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Vietnam's gross domestic product growth accelerated in the third quarter from the previous three months, data showed on Friday, but fell short of this year's growth target as dull demand for exports overshadowed support from monetary easing. GDP in the July-September quarter is expected to have grown 5.33% from a year earlier, faster than the 4.05% expansion in the second quarter, the General Statistics Office said in a report on Friday. Capital Economics said the worst for Vietnam's economy was over but growth remained subdued by past standards. With inflation becoming a growing concern, however, it did not expect a further rate cut from the central bank. The third-quarter figure was much slower than growth of 13.71% in the same period of 2022, when its manufacturing-led economy managed a post-pandemic pickup following a 6% quarterly contraction in 2021. Factory powerhouse Vietnam is targeting growth of 6.5% this year, down from 8.02% last year, but most economists expect … [Read more...] about Vietnam sees Q3 GDP growth capped by weak external demand

Photo Le Toan Just a week after Vietnam and the US elevated their bilateral relations to a comprehensive strategic partnership, Prime Minister Pham Minh Chinh paid a working trip to the US to attend the 78th session of the UN General Assembly where he underlined Vietnam’s contributions and commitments to the UN’s activities, and met with UN Secretary-General António Guterres. In the US, he also met with US Vice President Kamala Harris, leaders of the US Congress, the national security advisor, and several members of the US cabinet. He also visited the New York Stock Exchange where he knocked the gavel to open a trading session. He underlined the need for both nations to focus on materialising the new cooperation framework into specific strategies, projects, and business cooperation. Noting priorities to be implemented, the PM said both nations must continue to prioritise resources for realising commitments in the joint leaders’ statement on elevating US-Vietnam relations. … [Read more...] about More consideration lent to US investment

War veteran Giang Mi Pao was born in 1944. He served in the military for six years and was admitted to the Party. After completing military service, the former soldier came back to his hometown and was appointed the village’s head. Mr. Pao recalled that in early 1980s, people in the locality faced numerous difficulties since they lacked cultivation land, proper production tools, seedlings, capital, and farming techniques. The whole hamlet had only 2 hectares of land for one-crop rice growing and locals used to suffer from hunger for 4 to 6 months/year. As the only party member in the hamlet at that time and a former soldier who had joined the national resistance war, Mr. Pao kept thinking about locals’ difficulties and how to develop local economy, eliminate hunger, and reduce poverty sustainably. After days and nights studying other localities’ economic development models, the war veteran discussed and worked with ten brothers and sisters to start transforming plant and livestock … [Read more...] about War veteran Giang Mi Pao’s tireless efforts to change lives of people in Suoi Dong

The club belongs to “Love of Vietnamese soldiers” Club, contributing to gathering war veterans to organize practical activities to uphold tradition while taking care of needy veterans. It also aims to contribute to the cause of national construction and defense. At the event, the organizing panel handed over two “Dang Thuy Tram’s bookshelves,” worth VND 150 million each, to Thien Than Orphanage School (Thu Duc city) and Ly Thuong Kiet High School (Hoc Mon district) in Ho Chi Minh City. Besides, they also received support to take care of war veterans, including two comrade houses, worth VND 50 million each, and two wheelchairs, among others. On the occasion, the organizing panel received war memorabilia of martyr Trinh Ngoc Khiet (born in 1945, sacrificed in 1973 in the Southwestern region) from his relatives, including 42 letters and envelopes, one diary, one wallet, two photos, and two stamps; and a diary book titled “Revolutionary Steps” written by veteran Pham Dinh Truong during … [Read more...] about “Love of soldiers in Southwestern region” Club makes debut

Vietnam is home to over 300 green buildings, but that figure is much lower than the country's potential, according to a construction official at the Vietnam Green Building Week 2023. Themed 'Green Building Development Promotes Green Transformation in Construction Industry: Opportunities and Challenges,' the event was held by the Ministry of Construction in coordination with other units on Thursday in Ho Chi Minh City, Speaking at the event, Nguyen Tuong Van, Deputy Minister of Construction, said that state management agencies have encouraged businesses to develop green buildings on a voluntary basis and Vietnam has yet to introduce mandatory regulations on green building development. Currently, the country is home to about 300 green buildings with a combined floor space area of 7.2 million square meters. These green buildings include hotels, shopping malls, workshops, offices, and the headquarters of state agencies. Van revealed that Ho Chi Minh City took the lead in the … [Read more...] about Vietnam is lacking in green buildings: construction official

According to a report delivered at the working session, since its foundation, Army Corps 16 has allocated residential land and production land and provided financial support to build houses for more than 1,600 households; planted more than 5,400 hectares of different trees; invested in the construction of 189km of roads, 53 lakes and dams, 86km of power lines; built 84 classes for kindergartens and primary schools; offered free health check-ups and medicines to local people; and built memorial steles, cultural houses, and gratitude houses, among others. Concluding the working session, Sr. Lt. Gen. Vu Hai San praised Army Corps 16’s efforts in task performance, especially in social security and care for ethnic minority people, contributing to building a more stable and developed border area. In the time to come, the unit should focus on building a clean and strong Party organization; effectively implementing military-defense tasks; and maintaining military discipline and … [Read more...] about Defense leader works with Army Corps 16

Đinh Đức Thắng, Chairman cum CEO of Stavian Quảng Yên Petrochemical Joint Stock Company, received technology transfer licenses under the witness of Deputy Prime Minister Trần Lưu Quang. — Photo courtesy of the firm The Stavian Quảng Yên Petrochemical Plant Project officially received the technology transfer licences for petrochemical technology to produce polypropylene (PP) resins from the Quảng Ninh Department of Science and Technology at Techconnect and Innovation Việt Nam 2023, under the witness of Deputy Prime Minister Trần Lưu Quang. Techconnect and Innovation Việt Nam 2023, with the theme “Innovation - Sustainable Development”, is a national-level event of significant importance, supporting businesses in the province to connect, transfer, and receive modern technologies to serve socio-economic development. The Stavian Quảng Yên Petrochemical Plant is being built on an area of 30ha in Bắc Tiền Phong Industrial Park, Tiền Phong Commune, Quảng Yên Town, Quảng Ninh Province. … [Read more...] about Quảng Yên Petrochemical plant granted technology transfer licences

Tables show the incidence of malware detected in six countries in Southeast Asia. — Source Kaspersky There was a huge jump in the number of threats targeting small and medium-sized businesses (SMB) in Việt Nam in the first half of the year, global cybersecurity and digital privacy company Kaspersky has said. According to the latest statistics from Kaspersky Security Network (KSN), until May some 1,120 SMB employees encountered malware or unwanted software disguised as business applications. Of them, 710 got distributed. The number of threats targeting SMBs it detected and blocked increased from 1,240 in H1 2022 to 25,194 in H1 this year, Kaspersky said. Malware, an umbrella term for “malicious software”, is designed by and for professional cybercriminals to cause harm to a user’s device or network. It encompasses a variety of cyberthreats such as Trojan and other viruses (ransomware is a form of malware). Malware attacks are destructive to small businesses as they can cripple … [Read more...] about Cybersecurity threats on the rise in Việt Nam’s SMB sector: reports