Hanoi (VNA) - The following is a list of selected news summaries last night by the Vietnam News Agency. - General Secretary of the Communist Party of China Central Committee and President of China Xi Jinping has sent a letter to General Secretary of the Communist Party of Vietnam Central Committee Nguyen Phu Trong to thank him for cabling a message of condolences over the passing of comrade Jiang Zemin. Read full story - State budget collection from export-import activities in January topped 24.8 trillion VND (1.07 billion USD), or 5.8% of the estimate, down 42.3% annually, reported the General Department of Vietnam Customs (GDVC). Read full story - The State Treasury has announced that it plans to raise 400 trillion VND (over 17 billion USD) worth of Government bonds via auctions on the Hanoi Stock Exchange (HNX) this year. Read full story - There were 2,536 newly-established businesses in Ho Chi Minh City in January with a total newly registered capital of over 17.9 … [Read more...] about ☀️ Morning digest February 2
Hijab digest december 2018
Vietnam’s industrial production to rise 6.6% in 2023: S&P Global
Industrial production is forecast to increase 6.6% in 2023. (Photo: VNA) HCM City (VNA) – Vietnam is predicted to record a rise of 6.6% in industrial production in 2023, according to S&P Global Market Intelligence. S&P Global noted the Vietnamese manufacturing sector continued to face challenging business conditions in the opening month of 2023. Production and new orders continued to decline. That said, there were some signs of improvement in demand as new business fell at a softer pace, helped by a renewed expansion in new export orders. The S&P Global Vietnam Manufacturing Purchasing Managers' Index (PMI), released on February 1, posted 47.4 in January, up from 46.4 in December but still pointing to a solid monthly deterioration in the health of the manufacturing sector. January data signalled a further marked decline in manufacturing production, albeit one that was slightly softer than seen in December. Lower new orders were often behind falling output, with … [Read more...] about Vietnam’s industrial production to rise 6.6% in 2023: S&P Global
Thailand’s 2022 rice exports beat target
Thailand exports 7.69 million tonnes of rice in 2022, up 22.1% from a year earlier. (Photo: Reuters) Bangkok (VNA) – Thailand exported 7.69 million tonnes of rice in 2022, up 22.1% from a year earlier, the country’s Commerce Ministry said on January 31. The exports exceeded a target of 7.5 million tonnes, with top markets being Iraq, South Africa, China, and the US, it said in a statement. Thai rice exports were strong last year because of the weak baht, according to Ronnarong Phoolpipat, head of the ministry’s Trade Policy and Strategy Office. Earlier this month, the Thai Rice Exporters Association lowered its target for 2023 from 8 million tonnes to 7.5 million as the baht, which is which is now trading around 32.50 to the US dollar, has appreciated dramatically after reaching a low of 38 last October. The price of benchmark 5% white rice remains high in world markets, having risen from 465 USD a tonne in mid-December to 523 USD as of January 18, said the … [Read more...] about Thailand’s 2022 rice exports beat target
Indonesia, Australia continue cooperation in capacity-building, management for State employees
Minister of State Apparatus Empowerment and Bureaucratic Reform, Abdullah Azwar Anas and the Australian Public Service Commission (APSC) at the MoU signing ceremony in Jakarta on January 31, 2023. (Photo: ANTARA) Jakarta (VNA) – Indonesian State Apparatus Empowerment and Bureaucratic Reform Ministry and Australian Public Service Commission (APSC) on January 31 signed a memorandum of understanding on continued cooperation in capacity-building and management of state civil apparatus (ASN). The two agencies first signed a cooperation programme in 2013. It was extended in 2018 and ended in 2021. Meanwhile, the collaboration forged in 2023 will end in 2026. Speaking at the signing ceremony, Indonesian Minister of State Apparatus Empowerment and Bureaucratic Reform Abdullah Azwar Anas said that digital-based governance is the country’s priority at the moment. Azwar said that the cooperation presents a platform for sharing knowledge and experiences for Indonesia and Australia … [Read more...] about Indonesia, Australia continue cooperation in capacity-building, management for State employees
Stocks rise, dollar falls after Fed hikes as expected
