Marcel Schröder, Economist, Economic Research and Regional Cooperation Department Asian Development Bank At the beginning of the conflict, the crude oil price breached $130 per barrel in March, the highest since 2008. Since then, it retreated to about $100 in April, before rising again to $120 following the European Union’s partial ban on Russian oil in May. Some worry that the oil price could spike to $200 per barrel in the coming months and how such a shock would impact the economic prospects of Asia’s developing countries. While many institutions, including ours, project a significantly higher oil price in 2022 compared with 2021, these predictions do not foresee $200 per barrel because they attach a low probability of a sudden shock to the global oil supply. A sudden shock is unlikely given the EU’s decision to gradually phase out Russian oil imports by the end of 2022, allowing an orderly transition to alternative supplies and keeping prices stable and affordable for … [Read more...] about Additional oil spike impacts cannot be ruled out
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Vietnamese goods, foods introduced in UK
Representatives cut the ribbons to open the programme. — VNA/VNS Photo A programme to introduce Vietnamese goods and foods in the UK is underway at Longdan Supermarket in Crawley, about 45km south of London. The week-long event, which started on Sunday, is hosted by the Vietnam Trade Office under the Vietnamese Embassy in the UK, in collaboration with the Vietnam Business Association in the UK (VBUK), and Longdan and EUTEK groups. As part of activities in the trade promotion programme of the Vietnamese Ministry of Industry and Trade (MoIT), the event aims to promote high-quality Vietnamese products that are benefiting from the UK-Viet Nam Free Trade Agreement (UKVFTA) to British retailers and consumers. Handicraft products, coffee, fresh and dried fruits, canned fruit juice, vermicelli, dried noodle, rice papers, cashew nuts, and fragrant rice from reputable export enterprises of Viet Nam are being displayed at the supermarket and Vietnamese markets in Nottingham. At the … [Read more...] about Vietnamese goods, foods introduced in UK
N.A. Chairman receives Hungary-Vietnam Friendship Association’s leaders
Hue said that the Vietnamese N.A. high-ranking delegation's ongoing official visit to Hungary aims to further promote and deepen the comprehensive partnership between the two countries and cooperation between the two parliaments in particular, opening up new prospects in bilateral relations as well as stronger coordination between the two countries at regional and international forums amid complicated global developments. Highlighting the traditional friendship and all-round partnership between the two countries over the past 70 years, the top legislator clarified that Vietnam always treasures and hopes to further bolster multifaceted ties with Hungary – the first comprehensive partner of Vietnam in Central and Eastern Europe. For his part, László reviewed major milestones of the Hungary-Vietnam Friendship Association’s development since it was established in 1989, and highlighted a number of activities that the association has carried out recently and its plans to promote the … [Read more...] about N.A. Chairman receives Hungary-Vietnam Friendship Association’s leaders
TCP Group’s CEO announced a new corporate plan
Saravoot Yoovidhya, CEO of TCP Group, announced the new corporate purpose in Vietnam From 2022 to 2024, TCP Group is further driving the organisation towards sustainable business growth and creating a positive impact on society and the environment, locally and globally. "Five years ago, we announced the synergy of our various businesses into TCP Group, and we have been working towards sustainable development goals ever since. Up to now, events like COVID-19 and digital transformation have tremendously affected business, society, and the environment. We, therefore, are revisiting our purpose and strategies in every aspect to prepare for the volatile future and to create growth for the organisation while energising the sustainability of the world with a new purpose, called Energising A Better World For All,” said Saravoot Yoovidhya, CEO of TCP Group. Throughout its over 60 years of operation, TCP Group's priority has been to ensure the development of the economy, society, and … [Read more...] about TCP Group’s CEO announced a new corporate plan
VN, Hungary’s parliaments sign new cooperation agreement
National Assembly Chairman Vương Đình Huệ and his Hungarian counterpart László Kövér sign a new cooperation agreement between the two parliaments in Budapest on Monday. — VNA/VNS Photos Doãn Tấn BUDAPEST — A new cooperation agreement between Việt Nam and Hungary’s national assemblies was assigned by National Assembly (NA) Chairman Vương Đình Huệ and his Hungarian counterpart László Kövér in Budapest on Monday. The document was signed after the two officials spoke at the Hungarian Parliament building, which was part of Huệ’s official visit to the country. The agreement was based on the comprehensive partnership between the two countries, and the cooperation agreement signed between the two national assemblies in 2008. It aims to strengthen the partnership and multifaceted cooperation between Việt Nam and Hungary based on the principles of equality, mutual benefit, mutual respect, compliance with each country's laws, and adherence to international treaties. With the new … [Read more...] about VN, Hungary’s parliaments sign new cooperation agreement
Concrete actions are important to shared prosperity: Australian foreign minister
Australian foreign minister Penny Wong is welcomed by her Vietnamese counterpart Bùi Thanh Sơn on Monday. — VNA/VNS Photo Lâm Khánh HÀ NỘI — Vietnamese foreign minister Bùi Thanh Sơn on Monday welcomed his Australian counterpart Penny Wong on her official visit to Việt Nam. Việt Nam is the first Southeast Asian country Wong paid a visit to after assuming the Australian Minister of Foreign Affairs position. Congratulating Australia on its success in the federal election and COVID-19 vaccination campaign, Minister Sơn believes that Wong’s visit will further promote the strategic partnership between the two countries. Việt Nam and Australia will soon commemorate the 50th anniversary of the establishment of their diplomatic relations in 2023. The Vietnamese foreign minister also expressed his gratitude to the Australian government for their prompt support in providing COVID-19 vaccines and medical equipment for Việt Nam, particularly the 14.4 million doses for children, which … [Read more...] about Concrete actions are important to shared prosperity: Australian foreign minister
“Viet Nam is a promising market for healthcare,” Senior global leader of Sanofi shared of his business travel to Asia.
