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US stocks rally again as China premier warns on Covid-hit economy, illustration photo source: freepik.com After a positive session in Europe, the S&P 500 finished Thursday's session up two percent, positioning the broad-based US index to potentially snap a seven-week losing streak depending on Friday's session. "The market was very oversold, and way overdue to bounce," Adam Sarhan of 50 Park Investment said shortly before the market closed. "And what's happening now, the market is bouncing pretty strong." Stock markets have taken a beating this year as central banks have begun to raise interest rates in order to curb the highest consumer price rises in decades. But US stocks pushed higher on Wednesday after investors took a positive view of the Federal Reserve minutes, which raised hopes that while the central bank would move aggressively to lift interest rates, it might be able to halt additional rate hikes as soon as this summer if inflation recedes. Wall Street kept … [Read more...] about US stocks rally again as China premier warns on Covid-hit economy

Check out the news you should not miss today: Society -- Sixty-three people were found using narcotics after police officers raided a club in Ho Chi Minh City in the small hours of Friday. -- Three sanitation workers and residents leapt into a lake to save a mother who was carrying her two children when she committed suicide by jumping off a bridge in the northern province of Thanh Hoa on Friday afternoon. -- A tree was uprooted in downtown Ho Chi Minh City, crushing a passing automobile during the prolonged rains and strong winds that hit Ho Chi Minh City on Friday evening. -- Police in the southern province of Binh Duong on Friday arrested two suspects for their involvement in a drug trafficking ring where over one kilogram of methamphetamine was confiscated. -- From January through April, the enforcement team at Ho Chi Minh City's bus stations, ferry terminals, and water terminals sanctioned five instances of smoking in public and warned 592 cases, the Center for … [Read more...] about Breakfast @ Tuoi Tre News – May 28

The AFD and EU have been actively supporting Vietnam in the areas of climate change mitigation and adaptation. Vietnam will receive financial aid from the EU and the Agence Française de Développement (AFD) to reduce the vulnerability to climate hazards in several towns in four northern and central provinces. The project is jointly co-financed with a EUR5 million (US$5.36 million) grant from the EU, a EUR123 million ($132 million) ODA loan from the AFD, and EUR 28 million ($30 million) from provincial budgets. The principal goal is to help localities adapt to climate change and recover from natural disasters such as flooding, typhoons, and drought. Delegates attend the launching ceremony. Photo: the Embassy of France in Vietnam The regional towns include Phat Diem in the northern province of Ninh Binh, Ngoc Lac in the central province of Thanh Hoa, and Hoang Mai in the central province of Nghe An, Huong Khe, and Thach Ha in the central province of Ha Tinh. … [Read more...] about AFD, EU strengthen urban climate resilience in Vietnam

AFD will assist the Hanoi government in developing priority programs such as improving air quality, wholesale markets, urban logistics, waste management and treatment, among others. The Agence Française de Développement (AFD) is willing to support Hanoi in transport, urban and environmental projects, Country Director of AFD Fabrice Richy said at a meeting with Chairman of the municipal People's Committee Nguyen Duc Chung in Hanoi on November 25. Fabrice Richy stressed that AFD has maintained a long standing relationship with Hanoi. Under the cooperation agreement, AFD will assist the Hanoi government in developing priority programs such as air quality improvement, wholesale markets, urban logistics, waste management and treatment, among others. Country Director of AFD Fabrice Richy and Chairman of the municipal People's Committee Nguyen Duc Chung. Photo: Thuy Linh The investment program will focus on building smart cities, developing cities sustainable and … [Read more...] about AFD willing to support Hanoi in transport, urban and environment projects

Land and housing prices have increased by 20-25 per cent in urban areas. — VNA/VNS Photo Experts have warned that the high rate of inflation will cause the domestic housing market to continuously see prices increase, but liquidity decrease. According to real estate consultant Le Quoc Kien, the market from the middle of last year until now has seen low transactions as the land and housing prices have increased by 20-25 per cent in the urban areas and 30 per cent in the suburban areas. Meanwhile, the price has surged by 50 per cent in the neighbouring provinces. Therefore, he predicts that investors who do not face the pressure of bank debt will not sell real estate in the next 6-12 months because they will have to look for other assets. They do not want to keep cash in a period of high inflation. Meanwhile, investors who suffer pressure from banking loans will be forced to sell property when inflation is high. According to the General Statistics Office, core inflation in April … [Read more...] about Housing market sees price increase, liquidity decrease

