Speaking at the event, Standing Vice President of the Vietnam Youth Federation Central Committee Nguyen Hai Minh called on youths and local people to join the “Footsteps for the community” program to raise fund for the construction of the communal house. He emphasized that participating in the event will not only help raise public health, but also uphold and promote the communal tradition of ethnic minority groups. The sixth stage of the “Footsteps for the community” program will take place from August 6 to 28 in 63 provinces and cities across the country. The program targets to mobilize at least 1 million km of walking/running, equivalent to a donation of VND 1 billion, to support the building of a communal house for the Mang ethnic people in Nam Pi commune, Nam Nhun district. The program is a practical and significant activity for the Vietnamese youths to contribute their part to raising the material and spiritual life of ethnic minority groups in Vietnam. On the occasion, the … [Read more...] about Communal house built for Mang ethnic people
Ecmc summer youth program
Vietnam’s investment in education accounts 18% of total state expenditure
The cost of tutoring high school students is the largest amount for family spending at 43%. Vietnam's investment in education has steadily increased over the past 10 years, accounting for 18% of total state expenditure. Le Anh Vinh, Director of the Vietnam National Institute of Educational Sciences speaks at the event. Photo: VNIES The information was revealed by Le Anh Vinh, Director of the Vietnam National Institute of Educational Sciences (VNIES) under the Ministry of Education and Training at the conference announcing the analysis report on Vietnam's education sector in the 2011 - 2020 period, which was organized by the Vietnam National Institute of Educational Sciences and UNESCO on August 8. Investment in education over the past 10 years was still lower than the targeted 20%. It was equivalent to 4.9% of the country's GDP, higher than many nations in the region, according to the report. The Ministry of Education and Training is facing many challenges … [Read more...] about Vietnam’s investment in education accounts 18% of total state expenditure
North-Central-South tourism connectivity enhanced
At the conference In November 2020, leaders of the People’s Committees of seven localities signed an agreement on tourism development cooperation. The program will focus on state management of the tourism industry, the development of tourism human resources and tourist products, and tourism promotion. According to a report, seven cities and provinces received a total number of visitors of 17.7 million and earned VND63, 000 billion (US$2.7 billion) in tourism revenue in 2021. In the first six months of this year, the business outcome of tourism activities saw positive signs thanks to tourism reopening policies. The total number of tourists was estimated at around 32.9 million, including one million international visitors while the revenue from tourism was VND87, 900 (US$3.76 billion). Standing Vice Chairman of the People’s Committee of Quang Ngai Province, Tran Hoang Tuan speaks at the event. Speaking at the event, Standing Vice Chairman of the People’s Committee of … [Read more...] about North-Central-South tourism connectivity enhanced
Vietnamese picture books come back in favor
Vietnamese picture books come back in favor Only one month after its release, the Kim Dong Publishing House's series of picture books Chuyen o trong rung Vi vu (Stories in the Vi vu forest) of writer Truong Huynh Nhu Tran has been re-published. Being an author of children's literature, writer Huynh Nhu said that re-publishing of the picture books is of great pleasure for her as she has tried writing picture books just for a short time. With his experience in the publishing sector for years, Mr. Phan Cao Hoai Nam, editor of Kim Dong Publishing House, said that nowadays, children are afraid to read books with many words, so picture books are very much in favor. In addition, parents are so busy that they have spent little time reading books with their children; therefore, they resorted to short picture books to interact with their children. That is the advantage of picture books now, explained Mr. Phan Cao Hoai Nam. Several local authors such as Dao Trung Uyen, Phuong Huyen, … [Read more...] about Vietnamese picture books come back in favor
WB releases report ‘Educate to Grow’ on Vietnamese economic situation
According to the report, despite the challenging global economic environment, the outlook for the Vietnamese economy is still favorable according to the baseline forecast. Due to the impact of the low starting point, GDP is expected to grow by 7.5 percent in 2022 and 6.7 percent in 2023, when growth returns to pre-pandemic levels at 6.5-7 percent. Meanwhile, the average inflation is expected to fall around 3.8 percent in 2022, with the rising trend continuing in the second half of 2022. “The fuel price shock is expected to dissipate in 2023, but the second round of spillover effect continues to happen, and the forecasted GDP growth rate of 6.7 percent for the year will cause CPI to increase to 4 percent in 2023 before dropping to 3.3 percent in 2024,” the report said. According to WB experts, with travel restrictions lifted and international tourists gradually returning, the service sector has been recovering strongly. Export growth of manufactured and processed industrial products … [Read more...] about WB releases report ‘Educate to Grow’ on Vietnamese economic situation
