Why kites fly

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

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

Passengers wearing masks are seen at an airport in Vietnam. Russia will lift entry restrictions and resume flights to Vietnam from January 27 – PHOTO: VNA HCMC - Russia will lift the entry restrictions on people from Vietnam and some other countries such as Finland, India and Qatar, with flights to these countries set to resume from January 27, the Russian Government has announced. … [Read more...] about Russia lifts entry restrictions for Vietnamese citizens