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2In 2023, revenues of Vietnam’s e-learning market are expected to reach around $3 billion with a compound annual growth rate of about 20.2 per cent during 2019-2023, according to a report by Ken Research. Photo: doanhnhansaigon.vn Hanoi – Experts are positive about the development of Vietnam’s education technology (edtech) market in 2023 if local edtech companies can overcome post-pandemic challenges. Pham Giang Linh, managing director of Galaxy Education told the Tuoi tre (Youth) newspaper that Vietnam’s edtech market was formed in 2006 and 2007 – the first development stage of the digital economy in the country, but it only attracted wide attention in the period from 2020-2021, when demand for e-learning increased sharply due to the COVID-19 pandemic. In 2022, Vietnam saw the establishment of more than 100 edtech startups which strongly attracted capital from foreign investors, he said, citing examples like Topica, ELSA, ColderSchool, Edmicro, Vuihoc, and Educa, which … [Read more...] about 2023 – Time for edtech to thrive in Vietnam

Le Trung Kien, Head of Hai Phong Economic Zone Management Board presents gifts to representatives of Nomura-Haiphong Industrial Zone Development Corporation (investor of Nomura Hai Phong Industrial Park) (Photo: VNA) Hai Phong (VNA) – Hai Phong will always accompany with and create optimal conditions for investors, vowed Nguyen Trung Kien, head of the Economic Zone Management Board of the northern port city, during a meeting with foreign-invested businesses in the city on January 31. Kien thanked the firms for choosing Hai Phong as their long-term investment destination, expressing his hope that the partnership between the two sides will continue to be strengthened, benefiting both sides. He said that 2023 is predicted to be a tough year, but local authorities will support and give best conditions for businesses to overcome common difficulties of the world economy. In following years, Hai Phong will continue to expand industrial parks and clusters, while improving … [Read more...] about Hai Phong pledges optimal conditions for investors

96 per cent of urban household wastes to be safely processed in 2023. - Illustrative image (Photo:VNA) Hanoi – Vietnam targets having 96 per cent of urban household wastes collected and processed up to standards this year, said Director of the Ministry of Natural Resources and Environment’s Vietnam Environment Administration Hoang Van Thuc. Up to 92 per cent of operating industrial and processing areas will have concentrated wastewater treatment systems while 40 per cent of household wastes will be processed through incineration, electricity generation, and recycling models instead of landfilling, Thuc said. Last year, Vietnam’s recycling industry expanded by 11.3 per cent annually, placing the country the 10th globally in terms of metal, plastic, paper and glass recycling, laying a foundation for circular economic development The Vietnamese Government has set a goal to raise the rate of solid waste collected and safely treated to 100 per cent in 2050 as part of the approved … [Read more...] about 96 per cent of urban household wastes to be safely processed in 2023

Illustrative image (Photo: VNA) Hanoi - The prospect of economic growth and market upgradation is the driving force to attract cash flow into the stock market. Vietnam is among the world's fastest-growing economies with an average GDP growth rate of about 6.5% per year in the period before the COVID-19 pandemic. The target of economic growth in 2021-2025 at 6.5-7% per year was set out at the 13th National Party Congress despite the fact that the economy was severely affected by the COVID-19 pandemic in 2021. However, VinaCapital forecasts that this growth can still be maintained in the 2023-2025 period. High economic growth will support companies listed on the stock market. In 2023, the business results of listed companies may be affected by the slowing growth of exports and consumption and high interest rates. The earnings per share (EPS) growth is forecast to be in single digits in 2023. However, from 2024, when inflationary pressures are gone, central banks around the … [Read more...] about Economic growth and market upgrade to draw capital

Singaporean Minister-in-charge of Trade Relations S Iswaran and European Commissioner for Internal Market Thierry Breton sign the EU-Singapore Digital Partnership on February 1, 2023. (Photo source: Channelnewsasia) Brussels – The European Union (EU) and Singapore on February 1 signed in Brussels the EU-Singapore Digital Partnership (EUSDP) that will lead to a digital trade agreement to enable consumers and businesses to transact online more seamlessly and at lower costs. The pact aims to boost participation in the digital economy by imparting relevant skills to workers in both jurisdictions and transforming their businesses and public services. Other areas of collaboration include digital trade facilitation, trusted data flows, electronic payments and standards. The deal will also focus on emerging areas such as artificial intelligence, digital identities, and 5G/6G communication networks. Signatories were Singapore’s Minister-in-charge of Trade Relations S. Iswaran and … [Read more...] about EU-Singapore launch digital partnership

