North Korean leader Kim visits China, meets President Xi

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North Korean leader Kim Jong Un meets with China’s President Xi Jinping, in Dalian, China in this undated photo released on May 9, 2018 by North Korea’s Korean Central News Agency (KCNA).

BEIJING/SEOUL — North Korean leader Kim Jong Un visited China and met President Xi Jinping, state media of both countries said on Tuesday, their second encounter in two months in a flurry of diplomatic engagement that has eased tensions on the Korean peninsula.

They met on Monday and Tuesday in the coastal city of Dalian ahead of what would be a historic meeting between Kim and U.S. President Donald Trump that the White House has said could take place as soon as this month.

China has been keen to show it has an indispensable role in seeking a lasting solution to tension over North Korea’s pursuit of nuclear weapons, concerned that its interests may be ignored, especially as North Korea and the United States establish contacts.

During the visit, announced only after it was over, Kim told Xi he hoped relevant parties would take “phased” and “synchronized” measures to realize denuclearization and lasting peace on the Korean peninsula.

“So long as relevant parties eliminate hostile policies and security threats toward North Korea, North Korea has no need for nuclear (capacity), and denuclearization can be realized,” China’s official Xinhua news agency cited Kim as saying.

Kim told Xi the denuclearization of the peninsula was North Korea’s “constant and clear position”, and that dialogue between North Korea and the United States could build mutual trust.

Trump-Xi call

Trump and Xi discussed developments on the Korean peninsula and Kim’s visit to China during a phone call on Tuesday morning, the White House said.

Trump and Xi agreed on the importance of maintaining sanctions on Pyongyang until it permanently dismantles its nuclear and missile programs, the White House said. Chinese state media said Xi reiterated China’s support for a U.S.-North Korea summit.

Chinese state television said Xi said he “hopes the United States and North Korea can build mutual trust, synchronize actions, resolve each side’s concerns through meeting and consultations, consider North Korea’s reasonable security concerns, and jointly promote the political resolution process to the Korean peninsula issue.”

In the past North Korea has used the term “hostile policies” in reference to the U.S. troop presence in South Korea, the U.S. nuclear umbrella covering South Korea and Japan and regular joint military exercises in South Korea.

China is North Korea’s most important economic and diplomatic backer, but Beijing has been angered by Pyongyang’s repeated nuclear and missile tests and supported tough U.N. sanctions against its Cold War-era ally.

The two sides have stepped up engagement since Trump surprised the world in March by saying he would be willing to meet Kim in a bid to resolve the crisis over Pyongyang’s development of nuclear missiles capable of hitting the United States.

Smiling Kim accompanied by sister

Kim was accompanied to China by his sister, Kim Yo Jong, who has played a leading role in diplomatic overtures by the country.

Chinese state media showed pictures of Kim smiling in an outdoors meeting with Xi, and the two leaders strolling along a waterfront.

Xi hosted a banquet and told Kim of his backing of North Korea’s “strategic shift towards economic development”, Xinhua added.

“China supports North Korea’s upholding of denuclearization on the peninsula, and supports North Korea and the United States resolving the peninsula issue through dialogue and consultation,” Xi said.

North Korean state media said Kim was “very pleased” that the relationship with China was reaching a high point, and North Korea would cooperate with China more actively as the situation on the Korean peninsula changed.

The two leaders “opened their hearts and had warm conversations,” North Korea’s state news agency KCNA reported.

Latest summit

The meeting was the latest in a series by North Korean leaders and follows Kim’s historic summit with South Korean President Moon Jae-in last month.

In March, Kim traveled by train to Beijing, his first known trip abroad since assuming power in 2011.

Kim used his official aircraft to make the short flight to Dalian, in what was his first known international flight since assuming power.

Kim’s father, Kim Jong Il, feared flying, fuelling speculation that the younger Kim may not be willing to travel far to meet Trump. The venue for their summit has not been announced.

The demilitarized zone, or DMZ, between North and South Korea, and Singapore are believed to be the most likely contenders for the venue.

South Korea’s presidential office said the Chinese government notified Seoul about the Xi-Kim meeting in advance.

Intense secrecy typically surrounds high-level North Korean visits to China, and this week’s trip was no different.

Throughout the day on Tuesday there was speculation on Chinese websites that a North Korean leader was in China, though China’s foreign ministry said earlier it had no information and Chinese state media did not carry any reports.

Japanese public broadcaster NHK had shown images of two North Korean aircraft taxiing at Dalian’s airport, one an Air Koryo plane and another carrying a North Korean emblem.

Posts about unusual traffic jams and security in Dalian popped up on Chinese social media.

