Prime Minister leaves Hanoi for 42nd ASEAN Summit in Indonesia
Prime Minister Pham Minh Chinh leaves Hanoi on May 9 morning for the 42nd ASEAN Summit in Indonesia . (Photo: VNA) Hanoi (VNA) – Prime Minister Pham Minh Chinh left Hanoi on May 9 morning for theHe is accompanied by high-ranking officials of the NA and ministries. – Prime Minister Pham Minh Chinh left Hanoi on May 9 morning for the 42nd ASEAN Summit in Indonesia, at the invitation of Indonesian President and Chairman of the Summit Joko Widodo.He is accompanied by high-ranking officials of the NA and ministries. The 42nd ASEAN Summit is taking place in Labuan Bajo from May 9-11 with the participation of ASEAN member nations’ leaders. Prime Minister Timor Leste was invited to attend the summit for the first time as an observer.
Source:Viet Nam News
May 09, 2023 03:40 UTC
SEA Games 32: Vietnam win 15 more golds, rising to second position in medal tally
Vietnamese track-and-field win two gold medals on May 8 (Photo: VNA)Kun Bokator fighter Huynh Van Cuong of Vietnam (Photo: VNA)Vietnamese U22 team defeat Malaysia 2-1 (Photo: VNA)– Concluding the third competition day of the 32nd Southeast Asian Games (SEA Games 32) on May 8, Vietnam won additional 15 gold medals to climb to the second position in the medal table with 30 gold, 28 silver, and 36 bronze medals.It was a successful day for Vietnamese athletes in track-and-field and Kun Bokator (a traditional battlefield martial art of Cambodia), with two and six gold medals, respectively.Vietnamese athletes in other sports also bagged additional 10 gold and nine silver medals.Meanwhile, Vietnamese U22 football team also had an important victory over Malaysia to advance to the semi-finals of men’s football. SEA Games 32 is taking place from May 5-17 in Cambodia’s capital city of Phnom Penh and four other localities - Siem Reap, Preah Sihanouk, Kampot, and Kep.As of 21:30 on May 8, Cambodia topped the medal table with 37 gold medals./.
Source:Viet Nam News
May 09, 2023 02:34 UTC
ASEAN Senior Officials meet on preparations for the 42nd ASEAN Summit
– Ambassador Vu Ho, acting head of the ASEAN Senior Officials' ( SOM ) delegation of Vietnam, joined his counterparts from other regional countries in Labuan Bajo, Indonesia on May 8 to discuss preparations for the 42nd Summit of the blocParticipants reviewed the agenda, activities, and a list of documents to be submitted to the ASEAN leaders for consideration on this occasion. Taking place on May 10-11, the 42nd ASEAN Summit will discuss many issues on the process of building the ASEAN Community, including ASEAN Community's Post-2025 Vision, ASEAN's external relations, as well as international and regional issues of common interest. At the meeting, heads of the SOM delegations of countries mulled over the implementation of ASEAN's priorities in 2023 as well as updated the cooperation situation between ASEAN and its partners. The same day, the 16th meeting of the ASEAN Coordinating Council Working Group on Timor Leste's application for ASEAN membership was held. The roadmap will be submitted to the 42nd ASEAN Summit for approval./.
Source:Viet Nam News
May 08, 2023 19:58 UTC
SEA Games 32: Vietnam win nine more golds on May 7
Women’s basketball team win gold medal (Photo: VNA)Swimmer Pham Thanh Bao (Photo: VNA)In jujitsu, Dao Hong Son gets the gold in the men's 56kg pool (Photo: VNA)– Vietnamese athletes won a total of nine gold, seven silver and five bronze medals on May 7 – the second official competition day of the ongoing 32nd Southeast Asian (SEA) Games in Cambodia.Notably, in the women’s 3x3 basketball, Vietnam beat the Philippines 21-16 to get the regional gold for the first time, putting an end to the prolonged domination of the Philippines and Thailand in this sport.Meanwhile, Pham Thanh Bao set a record in the men's 100m breaststroke, finishing first with a time of 1min and 0.97sec. His time was a new record of the competition, beating the 1min 1.17sec he set at the last Games in Hanoi.Also in swimming, the men's relay team came from behind to secure gold for the country in the 4x200m freestyle event, clocking 7 min 18.51 sec.In jujitsu, Dao Hong Son grabbed the gold in the men's 56kg pool in which rivals competed in a round-robin format. Son had the same points after three wins and one loss with fighters from Singapore and the Philippines but his outstanding performance pushed him to the gold.As of 9:30pm on May 7, Vietnam ranked fourth in the medal tally, with 15 golds, while host Cambodia topped the table with 29./.
