24 june 2019

President Nguyen Xuan Phuc (right) and Lt. Gen. Hun Manet, Deputy Commander-in-Chief of the Royal Cambodian Armed Forces (RCAF) and Commander of the Royal Cambodian Army (Photo: VNA) Hanoi (VNA) – President Nguyen Xuan Phuc hosted a reception in Hanoi on August 9 for Lt. Gen. Hun Manet, Deputy Commander-in-Chief of the Royal Cambodian Armed Forces (RCAF) and Commander of the Royal Cambodian Army. The President expressed his hope that Hun Manet’s visit will significantly contribute to the success of the Vietnam-Cambodia Friendship Year 2022 marking the 55th anniversary of the bilateral diplomatic ties (June 24, 1967). Phuc congratulated Cambodian people on great, comprehensive achievements they have recorded over the past time, and noted his belief that Cambodia will gain more attainments in both home and external affairs in the time ahead, and successfully fulfill its ASEAN Chairmanship 2022 and organise its general elections in 2023. Highlighting the traditional … [Read more...] about President receives Cambodian high-ranking military officer

He also suggested the government consider simplifying immigration procedures to attract foreign tourists as Vietnam reopened after over two years of border closure, he said in a report submitted to the National Assembly Standing Committee on Tuesday. Hung also proposed extending tax cuts to tourism businesses until the end of 2023 to help them recover after the pandemic crisis. Though Vietnam reopened tourism and lifted most Covid restrictions, Hung said travel firms and those working in the tourism industry are grappling with difficulties and have not really benefited directly from current policies. The country welcomed 954,000 foreign arrivals in the first seven months this year, up nine times year-on-year. This year, Vietnam targets five million foreign tourists, around 30 percent of pre-pandemic levels. The government has allowed quarantine-free entry and resumed its pre-pandemic visa exemption policy for 24 tourism markets including Western European countries from … [Read more...] about Vietnam minister proposes visa exemption for US, European travelers

Kuala Lumpur – Finance Minister Zafrul Aziz has said Malaysia's inflation may reach around 11 percent if the government does not implement subsidies for essential items like fuel. Finance Minister Zafrul Aziz has said Malaysia's inflation may reach around 11%. (Photo: theedgemarkets.com) The minister told the press that Malaysia's inflation is forecast to be 2.2 percent -3.2 percent. In fact, for the first six months of the year, inflation was around 2.5 percent, and that was largely due to the large size of subsidies that the government introduced. Malaysia's inflation, as measured by the consumer price index, increased 3.4 percent year-on-year in June, led by costlier food, the Department of Statistics Malaysia said on July 22. Nonetheless, Tengku Zafrul acknowledged that the current blanket subsidy policy is not sustainable for the country, but it is necessary for economic recovery in the short term. The government is managing the economy cautiously, and the … [Read more...] about Malaysia’s inflation may hit double digits: Finance Minister

Hanoi – The northern mountainous province of Yen Bai has received and implemented 21 programmes and projects funded by the World Bank (WB) with total investment of 4.67 trillion VND (199.65 million USD) since 2000, according to a local official. Chairman of the Yen Bai province People’s Committee Tran Huy Tuan and WB Country Director for Vietnam Carolyn Turk. (Photo: VNA) Chairman of the provincial People’s Committee Tran Huy Tuan told WB Country Director for Vietnam Carolyn Turk on August 9 that 18 out of the 21 projects have been put into use, while three are underway. These projects have significantly contributed to local development in essential sectors like poverty reduction, construction, healthcare, rural transport and urban infrastructure, he stressed. Turk was in Yen Bai province to discuss the implementation of the dynamic cities integrated development project, which includes Yen Bai city, with total investment amounting to 63.27 million USD, of which 39.46 … [Read more...] about Yen Bai deploys 21 World Bank-funded projects

Illustrative image (Source: VNA) Hanoi (VNA) – The Association for Victims of Agent Orange/Dioxin (VAVA) has been adopting innovative methods to maximise support and donations from organisations and individuals for AO/dioxin victims. Nguyen Van Khanh , VAVA Vice Chairman and Director of the fund for AO/dioxin victims in Vietnam, by the end of June 2022, the fund had raised over 3 trillion VND (over 128 million USD) to assist AO/dioxin victims and their families. charity houses , grant scholarships, and provide free medicine and treatment for thousands of AO/dioxin victims . VAVA ’s chapter in the northern province of Nam Dinh, said through the movement “Action for AO victims" in 2021, the organisation raised over 23 billion VND from agencies, units and donors in and outside the locality. VNA … [Read more...] about Huge efforts exerted to support AO/dioxin victims

