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Senior Colonel Nguyen Viet Hung, Chief of the Engineering Company Rotation 2 and Commanding Officer of the Vietnam’s peacekeeping force at the U.N. Interim Security Force for Abyei (UNISFA), and Education and Construction Minister Nyinkwany Aguer Bol led the delegation. According to the survey results, up to now, there are about 10 schools of different sizes in the Abyei. The school that has nearly 200 students is located 20km from the center of Abyei and struggled with extremely difficult travel conditions. The largest school has nearly 3,000 students gathered from seven local schools. Attentively, the number of teachers is relatively small. Most of them are volunteer teachers from other African countries. The professional qualifications of local teachers are not high and uneven. Survey results also show that schools in Abyei face the same problems such as poor facilities, there are not enough classrooms, canteens, and toilets. Moreover, there are schools with a large number of … [Read more...] about Engineering Company Rotation 2 starts assistance activities for children in Abyei

Singer Vy Oanh. Photo from Oanh's Instagram Hang, the general director of the Dai Nam Joint Stock Company, is set to stand trial at the Ho Chi Minh City’s People’s Court on Thursday, after she was arrested by Ho Chi Minh City police in March last year for "abusing democratic freedoms to infringe upon the interests of the State, and the lawful rights and interests of organizations and/or citizens." The two singers claimed that Hang’s words and behaviors had directly harmed their reputations, causing them mental and physical repercussions. Thus, they argued, they were qualified to be considered "victims" in the case, according to the Criminal Procedure Code. If the court approves their requests, the singers will have many rights that "relevant parties" do not enjoy, including the right to ask the court to consider the defendant's particular behavior and punishment, as well as appealing against the defendant’s conviction. The court has not announced a decision on the singers’ … [Read more...] about Singers say they are ‘victims’ at businesswoman’s trial

Many American semiconductor firms have highly valued the huge potential for the semiconductor industry in Vietnam, expressing their hope of opening chip production facilities in the country. The leaders of these companies were speaking during a meeting with Vietnamese Prime Minister Pham Minh Chinh on Wednesday morning (Vietnam time). Prime Minister Chinh and a high-ranking delegation of Vietnam on Tuesday morning (local time) landed in Washington, D.C., the second leg of their business trip to the United States. During the meeting, the prime minister called on U.S. semiconductor enterprises to continue their cooperation with Vietnamese partners and beef up their investment in infrastructure, technology transfer, semiconductor design and production, and human resource training. PM Chinh affirmed that the Vietnamese government and ministries are building a fair and healthy business climate for all enterprises, including those from the U.S.. Vietnamese Prime … [Read more...] about US firms see Vietnam’s great potential for semiconductor industry

Benefit consultants from Mercer, Aon and Willis Towers Watson see employer healthcare costs jumping 5.4% to 8.5% in 2024 due to medical inflation, soaring demand for costly weight-loss drugs and wider availability of high-priced gene therapies. A survey conducted by Mercer, a unit of Marsh McLennan, found over two thirds of employers either do not plan to shift any cost increase to their staff or will pass on less than the expected rise in 2024. "They don't want to add more financial stress on employees who are also coping with inflation, especially in this time where they're really relying on their health benefits as a way to keep employees working for them," said Beth Umland, Mercer's director of health & benefits research. U.S. consumer prices accelerated 3.7% in the 12 months through August, down from a peak of 9.1% in June last year. However, medical cost increases usually lag general inflation as contracts between insurers and hospitals for the prices of procedures are … [Read more...] about US employers to see biggest healthcare cost jump in a decade in 2024

Christina Bao, Co-Head of Sales & Marketing at the Hong Kong Exchanges and Clearing Limited (HKEX). — Photo courtesy of HKEX The Vietnamese stock market is a key capital mobilisation channel for the economy and is undergoing improvement and upgrading towards emerging status. Considered as Asia’s financial hub, Hong Kong is a role model for Việt Nam to follow. When Christina Bao, Co-Head of Sales & Marketing at the Hong Kong Exchanges and Clearing Limited (HKEX), came to Việt Nam for a conference, Việt Nam News reporter Ly Ly Cao took the opportunity to speak to her about solutions to enhance the country’s stock market and how Hong Kong can support Việt Nam in the upgrading process. What do you think about the Vietnamese stock market in its current state? Việt Nam’s economy is on very strong momentum in terms of GDP growth, which grew by more than 8 per cent last year and is hopefully to reach 6 per cent this year. This sets a very strong foundation for the local … [Read more...] about Hong Kong to help elevate Việt Nam’s stock market potential

