Former President Donald Trump said FBI agents raided his Mar-a-Lago estate on Monday and broke into his safe in what his son acknowledged was part of an investigation into Trump's removal of official presidential records from the White House to his Florida resort. The unprecedented search of a former president's home would mark a significant escalation into the records investigation, which is one of several probes Trump is facing from his time in office and in private business. The U.S. Justice Department declined to comment on the search, which Trump in a statement said involved a "large group of FBI agents." The FBI's headquarters in Washington and its field office in Miami both declined comment. Secret service members stand guard outside former U.S. President Donald Trump's Mar-a-Lago home after Trump said that FBI agents raided it, in Palm Beach, Florida, U.S., August 8, 2022. Photo: Reuters Eric Trump, one of the former president's adult children, told Fox … [Read more...] about FBI searches Trump’s Florida home as part of presidential records probe
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Vietnam’s investment in education accounts 18% of total state expenditure
The cost of tutoring high school students is the largest amount for family spending at 43%. Vietnam's investment in education has steadily increased over the past 10 years, accounting for 18% of total state expenditure. Le Anh Vinh, Director of the Vietnam National Institute of Educational Sciences speaks at the event. Photo: VNIES The information was revealed by Le Anh Vinh, Director of the Vietnam National Institute of Educational Sciences (VNIES) under the Ministry of Education and Training at the conference announcing the analysis report on Vietnam's education sector in the 2011 - 2020 period, which was organized by the Vietnam National Institute of Educational Sciences and UNESCO on August 8. Investment in education over the past 10 years was still lower than the targeted 20%. It was equivalent to 4.9% of the country's GDP, higher than many nations in the region, according to the report. The Ministry of Education and Training is facing many challenges … [Read more...] about Vietnam’s investment in education accounts 18% of total state expenditure
Vietnam’s positive outlook lures foreign investors back to stock market
The central bank’s flexible management of monetary policy and the return of capital into markets around the world would have positive impacts on Vietnam’s market. Foreign investors sway back to the local stock market amid Vietnam’s bright economic outlook in the long term, according to a report from the SSI Securities Corporation. An investor at a securities company in Hanoi. File photo In July, Vietnam’s stock market witnessed a net outflow of VND347 billion (US$14.8 million) following a net inflow of VND8.37 trillion ($358 million) during the first six months of the year. Active funds also pulled a net amount of VND163 billion ($7 million) in July after two months of buying in. Among the lot, VFM VNDiamond withdrew VND522 billion ($22.3 million) in July after buying in a net amount of VND5.6 trillion ($239.4 million) in the first half, VanEck with VND300 billion ($12.8 million), and VFM VN30 with VND120 billion ($5.13 million). On the contrary, Fubon … [Read more...] about Vietnam’s positive outlook lures foreign investors back to stock market
55th ASEAN Day Celebration solemnly held
“Thanks to the effective pandemic response and guided by the ASEAN Comprehensive Recovery Framework (ACRF) and its Implementation Plan, we have emerged safer, stronger, and more resilient as a community,” he said at the event, held by the ASEAN Secretariat at its headquarters in Jakarta to mark ASEAN’s 55th founding anniversary. ASEAN trade volumes have returned to pre-pandemic levels and the association’s economy is forecast to grow by 4.9% this year and 5.2% next year. “The entry into force of the Regional Comprehensive Economic Partnership (RCEP) earlier this year demonstrates ASEAN’s pivotal role in contributing to regional peace and growth, bettering the life of our people, and providing opportunities for all.” According to the Secretary General, in spite of these achievements, ASEAN must remain vigilant against the ever present risks to its recovery, including disruptions to the supply of key commodities, rising costs in food and logistics, and the economic slowdown in … [Read more...] about 55th ASEAN Day Celebration solemnly held
FM Bui Thanh Son’s remarks at ASEAN flag-hoisting ceremony
Foreign Minister Bui Thanh Son addresses the ceremony (Photo: VNA) Hanoi (VNA) – Foreign Minister Bui Thanh Son made a speech at the ASEAN flag-hoisting ceremony in Hanoi on August 8 on the occasion of the 55th anniversary of the regional grouping. Following is the full text of his speech. Excellencies, Ladies and gentlemen, It is my great pleasure to welcome all of you to the ASEAN Flag-Hoisting Ceremony today to mark the 55th founding anniversary of ASEAN. I am also happy to see all of you, healthy and safe after two years of COVID-19 outbreak. The ceremony this morning brings me back to the solemn moment as the ASEAN Flag was hoisted high amidst the stirring ASEAN Anthem at the very successful 55th ASEAN Foreign Ministers’ Meeting in Phnom Penh last week. Standing before the ASEAN Flag, we are truly proud of what we all have achieved in pursuing the aspirations of nearly 700 million Southeast Asian people for an ASEAN Community of peace, solidarity, resilience and … [Read more...] about FM Bui Thanh Son’s remarks at ASEAN flag-hoisting ceremony
