China's withdrawal from hosting the 2023 Asian Cup could see the showpiece shift west to the Gulf, where new infrastructure and voracious demand for major events has made the region a magnet for international tournaments. Having planned to hold the Asian Cup across 10 cities in June-July next year, China dropped the 24-team tournament due to "exceptional circumstances caused by the COVID-19 pandemic", the Asian Football Confederation (AFC) said over the weekend. The AFC said it would name a new host in due course but provided no detail and declined to provide immediate comment to Reuters . AFC member nations were in the dark on Monday about the next steps. "This is quite an unusual situation and so there’s no specific process that we are aware of on how things could go," a spokesperson for the Korean Football Association (KFA) told Reuters . "We just know that China has given up." The AFC has little time to appraise candidates and may not have a diverse set to choose … [Read more...] about China withdrawal could see 2023 Asian Cup heading west
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Vietnam’s economic recovery gaining momentum
Vietnam continues to benefit from its broad re-opening strategy, which saw a huge crowd flocking to tourist hotspots in the country and household spending rebound. Vietnam’s economic recovery is gaining momentum despite heightened global uncertainty related to the protracted war in Ukraine, higher commodity prices, and tightening global financial conditions, according to the World Bank. Cargo handling at Dinh Vu port, Haiphong. Photo: Cong Hung In its latest report, the World Bank pointed out the robust growth of industrial production by 9.4% in April, comparable to pre-pandemic rates. Manufactures of apparel, footwear, electronics, electrical equipment, and metal products were the most dynamic sub-sectors, registering double-digit growth rates, it added. However, machinery manufacturing slowed from 26.6% year-on-year in March to only 5.1% in April. This deceleration was related to supply chain disruptions caused by lockdowns in China, which led to a … [Read more...] about Vietnam’s economic recovery gaining momentum
Lao newspaper spotlights Vietnamese N.A. Chairman’s official visit
According to the article, titled “Laos-Vietnam relations are deepening,” the visit takes place in the context that the two countries are preparing to celebrate the 60th anniversary of the establishment of diplomatic relations (September 5, 1962 - September 5, 2022) and the 45th anniversary of the signing of the Treaty of Amity and Cooperation (July 18, 1977 - July 18, 2022) and the Laos - Vietnam Solidarity and Friendship Year 2022. It affirmed that the visit to Laos of the high-ranking Vietnamese delegation allows the two nations to continue inheriting, cultivating and developing the great friendship, special solidarity and comprehensive relationship between the two Parties, the two States and the people of Laos and Vietnam. According to the article, Laos and Vietnam share a border of more than 2,000km, and the close relationship between the two countries has been cultivated since the historical period of national construction and defense in each country. The great friendship, … [Read more...] about Lao newspaper spotlights Vietnamese N.A. Chairman’s official visit
Keeping CPI below 4 pct this year a challenge: Economist
Illustrative photo. (Source: VNA) Hanoi (VNA) – It will be a challenge to keep Consumer Price Index ( CPI ) growth under 4 percent this year, according to an economist. Vietnam's CPI picked up 2.1 percent in the first four months of 2022 , much higher than the same period last year’s 0.89 percent but still lower than that of 2017 (4.8 percent) and 2020 (4.9 percent), commented Dr. Tran Toan Thang, head of the Department of Industrial and Business Forecast at the National Centre of Economic Forecast and Information. April CPI advanced 2.09 percent compared to December 2021 and 2.64 percent year-on-year as a result of an increase in prices of nine out of eleven commodities and services. Prices of transport services surged 16.59 percent last month, causing the overall CPI to gain 1.6 percentage points. As major economies like the EU, US, and UK are seeing inflation climbing to record highs in decades, it still looks okay for Vietnam, he said. However, he warned that … [Read more...] about Keeping CPI below 4 pct this year a challenge: Economist
N.A. Chairman visits Lao – Viet Bank in Vientiane
LVB was established on June 22, 1999 and had charter capital of 791.3 billion LAK (100 million USD at the date of capital contribution). Present in nine of the 18 provinces and cities in Laos, it is Vietnam’s leading commercial bank and also one of the three largest financial institutions in the country, with total assets currently approximating 1.1 billion USD - ranking third in the local banking system. Speaking highly of the bank’s development over the last 23 years, Chairman Hue, who is paying an official visit to Laos, said BIDV should help promote investment and give advice to Vietnamese firms planning to invest and do business in Laos. As bilateral trade stands at only 1.3 billion USD at present, much lower than the target of 2 billion USD, enterprises should make use of the Lao market, which is in close proximity to Vietnam. Aside from credit services, BIDV and its LVB need to develop non-credit ones so as to help achieve that target, he went on. The great friendship, … [Read more...] about N.A. Chairman visits Lao – Viet Bank in Vientiane
