Digital board showing stock information inside the building of the Hồ Chí Minh Stock Exchange (HoSE). — VNA/VNS Photo Việt Nam is still on the watch list of FTSE Russel for a possible reclassification from frontier to secondary emerging market status, the global index provider FTSE Russel said in its September report. However, the opportunity for the stock market’s upgrade may become clearer next year. The country has been on the watch since 2018. FTSE Russel said that Việt Nam’s reform progress is slower than expected, partly due to the COVID-19 pandemic. Việt Nam has yet to meet the delivery versus payment (DvP) criterion, which is currently rated as ‘Restricted’ due to the market practice of conducting a pre-trading check to ensure the availability of funds prior to trade execution, FTSE Russel said. Meanwhile, as the market does not experience failed trades, the ‘settlement - costs associated with failed trades’ criterion is unrated. It added that Việt Nam would need … [Read more...] about FTSE keeps VN on watch for reclassification to secondary emerging market
World watch list open doors
At WTO, growing disregard for trade rules shows world is fragmenting
Nothing illustrates the crisis at the World Trade Organization more than the piling up of unresolved disputes and the growing list of what it terms the "trade concerns" of its members. Since late 2019, after the U.S. blocked the appointment of new judges to the WTO's Appellate Body due to complaints over judicial overreach, 29 cases have been left in limbo, delivering a heavy blow to the dispute settlement system. Those depositing cases include China, Dominican Republic, India, Indonesia, Morocco, Pakistan, South Korea and the United States. "No more fraud, no more pretending you're appealing,” former deputy director-general Alan Wolff told a WTO conference last month, urging countries to hold off on fresh appeals from 2024, when WTO members have pledged to address the issue. The WTO has warned a "polycrisis" of pandemic, military conflict in Ukraine and inflation is sapping faith in globalisation. The result is a growing disregard for global trading rules among WTO members. … [Read more...] about At WTO, growing disregard for trade rules shows world is fragmenting
Online cuisine map to bring Vietnamese foods to the world
Cao Lau, a Vietnamese dish made with noodles, pork, and greens, is a specialty of Hoi An. (Photo: tuoitre.vn) Hanoi (VNA) – The Vietnam Cuisine Culture Association (VCCA) is working to develop a national online cuisine map with a view to introducing Vietnamese cuisine quintessence to the world through helping those who want to explore the country's food. Google can help foodies and tourists find places to try local foods ; however, fakes reviews have made it hard for them to believe in what they read. Therefore, the VCCA’s initiative to set up an online cuisine map has received enthusiastic support from organisations and individuals. Thanh Tung, a food enthusiast with bad experience when believing in Google reviews, said if the cuisine map is built by a prestigious organisation, domestic and foreign tourists can rely on it to try local staples. According to Dr. Nguyen Thu Thuy from the Vietnam National University – Hanoi, there is no official online cuisine map … [Read more...] about Online cuisine map to bring Vietnamese foods to the world
Trump reaped over $100M through fraud, New York says as trial starts
Attorney General Letitia James is seeking at least $250 million in fines, a permanent ban against Trump and his sons Donald Jr and Eric from running businesses in New York and a five-year commercial real estate ban against Trump and the Trump Organization. Testimony in the Manhattan courtroom began following opening statements, with Donald Bender, a partner at Mazars USA and longtime accountant for Trump's businesses, as the state's first witness. Trump told reporters before the trial began that the case was a "scam," a "sham" and a political vendetta by James, and during a lunch break called the Democrat "a corrupt person, a terrible person. Driving people out of New York."He was equally unsparing of the judge, Arthur Engoron, calling him a partisan Democrat who is using the case to interfere with the 2024 presidential election, where Trump holds a big lead for the Republican nomination. "This is a judge that should be disbarred," Trump told reporters. "This is a judge that … [Read more...] about Trump reaped over $100M through fraud, New York says as trial starts
S Korea call up Son Heung-min for Vietnam friendly
Son Heung-min (number 7) plays Vietnam at the 2018 Asian Games. Photo by VnExpress/Hieu Luong The 31-year-old, also the captain of English club Tottenham Hotspurs, is regarded as the greatest Asian player of all time. This season he has scored six goals in the English Premier League, only two less than the top scorer, Manchester City's Erling Haaland. His goals have helped Spurs climb to second place just one point behind Man City. His goal against Liverpool last Saturday was his 200th for European clubs. He has 113 caps for South Korea and is 23 games and 21 goals behind legend Cha Bum-kun, who tops both lists. South Korea have also summoned other stars playing in Europe like defender Kim Min-jae (Bayern Munich), midfielder Lee Kang-in (PSG) and winger Hwang Hee-chan (Wolverhampton). The team have 11 players plying their trade in Europe and two in Saudi Arabia. They will play Vietnam on the 17th and Tunisia five days before that. After getting eliminated in the … [Read more...] about S Korea call up Son Heung-min for Vietnam friendly