Source:Viet Nam News
May 08, 2023 08:47 UTC
SEA Games 32’s opening ceremony in Phnom Penh
The opening ceremony has three parts with sound and lighting performances spreading the message “Sports, live in peace”. SEA Games 32 with 38 sports takes place from May 5-17 in the capital city of Phnom Penh and four other localities, including Siem Reap, Preah Sihanouk, Kampot, and Kep. Vietnam sends a delegation with a record number of over 1,000 to compete in 30 out of 36 sports at the SEA Games 32. It targets a top-three finish at the regional sporting event./.
Source:Viet Nam News
May 06, 2023 20:46 UTC
VIETNAM NEWS HEADLINES MAY 5/2023
She showed her impression at the Vietnamese people’s hospitality.Within the event’s framework, an exhibition was held to introduce UNESCO-recognised cultural heritages. More than 300,000 international tourists visiting Vietnam and around seven million domestic visitors traveling during the five-day holidays, the Vietnam National Administration of Tourism (VNAT) said on May 4. Vietnam seeking cooperation with Germany’s Schleswig-Holstein stateA Vietnamese delegation led by Ambassador to Germany Vu Quang Minh on May 3 visited Schleswig-Holstein, the northernmost state of Germany, seeking further cooperation between Vietnam and the state. Rear Admiral Aaron Beng also expressed his hope to welcome Rear Admiral Tran Thanh Nghiem, Commander of the Vietnam People’s Navy, in Singapore at an appropriate time./. She affirmed that Vietnam and the UAE hold great potential of cooperation in this field and wished that the two corporations would consider investing in energy projects in Vietnam.
Source:Viet Nam News
May 05, 2023 14:41 UTC
VIETNAM NEWS HEADLINES MAY 4/2023
Vice President of Vietnam Vo Thi Anh Xuan (L) meets with President of the UAE Sheikh Mohamed bin Zayed Al Nahyan on May 3. The Government Office has just issued a written notice of Prime Minister Pham Minh Chinh’s conclusion at the visit to the Vietnam National University in Hanoi (VNU), and FPT University. With the strength of defending champions, it was not difficult for Vietnam to overwhelm Malaysia from the first minutes of the match. The residents of Hamlet 1 in Binh Son Commune, Long Thanh District, have to spray water to reduce the amount of dust that enters their homes. He led the struggle for national independence and established the Democratic Republic of Vietnam, now the Socialist Republic of Vietnam, in 1945.
Source:Viet Nam News
May 04, 2023 17:28 UTC
Vietnam sees 41 new projects abroad licensed in last four months
Illustrative photo (Photo: ttdn.vn)Hanoi (VNA) – In the first four months of this year, Vietnam saw 41 new projects abroad licensed with the investment from Vietnam reaching 140 million USD, a decline of 51% compared with that of the same period last year. Investment capital adjustments were made at 11 projects, increasing by 13.5 million USD in capital. Vietnam’s foreign investment consisting of both new investments and adjusted ones reached 153.5 million USD in the first four months of this year, a drop of 53.2% year on year. Meanwhile, total foreign investment capital registered in Vietnam as of April 20 reached 8.88 billion USD, marking a year-on-year decrease of 17.9%. Foreign direct investment capital in Vietnam in the first four months of 2023 was 5.85 billion USD, down 1.2% over the same period last year./.
Source:Viet Nam News
May 04, 2023 14:28 UTC
SEA Games 32: Vietnam men's football team defeat Singapore
Nguyen Van Tung celebrates after opening the scoreline for the second consecutive match. From a decisive counter-attack, Le Van Do’s through ball found Tung, who fired home his second goal this tournament.Vietnam continued to take control of the match and capitalised from a mistake by Fathullah Rahmat at the edge of the box. The Singaporean failed first touch rebounded to Thai Son, who scored marvellously from 18m and doubled Vietnam ’s lead just two minutes before the break.Troussier's men continued to push on, as Singapore's resistance seemed futile. Chances came for substitutes Khuat Van Khang, Nguyen Quoc Viet and Nguyen Van Truong but was squandered.The third goal did come for the men in red, albeit not from one of their players. The defending champions will have a five-day break to fine-tune their performance before facing their two toughest opponents of the group, Malaysia on May 8 and Thailand on May 11./.