Source: Reuters

Facebook shakes up management, launches blockchain division

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Facebook CEO Mark Zuckerberg speaks at Facebook Inc’s annual F8 developers conference in San Jose, California, U.S. May 1, 2018. Photo: Reuters

SAN FRANCISCO — Facebook Inc Chief Executive Mark Zuckerberg on Tuesday ordered one of the biggest management shakeups in the history of the social network, giving more responsibility to his chief product officer and launching a blockchain division.

The shakeup appeared to consolidate power at the sprawling internet company, although it included no firings or outside hires and did not change the role of either Zuckerberg or Chief Operating Officer Sheryl Sandberg.

Chris Cox, the chief product officer in charge of the flagship Facebook service, will now also oversee the widely used services Instagram, Messenger and WhatsApp, the company said.

WhatsApp has been given a relatively free hand since 2014, when Facebook bought it for $22 billion, but in recent months its two co-founders have announced their resignations, opening the door to closer integration.

Two other executives, Chief Technology Officer Mike Schroepfer and Vice President of Growth Javier Olivan, will oversee other consolidated divisions, one related to “new platforms and infrastructure” and another for centralized services such as the ads system.

Facebook confirmed the staff moves, which were first reported by the tech news website Recode. The company declined to comment on the reasons behind the shakeup.

David Marcus, the head of Messenger for the past four years, is leaving that role to set up a group to explore how to use blockchain technology across Facebook, he said in a post on Facebook.

Blockchain, the technology that underpins cryptocurrencies such as bitcoin, could have other business applications as a ledger for recording transactions, although Marcus said Facebook was “starting from scratch.”

Stan Chudnovsky, who has been Messenger’s product chief, will succeed Marcus as head of the service, Facebook said.

Chris Daniels, who has been in charge of a Facebook effort to expand internet access, will be the head of WhatsApp, succeeding Jan Koum, the WhatsApp co-founder who said last week he was leaving the company.

A second WhatsApp co-founder, Brian Acton, left in September to start a foundation.

Messenger and WhatsApp each has more than 1 billion users, making them among the most widely used smartphone apps globally.

Kevin Weil, head of product at Instagram, is leaving that job to join Facebook’s blockchain division, and Adam Mosseri, head of the Facebook News Feed, will succeed Weil at Instagram, the company said.

Source: Reuters

Vietnam to beat Indonesia in AFC’s quarter-finals

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Vietnam has set its sights on beating Indonesia in the quarter-finals of the Asian Football Confederation (AFC) Women’s Futsal Championship 2018 on May 9.

The game will be held at Bangkok Arena in Thailand.

“Indonesia, the runners-up of Group A, are arch rivals of Vietnam, and the two sides are evenly matched for talent,” said Vietnamese coach Truong Quoc Tuan. “However, we are determined to defeat them to earn the right to compete in the event’s semi-finals.” .

Vietnam gained three wins to top Group B and reach the quarter-finals. The team beat Chinese Taipei 1-0, Bangladesh 7-0, and Malaysia 3-1.

These wins will be a driving force for Vietnam to perform in the upcoming match.

“Being the winner of Group B improves the morale of the Vietnamese team, and takes off some of the pressure. After finishing the qualifying round, we mainly focused on training our player’s physical strength, ensuring that they have the best possible form,” said Tuan.

At the Southeast Asian Games last year, Vietnam bested Indonesia 2-1 to take the silver medal, while Indonesia received the bronze medal.

Vietnam will have its best line-up for the match today after their key player Nguyen Thi Chau recovered from her injury.

Source: VNS

Adidas to see ongoing sourcing shift from China to Vietnam

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The chief executive of Adidas (ADSGn.DE) expects a shift in its sourcing of footwear from China to Vietnam to continue although he shrugged off concerns on Wednesday about the possible imposition of U.S. tariffs on Chinese-made shoes.

According to a report by Reuters, factories in Vietnam produced 44 percent of Adidas footwear volume in 2017, up from 31 percent in 2012, while Chinese suppliers made 19 percent, down from more than 30 percent in 2012, Kasper Rorsted told a annual meeting of shareholders.

“I’m not going to rule out that this trend is going to continue,” he said, adding: “China is still an important procurement market, irrespective of trade duties.”

Rorsted noted that there was still a lot of uncertainty over what sectors could face new U.S. tariffs. “We might be hit by import duties but it will also apply to our competitors.”

German rival Puma (PUMG.DE), which makes about a third of its products in China, said last month that it is working on contingency plans to move some production from China to other Asian markets if U.S. tariffs are imposed.

Reporting by Emma Thomasson; Editing by Arno Schuetze

​Gay couple ties the knot in fairy-tale wedding in northern Vietnam

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Two men in northern Vietnam embraced their love with a heartwarming wedding on Monday in the blessing of their family and friends.

