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An employee passes electronic boards showing share prices inside Hồ Chí Minh Stock Exchange in HCM City. — VNA/VNS Photo Hữu Khoa HÀ NỘI — An upgrade to emerging status will not only help the stock market develop quickly, transparently and sustainably, but also attract huge foreign capital inflows, said experts. Recently, the Government has directed to purge the market and improve the trading system’s capacity, showing its determination to enhance the quality of the stock market. The refinement is to protect investors and open a door for the Vietnamese stock market to be upgraded from a frontier to an emerging market. Prime Minister Phạm Minh Chính has taken an interest in the development of the capital market and the stock market, including the matter of upgrading the market. During a trip to attend the ASEAN-US Special Summit, on May 16, the PM visited the New York Stock Exchange (NYSE) – the largest stock exchange in the world – hoping it supports and shares experience to … [Read more...] about Upgrading the market for the sake of all participants

This preliminary assessment was made by the ASEAN+3 Macroeconomic Research Office (AMRO) after its Annual Consultation Visit to Vietnam from May 3 - 18. “The Vietnamese economy is expected to grow at 6.3 percent in 2022 and 6.5 percent in 2023. Inflation is projected to remain contained,” said AMRO Group Head and Lead Economist Kalra. “This positive outlook rides on strong external demand, a recovery in domestic consumption and healthy investments inflows, bolstered by an appropriate macroeconomic policy stance.” The domestic outbreak of the Omicron variant receded sharply in April 2022, and border restrictions and domestic containment measures were eased. The aggregate output gap is expected to narrow significantly by the end of this year. The recovery is, nevertheless, uneven across sectors. While both the manufacturing and service sector outputs have surpassed their 2019 levels, the service sector still has pockets of distress, especially in the tourism, hospitality and … [Read more...] about AMRO forecasts Vietnam’s strong recovery amid external headwinds

Mr. Phan Van Mai speaks at the meeting (PHoto: SGGP) At the first meeting of the Council of Rectors of Universities in the southern metropolis in 2022 at the University of Education yesterday, the council announced the decision to consolidate its personnel and proposed several new activities. The Council of Rectors in universities in HCMC was approved including Chairman of the Ho Chi Minh City People's Committee Phan Van Mai who was voted to be Chairman while Vice Chairman of the municipal People's Committee Duong Anh Duc was voted to be permanent Vice Chairman of the Council. Other vice chairmen of the Council include Director of Ho Chi Minh City Department of Education and Training Nguyen Van Hieu and Secretary of the Party Committee of HCMC Universities and Colleges Nguyen Thi Minh Hong. Members of the Council of Rectors of Universities in Ho Chi Minh City include 51 higher education institutions. The Rector's Council consists of six councils according to pedagogical … [Read more...] about HCMC Chairman Mai voted Chairman of Universities Council of Rectors

Le Hoang Phong and Tran Thuy Vi gained 20.4 points to win gold, while Cambodia’s Sokhor Has and Sreypov Mo bagged silver for their 19.3 points, and Thailand’s Chawisa Intakul and Phatcharapong Photjanakosri took bronze with 19.1 points. Scoring 20.733 points in the group event, Nguyen Che Thanh, Le Hoang Phong, Tran Ngoc Thuy Vi, Vuong Hoai An, Nguyen Viet Anh dominated the event to win gold. It’s the second gold for Vi, who won one in a team event on May 21. Cambodian Sreypov Mo, Tola Nget, Chanbory Choeun, Sokhor Has and Bunthoeun Trorn bagged silver after a 19.144-point showing. Five athletes from Thailand – Supatsorn Watcharaporn, Chawisa Intakul, Phatcharapong Photjanakosri, Nattawut Pimpa and Chanokpon Jiumsukjai – managed a bronze medal with an 18.522 points result. Thailand's Chanwisa Intakul began the second day of Aerobic by winning a gold medal in the women’s individual of the SEA Games 31 at Hanoi’s Quan Ngua Sports Centre on May 22. The Thai athlete earned … [Read more...] about Vietnam win golds in aerobics

