Which investments are long term

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

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

Vietnamese representative Phung Truong Tran Dai officially unveiled an outfit that she will wear during the National Costume Competition at the Miss International Queen 2022 pageant set to take place in June in Thailand. The outfit has been designed by Nguyen Minh Triet and draws inspiration from the motifs of rice, storks, cranes, sun, and Ao Dai, the nation’s traditional long dress Most notably, the highlight of the design is the headdress which takes its inspiration from the sun. The costume is primarily comprised of silk and aims to honour the beauty of Vietnamese women. This marks the third time that the nation has sent contestants to the transgender pageant, one of the world's leading beauty pageant for transgender women. This comes after Vietnamese representative Nguyen Huong Giang won Miss International Queen 2018 the first time the nation sent a competitor to the pageant. … [Read more...] about Vietnam unveils national costume for Miss International Queen 2022

Noise-proof panels are being urgently installed at the 3rd ring road, in Mai Dich-Nam Thang Long section. According to the Tokyu-Taisei contractor, about 4,500 aluminum-clad polycarbonate sheets will be installed on a total length of 5.3 km by the end of December. At the construction site, dozens of workers are rushing to complete the work on schedule. Before this installation, the Ministry of Transport assigned the Institute of Transport to test and monitor noise in this area of the road. All must be based on scientific data and then the authority would come to a decision to install noise barriers or not. From the monitoring results, the authority decided that noise has affected the lives of people living next to the 3 rd ring road. The purpose of the noise barrier installation is to eliminate noise for people living next to the ring road./. VNA … [Read more...] about Hanoi installs noise barrier system for the 3rd ring road

Passengers on the first Vietjet Air flight from Seoul to Nha Trang. (Photo: vietjetair.com) Hanoi (VNA) – Celebrating a vibrant summer and welcoming life back to Vietnam's famous paradise beaches, budget carrier Vietjet has officially reopened flights connecting Seoul and Nha Trang, Phu Quoc and Hai Phong. The first flight back to Nha Trang from Seoul on May 20 was greeted with a water cannon salute, flowers and gifts, showing Vietnam’s warm hospitality to visitors. Vietjet plans to relaunch services from Seoul to Phu Quoc and Hai Phong and vice versa this May, raising the total routes linking Vietnam and the Republic of Korea to six, given that the two countries are expecting a new wave of tourists from both sides, after the RoK announced the resumption of short-term tourist visas for foreigners from June 1. There are currently three Nha Trang - Seoul (Incheon) round-trip flights weekly, on Wednesdays, Fridays and Sundays. Starting from May 21, Vietjet … [Read more...] about Vietjet reopens flights between Seoul and Vietnam’s beach destinations

The Hai Ba Trung Street in Hanoi erupts after the referee blows the final whistle. Vietnam defeated Thailand 1-0 with the winning goal scored by Nham Manh Dung in the 84th minute. Photo by Gia Chinh A crowd in downtown Hanoi were in a state of extreme excitement after the game. Photo by Gia Chinh Fans greet each other on Ton Duc Thang Street in HCMC's downtown District 1. Photo by Quynh Tran Ecstatic fans said it had been a long time since they'd been able to celebrate Vietnam's victory on the streets because of Covid-19. Photo by Quynh Tran Vietnam celebration spills out into the streets Người Đà Nẵng xuống đường cổ vũ bóng đá Celebration in Da Nang. Video by Nguyen Dong Hue residents flocked to the streets and headed for the downtown area in great numbers. The sounds of cheers and horns filled the air and could be heard from afar. … [Read more...] about Vietnam celebration spills out into the streets

"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

Nguyễn Tiến Linh (9) and Nhâm Mạnh Dũng (17) celebrate after Dũng scored the only goal for Việt Nam. VNA/VNS Photo Quốc Khánh Peter Cowan HÀ NỘI – Việt Nam retained their SEA Games men’s football title on Sunday night, with a late, golden goal enough to see off bitter rivals Thailand by a goal to nil. The party began at Mỹ Đình Stadium in Hà Nội and surely went long into the night as the whole country celebrated their latest group of young heroes. The latest piece of silverware is yet another vindication of coach Park Hang-seo’s pragmatic methods, as while Việt Nam failed to entertain with their quality of play, he U23s still came away with the gold medal. Coach Park made three changes to the starting 11 that defeated Malaysia in the semi-final on Thursday, with Nguyễn Văn Tùng, Huỳnh Công Đến and Phan Tuấn Tài coming into the team. The passion of the rabid home crowd ensured the match was played in an atmosphere befitting of a final, but the quality of play in … [Read more...] about Golden Việt Nam defeat Thailand for SEA Games crown

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