All Vietnamese contestants secure prizes at 2022 Asian Physics Olympiad
The winning Vietnam ese contestants (Photo: VNA)All eight Vietnamese students participating in the 2022 Asian Physics Olympiad (APhO) have won prizes, bringing home one silver, two bronze medals and five certificates of merit, according to the Ministry of Education and Training 12th-grader Le Minh Hoang from the Hanoi University of Science (HUS)’s High School for Gifted Students earned the silver medal. Also from the school, 10th-grader Vo Hoang Hai and 11th-grader Vu Ngo Hoang Duong, secured the bronze medals, while 11th-grader Nguyen Tuan Minh and 12th-grader Cao Van Dong each received a certificate of merit.The remaining three certificates went to students from high schools for the gifted in the northern provinces of Vinh Phuc and Bac Ninh, and the south-central province of Phu Yen.Hosted by India, the online competition lasted from May 23 to 31 and drew 28 contingents with 218 contestants.Concluding their participation, the Vietnamese team ranked 8th after those from China, Russia, Australia, Taiwan (China), Kazakhstan, India, and Thailand./.
Source:Viet Nam News
June 01, 2022 03:13 UTC
Fourth Vietnam Economic Forum to take place in HCM City
The press meeting about the fourth Vietnam Economic Forum on May 31. (Photo: Vietnam Government Portal)– The fourth Vietnam Economic Forum is scheduled to take place in Ho Chi Minh City on June 5 with a focus on how to build an independent and self-reliant economy with extensive integration in the new context.The forum will be held by the Party Central Committee’s Economic Commission, the Government, and the HCM City People’s Committee.It will serve as a platform for ministries, sectors, localities, scientists, researchers, enterprises, and representatives of some international organisations to share opinions and viewpoints which will be considered in the Party Central Committee ’s drafting of socio-economic policies, Vice Chairman of the Economic Commission Nguyen Thanh Phong told a press meeting in Hanoi on May 31.The event’s plenary session will look into the global economy and major trends in international economic cooperation, opportunities and challenges to Vietnam in the global economy, digital technology manpower, and risk governance.Meanwhile, three panel discussions will look into how to form a stable labour supply chain after the COVID-19 pandemic; the development of capital and real estate markets; and technological reform, digital transformation, and supply chain diversification.Phong noted this will be the first time the forum takes place in HCM City, which is the country’s economic locomotive and was also hit hardest by the pandemic last year. It will convey a message about the strong recovery and development of the metropolis and Vietnam as a whole./.
Source:Viet Nam News
May 31, 2022 23:09 UTC
Children’s Day festivities
Videos IQ tests: Vietnamese ranked 9th Of the more than 100 countries and territories participating in IQ rankings conducted by Finland’s Wiqtcom, Vietnam was ranked 9th, with an average IQ of 109.37, followed by Finland. Videos Vietnam more attractive investment destination Due to China's strict zero-COVID policy and disrupted supply chains, more and more German companies in Asia are looking for alternatives and neighbouring Vietnam has become a new target, the German weekly business news magazine WirtschaftsWoch wrote in an article published on May 29. Videos Hai Duong’s GlobalGap lychees exported to EU The northern province of Hai Duong exported 3 tonnes of lychees from the first batch of the 2022 crop to the UK, Germany, and the Netherlands on May 30. Videos Tourists to Hanoi surge in first five months of 2022 The capital city of Hanoi welcomed 6.53 million tourists in the first five months of 2022, more than double the figure in the same period last year.
Source:Viet Nam News
May 31, 2022 17:35 UTC
More room to develop Vietnam's international shipping fleet
There were 1,502 ships under the Vietnamese flag as of December last year. (Photo: VNA)- The potential is great, but the development and operation of Vietnamese cargo shipping has not been commensurate with the role and position of the country.In the project to develop Vietnam's international shipping fleet by the Vietnam Maritime Administration (Ministry of Transport), the administration said that the country's seaport system in recent years has developed relatively synchronously and modernly and is able to welcome some of the world's largest ships.However, containers of goods imported and exported to/from Vietnam are mainly handled by foreign shipping lines, especially on long-distance sea routes from/to developed countries such as Europe and the US.The domestic fleet currently mainly undertakes domestic transportation and short international routes in Asia. The international shipping market share of Vietnam's shipping fleet has been on a downward trend in recent years.The fleet structure is not as good as it could be with mainly small tonnage ships carrying dry and bulk cargo. There is a lack of container ships and large tonnage ships operating on international routes.There were 1,502 ships under the Vietnamese flag (excluding data of ships under construction) as of December last year, with a total tonnage of about 7.15 million GT and 11.7 million DWT.The number of ships ranged from 1,000 to over 1,200 ships in the 2016-2020 period.The number of ships has decreased by over 200 last year compared to 2016, equivalent to a decrease of 17.2 percent.Compared with the 2010-15 period, Vietnam's transport fleet has decreased by over 400 ships. The Vietnam Maritime Administration recommends calling for private investment in human resource training, including domestic and foreign training.There are policies and special incentives for employees of the shipping industry in order to encourage workers to stick with the work for a long time.Speaking at a seminar on developing the Vietnamese international shipping fleet last week, Deputy Minister of Transport Nguyen Xuan Sang said that the ministry had been completing a project to develop the Vietnamese international shipping fleet with many synchronous solutions and a specific roadmap to submit to the Government to facilitate the development of not only the international shipping fleet but also the domestic fleet.The deputy minister affirmed that he would continue to gather suggestions and opinions from businesses and associations to complete this important project in detail./.
