(VEN) - The Merino Wool Awareness Day of The Woolmark Company concludes today in Hanoi, with more than a hundred industry experts attending. Considering Vietnam as a key emerging market, The Woolmark Company has worked in the Vietnamese market for five years, witnessing the country’s growing interest in the use of natural fibres and its potential for production of quality wool product, as the country’s economic and social environment evolves. The Merino Wool Awareness Day proudly hosts more than a hundred participants, including international and local experts, experienced designers, suppliers and manufacturers in the textile and garment industry. The event highlights the benefits of Merino wool and provides guidance on how to access and process the fibre in innovative ways in the future, as well as giving domestic companies an opportunity to showcase their wool products and connect with more than 80 supply chain brands in Vietnam. Executives from The Woolmark Company … [Read more...] about The Woolmark Company takes centre stage in Vietnam
OPEC agrees modest hike in oil supply after Iran softens stance
OPEC agrees modest hike in oil supply after Iran softens stanceThe Saigon Times Daily Saudi Arabia's Oil Minister Khalid al-Falih talks to journalists at the beginning of an OPEC meeting in Vienna, Austria, June 22, 2018 – PHOTO: REUTERS VIENNA (REUTERS) - OPEC agreed on Friday on a modest increase in oil production from July after its leader Saudi Arabia persuaded arch-rival Iran to cooperate amid calls from major consumers to help reduce the price of crude and avoid a supply shortage. Two OPEC sources said the group agreed that OPEC and its allies led by Russia should increase production by about 1 million barrels per day (bpd), or 1% of global supply. The real increase will be smaller because several countries that recently underproduced oil will struggle to return to full quotas while other producers will not be allowed to fill the gap, OPEC sources have said. The United States, China and India had urged OPEC to release more supply to prevent an oil deficit that … [Read more...] about OPEC agrees modest hike in oil supply after Iran softens stance
Coutinho, Neymar strike late to guide Brazil past Costa Rica
Coutinho, Neymar strike late to guide Brazil past Costa RicaThe Saigon Times Daily Brazil's Neymar scores their second goal at Saint Petersburg Stadium, Saint Petersburg, Russia June 22, 2018 – PHOTO: REUTERS ST PETERSBURG (REUTERS) - Dramatic late strikes by Philippe Coutinho and Neymar gave Brazil their first win of the World Cup against Costa Rica in St Petersburg on Friday and broke Central American hearts by sending them out of the tournament. The result leaves the five-times world champions with four points from two games after they drew 1-1 with Switzerland in their opening match, and they provisionally rise above Serbia to top Group E. Serbia played Switzerland later on Friday. The clock had ticked past 90 minutes when Marcelo crossed from the left and substitute Roberto Firmino headed the ball back across goal to Gabriel Jesus. Jesus's first touch took the ball away from the defender and Coutinho raced in to poke past Keylor Navas from six metres out and claim … [Read more...] about Coutinho, Neymar strike late to guide Brazil past Costa Rica
Companies feature new tourism technology in HCMC
Companies feature new tourism technology in HCMCBy Dao Loan A female robot for a café welcomes guests at a trade meeting of IPO companies at Rex Hotel on June 22 – PHOTO: DAO LOAN HCMC – More than a dozen companies introduced their new technologies for the travel and tourism sector on June 22 as part of the 8th Tourism Promotion Organization for Asia-Pacific Cities (TPO) Forum in HCMC. Themed “Smart tourism,” this year’s edition of the forum was expected to attract some 300 delegates from 25 cities of six TPO member countries, including Vietnam. The event was aimed at seeking ways to bolster the tourism sectors of these cities. On June 22, some companies showcased their virtual reality technology, and tourists had the opportunity to experience the service. Some firms introduced their social-networking sites on tourism for the Vietnamese people, providing information on places of interest both at home and abroad and connecting their members … [Read more...] about Companies feature new tourism technology in HCMC
Punishments on Dinh La Thang, other defendants likely to be upheld
Punishments on Dinh La Thang, other defendants likely to be upheld The Saigon Times Daily Dinh La Thang, former board chairman of the Vietnam National Oil and Gas Group (PVN), answers questions at the court on June 22 – PHOTO: VNA HCMC – The High-level People’s Procuracy in Hanoi City on June 22 suggested upholding the original verdicts at appeal hearings for Dinh La Thang, former board chairman of the Vietnam National Oil and Gas Group (PVN), and six other defendants for their roles in PVN’s lost investment of VND800 billion in Ocean Commercial Bank (OceanBank). The other defendants are Vu Khanh Truong, Nguyen Xuan Thang, Nguyen Thanh Liem and Phan Dinh Duc, who were on the State oil giant’s council of members, as well as Nguyen Xuan Son, its former deputy general director, and Ninh Van Quynh, its former chief accountant and head of the Department of Finance, Accounting and Auditing, the Vietnam News Agency reported. They were all accused of … [Read more...] about Punishments on Dinh La Thang, other defendants likely to be upheld