In the first seven months this year, Vietnam’s total export value to the American market approximated $77 billion, equal 22 per cent jump on-year, in which exports to the US market were a bright spot reaching $66.7 billion, up 23.7 per cent on-year. Earlier, accelerated export of Vietnamese products to this market was a hallmark in 2021 reaching $114 billion in total export value, showing a 27 per cent jump on-year. Vietnam also witnessed a big export surplus with this market reaching approximately $89 billion last year. Exports to the US surpassed $96 billion in 2021, more than $21 billion compared to 2020, placing the US in the pole position among Vietnam’s export markets with export value far exceeding that of other markets such as China, the EU, ASEAN, South Korea, and Japan. Several new markets clinching free trade agreements (FTA) with Vietnam in America such as Canada and Mexico have increased imports from Vietnam. Apart from seafood and apparel, the export … [Read more...] about Exports to the Americas eye strong rebound

Hanoi - Vietnam’s GDP growth is forecast to expand 7.5 percent in 2022 and 6.7 percent in 2023, with resilient manufacturing and a robust rebound in services serving as the driving forces for economic recovery. At the press conference to release the report. (Photo: WB Vietnam) According to the latest economic update by World Bank (WB) for Vietnam, the country’s economy expanded 5.2 percent in Q4 of 2021, and respectively 5.1 percent and 7.7 percent in Q1 and Q2 of 2022. Inflation is projected to average 3.8 percent over the year. Carolyn Turk, WB Country Director for Vietnam, said that the bi-annual report “lays out a set of policy recommendations that could help mitigate the impact of these risks and make the economy more resilient going forward.” Titled “Taking Stock: Educate to Grow”, this edition underlines transforming the higher education system as the key to boosting the country’s productivity and achieving its development goals, in the context where the … [Read more...] about Vietnam’s economic growth forecast at 7.5 pc in 2022: World Bank

A tropical low depression on August 9 strengthened into a tropical storm named MULAN which is travelling towards the northern coast of Vietnam, according to the National Center for Hydrometeorological Forecasting. At 01pm on August 9, MULAN was located nar the northern part of the Hoang Sa archipelago of Vietnam, approximately 300km south east of China’s Hainan island. It was packing winds of between 62 and 74kph nears its eye. In the next 24 hours, the storm is forecast to move north and change its course into north-west at a speed of 15-20kph. In the next 24 to 48 hours, the storm is anticipated to travel west and north-west at a speed of 15kph and weaken into a tropical low depression. Northern provinces, especially those stretching along the coastal areas, have been warned about heavy rain and rough seas in the coming days. This is the second tropical storm that has formed in the East Sea this year. … [Read more...] about Storm MULAN heads toward northern Vietnam

Tens of thousands of tourists stranded in a Covid-hit resort city in southern China due to travel curbs can begin leaving in batches, authorities said Tuesday, but many remain trapped. Residents and tourists in the southern Chinese province of Hainan line up to be tested for the coronavirus on Monday. — AFP More than 80,000 holidaymakers in Sanya on the island of Hainan -- often called "China's Hawaii" -- saw their vacations turn into a nightmare when officials declared a Covid emergency and cancelled flights and train ticket sales over the weekend. Sanya, home to more than a million people, is battling its worst outbreak in two years with more than 1,500 cases reported between August 1 and 9, according to official data. China is the only major economy still sticking to a zero-Covid strategy that uses snap lockdowns and long quarantine periods to contain outbreaks before they spread. The local health bureau on Tuesday announced that some tourists would be … [Read more...] about Tourists trapped in ‘China’s Hawaii’ over Covid to start leaving

At the event (Photo: VNA) Hanoi, August 9 (VNA) - The Vietnam Football Federation (VFF) held a ceremony in Hanoi on August 9 to introduce Giustozzi Diego Raul as the new head coach of the Vietnamese national futsal team, who is expected to lift the squad to new heights, starting with the 2022 AFC Futsal Asian Cup and then at the 2024 World Cup final. Raul, of Argentine nationality and born in 1978, led his native country to win the 2016 Futsal World Cup in Colombia. He is contracted to lead the Vietnamese team from August 1, 2022 to September 30, 2024. Giustozzi Diego Raul (Photo: VNA) In recent years, Vietnamese futsal has made strong developments, participating in the FIFA Futsal World Cup in Colombia in 2016. The national team appeared at the World Cup again in 2021 under the guidance of coach Phạm Minh Giang. At both tournaments, Vietnam reached the round of 16. According to Tran Anh Tu, head of the futsal section of the VFF, to raise the level of the … [Read more...] about Vietnam’s futsal team has new coach