The young couple walked down the aisle at one of Hai Phong’s biggest wedding and convention centers, marking the first time a gay wedding had been held in the city.

Same-sex marriage is not recognized in Vietnam, but gay couples are free to hold weddings because a ban was overturned in 2015.

The men, Quoc Khanh and Thanh Loi, celebrated their love in the arms of their mothers, relatives and friends.

“Just like food, happiness is the energy that keeps us vitalized to work and enjoy life,” Khanh spoke during the wedding ceremony.

“You just have to filter out others’ judgment and live your life the way that makes you feel happy. Nobody is paying you to live the way they deem fit. At the end of the day, what matters is being a good human being to the society, your family and the ones you love.”

The ‘fairy-tale’ wedding has made local headlines as netizens applauded the men’s courage in defying social norms against homosexuality that still exist in some parts of the country.

“I wish you endless happiness in your love and on the path that you have chosen to walk down,” a user commented under a photo of the couple posted on social media.

“It always moves me to see people brave enough to overcome barriers and come together in the name of love. You have my admiration.”

A Vietnamese gay couple is joined by families and friends in a wedding ceremony in Hai Phong City, located in northern Vietnam, on May 7, 2018.

Despite Vietnam’s remarkable progress in fostering an open-minded public attitude toward the LGBT community, same-sex couples are still reluctant to hold public weddings for fear of discriminative judgment.

In 2015 the country removed the organization of same-sex weddings as a legal offense and lifted an administrative fine against the activity.

Transgender people who have undergone sex reassignment surgery are allowed to register under their new sex following a landmark law that took effect last year.

Gay pride events have been an annual celebration since 2012, joined by hundreds of thousands across Vietnam.

A collage of wedding photos by a Vietnamese gay couple from the northern city of Hai Phong.

By Tuan Son

Source: Tuoi Tre News

Vietnam stock valuations seen as pricey after IPO binge

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Vietnam has just celebrated its two biggest IPOs and its first-ever ranking as Southeast Asia’s hottest capital market. But its benchmark index has also just suffered its worst monthly fall in seven years, prompting fund managers and strategists to warn valuations may have peaked.

The small frontier market, whose main index has a market value of $128 billion, has in recent years become an investor darling, buoyed by a fast-growing economy and expectations that it could be reclassified as a mainstream emerging market when the index provider MSCI publishes its annual review in June.

Investor appetite has been whetted further by the government’s ambitious privatization and market reform plans.

The Vietnam Index .VNI is still up 7 percent this year, and 70 percent over the last two years, but some analysts say that risks are rising as blue chips become expensive.

Hasnain Malik, equity research head at the London-based Exotix Capital, said that interest in Vietnam was “built on low political risk, export and consumption growth and low inflation”, but investors had priced in those positives already.

“The market is more sensitive to any whiff of disappointment, rather than further confirmation of the positive,” Malik said.

In addition to a sell-off in emerging markets and concerns over new rules related to margin lending, worries that Vietnamese stocks are over-valued led to a 10 percent fall in the market last month, which compares with a rise of 1 percent in MSCI’s Asia ex-Japan index .MIAPJ0000PUS.

Large Vietnamese companies – those valued at more than $1 billion – are on aggregate trading at 19 times estimated profits for the next 12 months, compared with 14.7 times for Indonesia and 15.1 for Philippines, Reuters data shows.

Some firms stand out: Vingroup trades at 37 times estimated earnings.

Alan Richardson, senior portfolio manager of ASEAN equities at Samsung Asset Management said: “The market is over-valued because investors have not priced in potential risk of rising capital markets volatility” from external factors like the brewing trade war between China and the United States.

He also cited tighter liquidity stemming from rising U.S. bond yields and the appreciation of the dollar.

All that could make equity fund flows turn negative.

Still, the sale of shares in Vinhomes, a residential property developer that is part of the country’s biggest conglomerate, Vingroup JSC VIC.HM, raised $2.2 billion over in the past month and attracted the likes of GIC, Singapore’s sovereign wealth fund, and Mirae Asset Global Investments.

This eclipsed an equity offering from Techcombank, which raised about $920 million from investors including Fidelity, GIC and Dragon Capital, a local fund, last month.

Source: Reuters

Solar power market attracts flood of investors

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The great potential of solar energy sources in Vietnam has attracted many foreign investors.

According to USAID’s Energy Program, there are hundreds of solar projects registered with total capacity of up to 17,000MW.

Just several years ago, households in Tinh Bien district in An Giang province had to use batteries to run lamps and fans. Every two or three days, they had to go to the central area to have batteries charged, and pay VND25,000 for charging services and VND45,000 for motorbike fuel.