Source:Viet Nam News
May 04, 2023 08:25 UTC
Venezuela determined to further strengthen ties with Vietnam: President
– Venezuelan President Nicolás Maduro Moros affirmed his country’s determination to further strengthen the friendship and multifaceted cooperation with Vietnam while receiving Vietnamese Ambassador Vu Trung My, who came to present his credentials, in Caracas on May 2.Congratulating My on being appointed as the Ambassador of Vietnam to Venezuela, President Nicolás Maduro recalled his visit to Vietnam in August 2015 and expressed his admiration for late President Ho Chi Minh, the Southeast Asian country’s struggle for national liberation and reunification, and especially the enormous achievements of Doi moi (Renewal) launched and led by the Communist Party of Vietnam.He also thanked the Vietnamese Party, State, and people for their solidarity with and support for the constitutional Government of Venezuela.The President emphasised Venezuela’s wish and determination to further intensify the friendship and multifaceted cooperation with Vietnam, including developing economic and trade ties on par with the sound political relationship.For his part, My expressed his honour to serve as the Ambassador of Vietnam to Venezuela , pledging all-out efforts to contribute to the bilateral comprehensive partnership, particularly when the two countries will mark the 35th founding anniversary of their diplomatic ties in 2024.He also congratulated Venezuela on its considerable achievements in socio-economic development and affirmed the Vietnamese Party, State, and people’s consistent support for the constitutional Government of President Nicolás Maduro.The diplomat said he believed that under the clear-sighted leadership of the United Socialist Party of Venezuela (PSUV) headed by President Nicolás Maduro, the Venezuelan people will certainly surmount every difficulty and challenge to successfully carry out the last instructions of late leader Hugo Chávez, continue reaping new achievements in national development, and promote the country’s reputation and stature in the international arena./.
Source:Viet Nam News
May 03, 2023 21:42 UTC
VIETNAM NEWS HEADLINES MAY 3/2023
Over the past 22 years, Australia’s RMIT University in Vietnam has assisted the Government of Vietnam in generating a skilled workforce for Vietnam to realize its development strategies. In the field of development cooperation, after officially providing aid to Vietnam in 1993, Luxembourg has committed to continuing development aid to Vietnam and became an official member of the Vietnam Consultative Group since 1998. The mechanism of Vietnam - Luxembourg Partnership Committee also ended in 2017 following Vietnam's middle-income status. She conveyed President Vo Van Thuong’s invitation to invite UAE President Sheikh Mohamed bin Zayed Al Nahyan to visit Vietnam. She also invited UAE Vice President Sheikh Mansour bin Zayed to visit Vietnam at an appropriate time.
Source:Viet Nam News
May 03, 2023 16:23 UTC
Economic growth to rebound in H2, now ideal time to selectively buy stocks: VinaCapital
Michael Kokalari, chief economist at VinaCapital, is confident economic growth will rebound in the second half of the year. (Photo courtesy of the company)- With the Government’s initiatives to address disappointing GDP growth in the first quarter and the fact that foreign companies’ orders are likely to increase in the second half of the year, the economy is expected to rebound then, Michael Kokalari , chief economist at investment fund VinaCapital , has said.In his latest report, he said GDP growth in Vietnam slowed precipitously in Q1 as consumers in the US and other developed markets cut purchases.Manufacturing accounted for a quarter of Vietnam’s GDP, and output contracted slightly in Q1 as against 9% growth a year earlier since most products made in the country were exported to the US and other developed countries.Vietnam’s international trade accounted for a higher percentage of its GDP than in any other nation and territory in modern history, excluding Hong Kong and Singapore, and so weaker demand in the rest of the world weighed fairly heavily on its economy.“Vietnam’s exports fell 12% year-on-year in Q1, driven by a 20% drop in exports to the US. Meanwhile, inventories at US retailers and other consumer-facing firms such as Nike and Lululemon are now contracting, which is why we expect FDI factories’ order books to start recovering later this year (inventories’ year-on-year growth looks likely to fall to 0% in H2, which should prompt a resumption of order growth for Vietnam).“Finally, domestic consumption continues to grow at a healthy pace and consumer confidence has remained remarkably resilient despite the sharp slowdown in GDP growth.