The United States said on Monday it would expel 60 Russian diplomats, joining governments across Europe in punishing the Kremlin for a nerve agent attack on a former Russian spy in Britain that they have blamed on Moscow. It was the strongest action that U.S. President Donald Trump had taken against Russia since coming to office. He has been criticised by Democrats and members of his own Republican Party for failing to be tough enough on Russia over U.S. allegations of Russian meddling in the U.S. electoral system, including the 2016 presidential campaign. British Prime Minister Theresa May, welcoming the show of solidarity, said 18 countries had announced plans to expel Russian officials. Those included 14 European Union countries. In total, 100 Russian diplomats were being removed, the biggest Western expulsion of Russian diplomats since the height of the Cold War. Australia later confirmed it was expelling two Russian diplomats identified as undeclared intelligence officers, citing … [Read more...] about US, EU to expel more than 100 Russian diplomats over UK nerve attack
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BUSINESS IN BRIEF 1/5
Superdry looking at good prospects in Hanoi As fast-fashion branches are developing stably in Hanoi due to avid interest from young consumers, diversified designs, and reasonable prices, the latest branch entering the Vietnamese market—UK-based Superdry may not need to worry about purchasing power after its successful opening today. In the morning of April 21, the Superdry fashion store in Hanoi welcomed hundreds of visitors and shoppers to celebrate its official opening day. People, especially young people, excitedly lined up to buy their first Superdry productsin the Hanoi store and win attractive gifts from the retailer. Besides, the opening ceremony attracted famous actors and models, including stylist Hoang Ku, and models Huu Vi and Cao Minh Thang. Numerous people stated that before Superdry arrived to Vietnam, they had to order products online from overseas. They were enchanted by the exciting contemporary brand which focuses on high-quality products that fuse vintage … [Read more...] about BUSINESS IN BRIEF 1/5
BUSINESS IN BRIEF 26/4
TTC Sugar purchasing treasury shares The Thanh Thanh Cong - Bien Hoa JSC (TTC Sugar, stock code: SBT) began to purchase shares on April 18 to increase its treasury share (TS) holding and capital surplus, via order matching at market prices. It expects to continue to do so until May 17.Sao Do breaks through with brand powerVND20 trillion in credits for HCMC’s 2018 market stabilizationTaxi operators want ride-hailing cabs to change number plate colorHCMC taxman asks Grab to pay Uber transfer taxMinistry explains delay in announcing RON 95 petrol base price Da Lat flower growers need help: experts Around 300 million flowers from Da Lat are exported to markets such as Japan, South Korea and China every year, but experts say that more active networks among growers and buyers could help the industry reach its full potential. Da Lat has 9,000 hectares devoted to growing flowers, with many farmers using glasshouses which have increased output and profits, up to VND5 … [Read more...] about BUSINESS IN BRIEF 26/4
BUSINESS IN BRIEF 21/12
Power project receives credit for implementation A credit contract, worth 3.3 trillion VND (160 million USD), for a 500 kilovolt power transmission project was signed on December 19 in Hanoi. The contract was signed between the State-owned Vietnam Electricity's Power Transmission Corp and the Bank for Industry and Trade of Vietnam ( Vietinbank) - Hanoi branch. The credit will fuel the 500 kV Pleiku-My Phuoc-Cau Bong project, which is part of the Government's national grid development master plan. Covering the provinces of Gia Lai, Dak Lak, Dak Nong, Binh Phuoc and Ho Chi Minh City , the project aims to ensure electricity supply to southern areas in the 2014-2015 period, as well as power grid connectivity across Vietnam , Laos and Cambodia in 2015. The 9.28 trillion VND project is also funded by the World Bank, the Vietnam Development Bank and the Asia Development Bank. Ministry eyes new fuel tax scales The Ministry of Finance is considering a more exact way of changing its … [Read more...] about BUSINESS IN BRIEF 21/12
BUSINESS IN BRIEF 13/11
Russia affirms its nuclear status in Vietnam President Vladimir Putin's forthcoming visit to Vietnam shows Russia's willingness to affirm its status as a reliable and proper partner in providing nuclear technology for Vietnam in the time ahead. The assessment was made by the Economist Intelligence Unit (EIU) of the UK's Economist magazine on November 10 following the signing of a nuclear cooperation agreement between Vietnam and the US. During the trip, Putin is expected to sign a number of nuclear cooperation agreements with Vietnam. Russia's oil and gas group Rosneft and Vietnam Oil and Gas Group (PetroVietnam) will ink an agreement on offshore oil and gas exploration projects in the waters of both nations under which Rosneft will provide crude oil for PetroVietnam. It is worth noting that Russian energy corporation Rosatom has partnered with Vietnam to build the first nuclear power plant- Ninh Thuan 1 in the country. President Putin's visit will help secure Russia' top position in … [Read more...] about BUSINESS IN BRIEF 13/11