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South Korean SK Group a major Vingroup shareholder

South Korean SK Group a major Vingroup shareholder

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The logo of SK Innovation is seen in front of its headquarters in Seoul, South Korea. Photo by REUTERS/Kim Hong-Ji SK Group has spent nearly $1 billion on a 6.15 percent stake in Vingroup, Vietnam’s biggest private conglomerate. The Ho Chi Minh City Stock Exchange (HoSE) announced Tuesday afternoon that 205.7 million VIC shares of Vingroup were bought by SK Investment Vina II – a subsidiary of the SK Group, on May 21. With a 6.15 percent stake in Vingroup, SK Group has become a major shareholder under Vietnamese law, a status conferred on a shareholder directly or indirectly owning at least 5 percent of voting shares. The transaction happened five days after Vingroup and SK Group signed a strategic cooperation agreement. According to the agreement, SK Group would spend V...
Beirut serves up Middle Eastern delights: food and dance

Beirut serves up Middle Eastern delights: food and dance

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Beirut Mediterranean Restaurant & Lounge, opened in Saigon and Hanoi in 2012, offers authentic Middle Eastern food and entertainment. Beirut serves up Middle Eastern delights: food and dance Established by a native Lebanese-Canadian entrepreneur who moved to Saigon and made it her mission to introduce authentic Middle Eastern food and entertainment in Vietnam, Beirut delivers an authentic exotic experience. Named after the Lebanese capital, the restaurant stays true to the Middle Eastern tradition of welcoming guests effusively and serving delicious food. It is not a surprise that it has become a popular fine dining destination in both cities. It delivers on authentic food, exotic drinks and eye-catching live performances. The Arabian inspired interior is colorful. There...
Tam Coc shimmers in silver and gold

Tam Coc shimmers in silver and gold

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The Tam Coc area glistens in silver and gold as rice fields ripen along both sides of Ngo Dong River in northern Vietnam. Hundreds of photographers and thousands of tourists are making their ways to Tam Coc, about 100 km south of Hanoi, to capture the stunning seasonal landscape in the area dubbed ‘Ha Long Bay on land". Ha Long Bay is a UNESCO world natural heritage in Quang Ninh Province, northern Vietnam. The Tam Coc (Three grottoes) – Bich Dong area is part of the UNESCO heritage site Trang An Landscape Complex in the northern province of Ninh Binh, home to the ancient capital Hoa Lu under the reign of Dinh Dynasty (968-980). Unlike other places in Vietnam, Tam Coc only has one rice crop per year due to the rise in the river’s water level during the monsoon, making farming ...
Homestays offer a taste of local life

Homestays offer a taste of local life

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Homestays offer guests the chance to experience Vietnam away from a hotel or resort and have found favor among local homeowners with room to spare. After her sister’s family moved out, Ms. Tu Dao had three rooms available in her house. Rather than look for new housemates, she decided to make her house a homestay. The idea came to her after she noticed there were more and more homestays being offered in Hanoi, and she saw it as a good opportunity to earn some money. Thousands of local residents are also taking up the opportunity to provide homestay services as a way of earning more income, which is also providing more homestay options in the country. First appearing in Vietnam in the 1990s, a few years after the country applied policies to open up its economy, homestay servi...
Vietnamese parents uncomfortable about children’s early sex initiation

Vietnamese parents uncomfortable about children’s early sex initiation

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While the majority of Vietnamese prohibit their children from having sex at an early age, others are more open and do not consider this to be a moral problem. “He is a seventh grader. He disseminated a hot girl’s sex clips to classmates. In the classroom, he and a girl embraced each other in front of me, a teacher that he met for the first time,” Vu Thu Huong, a teacher with a PhD in the Psychology faculty at the Hanoi University of Education. Do Thuy Linh, a parent from Dong Da district in Hanoi, said she wasn’t surprised about this. “Vietnamese students nowadays enter puberty sooner than we did in the past. A seventh grader now could be 1.6 meters tall and can easily search for information about sex on the internet,” Linh said. Lien Huong, whose daughter is an eighth grad...
Essence lists must-try things to explore Vietnam

