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Typhoon Chaba weakens into a tropical depression on July 3 morning. (Photo: NCHMF) Hanoi (VNA) – Typhoon Chaba weakened into a tropical depression on July 3 morning, moving north of northwest with its eye located in the south of China’s Guangxi province, which borders northern Vietnam. At around 4am, its wind speed fell to below 39km per hour, according to the National Centre for Hydro-Meteorological Forecasting (NCHMF). The north-western and north-eastern provinces should expect scattered thunderstorms and downpours, with rainfall from 10 – 30mm, and even 50mm in some locations, on the July 3 evening and night. From July 4 – 7, the north will be likely to see heavy rain , the NCHMF forecast, adding that there is the possibility of tornadoes, lightning, hail and strong winds. The mountainous northern provinces are at risk of being struck with flash flood and landslides, it said. Flooding is also expected at low-lying areas./. VNA … [Read more...] about Typhoon Chaba not hit Vietnam, weakens to tropical depression

Vietnamese athletes attend the flag hoisting ceremony of the 9th ASEAN Para Games in Malaysia in 2017. (File photo: VNA) Hanoi (VNA) – The Vietnamese delegation to the approaching 11th ASEAN Para Games is set to comprise 155 members, including 122 athletes, according to the National Sports Administration . With 14 sports, the 11th ASEAN Para Games is scheduled to take place in Indonesia from July 26 to August 7. Apart from the 122 athletes, the delegation will also include 18 coaches, two doctors, and 13 cadres. They will compete in eight sports, namely athletics, swimming, powerlifting, badminton, table tennis, chess, judo, and archery. The administration said the athletes of Vietnam have made thorough preparations, and all are determined to achieve the best possible results to gear up for the fourth Asian Para Games in China’s Hangzhou and the Paris 2024 Paralympic Games. They will also have a chance to learn from and enhance solidarity with other Southeast … [Read more...] about Vietnam to send 155-strong delegation to 11th ASEAN Para Games

A Hong Kong lawmaker who met President Xi Jinping during a rare visit by the Chinese leader to the territory last week said he tested positive for COVID-19 two days after the meeting. Steven Ho, who is part of the city's largest pro-Beijing party, the Democratic Alliance for the Betterment and Progress of Hong Kong (DAB), tested positive for coronavirus on July 2 and has self isolated, according to an announcement on his Facebook page on Sunday. Ho said he tested negative for the virus on June 30, the day he was shown in a photo with Xi, displayed by local broadcaster RTHK . Xi was in Hong Kong to mark the 25th handover celebration of the territory to the mainland from Britain and swear in the city's new leader John Lee. It was his first public trip outside the Chinese mainland since the coronavirus pandemic began. Ahead of Xi's visit to Hong Kong, officials ramped up coronavirus testing and quarantine protocols along with a massive security force, blocking roads and the … [Read more...] about Hong Kong lawmaker who met China’s Xi tests positive for COVID

High prices High prices are making Vietnamese seafood products uncompetitive in the 15 member states of the Regional Comprehensive Economic Partnership Agreement (RCEP), which came into effect this year. Tran Le Dung, First Secretary in charge of the Vietnam Trade Office in Malaysia, said that in Malaysia, Vietnamese seafood products are sold at prices higher than those of Chinese and Thai products of the same kind. The Vietnam Trade Office connected Vietnamese sellers of dried fish and tuna with Malaysian importers of these products but transactions between them failed due to price disagreement, Dung said. The trade office representative said that although it has a small population, Malaysia has a high demand for seafood, and is not only a member of the RCEP but also participates in many free trade agreements (FTAs). These factors mean that successful penetration of this market will enable Vietnamese seafood businesses to access many other markets in the bloc. Price has become … [Read more...] about High price hampers Vietnam’s seafood exports to Asia-Pacific markets

According to Berly D. Alvarez, chairman of the Philippines’s Kaunlad Lending Investors Corporation and a speaker at the 2018 Horasis Asia Meeting held recently in Binh Duong province, Vietnam’s ability to attract FDI is due to its consistent economic reform, a young and increasingly urbanized population, affordable labor, constant improvements to its business climate, and political stability. The fact that it hosted the 2017 APEC meetings highlights its regional economic integration and steadily improving business climate, he added. Vietnam has been attracting investment in infrastructure, including power projects, road and rail construction and renewable energy. Don Lam, CEO of VinaCapital, said Vietnam’s economy remains strong with 6.6 percent growth targeted next year, inflation remaining under control and manufacturing expanding. “More foreign investment is expected to flow into Vietnam in the coming time.” Pakpoom Vallisuta, chairman of The Quant Group Corporation, a … [Read more...] about Vietnam a regional FDI magnet say experts

Steel roll production lines at Hoa Phat Steel Sheet Co., Ltd, located in the Pho Nui A Industrial Park in the northern province of Hung Yen. Steel is one of key export products from Viet Nam to Thailand, Laos and Cambodia. — VNA/VNS Photo Vu Sinh Vietnamese businesses have many opportunities to increase export goods to Thailand, Laos and Cambodia, according to the Trade Promotion Department of the Ministry of Industry and Trade. Nguyen Thi Thu Thuy, deputy director of the Export Support Center, said that Viet Nam had many favourable conditions for exporting goods to Thailand and Laos because the three countries were close geographically, and members of various free trade agreements. To meet the demand of customers in Thailand and Laos, domestic enterprises are recommended to export goods reaching technical standards and to have import certificates from authorities. They also need to apply advanced technology in processing and preserving products to ensure the quality of … [Read more...] about VN Trade Promotion Department lauds ASEAN export opportunites