Measures introduced to control inflation By Lan Nhi Clothes are on sale at the Ben Thanh night market in downtown HCMC. The Government has proposed various measures to prevent inflation from soaring - PHOTO: THANH HOA HANOI - The Government has proposed various measures for price management in the rest of the year to prevent inflation from soaring. The consumer price index (CPI) in the January-June period picked up by 2.22% against December 2017 and by 3.29% against the same period last year, while the Government’s target is to maintain inflation at 4% to aid the management of exchange and interest rates. According to an announcement by the Government Office on August 2, based on the Steering Committee on Price Management’s evaluation, increasing prices over the past two months have resulted mainly from global political, trading and financial factors as well as domestic market issues rather than the Government’s price management policy. However, until the … [Read more...] about Measures introduced to control inflation
Essential air services
Viet Nam News On the occasion of Swiss National Day, Ambassador Beatrice Maser Mallor shares her country’s development story. Switzerland celebrates its 727th anniversary on August 1. A mountainous country located in the heart of Europe, Switzerland traces its origins to 1291, when a defensive alliance of three cantons (provinces) was formed. It quickly expanded over the next two centuries into a loose confederation of sovereign cantons. After a short period of centralized government during the Napoleonic period and the confirmation of its present borders at the Congress of Vienna in 1815, Switzerland became a federal State through the promulgation of a modern constitution in 1848. Rapid industrialization and economic development went hand in hand with the granting of extensive civil and political rights, including elements of direct democracy, for which the country has become famous. Switzerland does not have many natural resources and does not have access to the sea. In … [Read more...] about Swiss prosperity: What’s behind the success story?
Direct air service on Vietnam-LA route discussedBy Le Anh The national flag carrier, Vietnam Airlines, is eligible for operating direct flights to the United States - PHOTO: LE ANH HCMC – Vietnam and the United States are discussing a plan to launch direct air links between the two countries. Los Angeles is being considered the first destination for air services, according to the Ministry of Transport. Deputy Minister of Transport Le Dinh Tho on July 27 held a meeting with Eric Garcetti, Los Angeles City mayor, to discuss cooperative plans in air transport. Addressing the meeting, the mayor remarked that his city boasts robust growth in transportation, including seaports, airways, expressways, and a downtown railway, adding that 40% of commodities entering the United States arrive through the city’s ports. As for airways, the number of Vietnamese people annually arriving in Los Angeles is estimated at 260,000. For this reason, the city might be the best choice for … [Read more...] about Direct air service on Vietnam-LA route discussed
CAAV asks U.S. for aviation safety assessmentBy Le Anh Passengers get off a Vietnam Airlines plane – PHOTO: LE ANH HCMC – The Civil Aviation Authority of Vietnam (CAAV) has asked the United States Federal Aviation Administration (FAA) to carry out the International Aviation Safety Assessment (IASA) program in Vietnam to make it possible for the Southeast Asian nation to launch its long-awaited direct air service to the world’s largest economy next year. A CAAV representative told local media on July 2 that Vietnam has done what was recommended by the FAA, and the CAAV has put in a written request for the IASA program to be conducted next month. An IASA assessment is an essential prerequisite for Vietnam to launch a nonstop flight service to the United States. Under the IASA program, the FAA determines whether another country’s oversight of its air carriers that operate, or seek to operate, in the United States or codeshare with a U.S. air carrier … [Read more...] about CAAV asks U.S. for aviation safety assessment
Viet Nam News WASHINGTON — A senior US lawmaker introduced legislation on Monday to create a panel looking into military aviation mishaps, following a string of deadly incidents including one last week that killed nine airmen. The US military has been beset by a series of air accidents and crashes in recent years, and the rise has been shown to correlate with budget cuts introduced in 2013. The most recent incident occurred May 2, when a Hercules C-130 cargo plane belonging to the Puerto Rico Air National Guard crashed in the southern state of Georgia, killing all nine people on board. Congressman Adam Smith, the top Democrat on the House Armed Services Committee, introduced a bill to establish an independent commission on military aviation safety. “We need to understand exactly what causes are contributing to military aviation accidents, how current rates compare to historic averages, and what steps we can take to improve military aviation safety," Smith said. The … [Read more...] about As US military air crash toll rises, lawmaker calls for probe