Herbalife Vietnam awards first 30 gold medals of Vietnamese athletes at SEA Games
Herbalife Vietnam awarded Wushu athlete Duong Thuy Vi By the end of May 13, the Vietnamese sports delegation led the medal ranking with 26 gold medals, 13 silver medals, and 17 bronze medals. Thereby, the representative of Herbalife Vietnam awarded prizes to the first gold medalists Le Cong Hoang Hai, Le Duc Dong, Nguyen Thi Thanh Tram, Tran Thuong, Bui Minh Quan, Pham Nguyen Hong Mo, and To Thi Trang in Kurash; the team of Nguyen Thi Thu Ha, Nguyen Thi Huyen, and Vuong Thi in the Pencak Silat's women's group boxing; Pham Van Mach and Dang Thanh Tung in weightlifting; Duong Thuy Vi in women's Wushu; and Pham Quoc Khanh in men's Wushu. On April 28, Herbalife Vietnam accompanied the Vietnam Olympic Committee (VOC) to organise the departure ceremony for more than 1,000 Vietnamese athletes and coaches to attend the 31 st SEA Games to be held in Vietnam during May 12-23, 2022. Herbalife Vietnam awarded weightlifting athlete Pham Van Mach Herbalife Vietnam has … [Read more...] about Herbalife Vietnam awards first 30 gold medals of Vietnamese athletes at SEA Games
VGreen spreading vast benefits of living greener
VGreen notes that healthier drinks are the party trend of the future A decade ago, “green consumption” was still very new to consumers. This not only made it difficult for businesses and manufacturers in the food and beverage sector but also hindered the needs of customers to access healthy products. Established in 2006, VGreen has been a pioneer in the production of alcohol substitutes with ingredients mainly from fresh tropical fruit and green tea from Vietnam. From the successful experience of producing pure fermented grape wine and juice in the central province of Binh Thuan in 2015, the brand continues to resonate, becoming the pioneer in producing Kombucha tea from Thai Nguyen tea in a cooperation programme with Thai Nguyen Department of Science and Technology. VGreen works with Vietnamese provinces to use their fruit materials Faithful to the mission of building and spreading a safe and healthy lifestyle, VGreen puts quality, sustainable efficiency, and … [Read more...] about VGreen spreading vast benefits of living greener
First Vietnamese woman reaches summit of Mount Everest
Nhã during her trip to conquer Vinson Massif, Antarctica in January 2022. — Photo courtesy of Nguyễn Thị Thanh Nhã NEPAL — Nguyễn Thị Thanh Nhã, also known as Céline Nha Nguyen, has become the first Vietnamese woman to conquer the summit of Mount Everest, according to Nepal-based mountaineering company Seven Summit Treks. Thaneswar Guragai, manager of Seven Summit Treks, confirmed that Nhã had summited Everest at around 3.30 am local time this morning. A representative from the company congratulated her and highlighted that she is the first Vietnamese woman to reach the summit of Everest, noting that this is a historic achievement for the Vietnamese climbing community. Nhã (fourth from the left) and the Everest conquering team. — Photo courtesy of Seven Summit Treks Nhã, a lawyer from Hồ Chí Minh City, aspires to conquer the 'Seven Summits' - the seven highest mountains in the world. In January this year, she successfully conquered Vinson Massif , which … [Read more...] about First Vietnamese woman reaches summit of Mount Everest
Vietnam Airlines joins SkyTeam’s Sustainable Flight Challenge programme
Passengers on Vietnam Airlines ' flight were welcomed with a cloth bag and card conveying the message of environmental protection, all made from environment lly-friendly materials. (Photo courtesy of Vietnam Airlines) Hanoi (VNA) – The national flag carrier Vietnam Airlines has participated in "The Sustainable Flight Challenge" (TSFC) programme, launched by SkyTeam Airline Alliance, with the first flight from Hanoi to the Republic of Korea’s Seoul. The programme aims to encourage ideas for aviation sustainable development , further reduce aviation’s impact on the environment and spur breakthrough ideas that can be shared across the industry. It has drawn the participation of 16 airlines from many countries including the United States, France, Italy, the Netherlands, Spain, China and the Republic of Korea. Participating carriers will be judged across 14 categories by an international panel of judges with members who are experts from related fields. The winners … [Read more...] about Vietnam Airlines joins SkyTeam’s Sustainable Flight Challenge programme
Deputy PM Vu Duc Dam welcomes Thai counterpart
At the reception (Photo: Vietnam Government Portal) Hanoi (VNA) - Deputy Prime Minister Vu Duc Dam on May 16 hosted a reception for Deputy PM and President of the National Olympic Committee of Thailand Prawit Wongsuwon. The Thai official is paying a visit to Vietnam and attending activities of the ongoing SEA Games 31 . At the reception, Dam congratulated Thailand on bringing COVID-19 under control, reopening its borders and promptly promoting socio-economic development. He thanked Thailand for sending the largest delegation of about 1,400 members to SEA Games 31 and hailed their outstanding achievements in SEA Games editions. At present, Thailand ranks second in the medal tally. He underlined that as the host of this year’s SEA Games, themed ‘For a Stronger South East Asia’, Vietnam is determined to uphold sportsmanship, honesty and solidarity for peace, cooperation and development in the region and the world. For his part, the Thai Deputy PM said the country … [Read more...] about Deputy PM Vu Duc Dam welcomes Thai counterpart