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In 2008, the US investment bank Bear Stearns, on the verge of collapse, had to be rescued by J.P. Morgan. This marked the beginning of the global financial crisis of 2008, which sent the global economy into a deep recession and caused significant economic damage, including massive employment losses. Patrick Lenain, senior associate at the Council on Economic Policies Today, several banks are once again in trouble. As of March 22, four large banks were in distress. Silicon Valley Bank (SVB), a $212 billion US bank specialising in tech startups, collapsed when it was unable to meet deposit withdrawal requests and had to be taken over by federal regulators. A few days later, Signature Bank, another midsized US bank with assets of $110 billion, also suffered a severe liquidity crisis and was seized by federal regulators. This was followed by First Republic Bank with assets of $205 billion, which was hit by rating downgrades and a tumbling share price and had to be … [Read more...] about Developments for Vietnam to watch in midst of bank crisis

Science, technology, and innovation play a crucial role in improving labor productivity, competitiveness, and the socioeconomic development of any country. Women's access to and participation in science, technology, engineering and mathematics (STEM) will create more opportunities for them to equally benefit from advances in science and technology while protecting themselves from the challenges of the 4.0 technology era. Australian Ambassador to Vietnam Andrew Goledzinowski made the statement at an international forum on "Women, Cybersecurity and STEM" held in Hanoi today [March 29]. At present, the concept of society on a digital platform is very familiar to people, but he said there are also negative discussions and comments. Australian Ambassador to Vietnam Andrew Goledzinowski makes a speech at the forum. Photo: The Vietnam Women's Union Therefore, in terms of gender equality, it is necessary to pay attention and come up with practical … [Read more...] about STEM Education: Opportunities for women’s mastery of science and technology

The CEO and Regional Head, Client Coverage, Americas, Standard Chartered, shared his view on Vietnam's significance for US businesses and why Vietnam is potential for foreign investors. Vietnam has gone from being a frontier economy in ASEAN to a flourishing, cost-effective industrial nation. Firms and investors looking for new markets to grow, source, or manufacture their products – especially in Asia – should consider Vietnam’s long-term potential and stay updated on its opportunities. Steven Cranwell, CEO and Regional Head, Client Coverage, Americas, Standard Chartered. Photo: Standard Chartered In recent years, Vietnam has benefited from the trade tensions between the US and China. With US companies adopting a ‘China plus one’ approach to their supply chains, the percentage of exports from Vietnam to the US has risen by approximately nine percent between 2018 and 2021. It is, however, important to note that Vietnam has been an alternative to China … [Read more...] about The significance of Vietnam for US businesses and why they should take notice: Standard Chartered

It is evident that organic production methods yield better economic returns and enhance the quality, competitiveness, and value of agricultural products. Hanoi has successfully implemented several organic farming models that align with modern agricultural development trends and have brought significant economic benefits to farmers. Organic rice cultivation model in Thanh Van Commune, Thanh Oai District, Hanoi. Photos: Anh Ngoc/The Hanoi Times In 2022, the Hanoi Agricultural Extension Center launched an organic rice production model on 20 hectares of land in Thanh Van Commune and Kim Bai Town, Thanh Oai District, according to which the production process involves the use of organic fertilizers and biological products instead of chemical fertilizers and pesticides in the rice area. A yield of 5,730 kg per hectare using organic production has been achieved with this approach. This model is expected to be replicated in other communities in the district this … [Read more...] about Hanoi promotes high-quality organic farming models

The terraces from above The floret terraces are about 20 kilometres from central Hanoi The hills don a creamy white and golden coat of hoa cai flowers in the spring The terrace of hoa cai florets could be a beautiful background for any movie Covering 3 hectares, the hoa cai flowers offer a picturesque spot to take photos The terraces are less than an hour from the capitol, ideal for a family get-together on weekends The one-of-a-kind botanical terrace is in the heart of Dan Phuong eco-urban area "Snow-white" flowers showering Hanoi atmosphere Vnexpress … [Read more...] about Heavenly flower terraces in the outskirt of Hanoi

Bangkok (VNA) - The Thai government will fully support this year's Songkran Festival , which takes place from April 13-15, with 17 – 20 million people expected to travel around the country next month. According to Government spokesman Anucha Burapachaisri , Prime Minister Prayut Chan-o-cha had ordered state agencies to prepare grand events for the holiday. The expected number of tourist represents a significant increase from the COVID-19 pandemic period. Anucha said the government has launched campaigns to encourage people to enjoy trips and travel during public holidays between now and September under the Tourism Authority of Thailand's "Visit Thailand Year: Amazing New Chapters" scheme and such campaigns as We Travel Together, Wonder Deal and Secret Code 365. To ensure safety, visitors are encouraged to install the "I Lert U" smartphone application, which allows users to report issues and request assistance. Moreover, it locates the caller and sends help using the … [Read more...] about Thailand expects 17-20 million travelers during Songkran Festival

Trade Counselor Le Phu Cuong at the Vietnamese Embassy in Malaysia . (Photo: VNA) Kuala Lumpur (VNA) – The Vietnamese and Malaysian economies are of a similar size and complement each other, Trade Counselor Le Phu Cuong at the Vietnamese Embassy in Malaysia has said. In an interview with a Vietnam News Agency correspondent based in Kuala Lumpur on the occasion of the 50th anniversary of the countries’ diplomatic relations (March 30, 1973 - March 30, 2023), Cuong said Vietnam boasts advantages in terms of labour and development potential, while Malaysia's are in capital and deep integration into the world economy. Malaysia’s market is not too large in size but diverse in segment and , with its consumers’ characteristics generally similar to Vietnam, he said, adding that its Halal requirements are the biggest difference to note. According to the official, the two countries’ trade and investment relations have developed for a long time since Vietnam integrated into … [Read more...] about Vietnamese, Malaysian economies boast similarities, complementations: trade counselor