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Projects such as Bunge’s agribusiness are expected to increase in number through stronger US ties. Photo: Le Toan In his first few days in office five years ago, President Donald Trump withdrew from the Trans-Pacific Partnership, which was a pillar of the Barack Obama administration’s pivot towards Asia. The remaining 11 member states have since reframed the agreement as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), and President Joe Biden’s commitment to rebuilding relations with allies has sparked speculation about the US returning to the fold. Fitch Solutions under global ratings firm Fitch Group told VIR in a statement that Vietnamese trade would receive a surefire boost should new Biden decide to rejoin the CPTPP. “Biden stated in 2019 that the US should renegotiate parts of the CPTPP and re-assemble a coalition to counterbalance China’s perceived expansionist policies. The Trump administration withdrew from the original deal in 2017 … [Read more...] about Fresh dawn kindles for US-Vietnam relationship

Vietnam needs over US$128 billion for power investment next 10 years A drone is used to inspect a power transmission system in Vietnam. The country will need an estimated US$128.3 billion for developing the power system in the next decade The Institute of Energy, under the Ministry of Industry and Trade, on February 22 continued to collect feedback over the plan from the relevant agencies. According to the plan, during the 10-year period, Vietnam will need to pour some US$12.8 billion on average into the power sector per year. The total investment for the following 15 years from 2031 to 2045 will be some US$192 billion, including some US$140 billion for power sources and US$52 billion for the grid. The draft zoning plan also revealed that Vietnam will continue to import electricity from China, Laos and Cambodia in the next 10 years. The State-run Vietnam Electricity Group is purchasing electricity from China through two 220kV power lines, with 1.5 billion kWh of … [Read more...] about VIETNAM BUSINESS NEWS FEB. 26

New US President Joseph R. Biden was sworn in with his wife Jill Biden by his side, photo: AFP Last Wednesday many Americans breathed a sigh of relief as Joe Biden was sworn in as the 46th US President without any further incident from those who believe the election was “stolen” from former President Donald Trump. Instead of attending the ceremony as is tradition, Trump and his family took one last trip on Air Force One to Florida, where he will be based until the former reality TV star decides whether to run for president again in 2024 – or perhaps even endorse a family member for the post. Alongside Biden, Kamala Harris was sworn in as vice-president, becoming the first woman in American history – as well as the first woman of African-American and South Asian descent – to take on the role. “Few people in our nation’s history have been more challenged or found a time more difficult than the time we’re in now,” Biden said in his inauguration speech. He vowed to dedicate … [Read more...] about Domestic strife dampens US foreign policy

At 6 a.m. Friday, the 15th day of the first lunar month, Ly A Ton, 62, woke early to prepare offerings, including fresh flowers, fruit, incense, boiled chicken and fried cakes ( jian dui ) in front of his house on Tran Hung Dao Street in District 5. Instead of flocking to a Chinese-built pagoda with his offerings and burning incense to the gods as in previous years, Ton stayed home and set up a table to worship the deities for fear of gathering in crowds amid the new Covid-19 outbreak that began in the country in late January. He then hung red pieces of paper bearing Chinese characters on his walls to pray for peace and good fortune. "This is the most important ritual during Tet Nguyen Tieu ," he said, referring to the Lantern Festival, known as the biggest and most important festival of the year for ethnic Chinese, marking the final day of the traditional Lunar New Year ( Tet ) celebration. It is observed on the 15th day of the first lunar month, the first Full Moon day … [Read more...] about Covid-19 wave forces Chinese Vietnamese to celebrate Lantern Festival in silence

Despite nearly 20 years of difficulties and challenges in the sport, Pham Thi Kim Hue has never felt tired of volleyball. Middle blocker Pham Thi Kim Hue seen in her last national tournament in 2016 when her Vietinbank club won the championship title. — Photo laodong.vn She has just been hired as head coach of Vietinbank, one of the nation's strongest clubs, ahead of the new season. In her new role, national team legend Hue has the chance to write a new chapter in her storied career. Brilliant athletic career The 14-year-old girl knew nothing about volleyball when she was at the Military Signal Corps Command’s training course in 1996. Hue was invited to try out for the club after she impressed scouts with her height of about 1.7m. She immediately found that volleyball suited her better than the track-and-field events she had been training for. Her switch of sport marked a turning point in her life. Two years after that, Hue first played as a professional … [Read more...] about Volleyball legend Hue starts new chapter in storied career