World bank vietnam

Deputy-Head of ICCR Yogeshwar Varma PANO - Yogeshwar Varma, Deputy-Head of the Indian Council for Cultural Relations (ICCR), stressed that Vietnam was a special nation in Buddhist heritage preservation. He gave the comment during the sideline of an International Buddhism Conference held in Hanoi on April 6th and 7th. According to Mr. Varma, he found various pagodas in provinces and cities across the North, which meant that Buddhism had great impact on the life of Vietnamese people. He shared that his first visit to Vietnam this time was very impressive. He visited the My Son Sanctuary, seen as one of the foremost Hindu temple complexes in Southeast Asia; the relic truly deserved to be a UNESCO World’s Heritage Site. He also contemplated on some old pagodas in Hanoi. He discovered that, despite two resistance wars against foreign invaders, pagodas in the North still kept their ancient and imposing features. He made comparison between pagodas in Vietnam and India. … [Read more...] about Vietnam – “a special nation” in preserving Buddhist heritages

The financial comparison site Finder has published a list of 10 cities in the world where travelers can enjoy the most affordable glasses of beer, including HCM City, Vietnam’s largest metropolis. According to Finder, the average price for a glass of about 570 ml of beer has increased over the years. This is not surprising when the Covid-19 pandemic has forced many restaurants and bars around the world to close. Consumers have gradually changed their habits by buying a variety of drinks in supermarkets or convenience stores. Finder's report shows that cities in Africa have a wide range of drinks at the most affordable prices because consumption costs in the region are not too expensive. Meanwhile, in big cities like Doha (Qatar), Oslo (Norway) or Dubai (United Arab Emirates), the price for a glass of beer is very high. Here is the list of cities in the world with the cheapest price for a glass of beer: 1. Freetown, Sierra Leone The 10 cities with the … [Read more...] about Saigon listed as one of the cheapest beer cities in the world

During the talks, Dung, Campbell and Kritenbrink expressed their delight at the practical and effective development of the Vietnam-U.S. comprehensive partnership in all spheres, thereby bringing benefits to people of both nations and contributing to the maintenance of peace, stability, cooperation and development in the Indo-Pacific region and the world as well. Dung proposed that in order to further deepen the bilateral ties, the two sides should increase meetings and dialogues, especially at the high level, while promoting economic, trade and investment cooperation within the Trade and Investment Framework Agreement (TIFA). Dung highly valued the U.S.’s commitments to continue increasing the budget for overcoming war consequences in Vietnam, to establish the Southeast Asian office of the U.S. Centers for Disease Control and Prevention in Hanoi and U.S.-funded projects in Vietnam, including the Fulbright University Vietnam. Vietnam hoped that the U.S. will continue supporting … [Read more...] about Vietnam, U.S. should increase meetings, dialogues at high level: Deputy FM

The ambassador emphasized that based on the comprehensive partnership between Vietnam and Venezuela, as well as the content of collaboration implemented, the two sides will promote cooperation with authorities of Guarico state in various fields, particularly exchange and set up a twin sister city relationship between Guárico and a locality in Vietnam with similar climate and soil conditions to the state. Dayana Encinozo, chairwoman of Legislative Council of Guarica, and heads of Education, Production and Trade departments have highly appreciated the cooperation project on developing Vietnam's rice production in the 2015-2019 period in the Guarico state. They also affirmed the close development of the friendly cooperation between Venezuela and Vietnam in many fields and expressed their wish to continue promoting cooperation in specific fields such as education, agriculture, and people-to-people exchange with Vietnam. At the meeting with the President of Romulo Gallegos National … [Read more...] about Vietnam, Venezuela localities seek to bolster cooperation

Participants at the event shared the view that through the 72-year history, the friendship between the people of Vietnam and Soviet Union in the past and Russia at present has been fostered by generations of leaders and people with positive results. They affirmed that both countries consider each other a important priority partner in their foreign policies. They also spoke of outstanding achievements in cooperation in politics, economy, national defense, education-training, and via Party and people-to-people channels. They reached consensus on several key cooperation areas this year, contributing to intensifying the bilateral comprehensive strategic partnership in the near future. Delegates expressed their belief that with high determination from both sides, the Joint Statement on the Vision of Vietnam – Russia comprehensive strategic partnership till 2030 on the occasion of President Nguyen Xuan Phuc’s recent visit to Russia will be carried out effectively, bringing the … [Read more...] about Teleconference marks 72nd anniversary of Vietnam-Russia diplomatic ties

