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Vietnam impresses regional sports delegations and visitors who felt nothing but warmth, friendship, and hospitality. Vietnam has helped raise the level of the Southeast Asian Games (SEA Games) by including Olympic and Asian Games (ASIAD) sports in the competition program. Ramon Fernandez, Head of the Philippines sports delegation, gave the idea when sharing some impressions on the organization, and the qualification of international referees in SEA Games 31 that was held in Hanoi and 11 nearby localities. He said the host country has been very open and tried to create a fair game, contributing to raising the level of SEA Games. Other delegations supported Vietnam’s model and vowed to bring more Olympic athletes to the SEA Games. Vietnam is believed to help raise level of SEA Games. Photos: The Hanoi Times Vietnam finished top at the 31st Southeast Asian Games (SEA Games 31) which concluded today [May 23] after two weeks of competition. Its athletes won … [Read more...] about SEA Games 31 concludes: Vietnam helps raise regional sports level

Inside one of the country's biggest rice warehouses Ms. Tran Le Dung, First Secretary in charge of the Vietnam Trade Office in Malaysia, said that soil in Malaysia is not suitable for rice cultivation; thus, the country's agriculture focuses on oil palm and rubber trees while its rice self-sufficiency can only meet about 60 percent of domestic demand. Therefore, every year Malaysia has to import from 900,000 to 1 million tons of rice  to meet domestic demand and its reserve. The country often imports long white rice, which is very popularly grown in Vietnam. However, it is not easy for Vietnamese enterprises to export rice to this market. The Malaysian government has assigned Padiberasnasional Berhad Group (Bernas Berhad) to be the exclusive importer of the long white rice to meet the domestic demand. Accordingly, Vietnamese export companies that want to export rice there must sign a contract with Bernas Berhad. Currently, the Vietnam Southern Food Corporation is signing … [Read more...] about Vietnamese rice grain struggling to find position in rice export

GENEVA — The World Economic Forum’s Community of Chief Economists expects lower economic activity, higher inflation, lower real wages and greater food insecurity globally in 2022, pointing to the devastating human consequences of the fragmentation of the global economy. Reversing previous expectations for recovery, the majority of respondents to the latest survey expect only a moderate economic outlook in the United States, China, Latin America, South Asia and Pacific, East Asia, sub-Saharan Africa and the Middle East and North Africa in 2022. In Europe, the majority expect the economic outlook to be weak. The choices of both business and government are expected to lead to greater fragmentation in the global economy and unprecedented shifts in supply chains, creating a perfect storm of volatility and uncertainty. These patterns are expected to create further difficult trade-offs and choices for policy-makers, and – without greater coordination – shocking human costs. These are the … [Read more...] about Chief economists outlook warns of dire human consequences from the fragmentation of the global economy

Improved productivity, lower error rates According to the Vietnam Industry Agency under the Ministry of Industry and Trade (MoIT), the MoIT, the People's Committee of Hai Duong Province and Samsung Vietnam are implementing a February 2020 Memorandum of Understanding on improving production and quality of 15 local enterprises. Feedback from the business community points to improved productivity and reduced error rates. The program also helped change staff perceptions of the importance of meeting customer requirements not only in terms of price, quality, delivery but also in social responsibility through environmental protection and occupational safety. Improving capacity of supporting industry enterprises Another MOU between the MoIT, the People's Committee of Bac Ninh Province and Samsung Vietnam was also signed in 2020 on a six year sustainable development project for the local business community comprising enterprise improvement consultancy and supplier … [Read more...] about Coordination model proves effective in improving support industries