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People shop for food at a market in Aceh - westernmost province of Indonesia. (Photo: AFP/VNA) Jakarta (VNA) – The Indonesian government plans to spend 476 trillion Rp (31.8 billion USD) on social assistance protection as the country is transitioning from the COVID-19 pandemic to the endemic disease phase. Indonesia’s President Joko Widodo said that his government will not abruptly revoke the massive spending on social programmes aimed at helping the people and businesses cope with the devastating economic impact of the pandemic over the last three years. Speaking at a recent meeting of the National Committee for COVID-19 Handling and National Economic Recovery (PC-PEN), Joko Widodo said that after lifting restrictions at the end of 2022, Indonesia is in an interim phase in which it must maintain caution, especially in deciding on economic measures. In contrast to other nations that have recently experienced high inflation, according to the President, Indonesia has … [Read more...] about Indonesia to spend nearly 32 billion USD on post-pandemic social protection

After more than a year with a lot of efforts in scientific works, he was honored as the youngest among the top ten scientists receiving the Qua Cau Vang (Golden Globe) Awards in 2022. Overcoming hardships Luong Van Thien was born to a farmer family in a poor village of Yen Thanh commune, Yen Mo district, Ninh Binh province. He remembered when he was a student, his parents had to work as hired laborers to pay for his education. Thien often asked for old books to self-study. He took time to study and made great efforts to acquire knowledge. After entering the Luong Van Tuy Gifted High School, he won numerous national-level mathematics competitions. In 2010, he was admitted to the Hanoi Medical University, but he chose to enter the Faculty of Electronics and Telecommunications of the Hanoi University of Science and Technology. At first, his parents did not agree with his choice, but then they believed in his decision because he passed the exam to the school's talented engineer … [Read more...] about Desire to dedicate to the country

Le Trung Kien, Head of Hai Phong Economic Zone Management Board presents gifts to representatives of Nomura-Haiphong Industrial Zone Development Corporation (investor of Nomura Hai Phong Industrial Park) (Photo: VNA) Hai Phong (VNA) – Hai Phong will always accompany with and create optimal conditions for investors, vowed Nguyen Trung Kien, head of the Economic Zone Management Board of the northern port city, during a meeting with foreign-invested businesses in the city on January 31. Kien thanked the firms for choosing Hai Phong as their long-term investment destination, expressing his hope that the partnership between the two sides will continue to be strengthened, benefiting both sides. He said that 2023 is predicted to be a tough year, but local authorities will support and give best conditions for businesses to overcome common difficulties of the world economy. In following years, Hai Phong will continue to expand industrial parks and clusters, while improving … [Read more...] about Hai Phong pledges optimal conditions for investors

Illustrative photo (Source: VNA) Tien Giang (VNA) – The Mekong Delta province of Tien Giang will exploit more than 124,000 tonnes of seafood of all kinds in 2023. According to Director of the provincial Department of Agriculture and Rural Development Nguyen Van Man, the tapping of maritime potential will be associated with a series of drastic measures against illegal, unreported and unregulated ( IUU ) fishing. These measures include tight vessel management, strict punishment of related violations, communications activities to raise public awareness on the matter, better investment in fishery infrastructure, and the implementation of policies for improving fishermen’s livelihoods, among others. In 2022, the province’s seafood output topped 361,000 tonnes, exceeding the yearly target by nearly 26%. Of the amount, the yield from farming neared 221,000 tonnes, with the rest coming from offshore fishing and exploitation activities. The coastal locality’s fleet of … [Read more...] about Tien Giang plans to exploit over 124,000 tonnes of seafood this year

Goods for export at the Tan Cang-Cat Lai Port in HCM City. Vietnam's exports to India topped 7.96 billion USD in 2022, up 26.8% year-on-year.  (Photo: VNA) Hanoi (VNS/VNA) - Two-way trade between Vietnam and India saw a yearly increase of 13.6% to 15.05 billion  USD in 2022, statistics from the General Department of Customs showed. During the year, Vietnam’s exports to India topped 7.96 billion USD, up 26.8% year-on-year. Among its export items, mobile phones and accessories posted the highest turnover with 1.52 billion USD, up 18.4%, making up nearly 20% of the total export value. Computers, electronics and parts came next with 1.03 billion USD, up 25%, or 13%, while machinery and equipment ranked third with 804 million USD or over 10%. Other staples with the highest value increase were coffee with 165%; iron and steel (97%) and footwear (96%). Some items, however, posted large decreases in export value, such as animal feed and raw materials with 23.04 million USD, down … [Read more...] about Vietnam’s trade with India hits record in 2022

