Kites fly highest against the wind

Born and raised in Nha Trang, Phu developed a passion for surfing at age 16. Quitting school due to his family's financial woes, Phu found work at a local school that taught aquatic sports like board surfing, kite surfing and sailing. When it closed down after three years, he had to work in clubs to save up for his dream of opening a surfing class. … [Read more...] about Carve the waves off Nha Trang

Vietnamese enterprises have delivered and received goods at Vietnamese ports, so the right to hire vehicles is undertaken by foreign partners, Vietnamese shippers depend entirely on foreign shipping companies and are forced to pay surcharges implemented by those shipping companies, according to Nhat. … [Read more...] about Shipping industry needs State support to develop: ministry

At an apartment block in Phuoc Long B Ward of Thu Duc City, a group of workers are tasked with cleaning the windows of more than 600 apartments. Standing on the roof of the 17-storey building, Cai Bao Thanh in a black T-shirt is about to tie the rope to some pillars to swing downstairs and start work. The ropes can bear a load of 2,000 kilograms. … [Read more...] about ‘Spidermen’ defy gravity, death to clean Saigon skyscraper windows

Therefore, the ministry has proposed the Prime Minister consider and adjust financial mechanisms to support the development of the fleet, including loans with preferential interest rates. Investment in a fleet of ships requires huge and long-term capital, while local enterprises are unlikely to be able to invest in high-quality fleets, according to Deputy Minister of Transport Nguyễn Nhật. The shipping companies have received very little financial support from the Government in the past few years to carry out fleet development. Interest rates on bank loans in Việt Nam are from 8-10 per cent per year, higher than interest rates in other countries such as Japan (1-2 per cent), Singapore (3 per cent) and China (4.5 per cent). At the same time, when registering a ship to fly the Vietnamese flag, the enterprise must carry out procedures on importing ships and have to pay taxes and fees such as registration fee, value-added tax and import tax on ships. Some ship owners … [Read more...] about Shipping industry needs State support to develop: ministry

The consumer price index (CPI), which was a major concern for people and businesses as it had increased sharply year after year, was no longer a problem in the 2016-2020 period. The CPI rose by only 3.2 percent in the 2016-2020 period. It fell sharply from the 7.65 percent rate in the 2011-2015 period. … [Read more...] about Vietnam shows its ‘firm stuff’ after five years of difficulties