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This preliminary assessment was made by the ASEAN+3 Macroeconomic Research Office (AMRO) after its Annual Consultation Visit to Vietnam from May 3 - 18. “The Vietnamese economy is expected to grow at 6.3 percent in 2022 and 6.5 percent in 2023. Inflation is projected to remain contained,” said AMRO Group Head and Lead Economist Kalra. “This positive outlook rides on strong external demand, a recovery in domestic consumption and healthy investments inflows, bolstered by an appropriate macroeconomic policy stance.” The domestic outbreak of the Omicron variant receded sharply in April 2022, and border restrictions and domestic containment measures were eased. The aggregate output gap is expected to narrow significantly by the end of this year. The recovery is, nevertheless, uneven across sectors. While both the manufacturing and service sector outputs have surpassed their 2019 levels, the service sector still has pockets of distress, especially in the tourism, hospitality and … [Read more...] about AMRO forecasts Vietnam’s strong recovery amid external headwinds

Vietnamese representative Phung Truong Tran Dai officially unveiled an outfit that she will wear during the National Costume Competition at the Miss International Queen 2022 pageant set to take place in June in Thailand. The outfit has been designed by Nguyen Minh Triet and draws inspiration from the motifs of rice, storks, cranes, sun, and Ao Dai, the nation’s traditional long dress Most notably, the highlight of the design is the headdress which takes its inspiration from the sun. The costume is primarily comprised of silk and aims to honour the beauty of Vietnamese women. This marks the third time that the nation has sent contestants to the transgender pageant, one of the world's leading beauty pageant for transgender women. This comes after Vietnamese representative Nguyen Huong Giang won Miss International Queen 2018 the first time the nation sent a competitor to the pageant. … [Read more...] about Vietnam unveils national costume for Miss International Queen 2022

Tran Quyet Chien claims a SEA Games gold medal in three-cushion carom on May 22. (Photo: VNA) Hanoi (VNS/VNA) — Tran Quyet Chien proved why he’s the world No. 3 in three-cushion carom after beating Nguyen Duc Anh Chien in an all-Vietnamese final of the ongoing 31st Southeast Asian Games (SEA Games 31) on May 22. Despite being one of the best carom players, this is the first SEA Games gold medal for Quyet Chien as this category is rarely held at the SEA Games. The final got off to a very even start with both players closely following each other on every point. However, against one of the world’s best, Anh Chien couldn’t keep his momentum and missed a few tough shots when the match was getting more intense. And that Quyet Chien left his compatriot far behind as the 38-year-old showed his class, scoring consecutive points to take a big 31 -16 lead. Anh Chien’s massive late effort helped the world top 20 player to narrow the gap to 35-24 before Quyet Chien sealed … [Read more...] about Vietnam triumph in SEA Games 31 three-cushion carom

National carrier Vietnam Airlines remained in the red in the first quarter of this year, with losses of nearly US$113 million, despite its revenue rising to a two-year high. The airline posted a loss of VND2.621 trillion ($112.9 million) over the first three months of 2022, according to its Q1 consolidated financial statements issued on Friday. The loss was recorded even though the flag carrier logged revenue of more than VND11.6 trillion ($500 million) in the period, up 55 percent year on year, the highest performance since the second quarter of 2020, when COVID-19 began to severely affect Vietnam’s aviation industry. The impressive revenue failed to cover the total cost that was higher than expected, leading to the firm’s ninth consecutive quarterly loss, the carrier said. Vietnam Airlines’ fuel expense in the quarter was VND465 billion ($20 million) more than projected given rising world oil prices, VnExpress cited the company as saying. The Q1 result has brought the … [Read more...] about Vietnam Airlines suffers $113mn Q1 loss despite revenue surge

HOÀNG HỒ HÀ NỘI — Trần Quyết Chiến proved why he’s the world number 3 in three-cushion carom after bettering Nguyễn Đức Anh Chiến in an all-Vietnamese final at Hà Đông Gymnasium on May 22. Despite being one of the best carom players, this is the first SEA Games gold medal for Chiến as this category is rarely held at the SEA Games. The final got off to a very even start with both players closely following each other on every point. However, against one of the world’s best, Anh Chiến couldn’t keep his momentum and missed a few tough shots when the match was getting more intense. And that Quyết Chiến left his compatriot far behind as the 38-year-old showed his class, scoring consecutive points to take a big 31-16 lead. Anh Chiến’s massive late effort helped the world top 20 player to narrow the gap to 35-24 before Quyết Chiến sealed the final with five world-class shots to be crowned the champion. With his first SEA Games title, Trần Quyết Chiến became the second Vietnamese … [Read more...] about Việt Nam triumph in three-cushion carom

Lê Thị Hiền celebrates winning the women's 60kg event. VNA/VNS Photo Tuấn Anh Thanh Nga HÀ NỘI — Việt Nam's vovinam proved their strength at the SEA Games 31 as the team topped the rankings after the final day of competition on May 22. The Vietnamese team won a total of six gold, six silver and two bronze medals to take the lead. Lê Thị Hiền brought home the only gold medal on May 22 in the women's 60kg event. In the qualifying round, the central province of Thanh Hóa-born player overcame Pech Chomno of Cambodia, and then defeated Zephania Ngaa Paga of the Philippines in the semi-finals. The final match between Hiền and Kesinee Tabtrai of Thailand was dramatic and fierce. With better skills and experience, Hiền won 5-2. Head coach of the national vovinam team, Nguyễn Tấn Thịnh, said that the big success that vovinam gained at the Games 31 was to widely promote its image to the public and international friends. Vovinam is now being received more and more actively … [Read more...] about Vietnamese vovinam tops team rankings

Vietnamese (in red) and Thai players vie for the ball at the final on May 21. (Photo: VNA) Hanoi (VNA) – The media in Thailand ran many articles on the women’s football final between their country and hosts Vietnam at SEA Games 31 on May 21. Vietnam won over Thailand 1- 0 in the match, freshly following which State President Nguyen Xuan Phuc and Prime Minister Pham Minh Chinh sent their congratulations to the team. In its story, the Daily News said the final, held on Cam Pha Stadium of Quang Ninh province, was a game between equally talented teams, but Vietnam were in the lead thanks to a goal by Huynh Nhu at the 59th minute to grab the gold medal. The newspaper also mentioned the Vietnamese team’s top place in the region for seven times, including golds at three consecutive SEA Games. Meanwhile, Thailand earned the silver medal for straight three times and the gold at the region’s biggest sporting event for five times. Siam Sports reported despite encouragement from … [Read more...] about SEA Games 31: Thai media comment on Vietnam’s win in women’s football final

Russia has agreed to assist Vietnam in building an e-government as well as help the Southeast Asian country ensure information safety, a Russian deputy minister for digital development said in Hanoi on Monday. Russian Deputy Minister of Digital Development, Communications and Mass Media Mikhail Mamonov is leading a delegation on a working visit to Vietnam from February 18 to 20. The guests, including Russian experts and firm representatives, had a working session with Vietnamese Minister and Chairman of the Government Office Mai Tien Dung in Hanoi on Monday. Vietnamese Prime Minister Nguyen Xuan Phuc established the National Committee on E-Government and assigned the Government Office to work with the Ministry of Information and Communications, and relevant agencies to build a detailed plan for the 2019-2020 period, Dung said at the meeting. Vietnam will launch platforms on data sharing and put into operation a national public services portal, with a view to building smart … [Read more...] about Russia to assist Vietnam in building e-government