A trader looks at the market's movements at an exchange. Shares plummeted on Wednesday due to stronger selling pressure. — VNA/VNS Photo The market reversed and fell sharply in Wednesday's trade, with many stocks hitting the floor prices. On the Ho Chi Minh Stock Exchange (HoSE), the market benchmark VN-Index lost 35.21 points, or 3.17 per cent, to 1,075.97 points. After recovering in the previous session, the index couldn't keep the momentum to end the morning trade with a decline of 4.75 points. The market's breadth inclined to a negative zone with 271 stocks on the southern market going down, of which 45 registered the biggest intra-day loss of 7 per cent, while 79 stocks advanced. Liquidity increased strongly over the previous session. Accordingly, the trading value on HoSE jumped to nearly VND35.4 trillion (US$751.5 million), equivalent to a trading volume of over one billion shares. The index was weighed by rising selling force, with many large-cap stocks locked in … [Read more...] about Market falls sharply on strong selling force

The month's tourism revenue topped 3.5 trillion VND (149 million USD), a 15.4-fold rise from the previous year. During the seven-day lunar New Year (Tet) holiday that lasted from January 20-26, the province welcomed nearly 700,000 visitors, almost doubling the figure of the corresponding period last year. Of the figures, international arrivals accounted for over 17,000. The number of visitors to the local spiritual tourism sites increased by 6-8 times during the Tet holiday, compared to normal days. Yen Tu Special National Complex and Ba Vang Pagoda received 200,000 visitors while Loi Am, Duc Ong and Long Tien pagodas welcomed about 10,000. The province expects to draw over 2 million pilgrims during the festive season in spring. Quang Ninh has more than 600 cultural heritages, including communal houses, pagodas, temples, shrines, scenic spots, heritage sites, and natural wonders of the world. This year, the province targets to receive 14 million visitors, including 2 million … [Read more...] about Quang Ninh province welcomes 1.6 million tourists in January

In announcing its latest policy decision, the U.S. central bank scaled back to a quarter-percentage-point rate increase after a year of larger hikes and swept aside in its statement the long list of reasons, from war to the pandemic, that were driving prices higher to say simply that "inflation has eased." Yet policymakers also projected "ongoing increases" in borrowing costs would be needed, a still open-ended commitment that did not yet pinpoint when the rate hikes might stop, and pushed back against an expectation in financial markets that the Fed would pause soon and, indeed, cut rates later this year. Investors nevertheless took a dovish cue from remarks by Fed Chair Jerome Powell, who referred repeatedly during a news conference to the "disinflationary" process that now appeared to be underway. Equity markets rose as Powell spoke and investors slightly boosted bets for coming rate cuts. Meanwhile, Powell insisted that rate cuts are not in the offing, and took pains to walk … [Read more...] about Fed delivers small rate increase; Powell suggests ‘couple’ more hikes coming

Police in Pakistan have detained 23 people in connection to a blast at a mosque inside a police headquarters that killed 101 people, a senior official who asked not to be named said Wednesday. A policeman (R), who was injured in a mosque suicide blast inside a police headquarters, recovers in a hospital in Peshawar on February 1, 2023. Authorities are also probing the possibility that people inside the compound helped to coordinate the attack, the senior provincial police official told AFP on condition of anonymity. A suicide bomber slipped undetected into a highly sensitive compound in northwest Peshawar and detonated explosives among a row of worshippers in the compound's mosque on Monday, causing a wall to collapse and crush officers. "We have detained people from the police line (headquarters) to get to the bottom of how the explosive material made its way in and to see if any police officials were also involved in the attack," the senior official said. … [Read more...] about Pakistan police detain 23 suspects after deadly mosque blast

Vietnamese striker Nguyen Tien Linh has been listed among the 25 nominees for the Best Footballer in Asia 2022 award organized by Titan Sports newspaper of China. Linh is one of three Southeast Asian players competing for the award. The other two regional nominees are Thai defender Theerathon Bunmathan and Singaporean striker Ikhsan Fandi. Among other nominees are many superstars such as Son Heung Min of South Korea, Kaoru Mitoma of Japan, and Mehdi Taremi of Iran. According to Titan Sports, Linh played consistently and won the top scorer title of the 2022 AFF Cup. In the historic 3-1 victory over China in the third qualifying round of the 2022 World Cup, the Vietnamese striker performed well, scoring a goal to extend Vietnam’s lead. He did a good job at the 2021 Southeast Asian Games held in May 2022, helping Vietnam U22s win the gold medal for the second time in a row. At Binh Duong FC, he scored nine goals for the club in the Vietnamese top-tier V-League 1 2022, … [Read more...] about Vietnamese striker Nguyen Tien Linh included in Asia’s Best Footballer 2022 nominee list