But things are different now. “We have electric lights for children to learn their lessons in the evening and for us to tailor clothes for an enterprise for extra money,” said Thach Son, a local man.

In 2017, Sao Mai Group and USAID began developing a 210 MW solar power project in the same district, the largest project of this kind in Vietnam. Solar power not only can be used for family use, but also in agricultural production, helping cut 70 percent of costs on electricity.

According to Le Anh Tuan from the Can Tho University, one household can install 12 solar panels with investment capital of VND130 million to generate 2.2 kwh of electricity. He uses the model and can save VND1-1.5 million a month.

Rau Sach Ngon, a clean vegetable growing company, when setting up its aeroponics farm in Nha Be district, met difficulties because of saltwater and restricted light sources. However, the problems were settled with the solar power system.

The 200 square meter farm, run with 90 percent of electricity from the system, can provide 100 kilograms of vegetables a day.

According to Duong Minh Trung, director of Rau Sach Ngon, solar power allows investors to save production costs as they can set up farms in areas far from the center where land rent is much lower.

In the central region, solar panels are used by locals to grow dragon fruit, which has high export value. In the Central Highlands, solar power systems are used to irrigate and light coffee fields and harvest coffee.

The great potential of solar energy sources in Vietnam and the fall in equipment prices have attracted many investors.

According to Bloomberg New Energy Finance, the solar power price has dropped by 253 times since 1977 to $0.3.watt. With large-scale investment, one megawatt of hydraulic power will need investment of $2.5 million, while the figure is just half for solar power.

USAID reported that hundreds of solar power projects have been registered with total capacity of 17,000 MW. Ninh Thuan alone has attracted 140 projects, Binh Thuan 100, Dak Lak 13 and Khanh Hoa 12.

By Thanh Lich

Source: VietNamNet

Conflict of interest in BOT projects continues to be heady issue

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While vehicle owners complain that the toll fees lead to high logistics and production costs, BOT project developers complain that the fee is not high enough to recover investment capital.

A series of BOT project investors have complained that they are incurring big losses because of the modest fee collected.

According to the investors, there are two basic solutions to the problem, either the State creates favorable conditions for them to collect fees on BOT roads by prohibiting vehicles from going on other roads; or the State takes over the projects.

However, the solutions are not sufficient.

The investor suspended fee collection at Cai Lay BOT Station for several months as per MOT’s request after vehicle owners showed violent protests against the fee collection.

In this case, MOT has put forward five solutions to solve the problem, but the involved parties still have not reached any agreement.

A local newspaper quoted an MOT official as saying ‘BOT Cai Lay’s problem still cannot be defused’.

Meanwhile, Dinh Trong Thinh from the Finance Academy said the state should not take over BOT projects, saying this should be used as a last resort.

The state acquisition of BOTs that have problems will have negative consequences for other BOT projects.

BOT is believed to be a good investment mode for infrastructure in the context of the state’s tight budget. If the State buys the projects, the BOT mode will have no significance and the State will still have to spend big amounts of money.

Thinh commented that once the State takes over BOT projects from private investors, it would mean acknowledgement about the failure of BOT mode in Vietnam.

Other countries have been using the mode very effectively to develop transport infrastructure.

He went on to say that the State will have to deal with technical issues when buying the projects, adding that it would be a complicated work to assess the value and audit the projects.

Commenting about project developers complaining about losses and shouting for help, an analyst said it is illogical that the State has to take responsibility for investors’ losses.

“They (the investors) will pocket money if they make a profit and they must accept losses if they cannot do better,” he commented.

The loss incurred by BOT investors has also worried commercial banks. In general, investors only have 15 percent of capital for project development, while the remaining 85 percent is from loans. As investors incur losses, they will not be able to pay bank debts.

By Thanh Lich

Source: VietNamNet

VIB named “the most innovative banking brand” in Vietnam 2018

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Vietnam International Bank (VIB) has just been honored as the “Most Innovative Banking Brand” in Vietnam for the year 2018 by Global Brands Magazine.

After analyzing VIB’s brand strategy and communication activities, the representative of Global Brands Magazine said that VIB, in 2017 and 2018, kept creating innovative approaches, helping the bank be completely different from other financial institutions. When implementing promotional strategies for branding and promoting business, VIB focused on four elements, including innovative products, customer centricity, conscientious sales team and effective sales tools which are based on modern technologies. These factors are important keys for the sustainable development of the bank.

VIB named “the most innovative banking brand” in Vietnam 2018 by Global Brands Magazine.

According to GBM, VIB cooperated with creative start-ups such as DesignBold and Lego to host design contests and create marketing documents for customers, simulate the future of the Vietnamese financial sector for children’s experiences or host events for the community with approaches that are appreciated. In Vietnam, VIB is the only financial institution awarded by GBM this year.

