World economic outlook report

Thailand’s Prime Minister Srettha Thavisin is welcomed by Cambodia n Prime Minister Hun Manet (second from left). (Photo from Prime Minister Hun Manet’s Facebook) Phnom Penh (VNA) - Economic cooperation was the centre of discussion at talks between Cambodian Prime Minister Samdech Thipadei Hun Manet and his Thai counterpart Srettha Thavisin during the latter's first official visit to the neighbouring country. The two leaders discussed comprehensive cooperation between the two countries, according to a statement released following the talks on September 28. The talks focused on many important areas including trade, investment, tourism, education, vocational training, diplomacy, business relations, people-to-people exchanges, air, railways and roads connectivity, digital economy and green economy as well as issues related to immigration, cross-border security and cyber security. The two PMs also instructed relevant ministries and agencies of the two countries to … [Read more...] about Cambodian, Thai PMs agree to strengthen economic ties

Shooter Pham Quang Huy holds his gold medal in the men's 10m individual air pistol final at the 19th Asian Games. (Photo: VNA) Seoul (VNA) - The Republic of Korea (RoK)’s Asia Today newspaper on September 29 published an article on shooter Pham Quang Huy, who made history as the first Vietnamese to win an ASIAD gold medal in shooting. At the ongoing 19th Asian Games (ASIAD) in China on September 28, Huy, born in 1996, achieved an impressive score of 240.5 points in the men's 10m individual air pistol final, securing the top position and claiming gold. Lee Wonho of the RoK took silver with 239.4 points, while Vladimir Svechnikov of Uzbekistan earned bronze with 219.9 points. With an impression on Huy’s achievement, the article also underscored the contributions of Coach Hoang Xuan Vinh, a legend in the field of shooting in Vietnam, and Coach Park Chung Gun, a RoK national, in training the athlete. It reported that Huy's interest in shooting was influenced by his … [Read more...] about RoK newspaper hails Vietnam’s historic ASIAD gold in shooting

A foreign-invested footwear material factory in Thuan An city, Binh Duong province (Photo: VNA) Hanoi (VNA) – Many foreign press agencies have run articles featuring Vietnam’s economic growth, pointing to rosy signs in its recovery. French wire service AFP cited statistics by the General Statistics Office (GSO) showing the economy grew 5.33% in the July-September period from a year earlier, and that loan interest rate reductions, an extension of tax payments and increased public investment had a positive impact. Nikkei Asia also said the growth was accelerated thanks to tourism, noting “the services sector helped boost economic output during the three months through September, driven mainly by retail and tourism. The sector is estimated to account for about 40% of Vietnam's GDP.” “Travelers returned to popular destinations like the central city of Da Nang, with the number of foreign visitors entering the country from July to August reaching 2.25 million, already … [Read more...] about Foreign media upbeat about Vietnam’s economy

Vietnam’s GDP in the first nine months of this year rises by 4.24% year-on-year. (Photo: VNA) Hanoi (VNA) – Vietnam’s gross domestic product (GDP) in the first nine months of this year rose by 4.24% from the same period last year, the General Statistics Office (GSO) announced on September 29. In the third quarter, the country's economic growth rate was estimated at 5.33% compared to the same quarter of 2022. The GSO assessed that although the nine-month growth rate is only higher than those in the same period of 2020 and 2021 in the past 12 years, it showed a positive trend of increasing gradually over the quarters: 3.28% in the first quarter, 4.05% in the second quarter and 5.33% in the third quarter. In the January-September period, the agro-forestry-fishery sector expanded by 3.72%, contributing 8.03% to the total added value of the entire economy. The growth rates of the industrial and construction sector and the service industry were 5.19% and 6.24% with … [Read more...] about Vietnam’s nine-month GDP increases by 4.24%

A farmer harvests oil palm fruit at a plantation in Kuta Makmur, Aceh. (Photo: AFP/VNA) Jakarta (VNA) – PGN, a Pertamina subsidiary, and three Japanese companies are looking to produce biomethane from palm oil mill effluent (POME) to meet rising natural gas demand and reduce methane emissions, reported the Jakarta Post. The consortium of PGN, JGC Holdings Corporation, Osaka Gas and Inpex Corporation is currently working on a study for the commercialisation of such a product in Indonesia in 2025, using PGN’s natural gas distribution network. The raw material will come from oil palm plantations in South Sumatra. The project aims to recover methane gas released into the atmosphere from POME, refine it into biomethane and supply it to customers via natural gas pipelines and other existing infrastructure. According to the US Environmental Protection Agency, untreated POME releases methane, which is more than 25 times as potent as carbon dioxide at trapping heat in the … [Read more...] about Indonesia to make biomethane from palm oil in 2025

