Illustrative image (Photo: AFP/VNA) Bangkok - Thailand's National Economic and Social Development Council (NESDC) reckoned that the Thai economy can be affected by three scenarios taking into account the ongoing Russia-Ukraine war and other geopolitical conflicts. NESDC Deputy Secretary General Wichayayuth Boonchit said the first and most probable scenario is that if the Russia-Ukraine war continues but the global oil supply is not affected by sanctions against Russia, Thailand’s economy should expand between 2.5 and 3.5% this year. In the second but less probable scenario, he said the Thai economy will grow less than expected in 2022-2023 if more sanctions are slapped on Russia. This will result in a surge in the global price of oil and other products. The third and worst scenario is that if a conflict is sparked between the US and China. Wichayayuth said this conflict will spark a global economic recession depending on the intensity of this and other geopolitical … [Read more...] about Three scenarios affect Thai economic growth
14th annual conference on economic growth and development
Developing digital citizen ecosystem becomes inevitable in Vietnam
The Smart Operation Center of Binh Chanh District in Ho Chi Minh City, launched in April 2022. (Photo: SGGP) Vietnam Electricyt Group (EVN) reported that it has a great quantity of customers, nearly 90 percent of whom are individuals in households. Its electricity services are linked to the National Population Database via the National Public Service e-Portal, and have so far served clients better when eliminating a lot of documents in administrative procedures thanks to the digital transformation. EVN also employs cashless payment via Mobile Money of the intermediary of VNPT, Viettel, MobiFone. The rate of cashless payment for EVN now accounts for 95 percent. Similarly, Vietnam Social Security has completed its database for over 98 million Vietnamese citizens in 27 million households nationwide. It has introduced the app VssID – digital social security app – for participants to monitor their participation in social insurance and health insurance. The app has been downloaded and … [Read more...] about Developing digital citizen ecosystem becomes inevitable in Vietnam
Cultural industry to contribute 5% of Hanoi’s GRDP by 2025
The capital city's cultural industry will become a major economic sector. The Hanoi People's Committee has issued a plan on Developing the Cultural Industry in the capital city for the period of 2021-2025, with an orientation to 2030 and a vision to 2045, in which, the industry would contribute around 5% of the city's GRDP. The plan defines specific responsibilities and mechanism for closer cooperation among departments, agencies, people's committees of districts and relevant units to fulfill the target. Dragon dance on Hanoi street. Photo: The Hanoi Times Hanoi aims that by 2025, the capital city's cultural industry will become an important economic sector, creating a new driving force for economic, cultural and social development; honoring and developing the brand "City for Peace" or "Creative City". Therefore, Hanoi will focus on developing a number of sectors that have advantages and potentials, including cultural tourism, handicrafts, performing … [Read more...] about Cultural industry to contribute 5% of Hanoi’s GRDP by 2025
Vietnam’s Quang Nam wants to host national ginseng festival next year
The People’s Committee of Quang Nam Province in central Vietnam asked provincial departments and agencies to study the organization of a national ginseng festival next year with the aim of holding an international ginseng fest in 2024. The office of the provincial People’s Committee made the announcement at the conclusion of a committee early last week. Specifically, Quang Nam’s chairman Le Tri Thanh requested the provincial Department of Culture, Sports, and Tourism to coordinate with the People’s Committee of Nam Tra My District and the Department of Agriculture and Rural Development to assess the benefits of the Ngoc Linh Ginseng Festival. These agencies were also asked to study and make a proposal to the provincial People’s Committee to hold the national ginseng festival next year in an open manner with the participation of localities cultivating ginseng nationwide. Quang Nam organizes the Ngoc Linh Ginseng Festival in Nam Tra My District annually. The event was held for … [Read more...] about Vietnam’s Quang Nam wants to host national ginseng festival next year
Bamboo Airways successfully held extraordinary shareholders’ meeting
On August 13 at its headquarters, Bamboo Airways successfully held an extraordinary general shareholders' meeting with the additional election of Le Ba Nguyen, Nguyen Manh Quan, and Doan Huu Doan as members of the Board of Management (BOM) in place of resigned members. At the same time, the BOM approved electing Nguyen Ngoc Trong as chairman of Bamboo Airways’ BOM and Doan Huu Doan to assume the position of executive vice chairman of Bamboo Airways’ BOM and Le Ba Nguyen to assume the position of vice chairman for the 2019-2024 term. Trong has been one of Bamboo Airways’ leaders since its inception and the first deputy general director since 2018. He has held the position of vice chairman of Bamboo Airways since April. Trong holds a Master of Science and Technology, graduated from the Kiev Institute of Civil Aviation Engineers in the former Soviet Union, and received advanced training in professional management in the United States, France, Switzerland, Australia, and Ireland. He … [Read more...] about Bamboo Airways successfully held extraordinary shareholders’ meeting
Bao Ha Temple Festival 2022 kicked off
The event was jointly organized by the Lao Cai provincial Department of Culture and Sports and the People’s Committee of Bao Yen district. Annually held in the province, the festival is to commemorate famous general Nguyen Hoang Bay who fought the northern enemy to protect the Fatherland in the Le Dynasty (Canh Hung reign, from 1740-1786). The festival features various activities, including Bao Yen district cinnamon festival, a seminar on promoting development of spiritual tourism in Bao Yen district, a special artistic program and cultural performances at Bao Ha commune, and a competition on preparing offerings for Hoang Bay, and more. The event also includes tennis, table tennis, chess, and volleyball tournaments, a culinary and trade fair in Bao Ha commune, and a lantern release ceremony. Translated by Tran Hoai … [Read more...] about Bao Ha Temple Festival 2022 kicked off
Da Lat to build dossier for becoming UNESCO creative city of music
The network, founded in 2004, aims to enhance cooperation among cities internationally recognised, with creativity considered a strategic factor of sustainable development. Its membership has reached 246 at present. In 2019, the capital city of Hanoi became a member of the network in the field of design. According to Ton Thien San, Chairman of the Da Lat People’s Committee, for the membership, the city has evaluated its current conditions, potential, strength and advantages in the seven sectors of craft-folk arts, media arts, cinema, design, gastronomy, culture, and music. Finally, music has been chosen as a field with outstanding potential and a highlight of cultural and artistic creation, forming a strong driving force for the city’s sustainable socio-economic development. The date for the submission of the dossier is April 2023, part of the activities marking the city’s 130th founding anniversary (1893-2023). Located on Lam Vien Plateau at an altitude of 1,500m above sea … [Read more...] about Da Lat to build dossier for becoming UNESCO creative city of music