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
Challenges human resources
Staying safe in the booming blockchain and GameFi world
Hoang Viet Tien-Head of Strategic Advisory, Insider Mobile games and e-sports account for a major share of the blockchain sphere, and in addition to the play-to-earn wave from blockchain games, new waves are coming such as SocialFi (earning income through social activities), CALO (exercise to collect utility tokens), and Genopets (nurture and evolve Genopes to train and battle for rewards). A new report by DappRadar and the Blockchain Game Alliance suggests that 2022 will be a benchmark year for crypto games developers. The report reveals that $2.5 billion in investments were raised in Q1 alone this year, adding that developers could see this figure balloon to $10 billion by the end of the year. Compared to previous years, these figures also suggest the niche has become a key sector for investors. In 2021, for example, just $4 billion was raised throughout the whole year. In Vietnam, there are about 3.99 million gamers and more than 60 per cent are between the ages of 18 and … [Read more...] about Staying safe in the booming blockchain and GameFi world
Việt Nam, Singapore to strengthen cooperation ahead 50th anniversary of diplomatic relations
President Nguyễn Xuân Phúc (right) meets Speaker of the Singaporean Parliament Tan Chuan-Jin on Thursday. VNA/VNS Photo HÀ NỘI — Speaker of the Singaporean Parliament Tan Chuan-Jin said Singapore’s Prime Minister wants to visit Việt Nam in 2023 when the two countries celebrate the 50th anniversary of the establishment of diplomatic relations, during his meeting with Vietnamese President Nguyễn Xuân Phúc on Thursday. President Phúc said that the presence of Speaker Tan at the 31st SEA Games provides great encouragement to the host country Việt Nam and the Singapore sports delegation. The Vietnamese leader praised the good results of talks between Vietnamese NA Chairman Vương Đình Huệ and his Singaporean counterpart. Assessing that trade growth between the two countries is very positive, with more Singaporean projects investing in Việt Nam, the President said that the Vietnam Singapore Industrial Park is considered a symbol of economic cooperation between the two countries. … [Read more...] about Việt Nam, Singapore to strengthen cooperation ahead 50th anniversary of diplomatic relations
Blue economy model gathering pace
The United Nations Development Programme (UNDP) last week again warned that the ocean is faced with increasing threats and multiple risks posed by climate change, natural disasters, environmental pollution, over-exploitation of natural resources, and unsustainable economic activities. “Global warming and marine litter are threatening marine resources, including widespread bleaching of coral reefs. Globally, an estimated 8-20 million tonnes of plastic enter the ocean every year. In Vietnam, around 2,000 tonnes of plastic waste leaks from the country into the ocean every day. It is estimated that there will be more plastic than fish in the ocean by 2050,” said Caitlin Wiesen, resident representative in Vietnam of the UNDP. The global ocean economy contributes an estimated $3 trillion per year, or about 5 per cent of the world’s GDP and comprises industries ranging from oil and gas, shipping and ports to renewable energy, fisheries, marine ecosystems and tourism. The value of the … [Read more...] about Blue economy model gathering pace
Conference discusses Public-Private Partnerships in healthcare
A panel discussion at the conference on strengthening ‘Public-Private Partnership for sustainable healthcare transformation’ in Hanoi on May 18. (Photo: VNA) Opening the event, the newspaper's editor-in-chief Le Trong Minh said that Vietnam's health sector faced many challenges, such as increasing infectious and non-communicable diseases, hospital overcrowding, shortage of supplies and equipment, the ageing population as well as the disparity between regions and healthcare levels in terms of quality of medical services and standardisation of modern equipment. “For the health system to be capable and always ready to respond to future situations, towards a comprehensive and sustainable health care system, it is necessary to have new investment orientations in social resources for the health system, as well as stronger cooperation from the parties involved, including the Public-Private Partnership (PPP) method,” said Minh. At the event, MPI deputy minister Tran Duy Dong said it … [Read more...] about Conference discusses Public-Private Partnerships in healthcare