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Fish is carried from boats at Cà Ná Fishing Port in Thuận Nam District, south central province of Ninh Thuận. — VNA/VNS Photo Công Thử Viet Nam News HÀ NỘI — Việt Nam is reaping the benefits of a national strategy laid out 10 years ago to garner riches from the country’s long coastline, over 3,000 islands and abundant water areas three times the size of its land mass. In 2007, the 10th Party Central Committee ratified the Việt Nam Maritime Strategy towards 2020. The strategy, and the myriad guidelines, policies and generous investment that have followed it have turbo-charged Việt Nam ’s coastal economy, which includes tourism, fisheries, oil and gas, and other sectors reliant on the sea. However, a wide range of challenges stands in the way of the country reaching its primary targets: ensuring the sea-based economy accounts for 53-55 per cent of the country’s gross domestic product (GDP) and per capita income in coastal areas doubles the average of the whole country … [Read more...] about 10 years on, Việt Nam’s vision of strong sea-based economy faces rows of roadblocks

Tân Vũ Port in Hải Phòng City. The city has been urged to focus on developing the sea-based economy, marine and logistics services. — VNA/VNS Photo Minh Huệ Viet Nam News HÀ NỘI — Party General Secretary, President Nguyễn Phú Trọng asked the northern port city of Hải Phòng to develop a strong sea-based economy during a meeting between the Politburo and the municipal Party Committee in Hà Nội on Thursday. The meeting focused on Resolution No 32-NQ/TW, issued in August 2003, on developing Hải Phòng in line with industrialisation and modernisation. Politburo members agreed that over the past 15 years, the city’s Party organisation, administration and people have made efforts to develop sustainably. Hải Phòng’s economic growth rate has been relatively high, at about 1.68 times higher than the national average. In 2017, the size of the economy was 4.27 times greater than 2003’s figure, while per capita GDP reached US$3,964, 1.54 times more than the national average and up 5.43 … [Read more...] about Hải Phòng urged to develop strong sea-based economy

Investment bank Morgan Stanley calls recent reports of weaker iPhone demand "supply chain noise," and sees the AAPL pullback as a buying opportunity for investors. In a note to investors seen by AppleInsider , analyst Katy Huberty says she agrees with reports of iPhone 12 mini weakness, but adds that the overall demand environment remains positive for the iPhone 12 and iPhone 12 Pro lineup. For one, she cites reports that Apple is cutting iPhone production to 75 million units in the first half of 2021. Although Huberty admits this has contributed to recent AAPL underperformance, she says the news is "noise rather than anything that impacts the fundamental outlook." A recent Morgan Stanley check indicated that there's between three million and five million units of total iPhone build upside risk for the first half of 2021. That's because the bank's research indicates that build orders for specific iPhone 12 and iPhone 11 models are being revised up, not … [Read more...] about iPhone demand weakness just ‘noise,’ outlook remains strong, analyst says

Chemicals and additives are sold without origin stamps or directions for use at HCMC’s Kim Biên market.—Photo dantri.com.vn Viet Nam News HCM CITY – HCM City authorities will move a market selling chemicals and additives far from the city center, a source said yesterday. The news was confirmed at a meeting chaired by the HCMC People’s Committee deputy chairman Trần Vĩnh Tuyến early this week. The city authority official also discussed measures to tackle the illegal sale of harmful chemicals at Kim Biên market in District 5. The city People’s Committee will pursue criminal punishment for serious violations involving harmful chemicals. And they will sanction those selling chemicals in violation of State regulations. Phan Hoàn Kiếm, chief of the city’s Market Management Department, said about 600 companies and individuals are producing, importing, and trading in chemicals in the city. There are 16 additive and chemical traders in the Kim Biên Market. More than 93 … [Read more...] about HCMC to move market selling chemicals far from the city center

Police seized khat leaves at Tân Sơn Nhất International Airport. Medical experts and police have warned that young people are being lured by new kinds of drugs. — VNA/VNS Photo Hoàng Hải Viet Nam News HÀ NỘI — Medics and police are seeing an increase in illegal drug use countrywide – and are warning users of the potential dangers associated with narcotics. In some cases, drugs are mixed into food and drinks in an attempt to get more young people hooked. But doctors say the consequences can be deadly and many of the drugs are hallucinogenic. On top of the more common drugs found in Việt Nam, like marijuana and LSD ( lysergic acid diethylamide), there has been an increase in methamphetamine, also called crystal meth, and khat leaves. In the past, heroin was often to drug of choice among addicts but according to Doctor Nguyễn Trung Nguyên from Bạch Mai Hospital’s Poison Control Centre, they are seeing fewer cases in recent years. Often, he said, young people are … [Read more...] about New narcotic lure young people

