On December 11 the State Bank of Viet Nam reduced the value of the dong against the US dollar by VND9 from the previous day to VND22,775 (US$1). The selling price of the greenback at the central bank’s transaction offices was also adjusted to VND23,408 though the buying price was kept unchanged at VND22,700. At commercial banks, the price of the greenback did not see strong fluctuations. Vietcombank still kept its selling and buying prices at VND23,265 and 23,355. Similarly, BIDV kept its rates unchanged at VND23,260 and 23,350. Market observers said the central bank has been adjusting its daily reference rate for the dong against the dollar constantly since early December though the adjustments have been minor. Why does the central bank continue to devalue the Vietnamese currency when globally the dollar is weakening after the US and China agreed to halt their trade war for 90 days? For instance, in the Asian dollar market, the dollar index, which tracks the greenback against … [Read more...] about Why SBV keeps dong weak against US dollar
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HBSO's The Nutcracker in a previous performance - Photo: Courtesy of HBSO Tchaikovsky’s ever-popular ballet will be revived on December 7, 8 and 9 in the Saigon Opera House, beginning at 8 p.m. The Nutcracker is a pre-Christmas favorite worldwide. The reasons for this are simple – it begins with a Christmas party in a sumptuously large house, and then proceeds to dream sequences in a wintry landscape of icy cold and falling snow-flakes. Most Saigon ballet productions feature recorded music, but The Nutcracker will employ the entire HBSO orchestra and a female choir, as well as the full complement of the HBSO Ballet. The conductor this year will be the eminent figure, Emmanuel Siffert. He is currently Principal Conductor and Artistic Director of the Orquesta Sinfonica San Juan (‘the San Juan Symphony Orchestra’) in Argentina. Born in Switzerland, he is exceptionally widely experienced and has conducted in many countries. At present he is … [Read more...] about Christmas is coming, and so is The Nutcracker
Viet Nam News Trần Ngọc Hùng, chairman of the Việt Nam Construction Association, speaks to Việt Nam News Agency about key reasons for the delays in the renovation of old living quarters in Hà Nội. How do you evaluate the national programme to renovate old living quarters? The national programme to renovate old living quarters was launched more than 10 years ago, but its implementation has been very slow. As a consequence, its results have been limited. According to the latest report, some 25 percent of the old living quarters have been described as “very dangerous.” They could collapse at any time and the lives of people living in these building are at risk. What are the main factors preventing the programme from following its approved plan? The Government’s policy is totally right, yet specific guidelines and solutions to implement the policy have not been translated into real life. I should say the implementation of the … [Read more...] about Why does renovation of old living quarters proceed so slowly?
The prime minister visiting the construction site of the Vinfast automobile manufacturing complex (Photo: VGP) Breaking all the timelines During the visit of Prime Minister Nguyen Xuan Phuc to the construction site of the Vinfast manufacturing complex on May 13, Vingroup chairman Pham Nhat Vuong said that the complex will be completed soon and will start manufacturing electric motorbikes this August. They expect to release the first vehicles in the third quarter of this year. The next vehicles of Vinfast will be released in the second quarter of 2019. These will include two internal combustion engine automobile models (a five-seat sedan and a seven-seat SUV). Additionally, an electric car model and a small-sized internal-combustion-engine automobile model will be launched in late 2019. Vinfast will start to manufacture electric buses in the fourth quarter of 2019. Breaking ground at its electric automobile and motorbike manufacturing complex in last September, VinFast has become … [Read more...] about Vietnam fast approaching automobile manufacturing dream
A groundbreaking study has uncovered why some patients' cancers are more deadly than others, despite appearing identical. PHOTO: CRICK INSTITUTE Francis Crick Institute scientists developed a way of analysing a cancer's history to predict its future. The study on kidney cancer patients showed some tumours were "born to be bad" while others never became aggressive and may not need treating. Cancer Research UK says the study could help patients get the best care. "We don't really have tools to differentiate between those that need treatment and those that can be observed," said researcher and cancer doctor Samra Turajlic. One cancer could kill quickly while a patient with a seemingly identical cancer could live for decades after treatment. It means uncertainty for both the patient and the doctor. The team at the Crick performed a sophisticated feat of genetics to work out the cancer's history. It works like a paternity or ancestry test on steroids. As cancers grow and evolve, … [Read more...] about Why some cancers are ‘born to be bad’