Msb banking term

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

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

In the previous period, the academy strictly observed all directions and instructions of the higher levels, mapped out measures to accomplish all assigned missions, contributing to building a strong Party organization in political, ideological, and ethical terms, organization and staff, and a comprehensively strong, "exemplary and typical" academy. Meanwhile, its education and training work was well implemented with good results, and the scientific research quality was raised. The academy also took measures to effectively improve the quality of self-study and theses. The education and training management work was also strictly ensured. During the academic year, all of the academy's affiliate units carried out scientific research, increasing by 1.64% in comparison to last year. Besides, political education, Party and political work, and emulation movements were conducted as scheduled with good results, contributing to encouraging troops to overcome difficulties to complete all … [Read more...] about Political Academy accomplishes set targets in academic year 2021-2022

The Vietnam Employment Outlook Survey Q3 & Q4 2022 by recruitment company ManpowerGroup Vietnam said 88% of enterprises plan to expand or at least maintain their payroll in the second half of the year. The manufacturing, wholesale, retail, banking-finance, and professional consulting sectors expressed the greatest desire to expand. The survey focused on mid-career jobs and found nearly half of enterprises plan to hire people with at least six months’ experience. "The Vietnamese labor market is, from our perspective, bustling," Nguyen Xuan Son, ManpowerGroup Vietnam acting country operations manager, staffing and outsourcing services, said. But businesses are facing challenges with 57% saying they have difficulty in hiring. One of the challenges is that candidates do not have the soft skills they require, such as English proficiency. Nearly one in three companies said fewer than 10% of their employees have the necessary English skills to work. Nguyen Thu Trang, … [Read more...] about Companies want to recruit workers, but have difficulty: survey

At the conference on August 11, MPI Minister Dung said that thanks to the control of the pandemic and the maintenance of macroeconomic stability, the business sector has reported a positive recovery recently. As of July, the whole country had about 871,000 operating enterprises with tax incurred, an increase of nearly 13 per cent compared to 2021. In the first seven months of 2022, the number of enterprises entering and returning to the market, as well as additionally registered capital into the economy, increased sharply. The number of enterprises entering and re-entering the market was over 130,000 enterprises, an increase of 26.8 per cent on-year, 1.4 times higher than the number of enterprises withdrawing from the market. The total registered capital added to the economy in the first seven months of 2022 reached over $143 billion, an increase of over 37 per cent on-year. According to reports from business associations, the market has recovered over 75-85 per cent compared … [Read more...] about Utilising every opportunity to grow and overcome challenges

Illustrative image (Photo: https://www.medcom.id/) Jakarta (VNA) – The National Development Planning Agency (Bappenas) of Indonesia is targeting to add 1.8 million workers to the green economy sector by 2030, spreading across energy, electric vehicles, land restoration, and waste treatment. Green Economy Index one of the macro development targets, and include it in the mid-term and long-term national development planning documents. Indonesia , including average gross domestic product (GDP) growth of 6.1–6.5% per year until 2050; and reducing 87–96 billion tonnes of greenhouse gas emissions during 2021–2060, and a 68%-reduction in emissions intensity by 2045. green economy could also help Indonesia increase the area of mangrove forests to 3.6 million ha by 2060, Arifin said./. VNA … [Read more...] about Indonesia targets 1.8 million more jobs to green economy by 2030

Children are exposed to increased risks of online harms, especially during the outbreaks of the COVID-19 with increased screen time. (Photo: VNA) Hanoi (VNS/VNA) - The National Children's Hospital has recently received more child patients with mental illnesses attributed to the increased screen time they spent during the COVID-19 pandemic when outdoor physical social activities were limited. Doctor Ngo Anh Vinh, deputy head of the hospital's Department of Adolescent Health, said that after the COVID-19 pandemic, the number of children coming to check for mental illnesses related to social networks increased. "Many of them need treatment for social media addiction. Some children are admitted to the hospital after they have attempted suicide," Vinh said. "Currently, the World Health Organisation (WHO) considers social network addiction and game addiction as a mental illness with consequences that severely affect the child's mental and physical health and quality of … [Read more...] about Rise of screen time puts children at high risk of social media addiction

A tea field in the midland province of Thai Nguyen. (Photo: VNA) Hanoi (VNA) — Standing Deputy Prime Minister Pham Binh Minh has just signed Resolution 96/NQ-CP on the Government's action plan for socio-economic development and ensuring national defence and security in the northern midland and mountainous regions by 2030. Under the action plan, the Government set specific targets for socio-economic development for the regions. The Gross Regional Domestic Product (GRDP) growth in the period of 2021-2030 will reach 8-9% per year, and by 2030, the economic scale of the region will reach about 21 trillion VND (90.5 billion USD), of which agriculture, forestry and fishery will account for 12-13%, industry and construction 45-46%, and services 37-38%. The GRDP per capita will be 140 million VND (6,000 USD) per year (at the current price), and the total state budget revenue will reach about 190 trillion VND (8.1 billion USD). The urbanisation rate is about 40%, and 80% … [Read more...] about Pushing economic development in northern midland, mountainous regions

Ha, who is also a member of the Party Central Committee and head of the delegation of National Assembly deputies of Ninh Binh, hosted a reception on August 12 for Anouphap Tounalom, Secretary of the Lao People's Revolutionary Party (LPRP) Central Committee, and Secretary of the Party Committee and Chairman of the People’s Council of Vientiane. The two localities should cooperate and share experience in Party and administration building as well as socio-economic development, creating a foundation for long-term collaboration, she told the visiting Lao official. Stronger bilateral diplomatic ties between the two localities would contribute to consolidating and tightening the Vietnam-Laos great traditional friendship, she continued. The Lao official, in reply, said his visit to Ninh Binh aimed to enhance the relations between Vietnam and Laos as well as Ninh Binh and Vientiane, and intensify coordination and connectivity between the local Party Organizations and administrations. … [Read more...] about Vietnamese, Lao localities forge cooperation

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