Global Brands Magazine is a leading brand publication providing its readers with the latest news, opinions, discussions, highlights and features sourced by expert analysts on various brands across the world. Every year, the UK-based magazine develops a series of awards to recognize enterprises with exceptional and outstanding brands, products and services. The panel of judges is comprised of GBM’s editorial board, financial media representatives, and global brand experts. They discuss, review these nominations and interview leaders of nominated organizations directly.

In March of 2018, VIB was honored as the “Digital Bank of the year 2017” by The Asset which is the leading financial magazine based in Hong Kong. The mobile-banking application MyVIB was awarded the “Best retail mobile banking experience of 2017” by The Asset as well. The international media has claimed MyVIB as an innovative product thanks to the app’s new features which are constantly evolved to meet the customer’s daily financial management needs, such as MyVIB Social Keyboard that allows users to pay anyone right on the keyboard of any social chat app. Another feature of the app enables users to search, compare information as well as book domestic and international air tickets and pay essential service invoices. VIB customers can also log in the application by using biometric technology such as Face ID and Touch ID.

Source: VIB

Watching Lightning Strike Landmark81 @Vinhomes Central Park, Vietnam

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On May 08, 2018, For the first time ever, an expat in Saigon had captured the moment of Lightning strike Landmark81 building @Vinhomes Central Park.

In the video, the downward branch of lightning can be seen connecting to the upward leader initiated from the tip of the lightning rods on Landmark81 – the Saigon highest building located at Vinhomes Central Park, a project of Vingroup.

The unprecedented video—captured by Audrey Martin with a view from District 2.

Vietnam morning news – May 09

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Estimated Reading Time: 6 minutes


Vietnam asks China to withdraw military equipment from South China Sea
Vietnam requested on Tuesday that China withdraw military equipment from the South China Sea, following media reports this month that China had installed missiles there.
— Channel NewsAsia

Vietnam’s pepper export to India skyrockets
Vietnam’s pepper export turnover to India posted a year-on-year whopping surge of 209 percent in volume to more than 7,100 tons in the first quarter of this year, reports from the General Department of Customs showed.
— The Hanoi Times

Cashew industry wants ban on cheap imports from Vietnam
Import of inferior cashew kernels from Vietnam haveto be stopped and policy loopholes plugged to protect the ailing domestic cashew industry.
— The Hindu Business Line

Agriculture ministry issues regulations on ’VIETNAM RICE’ national brand
The Ministry of Agriculture and Rural Development (MARD) has issued regulations on the use of national brand GAO VIET NAM or VIETNAM RICE.
— VietnamPlus

Domestic cement consumption up, export rises sharply
The country’s cement consumption in the first four months of the year posted a year-on-year increase of 13 per cent to reach 29.83 million tonnes.
— Bizhub

Telephone, computer exports decline in April
Export earnings from telephones, computers, electronic products and components saw declines in April but still enjoyed growth in the first four months of 2018, according to the General Department of Vietnam Customs.
— VietnamPlus

Gov’t seizes domain name of Vietnam’s oldest crypto exchange
Vietnamese cryptocurrency exchange Bitcoin Vietnam has found itself in trouble with the law after local authorities claimed the company has been “operating a blog without a proper license.”
— Coingeek

First direct shipment of US corn arrives in Vietnam
The first direct shipment of US corn to Vietnam has arrived in the country with the assistance of the Quang Ninh Port Joint Stock Company in the Port of Cai Lan, the United States Department of Agriculture (USDA) and the United States Grains Council representatives.
— VietnamPlus

Tight credit cools City real estate
With banks tightening credit to the property sector the HCM City market is cooling off, traders said.
— Bizhub

Catch of the day: Seafood market open or beachside business on Vietnam’s central coast
Fish and other seafood are pulled fresh out of the water and onto the market stalls in Quang Nam Province.
— VnExpress

Vietnam’s labour productivity increases in 5 years
The average labour productivity in Vietnam increased from 1,700 USD per laborer in 2006 to 2,672 USD in 2017, according to the Vietnam Institute for Economic and Policy Research (VEPR).
— VietnamPlus

VN exporters must self-verify origin from 2019
Viet Nam’s exporters must self-verify the origin of their products that they export to the European Union (EU) from 2019 to be qualified for Generalised System of Preferences (GSP).
— Bizhub

​Vietnam inaugurates $264m deepwater seaport
Part of a multibillion-dollar seaport was put to use on Monday in Hai Phong – the coastal city considered as the key port gateway to the world in northern Vietnam.
— Tuoi Tre

