Zimbabwe which has problems with high inflation

Le Thanh Tam, Director of the municipal Department of Planning and Investment, said the growth rate is the second highest among the five centrally-run cities in the country. Specifically, the agro-forestry-fishery sector expanded by 3.28%, industry-construction 11.8% and services 7.62%, contributing 0.4%, 3.56% and 3.95% to the overall growth rate, respectively. The Index of Industrial Production picked up 12.86% year-on-year, while the export turnover of goods and services top 1.1 billion USD, up 15.16%. Total revenues from retails and services were estimated at 55.5 trillion VND (2.39 billion USD), an increase of 21.09%. However, the low disbursement of public investment has affected the growth of some sectors, such as construction with a growth rate of 4.88%. The director said the planning and investment sector will work closely with other sectors to implement tasks to promote economic recovery and development in the remaining months of the year. He said if set plans and … [Read more...] about Can Tho posts three-year high economic growth

They "will have the opportunity to engage over the course of the next few weeks," National Security Advisor Jake Sullivan said. A new call between the leaders of the world's two biggest economies has been long expected amid tensions over trade, China's sabre rattling around Taiwan, and pressure on Beijing not to help Russia get around Western sanctions over the Ukraine invasion. A week ago, Biden said he planned on "having a conversation with President Xi." "We haven't set a time yet," he said, while a few days earlier he'd said the call could be "soon". The last video conference between the two leaders was on March 18, when Biden warned Xi against assisting Russia in its invasion of Ukraine. A key item in the next discussion will be Biden's possible decision to lift some of the trade tariffs imposed under Donald Trump, with billions of dollars of Chinese imports facing 25 percent duties. The penalties were aimed at punishing what the United States says are China's … [Read more...] about Biden, Xi to contact each other in ‘next few weeks’: US official

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

Foreign nationals living in Vietnam will be granted an electronic identification account to perform public administrative procedures. The Vietnamese Ministry of Public Security (MPS) is considering issuing identification (ID) cards for long-term foreign residents. Accordingly, people of Vietnamese origin who were born in Vietnam or abroad but have returned to Vietnam and lived permanently for more than five years will be eligible to receive ID cards. Currently, citizens in Vietnam have to carry too many paper documents such as citizen identification card, health insurance card, social insurance book, birth certificate, driver's license, student identification card, social insurance card, among others. Identity card with barcode is currently the most modern form in Vietnam. Photo: The Hanoi Times The fact that there are too many different types of papers issued by competent authorities causes numerous inconveniences for citizens in storing … [Read more...] about Vietnam to issue ID cards for non-Vietnamese nationals

Mr. Phan Van Mai, Chairman of the HCMC People's Committee (R)  talks with investors. (Photo: SGGP) At the conference, Mr. Phan Van Mai, Chairman of the HCMC People's Committee, said that the city wants to listen to the opinions of investors, including their proposals, for authorities to prepare the legal frameworks, orientations, and conditions for enterprises to develop in the future. “Besides attracting new investments, we also need to restructure existing ones. The city is responsible for creating the space, legal framework, and conditions to support enterprises to increase the value of projects," Mr. Phan Van Mai emphasized. Since its establishment in 2002, SHTP Management Board has granted investment registration certificates to 163 projects, with a total investment capital of over US$12 billion. Of which, FDI capital is over $10.1 billion, and domestic capital is over $1.96 billion. The accumulated total value of high-tech production of the SHTP is estimated at $120.307 … [Read more...] about HCMC pledges to facilitate enterprises to increase value in SHTP

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

The Engineering Company Rotation 1 has set two road rescue and maintenance teams to ensure traffic flows and conduct road rescue and maintenance missions. In addition, the unit has also deployed forces to continue building a repair and maintenance station for vehicles and equipment that the first group of the company received in May this year. The construction is expected to be completed and put into operation in June. Apart from their main task, the Engineering Company Rotation 1 has quickly arranged and stabilized its barracks in Highway, three kilometers from the headquarters of UNISFA. The Highway barracks is the former garrison area of a infantry battalion of Ethiopia. It was built nearly 10 years ago and is degrading gradually. In order to soon ensure accommodations for all members, the unit has quickly repaired and reinforced the main garrison area. After surveying the scenario, the chain-of-command of the company built a concrete plan to repair barracks, fix roofs, pave … [Read more...] about Vietnam’s Engineering Company Rotation 1 begins missions in Abyei

The visit will be made at the invitation of Lord Speaker of the House of Lords John McFall and Speaker of the House of Commons Lindsay Hoyle. The parliaments of Vietnam and the U.K. have recorded cooperation strides in the recent past. They have maintained delegation exchanges at all levels, including the visits by Vietnam’s N.A. Chairman Nong Duc Manh in 1994, Nguyen Van An in March 2005 and Nguyen Sinh Hung in December 2011, and the trip by Deputy Speaker of the U.K. House of Commons Eleanor Laing in October 2016. The two sides have also frequently held mutual visits between their parliaments’ committees, and by the British All-Party Parliamentary Group (APPG) for Vietnam and the Vietnam - U.K. Parliamentary Friendship Group. Most recently, an N.A. delegation led by Chairman of the Committee for Science, Technology and the Environment Le Quang Huy attended the Inter-Parliamentary Union (IPU)’s pre-COP26 parliamentary meeting and met with the head of the British parliamentary … [Read more...] about Official visit by N.A. leader to reinforce Vietnam – U.K. parliamentary ties

Delighted with fine development of the two countries’ relations, particularly in Southern Vietnamese localities, Bus affirmed that Hungary always wants to boost collaboration with Vietnam and become Vietnam’s leading partner in Central Europe. Hungary seriously hopes to make contributions to Ho Chi Minh City’s smart urban building and development, he said. He asked municipal leaders to create favorable conditions for Hungarian enterprises to seek investment opportunities in the city in the fields of education, urban infrastructure, wastewater treatment, and supply of high-quality farm produce. He also pledged to facilitate the construction of the Can Tho Tumor Hospital so that it can be put into operation soon to serve health care in the Mekong Delta region and reduce overloads of Ho Chi Minh City’s hospitals. Source: VNA … [Read more...] about Ho Chi Minh City, Hungary seek to realize cooperative agreements

The ministry said it is collecting opinions from other ministries and departments on a draft report on measures to combat Covid-19 in the "new normal" situation for submission to the government. The latest assessment comes more than two months after the PM had asked the health ministry to work on declaring Covid-19 an endemic. The ministry said that from March until now, the number of new Covid-19 cases and deaths has "stably decreased," and the number officially registered with the national database has stayed at fewer than 1,000 cases each day in recent times while the death rate has fallen to 0.06 percent of the total number of infections. Vietnam has covered almost 80 percent of its 96-million population with two vaccine doses; and the group of those from five years old are to receive the second doses within June. Despite this, the ministry said it was not the right time for Vietnam to consider Covid-19 endemic because the novel coronavirus is constantly changing and it is … [Read more...] about Not time yet to declare end of Covid-19: health ministry