By Reuters  April 9, 2018 | 08:23 am GMT+7 A girl looks on following alleged chemical weapons attack, in what is said to be Douma, Syria in this still image from video obtained by Reuters on April 8, 2018 Trump took the rare step of directly criticizing Putin in connection with the incident. U.S. President Donald Trump said on Sunday there would be a “big price to pay” after medical aid groups reported dozens of people were killed by poison gas in a besieged rebel-held town in Syria. As international officials worked to try to confirm the chemical attack which happened late on Saturday in the town of Douma, Trump took the rare step of directly criticizing Russian President Vladimir Putin in connection with the incident. The Syrian state denied government forces had launched any chemical attack. Russia, President Bashar al-Assad’s most powerful ally, called the reports fake. Trump threatened action, although it was unclear what he had … [Read more...] about Trump says ‘big price to pay’ for Syria chemical attack
Viet Nam News by Mathilde Tuyết Trần Looking down at the bunch of small notes I was holding in my hand, the cab driver said, “Please give me those small notes for change. If you give those notes to the street beggars, they wouldn’t take them!” They were VNĐ1,000 and VNĐ2,000 notes, even a few of the VNĐ500 pinky notes. These are the smallest monetary notes currently in circulation in Việt Nam. I thought to myself that some tourists do not know the buying power of the Vietnamese currency, so they usually waste their money—or can be convinced to hand it over to a cab driver after they’ve already paid their fare. One thousand Việt Nam đồng equals 0.035 euro or 0.045 US dollars, which is less than a five-cent coin. You can’t really buy anything with this in Europe or America. But in Việt Nam, one thousand đồng can buy you something useful for your daily needs. Twenty thousand … [Read more...] about The surprising buying power of VNĐ1,000
Customers and drivers are both worried that ride-hailing firm Grab's acquisition of rival Uber’s Southeast Asian business will reduce competition, resulting in higher fares and fewer incentives. The services in Vietnam have long relied on discounts for customers and incentives for drivers. Reuters quoted Grab as saying that the Uber acquisition accelerated its path to profitability in its core transport business, as it would become the most cost-efficient Southeast Asian platform. However, it is bad news for both customers and drivers in Vietnam, where there are a few public transport options, and the apps have grown in popularity. Trinh Bao Tram uses either Grab or Uber for her daily commute in Hanoi, and the discount codes available on any given day ultimately decide which service she uses, but now the 38-year-old newspaper editor is concerned about a price hike. “I use whichever firm gives me discount codes, if not, I’ll skip it. After the merger, I'll have no … [Read more...] about Grab’s deal to buy Uber sparks fear of price hike in Vietnam
Vietnam has great potentials for solar power The electricity demand in Vietnam is predicted to increase by 11 percent per annum, or 20 billion kwh in the next years. Under the 2011-2020 national electricity development plan, Vietnam would have 850 MW of solar electricity by 2020, 4,000 MW by 2025 and 12,000 MW by 2030. In April 2017, the PM signed a decision on encouraging the development of solar projects in Vietnam. Under the decision, the Electricity of Vietnam (EVN) has the responsibility of buying all the electricity output to be generated by solar power projects for 20 years at least. The electricity purchase price is VND2,086 per kwh, or 9.35 US cents. The Electricity of Vietnam (EVN) has the responsibility of buying all the electricity output to be generated by solar power projects for 20 years at least. The electricity purchase price is VND2,086 per kwh, or 9.35 US cents. However, despite the encouragement and tax incentives, investors still find it risky … [Read more...] about Vietnam’s solar power market: attractive but risky
VietNamNet Bridge - While Vietnamese believe that the Electricity of Vietnam (EVN), the only electricity retailer, sets high retail prices, international reports point out that the electricity price in Vietnam is lower than in other countries. The retail electricity price has increased by 6.08 percent Southeast Asia Energy Outlook 2017 commented that the price in Vietnam is relatively low compared with other regional countries. The report says the state is still indirectly subsidizing electricity production, so the electricity price doesn’t truly reflect production costs. Vietnam is pursuing a plan to gradually raise retail prices to help power generators, including EVN, cover expenses. The report said the power sector in Vietnam has been doing well with an electricity access rate ranking third in South East Asia and a low proportion of population (2 percent) having no power. Another report on Vietnam’s energy, the World Bank’s Electricity Tariffs, … [Read more...] about Is the electricity price in Vietnam too low or too high?