World gdp growth forecast

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

Vietnamese (in red) and Thai players vie for the ball at the final on May 21. (Photo: VNA) Hanoi (VNA) – The media in Thailand ran many articles on the women’s football final between their country and hosts Vietnam at SEA Games 31 on May 21. Vietnam won over Thailand 1- 0 in the match, freshly following which State President Nguyen Xuan Phuc and Prime Minister Pham Minh Chinh sent their congratulations to the team. In its story, the Daily News said the final, held on Cam Pha Stadium of Quang Ninh province, was a game between equally talented teams, but Vietnam were in the lead thanks to a goal by Huynh Nhu at the 59th minute to grab the gold medal. The newspaper also mentioned the Vietnamese team’s top place in the region for seven times, including golds at three consecutive SEA Games. Meanwhile, Thailand earned the silver medal for straight three times and the gold at the region’s biggest sporting event for five times. Siam Sports reported despite encouragement from … [Read more...] about SEA Games 31: Thai media comment on Vietnam’s win in women’s football final

Vietnam's men's football team defended their gold medal with a 1-0 victory against Thailand. They kept the clean sheet throughout the Games. Indonesia won the men's football bronze by beating Malaysia in penalty shootout. Muay and diving each won five gold medals on Sunday. Vietnam also won three boxing gold during the day in three women's events. Aerobic gymnastics brought two gold medals in mix pair and group events, and esports another two. Le Hoang Phong (L) and Tran Ngoc Thuy Vi competes in aerobic gymnastics at the 31st SEA Games, May 22, 2022. On Sunday, there are 61 sets of medals, of which boxing has the most with 13. Tennis ace Ly Hoang Nam defended his gold medal after beating Trinh Linh Giang, also from Vietnam, in the final. World's number three cueist Tran Quyet Chien beat Nguyen Duc Anh Chien, also from Vietnam, in the 3-cushion carom event final to win a gold medal. Vietnam also won a gold medal each in shooting and vovinam. In the … [Read more...] about SEA Games: Vietnam reach 200 gold medals

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

Tran Quyet Chien claims a SEA Games gold medal in three-cushion carom on May 22. (Photo: VNA) Hanoi (VNS/VNA) — Tran Quyet Chien proved why he’s the world No. 3 in three-cushion carom after beating Nguyen Duc Anh Chien in an all-Vietnamese final of the ongoing 31st Southeast Asian Games (SEA Games 31) on May 22. Despite being one of the best carom players, this is the first SEA Games gold medal for Quyet Chien as this category is rarely held at the SEA Games. The final got off to a very even start with both players closely following each other on every point. However, against one of the world’s best, Anh Chien couldn’t keep his momentum and missed a few tough shots when the match was getting more intense. And that Quyet Chien left his compatriot far behind as the 38-year-old showed his class, scoring consecutive points to take a big 31 -16 lead. Anh Chien’s massive late effort helped the world top 20 player to narrow the gap to 35-24 before Quyet Chien sealed … [Read more...] about Vietnam triumph in SEA Games 31 three-cushion carom

National carrier Vietnam Airlines remained in the red in the first quarter of this year, with losses of nearly US$113 million, despite its revenue rising to a two-year high. The airline posted a loss of VND2.621 trillion ($112.9 million) over the first three months of 2022, according to its Q1 consolidated financial statements issued on Friday. The loss was recorded even though the flag carrier logged revenue of more than VND11.6 trillion ($500 million) in the period, up 55 percent year on year, the highest performance since the second quarter of 2020, when COVID-19 began to severely affect Vietnam’s aviation industry. The impressive revenue failed to cover the total cost that was higher than expected, leading to the firm’s ninth consecutive quarterly loss, the carrier said. Vietnam Airlines’ fuel expense in the quarter was VND465 billion ($20 million) more than projected given rising world oil prices, VnExpress cited the company as saying. The Q1 result has brought the … [Read more...] about Vietnam Airlines suffers $113mn Q1 loss despite revenue surge

In the letter, PM Chinh wrote, “I am very pleased that our country’s women’s football team has successfully defended the “queen” for the 7th time at SEA Games 31, including 3 times in a row. More than 2 months ago, when I met to congratulate and reward the women’s football team for their first excellent performance at the World Cup 2023, I wished “diamond girls” and “diamond coaches” of Vietnamese sports to achieve the highest results at the SEA Games 31 as their immediate goal. The medals of the women’s football team, as well as other sports, reflected the great sacrifice and their determination of overcoming difficulties. When the national flag is being raised, the national anthem is being played in the medal awarding moment, each of us is proud and wants to express our deep gratitude to the athletes, the coaches… Along with the Party and State, I call on organizations, individuals and businesses to pay attention to and support our country’s sports teams. I will have a meeting … [Read more...] about SEA Games 31: PM sends letter to congratulate Vietnamese women’s football team

HOÀNG HỒ HÀ NỘI — Trần Quyết Chiến proved why he’s the world number 3 in three-cushion carom after bettering Nguyễn Đức Anh Chiến in an all-Vietnamese final at Hà Đông Gymnasium on May 22. Despite being one of the best carom players, this is the first SEA Games gold medal for Chiến as this category is rarely held at the SEA Games. The final got off to a very even start with both players closely following each other on every point. However, against one of the world’s best, Anh Chiến couldn’t keep his momentum and missed a few tough shots when the match was getting more intense. And that Quyết Chiến left his compatriot far behind as the 38-year-old showed his class, scoring consecutive points to take a big 31-16 lead. Anh Chiến’s massive late effort helped the world top 20 player to narrow the gap to 35-24 before Quyết Chiến sealed the final with five world-class shots to be crowned the champion. With his first SEA Games title, Trần Quyết Chiến became the second Vietnamese … [Read more...] about Việt Nam triumph in three-cushion carom

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

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