Cash budget estimation

Đinh Đức Thắng, Chairman cum CEO of Stavian Quảng Yên Petrochemical Joint Stock Company, received technology transfer licenses under the witness of Deputy Prime Minister Trần Lưu Quang. — Photo courtesy of the firm The Stavian Quảng Yên Petrochemical Plant Project officially received the technology transfer licences for petrochemical technology to produce polypropylene (PP) resins from the Quảng Ninh Department of Science and Technology at Techconnect and Innovation Việt Nam 2023, under the witness of Deputy Prime Minister Trần Lưu Quang. Techconnect and Innovation Việt Nam 2023, with the theme “Innovation - Sustainable Development”, is a national-level event of significant importance, supporting businesses in the province to connect, transfer, and receive modern technologies to serve socio-economic development. The Stavian Quảng Yên Petrochemical Plant is being built on an area of 30ha in Bắc Tiền Phong Industrial Park, Tiền Phong Commune, Quảng Yên Town, Quảng Ninh Province. … [Read more...] about Quảng Yên Petrochemical plant granted technology transfer licences

Vietnam’s GDP in the first nine months of this year rises by 4.24% year-on-year. (Photo: VNA) Hanoi (VNA) – Vietnam’s gross domestic product (GDP) in the first nine months of this year rose by 4.24% from the same period last year, the General Statistics Office (GSO) announced on September 29. In the third quarter, the country's economic growth rate was estimated at 5.33% compared to the same quarter of 2022. The GSO assessed that although the nine-month growth rate is only higher than those in the same period of 2020 and 2021 in the past 12 years, it showed a positive trend of increasing gradually over the quarters: 3.28% in the first quarter, 4.05% in the second quarter and 5.33% in the third quarter. In the January-September period, the agro-forestry-fishery sector expanded by 3.72%, contributing 8.03% to the total added value of the entire economy. The growth rates of the industrial and construction sector and the service industry were 5.19% and 6.24% with … [Read more...] about Vietnam’s nine-month GDP increases by 4.24%

During the working session, the Nghe An provincial Party Committee’s Commission for Information and Education informed the delegates about the profound outcomes in the province’s socio-economic development in the first nine months of 2023 and the results of the commission’s recent activities. Also, delegates discussed how to raise the quality and efficiency of information dissemination of information about sea and islands in 2023 and the coming years. Speaking at the event, Senior Captain Tran Xuan Van emphasized that over the past years, the Naval Region 1 Command and the Nghe An provincial Party Committee’s Commission for Information and Education have closely worked together to effectively implement information dissemination on national sea and islands. In Nghe An province, Flotilla 137 coordinated with local authorities to carry out mass mobilization work, gratitude activities, cultural and artistic exchanges, sports events associated with information dissemination on national … [Read more...] about Naval Region 1 works with Nghe An province

1. Vi Lai Vi Lai is a well-established gem in Hanoi's vegetarian community, renowned for its attention to design and architecture that harmonizes with nature. The restaurant at 67 Ly Thuong Kiet Street, Hoan Kiem District, has four floors, each characterized by distinct themes. Of these options, the experience of dining on a lotus platform afloat on the water is particularly cherished by numerous patrons. A dining space on a lotus platform, floating on the water, at Vi Lai Restaurant. Photo courtesy of Vi Lai Vi Lai falls into the high-end category, offering dishes priced at around VND100,000 ($4) per plate, making it a suitable choice for hosting guests or special occasions. Some must-try dishes include pasta with rose and peach, bamboo shoot rolls, lotus root shakes, and bread with artichoke. 2. Chay Co Dam This restaurant at 68A Tran Hung Dao Street, Hoan Kiem District captivates passersby with its architecture reminiscent of Champa temples, featuring red … [Read more...] about Hanoi’s top 8 picks for vegetarian delicacies

The second-largest lottery winner in U.S. history has come forward to claim the $1.6 billion prize, but the person's identity may remain a secret for another 90 days, the Florida Lottery said on Wednesday. The Mega Millions jackpot was claimed on Monday, seven weeks after the Aug. 8 drawing, Florida Lottery said in a statement. Florida is one of 45 states plus Washington, D.C., and the U.S. Virgin Islands to participate in Mega Millions. The lottery went for 31 twice-weekly drawings without a winner until a ticket buyer at a Publix supermarket in Neptune Beach, about 15 miles (24 km) east of Jacksonville, matched all six numbers. Mega Millions said the $1.602 jackpot was the largest in its history, topping a $1.537 billion prize that was won in South Carolina in 2018. That would rank it second behind the record set in the rival Powerball lottery, which was a $2.04 billion jackpot for a ticket sold in California in November 2022, according to Powerball's website. The Florida … [Read more...] about Florida lottery winner claims $1.6 billion prize, but identity still secret

