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Illustrative photo. In a pattern that seems to have prevailed for years, a transport project is usually put into operation soon after its inauguration, but then within a short time there is a need for its expansion or upgrade. What is more surprising is that even projects that are still under construction are being reconsidered for expansion or an upgrade. Such as in the case of the Hanoi Highway which has been expanded four times and still not complete. It may be that this Highway may even be further expanded. The Ho Chi Minh City to Long Thanh to Dau Giay Expressway was started in 2009 with an original design plan of four lanes, then soon after increased to six lanes and now being considered for eight lanes. For all we know it may also be extended to twelve lanes soon. The 17 km long metro line 1 has not yet been put into a trial operation but is being considered for an extension to include the route to Binh Duong and Dong Nai provinces. More recently, the 51 km long Trung Luong … [Read more...] about Constant re-planning of transport projects in Vietnam

Mr. Jerome Powell, Chairman of FED Many readers are now wondering how and why the US Federal Reserve Bank (FED) miscalculated on forecasting the current global inflation. In a talk with Saigon Investment, Prof. Dr. Tran Ngoc Tho discussed this issue further. JOURNALIST: - Sir, you are one person who has studied very carefully the inflation in many countries in general and the United States in particular. Please can you give Saigon Investment readers a basic sketch as to how this situation is prevailing and to its effect on other economies. Dr. Tran Ngoc Tho: - There are many factors explaining the current rising global inflation such as broken global supply chains, warming of the jobs market, loose monetary and fiscal stimulus packages, and the recent Russia-Ukraine conflict. It is not just the FED but almost all investors and financial institutions, not only in the US but also in most economies are wrong in believing that high inflation is a thing of the past. However, if … [Read more...] about US Federal Bank caught off guard by global inflation

On August 1, the Ministry of Industry and Trade issued Decision No.1514/QD-BCT on the application of measures to prevent the evasion of trade remedies for some cane sugar products originating from Cambodia, Indonesia, Laos, Malaysia, and Myanmar (AC02.AD13-AS01). The conclusion from the Ministry of Industry and Trade on six businesses not being subject to anti-circumvention tax on trade remedies, including two customers of ASL LAW According to Decision No.1514, Vietnam will apply measures to prevent the evasion of trade remedies for a number of cane sugar products under HS codes 1701.13.00, 1701.14.00, 1701.91.00, 1701.99.10, 1701.99.90, and 1702.90.91. The above cane sugar products are imported into Vietnam from Cambodia, Indonesia, Laos, Malaysia, and Myanmar. The order and procedures for applying anti-circumvention measures of trade remedies to Vietnam’s cane sugar products will be implemented in accordance with the Law on Foreign Trade Management. This decision … [Read more...] about ASL LAW successfully defends in lawsuit against circumvention of trade remedies

The tournament attracts the participation of more than 600 martial arts practitioners and coaches from 29 martial arts clubs of provincial and municipal military commands under Military Regions 3, 7, 9, the Commando Corps, Army Officer Candidate School No.1, and Army Officer Candidate School No.2. During the event, participating martial arts practitioners will compete in different weight classes following sparring format. Male athletes are divided into two groups to compete in nine weight classes, while female participants are in four groups to compete in six weight classes. Speaking at the opening ceremony, Deputy Director of the Department of Military Training under the General Staff Major General Bui Hong Quang emphasized the significance of the tournament. He said that the unarmed martial arts tournament in 2022 is to evaluate the martial arts clubs’ outcomes in unarmed martial arts training and encourage clubs to promote martial arts training movements to improve troops’ … [Read more...] about General Staff kicks off unarmed martial arts tournament

A promotional poster for ' Da Nang Electronic Carnival - Take Me To The Sun '. (Photo courtesy of event organizers) Hanoi (VNA) - Four international DJs will perform at 'Da Nang Electronic Carnival - Take Me To The Sun' rave in the central city of Da Nang on August 13-14. The two-day outdoor event will feature many EDM genres spun by Dutch DJs - duo group Firebeatz, Dyro and LNY TNZ - and female Taiwanese DJ RayRay, according to vnexpress. Firebeatz is a duo consisting of Tim Benjamin Smulders and Jurre van Doeselaar who came 77th in DJ Mag’s 2016 Top 100 DJ ranking. Together, the pair has created some of the most iconic tracks of the decade, cementing their status in the world EDM arena. Some of their biggest hits have garnered millions of streams, including 'Helicopter', 'No Heroes' with DJ KSHMR, 'Till The Sun Comes Up' and 'Lift Me Up' with DJ Oliver Heldens. Throughout their music career, Firebeatz has also collaborated with many big-name EDM artists like … [Read more...] about Int’l DJs to perform in Da Nang

The seminar was jointly organized by the National Assembly Council for Ethnic Affairs, the Vietnam National Administration of Tourism, and the Institute of Economics and Culture. It saw the attendance of more than 100 delegates who are leaders, experts, scientists and businessmen, among others. Accordingly, the seminar aimed to provide information concerning theoretical and practical bases for the National Assembly Council for Ethnic Affairs to efficiently perform its functions, and propose the National Assembly and Government to implement appropriate policies and mechanisms to boost tourism developments in the Viet Bac Base. During the seminar, delegates voiced their opinions on linking tourism development with the preservation and promotion of cultural and historical values of the Viet Bac War Zone, contributing to accelerating the sustainable socio-economic development of the six provinces in the Viet Bac War Zone in particular and mountainous provinces in general. Addressing … [Read more...] about Seminar held to promote tourism development in Viet Bac War Zone