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A hand-painted portrait of South Korean coach Park Hang-seo, who led Vietnam to the top of Southeast Asian football by clinching the trophy at the 2018 AFF Championship earlier this month, was sold for US$10,500 at an auction in Hanoi on Sunday. The oil painting, named Nguoi thay cua toi (My mentor), is a work by Vietnamese artist Tran The Vinh. It depicts Park on a red background with one hand on his heart, apparently singing to the national anthem of Vietnam during a match. Vu Quang Huy, a popular TV host and sports commentator in Vietnam, was invited to be the honorary auctioneer for the special event. The artwork was sold to the highest bidder for $10,500, half of which was immediately donated to a local charity fund at the auction. The winning bidder asks to remain anonymous. The remaining half of the money would be used to sponsor a foundation that provides financial support to young and rising artists in Vietnam, according to Nguyen Xuan Cuong, director of the … [Read more...] about Portrait of Vietnam football boss Park Hang-seo sells for $10,500

Speakers at last week’s conference noted that dozens upon dozens of multinationals are interested in the healthcare PPP model in Vietnam. Photo: Chi Cuong At last week’s conference on the issue, hosted by VIR , Deputy Minister of Planning and Investment Tran Duy Dong said that Vietnam’s healthcare sector is facing a number of big issues, including rising infectious and non-communicable disease figures, hospital overload, and an ageing population. The pandemic has also revealed some weaknesses in the sector. “To further improve healthcare service quality and meet demand, mobilising financial resources for new development of infrastructure and medical equipment is a key requirement,” he noted. For the past five years, the government has looked to strengthen the implementation of a model for public-private partnerships (PPPs) for the public sector, including in healthcare services. However, according to VIR’s editor-in-chief Le Trong Minh, the picture of such investment in … [Read more...] about More favourable rule system urged for healthcare PPPs

GENEVA — The World Economic Forum’s Community of Chief Economists expects lower economic activity, higher inflation, lower real wages and greater food insecurity globally in 2022, pointing to the devastating human consequences of the fragmentation of the global economy. Reversing previous expectations for recovery, the majority of respondents to the latest survey expect only a moderate economic outlook in the United States, China, Latin America, South Asia and Pacific, East Asia, sub-Saharan Africa and the Middle East and North Africa in 2022. In Europe, the majority expect the economic outlook to be weak. The choices of both business and government are expected to lead to greater fragmentation in the global economy and unprecedented shifts in supply chains, creating a perfect storm of volatility and uncertainty. These patterns are expected to create further difficult trade-offs and choices for policy-makers, and – without greater coordination – shocking human costs. These are the … [Read more...] about Chief economists outlook warns of dire human consequences from the fragmentation of the global economy