Long term investments properly diversified include the following mutual funds

An employee passes electronic boards showing share prices inside Hồ Chí Minh Stock Exchange in HCM City. — VNA/VNS Photo Hữu Khoa HÀ NỘI — An upgrade to emerging status will not only help the stock market develop quickly, transparently and sustainably, but also attract huge foreign capital inflows, said experts. Recently, the Government has directed to purge the market and improve the trading system’s capacity, showing its determination to enhance the quality of the stock market. The refinement is to protect investors and open a door for the Vietnamese stock market to be upgraded from a frontier to an emerging market. Prime Minister Phạm Minh Chính has taken an interest in the development of the capital market and the stock market, including the matter of upgrading the market. During a trip to attend the ASEAN-US Special Summit, on May 16, the PM visited the New York Stock Exchange (NYSE) – the largest stock exchange in the world – hoping it supports and shares experience to … [Read more...] about Upgrading the market for the sake of all participants

This preliminary assessment was made by the ASEAN+3 Macroeconomic Research Office (AMRO) after its Annual Consultation Visit to Vietnam from May 3 - 18. “The Vietnamese economy is expected to grow at 6.3 percent in 2022 and 6.5 percent in 2023. Inflation is projected to remain contained,” said AMRO Group Head and Lead Economist Kalra. “This positive outlook rides on strong external demand, a recovery in domestic consumption and healthy investments inflows, bolstered by an appropriate macroeconomic policy stance.” The domestic outbreak of the Omicron variant receded sharply in April 2022, and border restrictions and domestic containment measures were eased. The aggregate output gap is expected to narrow significantly by the end of this year. The recovery is, nevertheless, uneven across sectors. While both the manufacturing and service sector outputs have surpassed their 2019 levels, the service sector still has pockets of distress, especially in the tourism, hospitality and … [Read more...] about AMRO forecasts Vietnam’s strong recovery amid external headwinds

Prime Minister Pham Minh Chinh attends Gia Lai's 90th founding anniversary celebration ceremony in Pleiku City on May 21 evening. (Photo: VNA) Gia Lai (VNA) - Gia Lai should make renewable energy a key economic sector and pay more attention to developing tourism and processing industries while, Prime Minister Pham Minh Chinh stressed at the Central Highlands province’s 90th founding anniversary celebration ceremony held in Pleiku City on May 21 evening. Gia Lai is blessed with various natural and cultural advantages, Chinh said in his remarks, noting that the province has magnificent, green landscapes; fertile soil; a wealth of minerals and resources; distinctive cultures; as well as hardworking and friendly people. To make the most of such advantages and potential to turn Gia Lai into a strong province with improved living standards, the provincial Party organisation, administration and people must work harder, cement their solidarity, and stay active, … [Read more...] about Gia Lai should make renewable energy key sector: PM

The Ministry of Transport and localities have proposed VND103 trillion (USD4.43 billion) to carry out 13 transport infrastructure projects between 2022 and 2023. The Ministry of Transport has recommended six projects worth a total capital of VND87 trillion (USD3.75 billion) which will be sourced from the government’s socio-economic recovery programme. The Ministry of Transport and localities have proposed VND103 trillion to carry out 13 transport infrastructure projects The biggest project is the eastern section of the north-south expressway which has a total investment of VND146.9 trillion. Under the ministry’s proposal, VND72.6 trillion will be taken from the government’s socio-economic recovery programme. The other projects are the Cao Lanh-An Huu, Chau Doc-Can Tho-Soc Trang, Khanh Hoa-Buon Ma Thuot, Bien Hoa-Vung Tau expressways and Dai Nghia Bridge which will use VND6 trillion, VND1.2 trillion, VND3.8 trillion, VND2.3 trillion, VND3.5 trillion and VND4.1 … [Read more...] about VND103 trillion proposed for 13 infrastructure projects

"I hate defeat. But Vietnam were strong and they had the support of 40,000 fans. They defended well, played long balls and were patient. They also scored a great goal. Thailand also played well. We created many chances but couldn’t score. That’s football," Polking said. He added: "Vietnam got to play at home, they had three months of training with specific strategies. They had better possession and knew how to convert chances. The beautiful goal by Nham Manh Dung is proof that they deserve to be champions." Thailand’s attacking power was considered the strongest in SEA Games as they scored 13 goals before the final. However, they approached the first half differently, compared to other games. "Actually, Thailand’s playing style was still the same. When we played Indonesia, we didn’t need too much pressing, since the opponent didn’t know how to distribute the ball. We tried to press Vietnam but it’s hard to succeed because they have quite a solid defense. I told the players to be … [Read more...] about Vietnam deserve SEA Games gold: Thai coach

