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Image : Ferocity of Kirkuk attack points to tough fight for Mosul

Ferocity of Kirkuk attack points to tough fight for Mosul

person Orange Themes access_time Oct 24,2016

By Babak Dehghanpisheh and Michael Georgy KIRKUK, Iraq (Reuters) - At least 100 fighters sneaked into Kirkuk in the early hours of Friday with machine guns, rocket propelled grenades, suicide vests and a message: "Islamic State has taken over." The

Image : Ricky Martin Engaged To Artist Jwan Yosef

Ricky Martin Engaged To Artist Jwan Yosef

person Orange Themes access_time Nov 17,2016

Jwan Yosef Ricky Martin Engaged To Artist Jwan Yosef The 44-year-old singer took a break from his “One World” tour Wednesday to share the news on Ellen DeGeneres' talk show. Martin said he recently proposed to conceptual artist Jwan Yosef, whom he

Image : Vietnam’s top ten 2016 exports

Vietnam’s top ten 2016 exports

person Orange Themes access_time Feb 03,2017

Vietnamnet - Viet Nam’s top ten products in terms of 2016 export turnover accounted for 71.8 per cent of total national export value, according to a recently announced statistics report by the General Department of Customs.

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When will Vietnam’s support industries flourish?

access_time May 18,2017 chat_bubble_outline 20 views
PEGA, the owner of HKBike electric bicycle brand, announced that 35 percent of bicycle components are made in Vietnam by 30 Vietnamese companies, drawing public attention to the development of support industries.

When will Vietnam’s support industries flourish?

At the product launching ceremony held in late April, PEGA’s CEO affirmed that the company doesn’t intend to compete with foreign brands by reducing selling prices, but it controls the production cost by increasing the localization ratio of products. 
This is also the way for PEGA and other companies to generate jobs for Vietnamese, and to compete with foreign brands.
Experts, while applauding PEGA, commented that there are not many other companies doing the same in Vietnam, and that despite many preferences, Vietnam’s support industries have not made considerable progress.

More than 10 years ago, Vietnamese agencies and enterprises realized the significance of the support industries development. However, it has not been successful. 

Tran Van Quang, a senior official from the Ministry of Science & Technology (MST), admitted that Vietnam’s support industries are in the early development stage and still cannot satisfy the needs of the manufacturing and assembly industry.
More than 10 years ago, Vietnamese agencies and enterprises realized the significance of the support industries development. However, it has not been successful. 
Some enterprises, instead of organizing production domestically and looking for Vietnamese partners and component suppliers, now tend to outsource to foreign enterprises.
Le Van Chinh, technical advisor of Soncamedia, said Vietnamese enterprises tend to outsource to Chinese companies instead of making products in Vietnam, because outsourcing allows them to make products at lower costs.
Soncamedia’s products, for example, are made at many Chinese factories in accordance with Soncamedia’s technology and design, and under supervision by the company’s engineers.
In mid-2015, according to Quang, MST had a meeting with representatives of big Vietnamese enterprises which owned famous brands, including BKAV (the smarthome solution provider), the Hai Phong Electrical Mechanical JSC, Vinacomin Machinery JSC and Chien Thang Automobile.
The representatives admitted that they had to outsource to foreign enterprises because it was costly to make products domestically, while the quality of domestically made products is not high.
Chinh explained that Vietnamese enterprises are capable of making products to orders, but the production cost is always high because of the low number of products. 
Le Hoai Quoc, head of the HCMC High-Tech Zone Management Board, while commenting that outsourcing to China reflects the real domestic production level, warned that mishaps may happen when doing business with Chinese factories.
Quoc commented that Vietnam has to solve the ‘chicken or egg’ question when developing industry. If you cannot prove production capability and product quality, then you will not find customers. However, few people dare to invest big money first before looking for customers.


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HCM City, Singapore boost economic co-operation

He made the remark during a reception in HCM City on July 18 for Josephine Teo, Singaporean Senior Minister of State in charge of Prime Minister’s Office, Ministry of Foreign Affairs and Ministry of Transport. The city’s leader said HCMC and Singapore have seen positive economic co-operation in recent years, with two-way trade between the two sides reaching US$3 billion in 2015. Singapore is the city’s largest foreign investor with over 850 projects worth more than US$5 billion, he added. The… chat_bubble_outline Read More...

Young immigrants who came forward now worried about future

WASHINGTON (AP) — Hundreds of thousands of young immigrants living in the country illegally willingly came out of the shadows and identified themselves to the Obama administration on the promise that they'd be safe from deportation and allowed to work.Some may now regret that decision.President-elect Donald Trump has promised to immediately scrap the program that protected these immigrants. If he does, it's not clear whether he would take action against the more than 741,000 participants. But… chat_bubble_outline Read More...

Putin promises troubled World Cup stadium will be ready

MOSCOW (AP) — Russian President Vladimir Putin has promised FIFA that a much-delayed stadium in St. Petersburg will be ready in time to host Confederations Cup and World Cup matches.The 69,000-seat stadium in St. Petersburg has had repeated problems, including worker deaths, cost rises and technical issues. The field wobbles because of a poorly installed mechanism that allows it to slide in and out of the stadium.At a meeting in the Kremlin, Putin told FIFA President Gianni Infantino "it's a… chat_bubble_outline Read More...

Gazans hope Coca-Cola plant refreshes economy

Gaza City (Palestinian Territories) (AFP) - The head of the Gaza Strip's first Coca-Cola plant said Thursday he hoped the venture would send a "message to investors" that the beleaguered Palestinian enclave was open for business."It's a message to a lot of investors and global companies that investments in Gaza can succeed," said Yasser Arafat, Gaza manager of Palestinian Coke franchisee National Beverage Company (NBC)."If we can move away from fear we can reduce unemployment," he told AFP.A… chat_bubble_outline Read More...

Michelin unveils Washington guide, no three-star eateries

[/i]No restaurant in Washington, DC got the full blessing of three stars from the Michelin Guide (AFP Photo/Andrew Caballero-Reynolds)Washington (AFP) - The Michelin Guide unveiled its first edition for the US capital Washington, awarding coveted stars to a dozen restaurants it said were part of a hot foodie scene.Alas, no restaurant got the full blessing of three stars, although three received two stars and nine got one.The best known of the three top-honored chefs is probably Spanish-born… chat_bubble_outline Read More...

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