“In addition, foreign tourist arrivals skyrocketed to over 60% of pre-COVID levels in Q1 despite the fact that Chinese tourists have not yet returned to the country en masse - which is another reason we expect Vietnam’s economic growth to recover in H2.”GDP growth slowed from 8% in 2022 to just 3.3% in Q1, prompting the Government to launch several initiatives to boost growth.The Ministry of Finance has finalised plans to cut the VAT rate from 10% to 8% in H2, equating to a stimulus of around 1.5 billion USD for Vietnam’s 450 billion USD economy.The Government will also allow companies and individuals to defer payment of various taxes by three to six months.Last month, the State Bank of Vietnam cut policy rates by 50-100bps, including a 50bp reduction in the refinancing rate to 5.5%, and a 50bp reduction in the maximum interest rates banks are allowed to pay savings deposits of up to 6 months to 5.5%.The Government also walked back some stricter conditions it introduced in late 2022 on the issuance of corporate bonds, Kokalari said.It had directed ministries to address various administrative bottlenecks impeding real estate and infrastructure development.“The Government has taken a series of initiatives to address the country’s slowing growth, the most concrete of which are tax cuts and interest rate cuts, but administrative measures intended to ease bottlenecks impeding real estate development and infrastructure projects could have an even bigger impact on growth in 2023 and beyond.“The fact that stock markets tend to start climbing in advance of economic rebounds, coupled with the fact that the VN-Index is trading at around a 10-year low valuation, leads us to believe that now could be an ideal time for investors to selectively purchase Vietnamese stocks.”Interest rates on short-term deposits in Vietnam had peaked in late-2022, and the policy rate cut last month would create additional downward pressure on those rates.“Consequently, there will be many bank deposits maturing in Q2 and Q3 and savers will essentially face a choice of rolling over their deposits at lower interest rates or plowing that money into the stock market (the vast majority of time deposits in Vietnam are 3-month and 6-month deposits).”/.
Source:Viet Nam News
May 03, 2023 14:43 UTC
Efforts made to revive inbound tourism
Vietnam’s tourism industry has gradually recovered since fully opening to international visitors on March 15 last year. The number of foreign tourists reached nearly 1.9 million in the first two months of the year, equal to a quarter of the target set for last year. Vietnam has won several world tourism titles, such as Asian travel destination for 4 consecutive years, top heritage destination, and top culinary destination, which have helped spread its image among international friends. China’s decision to add Vietnam to the list of countries, to which China’s group tours can be conducted, starting from March 15, is expected to be a major boost for the tourism industry. The efforts of Vietnam’s tourism industry to reopen, together with the friendliness and hospitality of Vietnamese people, are advantages boosting its position in the eyes of international visitors./.
Source:Viet Nam News
May 02, 2023 17:37 UTC
Vietnam Book, Reading Culture Day responded in Russia
Vietnamese and Russia n students attend the book festival in Moscow on May 1. (Photo: VNA)- A book festival was held in Moscow on May 1 in response to the Vietnam Book and Reading Culture Day (April 21), giving a chance for the Vietnamese community in Russia to meet, exchange books and promote the reading culture.Along with introducing various kinds and titles of books to readers to encourage their reading, the festival also offered an opportunity for visitors to experience calligraphy , folk games and traditional cuisine of Vietnam.A fund-raising event was also held to build schools for mountainous students at home.After presenting books to the festival organising board, Mai Nguyen Tuyet Hoa, First Secretary for Education at the Vietnamese Embassy in Russia, said that she hopes a library will be set up for Vietnamese youngsters in the country soon.The Vietnam Book and Reading Culture Day was first held in 2022 following the Prime Minister's Decision No.1862/QD-TTg.The day is expected to encourage and develop the reading movement among the community, contributing to building a learning society. In addition, it aims to honour readers, authors, publishers, printers and libraries that make efforts to preserve, collect and promote books./.
Source:Viet Nam News
May 02, 2023 17:33 UTC
VIETNAM NEWS HEADLINES MAY 2/2023
Last year, the province and Vietnam Airlines agreed a comprehensive cooperation deal in 2022-26, aiming at promoting destinations, tourism and investment. Earlier, Xoan singing was inscribed on the Urgent Safeguarding List in 2011 due to declining appreciation of this tradition, notably among young people. Xoan singing is also practiced at 64 district-level clubs and 42 commune-level clubs with thousands of participants. She won the Belgian International 2022, the Vietnam Open 2022 and Vietnam International Challenger 2023. Phát meanwhile took a silver from the Vietnam International Challenge last month.
Source:Viet Nam News
May 02, 2023 16:00 UTC