Essence lists must-try things to explore Vietnam

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Danielle Pointdujour, editor from Essence, a monthly magazine for African-American women between the ages of 18 and 49, has recommended things to explore the ancient wonders of Vietnam. Golden Bridge in Da Nang. Typically, globetrotters flock to countries like Thailand and Cambodia on their Southeast Asian journeys, but these days Vietnam has started to truly grab the world’s attention. Vietnam has something for every type of traveler and budget. The magazine advises them to go in the spring or fall. Book a room in the heart of the city at hotels like the Park Hyatt Saigon or escape the crowds and head to the coast to spend a few nights at one of the country's most instagrammed hotels, the Intercontinental Da Nang. In addition, foodie lovers will rejoice in the flavorful (a...
Young Vietnamese turn to dating apps to seek relationships

Young Vietnamese turn to dating apps to seek relationships

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Tinder and other online dating apps are gaining popularity among young Vietnamese. Photo by Shutterstock/BigTunaOnlineAn increasing number of Vietnamese are turning to online dating apps to look for their future partner. When Quynh first heard about Tinder, she was not convinced it would actually work, but downloaded it anyway out of curiosity. The app allows users to browse through thousands of profiles to find an interesting one. If two people are matched, they can start an online conversation. Sitting with a group of single friends at a weekend party recently after a busy week, Quynh heard the story of a man and a woman sitting next to each other at Noi Bai International Airport in Hanoi when they were matched by the app. They went on to become a couple. "It sounded too ...
Vietnam attracts record FDI

Vietnam attracts record FDI

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A worker works at a residential apartment project site in Hanoi. Photo by Reuters/KhamVietnam has drawn FDI worth $16.74 billion in the first five months of the year, the highest in the period since 2015. The registered foreign direct investment, which includes newly-registered capital, capital supplements and stake acquisitions, represents an increase of almost 70 percent year-on-year, the Ministry of Planning and Investment reported. Of the amount $6.46 billion went into 1,363 newly-registered projects, up 38.7 percent. Mergers and acquisitions were up 2.8 times at $7.65 billion. Hong Kong led with $5.08 billion, making up 30.4 percent of overall FDI in the period. They were followed by South Korean and Singaporean investors, who contributed $2.62 billion and $2.09 billion, ...
Report affirms Korean Wave still strong in Vietnam

Report affirms Korean Wave still strong in Vietnam

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BTS is a highly popular South Korean boyband in Vietnam. Photo by AFP/Lisa O'ConnorA survey has found that 51 percent of Vietnamese people like Korean pop music, and 68 percent favor South Korean dramas. Up to 31 percent of respondents said they like Korean pop music, and 20 percent said they like it "very much", according to a survey results released recently by HCMC-based market research firm Q&Me. Among the most popular K-pop artists are BTS, Big Bang and G-Dragon. Around 68 percent of Vietnamese prefer Korean dramas and movies, with 25 percent liking them a lot. The most popular Korean dramas and movies are Descendants Of The Sun and Boy Over Flowers. Korean cuisine was favored by 58 percent of respondents, with popular dishes including kimchi (Korean pickled vegetable...
Vietnamese short film wins Cannes award

Vietnamese short film wins Cannes award

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Stay Awake, Be Ready has won the Director’s Fortnight section award at the Cannes Film Festival 2019. Pham Thien An (left) and a film crew member with the Cannes trophy. Photo taken from Pham Thien An's Facebook page The movie surpassed nine other films from around the world to win the award at the Cannes Film Festival 2019 held May 14-25 this year. The section, established in 1968, honors feature, short films and documentaries that do not compete in the main categories. Completed in 2018, Stay Awake, Be Ready (Hay Thuc Tinh va San Sang in Vietnamese) deals with a traffic accident in front of a sidewalk food stall that spontaneously connects the life of three young people. The film's director Pham Thien An told French magazine Polyester he came up with the idea one night he ...