Birth rate to crude birth rate

Hanoi art performance marks President Ho Chi Minh ’s birthday (Photo: VNA) Hanoi (VNA) – An art performance was held in Hanoi on May 18 to celebrate the 132nd birth anniversary of President Ho Chi Minh. Hosted by the Van hoa (culture) Newspaper under the Ministry of Culture, Sports and Tourism in coordination with relevant agencies, the event was broadcast live on H1 TV channel of the Hanoi Television, with the participation of many famous artist s. It spotlighted the late President’s life and career, and the love of Vietnamese people for the homeland and the late leader. Many valuable documentary images about him were screened interspersed with songs during the event, highlighting his care for children and soldiers, farmers, intellectuals, and workers. President Ho Chi Minh was born on May 19, 1890, in Kim Lien commune, Nam Dan district, Nghe An province. He devoted his whole life to the cause of national liberation, while tirelessly striving for peace and … [Read more...] about Hanoi art performance marks President Ho Chi Minh’s birthday

Gold is yet again becoming a safe haven asset, and some customers want more ways to get involved, Le Toan The World Gold Council (WGC) believes that the appetite for gold is often hampered by the interest rate, as when interest rates rise, gold loses its appeal. However, inflation is also a tailwind to gold demand as a common safe-haven asset. The USD tends to weaken when the Fed raises interest rates, which enhances gold’s demand. “Furthermore, what happens in China’s consumer market has had a big impact as it’s the world’s largest consumer market for gold. We expect China to start to emerge from the worst of the pandemic and that will support consumer demand,” the WGC noted last week. “It is difficult to predict how the geopolitical situation will play out. It depends on where inflation goes, but inflation is certainly the biggest driver at the moment, which will probably support institutional investment demand in the next quarter.” Meanwhile, the demand for gold in Vietnam … [Read more...] about Gold appeal sparkles amid rise of inflation

Lenders reinforcing presence with bond issuance, Photo Shinhan Bank Vietnam Shinhan Bank Vietnam last week successfully issued bonds totalling VND2.8 trillion ($121.7 million), with a tenor of two years. CEO Kang Gew Won explained to VIR, “This is the first time that Shinhan Bank Vietnam has issued bonds in the Vietnamese market. This offering reinforces Shinhan Bank’s long-standing relationship with Vietnam. Our bank will use these proceeds from the bond sale to expand the bank’s credit activities, diversify its capital sources, serve its business objectives, and also ensure the bank’s long-term development.” On April 20, Shinhan Bank Vietnam also formally announced the use of the liquidity reserve ratio and net stable capital ratio in liquidity risk management, in accordance with Basel III standards. In recent times, the bank has been continuously assigned a BB rating by Standard & Poor’s, with a “Positive” outlook. Prior to Shinhan Bank, HSBC Vietnam became the … [Read more...] about Lenders reinforcing presence with bond issuance

Ho Chi Minh City transport authorities have requested that measures be taken to prevent commercial passenger transport companies from overcharging their passengers at Tan Son Nhat International Airport. In a dispatch sent to the airport authority and agencies concerned on Wednesday, the municipal Department of Transport asked that steps be taken to prevent passengers from being fleeced, including regular inspections of such vehicles. Strict punishments must be given to any firms which claim higher transport charges than their quoted rates, the department said. The move was made after passenger Dr. Le Dang Doanh, former head of the Central Institute for Economic Management, was asked by a commercial car driver to pay nearly VND200,000 (US$8.65) for his three-kilometer trip from the airport to a hotel. Dr. Doanh said he took a passenger car operated by the Southern Airport Transportation Joint Stock Company (SATSCO) for his trip after his flight touched down at the airport last … [Read more...] about Transport authorities request oversight of commercial cars at Saigon airport following overcharging accusation

At a Wednesday conference held by the Communist Party's Secretariat regarding sustainable development of Vietnam’s urban areas by 2030, with vision until 2045, Tran Tuan Anh, head of the Central Economic Commission, said the Party's decision-making Politburo has requested for quicker, better urbanization, as well as sustainably developing urban areas into networks. By 2025, the urbanization rate of Vietnam would be around 45 percent, with 950-1,000 urban areas. By 2030, the rate would be at 50 percent with 1,000-1,200 urban areas. The goal means Vietnam would need 100 more urban areas in the next decade. The country would also have certain urban centers at national and regional level, with medical, education and cultural criteria similar to other urban areas in countries among the top four in Southeast Asia. In those urban areas, the ratio between traffic land and construction land must be at 16-26 percent in 2030. Tree coverage for each person on average must reach 8-10 per … [Read more...] about Vietnam aims to be 50 percent urbanized by 2030

Vietnam achieved decent growth in the first quarter despite global geopolitical instability. The socioeconomic statistics report for the first quarter of 2022 of the General Statistics Office published on March 29 stated that GDP in the first quarter was estimated to increase by 5.03 per cent over the same period last year. A day before the report, Fitch Ratings forecast that Vietnam’s growth would recover to 6.1 per cent in 2022 and 6.3 per cent in 2023 thanks to increased domestic consumption, exports, and investment inflows. For the nation’s economic progress, the Power Development Plan VIII (PDP8) is the basis to guarantee the stability of Vietnam’s power source system. According to the Ministry of Industry and Trade (MoIT), by the end of 2021, the total installed capacity of renewable energy sources reach around 20,670MW, accounting for 27 per cent of the total installed capacity of the whole system (76,620MW). Finding the spark to ignite energy goals, illustration … [Read more...] about Finding the spark to ignite energy goals