The Eurozone economy has seen a “free fall” of proportions not seen since the Great Depression in the 1930s. According to new data released by the International Monetary Fund (IMF), it is forecast that the economy of the region will decline by 8.3% this year. This figure is somewhat more positive than the forecast in June (down 10.2%), but this is still an historic shock for the Eurozone economy. While there is no medical solution for the pandemic, the IMF has warned the recovery momentum of the Eurozone economy will be slower, reaching only 5.2% growth by 2021, weaker than the 6% rate in its previous forecast. Spain is the country hit hardest. Its GDP was forecast to drop by 12.8% this year. Italy and France may also seeGDP reductions of 10.6% and 8.3%, respectively. The latest economic data shows that, by the beginning of 2022, Germany will be able to recover back to the level it was at before the crisis. The IMF had warned that the situation would be worse, and at the same time warned about the heavy spending of European countries. A recovery package worth EUR750 billion is considered a solution to help the Eurozone economy recover. The East Asian and Pacific regions are also facing a series of unprecedented challenges. According to the forecasts of the World Bank (WB), the pandemic could cause economic growth in this region and China to fall to its lowest level in more than 50 years, pushing 38 million people back into poverty. According to the WB, the region in 2020 is estimated to grow by only 0.9%, its lowest level since 1967. Meanwhile, economic growth rate in China is forecast at 2% this year thanks to the fact that government spending increased, exports rebounded sharply and new infections have been low since March. According to WB Vice President for East Asia and Pacific Victoria Kwakwa, countries in the region have made a number of smart policy choices that could reduce the impact of the epidemic, such as investments in their testing and …
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Hanoi, Hoi An win the ‘Popular Destinations of the World’ by TripAdvisor Travellers’ Choice Awards 2021
The Hanoitimes - Hanoi capital ranked sixth while Hoi An ranked 11th among the 25 most popular destinations in the annual award of TripAdvisor. According the travel guide website, the charming Vietnamese capital has aged well, preserving the Old Quarter, monuments and colonial architecture, while making room for modern developments alongside. A tranquil afternoon in Hanoi. Photo: Nhu Y. Hanoi may have shrugged off several former names, including Thang Long, or "ascending dragon," but it hasn't forgotten its past, as sites such as Ho Chi Minh's Mausoleum and Hoa Lo Prison attest. Lakes, parks, shady boulevards and more than 600 temples and pagodas add to the appeal of this city, which is easily explored by taxi. Hoi An ancient town, is another winner from Vietnam of the awards was described as: “This city on the central Vietnamese coast is a well-preserved example of the important backpackers, it is becoming better known to tourists. On the 14th day of each lunar month, the town trades its electric lights for traditional colored lanterns. Sights include the Japanese Covered Bridge and the Quan Cong Temple. Let the town’s expert tailors make you some bespoke clothing.” The beauty of Hoi An ancient town. Photo: Nguoi Hoi An. Meanwhile, Ba li- Indonesia ranked the first position, following by London- United Kingdom and Dubai- United Arab Emirates. Other most popular destinations in 2021 are Rome- Italy, Paris- France, Crete- Greece, Bangkok- Thailand, Barcelona- Spain, Istanbul - Turkey, Siem Reap- Cambodia, Marrakech- Moroco, Phukhet- Thailand, New Delhi- India, Cancun- Mexico, Playa del Carmen- Mexico, Florence- Italy, Dominica Republic, Tenerife, Canary Islands, Lisbon Portugal, New York City, New York, Edinburgh - United Kingdom, Jaipur - India and Cusco-Peru. …
Vietnam national team still in the world’s top 100
>>> How many points do Vietnam need to make history in World Cup qualifiers? With 1,258 points, Vietnam maintained their ranking of 93rd in the world, 14th in Asia as well as continuing to be the No. 1 team in Southeast Asia. Thailand, the second ranked team in the region, placed 110th in the world with 1,178 points and 20th in Asia. Asia's top team is still Japan in 27th, followed by Iran (No. 29), the Republic of Korea (ranked 38th), Australia (ranked 41st) and Qatar (ranked 58th). The 10 teams in the world have not changed. Leading the world is still Belgium with 1,780 points, followed by France, Brazil, England, Portugal, Spain, Argentina, Uruguay, Mexico and Italy. However, next month, it is likely the FIFA rankings will see strong fluctuations as national teams gather to prepare for international matches with 2022 FIFA World Cup qualifiers in Europe and South America. For Vietnam, it is likely the "Golden Stars" will maintain this position for quite some time as the Asian FIFA 2022 World Cup qualifiers have been rescheduled to June due to COVID-19. Vietnam maintained their ranking of 14th in Asia and continue to be the No. 1 team in Southeast Asia. (Photo: AFC) According to the FIFA rankings, the Vietnamese team has seen a strong advancement in the past 10 years, rising from No. 137 in 2010 to No. 93, a move of 44 places. In 2021, the main mission for the team is progressing to the final round of the Asian FIFA 2022 World Cup qualifiers and competing in the regional AFF Championship as defending champions. “In 2021, Vietnamese football has many important tasks and I understand these are challenges. I promise to do my best to achieve these goals with the Vietnamese teams,” affirmed head coach Park Hang-seo at a meeting with the Minister of Culture, Sports and Tourism Nguyen Ngoc Thien yesterday. “I have spent time researching issues relating to the team’s preparation for the remaining three matches in the second …
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