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Thuy is a third-year Ph.D student at Rutgers University where she is studying applied mathematics. Last October, she submitted her resume to Google in the hope of landing a research internship in the field of science and technology. However, that plan is currently on hold due to the recent layoffs in the sector. "I feel like I’m in limbo," she said. Thuy is disappointed because she put in a lot of work preparing for interviews with companies she had applied to, which have recently put these jobs on hold again due to the current job cuts. The Vietnamese student revealed that she had applied to be an intern at Amazon, but in November 2022, she received a notice saying that the interview had been postponed. And then she surprisingly heard nothing more about her application. It was also disconcerting for Huy Anh, a third-year computer science student at Texas A&M University, to see the social media app Snap Inc let go of 20% of its staff, including his mentor, during the final … [Read more...] about US big tech mass layoffs leave Vietnamese international students in limbo

As of the end of last year, the total outstanding loans for real estate projects in Vietnam hit over VND1,200 trillion (US$51.5 billion), according to the Ministry of Construction. Property enterprises borrowed some VND800 trillion ($34.1 billion) from banks and issued bonds worth roughly VND419 trillion ($17.9 billion) via private placement. In particular, banks offered loans worth about VND180.7 trillion ($7.7 billion) for urban area and housing projects in 2022, or 22.8 percent of the total loans for the real estate sector. In addition, loans for office for lease projects and industrial and export processing zones stood at more than VND41.8 trillion ($1.8 billion) and VND40.1 trillion ($1.7 billion), respectively. Meanwhile, investors of tourist site and resort projects asked for loans of nearly VND32.7 trillion ($1.4 billion). The figures were over VND57.5 trillion ($2.45 billion) for restaurant and hotel projects, VND144.2 trillion ($6.1 billion) for projects to build … [Read more...] about Property loans in Vietnam top $51bn in 2022

Tuan Huy is a former student of the Gifted High School of Vietnam National University in Ho Chi Minh City. He previously won two gold medals at the International Mathematical Olympiad (IMO) in 2013 and 2014. The Ho Chi Minh City native achieved a bachelor’s degree in Mathematics and a master’s degree in Statistics from Stanford University. He is set to receive his PhD at Stanford University this year. Huy is currently a fourth-year PhD student majoring in mathematics at Stanford University. At present, Huy has published a total of 28 papers in international journals on Mathematics. He became the first Vietnamese to receive the Clay Research Fellow ships, an award for young mathematicians, who have just graduated or are about to graduate with a doctorate. In addition, he is the second Vietnamese person to receive the honor from the CMI, after Professor Ngo Bao Chau in 2004./. VNA … [Read more...] about Young Vietnamese talent awarded Clay Research Fellowships

Brent crude futures crawled up 16 cents, or 0.2%, to $80.10 a barrel at 0022 GMT, while U.S. West Texas Intermediate (WTI) crude futures rose 15 cents, also 0.2% higher, to $73.54 a barrel. Last Friday, WTI and Brent slid 3% after strong U.S. jobs data raised concerns that the Federal Reserve would keep raising interest rates, which in turn boosted the dollar. While recession fears dominated the market last week, on Sunday International Energy Agency (IEA) Executive Director Fatih Birol highlighted that China's recovery remains a key driver for oil prices. The IEA expects half of global oil demand growth this year will come from China, where Birol said jet fuel demand was surging. He said depending on how strong that recovery is, the Organization of Petroleum Exporting Countries (OPEC) and allies, together called OPEC+, may have to reassess their decision to cut output by 2 million barrels per day through 2023. "If demand goes up very strongly, if the Chinese economy … [Read more...] about Oil prices edge higher as IEA’s Birol talks up China demand outlook

Of the total, the number of international passengers reached 2.3 million, a 10% rise month on month, while the number of domestic passengers was 7.5 million, an increase of 15% month on month. Domestic airlines carried 4.85 million passengers, up 13.4% including 1.1 million international passengers and 3.75 million domestic ones. About 112,000 tonnes of cargo were handled at the airports in the first month of 2023, up 11.6% compared to December 2022. During the 7-day Lunar New Year (Tet) holiday, airports across the country served more than 1.9 million passengers, an increase of 58%, and more than 7,600 tonnes of cargo, down 11.6% compared to the same period of the Lunar New Year in 2022. Particularly, Vietnamese airlines transported more than 967,000 passengers and 1,550 tonnes of cargo, an increase of 60.7% and 28.4% respectively compared to the same period last year. Tan Son Nhat International Airport in Ho Chi Minh City saw 20,975 flights, an increase of about 26.5% over … [Read more...] about Airports serve more than 9.8 million passengers in January

