The Vietnamese economy recovered more slowly than the world economy last year, but the reverse is likely to be true this year. Participants at the conference (Photo: VNA) BIDV Chief Economist Can Van Luc made the forecast at the conference “Vietnam financial market 2021 and outlook 2022” on May 25. Luc had three possible scenarios for the Vietnamese economy in 2022. In the best-case scenario, the economy is expected to rebound strongly with an annual growth rate of 6-6.5 percent. The figure is adjusted down to 5.5-6 percent in the base-case scenario, and to 4.5-5 percent if things do not turn out well. Meanwhile, inflation is believed to rise steadily due to global inflationary pressures. “I’m quite sure that Vietnamese inflation will rise to around 3.8-4.2 percent this year. It’s inevitable amid rapid-rising global inflation,” he added. Additionally, Luc was optimistic that the securities market is likely to become more sound and stable … [Read more...] about Vietnamese economy to do well in 2022: experts
Hoang anh
Dengue fever prevention work: people remain subjective, neglectful
Vice Chairman of the People's Committee of Ho Chi Minh City Duong Anh Duc checks the poultry farming area of a household in Hoc Mon District. (Photo: SGGP) In Thoi Tam Thon Commune in Hoc Mon District, the delegation noted that many places with high risks of dengue fever had not been handled, and local people remained subjective and neglectful about the dengue fever epidemic. In Thoi Tam Thon Commune in Hoc Mon District, around the boarding houses in Group 125, Tam Dong 3 Hamlet, the delegation found many water containers containing wrigglers around residential areas. Noticeably, just over one month ago, there was a case of death due to dengue fever in this area. Tran Thi Nhung, a resident in Group 125, said that when she heard someone had died from dengue fever, her family members bought more mosquito sprays but still did not sleep under mosquito nets because they were not familiar with it. According to Vice Chairwoman of Hoc Mon District People's Committee Le Thuy My Chau, from … [Read more...] about Dengue fever prevention work: people remain subjective, neglectful
Vietnam calls for augmented efforts to protect civilians in conflicts
The UNSC open debate on the protection of civilians in armed conflicts on May 25 (Photo: VNA) In his remarks, Giang, who is Permanent Representative of Vietnam to the UN, pointed out the fact that the international community is facing major challenges to civilian protection such as wars and large-scale conflicts in many places and the complex Covid-19 situation, especially in conflict-hit areas. Those lingering problems have become even more complicated due to new crises, particularly the food crisis and supply chain disruptions. Meanwhile, resources for the protection of civilians have been reduced as the international community has to reserve them for resolving new challenges. As such, the most important thing now is to pay due attention to protecting civilians in conflicts; promoting the parties involved in conflicts to comply with the UN Charter, international law and international humanitarian law, including the UNSC’s Resolution 2573; and boosting countries’ sense of … [Read more...] about Vietnam calls for augmented efforts to protect civilians in conflicts
Head coach Park announces 23 players for friendly football match
Nham Manh Dung (No. 17) celebrates after scoring for Vietnam against Thailand in the SEA Games 31 final on May 22, 2022. P(hoto: VnExpress) Hanoi (VNA) - Head coach Park Hang-seo has announced his squad of 23 players for the national team's friendly match against Afghanistan on June 1 at Thong Nha Stadium in Ho Chi Minh City. The list includes several outstanding faces who competed in the third round of Asian qualifiers for the 2022 World Cup , such as goalkeeper Dang Van Lam and defender Do Duy Manh. Also included are three other players from the U23 team who won gold medal at the SEA Games 31, Do Hung Dung, Nguyen Tien Linh and Nguyen Hoang Duc. In addition, Park also called new names including Tran Dinh Khuong and Truong Van Thai Quy for the event which is a warm-up for the AFF Cup. Notably, Park has added striker Nguyen Anh Duc to the coaching staff of the Vietnamese team. Duc is playing the role of both player and coach at Long An Club. Recently, he was … [Read more...] about Head coach Park announces 23 players for friendly football match
Hanoi accelerates construction of smart urban projects
The completion of these projects would help ensure Hanoi’s rapid and sustainable development towards green, smart, and modernization while maintaining the harmonization between rural and urban areas. The capital city has so far completed around 70% of the total area subject to site clearance under smart urban projects in the city. Overview of the smart city project in Dong Anh District. Photo: BRG To date, the progress has been encouraging as contractors are speeding up the completion of the site clearance process. According to a recent report, site clearance for the construction of the new residential project Tay Mo – Dai Mo – Vinhomes Park in Nam Tu Liem District has almost concluded, with the 70% of the work volume completed. Around 80% of the land for the projects in the communes of Xuan Canh, Dong Hoi, and Mai Lam (Dong Anh District) have been cleared, and the authorities are handing over clear sites to contractors. The local authorities are also … [Read more...] about Hanoi accelerates construction of smart urban projects
Australia supports universities in Northwestern region
