Vietnam Economy Forum

[Viet]

GMS to invest $50 billion in economic corridor development
15:18 | 13/12/2013 Vietnam Investment Review

Member countries of the Greater Mekong Sub-region (GMS) are unanimous in drawing up a list of potential projects worth $50 billion under a new Regional Investment Framework (RIF) agreement.
Stephen Groff, Vice President of the Asian Development Bank (ADB) said that the next generation projects can help boost trade and investment cooperation among nations, and stimulate employment and growth.

The GMS program is focused on perfecting transport links with priorities given to improving knowledge and software, and facilitating the exchange and management of public goods in the region.

The RIF agreement was approved at the 19th Ministerial Conference of the GMS Economic Cooperation Program in Vientiane. It consists of sub-regional technical assistance and investment projects.

China and Vietnam also signed an agreement on developing cross border economic cooperative zones. The recent completion of a new bridge linking Laos and Thailand has helped improve transport on the North-South Economic Corridor of the GMS.

The GMS program is aimed at turning the transport corridors into economic ones to boost trade and investment cooperation among nations, as well as stimulating growth and employment while the RIF agreement is targeted towards multi-sector projects.

Along with developing urban areas and logistics centres, the focus will be on building an electricity market in the sub-region, meeting investment demand from member nations and enhancing their capacity to cope with climate change, improve the competitiveness of the agricultural sector and ensure food safety and hygiene.

 

[Viet]

US$2 billion to build Vinh Tan thermal power plant
Updated : 12/12/2013 6:43:10 PM Voice of Vietnam

(VOV) - The US$ billion Vinh Tan 1 thermal power plant has commemorated the signing of its Build-Operate-Transfer (BOT) contract.

The project is a collaboration between Chinese contractors operating as a joint venture and Vietnam National Coal-Mineral Industries Corporation (Vinacomin).

The Vinh Tan 1’s two turbines are designed to produce 1,200MW from domestic coal. When completed, the plant will generate an annual electricity output of 8 billion kWh.

Minister of Industry and Trade Vu Huy Hoang urged government agencies to process funding arrangements as soon as possible. Representatives of the plant’s primary investors have committed Vinh Tan 1 will incorporate advanced technology meeting international standards.

 

[Viet]

Korea to provide $1 mln nuclear equipment to Vietnamese university

TUOI TRE
UPDATED : 12/12/2013 14:06 GMT + 7

Inside a nuclear research center in the Central Highlands city of Da Lat

A Korean nuclear association will sponsor equipment priced at US$1 million to help train personnel for Vietnam’s nuclear technology and atomic power industry at a university in the Central Highlands, according to an agreement signed Wednesday.

 

[ViXuyen]

Viet Nam's PISA scores. This is the first time Viet Nam participates in this test

 

[ViXuyen]

I read on the news, the Ha Noi-Lao Cai expressway is on pace to be finished by the end of 2014. On December 15-16, snow fell like crazy in Lao Cai (and Ha Giang) and it prompted a wave of tourists who rushed to the scene to see snow. In the future, tourists can rush to see snow in a few hours thanked to this expressway. Local tourism will get a boost from this expressway for sure

 

[Rechoice]

I read on the news, the Ha Noi-Lao Cai expressway is on pace to be finished by the end of 2014. On December 15-16, snow fell like crazy in Lao Cai (and Ha Giang) and it prompted a wave of tourists who rushed to the scene to see snow. In the future, tourists can rush to see snow in a few hours thanked to this expressway. Local tourism will get a boost from this expressway for sure

Sapa is like in Europa.

 

[Viet]

Sapa is like in Europa.

snow in tropical Vietnam. nice.

 

[Viet]

Thaco to produce diesel engines for trucks, buses from 2015
Updated: Saturday, Dec 14, 02:47 PM

QUANG NAM (Biz Hub)— The Truong Hai Automobile company (Thaco) will begin producing diesel engines for trucks and buses from 2015, the company said.

The company's engine manufacturing plant, whose construction commenced last year with an investment of US$185.5 million, will produce nearly 20,000 engines meeting the Euro 2 and Euro 3 Emission Standards between 2017 and 2018.