Headquarters of the State Bank of Vietnam in Hà Nội. Some experts believe the SBV can still cut the policy interest rate further as its current priority is to lower interest rates to promote credit growth and support economic growth. — Photo sbv.gov.vn Experts have different forecasts about the time when the State Bank of Vietnam (SBV) will lower its policy interest rate. While some experts expect the rate to decrease by 0.5-1 percentage point at the end of the third or fourth quarter of this year, others believe the rate will be kept unchanged. According to some experts, although rising pressure on the foreign exchange rate and inflation are the main factors affecting the SBV's ability to continue lowering the policy rates in the remaining months of this year, the SBV can still cut the rate further as its current priority is to lower interest rates to promote credit growth and support economic growth. Banking expert Nguyễn Trí Hiếu forecasts that deposit interest rates will … [Read more...] about Different forecasts made for policy interest rates in the rest of 2023

Furthermore, the Vietnam Maritime Administration recently announced a draft to replace the Ministry of Transport’s Circular No.54 concerning the pricing of container handling and other associated services at Vietnamese seaports. The draft proposes a 10 per cent increase in the price of container handling services effective from January 1, 2024 in various ports including Haiphong, Ho Chi Minh City and the Cai Mep-Thi Vai seaport complex in the southern province of Ba Ria-Vung Tau. In addition, the draft proposes terminals able to receive ships capable of transporting more than 160,000DWT can impose a 10 per cent additional increase for loading and unloading services, meaning that those terminals could increase fees by as much as 20 per cent. As a result of these developments, shipping stocks have been actively traded on the stock exchange of late, with several firms witnessing steady increases in share prices in recent trading sessions. Hanoi-based securities firm … [Read more...] about Shipping firms eye rosier future

Vinhomes Imperia Hải Phòng Urban Area, a project built by Vingroup. The company's shares soared nearly 3.5 per cent on Wednesday, leading the market's uptrend. — VNA/VNS Photo The Vietnamese stock market recovered on stronger demand force after recent corrections, while foreign investors continued to withdraw from main exchanges. The VN-Index on the Hồ Chí Minh Stock Exchange increased over 14.6 points, or 1.21 per cent, to close Wednesday at 1,266.11 points. The recovery helped recoup most of the losses hit in the last two sessions. On the southern bourse, breadth of the market returned to a positive zone with 275 stocks advancing, while 52 ended lower. Liquidity decreased over the previous session, but remained above VNĐ20 trillion. Particularly, VNĐ20.37 trillion (US$838.25 million) worth of shares was traded on HoSE, equal to more than 878 million shares. The index's reversal was mainly driven by strong rebounds in real estate stocks and other pillars in the securities … [Read more...] about Market rebounds, ending two-day losing streak

Tuan said that during this visit, Chairman Vuong Dinh Hue, on behalf of top leaders of Vietnam, will join leaders of Bangladesh in a celebration of the 50th anniversary of the bilateral diplomatic relations (1973-2023). The official underlined that amid the fast, unpredictable and complicated developments in the region and the world, the strengthening of ties between the two countries, who are traditional friends, through the parliamentary channel is expected to contribute to foster ties between the two countries and parliaments. He noted that the Vietnam - Bangladesh relations have been continuously developed with political trust built through visits and meetings via all channels and at all levels. The two sides have set up many important cooperation mechanisms, including a Joint Committee on economic, cultural, science and technology cooperation. Economic and trade partnership has been a highlight of the bilateral partnership, he said, noting that two-way trade has increased … [Read more...] about N.A. leader’s visit aims to reinforce, promote Vietnam – Bangladesh ties: Official

The hi-tech building of the Can Tho University is the most modern of its kind in the Mekong Delta. It is part of the Can Tho University upgrading project, funded through ODA of the Japanese Government. (Photo: VNA) Tokyo (VNA) – Friendship and mutual trust based on people-to-people exchanges nurtured for many years have formed an impetus for the Vietnam - Japan relations , said Japanese Minister for Foreign Affairs Kamikawa Yoko. She made the remark in a recent interview granted to the Vietnam News Agency on the occasion of the 50th anniversary of the two countries’ diplomatic ties (September 21, 1973 - 2023). She said that over the last 50 years, the countries have developed relations in all fields thanks to tireless efforts by predecessors. One of the most important milestones of bilateral ties, which are now in their prime, was the elevation of relations to the “ extensive strategic partnership ” in 2014. Since then, Japan and Vietnam have been building … [Read more...] about Friendship, mutual trust drive Vietnam-Japan relations: Japanese Foreign Minister