55 years of ASEAN: One Vision, One Identity, One Community
Minister of Foreign Affairs Bui Thanh Son (Photo: VNA) Hanoi (VNA) - Minister of Foreign Affairs Bui Thanh Son wrote an article entitled ’55 years of ASEAN: One Vision, One Identity, One Community’ on the 55th anniversary of the Association of Southeast Asian Nations (ASEAN) (August 8, 1967-2022). Following is the full text of the article: “On August 8, 1967, the Association of Southeast Asian Nations (ASEAN) was established, initiating the process of extensive integration for the sake of peace, stability, and development in Southeast Asia and the region. From a group of Southeast Asian nations divided by wars, after 55 years of growth, ASEAN is today one of the most important, reputable, and successful regional organisations in the world, a ‘common home’ for 650 million people in 10 Southeast Asian countries with diverse culture, the fifth largest economic community in the world, and an important and reliable partner of many countries in the world, and an organisation that … [Read more...] about 55 years of ASEAN: One Vision, One Identity, One Community
Vietnamese exports to Nordic markets thrive
General Department of Vietnam Customs’ data showed that the bilateral trade reached US$1.03 billion in the first four months of 2022 (up 15 percent from the same period of 2021), including US$689.13 million worth of Vietnamese exports (up 19.2 percent) and US$342.16 million worth of Vietnamese imports (up 7.3 percent). Tra fish exports are projected to surge by a whopping 97 percent year-on-year in the first five months of 2022, reaching US$1.1 billion Nguyen Thi Hoang Thuy, Head of the Vietnam Trade Office in Sweden, concurrently in Denmark, Norway, Iceland, and Latvia, said Nordic enterprises generally bought Japonica rice from Spain, Italy, Japan and the US, and were excited to discover they could import a similar product with similar quality from Vietnam at a one-third to one half less. Foreign trade accounts for 50-60 percent of the Nordic bloc’s gross domestic product (GDP). Despite their small population, Nordic countries made an impressive import value … [Read more...] about Vietnamese exports to Nordic markets thrive
Shares open the week higher on banking sector
A customer using a tablet at a HDBank (HDB) branch. HDB rose 1.2 per cent Monday. — Photo courtesy of the bank Vietnamese shares opened higher on Monday, led by banking and large-cap stocks which were bolstered by continued improvements in investors’ sentiment. On the Ho Chi Minh Stock Exchange, the VN-Index edged up 0.32 per cent to close Monday at 1,256.75 points. The VN-Index had risen by 3.85 per cent last week. Some 699 million shares worth VND15.8 trillion (US$675.5 million) were traded on the southern exchange. The market's breadth was positive with 271 stocks climbing, of which 75 stocks hit ceiling prices, while 189 stocks declined. The index's rallies were driven by sharp gains in some large-cap stocks, especially in the banking sector. The VN30-Index, which tracks the 30 biggest stocks on HoSE, jumped 0.36 per cent, to 1,276.70 points. In the VN-30 index, gainers included Sacombank (STB), HDBank (HDB), ViBank (VIB), VPBank (VPB), Techcombank (TCB) and … [Read more...] about Shares open the week higher on banking sector
MoIT recommends unfinished wind, solar farms negotiate energy prices
Dong Hai wind farm in Tra Vinh Province. — Photo courtesy of Trungnam Group The Ministry of Industry and Trade (MoIT) has asked the Prime Minister about the mechanism for ongoing solar power and transitional wind power projects to enjoy the incentive price. In a recent document sent to the PM, the MoIT suggested investors of those projects negotiate electricity prices and power purchase and sale contracts with Viet Nam Electricity (EVN). Of a total of 78,121 MW of installed capacity of electricity sources nationwide, there was 16,545 MW of solar power, including 8,904 MW of concentrated solar power and 7,660 MW of rooftop solar power and 4,126 MW of wind power that have been put into operation and have enjoyed the FIT (preferential purchase price) according to the Prime Minister’s decision. However, the MoIT announced there were still many projects or parts of wind and solar power projects that had been implemented in practice but not been able to enjoy the FIT price in time. … [Read more...] about MoIT recommends unfinished wind, solar farms negotiate energy prices
NovaGroup to hold hiring day in Phan Thiet
NovaGroup alsways focuses on creating a good working environment for its staff The biggest Vocational Day will be organised by NovaGroup at its NovaWorld Phan Thiet this weekend, with over 500 jobs up for grabs. Candidates will be directly interviewed by company executives, receive advice from experts, connect with parters and each other, study NovaGroup’s ecosystem, and visit NovaWorld Phan Thiet. Over 500 jobs in positions such as supervisors, staff, managers at NovaGroup companies such as Novaland, Nova Service, Nova Industry, and Nova Capital Parterswill be offered They are open to applicants from the entire country expecially from HCM City, Binh Thuan Province and neighbour bouring provinces. NovaGroup’s competitive and preferential policies,training and excellent working environment are factors that keep workers at the company for a long time. Staffs are also offered preferential and interesting services available at NovaGroup’s ecosystem. Notably, the company is … [Read more...] about NovaGroup to hold hiring day in Phan Thiet