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The Federal Reserve on Wednesday raised interest rates by a quarter of a percentage point, but indicated it was on the verge of pausing further increases in borrowing costs after the recent collapse of two U.S. banks. Fed Chair Jerome Powell sought to reassure investors about the soundness of the banking system, saying that the management of Silicon Valley Bank "failed badly," but that the bank's collapse did not indicate wider weaknesses in the banking system. "These are not weaknesses that are running broadly through the banking system," he said, adding that the takeover of Credit Suisse seemed to have been a positive outcome. The Federal Open Market Committee policy statement also said the U.S. banking system is "sound and resilient." Even so, Wall Street ended sharply lower after Powell told a news conference that officials were still intent on fighting inflation while also eying the extent to which recent bank failures had cooled demand and slowed lending. The … [Read more...] about U.S. Fed delivers small rate hike amid global banking turmoil

Superior visa policy Foreigners can enter Vietnam by air or sea, stay in a transit area and transfer to Phu Quoc to get this visa exemption. This is the only place that meets the conditions required for visa waiver: It has an international airport, has a definite geographical boundary, is separate from the mainland and so having foreigners does not jeopardize Vietnam's defense, security, social order, or safety. Hon Thom, the world's longest cable car, is on the south of Phu Quoc. Photo by Anh Duong Transportation to the place is convenient by air, sea and land, and visitors can enter and exit through three international border gates: Phu Quoc International Airport Border Gate, Ha Tien International Border Gate and Duong Dong Port International Border Gate in Phu Quoc. There are many daily flights to Phu Quoc from India, Korea, Thailand, and Malaysia... Tourists can easily travel by taxi and bus. People who have bought tickets to Sun World Phu Quoc will get … [Read more...] about Phu Quoc, ideal tourist destination with special visa exemption

Phu Quoc is currently the only destination in Vietnam with this unique visa policy. According to current legal regulations, from July 2020, foreigners and Vietnamese holding foreign passports entering, exiting, and residing in Phu Quoc Island are exempt from visas for a temporary stay of no more than 30 days. Foreigners can enter an international border gate (including air and sea), stay in the transit area at that border gate, and then transfer to Phu Quoc Island to be exempt from visas following this regulation. Phu Quoc is famous for its beautiful and dreamlike beaches Phu Quoc has this visa policy because it is the only island that meets the conditions of visa exemption for foreigners under Vietnamese law. It has an international airport, definite geographical boundaries, is separate from the mainland, supports the nation's socioeconomic development policy, and does not jeopardise national defence, security, social order, or safety. As an isolated island located … [Read more...] about Visa exemption means international tourists can visit Phu Quoc for up to 30 days

Many students at a school in HCM City have been infected with the H1N1 influenza A according to the HCM City Centre for Disease Control (HCDC). Many students at Vo Truong Toan Primary School in District 10 are infected with the H1N1 influenza A A report from the centre said that some 20 students at Vo Truong Toan Primary School in District 10 showed flu symptoms such as high temperatures, coughing, sore throat, fatigue and vomiting on March 15 and 16. Some pupils even had a high temperature of more than 39 degrees Celsius. HCDC randomly took blood samples of six sick students and the test results all came back positive for H1N1 influenza A. The centre has co-operated with the city Children's Hospital to provide check-ups and treatment for the sick children. No more pupils have been infected with the H1N1 strain, the centre said. The centre warned Ho Chi Minh City is in the peak season of respiratory diseases, which easily spread in a … [Read more...] about H1N1 influenza A infections detected in HCM City school

The Ho Chi Minh City Center for Disease Control (HCDC) announced on Wednesday that the city had just discovered a cluster of H1N1 cases in District 10, leading 20 students at an elementary school to take unscheduled sick leave. A report from the Medical Center of District 10 to the HCDC on March 16 showed an abnormal increase in the number of students taking sick leave at Vo Truong Toan Elementary School on the same day and the day before. A total of 20 students of the school became ill with symptoms such as fever, cough, sore throat, fatigue, and vomiting during the two days. Some students had a fever of up to 39 degrees Celsius. Doctors initially determined that the children suffered from a flu and randomly took six samples of them and sent them to the Pasteur Institute in the city to test for influenza. On March 17, the results showed that all of the samples returned positive for H1N1 influenza, also known as swine flu. Since March 17, the school has not recorded any … [Read more...] about Ho Chi Minh City detects cluster of 20 H1N1 cases