The formulation of capital planning is an integral component of Hanoi's endeavors to achieve its developmental goals by 2030, with a forward-looking perspective reaching to 2045. Hanoi commits to transforming into a globally interconnected metropolis by 2045, serving as the country's visage, said Deputy Secretary of the Hanoi Party Committee Nguyen Van Phong at a scientific conference on the Hanoi Planning Orientation for 2021-2030 , with a vision to 2050, held today [September 29]. Overview of the conference. Photos: Thanh Hai/The Hanoi Times Phong said the city's goal is not merely to vie for supremacy with other provinces and cities in the country but to position itself globally, comparable to countries in Asia and the world. During the conference, Deputy Chairman of the Hanoi People's Committee Ha Minh Hai said that the formulation of the capital planning for the 2021-2030 period, with a vision to 2050, is an integral component of Hanoi's endeavors to … [Read more...] about Hanoi aspires to become a global city

A customer shops at MM Mega Market An Phú's food wholesale and distribution centre in Thủ Đức District in HCM City. In the first nine months of 2023, CPI increased by 3.16 per cent over the same period last year; core inflation rose by 4.49 per cent. — VNA/VNS Photo Mỹ Phương Việt Nam’s gross domestic product (GDP) expanded by 4.24 per cent in the first nine months of this year, the General Statistics Office (GSO) said on Friday. The expansion is nearly the lowest 9-month GDP growth in 13 years, only higher than the same period of 2020 and 2021, which recorded growth rates of 2.19 per cent and 1.57 per cent respectively. In Q3 alone, GDP posted a year-on-year rise of 5.33 per cent, also nearly the lowest third-quarter GDP growth in 13 years, only higher than the same quarters of 2020 and 2021. The information was released at a conference held on Friday in Hà Nội by the GSO. In Q3, the agro-forestry-fishery sector grew by 3.72 per cent, contributing 8.03 per cent to the … [Read more...] about Việt Nam’s economy grows 4.24 per cent in nine months of 2023

Speaking at the opening of the event held in Quang Ninh Province, he emphasized the importance of developing science, technology and innovation. Hundreds of delegates from ministries, businesses and production units and scientists were in attendance to learn about breakthrough technologies and solutions. Before the opening, Deputy Prime Minister Tran Luu Quang, Dat, other Party and state leaders, their counterparts from the Quang Ninh Province Party Committee, People's Council and People's Committee, and ministry and other officials visited the booths set up at an exhibition that is part of the event. Nearly 200 booths showcased technological devices and solutions. Quang called for ensuring products are also competitive in terms of prices. "The product might be good, but the price must also be lower than in foreign markets," he said while visiting the booth set up by auto company Thanh Cong Group. Minister of Science and Technology, Huynh Thanh Dat speaks at the … [Read more...] about Technology is foundation for Vietnam’s rapid, sustainable development: minister

An example of a SkyX Solar collaboration with An Phat At a seminar from September 12 to 17, held by the World Sports Goods Industry Federation and the Vietnamese Delegation in Geneva, distinguished brands like Adidas and Decathlon spotlighted Vietnam's crucial role in sustainable manufacturing, praising its robust workforce and rapid assimilation of advanced technologies. Leveraging its National Strategy for Green Growth 2021-2030, Vietnam is making substantial strides towards its sustainable development goals, with an emphasis on evolving its textile and footwear industries by 2035 to align with a circular economic model. This commitment resonates deeply with international sustainability standards, enhancing Vietnam's influence in the sustainable supply chain sector. The role of green certificates – which are emblematic of sustainable and responsible production and the use of renewable energy – is becoming increasingly crucial in today’s market. These certificates are … [Read more...] about SkyX Solar steers sustainable shifts with green IZ and certification in Vietnam

Deputy Director of the city’s Department of Information and Communications Tran Ngoc Thach said the prize was given to the representative of the municipal People’s Council on September 26. Thach said it is the second regional smart city award that the city has won since it took the Asia-Oceanian Computing Industry Organization (Asocio) Smart City Award in Bangkok, Thailand, in 2019. This year's award recognized the endless efforts made by the city in boosting outstanding initiatives of building a smart city that focused on happiness, smart infrastructure, online public service, economic growth, education, and development research with human concentration. The Seoul Smart City Prize promotes an innovative yet inclusive smart city model that looks after underprivileged groups. It also aims to narrow the gap between cities and commend those that strive to implement an innovative and inclusive model of smart city in their respective capabilities, given different municipal … [Read more...] about Da Nang city wins Seoul Smart City Prize