Forecast hit the d with 84

The storm is forecast to cause heavy downpours and rough seas in the northern region, including Hanoi, in the coming days. A tropical low depression has strengthened into a tropical storm named Mulan, which will hit the northern coast of Vietnam early on August 11 morning, according to the National Center for Hydrometeorological Forecasting (NCHMF). Mulan is the second tropical storm to have formed in the East Sea this year and will enter Vietnamese waters shortly, the center said, adding that its center was 480 kilometers from Mong Cai in the northern province of Quang Ninh this morning with winds of up to 62-88 kilometers per hour (kph). Storm Mulan is heading toward northern Vietnam. Photo: NCHMF Over the next 24 hours, it would move west-northwest at a speed of 15-20 kph. The storm is forecast to enter the Gulf of Tonkin tonight, causing heavy downpours and rough seas in the northern region, including Hanoi, in the coming days, the NCHMF noted. At … [Read more...] about Tropical storm Mulan to hit northern Vietnam tomorrow

Muong Nhe district in the northwestern mountainous province of Dien Bien was hit by an earthquake measuring 3.6 on the Richter scale hit on August 10. A magnitude 3.6 earthquake hit Muong Nhe district in the northwestern mountainous province of Dien Bien on August 10 morning. The tremor was detected at 3:29 p.m. on August 10, although no damage or casualties were reported following the incident. Nguyen Xuan Anh, head of the Institute of Geophysics, said the quake had a seismic focus at a depth of 12km, with the Earthquake and Tsunami Warning Centre operating under the institute tracking the quake. This comes after Laos’ Phongsaly province, which shares a borderline with Dien Bien, was rocked by several earthquakes ranging from magnitude 3.0 to 5.5 in late December. Among them, a 5.5 magnitude which hit on December 24 was felt in many provinces and cities across Vietnam. Most recently, a 4.5 magnitude earthquake shook Dien Bien Dong district in the … [Read more...] about Dien Bien hit by magnitude 3.6 earthquake

LONDON -- Supplies of a vaccine to prevent the deadly rotavirus infection in children have either run out in Kenya, Tanzania, Senegal and Cameroon or are close to doing so, officials close to the roll-out told Reuters , after disruptions at drugmaker GSK. The World Health Organization estimates that up to 200,000 children die each year of the highly contagious infection, which is the leading cause globally of severe, dehydrating gastroenteritis in children under the age of five. Officials in Kenya, Tanzania, Senegal and Cameroon had no immediate response to requests for comment from Reuters . GSK confirmed that there is a shortfall of around 4 million doses of its Rotarix vaccine this year, with a drop to 42 million from an expected 46 million. The British drugmaker had already cut its agreed deliveries by 10 million a year for the period 2022-2028, Gavi, the Vaccine Alliance, said. GSK acknowledged the fall in supply and said it was pursuing plans to address the … [Read more...] about Rotavirus childhood vaccine shortage hits four African countries

Vietnam’s economy is rebounding from the COVID-19 crisis, with its gross domestic product (GDP) expected to jump to a 7.5 percent growth rate in 2022 from a 2.6 percent increase last year , while inflation is projected to stay at 3.8 percent, according to a World Bank (WB) economic update for the country. The WB released the predictions in the report 'Taking Stock: Educate to Grow,' its bi-annual economic outlook for Vietnam released on Monday. The report said the Vietnamese economy started to rebound in the fall of 2021, when high vaccination rates enabled the government to reopen the economy along with gradually removing restrictions due to COVID-19 that hit the country in early 2020. Vietnam was one of the few countries that managed to grow economically during the pandemic, with the economy bouncing back swiftly thanks to its resilient manufacturing and a robust rebound in services, the report commented. The country’s GDP expanded 5.2 percent year on year in the last … [Read more...] about Vietnam likely to record 7.5 percent GDP growth this year: World Bank

ABB DC Fast Charger at Audi Tan Binh Centre in HCM City. — Photo courtesy of ABB ABB E-mobility was selected to deliver its market-leading electric vehicle chargers in Viet Nam to launch the new all-electric Audi e-Tron GT Quattro, Audi’s first electric car to hit the Vietnamese market. To deliver a premium charging experience for Audi, ABB had a range of charging solutions for Audi Tan Binh, the most extensive service centre of Audi in the country, which serves customers in the south. ABB charging solutions include AC wall box chargers ranging from 7kW to 22kW and DC chargers ranging from 24kW to 180kW. Located outdoors for easy access, the Terra 184 DC fast charger is a modular DC fast charging system with high output current capabilities. The CCS2 charge post offers a wide range of output voltage from 150-920VDC and can deliver up to 375A and 180kW continuously, making it a highly flexible solution. The Terra 184 DC charger can add 100 miles of range in as little as 10 … [Read more...] about ABB and Audi cooperate to drive e-mobility adoption in Viet Nam

