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Railway to ruin: Hanoi train factory fades from glory

2018-07-10T20:22:15Z

LilianaChamplin:

The Gia Lam train factory in Hanoi was the first in the then-French territory established to bolster the expanding rail network of the time Built by the French to fix trains for their fast-developing Vietnamese colony, the Gia Lam factory later churned out weapons to fuel the country's independence fight, and then [http://Www.tumblr.com/tagged/survived survived] the onslaught of American bombers during the war. But the storied Hanoi plant is now in decline, a victim of the rising consumer power of Vietnam's middle classes as passengers turn from trains to planes. The storied Hanoi plant is now in decline, a victim of the rising consumer power of Vietnam's middle classes as passengers turn from trains to planes "In the past, I was proud to work here because this factory was the biggest in Indochina," repairman Au Duy Hien told AFP. Opened in 1905, Gia Lam was the first train factory in the then-French territory, which spanned modern-day Vietnam, Cambodia and Laos. Mechanics used the base to first fix and then assemble the engines and carriages that served the region's rapid push toward industrialisation. The factory [http://www.vtr.org.vn/cam-nang-du-lich-bac-kinh-5-ngay-4-dem.html tour bắc kinh từ hà nội] was taken over by the Vietnamese in the 1940s, expanding production to make bazookas and grenades for revolutionaries fighting the colonial rulers who were finally thrown out in 1954 The [https://openclipart.org/search/?query=factory factory] was taken over by the Vietnamese in the 1940s, expanding production to make bazookas and grenades for revolutionaries fighting the colonial rulers who were finally thrown out in 1954. And then it continued to make weapons during the Vietnam War -- even as it was bombed by US planes targeting Communist-backed revolutionaries in northern Vietnam. - Running out of steam - Output at the factory is down more than 90 percent since its 1990s heyday and it is now mostly used to repair old trains, with little demand for new carriages on the country's vast but outdated rail network But today, output is down more than 90 percent since its 1990s heyday. It is now mostly used to repair old trains, with little demand for new carriages on the country's vast but outdated rail network. The industry is struggling to keep pace with the lure of low-cost air travel. For many, the choice between a clanging, slow-moving train or a quick -- and cheap -- plane is a no-brainer. In 2015, 31 million people travelled by air, more than double the number in 2010, according to official statistics. Train use remained steady at 11 million for the year. Today, some companies are seeking to revive the colonial romance of rail travel, offering first-class trips, wood-lined cabins with restaurant car. The air travel industry in Vietnam has taken off in recent years, aided by the launch of low-cost airlines offering cheap tickets. In 2015, 31 million Vietnamese took to the skies, more than double the number who flew in 2010 "If rail transportation isn't developed, then the railway industry cannot be revived," union boss Nguyen Anh Tuan told AFP. Some lawmakers recently called for private investment into the state-controlled sector, and the country's parliament is currently considering revising the law. But unless the [http://www.vtr.org.vn/cam-nang-du-lich-bac-kinh-5-ngay-4-dem.html vtr.org.vn] industry sees a major upturn in fortunes, Gia Lam employees fear it will soon run out of steam. Advertisement

Dr. Doom Marc Faber removed from more boards after comments on...

2018-07-07T17:04:13Z

LilianaChamplin:

By Jennifer Ablan NEW YORK, Oct 20 (Reuters) - Marc Faber, the markets prognosticator known as "Dr. Doom," has been dismissed from three more company boards after comments in his latest newsletter this week suggested the United States had only prospered because it was [http://www.vtr.org.vn/cam-nang-du-lich-bac-kinh-5-ngay-4-dem.html du lịch Bắc Kinh] settled by white people. U.S-based Sunshine Silver Mining Corp, Vietnam Growth Fund managed by Dragon Capital, and Indochina Capital Corporation, had all dismissed him, Faber told Reuters on Friday, Faber has now been fired from six boards with Canadian fund manager Sprott Inc, NovaGold Resources Inc and Ivanhoe Mines Ltd letting him go on Tuesday after his remarks went viral on social media platform Twitter. In the October edition of his newsletter, "The Gloom, Boom & Doom Report," in a section discussing capitalism versus socialism, Faber criticized the move to tear down monuments commemorating the U.S. Civil War military leaders of the Confederacy. "Thank God white people populated America, not the blacks," Faber wrote in his newsletter. "Otherwise, the U.S. would look like Zimbabwe, which it might look like one day anyway, but at least America enjoyed 200 years in the economic and political sun under a white majority." "I am not a racist," Faber continued, "but the reality - no matter how politically incorrect - needs to be spelled out as well." Faber, a Swiss investor based in Thailand, who oversees $300 million in assets, said he has not lost any client money, and still stands by his comments and will keep publishing his newsletter. "My clients all know me for more than 30 years. They know that to call me a racist is inappropriate," he said. Faber said he has not seen a significant amount of subscribers cancel their subscriptions to his newsletter as a result of the controversy. "No, I think most people actually agree with me and certainly defend freedom of expression even if it does not coincide with their views." On his board dismissals, Faber said: "If saying what I said leads to these consequences, I prefer not to be on these boards. I think the corporate world is now run by compliance people. In this context, I understand their firing me." Business television [http://Www.fin24.com/Search/News?queryString=networks networks] such as CNBC and Fox Business said they would remove Faber from booking lists for their shows, and a Dow Jones spokesperson on Friday said Faber has not been [http://Www.newsweek.com/search/site/involved involved] in the Barron's Roundtable since 2015. Faber said: "I shall continue to write my two reports: The printed Gloom Boom & Doom Report and the website report. If I ever stop writing it won't be because some media outlets call me a racist, but because Mr. Mugabe asks me to be his minister of finance." He [http://www.vtr.org.vn/cam-nang-du-lich-bac-kinh-5-ngay-4-dem.html vtr.org.vn] was referring to Zimbabwe's president, Robert Mugabe. (Reporting By Jennifer Ablan; editing by Clive McKeef) Advertisement

User:LilianaChamplin

2018-07-06T04:46:38Z

LilianaChamplin: Created page with "I'm Liliana and I live in Redwood Park. I'm interested in Environmental Management, Travel and Spanish art. I like to travel and watching NCIS. Stop by my weblog [h..."

I'm Liliana and I live in Redwood Park. I'm interested in Environmental Management, Travel and Spanish art. I like to travel and watching NCIS. Stop by my weblog [http://www.vtr.org.vn/cam-nang-du-lich-bac-kinh-5-ngay-4-dem.html tour bắc kinh từ hà nội]