Nostalgia and innovation combine in new dance show
Nostalgia and innovation combine in new dance show By Bradley Winterton Vrouenraets (seated) and HBSO Ballet’s dancers are rehearsing for their upcoming Café Saigon dance show - PHOTO: COURTESY OF HBSO Saturday June 30 sees the premier of a new contemporary dance work, Café Saigon, from the HCMC Ballet, in collaboration with Gotra dance company from Maastricht in the Netherlands. An earlier performance, originally scheduled for Friday June 29, has been cancelled. The association of HBSO Ballet and members of the Gotra company began a decade ago when one of the Saigon company’s principal choreographers, Nguyen Phuc Hung, was in the Netherlands as a young dancer, and worked with one of the Dutch company’s directors, Joost Vrouenraets. They have remained in contact, and often talked about the possibility of Vrouenraets, and his colleague Maite Guerin, traveling to Vietnam and creating a production with the HBSO Ballet’s dancers. Late last year … [Read more...] about Nostalgia and innovation combine in new dance show
Fuel price stabilization fund tapped despite fuel price fall
Fuel price stabilization fund tapped despite fuel price fallBy Tam An Fuel prices slump but traders are allowed to tap into the fuel price stabilization fund - PHOTO: MT HCMC – The Ministries of Industry-Trade and Finance have announced a reduction in retail fuel prices, scheduled to take effect at 3 p.m. on June 22. However, retail outlets will be allowed to tap into the fuel price stabilization fund. Despite the price drop, fuel wholesalers will still be permitted to use the fund to compensate for the gap between the new base and retail prices in the 15-day period since June 6. This means consumers will have to inject money into the fund, at hundreds of Vietnamese dong per liter. The retail price of RON95-III has been revised down by VND334 per liter to a maximum of VND21,177 per liter. The outlets rounded down the price, at VND21,170 per liter. The E5 RON92 bio-fuel petrol price dropped by VND330 per liter to VND19,610 per liter, while the price of diesel oil fell to … [Read more...] about Fuel price stabilization fund tapped despite fuel price fall
Vietnam-US container vessel docks at TCIT
Vietnam-US container vessel docks at TCITBy Le Anh Container vessel One Stork docks at TCIT on June 22 - PHOTO: NGUYEN QUOC HCMC – Tan Cang-Cai Mep International Terminal Joint-Stock Company (TCIT) on June 22 received container vessel One Stork of Ocean Network Express, owned by a Japanese global transport company. One Stork, weighing in at some 139,500 tons, operates on the EC4 route linking Vung Tau City and the East Coast of the United States. The new-generation ship stretches 364 meters in length and has an intake capacity of 14,028 twenty-foot equivalent units (TEUs). The ship is designed to connect key ports in Asia and large ports in the United States, helping cut shipping time down to 25 days. Its passage is planned to ply the route Kaohsiung – Hong Kong – Yantian – TCIT – Singapore – New York – Norfolk – Savannah – Jacksonville – Charleston – Singapore. Tan Cang-Cai Mep International Terminal has … [Read more...] about Vietnam-US container vessel docks at TCIT
Sheraton Grand Danang Resort offers new package
Sheraton Grand Danang Resort offers new packageThe Saigon Times Daily The Sheraton Grand Danang Resort’s Deluxe Pool View, furnished with refined contemporary classic furniture, offers flexibility for seamless vacation experiences in Danang City - PHOTO: COURTESY OF SHERATON GRAND DANANG RESOR The Sheraton Grand Danang Resort, a stylish and scenic beachfront destination on Vietnam’s central coast, is inviting guests to relax and reconnect with each other this summer, with a wide range of activities and experiences. Vietnamese residents and foreign expats seeking a beachfront break this summer can now book the resort’s Local Resident Package. Available from VND5,800,000++ per night for a minimum two-night stay, this offer includes credit of VND1,000,000 per day to use at the resort’s F&B outlets or spa, plus a late 3 p.m. check-out. The five-star Sheraton Grand Danang Resort is situated on the tranquil stretches of the white sand Non Nuoc Beach over … [Read more...] about Sheraton Grand Danang Resort offers new package
ACV to develop three new airport terminals worth VND5 trillion
ACV to develop three new airport terminals worth VND5 trillionThe Saigon Times Daily HCMC – Airports Corporation of Vietnam (ACV) plans to build three passenger terminals at Cat Bi, Vinh and Phu Bai airports, requiring a combined investment of VND5 trillion (US$219 million), officials said. The three terminals are to be financed by ACV’s development investment fund, the Vietnam News Agency reported. The second terminal at Cat Bi International Airport in the northern port city of Haiphong will have a floor area of 15,000 square meters and a designed capacity of five million passengers per year. This terminal has a total investment of some VND1.6 trillion. A new terminal is to be developed at Vinh International Airport in the north-central province of Nghe An and will be able to handle five million passengers per year, including one million international tourists and four million local tourists. Boasting some 16,500 square meters of floor space, the terminal will cost an … [Read more...] about ACV to develop three new airport terminals worth VND5 trillion