Vietnamese (in red) and Thai players vie for the ball at the final on May 21. (Photo: VNA) Hanoi (VNA) – The media in Thailand ran many articles on the women’s football final between their country and hosts Vietnam at SEA Games 31 on May 21. Vietnam won over Thailand 1- 0 in the match, freshly following which State President Nguyen Xuan Phuc and Prime Minister Pham Minh Chinh sent their congratulations to the team. In its story, the Daily News said the final, held on Cam Pha Stadium of Quang Ninh province, was a game between equally talented teams, but Vietnam were in the lead thanks to a goal by Huynh Nhu at the 59th minute to grab the gold medal. The newspaper also mentioned the Vietnamese team’s top place in the region for seven times, including golds at three consecutive SEA Games. Meanwhile, Thailand earned the silver medal for straight three times and the gold at the region’s biggest sporting event for five times. Siam Sports reported despite encouragement from … [Read more...] about SEA Games 31: Thai media comment on Vietnam’s win in women’s football final

A boy is vaccinated against COVID-19 in Hà Nội. — VNA/VNS Photo HÀ NỘI — Việt Nam reported 1,319 new COVID-19 infections on Sunday, bringing the national total to 10,708,887. Hà Nội again topped the list of new transmissions with 347, followed by the northern province of Bắc Ninh with 138. The other areas that recorded infections were Vĩnh Phúc (90), Nghệ An (82), Yên Bái (61), Quảng Ninh (58), Tuyên Quang (51), Phú Thọ (50), Hải Dương (40), Thái Nguyên (39), Thái Bình (35), Đà Nẵng (33), Lào Cai (32), Nam Định (21), Hà Tĩnh (19), Quảng Bình (19), Lâm Đồng (19), Bắc Kạn (17), Cao Bằng (17), Hải Phòng (17), Hưng Yên (16), Hà Nam (13), Thanh Hóa (12), HCM City (12), Lạng Sơn (10), Hòa Bình (10), Sơn La (10), Bình Phước (7), Hà Giang (6), Quảng Trị (6), Bình Định (6), Gia Lai (5), Ninh Bình (4), Bến Tre (3), Bình Thuận (3), Bắc Giang (3), Lai Châu (2), Bà Rịa-Vũng Tàu (2), Bình Dương (1), Thừa Thiên-Huế (1), Cần Thơ (1) and Hậu Giang (1). There were no COVID-related deaths on … [Read more...] about 1,319 new COVID-19 transmissions reported on Sunday

By May 20, the country had injected 219,047,772 doses of COVID-19 vaccine s (Photo: VNA) Hanoi (VNA) – New cases of COVID-19 dropped strongly to under 100 in many localities on May 21, with a total 1,457 new case s recorded in the past 24 hours from 4pm May 20 to 4pm May 21, according to the Ministry of Health. Hanoi still reported the highest number of infection s on the day with 370 cases, followed by Nghe An with 95 and Vinh Phuc with 91. The national tally reached 10,707,568. A total 3,069 COVID-19 patients were given the all clear on May 21, bringing the number of recoveries so far to 9,393,101. There are 221 patients needing breathing support, while no death was recorded in the past 24 hours. The total fatalities stood at 43,075. By May 20, the country had injected 219,047,772 doses of COVID-19 vaccines, including 3,385,880 first doses and 19,600 second doses for children from five to under-12 years old./. VNA … [Read more...] about COVID-19: New cases drop strongly in many localities on May 21

Russia has agreed to assist Vietnam in building an e-government as well as help the Southeast Asian country ensure information safety, a Russian deputy minister for digital development said in Hanoi on Monday. Russian Deputy Minister of Digital Development, Communications and Mass Media Mikhail Mamonov is leading a delegation on a working visit to Vietnam from February 18 to 20. The guests, including Russian experts and firm representatives, had a working session with Vietnamese Minister and Chairman of the Government Office Mai Tien Dung in Hanoi on Monday. Vietnamese Prime Minister Nguyen Xuan Phuc established the National Committee on E-Government and assigned the Government Office to work with the Ministry of Information and Communications, and relevant agencies to build a detailed plan for the 2019-2020 period, Dung said at the meeting. Vietnam will launch platforms on data sharing and put into operation a national public services portal, with a view to building smart … [Read more...] about Russia to assist Vietnam in building e-government