During their meeting, FM Son and Cambodian Deputy Prime Minister and Foreign Minister Prak Sokhonn were pleased with the fruitful developments of the bilateral relationship in recent times, and agreed to continue promoting the exchange of high-level visits via all channels, enhancing people-to-people exchange; maintaining and optimizing the effectiveness of existing bilateral cooperation mechanisms; fostering economic connections; strengthening cooperation between localities, especially those that share borders; and exerting effort to speed up tourism recovery. They also agreed to accelerate negotiations towards completing the remaining 16% of the land border demarcation and marker planting in order to build a common borderline of peace, friendship, cooperation and sustainable development between the two nations; and closely coordinate at regional and international forums as well as sub-regional mechanisms, and support each other's candidacy to multilateral organizations. Sokhonn … [Read more...] about Foreign Minister meets Cambodian, Philippine, Malaysian counterparts

According to Indonesian Foreign Minister Retno Marsudi, the meeting had substantive discussions on key issues, focusing on evaluating the implementation of ASEAN's Five-Point Consensus (5PC) on Myanmar; regional and international issues; and the relations between ASEAN and partners. Regarding Myanmar, Indonesia, as the ASEAN Chair in 2023, mentioned the implementation of 5PC, emphasizing that the consensus has important significance and demonstrates ASEAN's unity in solving issues related to Myanmar. ASEAN Foreign Ministers reaffirmed a unified approach to the implementation of the 5PC in order to settle the political crisis in the bloc’s member nation as well as to ensure humanitarian assistance programs for Myanmar people, especially the Rohingya Muslims. Regarding the theme of the meeting “ASEAN Matters: Epicentrum of Growth,” ASEAN member countries agreed on important contents to push towards positive outcomes, and mobilize resources to develop ASEAN Blue Economy Framework as … [Read more...] about ASEAN Foreign Ministers’ Retreat wraps up

Phan Thi Hue, head of the Legal Inspection Department under the Vietnam Directorate of Fisheries, noted that the EC will not try to remove the ‘yellow card’ regarding the detection of fishing vessels encroaching in foreign waters. An EC report in May warned that it is likely to impose ‘a red card’ on Vietnamese seafood in the event that violations on fishing regulations are not handled in a quick manner. The EC has therefore highlighted Vietnamese determination and efforts to gradually reduce the number of fishing vessels violating regulations regarding IUU fishing in foreign waters located in the Pacific region. It also spoke highly of the country’s goodwill, co-operation, transparency, and honesty in providing information about the fishing vessel database, as well as issuing a legal framework in line with international standards towards sustainable and responsible fishery management and international integration. Despite this, IUU inspection missions to several localities … [Read more...] about Greater efforts aim to remove Vietnam from IUU fishing warning

Foreigners visit Ho Chi Minh City during the Lunar New Year (Tet) celebration. (Photo: VNA) Jakarta (VNA) – Deputy Minister of Culture, Sports and Tourism Doan Van Viet together with other tourism senior officials in ASEAN countries attended the 26th Meeting of ASEAN Tourism Ministers (M-ATM) that opened on February 4 in Yogyakarta, Indonesia . Participants in the event that is part of the ASEAN Tourism Forum( ATF) 2023 heard a report and gave comments on the results of the 57th meeting of the ASEAN National Tourism Organisations, considered the agenda of M-ATM 3 (ASEAN plus China, Japan, and the Republic of Korea); M-ATM-India and M-ATM -Russia; and attended consultations with international organisations. The meeting also reviewed and approved the Chairman's Statement and 26th meeting of M-ATM Minutes. Speaking at the event, Deputy Minister of Culture, Sports and Tourism Doan Van Viet said that 2022 witnessed a rapid recovery of the regional tourism industry. … [Read more...] about Vietnam attends 26th Meeting of ASEAN Tourism Ministers in Indonesia

Flight passengers at Noi Bai International Airport.(Photo: VNA) Hanoi (VNA) – The Civil Aviation Administration of Vietnam (CAAV) has asked agencies under its wing to strengthen inspection and supervision to promptly detect and handle smuggling by air. CAAV asked northern, central and southern airport authorities to intesify supervision to prevent and combat smuggling, commercial fraud, and counterfeit goods of relevant agencies, units, organisations, and individuals in areas under their management. ACV ) and Van Don International Airport are asked to closely coordinate with relevant units to organise training for the aviation security force so that they are equipped with the proper skills and knowledge to detect counterfeit goods. VNA … [Read more...] about Airline agencies asked to tighten control over smuggling by air