More than 300 businesses attend ASEAN Online Sale Day 2022
ASEAN Online Sale Day 2022 kicked off on August 8, drawing more than 300 businesses from the region. (Photo: VNA) The three-day event is intended to promote cross-border e-commerce and open up cooperation opportunities for regional firms. Co-hosted by Cambodia – ASEAN Chair 2022, Singapore and Vietnam, the program has two tiers for domestic and cross-border transactions. There are currently 185 enterprises out of the 300 firms that have registered to conduct business in Vietnam. Information about the event as well as the participating businesses is available on its official website at www.onlineasean.com, which has been integrated into ASEAN’s website asean.org. Notably, the Online Dispute Resolution (ODR) will be applied during this year’s program to ensure rights and interests of consumers. Reputable e-commerce businesses and platforms in the ten ASEAN countries will launch a series of special discounts for consumers. Enterprises and platforms will coordinate to … [Read more...] about More than 300 businesses attend ASEAN Online Sale Day 2022
55th ASEAN Day Celebration solemnly held
“Thanks to the effective pandemic response and guided by the ASEAN Comprehensive Recovery Framework (ACRF) and its Implementation Plan, we have emerged safer, stronger, and more resilient as a community,” he said at the event, held by the ASEAN Secretariat at its headquarters in Jakarta to mark ASEAN’s 55th founding anniversary. ASEAN trade volumes have returned to pre-pandemic levels and the association’s economy is forecast to grow by 4.9% this year and 5.2% next year. “The entry into force of the Regional Comprehensive Economic Partnership (RCEP) earlier this year demonstrates ASEAN’s pivotal role in contributing to regional peace and growth, bettering the life of our people, and providing opportunities for all.” According to the Secretary General, in spite of these achievements, ASEAN must remain vigilant against the ever present risks to its recovery, including disruptions to the supply of key commodities, rising costs in food and logistics, and the economic slowdown in … [Read more...] about 55th ASEAN Day Celebration solemnly held
As profits disappear from NFT game Axie Infinity, so too do players
The HCMC office worker first heard of the NFT-based game last summer, and, after a few weeks of research, decided to invest US$1,000 into three non-fungible tokens linked to in-game characters called "axies." Axies and "smooth love potion" (SLP), the game’s reward for winning battles using axies, are its two selling points since they can be exchanged into money. Axies can also be "bred" with SLP and another token called AXS to produce new NFTs. Price of Axies, SLP and AXS suddenly surged last year, tracking the boom in the popularity of the game as players from developing countries found it a prominent source of income amid the Covid-19 pandemic. Kha then quit his job and invested all his savings in the game, but prices have fallen since the end of 2021 without any signs of recovery. In March its Ronin network was hacked, and some $625 million worth of Ethereum and USDC cryptocurrencies was stolen. An AXS token now is worth $18, a 10th of its peak price last year. Kha … [Read more...] about As profits disappear from NFT game Axie Infinity, so too do players
Vietnam Conference on Earth and Environmental Sciences held in Binh Dinh
At the conference (Photo: VNA) Hanoi (VNA) – The second “Vietnam Conference on Earth and Environmental Sciences” ( VCEES-2022 ) officially opened on August 8 at the International Centre for Interdisciplinary Science and Education ( ICISE ) in Quy Nhon city in the south-central coastal province of Binh Dinh. The Ministry of Science and Technology, ‘Rencontres du Vietnam’ Scientific Association, Vingroup Innovation Foundation (VinIF) and Hanoi University of Science & Technology have supported the organisation of the four-day event. This year’s conference sees the participation of 20 delegates from foreign countries such as France, Japan, Thailand, the Philippines, Indonesia and Malaysia. The participating scientists and students will look into nearly 100 reports on environment pollution, water treatment, hydro-meteorology and oceanography, aquatic science, remote sensing, plastic pollution, waste management, applied environment, along with regional climate … [Read more...] about Vietnam Conference on Earth and Environmental Sciences held in Binh Dinh
In Vietnam, online vendors seek ways to avoid taxes
After Vietnam's tax authorities enhanced the collection of taxes from traders on digital platforms, including social networks and e-commerce sites, many traders are seeking ways to avoid paying them or pass the buck to buyers. Shopping on websites, e-commerce platforms, and social networks is a national trend. E-commerce has boomed in Vietnam with revenue of some US$13.7 billion in 2021. The figure is forecast to reach $39 billion by 2025. However, the tax revenue from this sector has not risen commensurately its growth. Multiple tricks to avoid taxes Minh Thu, living in Thu Duc City, a district-level city in Ho Chi Minh City, said after ordering a pair of shoes from an online trader on Facebook, she was surprised as the trader announced that from August 1, customers must make payments in advance and the trader will not offer the cash-on-delivery (COD) service as earlier. Money transfer descriptions must not include the words 'buy' or 'sell,' but Facebook or Zalo … [Read more...] about In Vietnam, online vendors seek ways to avoid taxes