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Illustration. (Photo: VNA) Hanoi (VNA) – Vietnam’s economic growth accelerated faster than expected in the second quarter of this year, as a recovery in exports and manufacturing helped offset risks from coronavirus outbreaks and rising oil prices, Bloomberg reported. The US-based news agency cited data from the General Statistics Office of Vietnam (GSO) saying the Vietnamese economy expanded 7.72% year-on-year in the April-June period, compared to 5.05% of the previous quarter. That was quicker than the median estimate for a 5.9% gain in a Bloomberg survey, and the highest level since at least the first quarter of 2013, it said. The performance helped lift growth in the first-half to 6.42% from a year ago, beating the GSO’s forecast for a 5.5% pace. The government targets full-year growth at 6%-6.5%. The gains in momentum coincide with Vietnam emerging as one of the alternative destinations for foreign investment amid trade disruptions from China’s lockdowns, … [Read more...] about Vietnam’s economic growth accelerates on back of exports, manufacturing: Bloomberg

Always an alluring event for the engineering and manufacturing community On its 18 th return, MTA Vietnam 2022 - a prestigious international exhibition on machine tools, precision mechanics, and metalworking - will take place over four days from July 6 to 9 at the Saigon Exhibition and Convention Centre, 799 Nguyen Van Linh Road, District 7, Ho Chi Minh City. This exhibition is expected to provide value and interesting experiences for individuals and enterprises in the engineering and manufacturing industry. MTA Vietnam allures many enterprises and groups During their visit to the MTA Vietnam 2022 exhibition, attendees will have the opportunity to meet more than 250 prestigious exhibitors from within the country and 12 other nations and territories around the world that are considered the powerhouses of advanced technology such as Germany, the US, the UK, Japan, South Korea, Sweden, Switzerland, China, Singapore, Taiwan, Thailand, and Hong Kong, among … [Read more...] about MTA Vietnam: An exhibition of interest to the engineering and manufacturing community

The Vietnamese Ministry of Labor, War Invalids, and Social Affairs has recently asked relevent agencies and businesses to provide support for five Vietnamese nationals who were killed and seven others injured by chlorine gas released by a dropped tank at Jordan’s Port of Aqaba on Monday. The Vietnamese victims had been working on the Hong Kong-registered Forest 6 vessel when the chlorine tank fell from a crane onto its deck, said the Vietnamese Embassy in Saudi Arabia concurrently with Jordan on Wednesday. The Department of Overseas Labor has requested companies that have provided seafarers to the ship to urgently supply necessary support to the wounded crew members and the families of the dead in the accident. Agencies concerned will announce the names and other details of the Vietnamese victims in the toxic gas blast, the department said, adding that any wounded victim wishing to be repatriated should be supported by the companies in conjunction with relevant agencies. These … [Read more...] about Vietnam’s labor ministry requests support for Vietnamese victims in toxic gas leak in Jordan

Vice Chairman of the People’s Council of Ho Chi Minh City Nguyen Van Dung addresses the meeting (Photo: VNA) HCM City (VNA) – Vice Chairman of the People’s Council of Ho Chi Minh City Nguyen Van Dung and Vice Chairman of the Standing Committee of China's Shanghai Municipal People Congress Chen Jing had an online meeting on June 30 to discuss orientations to promote the partnership between their elected agencies. Dung affirmed that the meeting shows HCM City’s determination and hope to maintain the friendly and cooperative partnership between the two cities. Briefing the Chinese official on the socio-economic situation of the city, Dung said he hopes Shanghai will continue to organise short-term training courses for HCM City officials and share experience in areas of mutual interest. He briefed the Chinese official on major activities of the HCM City People’s Council, especially measures to speed up the socio-economic recovery and development after COVID-19 , and … [Read more...] about Elected bodies of HCM City, Shanghai foster partnership

Tropical storm Chaba, the first storm to affect Vietnam this year, is gathering strength, with wind speeds near its centre reaching 89-102 kilometres per hour. According to the national weather service, the system was located at 400 kilometres east-southeast of China’s Hainan Island at 7am on July 1. Chaba is forecast to travel in a northwest direction for the next 24 hours at a speed of 15 kilometres per hour and is likely to strengthen further, packing winds of 103-117 kilometres per hour. At 7am on July 2, the tropical storm will be located about 370 kilometres east-southeast of Quang Ninh Province, before continuing northwest and to make landfall in the southeast of China’s Guangxi Province the following day. Strong winds and high waves are expected in the northern waters of the East Sea/South China Sea, including the Hoang Sa (Paracel) Islands, while coastal provinces from Quang Ninh to Ninh Binh face the risk of storm surges inundating low-lying areas. Chaba is … [Read more...] about Tropical storm Chaba picks up strength as it moves northwest

Chaba, the first tropical storm to hit the East Sea this year, is predicted to gain more strength and cause torrential rain in the northern region between Saturday and Thursday. Localities in affected areas are urgently preparing for the adverse weather conditions. The National Centre for Hydro-meteorological Forecasting warned that heavy rain will hit the northeast region with rainfall from 40-90mm on Friday night. Rainfall is predicted to be 100-200mm in the northern region and up to 150-300mm in the northeast region on Sunday and Monday. The heavy rain will last until Thursday, the centre said. Data from the National Centre for Hydro-meteorological Forecasting shows that by 10am on Saturday, the eye of the typhoon will be on the east coast of China’s Leizhou Peninsula, about 310km south-southeast of Quảng Ninh Province. The strongest winds near the eye of the storm are forecast up to 133km per hour. The typhoon is moving northwest at 15km per hour, the centre said. Due … [Read more...] about Storm Chaba predicted to cause torrential rain in the north until next Thursday