JSCCIB Chairman Supant Mongkolsuthree (Photo: www.bangkokpost.com) Bangkok (VNA) – The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) has reduced its GDP growth forecast for Thailand to 0.5-2 percent from 1.5-3 percent due to the severe impact of the third COVID-19 outbreak despite bright export prospects this year. The Bangkok Post quoted JSCCIB Chairman Supant Mongkolsuthree as saying that even the Thai government’s plan to reopen Thailand by allowing vaccinated foreign tourists to visit Phuket without quarantine later this year may not be enough to restore the domestic economy. Exports appear to have a positive outlook as the group believes they will grow 5-7 percent, up from its 4-6 percent estimate. However, the JSCCIB has maintained its 1-2 percent inflation rate prediction. Supant, who is also chairman of the Federation of Thai Industries, said that as the third wave of COVID-19 remains volatile, economic recovery may take a long time as … [Read more...] about JSCCIB cuts Thailand’s GDP growth forecast

A view of Hai Phong Port in northern Vietnam (Photo: VNA) Singapore (VNA) - The ASEAN+3 region will remain resilient in 2022 in face of new challenges from the COVID-19 pandemic and the global economy, according to the ASEAN+3 Macroeconomic Research Office (AMRO). In its quarterly update of the ASEAN+3 Regional Economic Outlook released on January 25, AMRO maintains a positive outlook on ASEAN+3 economies (comprised of the 10 ASEAN countries plus China, the Republic of Korea, and Japan) for this year, with regional GDP growth of 4.9 percent, lower than the projection of 5 percent in the October update. Meanwhile, inflation will be kept relatively low at 2.9 percent for 2022. The thinktank pointed out that the emergence of the Omicron variant towards the end of 2021 brought new uncertainties and set back the progress of economic reopening. Nevertheless, high vaccination coverage has mitigated the risk of nationwide lockdowns, as experienced during the early days of the … [Read more...] about Thinktank maintains positive outlook on ASEAN+3 economies

Nestlé leads the best working places in Việt Nam Age of Learning and Galaxy Education Announce Partnership to Launch ABCmouse English in Vietnam Special Honda City prize announced by VNPAY wallet Masan Group – Top ASEAN consumer pick – according to Bank of America Viettel Group, Architecture Magazine launch design contest for Viettel Thăng Long Building Viva Land Investment & Development Joint Stock Company, through its affiliates, has acquired Capital Place - a Grade A luxury building in Hà Nội. This is another step for Viva Land to set a deep footprint in the Vietnamese luxury realty market over the next decade. Entering the capital market Capital Place is also the first commercial project under Viva Land’s operation and management in the northern of Việt Nam. Located at the intersection of Lieu Giai – Kim Ma – Nguyen Chi Thanh in Ba Dinh District, Capital Place offers 100,000 square metres of luxurious and green office and retail … [Read more...] about VIVA LAND HAS ACQUIRED CAPITAL PLACE, THE AWARD-WINNING GRADE A OFFICE BUILDING IN HANOI

Electricity market revamp on cards The Electricity Regulatory Authority of Vietnam (ERAV) is finalising its report to the prime minister about planned direct power purchase agreements (DPPA) – a mechanism to allow renewable energy producers to sell electricity directly to end-users, as Nguyen Anh Tuan, director of the authority said on January 18. The DPPA mechanism, if implemented, will be the first step in the development of the electricity retail market, allowing renewable energy generators with a capacity greater than 30MW to sell to customers for industrial production purposes. Parties can negotiate and agree on purchase and sale prices through long-term contracts if the scale of their deal is not exceeding 1,000MW. Since 2012, the electricity market has contributed to increasing transparency in mobilising power plants, creating a competitive environment, enhancing the initiative of market participants, and gradually abolishing the monopoly in the industry. The success … [Read more...] about Electricity market revamp on cards

The Government has submitted to the National Assembly a fiscal and monetary policy scheme to support socio-economic recovery and development, including a proposed support package worth nearly VND347 trillion. National Assembly deputy Vu Thi Luu Mai, Vice Chairwoman of the National Assembly’s Finance and Budget Committee proposed responsibilities on the effectiveness of the support package. One of the important principles of the Law on Public Investment, the Law on State Budget, and the National Assembly’s resolutions on budget allocation is to ensure resources, efficiency and output results, she said. “With more than VND346 trillion, what results will we get?” she said. Mai said that although the draft Resolution sets three general objectives - GDP growth of 6.5 -7%; restoring production and business and ensuring social security – this is not enough. “If there is no commitment to the results achieved, it is difficult to have an accurate measure to evaluate the … [Read more...] about Economic recovery: expectations and warnings