Vietnam fifth biggest remittance recipient in Asia-Pacific: report
Vietnam was the fifth biggest remittance recipient in the Asia Pacific region in 2017, the International Fund for Agricultural Development (IFAD) said in a report released on Monday.
— Tuoi Tre

Central key economic region seeks to boost cooperation
Provinces in the country’s central key economic region must promote the linkage and cooperation with each others, instead of competition as currently, to boost the growth of the whole region.
— The Hanoi Times

State-owned firms could have wage autonomy
The Ministry of Finance has proposed salary reform that will allow state-owned firms to decide salaries so that boards of directors will be hired rather than appointed as currently.
— VietnamNet Bridge

Delta improves PCI ranking
The Cuu Long (Mekong) Delta region have improved their rankings in the Provincial Competitiveness Index (PCI), the head of Viet Nam Chamber of Commerce and Industry (VCCI)’s legal department has said.
— Bizhub

Vietnam’s logistics M&A lures foreign investment
Foreign investors have participated strongly in Vietnam’s logistics industry through merger and acquisition (M&A) deals as the industry is projected to account for 8-10 percent of the nation’ GDP by 2025.
— The Hanoi Times

Vietnamese freight businesses need to improve service supply capabilities: experts
Vietnam possesses huge potential for the development of its transportation industry, however, Vietnamese freight businesses need to enhance their professionalism and prestige in order to be able to compete against international firms.
— Nhan Dan Online

Red carpet, tax incentives not enough for SEZ: experts
Phu Quoc, Van Don and Bac Van Phong, in order to develop into powerful SEZs, need to have an outstanding business environment and new institutional policies, experts say.
— VietnamNet Bridge

Việt Nam seeking sustainable transport solutions
Việt Nam expressed its appreciation to Sweden for sharing expertise on good practices and technologies to support the development of public transport, Deputy Transport Minister Lê Đình Thọ said on Monday.
— Viet Nam News

Mitra Adiperkasa to introduce sushi franchise in Vietnam
Multi-brand lifestyle company PT Mitra Adiperkasa in its overseas operations this year is focusing on Vietnam, following a positive trend of growth in its businesses in the country.
— The Jakarta Post

Raising awareness for young people about climate change
The latest indicators of climate change and rising sea levels in Việt Nam suggest that the country is at risk in the near future.
— Viet Nam News

Rising costs in China make African entrepreneurs look to Vietnam
African nations have been turning to Vietnam as the business environment in China becomes increasingly more difficult.
— VnExpress

Delayed paper project revoked
The central province of Quảng Ngãi has revoked the investment licence of the Tân Mai pulp and paper production plant due to delayed construction and operation and incomplete land-use certificate procedures as well as poor finance.
— Viet Nam News

Listening to women’s voices in Vietnam’s energy debate
Listening to women in the villages, and involving government officials in the conversation, key to a greener future, says Vietnamese activist Khanh Nguy Thi.
— Eco-Business

Kim Jong-un believes North Korea should follow Vietnam’s economic reforms: report
Kim shared the point at a summit with his southern counterpart and is expected to discuss it with Trump next month.
— VnExpress

Hanoi GrabBike drivers retrieve bankcard dropped down drain for British passenger

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If you are looking for reasons to love Vietnam, Albany Owens, an English expat in Hanoi, can give you a convincing one.

Owens was the author of a heartwarming story that went viral on Facebook on Tuesday, recalling how she found “reasons to love Vietnamese people” after receiving help from two local drivers of the app-based motorbike taxi GrabBike in the capital. Reporting by TuoiTre News

Upon getting off her GrabBike after a morning ride, the British woman dropped her purse and all her money and bank cards came out, with her Vietnamese bank card “[going] down the very deep and dirty drain,” she said on her Facebook.

Even though she was upset by the incident, Owens told her driver and another GrabBike employee standing nearby “not to bother getting it for their own safety [because] it was only a card.”

Much to her surprise, two minutes later, Owens heard someone shouting “Hello,” and turned back, only to see the two GrabBike drivers had already retrieved her card.

he GrabBike drivers are pictured trying to retrieve the bank card for Albany Owens from a drain in Hanoi in this photo posted on her Facebook on May 8, 2018.

“My driver and his mate had opened the grid and my driver decided to fully get in the grim hole and fish out my card,” she recounted in the Facebook post, which received thousands of likes and shares.

“He even tried to give me my taxi fare back. I gave him what was left in my purse and a big hug,” the lucky GrabBike passenger said in ending her post, attached with two photos capturing the scene.

Owens confirmed the story to Tuoi Tre News via Facebook Messenger later on Tuesday.

“I gave him some money to say thank you,” she said.

“And he tried to give me my money back but I told him to keep it and my [payment for the GrabBike ride].”

