Time will end

About ten years ago, when rivers in Vietnam's Mekong Delta started to run low on fish and shrimp, dozens of local households left the region for the Central Highlands in an attempt to eke out a living by fishing in reservoirs. The fishing skills of the Mekong Delta fishermen were easily adapted to the Se San Reservoir in the Central Highlands province of Kon Tum, where 34 households, mostly from An Giang and Hau Giang Provinces in the Mekong Delta, have been coping well with the uncertainty of their new lives in the mountains. Fishing on a mountain Dang Van Thuoc, a 40-year-old man, was one of the first Mekong Delta fishers to leave southern Vietnam for Kon Tum. He currently earns a living fishing in the Se San Reservoir. A woman sits on a floating house on the Se San Reservoir in Kon Tum Province, Vietnam. Photo : Tran Hoa / Tuoi Tre Thuoc and his relatives first settled by a small reservoir in nearby Dak Lak Province but they soon realized competition … [Read more...] about Vietnamese fishermen move to mountain to make ends meet in Mekong Delta

At the press conference The biennial contest opening for Vietnamese people at home and abroad has seven categories, including economic growth, national defense, state management, communications, culture and arts, science and technology, and innovative startup, Deputy Head of the municipal Reward and Emulation Board Nguyen Hoang Hung said. This year’s competition will focus on discovering measures for the city’s economic development, works and solutions in studying and following President Ho Chi Minh's ideology, morality and lifestyle, mass mobilization activities, national defense and security tasks. The entries have been applied in practice from March 1, 2021, to March 31, 2023, and contributed to solving urgent issues in building and developing the city, or won awards in major competitions. The works must present their creativity, widespread application and immediate effect. An award-winning work reforming administrative procedures at the 2nd HCMC Creative Awards … [Read more...] about 3rd HCMC Creative Awards receives entries by the end of next March

Mr. Jerome Powell, Chairman of FED Many readers are now wondering how and why the US Federal Reserve Bank (FED) miscalculated on forecasting the current global inflation. In a talk with Saigon Investment, Prof. Dr. Tran Ngoc Tho discussed this issue further. JOURNALIST: - Sir, you are one person who has studied very carefully the inflation in many countries in general and the United States in particular. Please can you give Saigon Investment readers a basic sketch as to how this situation is prevailing and to its effect on other economies. Dr. Tran Ngoc Tho: - There are many factors explaining the current rising global inflation such as broken global supply chains, warming of the jobs market, loose monetary and fiscal stimulus packages, and the recent Russia-Ukraine conflict. It is not just the FED but almost all investors and financial institutions, not only in the US but also in most economies are wrong in believing that high inflation is a thing of the past. However, if … [Read more...] about US Federal Bank caught off guard by global inflation

On July 1 the 93-year-old woman in Hanoi's Nam Tu Liem District agreed to have her hair cut for the first time in her life on the condition that "it be gifted to cancer patients." "It used to take me several hours to wash my hair when I was younger because it used to reach all the way down to my calves. "Someone once advised me to cut it short to make it easier to care for but I refused." Nguyen Thi Lan before and after cutting her hair at her home in Hanoi’s Nam Tu Liem District. Photo by VnExpress/Quynh Nguyen She recently some bald patients on TV and wondered why "these women and girls do not have hair" and decided to cut her hair short to donate to them. Her granddaughter, Do Tuyet Minh, 34, explained to her that they were cancer patients undergoing radiation and chemotherapy, which caused hair loss. She joked with her grandmother about cutting her hair to donate to them. Everyone in the family assumed Lan would refuse. "But as soon as I mentioned … [Read more...] about Donors give cancer patients locks of hope

The ceremony marking the 40th anniversary of the Intellectual Property Office of Vietnam on July 29 (Photo: qdnd.vn) Hanoi (VNA) – The Intellectual Property Office of Vietnam (IPO) under the Ministry of Science and Technology celebrated its 40th anniversary with a ceremony in Hanoi on July 29. IPO Director Dinh Huu Phi said the establishment of industrial property rights is one of the focal tasks of the office since its inception and becoming increasingly important because the surging number of applications for industrial property requires better handling of applications while trade disputes and complaints are also on the rise. By the end of June, the IPO had received nearly 1 million applications for industrial property and granted nearly 600,000 certificates of industrial property protection of all types. The official also highlighted his office’s efforts to promote task performance by improving governance, reforming administrative procedures, applying … [Read more...] about Intellectual Property Office marks 40th anniversary