The country’s economic growth hit 5.33% year-on-year in the third quarter. Vietnam’s GDP in the first nine months expanded by 4.24% year on year, data from the General Statistics Office (GSO) showed today [September 29]. Data: GSO. Chart: Hai Yen/The Hanoi Times For the third quarter of this year, the country’s economic growth reached 5.33% compared to the same period last year. This growth rate only exceeds the figures for 2020 and 2021, which were significantly affected by the Covid-19 pandemic, but is still seen as a “positive trend”. Growth in the first quarter was a modest 3.28%, while the second quarter saw a slightly higher growth rate of 4.05% . Over the entire nine-month period, the GDP  grew by 4.24%, the lowest growth in 13 years during a time when the pandemic affected the economy. For 2023, the Government has set an ambitious target of 6.5% GDP growth, while the economy grew 8.85% last year . The primary driver of the economy … [Read more...] about Vietnam’s GDP growth expands by 4.24% in a 9-month period

GDP in the third quarter is estimated to have increased by 5.33 per cent on-year, the lowest growth seen since before 2011, apart from the pandemic years of 2020 and 2021. However, this is seen as positive when compared to the growth of 2023's previous quarters, 3.28 per cent in the first, and 4.05 per cent in the second. GDP has increased by 4.24 per cent over the first nine months of the year, also only better than the pandemic period. The government's target growth for 2023 is 6.5 per cent, while last year's was 8.85 per cent. The driving force for the economy continues to be the service sector, which has grown by 6.32 per cent since the start of the year. The industrial and construction sectors still face many issues, with demand falling by 1.65 per cent on-year. Manufacturing increased by 1.98 per cent, which was the lowest increase for the period 2011-2023. The trade surplus so far the year is estimated at $21.68 billion, compared to $6.9 billion last year. By Nguyen … [Read more...] about GDP growth rose in first nine months of 2023

International tourists are becoming increasingly drawn to Ho Chi Minh City. (Photo: VNA) Hanoi (VNA) – International tourists are becoming increasingly drawn to Ho Chi Minh City where they can discover its vibrant blend of cultures through standout tours. Of the total 25 million tourist arrivals that the city hosted during January – August, there are nearly 3 million foreigners, up 105.2% year-on-year. Local tourist sites such as Ben Thanh Market , Sai Gon Central Post Office , and the War Remnants Museum have been favoured among the visitors. Zuzanna Henel and Klaudia Witkowska from Poland said they are impressed by the “Biet dong Sai Gon” (Sai Gon Special Task Force) tour developed by Vietluxtour, during which they got a better understanding of Vietnam’s war time as well as stories about Sai Gon heroes. Visiting HCM City for the fourth time in ten years, Allan Andersen from Demark said he wants to enjoy walks along the streets as well as local foods such as … [Read more...] about HCM City increasingly appealing to foreign visitors

A foreign-invested footwear material factory in Thuan An city, Binh Duong province (Photo: VNA) Hanoi (VNA) – Many foreign press agencies have run articles featuring Vietnam’s economic growth, pointing to rosy signs in its recovery. French wire service AFP cited statistics by the General Statistics Office (GSO) showing the economy grew 5.33% in the July-September period from a year earlier, and that loan interest rate reductions, an extension of tax payments and increased public investment had a positive impact. Nikkei Asia also said the growth was accelerated thanks to tourism, noting “the services sector helped boost economic output during the three months through September, driven mainly by retail and tourism. The sector is estimated to account for about 40% of Vietnam's GDP.” “Travelers returned to popular destinations like the central city of Da Nang, with the number of foreign visitors entering the country from July to August reaching 2.25 million, already … [Read more...] about Foreign media upbeat about Vietnam’s economy

Health authorities in Ho Chi Minh City will launch a trial of treating people with mild to moderate depression without using medication, with the support of the World Health Organization (WHO), the municipal Department of Health has announced. The WHO Office in Vietnam has introduced the model of community-based depression treatment without drugs as part of a program that supports the city’s health authorities to implement the WHO Package of Essential Noncommunicable (WHO PEN) Disease Interventions, Prof. Dr. Tang Chi Thuong, director of the health department, said on Thursday. Accordingly, the health department will pilot this drug-free treatment approach in five health stations within this year, including one in An Thoi Dong Commune of Can Gio District and the four others in Tan Phu Trung Commune of Cu Chi District, Tan Hung Thuan Ward of District 12, Phu Trung Ward of Tan Phu District, and Ward 15 of Tan Binh District. Under the new model, people with mild to moderate … [Read more...] about Ho Chi Minh City to test no-drug approach for depression treatment