time of writing, the 14-day ADX for Vietnam Holding Ltd (VNMHF) is standing at 29.18. Many chart analysts believe that an ADX reading over 25 would suggest a strong trend. A reading under 20 would suggest no trend, and a reading from 20-25 would suggest that there is no clear trend signal. The ADX was created by J. Welles Wilder to help determine how strong a trend is. In general, a rising ADX line means that an existing trend is gaining strength. The opposite would be the case for a falling ADX line.

Vietnam Holding Ltd (VNMHF)’s Williams Percent Range or 14 day Williams %R is sitting at -50.00. Typically, if the value heads above -20, the stock may be considered to be overbought. On the flip side, if the indicator goes under -80, this may signal that the stock is oversold. The RSI, or Relative Strength Index, is a commonly used technical momentum indicator that compares price movement over time. The RSI was created by J. Welles Wilder who was striving to measure whether or not a stock was overbought or oversold. The RSI may be useful for spotting abnormal price activity and volatility. The RSI oscillates on a scale from 0 to 100. The normal reading of a stock will fall in the range of 30 to 70. A reading over 70 would indicate that the stock is overbought, and possibly overvalued. A reading under 30 may indicate that the stock is oversold, and possibly undervalued. After a recent check, the 14-day RSI is currently at 48.59, the 7-day stands at 46.91, and the 3-day is sitting at 48.34.

Taking a look at another technical level, Vietnam Holding Ltd (VNMHF) presently has a 14-day Commodity Channel Index (CCI) of -35.62. Typically, the CCI oscillates above and below a zero line. Normal oscillations tend to stay in the range of -100 to +100. A CCI reading of +100 may represent overbought conditions, while readings near -100 may indicate oversold territory. Although the CCI indicator was developed for commodities, it has become a popular tool for equity evaluation as well. Moving average indicators are used widely for stock analysis. Many traders will use a combination of moving averages with different time frames to help review stock trend direction. One of the more popular combinations is to use the 50-day and 200-day moving averages. Investors may use the 200-day MA to help smooth out the data a get a clearer long-term picture. They may look to the 50-day or 20-day to get a better grasp of what is going on with the stock in the near-term. Presently, the 200-day moving average is at 2.36 and the 50-day is 2.78.

By The Caller

Vietnam’s top conglomerate Vingroup to foray into smartphones

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HANOI (Reuters) – Vietnam’s biggest conglomerate Vingroup JSC is making its first foray into smartphone manufacturing and sales, aiming for success in the Southeast Asian nation where smaller rivals have failed to dent the popularity of Samsung and Apple phones.

Vingroup said on Tuesday it has established VinSmart Co with registered capital of 3 trillion dong ($131.54 million) to produce smartphones and other smart electronics devices. The phones will be sold under the Vsmart brand.

VinSmart will also conduct research on artificial intelligence and will be located in the port city of Haiphong, Vingroup said in a statement, adding that it is already working with advisers on acquiring technologies and production equipment for the new project.

Vietnam, a nation of 93 million, is the largest smartphone production base for Samsung Electronics. Vingroup has operations in the real estate, education, healthcare, tourism and entertainment, retailing, agriculture and automobile manufacturing sectors.

By Khanh Vu

Donald Trump meets Kim Jong Un in Vietnam

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U.S. President Donald Trump and North Korean leader Kim Jong Un met face-to-face Tuesday morning for their highly anticipated summit.
During a bilateral meeting, Trump told Kim: “I know we’ll have tremendous success together and we’ll solve a big problem — a big dilemma — that until this point has been unable to be solved, and working together we’ll get it taken care of.”

According to a report by CNBC, U.S. President Donald Trump and North Korean leader Kim Jong Un met face-to-face Tuesday morning for their highly anticipated summit. After hours of talks, the U.S. president said he was heading toward “a signing” with Kim, but there was no immediate indication of what sort of agreement would be signed.

The summit began with the two men briefly shaking hands and taking a photo side-by-side, then moving to another room, where they sat and made brief statements for the press.

“We’re going to have a great discussion and, I think, tremendous success. It will be tremendously successful. And it’s my honor,” Trump said.

“We will have a terrific relationship — I have no doubt,” the president added.

For his part, the North Korean leader said, “It was not easy to get here. The past worked as fetters on our limbs, and the old prejudices and practices worked as obstacles on our way forward. But we overcame all of them, and we are here today,” according to a translation provided by the White House.

Trump responded: “That’s true.”

Following those comments, the two leaders began what was said to be a one-on-one meeting, with only translators in attendance.

Saul Loeb | AFP | Getty Images

North Korea’s leader Kim Jong Un (L) shakes hands with US President Donald Trump (R) at the start of their historic US-North Korea summit, at the Capella Hotel on Sentosa island in Singapore on June 12, 2018.