A positive economic outlook gives employers in Vietnam confidence to increase recruitment in the second half of 2022, though not as high as the previous six-month period. The hiring intentions of Vietnam’s employers are estimated to increase in the second half of 2022, as positive growth rates are reported in various sectors. Remarkable economic recovery drives hiring intentions in H2/2022. Photo: Nguyen Viet Thanh/ILO Vietnam This forecast was announced in the Vietnam Employment Outlook Survey Q3 & Q4 2022 by ManpowerGroup Vietnam. About 88% of the surveyed enterprises plan to increase or at least maintain the current headcounts as compared to 95% of the equivalent index in the first half of 2022. The strongest recruitment intentions were reported in Manufacturing & Processing, Wholesale, Retail & Trading, Banking & Finance, Professional Consulting Services, Construction, Food & Beverage & Hospitality - Accommodation and Real Estate. … [Read more...] about Economic recovery drives hiring in H2/2022

The scene of the meeting. (Photo: SGGP) The Standing Office of the National Steering Committee for Natural Disaster Prevention and Control held a meeting with ministries, sectors, and localities on August 10 to discuss measures to respond to the storm. Nguyen Van Tien, Deputy General Director of the Vietnam Disaster Management Authority and deputy chief of the committee’s office, said as Storm Mulan was forecast to cause heavy rains in many areas, therefore ministries, sectors, and localities need to seriously carry out the official dispatch issued by the committee on August 9. They need to monitor vessels working at sea, keep frequent contact with vessel owners to deal with any circumstance in a timely manner, guide them to seek shelter, and ready personnel and equipment for search and rescue when necessary. Localities were told to ensure safety for people and assets on islands and aquaculture zones, transportation vessels, as well as tourism and construction activities at … [Read more...] about Localities demanded to promptly brace for storm Mulan

With the theme A World Beyond Cash – Accelerating, Innovating, Connecting you to Priceless Possibilities , the forum has helped sketch the big picture of the current payment landscape, drawing the ways how Mastercard and its key partners join hands to increase the capability of payment and better serve the population in Vietnam. Vietnam is now among the fastest-growing economies in Asia-Pacific, experiencing the fourth payment revolution and showing great growth potential, thanks to a young population with a digital mindset. Despite the negative impacts brought by the pandemic, the Asian Development Bank forecasts that the country’s GDP will reach 6.5 per cent in 2022, increasing 2.5 times from 2021’s figure and reflecting the most impressive economic recovery across Southeast Asia. In 2021, apart from maintaining a positive GDP figure, Vietnam recorded a 13 per cent increase in credit growth and a 9 per cent increase in foreign investments, alongside the $21 billion valued … [Read more...] about Mastercard celebrated its Customer Forum 2022 for Vietnamese partners

Localisation favoured by overseas banks, Photo Shinhan Bank Vietnam Shinhan Bank last week expanded its footprint in Vietnam by opening three new branches in the country’s two most populous cities, solidifying its position as the largest foreign lender currently active in the Southeast Asian nation. The bank said it has established a new branch in Hanoi, in addition to two branches in Ho Chi Minh City. This brings the total number of the bank’s offices in Vietnam to 46. “The new branches help us to maintain the largest sales network in Vietnam among all foreign banks operating there,” the bank said. “We expect that such a network will build a friendlier brand image across Vietnam, and in that regard, we will strive to offer better services.” In May, Shinhan Financial Group announced an agreement, worth roughly $90 million, to acquire a 10 per cent stake in Vietnam’s e-commerce platform Tiki. Its two units, Shinhan Bank and Shinhan Card, purchased 7.44 and 2.56 per cent … [Read more...] about Localisation favoured by overseas banks

McKinsey and Company on August 3 released the report “Can Vietnamese banks seize the green bond opportunity?”, which analyses the preconditions leading to the growth of green-bond markets and urges Vietnamese banks to take timely action to reap the rewards from this segment. New solutions in green finance are crucial because the climate transition is accelerating, Photo: Shutterstock The report indicates that the demand for financing of projects with environmental benefits in Vietnam has grown year by year, totalling more than $10 billion annually from 2018 to 2020 and $21 billion in 2021. This increase is forecasted to continue, based on market momentum, Vietnam’s latest draft of Power Development Plan VIII, and the country’s net-zero commitments. Finance-wise, McKinsey estimates that issuing bonds for environmental, social, and governance (ESG) projects may bring Vietnam’s financial institutions roughly $1.7 billion in revenue by 2025, with $1.5 billion coming from … [Read more...] about New finance instruments in play for climate future