Fsee solutions for international growth

Brent crude futures crawled up 16 cents, or 0.2%, to $80.10 a barrel at 0022 GMT, while U.S. West Texas Intermediate (WTI) crude futures rose 15 cents, also 0.2% higher, to $73.54 a barrel. Last Friday, WTI and Brent slid 3% after strong U.S. jobs data raised concerns that the Federal Reserve would keep raising interest rates, which in turn boosted the dollar. While recession fears dominated the market last week, on Sunday International Energy Agency (IEA) Executive Director Fatih Birol highlighted that China's recovery remains a key driver for oil prices. The IEA expects half of global oil demand growth this year will come from China, where Birol said jet fuel demand was surging. He said depending on how strong that recovery is, the Organization of Petroleum Exporting Countries (OPEC) and allies, together called OPEC+, may have to reassess their decision to cut output by 2 million barrels per day through 2023. "If demand goes up very strongly, if the Chinese economy … [Read more...] about Oil prices edge higher as IEA’s Birol talks up China demand outlook

Great chances for Vietnam to switch to Web 3.0 (Source: netweb.vn) Hanoi (VNA) – As more information technology businesses invest resources into Web 3.0, coupled with the large number of users and coders, Vietnam sees great opportunities in the blockchain market in the Southeast Asian region, say experts. Web 3.0 was born from the natural evolution of older generation Web tools combined with advanced technologies such as artificial intelligence (AI), blockchain, and the connection between users and the Internet. In other words, Web 3.0 is an upgrade to its predecessors: Web 1.0 and 2.0. In recent years, foreign investors have flocked to Vietnam and established investment funds specialising in blockchain. Capital inflows into non-fungible token (NFT) assets also skyrocketed from 37 million USD to 4.8 billion USD in 2021, Finder reported. Experts explained that Vietnam has about 5.9 million people, or 6.1% of the population, who have exposure to blockchain-enabled … [Read more...] about Great chance for Vietnam navigate to Web 3.0: Experts

During their meeting, FM Son and Cambodian Deputy Prime Minister and Foreign Minister Prak Sokhonn were pleased with the fruitful developments of the bilateral relationship in recent times, and agreed to continue promoting the exchange of high-level visits via all channels, enhancing people-to-people exchange; maintaining and optimizing the effectiveness of existing bilateral cooperation mechanisms; fostering economic connections; strengthening cooperation between localities, especially those that share borders; and exerting effort to speed up tourism recovery. They also agreed to accelerate negotiations towards completing the remaining 16% of the land border demarcation and marker planting in order to build a common borderline of peace, friendship, cooperation and sustainable development between the two nations; and closely coordinate at regional and international forums as well as sub-regional mechanisms, and support each other's candidacy to multilateral organizations. Sokhonn … [Read more...] about Foreign Minister meets Cambodian, Philippine, Malaysian counterparts

Delegates at the 26th Meeting of ASEAN Tourism Ministers (Photo: VNA) Jakarta – Deputy Minister of Culture, Sports and Tourism Doan Van Viet has called on other ASEAN member countries to support and cooperate with each other in tourism development. Speaking at a press conference on the ASEAN Tourism Forum (ATF) 2023 in Indonesia on February 5, the official said apart from traditional markets that have experienced difficulties, ASEAN should seek new ones and adjust some policies relating to aviation connection and visas. He also suggested the bloc continue implementing tourism development strategies for 2016-2025 and adjust and update them after each meeting of ASEAN tourism ministers. Viet described culture as the core value of the regional tourism and a unique factor helping the countries attract tourists. Sharing Viet’s view, Philippine Tourism Secretary Christina Garcia Frasco also suggested the ASEAN countries come together to offer unified tourism packages. “We have … [Read more...] about Vietnam calls for ASEAN cooperation to spur tourism development

The philosophy that widely adopted in Vietnam demonstrates the close relationship between the two nations which are now leading trade partners of each other in ASEAN. Thailand and Vietnam have as close relationship that has been strengthened through different fields, including some initiated by late King Bhumibol Adulyadej. Thai Ambassador to Vietnam Nikorndej Balankura delivers a speech at the ceremony held in Hanoi on Dec 2. Photos: Minh Nguyen The Sufficiency Economy Philosophy (SEP) is the typical model found throughout Thailand and widely adopted in Vietnam. According to Thai Ambassador to Vietnam Nikorndej Balankura, SEP is a guideline cultivated by the late King that emphasizes how individuals and communities should establish strong basic economic foundations, through the core principles of moderation, reasonableness, and resilience, in order to ensure sustainable growth. Today, the SEP Project in Vietnam’s Northern Province of Thai Nguyen aims to … [Read more...] about Thailand’s philosophy promoted in Vietnam

