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Viettel JV to invest $1.5 billion in Myanmar
Viettel will hold 49 percent stake in the joint venture with the remainder owned by The Myanmar National Holding Public Limited and Star High Public Company Limited.
“The Myanmar government has already granted Viettel the permission to form the telecom joint venture in the country and negotiations with the two local partners on business cooperation have almost been completed,” a Viettel’s spokeswoman told VnExpress on Saturday.
The consortium hopes its network will provide telecom services covering about 95 percent of Myanmar’s population within three years, Viettel said.
Their license will be the fourth in Myanmar. Besides Myanmar’s state-owned telecom operator MPT, Norway's Telenor and Qatar’s Ooredoo were also awarded licenses to enter the southeast Asian nation’s telecom market in 2014.
According to Myanmar government, more than 60 percent of Myanmar’s population has smartphones. Notably, 80 percent of users choose smartphones when purchasing a mobile phone.
Telecommunication will witness fast development given rising annual economic growth of about 8 percent, according to Viettel.
Amazon provides ideal channel for Vietnam’s apparel sale in EU
Textile and garment businesses of Vietnam hold considerable opportunities to sell their products to the European Union (EU) via the world’s leading online shopping channel Amazon, foreign experts said at a seminar in Hanoi on May 10. At the event, held by the Vietnam Textile and Apparel Association, Vietnamese businesses were provided with advice about e-commerce trends via Amazon by experts from Germany’s Vorwarts GmbH company.Vorwarts GmbH CEO André M. Åslund cited statistics that up to 76… chat_bubble_outline Read More...
50 years on, Florence recalls its 'Angels of the Mud'
Florence (Italy) (AFP) - Fifty years after the river Arno burst its banks with devastating consequences, Florence will this week remember the Angels of the Mud who came to save the Italian city's artistic treasures.The army of cultural rescue volunteers came from all over and, half a century later, the events of November 4, 1966 and its aftermath still burn bright in the memory of Antonina Bargellini."There is not one Florentine who is not moved when the subject of the disaster comes up,"… chat_bubble_outline Read More...
'Gladbach finally ends its winless run in the Bundesliga
BERLIN (AP) — Struggling Borussia Moenchengladbach ended its eight-game winless run in the Bundesliga with a labored 1-0 win over visiting Mainz on Sunday.Danish defender Andreas Christensen's late goal was enough for 'Gladbach's first win since the 2-0 victory over Ingolstadt on Sept. 24, though the side was fortunate not to concede an equalizer when Pablo de Blasis' 89th-minute strike was ruled out."Altogether the win was a little lucky, though not undeserved. It wasn't a good game, but a… chat_bubble_outline Read More...
Discount train tickets on Nha Trang-Hue route
The Vietnam Railways (VNR) will drop the cost of tickets by 20 percent on the tourist trains departing from Nha Trang to Hue in the central region and vice versa from May 19 to May 31. Accordingly, the tickets are sold at 292,000 VND (12.89 USD)-484,000 VND 21.3(USD) on Nha Trang-Hue route and 323,000 VND (14.2 USD)-555,000 VND (24.5 USD) on the return route.Trains will depart from Nha Trang at 8:45 and arrive in Hue at 22:39. On the return, it will leave Hue station at 16:08 and come to Nha… chat_bubble_outline Read More...
Thanks to Facebook, Vietnamese father finds his long lost daughter
For years Bui Van Han has been tormented, since his daughter left home and never returned. “I couldn't sleep, always wondering where my child is. I’m always sad thinking about that slap,” said the father from Thach Thanh District, the central province of Thanh Hoa. Back in the 1990s, his family was so poor all his seven children had to drop out. Bui Thi Ha, the fourth child, left school when she was just seven. One day in 2000, Ha, 18 at the time, and her sister had an argument. Han slapped… chat_bubble_outline Read More...