The Ministry of Transport and localities have proposed VND103 trillion (USD4.43 billion) to carry out 13 transport infrastructure projects between 2022 and 2023. The Ministry of Transport has recommended six projects worth a total capital of VND87 trillion (USD3.75 billion) which will be sourced from the government’s socio-economic recovery programme. The Ministry of Transport and localities have proposed VND103 trillion to carry out 13 transport infrastructure projects The biggest project is the eastern section of the north-south expressway which has a total investment of VND146.9 trillion. Under the ministry’s proposal, VND72.6 trillion will be taken from the government’s socio-economic recovery programme. The other projects are the Cao Lanh-An Huu, Chau Doc-Can Tho-Soc Trang, Khanh Hoa-Buon Ma Thuot, Bien Hoa-Vung Tau expressways and Dai Nghia Bridge which will use VND6 trillion, VND1.2 trillion, VND3.8 trillion, VND2.3 trillion, VND3.5 trillion and VND4.1 … [Read more...] about VND103 trillion proposed for 13 infrastructure projects

Vietnam has won 188 gold medals so far at the ongoing 31st Southeast Asian (SEA) Games, more than the total numbers of golds of second-placed Thailand, third-placed Indonesia, and fourth-placed Philippines combined. As of 3:00 pm on Sunday, the host nation had bagged 188 gold medals, 109 silvers, and 109 bronzes, according to the event's official website. Thailand ranked second with 77 golds, 92 silvers, and 125 bronzes. Indonesia and the Philippines were in third and fourth places with 62 and 47 gold medals, respectively. Vietnamese athletes claimed a total of 17 gold medals on Saturday, with the championship title in women’s football being the most notable. The Vietnamese women scored a 1-0 victory over their archrivals Thailand to successfully defend their gold medal at the tournament. The other gold medals came from tennis, diving, judo, canoeing, indoor handball, aerobic gymnastics, chess, weightlifting, and vovinam. The junior Vietnamese team are scheduled to … [Read more...] about Vietnam keeps sitting atop SEA Games medal table with 188 golds

Prime Minister Pham Minh Chinh attends Gia Lai's 90th founding anniversary celebration ceremony in Pleiku City on May 21 evening. (Photo: VNA) Gia Lai (VNA) - Gia Lai should make renewable energy a key economic sector and pay more attention to developing tourism and processing industries while, Prime Minister Pham Minh Chinh stressed at the Central Highlands province’s 90th founding anniversary celebration ceremony held in Pleiku City on May 21 evening. Gia Lai is blessed with various natural and cultural advantages, Chinh said in his remarks, noting that the province has magnificent, green landscapes; fertile soil; a wealth of minerals and resources; distinctive cultures; as well as hardworking and friendly people. To make the most of such advantages and potential to turn Gia Lai into a strong province with improved living standards, the provincial Party organisation, administration and people must work harder, cement their solidarity, and stay active, … [Read more...] about Gia Lai should make renewable energy key sector: PM

Vietnamese (in red) and Thai players vie for the ball at the final on May 21. (Photo: VNA) Hanoi (VNA) – The media in Thailand ran many articles on the women’s football final between their country and hosts Vietnam at SEA Games 31 on May 21. Vietnam won over Thailand 1- 0 in the match, freshly following which State President Nguyen Xuan Phuc and Prime Minister Pham Minh Chinh sent their congratulations to the team. In its story, the Daily News said the final, held on Cam Pha Stadium of Quang Ninh province, was a game between equally talented teams, but Vietnam were in the lead thanks to a goal by Huynh Nhu at the 59th minute to grab the gold medal. The newspaper also mentioned the Vietnamese team’s top place in the region for seven times, including golds at three consecutive SEA Games. Meanwhile, Thailand earned the silver medal for straight three times and the gold at the region’s biggest sporting event for five times. Siam Sports reported despite encouragement from … [Read more...] about SEA Games 31: Thai media comment on Vietnam’s win in women’s football final

During the program, students were provided with basic knowledge on the Vietnam Border Guard Law, including six chapters, which was effective from January 1, 2022. The Law on Vietnam Border Guard includes the task of protecting territorial sovereignty and national border security. It also clearly defines the functions and tasks of the Border Guard force, as well as of the whole political system at all levels in the construction, management and protection of national sovereignty over border areas, sea and islands, meeting two strategic tasks of building and defending the Fatherland in the current context; building the borderline of peace, friendship, cooperation and development. The program contributed to raising students’ awareness of the Law on Vietnam Border Guard, so as to promote their responsibility in protecting national sovereignty over border, sea and islands areas. In the framework of the event, leaders of Ha An Secondary School also instructed the students to prevent … [Read more...] about Law dissemination promoted among students in Quang Ninh province