Source:Viet Nam News
May 31, 2022 16:39 UTC
Meeting raises public awareness of prevention and control of tobacco harms
Vu Dang Minh, Chief of the Office and Deputy Head of the Steering Committee for Tobacco Control of the Ministry of Home Affairs speaks at the meeting. He said that the Ministry of Home Affairs has taken a series of practical solutions toward a living environment without smokes. He emphasised the need for everyone to join hands in the fight against smoking, for the health of the whole community, and for a greener and cleaner environment. According to the national tobacco harm prevention and control programme, 40,000 Vietnamese people die each year from tobacco-related diseases. It is estimated that in 2021, the number of Vietnamese people dying from tobacco use exceeded the total number of deaths from HIV/AIDS, tuberculosis, traffic accidents and suicide./.
Source:Viet Nam News
May 31, 2022 09:47 UTC
Rising input costs hit Vietnamese enterprises
Business Virtual workshop seeks ways to facilitate Vietnam's aquatic exports to RCEP markets A virtual conference looking to bolster shipments of Vietnam’s aquatic products to member nations of the Regional Comprehensive Economic Partnership (RCEP) is being held on May 30 and 31.Business Hanoi's five month export-import turnover skyrockets Hanoi enjoyed a surge in exports-imports in the first five months of this year, signalling the capital city’s strong economic recovery, according to the municipal Statistics Office. Business Hai Duong creating optimal conditions for Japanese investors: official The northern province of Hai Duong is striving to create optimal conditions for Japanese investors, Secretary of the provincial Party Committee Pham Xuan Thang affirmed on May 30.Business Vietnam more attractive investment destination: German business magazine Due to China's strict zero-COVID policy and disrupted supply chains, more and more German companies in Asia are looking for alternatives and neighbouring Vietnam has become a new target, the German weekly business news magazine WirtschaftsWoch wrote in an article published on May 29.
Source:Viet Nam News
May 30, 2022 19:32 UTC
Vietnam shows potential for fruit exports to US
Pomelo is expected to be the seventh fruit of Vietnam exported to the US market in the future. This will be a favourable condition for enterprises to export Vietnamese fresh fruit to the US market. Besides that, the company also had created cold storage with a capacity of 10,000 tonnes in the factory to meet customer demands.Currently, Vietnam's fresh fruit exports to the US are limited due to high logistics costs, including marine and air transport costs, leading to high costs in exporting fresh Vietnamese fruit to the US. The export value of fruit and vegetables continued to increase significantly over the same period last year.So far, Vietnam has six types of fresh fruit licensed to export to the US: dragon fruit, rambutan, longan, lychee, star apple, and mango. Pomelo is expected to be the seventh fruit added to the list./.
Source:Viet Nam News
May 30, 2022 11:29 UTC
VIETNAM NEWS HEADLINES MAY 30
In the most recent international tournament, Huynh Nhu scored the only goal to help Vietnam trounce Myanmar in the semi-final match at the 31st Southeast Asian Games (SEA Games 31). Thailand won a silver medal at the recent 31st SEA Games while the Philippines secured a ticket to the 2023 FIFA Women’s World Cup. Especially after the gold medal of the U23 Vietnam Football Team at the 31st SEA Games, the heat is even greater. 100 Cambodian officials were sent to Hà Nội to learn and experience Việt Nam's SEA Games preparation and organising activities. Meanwhile, all 14 key players who won the goal medal at the recent SEA Games 31 hosted by Vietnam are kept on the list.