Half of these will be for sale in the domestic market.

Last year, Thaco produced 24,500 vehicles, generating total revenue of VND12 trillion ($571.4 million).

Thaco, in partnership with French automaker Peugeot, will also begin manufacturing and assembling the Peugeot 408 and 3008 models. — VNS

First locally made Peugeot 408 unveiled
Updated: Friday, Dec 20, 08:18 AM

Peugeot 408 model.— Photo vtc

QUANG NAM (Biz Hub) — The first locally made Peugeot 408 model has made its debut, officials of Truong Hai Automobile company (Thaco), in partnership with French automaker Peugeot, said on Thursday.

This is the first Peugeot car manufactured in Viet Nam following an eight-month technology re-tooling, said officials.

Thaco will also begin manufacturing and assembling the Peugeot 3008 model at Truong Hai-Chu Lai Auto Complex in central Quang Nam Province next year.

The largest automobile manufacturer in Viet Nam has produced and distributed vehicles for car manufacturers, including Kia from South Korea, Mazda from Japan and French giant Peugeot. — VNS

 

[Viet]

Parkson opens 6th outlet in HCM City
Updated: Friday, Dec 20, 05:21 PM

HCM CITY (Biz Hub)— Malaysian department store chain Parkson opened its ninth outlet in Viet Nam and sixth in HCM City in the Cantavil building in District 2 on Friday.

"The five-floor mall is expected to be the ideal destination for residents in the east of the city," John Lam, deputy general director of Parkson Vietnam Co., Ltd, said.— VNS

 

[ViXuyen]

by ALISON MORROW / KING 5 News
Bio | Email | Follow: @AlisonMorrowTV
KING5.com
Posted on December 5, 2013 at 6:07 PM
Updated Friday, Dec 6 at 12:00 PM

Of the 2,100 students who attend Kentridge Senior High School, only about a dozen make it into the Calculus AB classroom.

"This is the cream of the crop we have here," explained Mark Champoux. "Not only do you have to be hardworking but you also have to be extremely intelligent."

Champoux calls all of his students "intelligent", so he wasn't surprised that one of them Tracy Tran, 18, recently scored a 5 on the AP Calculus AB exam.

As a child, Tran's parents had to force her to stop reading and go to bed. She calls books an escape. Math, however, brought her back to reality.

"We can solve so many problems with it. So now it's become like a passion," Tran said. "By turning it into a graph and revolving it around an axis and taking integral. It's just crazy stuff."

Though humble, even Tran knew she'd do well on the test.

The surprise came later, when the College Board sent Kentridge Principal Mike Albrecht a letter. It reads: "Only 14.3% of the 3,938,100 exams taken in 2013 earned this top score. She was one of only eight students in the world to earn every point possible..."
"I've never had a kid score a perfect score on any of our AP tests," Albrecht said.

When he told her class, however, no one seemed shocked.

"If anybody was going to get a perfect score, it was going to be Tracy," said Josh Curtis.

For Tran, the credit belongs to her entire class. She call calculus a community effort, and she plans to use her math skills to give back to her community.

"It's really humbling because I know that it's not all my success," she said. "Whatever I want to do, I want it to have an impact on the way we live our lives."

Kent senior 1 of 8 in world to earn top Calculus score |
KING5.com Seattle

 

[CN.Black]

Sapa is like in Europa.

There is a Dongfeng truck in the first pic, do Dongfeng autos sells well in Vietnam?

 

[BoQ77]

Dongfeng assembled in Vietnam under licence by Hoang Huy - a Vietnam company.
The best seller of truck is Huyndai - Korea brand

 

[CN.Black]

Dongfeng assembled in Vietnam under licence by Hoang Huy - a Vietnam company.
The best seller of truck is Huyndai - Korea brand

Thank you for response.

 

[Viet]

new 26-km section of the Noi Bai – Lao Cai Expressway

new Terminal T1 at the Noi Bai International Airport

Boston Consulting Group (BCG) with a new office in Saigon

 

[Viet]

Japanese retailer Aeon opens its first $100ml shopping mall offering many Japanese products in Saigon. Two more malls are coming.