Albany Owens and her GrabBike driver pose for a selfie with the bankcard retrieved from a drain in Hanoi in this photo posted on her Facebook on May 8, 2018.
By Son Luong

WhatsApp now allows you to demote admins on iPhones

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Get ready to consolidate power in WhatsApp as the latest update allows admins to strip each other of power and lock the group info from being modified.

In the version 2.18.51 update for iOS, WhatsApp group admins have been given the ability to remove admin rights from other administrators.

To do so, tap on the group’s name to access the Group Info, then either go into Group Settings or directly click on the participant’s name then select “dismiss as admin” to remove the person’s admin rights.

In Group Settings, admins can now choose who can change the Group Info – which includes the subject, icon and description – by setting it to all participants or admins only.

The messaging app has also made it more seamless to watch videos from its family of social media sites – Facebook and Instagram – with videos now playing directly on WhatsApp.

The new picture-in-picture mode allows users to keep watching videos while continuing to chat or even navigating to another chat. However, this feature is not available on WhatsApp Web.

Also, Android users will have to wait a little longer for the new features.

Source: Asiaone

Travelling with these types of companions might make you poorer

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Do you travel often with your friends? If yes, select your travel companions carefully. After all, they can affect the quality of your trip, and even affect your finances. Beware if you have these 7 personalities in your troupe.

1. The travelling foodie

Thanks to the explosion of celebrity chefs and travel/cooking shows (we’re looking at you, No Reservations and Kitchen Nightmares), a new type of tourist has emerged. This is the travelling foodie, who’s abroad specifically to try exotic cuisines.

Now foodies aren’t always bad on the wallet if they have a planned budget or are interested in street food. But watch out for the high-end foodies, who travel to try out Michelin star restaurants and world famous eateries; this lot think nothing of spending S$200 to S$300 on a meal (that’s per head).

If you have these in your group, don’t feel obliged to join them on their pricey culinary journey. Let them explore their restaurants on their own, while you stick to your budget. Of course, you can join them once in a while. Otherwise, what’s the point of travelling together, right?

2. The pack mule

These companions have promised to bring things back for their friends, or have bought so many things their luggage now resembles an Amazon.com warehouse. You know where this going right?

In your luggage. They’ll get pushy about how much of your carry capacity they can take up, because they just need to squeeze one more thing into your bag (and another, and another, and another…)

Pretty soon, both of you will be sitting on your luggage carriers just to be able to zip them shut. That won’t fool the airport weighing machines though, so the both of you can expect to pay for some extra weight. Probably at an absurd cost, like S$20 a kilo. You had better hope they pay you back, considering some of them will have luggage that’s five or six kilos over.

When travelling with these types, try to convince them to ship items home, instead of using their luggage. The courier fees are probably cheaper than paying for excess baggage.

Besides, there’s a limit to how much travel insurance covers. This is normally up to S$2,500 per item, to a maximum of S$5,000.

3. The drunk party animal

These companions want to hit the clubs at two in the morning, and party the entire trip. That’s sometimes okay, but you need to look out for the less responsible ones.

These are the ones who saunter into the hotel room dead drunk and get your security deposit confiscated. It’s just a matter of time before they break the room’s TV, wreck the bathtub, or leave unspeakable stains on the bedding and carpets.

Outside the hotel room, they’re a trouble magnet. They’ll get roughed up by bouncers (possibly incurring medical costs that insurance won’t cover*), get arrested by local authorities and require bail, or blow their whole budget on one bar binge (and become the borrower in point 4).

Drunk party animals are also a common target for criminals and scammers. They may lead these undesirables into your shared hotel room, and put your belongings at stake as well.

*Travel insurance won’t cover accidents and injuries if they’re due to your intoxication

4. The unadaptable

This companion cannot adapt to life outside their home country, and heaven knows why they’re even travelling. This is the person who insists on having McDonald’s (or some other familiar food) for every meal; even if you’re in, say, the south of France.

The unadaptable also complain about the weather (too hot, too cold, too dry, too wet), the hotel room, the lack of laundry machines that work like the ones back home…the list is endless.

Apart from being annoying, this can also get expensive. For example, these types often refuse to walk because it’s too cold or hot, and want to cab everywhere. They won’t save money by eating as locals do, which can raise meal costs (they may be willing to pay for a Chinese restaurant meal in Russia, for example. For every meal).

If you have these companions, you can manage some of their costs by giving them their own food. Shove some instant noodles on them, or whatever cheap version of the foods they like. That will ease the restaurant costs.

5. The borrower

This companion treats you, and everyone else in your travelling group, as mobile ATMs. They never seem to have the cash to pay for meals, for shows, for souvenirs, for anything.