Green Future promotes Vietnam-Denmark cooperation for sustainable growth
With the presence of leading renewable energy developers in Vietnam, Denmark has contributed international resources to the country’s net-zero journey. Denmark in Your Eyes – an annual painting competition launched in Vietnam in 2016 – is an activity demonstrating Vietnam-Denmark cooperation in green growth in recent years. Ambassador of Denmark to Vietnam Nicolai Prytz speaks at the launch of Denmark in Your Eyes competition 2023. Photo: Danish Embassy in Hanoi The competition has “added a lot of value to strengthening our two countries’ long-term cooperation on promoting green and sustainable development,” said Ambassador of Denmark to Vietnam Nicolai Prytz. With more than 18,000 paintings submitted in the last competition, it shows the great popularity of the event among schoolchildren all over Vietnam. For that reason, “it is an amazing playground for Vietnamese children, not only to express wishes about their future but more importantly to come up … [Read more...] about Green Future promotes Vietnam-Denmark cooperation for sustainable growth
Major issues to be debated at eighth session of Party Central Committee
The opening plenum of the eighth session of the 13th-tenure Party Central Committee in Hanoi on October 2. (Photo: VNA) Hanoi (VNA) – Party General Secretary Nguyen Phu Trong put forth requests for members of the 13th-tenure Party Central Committee while opening the committee’s eighth session in Hanoi on October 2 morning. In his speech, the Party chief stressed that this time’s session, lasting until October 8, will consider and make decisions about many big, complex, and sensitive issues highly important to the fulfillment of the 13th Party Central Committee’s political tasks from now until the end of the tenure. Socio-economic and state budget issues for 2023 - 2024 will be discussed amid the continuation of fast, complicated, unpredictable and unprecedented developments in the world, along with the appearance of more difficulties and challenges, which have negatively and seriously affected the performance of socio-economic tasks and targets. He asked the Party … [Read more...] about Major issues to be debated at eighth session of Party Central Committee
Death of dolphins in Amazon linked to severe drought, heat
MANAUS -- The carcasses of 120 river dolphins have been found floating in a tributary of the Amazon River over the last week in circumstances that experts suspect were caused by severe drought and heat. Low river levels during a severe drought have heated water in stretches to temperatures that are intolerable for the dolphins, researchers believe. Thousands of fish have died recently on Amazon rivers due to a lack of oxygen in the water. Researchers from the Mamiraua Institute for Sustainable Development retrieve dead dolphins from the Tefe lake effluent of the Solimoes river that has been affected by the high temperatures and drought in Tefe, Amazonas state, Brazil, October 2, 2023. Photo: Reuters The Amazon river dolphins, many of a striking pink color, are a unique freshwater species found only in the rivers of South America and are one of a handful of freshwater dolphin species left in the world. Slow reproductive cycles make their populations especially … [Read more...] about Death of dolphins in Amazon linked to severe drought, heat
Vietnam – Japan workshop seeks to improve nutrition among mothers, children
The event was jointly organized by the National Children's Hospital (NCH), the Vietnam Pediatrics Association (VPA), the Vietnam Nutrition Association, the Japan International Cooperation Agency (JICA), Asahi Group Foods JSC and the Japanese Embassy in Vietnam. It offered a venue for policy makers, nutrition experts, and scientists from Vietnam and Japan to provide more scientific and practical grounds to improve malnutrition in Vietnamese children. The workshop was also part of activities celebrating the 50th founding anniversary of the Vietnam - Japan diplomatic ties, thus tightening the friendship through cooperation in terms of healthcare and scientific research. In his opening speech, Assoc. Prof., Dr. Tran Minh Dien, President of the VPA and Director of NCH emphasized the important role played by nutrition in children's development. He mentioned policy efforts related to health care and nutrition for children made by the Government and the Ministry of Health, as well as … [Read more...] about Vietnam – Japan workshop seeks to improve nutrition among mothers, children
Task obvious for Vietnam’s green building development
There are currently around 300 green buildings certified by standards such as Lotus, Edge, LEED, or Green Mark, Photo: shutterstock According to Douglas Lee Snyder, executive director of the Vietnam Green Building Council, from a legal perspective, realising both financial and non-financial incentives in Vietnam is a challenge. “Maybe we need to make inter-ministerial cooperation efforts to achieve the goals set by the government of Vietnam. For example, while public green buildings often lead the market in other countries, in Vietnam, cost norms per square metre regulated by the Ministry of Finance alone are not enough for one construction, but it needs collaboration from other related ministries,” Snyder told VIR. Meanwhile, Angus Liew, chairman of Gamuda Land Vietnam, said that the barriers involve technology, equipment, and even perceptions. “In addition, Vietnam’s government has become well aware of the repercussions and understands the importance of transforming its … [Read more...] about Task obvious for Vietnam’s green building development