Source:Viet Nam News
May 30, 2022 10:35 UTC
☀ Morning digest on May 30
It is one of events of the Prime Minister's 2022 Dialogue with Vietnamese farmers held in Son La. 555 million USD) in 2021 with the after-tax profit of 80 billion VND (approx. As of December 31, 2021, Vietjet’s assets totaled nearly 51,654 billion VND (approx. 2.22 billion USD). Its debt-to-equity ratio stayed at 0.9 while the liquidity ratio was at 1.6 - all were considered good indicators in the aviation industry.
Source:Viet Nam News
May 30, 2022 07:44 UTC
Full automatic non-stop toll collection to start on Hanoi-Hai Phong highway on June 1
Business HCM City’s export turnover expands 7.9 percent in Jan-May Enterprises in HCM City exported 20.7 billion USD worth of goods in the first five months of 2022, posting a year-on-year increase of 7.9 percent, according to the municipal Statistics Office. Business Da Nang ready for Routes Asia 2022 The central city of Da Nang has become ready for the 16th Asian route development forum 2020 (Routes Asia 2022), the largest and biggest event to promote and connect flight networks in the Asia-Pacific region. Business Banks told to rollout low-interest businesses loans Commercial banks were told to launch a 40 trillion VND support package with a 2 percent yearly rate cut for businesses in a meeting with the State Bank of Vietnam (SBV) last week. Business Reference exchange rate down 20 VND at week’s beginning The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 23,089 VND/USD on May 30, down 20 VND from the last working day of previous week (May 27).
Source:Viet Nam News
May 30, 2022 04:59 UTC
Vietnam attends Int’l Food and Culture Bazaar in Brazil
Vietnamese handicrafts are on display at the International Food and Culture Bazaar held at the Brasilia Art Museum (MAB) in Brazil last weekend. (Photo: baoquocte.vn)Vietnam was among exhibitors at the International Food and Culture Bazaar held at the Brasilia Art Museum (MAB) in Brazil last weekend, showcasing Vietnamese handicrafts and traditional cuisine.Featuring 45 booths run by exhibitors from 35 countries across the globe, the bazaar aimed to raise fund for three charitable organisations that support the homeless and impoverished women in Brasilia. It attracted more than 3,000 visitors, including many from other South American countries.On display at the Vietnamese booths were creative handicraft products from Vietnam, including lacquered and mother of pearl inlay coconut bowls, embroidered “non la” (conical hat), and silk scarves.There were also Vietnamese traditional food and drinks, such as fried spring rolls, banana cakes and iced tea, alongside various books, magazines and photos introducing life, nature and people of Vietnam./.
Source:Viet Nam News
May 30, 2022 04:35 UTC
Banks promote lending to exporters amid Vietnam’s positive shipments
Workers are classifying shrimp for export at a seafood processing factory in Bac Lieu province. (Photo: VNA)- Commercial banks have stepped up lending to export firms, especially those in industrial parks and export processing zones, as exports of many goods have grown strongly this year.Nguyen Duc Lenh, deputy director of the State Bank of Vietnam (SBV)’s HCM City branch, said total outstanding loans in HCM City by the end of April 2022 reached more than 3 quadrillion VND (130 billion USD), of which about 196 trillion VND was poured into the Government’s priority areas, including exports.According to Lenh, the loans have helped many firms in industrial parks and export processing zones maintain production and business. Vietcombank’s Bình Dương Province branch has lowered interest rates for 87 percent of loans of corporate and individual customers.Vo Van Buu, director of Commercial Joint Stock Bank for Industry and Trade of Vietnam (VietinBank)’s Binh Duong Industrial Park branch, said the bank has launched many preferential loan programmes, which are exclusive to manufacturing and export areas. Thus, firms in the areas have many opportunities to access loans with low interest rates to serve their production and business needs.Private and foreign banks are also accelerating capital financing for manufacturing and export firms to capitalise on the strong recovery of export activities, especially in textile and garment, agriculture, fishery and processing industries.A representative of ShinhanBank in HCM City said the bank is currently lending well in industrial parks and export processing zones, with outstanding loans of some 30 million USD at a preferential interest rate of about 7.5 percent per year in the first one to three years. The loans to firms in industrial parks and export processing zones are continually growing well as the bank is expanding to other provinces and cities with many industrial zones.Meanwhile, domestic bank s such as HCM City Development Commercial Joint Stock Bank (HDBank), Vietnam Prosperity Commercial Joint Stock Bank (VPBank), Tien Phong Commercial Joint Stock Bank (TPBank) and Orient Commercial Joint Stock Bank (OCB) have also boosted financing for export firms.TPBank, for example, has launched a loan package worth 1 trillion VND for firms to develop livestock farms with an interest rate of 8 percent per year, while HDBank applied a preferential loan package of 1 trillion VND until mid-2022 to finance salary payments for corporate clients with interest rates from 6.8 percent per year.Along with the strong recovery of domestic firms after successfully controlling the pandemic, it is expected that banks’ credit will continue to be poured into production and business areas to recover the economy in many cities and provinces in the near future./.