“The Australian Government’s support will enable Tay Bac University to train a skilled workforce to better serve the labor market needs and support the economic and industrial growth of the region. This assistance will also help the university establish long-term partnerships with Australian universities,” said Dr. Nguyen Van Bao, Rector of Tay Bac University. “We are committed to assisting Vietnam’s human resource development in various ways, including through our support for Tay Bac University,” said Australian Ambassador to Vietnam Craig Chittick. “We believe that with strengthened university management and reformed curricula and teaching methodology, Tay Bac University will be able to provide better academic support to nearly 4,000 ethnic minority students. This will increase the success rate of ethnic minority students at university and help them get better jobs,” he continued. In September 2017, Aus4Skills will sign similar MoUs with Thai Nguyen University (TNU) and TNU's … [Read more...] about Australia supports universities in Northwestern region
Bac Giang promotes litchi sales at home and abroad
Jose Mestre, a representative of the Central Retail Group in Vietnam, speaks at the conference (Photo: VNA) Bac Giang (VNA) – The northern province of Bac Giang, in collaboration with the ministries of Industry and Trade, and Agriculture and Rural Development, held an online conference on litchi sales for nearly 80 target markets at home and abroad. The conference provided an opportunity for Bac Giang to promote litchi sales in domestic and export markets; and strengthen its coordination with centrally-run agencies, domestic and foreign provinces and cities, and overseas Vietnamese economic, trade and diplomatic agencies. It also served as a forum for domestic and foreign businesses to find partners and sign contracts for litchi and litchi-based products in this year. Speaking at the event, Vice Chairman of the People’s Committee of Bac Giang province Phan The Tuan said that thanks to the favourable weather and the close control of growing area codes, the … [Read more...] about Bac Giang promotes litchi sales at home and abroad
HCMC expects to receive mechanism for active purchasing of medical products
Chairman of the People’s Committee of the city Phan Van Mai speaks at the third session of the 15th-tenure National Assembly (NA). The proposal was conveyed by Head of the HCMC Delegation of NA Deputies, Chairman of the People’s Committee of the city Phan Van Mai at the third session of the 15th-tenure National Assembly (NA) on May 25. He reviewed recent positive socioeconomic changes after the Covid-19 pandemic has been basically under control in HCMC. The city has seen positive growth in the last four months thanks to the efforts, flexible policies and orientation of the municipal authorities. The commercial services sector reached a positive growth of 0.6 percent in May. Although key industries have a slow recovery, the tourism sector has bounced back strongly. The real estate market still shows signs of cooling due to the slow recovery and the tightening real estate credit that has restricted speculation and helped the market become more transparent. The government and … [Read more...] about HCMC expects to receive mechanism for active purchasing of medical products
President emphasizes importance of timely support for people, enterprises
President Nguyen Xuan Phuc speaks at the meeting with the National Assembly deputies group of Ho Chi Minh City. (Photo: SGGP) According to the President, the economic indicators in the first five months of 2022 are encouraging, showing signs of growth in budget revenue, import and export, and agriculture. The macroeconomy has always been maintained and is the outstanding point in operating. Vietnam's vaccination strategy has been implemented drastically and is recognized by the world. However, the signs of inflation are clear, especially when Vietnam's economy has a fairly high openness. The stock market is an important capital mobilization channel, but billions of dollars have been evaporated recently. Therefore, it is necessary to have better measures and methods to support the stock market to stabilize, send capital flows to businesses, create jobs, and determine growth. State President Nguyen Xuan Phuc quoted an article "Not let inflation sweep away underprivileged people" … [Read more...] about President emphasizes importance of timely support for people, enterprises
Transport Ministry announces projects with slow disbursement
The projects invested by the ministry include the transport project connecting mountainous Northern provinces, the Tan Van - Nhon Trach section of Ho Chi Minh City's Ring Road No. 3 project, the construction of Dien Chau-Bai Vot section of the North-South expressway, My Thuan – Can Tho Expressway, construction of the Interconnecting Road to National. Highway No 91 and Long Xuyen City bypass, the subproject on upgrading and renovating National Highway 279B, construction of the National Roads of 21B and 15, and the project to upgrade the runways at Tan Son Nhat International Airport. The Ministry of Transport has disbursed VND15,080 billion (US$650 million), reaching 34.9 percent of the plan. The ministry has allocated VND45,343 billion (US$1.95 billion) for a public investment plan in 2022 to investors, achieving 90 percent of the Prime Minister’s plan. The remaining capital will be given when subprojects of the North-South expressway project in the 2021-2025 period are … [Read more...] about Transport Ministry announces projects with slow disbursement