The Fed said the U.S. economy was enjoying "modest growth" and "robust" job gains, with policymakers still "highly attentive to inflation risks" as it seeks to tighten financial conditions and reign in high prices. Markets have been pricing in the possibility of a rate cut by the Fed in the back half of the year. On Wall Street, U.S. stocks were choppy after the Fed announcement but rebounded to turn positive as Chair Jerome Powell began to speak. "The key thing the Fed is focused on is wages and we are seeing wage inflation continue to ameliorate if you look at both average hourly earnings and the employment cost index which just came out, wages are beginning to soften, but they are not softening enough to get inflation down to that 2% target," said Ellen Hazen, chief market strategist at F.L.Putnam Investment Management in Wellesley, Massachusetts. "They had a very slightly dovish change in the language where they previously had talked about determining the pace of future … [Read more...] about Stocks rise, dollar falls after Fed hikes as expected
Fed delivers small rate increase; Powell suggests ‘couple’ more hikes coming
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
Singapore’s production sector predicted to remain gloomy in Q1
In Singapore (Photo source: AFP) Singapore - Singapore's manufacturing outlook may continue gloomy in the first quarter of 2023, after its manufacturing output shrank for a third consecutive month in December last year, said economists. According to data released by the Economic Development Board (EDB) of Singapore, the industrial production in last December fell 3.1 per cent compared to the same period of the previous year, making this the third consecutive month of decline. Excluding biomedical manufacturing, Singapore’s output increased by 0.3 per cent year-on-year. Output for the chemicals, precision engineering and general manufacturing clusters also declined on a year-on-year basis at 9.5 per cent, 4.1 per cent and 2.8 per cent respectively. The electronics sector was one of two clusters that saw output growth in December, after five consecutive months of decline. However, most economists believe that the electronics industry's recovery may be temporary. Selena … [Read more...] about Singapore’s production sector predicted to remain gloomy in Q1
Vietnamese striker Nguyen Tien Linh included in Asia’s Best Footballer 2022 nominee list
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
Hanoi boosts tourism promotion
Hanoi expects to market its brand as an attractive tourism destination in the region and the world and disseminate the city’s image in major source markets. Hanoi will continue to intensify tourism promotion on foreign TV channels, mobile apps, and social media as stated in the local government's project on developing investment, trade, and tourism in the coming time. Accordingly, the city continues to strengthen communication activities, such as broadcasting advertisements on CNN and other international media, websites, and social networking platforms (Youtube, Facebook) with the message "Hanoi - Come to love" and "Hanoi - A safe and attractive tourist destination." The Huc Bridge - a small bridge over Hoan Kiem Lake to enter the Ngoc Son Temple in Hanoi. Photo: Vinh Pham/The Hanoi Times By 2023, the capital city expects to advertise itself as an attractive tourist destination in the region and the world, while boosting promotion in major markets … [Read more...] about Hanoi boosts tourism promotion
ChatGPT sets record for fastest-growing user base: analyst note
ChatGPT, the popular chatbot from OpenAI, is estimated to have reached 100 million monthly active users in January, just two months after launch, making it the fastest-growing consumer application in history, according to a UBS study on Wednesday. The report, citing data from analytics firm Similarweb, said an average of about 13 million unique visitors had used ChatGPT per day in January, more than double the levels of December. "In 20 years following the internet space, we cannot recall a faster ramp in a consumer internet app," UBS analysts wrote in the note. It took TikTok about nine months after its global launch to reach 100 million users and Instagram 2-1/2 years, according to data from Sensor Tower. ChatGPT can generate articles, essays, jokes and even poetry in response to prompts. OpenAI, a private company backed by Microsoft Corp, made it available to the public for free in late November. On Thursday, OpenAI announced a $20 monthly subscription, initially for … [Read more...] about ChatGPT sets record for fastest-growing user base: analyst note