Source:Viet Nam News
May 29, 2022 21:32 UTC
Son La asked to develop service industries to form harmonious economic structure
- Prime Minister Pham Minh Chinh on May 29 asked the northern mountainous province of Son La to focus on developing service industries to form a harmonious economic structure, and work to turn tourism into a spearhead industry.Working with provincial leaders as part of his working trip to the locality, PM Chinh said that the province should promote high-tech agriculture, strive to become a centre of agricultural product processing and a hub of milk, fruit, and herbal plants in the northwestern region, step up industrial development, and well exploit the strengths of renewable energies such as hydroelectricity, wind, solar energy.It is necessary to review, restructure and increase the efficiency of public investment, develop transport infrastructure, improve the business and investment environment, and speed up digital transformation, he stated.The Government leader requested Son La to study and focus on developing green economy, circular economy, digital economy; accelerate economic restructuring; make the most of the human factor, associated with promoting cultural identity, developing tourism , and promote innovation and startup.He also required the province to ensure social security and welfare, reduce the poverty rate, especially in ethnic minority-inhabited and far-flung areas, invest more in education and health, and put the people at the centre and consider them the subject, the goal and the driving force of development.Son La must well fulfil military and defence tasks, ensure political security and social order and safety, and strengthen the fight against drug crime, PM Chinh said, stressing the need to step up international cooperation, including relations with Lao localities, so as to build a border of friendship, peace and development.The Government leader also asked the province to pay more attention to the building of the Party and political system.In the first five months of 2022, the socio-economic situation in Son La province continues to achieve positive results, locals’ lives are improved, national defense and security are maintained. GRDP in the first quarter increased by 5.02 percent, the index of industrial production by 8.83 percent, total retail sales of goods 8.9 percent, and exports 3.2 percent. Meanwhile, disbursement was equal to 25 percent of the yearly plan.Earlier on the same day, Prime Minister Pham Minh Chinh offered incense at President Ho Chi Minh's temple and planted a tree at the Northwest Square in Son La city./.
Source:Viet Nam News
May 29, 2022 18:05 UTC
Mural depicting Vietnam-US friendship inaugurated
Painter Nguyen Thu Thuy with the ceramic mural ''Tinh huu nghi Viet My (US-Vietnam Friendship'. (Photo courtesy of Nguyen Thu Thuy)- A ceramic mural , Tinh huu nghi Viet My (The Vietnam-US Friendship), has been inaugurated at the new US-Vietnam Cooperation Centre in Hanoi.The mural (25m by 1.8m) is by painter Nguyen Thu Thuy and her staff at the Tan Hanoi Company. Thuy is an author of the mural Ceramic Road by Red River.The mural starts with the spectacular landscape of the Grand Canyon, a massive gorge located in the state of Arizona.“The rocky mountain complex can change colours magically according to sunlight and weather. Painter Thuy also presented US Ambassador Marc E. Knapper with a water-coloure painting of the Grand Canyon, a draft she made before making the mural. Together we preserve and promote values favoured by nature.”The US-Vietnam Co-operation Centre is located at the Diplomatic Academy of Vietnam (DAV), 69 Chua Lang street, Hanoi./.
Source:Viet Nam News
May 29, 2022 15:35 UTC
World’s longest glass bridge inaugurated in Son La province
Bach Long bridge in the northern province of Son La. (Photo: baovanhoa.vn)Hanoi (VNA) – The People’s Committee of Son La province held the inauguration ceremony of a 632-metre-long glass bridge in Muong Sang commune, Moc Chau district on May 28. Bach Long bridge is part of the Moc Chau Island Tourist Complex invested by Tour 26 Moc Chau Joint Stock Company. This is a complex of entertainment services and high-class resorts including five-star hotel, monorail amusement park, cable car service and ethnic cuisine area, with Bach Long bridge being its highlight. The same day, Bach Long bridge was recognised as the world’s longest cliff-side path by Guinness World Records (GWR) and the world's glass-bottomed bridge by the World Record Association (WRA) and the Official World Record (OWR)./.
Source:Viet Nam News
May 29, 2022 11:18 UTC