Vietnam will face Indonesia on June 7, Malaysia on June 11 and the United Arab Emirates (UAE) on June 15 at the Asian Qualifiers of the FIFA World Cup Qatar 2022, instead of meeting Malaysia first as the old schedule, according to the Asian Football Confederation (AFC). Vietnamese football star Nguyen Quang Hai (R) - Illustrative image (Photo: VNA) Vietnam are leading with 11 points from five matches and need to finish top of Group G to confirm their place in the third round of the Asian Qualifiers, which will also guarantee them a place in the AFC Asian Cup China 2023 Finals. While Indonesia are out of the running, Malaysia, Thailand and United Arab Emirates still have a chance, setting the stage for an exciting end to Group G. “The goal is that we get a card to the final round of the Qualifiers for the World Cup,” said Vietnamese team’s head coach Park Hang-seo. “In 2021, the Vietnamese football team will play in some important tournaments and they are great challenges. Our success is in the past, but now the team must look to the future.” “This is a busy year, so we will have to allocate strength for major tournaments such as the Asian Qualifiers, the AFC U23 Asian Cup Qualifiers, the SEA Games and AFF Cup,” said Park to local media. …
Tears 4 fears mad world
World Bank reaffirms support for Vietnam’s socio-economic development
PANO - The 14 th ASEAN Finance Ministers Meeting opened in Nha Trang on April 8 th with the participation of the representatives from the World Bank, the Asian Development Bank and the International Monetary Fund. Addressing the event, Mr. Juan Jose Daboub, the World Bank’s Managing Director, congratulated ASEAN on its role from the start of the global economic crisis. He said developing countries of the East Asia & Pacific region are the first to emerge from the global economic crisis and have the potential to grow rapidly in the next decade despite the uncertainties in the global economy, if they carry out reforms with renewed vigor and further cooperate on regional economic integration and climate change. The WB Managing Director also discussed with Deputy Prime Minister Nguyen Sinh Hung and Governor of the State Bank of Vietnam, Nguyen Van Giau, recent economic and social developments in Vietnam as well as their partnership in support of the country’s development. Mr. Daboub affirmed the World Bank’s willingness to continue its support to Vietnam in the country’s transition to a market economy and scale up its financial assistance to Vietnam to help narrow the infrastructure gap, strengthen access to basic social services, particularly in poorer ethnic minority communities, and tackle emerging middle income country challenges such as building capacity, strengthening research and technology and expanding targeted social protection systems. He also announced that the World Bank’s financial commitments since July 2008 have reached US$100 billion For their part, Deputy Prime Minister Nguyen Sinh Hung and Governor Nguyen Van Giau. all expressed hope that the Bank will continue to provide Vietnam with valuable support for the country’s socio-economic development. By Vu Hung - Photo: VOV …
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Global economy: Fragile confidence in early 2021
The survey notes that the global economy contracted by around 4.5 percent in 2020, the biggest fall in global activity in several decades. Having recovered from lockdown-imposed weakness in the first half of the year, many economies again faced weakness as a second wave of COVID infections triggered renewed lockdowns. The survey envisions a steady recovery this year, but continued uncertainty limits the bounce in consumer and busines confidence, with pre-crisis output not being reached until mid-2022. The survey also indicates that the Global orders, employment and capital investment indices recorded a further modest improvement, but still point to activity well below the pre-crisis level in the fourth quarter of 2019. The “fear” indices which means the concern about customers and suppliers going out of business, edged lower in the fourth quarter (Q4) of 2020 but remain elevated, clearly underlining the extreme uncertainty in the global economic outlook at the start of 2021. At the same time, inflation concerns remain negligible with concern about costs staying close to an all-time low. “Last year was the worst for the global economy for several decades,” said Warner Johnston, Head of ACCA USA. “2021 will see recovery, but precisely when and how strong it will be is very uncertain. We anticipate a weak start, followed by a recovery gathering momentum through the second half. Much depends on the evolution of the COVID virus and variants relative to the progress of vaccination programs, and there is great uncertainty surrounding these developments.” Agreed with this points, Raef Lawson, IMA vice president of research and policy analysed the policy responses to the pandemic that have left public finances of most economies in a perilous state with budget deficits in the range of 10 percent to 15 percent of GDP in many countries with debt to GDP ratios well over 100 percent. In North America, confidence dropped in Q4, having jumped by the most on record in Q3. …
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