Standard & Poor’s raises Vietnam ratings on strengthening institutional settings By Thanh Thom Textile employees are at work at a factory in HCMC. Continued improvements in macroeconomic stability have supported a strong performance in export-focused manufacturing sectors, including textiles – PHOTO: THANH HOA HCMC – The United States-based credit ratings agency Standard & Poor’s has upped its long-term sovereign credit rating on Vietnam to ‘BB’ from the previous ‘BB-’ and has affirmed the country’s short-term rating at ‘B,’ thanks to its consistently strong macroeconomic performance and continued political stability. Standard & Poor’s says in a statement on April 5 that the stable outlook reflects continued improvements in the Government’s institutional settings, which the agency believes are supporting consistently strong economic growth and development outcomes. These improvements are weighed against Vietnam’s lower middle-income economy, legacy … [Read more...] about Standard & Poor’s raises Vietnam ratings on strengthening institutional settings

National Congress elects Party Central Committee members Party Central Committee prepares for 200 members Congressional delegates discuss recommendations, draft reports Development issues take the spotlight Congratulations flow in for Party HA NOI — Since its establishment, the Communist Party of Viet Nam has held 10 Congresses. Each Congress is considered an important historical milestone in recognising the Vietnamese revolution's victories, achievements and lessons. A conference to unite Communist organisations in Viet Nam, presided over by Nguyen Ai Quoc, took place from February 3-7, 1930 in Kowloon, Hong Kong (China). This was an event of historical significance as the Congress establishing the Communist Party of Viet Nam. The conference passed the Party's Brief Political Platform, Brief Policy and Brief Statutes and outlined guidelines for national liberation and the advance towards socialism. The first plenum of the Party … [Read more...] about Congresses mark Party milestones

AppleInsider is supported by its audience and may earn commission when you buy through our links. These affiliate partnerships do not influence our editorial content. Morgan Stanley is "increasingly bullish" about the iPhone 12 cycle and has hiked the target Apple stock price, because of better-than-expected sales performance in China, stable build numbers, and other positive data. In a note to investor seen by AppleInsider , lead analyst Katy Huberty writes that the iPhone 12 is "surprising to the upside in China." The trend comes after months of supposed smartphone weakness in China. The analyst estimates that iPhone shipments are up around 40% year-over-year in China in the quarter to date. That's based on smartphone shipment information released by the Chinese government. Since it doesn't break out Android versus non-Android devices, the percentage of smartphones sold in China that are iPhones is an estimate. Total smartphone shipments in China did … [Read more...] about Morgan Stanley raises AAPL to $144 on iPhone 12 strength in China

APEC 2017 a comprehensive success: Deputy PM Phạm Bình Minh Đà Nẵng Declaration stresses multilateral trade, inclusive growth 2017 APEC Ministerial Meeting Joint Ministerial Statement The 25th APEC Economic Leaders’ Meeting adopts Đà Nẵng Declaration APEC needs to bolster its leadership The APEC Policy Dialogue on HPV and Cervical Cancer discusses HPV vaccination programmes and future plans as well as goals for reducing HPV infections and incidences of cervical cancer in the region. —VNS Photo Gia Lộc Viet Nam News HCM CITY — Vaccine coverage against the human papilloma virus (HPV) should be expanded to help reduce new incidences of cervical cancer, experts said at an APEC meeting. At the APEC Policy Dialogue on HPV and Cervical Cancer, which ended yesterday in HCM City, participants discussed the rolling out of HPV vaccination programmes and future plans and goals for reducing HPV and cervical cancer in APEC economies. Global studies … [Read more...] about Comprehensive approach needed to reduce cases of cervical cancer

IMF projects Vietnam’s economic growth to drop to 6.5% By Thanh Thom File photo of a container vessel docking at Cai Mep International Terminal in Ba Ria-Vung Tau Province - PHOTO: LE ANH HCMC – Vietnam’s economic growth is expected to fall to 6.5% this year as its credit growth slows and major trading partner growth decelerates, said the International Monetary Fund in a report on the 2019 Article IV Consultation with Vietnam . Under Article IV of the IMF’s Articles05 of Agreement, the IMF holds bilateral discussions with members, usually every year. In April, a team visited the country, collected economic and financial information and discussed with officials the country’s economic developments and policies. According to the report, trade tensions and financial volatility affecting emerging economies in 2018 were also felt in Vietnam, including through a stock market correction. Nevertheless, the economy has remained resilient to date and growth reached a … [Read more...] about IMF projects Vietnam’s economic growth to drop to 6.5%