Every time money is needed, they turn to you to borrow it. They’ll promise to pay you back once you’re home (and hopefully it’s true), but in the meantime, they’re messing up your vacation budget. It gets worse if the borrower is travelling with family, and they need to borrow enough for themselves as well as their children or spouse.

With these types, you need to put your foot down and be frank about how it’s affecting your own budget. Just point out that you didn’t bring enough money for the both of you, even if you don’t mind lending under normal circumstances.

If they genuinely have a need (e.g. they got pickpocketed or robbed), then help them get money remitted from home (try Western Union).

6. The deep sleeper

The deep sleeper only gets up at 2pm or later. However, they’re often in denial about it. If you buy tickets to see a tourist attraction at 10 am in the morning, you can be sure they won’t be up and ready (get ready to go yourself, if you don’t want to waste the money).

If it’s a group tour, and you need to stay with the deep sleeper, get ready to miss out on a lot. These types will never be up in time for the hotel breakfast, and they’ll never be ready to get on a tour bus at 9.30 am.

The most dangerous quality of the deep sleeper comes on the last day: these are the ones who wake up late and cause you to miss the flight. That could rack up a few hundred dollars in unexpected costs; especially if the next connecting flight is only coming around tomorrow (good luck handling any tourist visa issues as well).

Avoid going on group tours with rigid schedules, if you’re travelling with these types. Consider features like a late checkout at hotels, and book the night flights home.

7. The improviser

These companions take lack of planning to an extreme. These are the ones who arrive first and then look for a hotel later. The habit often leads to finding the worst or most expensive hotel rooms, depending on your luck with bookings.

Improvisers also like to leave for famous tourist destinations, such as the Statue of Liberty or Eiffel Tower, without buying tickets beforehand. This gets you all trapped in a three-hour queue, and sometimes leaves you buying tickets from scalpers; it’s either that or waste most of your day in line.

When it comes to planning routes, these companions think Google maps is enough. But after walking in circles till your feet are sore, you’ll find yourselves hopelessly lost and pay S$40 for a cab ride.

The improvisers don’t regret any of this. To them, this is part of the fun of travelling. If you share their sentiment, great – but be prepared to fork out money for unexpected costs. Otherwise, you’ll have to put your foot down and plan the itinerary.

Source: Singsaver

Listening to women’s voices in Vietnam’s energy debate

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Listening to women in the villages, and involving government officials in the conversation, key to a greener future, says Vietnamese activist Khanh Nguy Thi.

Vietnamese activist Khanh Nguy Thi knew early on that depending on coal to meet the country’s growing demand for energy would be a disaster for its people and the environment.

She also knew that listening to women in the villages, and involving government officials in the conversation, were key to a greener future for the Southeast Asian country.

“Energy is important for economic development, and it also has a huge impact on the environment and the people. But there was very little involvement of the civil society in the government’s energy plans,” said Khanh.

“Particularly women, who are also affected, but were not being heard, as decisions are made by men – it is important to listen to them,” she told the Thomson Reuters Foundation.

Khanh last week was named as one of the recipients of the prestigious Goldman Environmental Prize, known as the “Green Nobel”, which honours grassroots activism.

She was one of two Asians to win the prize, which this year was dominated by women.

Khanh’s work is critical as Vietnam develops a wave of new power plants to support economic growth that is among the fastest in Asia.

Khanh set up Green Innovation and Development Centre (GreenID) in 2011 to educate communities on renewable energy, and convince officials on the merits of clean energy.

She was instrumental in pushing the government to revise its long-term energy projections to reduce its planned coal expansion and cut emissions by up to 25 percent by 2030, in part by increasing power generated from wind, solar and biomass.

She also halted the construction of two hydro-power plants in a national park, and helped design a gender impact assessment manual for hydro developers.

Vietnam’s commitments are an exception in the region, where activists from Thailand to Cambodia are protesting coal-fired power plants and mega dams they say are harming the environment and forcing people off their lands.

“There is a great opportunity for our nation to move beyond coal. As the mother of three kids, I want to make sure there is clean water, clean air and a clean environment for our kids” – Khanh Nguy Thi, Vietnamese activist.

“Renewable energy, if done well with the participation of stakeholders including farmers, can help achieve the Sustainable Development Goals and climate goals,” she said, referring to the U.N.’s set of global development goals to be met by 2030.

The objectives include key energy targets of ensuring universal access to modern energy and increasing the share of renewables used.

Vietnam is well placed to achieve those aims, “as we have abundant non-hydro renewable energy resources,” Khanh said.

“There is a great opportunity for our nation to move beyond coal. As the mother of three kids, I want to make sure there is clean water, clean air and a clean environment for our kids.”

Source: Thomson Reuters Foundation

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