Many Vietnamese travel agencies have expressed their concerns over slumping revenue after the Czech Republic, Spain, and Germany refused to issue visas to holders of new Vietnamese passports. Nguyen Nguyet Van Khanh, deputy director of Vietravel's marketing department, stated that about 10-20 percent of the customers who book the firm’s tours to Europe are using the new passport form. Travelers often choose countries in the Schengen area, including France, Germany, Luxembourg, Belgium, the Netherlands, and Italy, Khanh elaborated. If customers’ trip includes the Czech Republic, Spain, and Germany and their visas get rejected due to the new passport form, the travel agency needs to adjust the original itinerary, which can be troublesome. Tourists can either choose to exclude these nations from their journeys or travel to other European countries instead, such as Switzerland and France. Regarding tours that must include Germany, Vietravel will only offer them to customers who … [Read more...] about Travel agencies on tenterhooks as 3 European nations stop accepting Vietnam’s new passport

The Seoul Metropolitan Government, in collaboration with the Seoul Tourism Organization, held the My Soul Seoul tourism promotion event in Ho Chi Minh City on Tuesday night at the GEM Center in District 1. The event commemorated 30 years of diplomatic relations between Vietnam and South Korea, attracting thousands of Vietnamese K-pop fans to partake in a range of intriguing activities such as art performances and Korean beauty and fashion programs. South Korean hairstylist Kiu instructs the audience how to create simple but eye-catching hairstyles at the My Soul Seoul event at the GEM Center in District 1, Ho Chi Minh, Vietnam, August 2, 2022. Photo: Hoai Phuong / Tuoi Tre According to Oh Se Hoon, mayor of Seoul, South Korea and Vietnam have marked 2022 as a significant year, offering a possibility for the two countries to strengthen bilateral relations and boost tourism and other industries in the future. “I want to thank the residents of Ho Chi Minh City who … [Read more...] about Korean tourism promotion event attracts thousands of visitors in Ho Chi Minh City

Pelosi's dramatic trip to Taipei, defying stark threats by China, overshadowed a meeting of Association of Southeast Asian Nations (ASEAN) foreign ministers in Phnom Penh, which had been expected to focus on the bloody crisis engulfing Myanmar. ASEAN spokesman Kung Phoak, Cambodia's deputy foreign minister, said ministers at the closed-door talks - meeting face to face for the first time since the pandemic - had expressed concern over "growing tension in the Taiwan Strait." "We hope that all sides will try their best to deescalate the tension there, avoid actions that may contribute to the escalation of tension and engage in dialogue," Kung Phoak told reporters. Malaysia and Thailand echoed the calls for calm, with Malaysian Foreign Minister Saifuddin Abdullah urging all sides to tread "very carefully." Thai foreign ministry spokesman Tanee Sangrat said the kingdom called for "utmost restraint" and warned against "any actions that would aggravate tensions." Attention will now … [Read more...] about ASEAN ministers urge restraint after Pelosi Taiwan visit

A customer at a bank in Hanoi. (Photo: VNA) Hanoi (VNS/VNA) - Despite efforts to increase cheap capital sources, many banks reported their current account savings account (CASA) rate in the second quarter of 2022 declined compared to the previous quarter. Focusing on increasing CASA – or the proportion of demand deposits out of total deposits – has been one of the top targets of many banks in recent years as it is a cheap capital source that helps banks have low input capital costs. Currently, demand deposits have very low interest rates of only 0.1% per year. According to banks’ Q2 2022 financial statements, Vietnam Technological and Commercial Joint Stock Bank (Techcombank), was still the leader in terms of CASA ratio in Q2 2022. Specifically, with 152.7 trillion VND of cheap capital, Techcombank’s CASA ratio ranked first with 47.5%. This is the bank’s achievement as it has been one of the pioneers in providing ‘zero fee’ online transactions. Techcombank has also heavily … [Read more...] about Cheap capital sources at most banks decline in Q2

Phung Duc Tien, deputy minister of Agriculture and Rural Development Amid increasing pork prices, the Ministry of Agriculture and Rural Development has been implementing solutions to remove difficulties and promote production. Therefore, the livestock industry is expected to ensure supply from now until the end of this year. Phung Duc Tien, deputy minister of Agriculture and Rural Development, spoke to local media about the solutions to meet food demand and curb CPI in the last months of 2022. Is the food supply sufficient from now until the Lunar New Year? In 2021, Viet Nam's meat production reached 669 million tonnes. By the end of July 2022, the livestock industry saw an increase of 4.8 per cent in pig heads, 1.6 per cent in heads of poultry; and 2.6 per cent of cow heads. Meanwhile, the buffalo herd in 2021 decreased by 2.5 per cent but so far, it has only reduced by 1.1 per cent. Thus, the industry is expected to produce over seven million tonnes of meat, 18.4 … [Read more...] about Livestock sector promotes production to ensure supply and price stability