A new wave of Japan’s investment into Vietnam is expected to stem from Japanese small- and medium-sized enterprises. (Photo: baodautu.vn) Hanoi (VNA) – Domestic firms must prepare for more opportunities in the future as a new wave of Japan’s investment into Vietnam is expected to stem from Japanese small- and medium-sized enterprises (SMEs). Shortly after the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) was signed in Chile on March 8, a delegation of high-level business leaders from Japan visited Vietnam to promote investment between the two countries. Unlike previous Japanese visits, this visit brought not only big firms but also many SMEs operating in commerce, banking, construction, food processing, education, home electronics and consultancy. The first wave of Japanese investment was led by large firms in manufacturing, said Seiji Imai, Head of Mizuho Bank for Asia and Oceania. Japan has a lot of SMEs who possess exclusive … [Read more...] about Second Japanese investment wave to stem from SMEs
The dangerous cold and frost are forecast to cover the mountainous provinces from Thanh Hoa to Thua Thien Hue. The lowest temperature in the northern delta region is predicted to reache at 8- 11 degrees Celsius and 3- 8 degrees Celsius in the mountainous areas. The lowest temperature in Hanoi is measured at 8- 11 degrees Celsius. The Gulf of Tonkin including Bach Long Vi Island is expected to see a powerful wind of level 6- 9, big waves of 2-3 meters and sea rough while the northern territorial water of the East Sea including the Paracel Islands experiences wind speed of level 7-10 and see rough. The cold wave is expected to last by February 7. BY VAN PHUC- Translated by Huyen Huong … [Read more...] about Cold wave to last by February 7
VietNamNet Bridge - Samsung Securities and Caldera Pacific will become the second largest investor when they acquire a 40 percent stake in Dragon Capital fund management company. While the Japanese are well known for the portfolio investments in Vietnamese businesses, Singapore and South Korea are known for direct investment projects. Analysts noted that South Korea is expected to become a big portfolio investor in Vietnam as well. Sources said Samsung Securities and Caldera Pacific, a private investment fund from Hong Kong, have acquired a 40 percent stake in Dragon Capital. RELATED NEWS Korean business investment continues to soar Is the trade deficit with South Korea a concern for Vietnam? Kim Chi … [Read more...] about Is there a new South Korean investment wave in the stock market?
A blistering heat wave has hit Hanoi and northern and central provinces in recent days, leaving streets deserted and air conditioners on full blast. At night, many families tour the streets on their motorbikes to keep cool. Many carry two or three children and the family dog. The temperature in the capital soared above 40 degrees Celsius, the highest officially recorded on May 23. In northern and central provinces , the mercury leapt to between 36 and 39 degree, according to the National Centre for Hydro-Meteorological Forecasting. In Quy Hop and Tay Hieu in central Nghe An Province, the temperature also reached more than 40 degrees. The heat wave was weaker in Hanoi and the north on May 24, but no relief is expected until May 26. Nguyen Duc Hoa, deputy head of the centre's Medium and Long-term Meteorological Forecasting Office told Dan Viet (Vietnamese People) online newspaper that high temperatures and heat waves would last until July. He agreed that this year, the heat waves … [Read more...] about Bản in : Heat wave hits Hanoi with record temperatures
Quang Nam (VNA) - Despite efforts to save the beach from erosion, big waves and strong winds have washed away a 300m section of Cua Dai Beach, 5km from Hoi An ancient town in the central province of Quang Nam, in late November. Chairman of the Hoi An City's People's Committee, Nguyen Van Dung said over 300 volunteers, excavators and hundreds of sand bags and bamboo poles have been used to prevent heavy erosion over the past two years, but this time was the worst. "We raced against time to save this beautiful beach and a favourite destination of tourists. We have spent much money to combat erosion, but our endeavours were in vain when part of the beach was washed away in rainy season," Dung said. "Locals built a dike out of bamboo and sandbags to limit the erosion, but it's just a temporary solution. We need a long-term method to protect the beach," he said. Dung said the city has submitted a possible solution, Geotube, with consultancy of experts from the Netherlands. He explained … [Read more...] about Bản in : Big waves destroy beach in central province