Nrl what the experts say round 7

According to the report, despite the challenging global economic environment, the outlook for the Vietnamese economy is still favorable according to the baseline forecast. Due to the impact of the low starting point, GDP is expected to grow by 7.5 percent in 2022 and 6.7 percent in 2023, when growth returns to pre-pandemic levels at 6.5-7 percent. Meanwhile, the average inflation is expected to fall around 3.8 percent in 2022, with the rising trend continuing in the second half of 2022. “The fuel price shock is expected to dissipate in 2023, but the second round of spillover effect continues to happen, and the forecasted GDP growth rate of 6.7 percent for the year will cause CPI to increase to 4 percent in 2023 before dropping to 3.3 percent in 2024,” the report said. According to WB experts, with travel restrictions lifted and international tourists gradually returning, the service sector has been recovering strongly. Export growth of manufactured and processed industrial products … [Read more...] about WB releases report ‘Educate to Grow’ on Vietnamese economic situation

At the conference In November 2020, leaders of the People’s Committees of seven localities signed an agreement on tourism development cooperation. The program will focus on state management of the tourism industry, the development of tourism human resources and tourist products, and tourism promotion. According to a report, seven cities and provinces received a total number of visitors of 17.7 million and earned VND63, 000 billion (US$2.7 billion) in tourism revenue in 2021. In the first six months of this year, the business outcome of tourism activities saw positive signs thanks to tourism reopening policies. The total number of tourists was estimated at around 32.9 million, including one million international visitors while the revenue from tourism was VND87, 900 (US$3.76 billion). Standing Vice Chairman of the People’s Committee of Quang Ngai Province, Tran Hoang Tuan speaks at the event. Speaking at the event, Standing Vice Chairman of the People’s Committee of … [Read more...] about North-Central-South tourism connectivity enhanced

Vietnamese picture books come back in favor Only one month after its release, the Kim Dong Publishing House's series of picture books Chuyen o trong rung Vi vu (Stories in the Vi vu forest) of writer Truong Huynh Nhu Tran has been re-published. Being an author of children's literature, writer Huynh Nhu said that re-publishing of the picture books is of great pleasure for her as she has tried writing picture books just for a short time. With his experience in the publishing sector for years, Mr. Phan Cao Hoai Nam, editor of Kim Dong Publishing House, said that nowadays, children are afraid to read books with many words, so picture books are very much in favor. In addition, parents are so busy that they have spent little time reading books with their children; therefore, they resorted to short picture books to interact with their children. That is the advantage of picture books now, explained Mr. Phan Cao Hoai Nam. Several local authors such as Dao Trung Uyen, Phuong Huyen, … [Read more...] about Vietnamese picture books come back in favor

At the press conference to release the report. (Photo: WB Vietnam) According to the latest economic update by World Bank (WB) for Vietnam, the country’s economy expanded 5.2 percent in Q4 of 2021, and respectively 5.1 percent and 7.7 percent in Q1 and Q2 of 2022. Inflation is projected to average 3.8 percent over the year. Carolyn Turk, WB Country Director for Vietnam, said that the bi-annual report “lays out a set of policy recommendations that could help mitigate the impact of these risks and make the economy more resilient going forward.” Titled “Taking Stock: Educate to Grow”, this edition underlines transforming the higher education system as the key to boosting the country’s productivity and achieving its development goals, in the context where the country re-emerges from the pandemic and into a challenging global environment. The report’s co-author Dorsati Madani said that while Vietnam’s economic recovery had been relatively stable, not all sectors witnessed the same … [Read more...] about Vietnam’s economic growth forecast at 7.5 percent in 2022: World Bank

Vietnamese Ambassador in the US Nguyen Quoc Dung (third from the right) receives the handover of illegally-obtained cultural artefacts originating from Vietnam from the FBI. (Photo: VNA) Washington (VNA) – A number of illegally-obtained cultural artefacts originating from Vietnam have been returned to the Southeast Asian nation by the US Federal Bureau of Investigation ( FBI ). The transfer took place at the Vietnamese Embassy in Washington last week in the presence of representatives from the US’s Department of State and Department of Homeland Security. According to FBI, the US agency took possession of more than 7,000 artefacts illegally acquired by an American citizen during an operation from 2013 – 2014. It is the largest single discovery of cultural property in FBI history. A year before his death, the man agreed to relinquish these items and wished to return them to their rightful owners. With the help of experts, the FBI has managed to identify several … [Read more...] about FBI hands over illegally-acquired cultural artefacts to Vietnam

