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According to the National Center for Hydrology Meteorology Forecasting, both the Northern and North- Central regions including the capital city of Hanoi will be likely to experience tropical downpours later today with the average rainfalls of 80-150 mm and possible thunderstorm, lightning, whirlwinds. From tonight, the northeastern region and Thanh Hoa Province will enjoy a cooler climate than previous days. Meanwhile, medium-heavy rains and thunderstorms are predicted for many parts of the Southern region at nighttime as heatwaves are expected to continue. The same weather condition is forecast to hit the Southern coastal provinces and cities from Da Nang to Binh Thuan from April 20-23. Amidst the dangerous weather warnings, the Standing Office of the Central Steering Committee for Natural Disaster Prevention and Control yesterday requested the Steering Committee for Natural Disaster Prevention and Control in the Northern and North- Central provinces to promptly plan … [Read more...] about Downpour, thunderstorm forecast across country, heatwaves continue

Dung, the owner of a hotel, said he has a "treasure" hidden at the bottom of the pond which yields about VND34 billion a year. Leading reporters to his closed snail farming area in Cua Tung Town in Quang Tri recently, Phan Van Dung pointed to the pond divided into cells amid a sand field. He said this was just one of his five sweet snail (Babylonia areolata) farms. He pointed out a cell lined with black canvas, where snails were about to be harvested in several days. “The price has reached a record high of VND360,000 per kilogram, twice as high as last year. I believe I can earn big money this year,” he said. In 2005, he built a small hotel with 20 rooms which became the major source of income of his family. Now he earns money from both the hotel and snail farming, but the farming brings much higher revenue. At first, he hatched shrimp, but he failed many times over five years. In 2016, he decided to breed snails, which he believed would bring high profit and low risks, … [Read more...] about Snail farm brings VND34 billion a year for Quang Tri farmer

Fresh CEO rush shakes up Vietnam’s banking arena, photo Le Toan In February, Shinhan Bank Vietnam named Lee Taekyung, former CEO of Shinhan Bank Cambodia, as new CEO of the local franchise. With 29 years of experience under his belt, Taekyung has been in charge of various positions of strategy, planning, risk management, and marketing, among others. He previously took the helm as head of the Global Business Division of Shinhan Bank Korea and gained working experience at Shinhan Bank America and Shinhan Bank Cambodia. In the latter, Taekyung doubled the size of the bank, including assets, profits, the number of branches, and employees in just two years. “In the ever-evolving financial landscape, customers’ needs will change quickly. We must be a bank that keeps pace with customer changes with customer-oriented value as the top priority,” he noted. “Vietnam is the most important country globally for Shinhan Financial Group, and we sincerely appreciate all of the customers. … [Read more...] about Fresh CEO rush shakes up Vietnam’s banking arena

Top exports According to the Ministry of Industry and Trade, in the first two months of 2021, the export value of nine groups of products exceeded US$1 billion each, accounting for 73.8 percent of Vietnam’s total export value. Of these, the export value of phones and components reached US$9.3 billion, accounting for 19.2 percent of the total, a year-on-year increase of 22.8 percent. Computers, electronic and optical products also significantly contributed to export growth. In the first two months of 2021, the production index of these products grew 21.2 percent compared with the same period last year. The manufacturing of communication devices, mostly phones and components, grew 22.9 percent. Specifically, 35 million mobile phones were manufactured, up 1.2 percent; phone component production reached VND95.4 trillion, up 55.7 percent. Major export markets of these products include the EU, the US, and China. Exports to China in the first two months of this year reached nearly US$2.5 … [Read more...] about Domestic sector expected to foster phone, component export resurgence

The water level of Nậm Liệp-Minh Lương Stream in the northern mountainous province of Lào Cai rose due to heavy rain. VNA/VNS Photo Hồng Ninh LÀO CAI — At least three people were killed in a flash flood that swept through Văn Bàn District, in the northern mountainous province of Lào Cai, over the weekend. The bodies of two people were recovered on Saturday evening, while one remains missing. The Steering Committee on Natural Disaster Prevention and Control of Văn Bàn District reported that the sudden floods affected 25 households, with furniture, motorbikes and construction materials damaged. Two houses were swept away and dozens of others were damaged. Prime Minister Phạm Minh Chính issued a dispatch asking localities to focus resources on dealing with the consequences of floods and heavy rain in the northern mountainous region since Friday. In the dispatch to the people’s committees of the six northern mountainous provinces of Lai Châu, Yên Bái, Sơn La, Hà Giang and … [Read more...] about Flash flood claims three lives in northern mountainous area