Foreigners visit Ho Chi Minh City during the Lunar New Year (Tet) celebration. (Photo: VNA) Jakarta (VNA) – Deputy Minister of Culture, Sports and Tourism Doan Van Viet together with other tourism senior officials in ASEAN countries attended the 26th Meeting of ASEAN Tourism Ministers (M-ATM) that opened on February 4 in Yogyakarta, Indonesia . Participants in the event that is part of the ASEAN Tourism Forum( ATF) 2023 heard a report and gave comments on the results of the 57th meeting of the ASEAN National Tourism Organisations, considered the agenda of M-ATM 3 (ASEAN plus China, Japan, and the Republic of Korea); M-ATM-India and M-ATM -Russia; and attended consultations with international organisations. The meeting also reviewed and approved the Chairman's Statement and 26th meeting of M-ATM Minutes. Speaking at the event, Deputy Minister of Culture, Sports and Tourism Doan Van Viet said that 2022 witnessed a rapid recovery of the regional tourism industry. … [Read more...] about Vietnam attends 26th Meeting of ASEAN Tourism Ministers in Indonesia

VinAI Research Founding Director & CEO Bui Hai Hung presents flowers to speakers, and partners accompanying AI Day 2022 (Photo: VNA). Hanoi (VNA) – Artificial Intelligence (AI) Day 2022 officially opened in Hanoi on August 26, attended by both leading Vietnamese and foreign AI experts. The two-day event is organised by VinAI Research - the tech arm of Vingroup, the biggest conglomerate of Vietnam, with the support of the Ministry of Science and Technology, and the National Innovation Centre. It brings together leading researchers, policymakers and practitioners from all over the world to exchange on how AI is transforming societies, economies, and the environment. Under the theme of ‘Empower the Future’, AI Day 2022 features three tracks: AI for Global Equality, AI for Sustainable Development, and AI for Safety. Specifically, during the discussion on AI and Sustainable Development, speakers analyse the social and environmental impacts of designing, developing and … [Read more...] about AI Day 2022 kicked off, seeking ways to develop AI industry in Vietnam

According to Indonesian Foreign Minister Retno Marsudi, the meeting had substantive discussions on key issues, focusing on evaluating the implementation of ASEAN's Five-Point Consensus (5PC) on Myanmar; regional and international issues; and the relations between ASEAN and partners. Regarding Myanmar, Indonesia, as the ASEAN Chair in 2023, mentioned the implementation of 5PC, emphasizing that the consensus has important significance and demonstrates ASEAN's unity in solving issues related to Myanmar. ASEAN Foreign Ministers reaffirmed a unified approach to the implementation of the 5PC in order to settle the political crisis in the bloc’s member nation as well as to ensure humanitarian assistance programs for Myanmar people, especially the Rohingya Muslims. Regarding the theme of the meeting “ASEAN Matters: Epicentrum of Growth,” ASEAN member countries agreed on important contents to push towards positive outcomes, and mobilize resources to develop ASEAN Blue Economy Framework as … [Read more...] about ASEAN Foreign Ministers’ Retreat wraps up

Producing wooden furniture for export at Trieu Phu Loc Furniture Co., Ltd, Tan Uyen Town, Binh Duong Province. — VNA/VNS Photo Wooden furniture exports from Southeast Asian markets to Australia grew sharply in the past year, with Viet Nam leading the way on US$205.6 million, up 26.4 per cent year-on-year. Following Viet Nam is Malaysia with $101.9 million and Indonesia with $61.7 million. The proportion of wooden furniture imports from these three markets accounted for 22.9 per cent of the total value of wooden furniture imports into Australia. The Import-Export Department, Ministry of Industry and Trade, quoted statistics from the General Department of Customs saying that the export value of wooden office furniture reached $28.4 million in December, a year-on-year decline of 28.6 per cent. The export value of wooden office furniture reached $370.3 million last year, down 15.9 per cent over the same period in 2021. In the structure of wooden furniture exports last year, … [Read more...] about Viet Nam leads Southeast Asia in wooden furniture exports to Australia

A Vietjet aircraft. The company’s revenue in 2022 hit VND32.5 trillion, while profit was limited, reaching only VND215 billion. — VNA/VNS Photo Vietjet Air saw an impressive recovery after the COVID-19 pandemic as it recorded a year-on-year rise of 175 per cent in net revenue to VND7.35 trillion (US$313.4 million), and earned profit of VND902 billion in the last quarter of 2022. The company’s revenue in 2022 hit VND32.5 trillion, while profit was limited, reaching only VND215 billion. It also contributed over VND4.3 trillion worth of direct and indirect taxes, fees and charges to the State budget. Last year, the carrier transported 20.5 million passengers aboard 116,000 flights, in which domestic transport increased by 20 per cent compared to 2019 before the COVID-19 pandemic broke out. Vietjet opened more than 20 new routes in 2022, mainly to the Indian market. As of December 31, 2022, Vietjet had operated a total of 103 routes. In 2023, Vietjet expects high revenue … [Read more...] about Vietjet reports over VND900 billion in profit in Q4/2022