La Ngoc Khue, former Deputy Minister of Transport, said that a slower train is a far better option for the country at present, instead of the superfast train that comes with a very heavy budget burden. Khue said that a train speed of 350 kilometers per hour as proposed by the Ministry of Transport (MoT) is redundant. "As the TEDI-TRICC-TEDISOUTH consultancy consortium has estimated, actual demand in 2050 would only meet 40 percent of its capacity of 364,000 people a day. This means 60 percent of seats will not be occupied, while no cargo will be transported, a huge waste of capacity," he told VnExpress. Railways should have the capacity to transport cargo, he said. The World Bank has noted that Vietnam’s logistics cost accounts for 21 percent of its GDP, twice that of Thailand. The main reason is that Vietnam is far too dependent on roads while existing railway routes carry a small fraction of the total volume, Khue noted. "Both China and Japan own the … [Read more...] about A 350 kph train is fast, but where will it get Vietnam?
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The Hanoitimes - The sanctions leave direct impact on North Korean economy shown through a sharp decline in exports last year. What are visions for the denuclearization after second no-deal summit? The failure of the second Trump-Kim summit in Hanoi suggests sanctions remain a big issue between the US and North Korea, foreign media quoted international experts as saying. The UN Security Council votes to adopt a resolution imposing sanctions against North Korea. Photo: Getty Images North Korean nuclear negotiator Kim Yong Chol told Secretary of State Mike Pompeo in May 2018 that Pyongyang’s shift away from weapons was “not a result of sanctions that have been imposed from outside.” But in July 2018, Seoul-based Bank of Korea estimated the North Korean economy had seen its biggest decline in two decades, with the country’s real annual gross domestic product (GDP) falling by 3.5% in 2017 while exports declined 37.2% in 2017 alone. … [Read more...] about How much do US-led sanctions hurt North Korea economy?
Viet Nam News by Paul Kennedy I don’t really know that much about Mansour bin Zayed Al Nahyan although it’s safe to say he has far more money than I can ever dream of. And believe me, I can dream of a lot. Ten years ago, Sheik Mansour bought Manchester City football club for a reported £210 million (VNĐ6.5 trillion). The season before the member of the royal family of Abu Dhabi decided to splash the cash, they finished ninth in the Premier League but since his investment, the only way has been up. They have won the Premier League three times, the FA Cup and last weekend for the fourth time they won the Football League Cup. Money well spent or success bought? City fans don’t care either way as long as the side is winning trophies. And right now, that’s exactly what they are doing. For many years, generations in fact, Manchester City lived in the shadows of their wealthier and far more successful rivals, Manchester United but in the last five or … [Read more...] about No matter how much you have, money can’t always buy you love
Picodi.com, a Poland-based international e-commerce company that provides discount coupons to online stores in 41 countries, said its survey found men would spend VND1.45 million ($62.56) and women, (VND1.1 million). The survey polled 6,400 people in 38 countries where Valentine’s Day is celebrated. In Vietnam, 72 percent said they would be celebrating. The vast majority said they would buy gifts for their significant other (88 percent), while 6 percent would get presents for family and relatives and 3 percent for close friends. The purchase of gifts began to pick up two weeks before the day, especially of items such as jewelry and perfume. By February 13 and 14 the buying was quite low. In terms of average money spent on gifts, Vietnam ranked 25th out of the 38 countries surveyed, significantly less than Germans ($76) and Czechs ($68) but more than other Eastern European countries such as Poland ($52) and Hungary ($48). Lovers in Ireland, Thailand and the UK … [Read more...] about How much are Vietnamese willing to spend on Valentine’s Day gifts?
Viet Nam News By Hoàng Hồ After an incredible fight, actress Mai Phương, who has been receiving special treatment for aggressive lung cancer, has been discharged from Military Hospital 175 into the loving arms of friends, family, fans and colleagues. Although the battle against cancer is not over, with Phương facing many more hospital visits and follow-up appointments, her journey has been remarkable and inspirational. Since the first days of her treatment, the hospital has welcomed visits from many celebrities to help and encourage Phương. With continuous updates on the media and thousands of messages from fans on Facebook around Việt Nam, everything seemed to be going well, until actor Gia Bảo – a close friend of Phương’s, spoke up and caused some ripples. “If you don’t have a close relationship with the patient, you can just help by offering messages of … [Read more...] about How much does sympathy really cost?