International School Ho Chi Minh City featured in Queen’s Official Platinum Jubilee Pageant Commemorative Album Dan Truong set to excite audiences at Sun Fest concert Schneider Electric launches inaugural Global Partner Recognition Program Dettol joins hands with HCMC University Medical Center to celebrate World Hand Hygiene Day Capella Hanoi Hotel ranked among top 100 in the world Marc-Antoine Lucchini, Head of Foundation and General Medicines at Sanofi , recently had a business trip to several Asian countries. Among those countries, Viet Nam was highly evaluated for its potential market for healthcare development. The effort of digital transformation and sustainability commitment from Sanofi Like many countries, Viet Nam is facing heavy burdens of morbidity and mortality caused by non-communicable diseases. Being able to control risk factors, improve disease prevention, make early diagnoses and manage treatments of such … [Read more...] about “Viet Nam is a promising market for healthcare,” Senior global leader of Sanofi shared of his business travel to Asia.
Ha Tinh’s border guard holds talks with Laos’ public security units
During the talks, participants evaluated that the effective coordination among parties has contributed to well maintaining political security and public order, firmly protecting national sovereignty in each country and consolidating the special solidarity between Vietnam and Laos. In realizing their inked memorandum of understanding, the Ha Tinh provincial Border Guard Command and the Borikhamxay and Khammuane provincial Public Security Departments have regularly exchanged information and situational developments and promoted information dissemination to mobilize people along the shared borderline to strictly observe the Protocol on the borderline and border markers and the Agreement on the regulations managing the land border and border gate system signed by the two governments. In addition, the two sides have well managed the import and export activities through border gates and sub-border gates. Over the past years, Cau Treo International Border Gate in Ha Tinh province and … [Read more...] about Ha Tinh’s border guard holds talks with Laos’ public security units
Vietnam cooperates with Hungary in ICT cooperation
Vietnam wants to learn from Hungary’s experience in developing information-technology (IT) policies in the context of the fourth industrial revolution, said Minister of Information and Communications Truong Minh Tuan. At a meeting with Hungarian Minister of National Development Miklos Sesztak in Hanoi on September 25, Tuan called on Hungary to share its experience in implementing programmes and projects on information and communication technology (ICT) application in state administrative management like e-Government, e-certification and information safety, among others. Minister of Information and Communications Truong Minh Tuan (R) and Hungarian Minister of National Development Miklos Sesztak He suggested the two sides to boost cooperation in the research and development of national database system, internet of things (IoT), icloud, artificial intelligence and smart cities. Tuan said on the basis of cooperation agreements reached by the two ministries, … [Read more...] about Vietnam cooperates with Hungary in ICT cooperation
Vietjet launches 7 new international routes at Da Nang Investment Forum 2022
As the first step in the airline's cooperation commitments with the city, the routes will link the Da Nang with Singapore, Busan of the RoK, and five cities of Indian - New Delhi, Mumbai, Hyderabad, Ahmedabad and Bangalore. They will operate from July, with four to seven return flights per week, meeting the demand for tourism, trade, investment, and visiting relatives. Vietjet Vice President Nguyen Thanh Son said, "Da Nang is one of the most attractive destinations for international tourists in Vietnam. Vietjet has transported nearly 22 million passengers from/to Da Nang until now, currently operated eight domestic and five international routes flying from/to Da Nang. Vietjet believes that the new routes announced today will continue to contribute to opening more opportunities, promoting economic, trade and business investment between Da Nang city and other cities, countries in the region." At the event, Vietjet signed a Memorandum of Understanding on a five-year strategic … [Read more...] about Vietjet launches 7 new international routes at Da Nang Investment Forum 2022