The HCMC office worker first heard of the NFT-based game last summer, and, after a few weeks of research, decided to invest US$1,000 into three non-fungible tokens linked to in-game characters called "axies." Axies and "smooth love potion" (SLP), the game’s reward for winning battles using axies, are its two selling points since they can be exchanged into money. Axies can also be "bred" with SLP and another token called AXS to produce new NFTs. Price of Axies, SLP and AXS suddenly surged last year, tracking the boom in the popularity of the game as players from developing countries found it a prominent source of income amid the Covid-19 pandemic. Kha then quit his job and invested all his savings in the game, but prices have fallen since the end of 2021 without any signs of recovery. In March its Ronin network was hacked, and some $625 million worth of Ethereum and USDC cryptocurrencies was stolen. An AXS token now is worth $18, a 10th of its peak price last year. Kha … [Read more...] about As profits disappear from NFT game Axie Infinity, so too do players

The transaction worth about VND87 billion ($3.78 million) was done on August 2 by NutiFood Binh Duong Nutrition Food JSC. After the transaction, NutiFood increased its ownership ratio in Quang Ngai Sugar to 19 million shares, equaling a 5.33 per cent stake. NutiFood is the fourth-largest shareholder in Quang Ngai Sugar, following Thanh Phat Trading Co., Ltd, general director Vo Thanh Dang, and investment fund VinaCapital. This ownership ratio is still quite low, however, since the end of last year, there have been many speculations on the stock market that NutiFood is trying to increase its influence in Quang Ngai Sugar . Quang Ngai Sugar could be an ideal piece for NutiFood to increase market share in the food and beverage sector. Notably, at the end of last year, Phuoc An Coffee JSC – a member of NutiFood deputed an expert of RongViet Securities Corporation to hold 29.35 million shares, equaling an 8.2 per cent stake in Quang Ngai Sugar. Meanwhile, … [Read more...] about NutiFood becomes major shareholder in Vinasoy’s owner

Spain has finally accepted Vietnam’s new-style passports after rejection due to their missing place-of-birth information. A new Vietnamese passport The Spanish Embassy in Vietnam on August 8 issued a notice saying that they would officially recognise Vietnam’s new-style passports after finalising mandatory technical consultations with competent central agencies in Spain. "From August 8, the embassy will accept applications for visas from holders of Vietnamese new passports," the embassy said in the notice. "However, since stating the information about the place of birth is a mandatory requirement to obtain a Schengen visa, applicants holding the new passports must submit a valid National Identity Card/ID to prove their place of birth." The embassy also noted that older passports would continue to be processed normally without being impacted by similar territorial restrictions. Earlier, Spain, Germany, and the Czech Republic announced that they wouldn't … [Read more...] about Spain accepts new Vietnamese passports

Representative from PetroVietnam Camau Fertilizer JSC receives insignia as one of top 50 listed firms in Vietnam in 2022. Hanoi (VNA) – Four member companies of the Vietnam Oil and Gas Group (PetroVietnam) have been named in the list of the top 50 listed firms in Vietnam in 2022 compiled by Forbes Vietnam . They are Petrovietnam Gas Corporation (PV Gas), PetroVietnam General Service Joint Stock Corporation (Petrosetco), PetroVietnam Fertilizer and Chemicals Joint Stock Corporation (PVFCCo), and PetroVietnam  Camau Fertilizer JSC. PV Gas is at the ninth place in the list this year. This is the 10th consecutive year that the company has been honoured in the list. The company posted record revenue and profit in the first six months this year, with net turnover at 54.342 trillion VND (2.32 billion USD at current exchange rate), up 35% year on year and after-tax profit at 8.637 trillion VND, up 98% year on year. In the period, PV Gas produced and supplied more than 1 billion … [Read more...] about Four subsidiaries of PetroVietnam named in Forbes Vietnam’s list of top 50 listed firms

Emart Go Vap in HCM City. THACO wants to turn Emart into a leading supermarket chain in Viet Nam. — Photo courtesy of THACO Emart Vietnam plans to open two hypermarkets in HCM City this year, one in Thu Duc City’s Thu Thiem area in October and the other in Go Vap District in December. Chun Byung Ki, general director of THISO Retail, revealed this information at the 2022 Emart Partners Day in HCM City on August 5, which was attended by more than 500 suppliers, saying the chain aims to have 20 stores across the country and revenues of US$1 billion by 2026 to become the hypermarket chain with a largest market share. Emart Sala Thu Thiem will spread over an area of ​​more than 6,000sq.m inside THISO Mall in Thu Duc City. With its outstanding facilities, Emart Sala Thu Thiem will seek to provide modern and differentiated shopping experiences to customers living in high-end residential areas and their neighbourhoods. Emart Phan Huy Ich in Go Vap District will be located at the … [Read more...] about THACO determined to turn Emart into leading supermarket chain in Viet Nam