In Singapore (Photo source: AFP) Singapore - Singapore's manufacturing outlook may continue gloomy in the first quarter of 2023, after its manufacturing output shrank for a third consecutive month in December last year, said economists. According to data released by the Economic Development Board (EDB) of Singapore, the industrial production in last December fell 3.1 per cent compared to the same period of the previous year, making this the third consecutive month of decline. Excluding biomedical manufacturing, Singapore’s output increased by 0.3 per cent year-on-year. Output for the chemicals, precision engineering and general manufacturing clusters also declined on a year-on-year basis at 9.5 per cent, 4.1 per cent and 2.8 per cent respectively. The electronics sector was one of two clusters that saw output growth in December, after five consecutive months of decline. However, most economists believe that the electronics industry's recovery may be temporary. Selena … [Read more...] about Singapore’s production sector predicted to remain gloomy in Q1

After more than a year with a lot of efforts in scientific works, he was honored as the youngest among the top ten scientists receiving the Qua Cau Vang (Golden Globe) Awards in 2022. Overcoming hardships Luong Van Thien was born to a farmer family in a poor village of Yen Thanh commune, Yen Mo district, Ninh Binh province. He remembered when he was a student, his parents had to work as hired laborers to pay for his education. Thien often asked for old books to self-study. He took time to study and made great efforts to acquire knowledge. After entering the Luong Van Tuy Gifted High School, he won numerous national-level mathematics competitions. In 2010, he was admitted to the Hanoi Medical University, but he chose to enter the Faculty of Electronics and Telecommunications of the Hanoi University of Science and Technology. At first, his parents did not agree with his choice, but then they believed in his decision because he passed the exam to the school's talented engineer … [Read more...] about Desire to dedicate to the country

Miss Universe Vietnam 2017, H'Hen Nie, will be the Communication Ambassador for the 8th Buon Ma Thuot Coffee Festival which will be held in the Central Highlands Province of Dak Lak from March 10 -14. Miss Universe Vietnam 2017, H'Hen Nie, besides a coffee tree. This year's festival is expected to be held on a larger scale compared to previous events and aims to promote Buon Ma Thuot coffee, develop Vietnamese speciality coffee, and honour domestic coffee growers and businesses, the organiser said. The coffee festival will also create an opportunity for Dak Lak to introduce its potential and tourism strengths, as well as promoting investment into coffee trading and processing, and other agricultural products. The 2023 Buon Ma Thuot Coffee Festival will feature 18 main events organised in Buon Ma Thuot City and some other activities held across Dak Lak Province. Some of the main events include a provincial investment promotion conference, a coffee trade … [Read more...] about Miss Universe Vietnam H’Hen Nie to become coffee festival ambassador

Hanoi expects to market its brand as an attractive tourism destination in the region and the world and disseminate the city’s image in major source markets. Hanoi will continue to intensify tourism promotion on foreign TV channels, mobile apps, and social media as stated in the local government's project on developing investment, trade, and tourism in the coming time. Accordingly, the city continues to strengthen communication activities, such as broadcasting advertisements on CNN and other international media, websites, and social networking platforms (Youtube, Facebook) with the message "Hanoi - Come to love" and "Hanoi - A safe and attractive tourist destination." The Huc Bridge - a small bridge over Hoan Kiem Lake to enter the Ngoc Son Temple in Hanoi. Photo: Vinh Pham/The Hanoi Times By 2023, the capital city expects to advertise itself as an attractive tourist destination in the region and the world, while boosting promotion in major markets … [Read more...] about Hanoi boosts tourism promotion

The annual festival is held as a religious ritual dedicated to the god of agriculture to win his blessing for verdant crops and prosperity for villagers throughout the year. It consists of an offering ritual, a ploughing ceremony and folk games. According to Chairman of the Ba Be district People’s Committee Luu Quoc Trung, over the past years, tourism in the locality has been developed, attracting hundreds of thousands of visitors and becoming a key economic sector of the district. Therefore, the district attaches much importance to preserving and promoting cultural identities of local ethnic groups. At the end of the festival, people had a chance to experience a cultural space, featuring local people and land. They also enjoyed local food and joined an art exchange, together with playing folk games. In addition, visitors could enjoy the beauty of Ba Be - the largest freshwater lake in Vietnam, buy OCOP (One Commune, One Product) and local agricultural products. “This is the … [Read more...] about Long Tong festival held in Bac Kan province