Chinas zero covid policy

Illustrative image (Photo: ledgerinsights.com) Bangkok (VNA ) – The Bank of Thailand (BOT) on August 10 raised its key policy rate by 25 basis points (0.25%) to 0.75%, aiming to keep the country's increasing inflationary pressures in check. The BOT forecast that Thailand's economic growth this year will be 3.3%, up 0.1% from its previous projection. For 2023, it predicted growth of 4.2%, down 0.2%. The central bank also maintained its forecast that the annual inflation stays at 6.2%. Raising the interest rate signaled that the BOT was shifting its focus by tightening monetary policy in order to prevent spiraling inflation that could weigh on economic growth . The BOT also noted that the Thai economy is recovering after the COVID pandemic was controlled./. VNA … [Read more...] about Thailand’s central bank hikes rate for first time in four years

Delegates discuss issues related to sustainable development at the ‘Good for Business, Good for Planet’ seminar held in HCM City on Wednesday. — VNS Photo Shifting to green growth would help businesses increase their competitiveness and catch up with trends in the domestic and foreign markets, delegates told a seminar in HCM City on Wednesday. As one of the world's most vulnerable countries to climate change, Viet Nam has made multi-dimensional efforts to drive the whole nation towards its collective goal of reaching net zero greenhouse gasses emissions targets, achieving sustainable development, and contributing to tackle the global climate change crisis, they said. Speaking at the ‘Good for Business, Good for Planet’ seminar held by Nhip Cau Dau Tu magazine, Tim Evans, CEO of HSBC Vietnam, said, “The green journey that Viet Nam has embarked on is bringing both opportunities and challenges. Those businesses who get onboard early can capture major opportunities and build a … [Read more...] about Going green gives businesses a competitive advantage

A strong business community will build an independent and highly resilient economy. Localities are expected to further create a favorable environment for business operation, especially in simplifying administrative formalities and avoiding petty corruption. Prime Minister Pham Minh Chinh at the conference. Photos: Nhat Bac Prime Minister Pham Minh Chinh stressed the view during a conference between the Government’s leader and business community on August 11, which drew the participation of 1,200 delegates from a business association and local companies. According to Chinh, more than two years since the outbreak of the Covid-19 pandemic, Vietnam has now put the situation under control and maintained positive growth. Vietnam’s GDP  during the six months expanded by 6.42%, higher than the 5.74% rate in the same period last year, and equivalent to the growth rate recorded in the pre-pandemic period 2016-2019 (6.38%). In addition, Chinh also pointed out high … [Read more...] about PM urges favorable environment for businesses

Hanoi (VNA) - The following is a list of selected news summaries last night by Vietnam News Agency. – The 14th meeting of the National Assembly Standing Committee wrapped up in Hanoi on August 11 after two and a half days of sitting. NA Chairman Vuong Dinh Hue said the meeting had completed all tasks as scheduled. Read full story – Standing members of the steering committee in charge of a project to draft a strategy for building and completing a law-governed socialist state of Vietnam by 2030, with a vision to 2045, held a meeting with the Central Theoretical Council in Hanoi on August 11. Members of the council showed their support for the draft strategy, which they said has been prepared in a methodological, democratic and scientific manner that guarantees the Party’s comprehensive and absolute leadership, firmly maintains the socialist orientation, and doesn’t include loopholes for hostile forces to take advantage of to sabotage the Party, State or regime. Read full story … [Read more...] about ☀️ Morning digest August 12

Cao Son Coal, the company with the largest mining output in Vietnam, on July 19 announced to improve and expand the capacity of the Cao Son coal mine in Cam Pha in the northeastern province of Quang Ninh, to meet high production requirements. Coal mining companies are increasing output to deal with power generation shortages, Le Toan The mine has total reserves of almost 52 million tonnes, with a designed capacity of about 4.5 million tonnes per year. By upgrading the reserves, Cao Son’s coal mine is expected to complete a record high mining output of 6.78 million tonnes in 2022. Phan Quoc Viet, director of Cao Son Coal, said, “We have mobilised equipment to maximise the exploitation of raw coal at the Cao Son mine. In 2021, we achieved a mining output of over 6.4 million tonnes.” Many miners feel that Cao Son Coal’s plan to increase output faces many challenges, especially considering the increasingly difficult and complex open-pit mining conditions. Similar to … [Read more...] about Power shortage worries increase hunger for coal

Representative of Hanwha Life Vietnam received the “Best companies to work for in Asia 2022” Award at a ceremony on August 11. — Photo courtesy of the company Hanwha Life Vietnam was honoured as one of the “Best companies to work for in Asia 2022,” the most prestigious regional award in human resources by HR Asia Magazine at a ceremony on August 11. The international award recognised Hanwha Life’s persistent efforts over the past decade in Viet Nam to build the best working environment for employee engagement based on "self-motivation, civilisation and integration." Joining the prestigious award for the first time, Hanwha Life has surpassed many other players in the sector to secure impressive high scores. The survey results show that the company’s average scores in all three categories are higher than in the industry. Among them, Core (corporate culture and personnel structure) reached 4.41 compared to the industry average of 3.71; Self (emotions and thoughts of each … [Read more...] about Hanwha Life Vietnam wins ‘Best Companies to Work for in Asia 2022’ Award

Knowhow of a perfect Vietnamese traditional ‘ao dai’ comes to the tailors in Hanoi's suburb village almost naturally, contributing to enhancing the beauty of the Vietnamese women. For hundreds years, many generations of tailors in Trach Xa village have contributed to preserving and promoting the charm of the traditional Vietnamese costume. Hundreds-years-old craft village Charming Vietnamese girls in ao dai dress. Photo: Thanh Hai Legend has it that Emperor Dinh Tien Hoang fell in love with a beautiful girl of Trach Xa during his visit to the village. She became his wife and used her creativity to make outfits for the royal court. Trach Xa Village in Ung Hoa District, 60km away from Hanoi’s center, has been well known for hundreds of years for specializing in traditional ao dai making. But artisan Nghiem Van Dat says that the mother of this trade is Nguyen Thi Sen, who was very young when her sewing skills were put at the service of the royal family … [Read more...] about [Uniqueness of Hanoi’s craft villages] Trach Xa villagers: Born to be skillful ‘ao dai’ tailors

The nation will play a more extensive role in future UN peacekeeping operations, including expanding the number of missions conducted by Vietnamese peacekeeping forces through forms of deployment. At the reception (Image source: qdnd.vn) Deputy Minister of National Defence Sen. Lieut. Gen. Hoang Xuan Chien made the statement during a reception held on August 12 in Hanoi for Pauline Tamesis resident coordinator of the UN in Vietnam. Deputy Minister Chien emphasised that this year is of great significance as it will mark the 45th anniversary of the country’s participation in the UN. History shows that Vietnam has closely co-ordinated with international organisations, especially the UN, in order to carry out a foreign policy of independence, self-reliance, multilateralisation, diversification, and being a responsible member of the wider international community. The Deputy Minister also acknowledged the goodwill and co-operation of the UN and their competent … [Read more...] about Vietnam participates more deeply in UN peacekeeping operations