They then made a brief appearance together at a balcony exposed to cameras, and then headed into a larger bilateral meeting. With delegation members on opposing sides of the table, Trump delivered another message to Kim.

“Mr. Chairman, it’s a great honor to be with you, and I know we’ll have tremendous success together and we’ll solve a big problem — a big dilemma — that until this point has been unable to be solved, and working together we’ll get it taken care of,” Trump said before reaching for another handshake with his North Korean counterpart.

After hearing Kim’s response, Trump added: “We will solve it, we will be successful, and I look forward to working on it with you. It will be done.”

Later in the day, the two men walked out of the meeting together, and Trump addressed the media.

“It’s going great. We had a really fantastic meeting, a lot of progress, really very positive. I think better than anybody could have expected — top of the line, really good,” the president said.

“We’re going right now for a signing,” he added, walking away from the assembled media.

First such meeting in history

It was the first time that sitting leaders of the countries have met, and it came after years of bluster and threats from Pyongyang — and from Trump — that have raised fears of war.

Of note, many analysts have argued that any recent U.S. leader who had wanted to meet with Kim or his father before him could have done so, because North Korea sought the legitimization of such an event.

Trump is giving Kim’s regime that opportunity, but the U.S. team has also said it is resolute in its goal for Tuesday’s summit: North Korea’s total and verifiable denuclearization.

American officials have dangled relief from stringent international sanctions or even economic aid if the hermit regime were to acquiesce. Beyond those benefits, North Korea is understood to want guarantees about the future of its autocratic regime and the security of its borders.

Washington is hoping the bilateral discussions will be the first of many with Kim’s government, eventually leading to the country surrendering its nuclear capabilities. That weapons program has become a threat to neighbors South Korea and Japan — and more recently, even for the U.S. mainland.

For decades, Pyongyang has sought to depict the United States as an imperialist aggressor for its role in the Korean War, while simultaneously blaming Washington for North Korea’s dire economic condition.

The isolated country has long said it’s justified in seeking nuclear weapons in light of an “extreme and direct nuclear threat” from the United States.

Tuesday’s meeting is seen as a diplomatic breakthrough, even if some experts have said the summit is a strategic mistake on Washington’s part, since it allows Kim to appear as an equal to Trump.

What will North Korea demand?

Experts predict little in terms of concrete results from the summit. In the past, Pyongyang has said it may denuclearize only if certain conditions were fulfilled. Those include terminating America’s military presence in South Korea as well as ending the U.S. regional nuclear umbrella, a security arrangement in which Washington promises in-kind retaliation on behalf of close allies if they are attacked with nuclear weapons.

Washington has said its troops in South Korea would not be up for discussion during the Tuesday summit. Such a withdrawal could have major implications for Asia.

Saul Loeb | AFP | Getty Images

President Donald Trump (R) shakes hands with North Korea’s leader Kim Jong Un (L) as they sit down for their historic US-North Korea summit, at the Capella Hotel on Sentosa island in Singapore on June 12, 2018.

A failure to reach any deal poses risks, but so does reaching an agreement.

“The greatest risk is if we get a political agreement at this summit, and the optics look nice, but then it falls apart on the details — maybe not in six months, maybe not in one year, but in five years,” Michael Kovrig, senior advisor at the International Crisis Group, told CNBC on Monday.

“That’s why we need a clear, step-by-step process that goes action-for-action [and] creates a security environment where the North Koreans are actually willing to take steps, and the United States is in a position to monitor and verify those steps.”

Even if the North Koreans come out of the summit saying they are committed to denuclearization, that hardly guarantees anything. The regime has made false commitments before, and monitoring compliance to an agreement would present a challenge.

By Everett Rosenfeld | Nyshka Chandran

Vietnam raises reference exchange rate

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HANOI, June 12 (Xinhua) — Vietnam’s central bank on Tuesday adjusted up its reference exchange rate between Vietnamese dong and U.S. dollar by 8 Vietnamese dong to 22,575 Vietnamese dong per U.S. dollar.

With the current trading band of plus or minus 3 percent, the ceiling exchange rate is 23,252 Vietnamese dong per U.S. dollar, and the floor rate is 21,898 Vietnamese dong per U.S. dollar, said the State Bank of Vietnam.

Meanwhile, listed rates at big commercial banks in Vietnam were adjusted differently. Bank for Investment Development of Vietnam raised both rates by 5 Vietnamese dong, buying the greenback at 22,770 Vietnamese dong per U.S. dollar and selling at 22,840 Vietnamese dong per U.S. dollar.

Vietcombank kept both rates unchanged at 22,765 Vietnamese dong per U.S. dollar for buying and 22,835 Vietnamese dong per U.S. dollar for selling.

Last week, the reference exchange rates saw one up and three downs with total magnitude of 5 Vietnamese dong and 13 Vietnamese dong, respectively.