HÀ NỘI — The Australian-funded Gender Responsive Equitable Agriculture and Tourism (GREAT) programme hosted a symposium, Engaging Women in Markets – Scaling up Local Successes Nationwide, in Hà Nội on Friday. Throughout the day, the GREAT programme team and Government of Việt Nam representatives discussed evidence and lessons learned from the GREAT Programme that can help inform Việt Nam’s National Target Programmes (NTPs) implementation. The NTPs and GREAT both aspire to stronger socio-economic opportunities in Việt Nam’s northwest region, particularly for the ethnic communities that call the region home. Australian Ambassador Robyn Mudie talks to a successful woman joining the project in Sơn La Province at the symposium. Photo Phạm Huy GREAT is Australia’s most significant gender investment in Việt Nam, totalling AU$33.7 million (US$24.1 million). The programme works with businesses, NGOs, government and civil society partners to build more inclusive business and market … [Read more...] about Australia and Việt Nam work together on gender equality for stronger economies

The workshop takes place on Friday at the Intercontinental Landmark 72 Hotel, Hà Nội. — Photo VNA/VNS Anh Đức HÀ NỘI — "Việt Nam is consistent in protecting and promoting human rights to meet the goal of 'human rights for all'," said a foreign affairs official. "At the Universal Periodic Review of the UN Office of the United Nations High Commissioner for Human Rights (OHCHR), Việt Nam accepted and enacted many recommendations to protect vulnerable groups," Lê Thị Thu Hằng, Assistant to the Minister of Foreign Affairs and spokesperson for the ministry, told an international workshop on Friday. The event titled "Protection against Violence and Discrimination Based on Sexual Orientation and Gender Identity: International and Việt Nam's Experiences" was jointly organised by the Ministry of Foreign Affairs (MoFA) and the United Nations Development Program (UNDP) in Hà Nội. "Legal frameworks and policies to counteract against violence and discrimination based on sexual … [Read more...] about Việt Nam continues to strengthen cooperation to fight against LGBTQ+ discrimination

A serious landslide has happened in the northern mountainous province of Thai Nguyen, causing 22 local residents to be evacuated. The incident occurred in Cho Chu Town in Dinh Hoa District on Thursday morning. A large amount of soil and rock fell from Tan Mountain onto a road. A local house’s gate was damaged by the rocks. The landslide occured in Cho Chu Town on Thursday morning Luckily, no one was injured in the incident. Local authorities immediately held a meeting on the issue. Right after that, six households with 22 people in total were relocated. Dinh Hoa District has been facing heavy rain since May 22 with 23 local houses damaged. Around 120 hectares of rice and crops and 14 bridges have been flooded. The authorities have had to clear 800 cubic metres of soil and rocks resulting from landslides. … [Read more...] about Thai Nguyen residents evacuated due to severe landside

Australian Ambassador Robyn Mudie talks to a successful woman joining the project in Son La province at the symposium. (Photo: VNA) Hanoi - The Australian-funded Gender Responsive Equitable Agriculture and Tourism (GREAT) programme hosted a symposium, Engaging Women in Markets – Scaling up Local Successes Nationwide, in Hanoi on May 27. Throughout the day, the GREAT programme team and Government of Vietnam representatives discussed evidence and lessons learned from the GREAT Programme that can help inform Vietnam’s National Target Programmes (NTPs) implementation. The NTPs and GREAT both aspire to stronger socio-economic opportunities in Vietnam’s northwest region, particularly for the ethnic communities that call the region home. GREAT is Australia’s most significant gender investment in Vietnam, totalling 33.7 million AUD (24.1 million USD). The programme works with businesses, NGOs, government and civil society partners to build more inclusive business and market systems … [Read more...] about Australia, Vietnam work together on gender equality for stronger economies

Foreign Ministry Spokeswoman Le Thi Thu Hang speaks at the workshop in Hanoi on May 27. (Photo: VNA) Hanoi (VNA) – Vietnam has been pushing for legal reforms to provide suitable regulatory framework against all types of discrimination on the basis of sexual orientation and gender identity, Foreign Ministry Spokeswoman Le Thi Thu Hang told a workshop in Hanoi on May 27. Vietnam is pursuing consistent policies on protecting and promoting human rights , particularly basic rights to freedom stipulated in the 2013 Constitution and related legal documents, she said when delivering an opening remark at the “International Workshop on Protecting Against Violence and Discrimination Based on Sexual Orientation and Gender Identity: International and Vietnam’s Experiences” held by the Ministry of Foreign Affairs in collaboration with the UN Development Programme ( UNDP ). As clearly stated in Vietnam’s candidate’s statement to the UN Human Rights Council (UNHRC), Vietnam wishes … [Read more...] about Vietnam pushes for better legal framework against discrimination based on sexual orientation, gender identity