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ADB experts at the press conference (Photo: Vietnam+) Hanoi (VNA) - ADB experts forecast that Vietnam's economy could recover at 6.5 percent this year and grow stronger at 6.7 percent in 2023, due to high vaccination rates and the implementation of expansionary fiscal policies. On April 6, the Asian Development Bank (ADB) released the Asian Development Outlook Report (ADO 2022), which stated that the Vietnamese economy is ready for a strong recovery in the context of global economy instability. GDP reaches a high level ADB experts forecast that Vietnam's economy could recover at a rate of 6.5 percent this year and grow stronger at 6.7 percent in 2023 due to high vaccination rates, trade promotion and continued implementation of expansionary fiscal and monetary policies. Andrew Jeffries, ADB Country Director for Vietnam, said that high vaccination rates have allowed the Vietnamese Government to lift strict pandemic containment measures. The timely shift in pandemic … [Read more...] about Vietnam’s economy recovers strongly amid global instability: ADB

The firefighters try to extinguish the flame. Thua Thien - Hue Province History Museum used the place to display artifacts featuring revolutionary movements during the resistance war against the French colonialists. In a short time, an intense flame broke out in the entire house. The museum staff screamed for help and quickly brought the exhibits outside. Fire trucks, dozens of firefighters and police forces were sent to the scene to control the fire and prevent it from spreading. The fire was finally extinguished after an hour later. A portion of the roof of the house collapsed after the incident. The fire's cause is under investigation. Imperial Academy - Quoc Tu Giam is a historical and cultural relic and the only university of the Nguyen Dynasty that is currently preserved. Quoc Tu Giam relic along with the complex of monuments under the Nguyen Dynasty was listed on the UNESCO World Heritage Site in 1993. By Van Thang- Translated by Huyen Huong … [Read more...] about Fire engulfs ancient house inside Quoc Tu Giam relic site in Hue City

An additional 2,814 more Covid-19 infections were confirmed in Vietnam on Tuesday while the country reported three deaths relating to the disease, according to the Ministry of Health. Illustrative photo According to the ministry's report, the national caseload has so far increased to 11,373,276. On August 17, an additional 5,298 more patients recovered from the disease, raising the number of recoveries in the country to over 10.04 million. On Wednesday evening, three deaths from Covid-19 were recorded, raising the country's total fatalities to 43,103, accounting for 0.4 per cent of total infections. By August 17, the country had injected more than 252 million doses of Covid-19 vaccines. Vietnam has not yet drafted plans to give Covid-19 vaccines to children under five years old. The country is targeting the completion of Covid-19 inoculation for children aged between 5 - 11 in August, as well as the administration of the third shot for those aged 12 - … [Read more...] about Additional 2,814 new Covid-19 cases confirmed on Wednesday, three deaths

Angkor Wat, a UNESCO world heritage site, is the tourist icon of Cambodia. (Photo: Khmer Times) Phnom Penh (VNA) - Cambodia expects to welcome 1.2-1.3 million international tourists in 2022, said Director General of Tourism Development and International Cooperation at the Ministry of Tourism Thong Rathasak. Recovering fast from the COVID-19 downfall, Cambodia is banking on increased arrival of foreign tourists this year, compared to the last two years. According to Rathasak, the Southeast Asian nation served over 500,000 foreign visitors in the first half of this year, and this was a good comeback compared to the number of 200,000 tourist arrivals last year.. COVID-19 was a big lesson as Cambodia n people learned to coexist with a pandemic, he said, hoping that people who left the tourism sector would come back and rebuild their businesses or careers. For Cambodia, 2022 started well as it got the chance to organise the ASEAN Tourism Forum (ATF), which was … [Read more...] about Cambodia eyes to serve 1.3 million foreign tourists in 2022

HD SAISON has unveiled a preferential loan package of VND10 trillion (US$429.78 million) for workers at industrial parks across the country with the stated goal of protecting them from loan sharks. — Photo courtesy of the company HD SAISON, a subsidiary of HDBank, has earmarked a loan package of VND10 trillion (US$429.78 million) at half the market interest rate for workers at industrial parks across the country. Through this, it hopes to help the government stabilise the economy and ensure social security, and protect workers from loan sharks. Workers expressed happiness on hearing about the package. HD SAISON will lend from this package until the end of 2023 at an interest rate of 20 per cent a year compared to the normal rate of 40-50 per cent. Borrowers can roll over their loans for several years. For the sake of workers An HD SAISON spokesperson said the company was honoured to be chosen by the Government and the State Bank of Vietnam as one of two consumer finance … [Read more...] about Why do workers opt for HD SAISON’s loan package?

Vincom shopping mall in Ha Noi. Vingroup (VIC) was the biggest contibutor to the VN-Index yesterday with a growth of 2.1 per cent. — VNS Photo Mai Huong Shares eked out a gain in HCM City but lost ground in the last trading minutes in Ha Noi amid rising investor caution at the high price range. On the Ho Chi Minh Stock Exchange, the VN-Index inched up 0.05 per cent to close yesterday at 1,275.28 points – its third rally session this week and fourth since last Friday. The market breadth was negative, however, with 191 stocks rising, 252 falling and 118 closing flat. Realty stocks backed the market as half the top 10 shares lifting the VN-Index were real estate firms. Vingroup (VIC) was the biggest contributor with a growth of 2.1 per cent, followed by No Va Land Investment Group (NVL), Phat Dat Real Estate Development (PDR) and Investment and Industrial Development Corp (BCM) with gains of between 1.7 per cent and 7 per cent. Beverage companies also performed well with the … [Read more...] about Shares eke out gains in HCM but investors watch out at high price range

The event was co-hosted by the Ministry of Agriculture and Rural Development (MARD), the Ministry of Health (MOH) and the United Nations Development Program (UNDP). Speaking at the event, MARD Deputy Minister Phung Duc Tien said the Vietnamese Government, ministries, agencies and partners are paying attention to minimizing the possible emergence and spread of pathogens in human-animal-ecosystem interaction, strengthening the management of food safety, overseeing and preventing antibiotic resistance, recovering and controlling emerging and re-emerging epidemic risks, and controlling environmental factors that potentially affect the health of humans, animals and plants. He added that as an important bridge connecting the MARD, the MOH, the Ministry of Natural Resources and Environment (MONRE) with sponsors and development partners, the OHP has made constant efforts to promote inter-sectoral cooperation at high levels and pooled the support of the global community to help Vietnam join … [Read more...] about High-Level Forum on One Health Partnership Framework opens