According to Vietnam’s National Financial Supervisory Commission, the central exchange rate in late 2017 rose around 1.6 percent against early 2017, while the average rate offered by commercial banks decreased 0.2 percent, and on the free market dropped some 1.5 percent.

Heat on Vietnam car barriers rises

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The commerce and industry ministries are escalating demands that the Vietnamese government eliminate non-tariff barriers on cars imported from Thailand, as Thai car shipments to Vietnam have stalled for over six months.

Thailand is pressuring Vietnam to eliminate its non-tariff barriers on completely built-up (CBU) cars exported from Thailand.

Thai exporters suspended their car shipments after Vietnam tightened inspections for all CBUs at seaports earlier this year. CBU cars are required to undergo tests in a Vietnamese laboratory to ensure they meet environmental and emissions standards.

But the laboratory facility is not large enough to process a large volume of cars, which suggests the measure is aimed at blocking car imports.

Import duties for Thai-made products were eliminated under the Asean Free Trade Area. Somchai Harnhiran, the deputy industry minister, said the two ministries are working to prepare information as they monitor Vietnam’s non-tariff barriers, effective from this year.

“Since Vietnam used the non-tariff barrier policy, Thailand’s automotive industry lost roughly 80% of car exports to that country,” he said.

“Both governments will be in talks soon and we are hoping for a good sign from the two countries.”

All 10 Asean countries have agreed on a free-trade agreement with no such barriers.

Recently, the ministry also held a meeting with car makers and auto parts makers to solve the problem.

“The government has prepared countermeasures for some Vietnamese products exported to Thailand, but it cannot disclose more details because that will be plan B if the bilateral negotiation fails,” said Mr Somchai.

He said car makers in Thailand reported that related exports to Vietnam stood at 4,590 units for the first quarter, with the annual target set at 65,000 units.

“Of the total volume, about 2,000 units were from Honda, but many car makers said they will stop efforts to export to Vietnam,” said Mr Somchai.

Auramon Supthaweethum, director-general of the Trade Negotiation Department, said Thailand will push forward negotiations with Vietnam at every meeting session, adding that laboratories must comply with mutual recognition arrangements (MRAs) for the inspections.

Vietnam only has one automotive testing agency, requiring roughly 30 days for vehicles to clear. Thailand, by contrast, has many agencies to test imported CBU cars under the Thailand Automotive Industry and Thai Industrial Standards Institute.

“Once Vietnam agrees on the MRAs, the next step will be to test the cars ourselves before making shipments there,” Mrs Auramon said after meeting with automotive-related agencies.”

“We aim to cut the custom clearance procedure at Vietnamese ports to facilitate Thai exports and reduce duplicate inspections.”

She said Thailand will propose MRA procedures at the Joint Trade Committee meeting scheduled for August.

Vietnam lawmakers approve cyber law, tighten rules on Google, Facebook

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HANOI (Reuters) – Vietnamese lawmakers approved a controversial cybersecurity law on Tuesday, voting amid tight security following weekend protests over other legislation that turned violent in some parts of the communist country.

The law, approved by 91 percent of attending lawmakers, would require Facebook (FB.O), Google (GOOGL.O) and other global technology firms to store locally “important” personal data on users in Vietnam and open offices in the country. The companies have pushed back against the provisions.

The vote took place two days after thousands of demonstrators took to the streets in several cities and provinces to denounce a plan to create new economic zones for foreign investment that has fueled anti-Chinese sentiment in the country.

Security was tight ahead of Tuesday’s vote, with police manning barricades outside the National Assembly in the capital Hanoi.

Some protesters on Sunday had derided the cybersecurity bill, which experts and activists say could cause economic harm and stifle online dissent.

The United States and Canada had urged Vietnam to delay the vote and review the cyber law to ensure it aligned with international standards amid worries it may present serious obstacles to Vietnam’s cybersecurity and digital innovation future.

Canada said some of the localization requirements might increase costs, uncertainty and risks for Canadian businesses and inhibit their global operations.

The Vietnam Digital Communication Association (VCDA) said the requirements could reduce Vietnam’s gross domestic product by 1.7 percent and wipe off 3.1 percent of foreign investment. Trade and foreign investment are key to Vietnam’s economy.

It also raised fears about tougher restrictions on online dissent by requiring social media companies in Vietnam to remove offending content from their platforms within one day of receiving a request from the authorities.

Human Rights Watch said last week the bill targets free expression and access to information, while Amnesty International said the law would allow Vietnamese authorities to force tech firms to hand over data to censor users’ posts.

Vo Trong Viet, head of the defense and security committee which drafted the law, said the requirement to store data inside Vietnam was feasible, crucial to fighting cyber crime and in line with international rules.

“Placing data center in Vietnam increases costs for businesses but is a necessary requirement to meet the cybersecurity need of the country,” he told lawmakers.

By Mai Nguyen

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