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Hanoi-Amsterdam School ‘superman’ dreams of becoming astronomer

April 18, 2021 by vietnamnet.vn

A physics major at the Hanoi-Amsterdam High School for the Gifted has received two pieces of good news – acceptance letters from MIT and Princeton University in the US.

Hanoi-Amsterdam School ‘superman’ dreams of becoming astronomer

MIT ranks fifth among THE’s best universities in 2021 and leads the world’s schools in technology training according to QS 2021 ranking. It offered the student financial support of $64,000 a year.

Passion for astrophysics

In childhood, Quan was curious about natural phenomena in the universe. “Why are there constellations?” “Where do shooting stars come from?” These were questions that Quan wanted to answer.

Quan scored first in the entrance exam for the math major class at the Hanoi-Amsterdam High School for the Gifted, and the exam for the chemistry major class at the High School for the Gifted in Natural Sciences.

The great achievements were why Quan’s friends called him superman.

Le Manh Cuong, his physics teacher, discovered Quan’s special love for constellations in the sky. Though astronomy and astrophysics was not a subject in the general education program, he decided to help Quan learn about it.

Later, it was the teacher who sent Quan to the national astrophysics team to attend the international competition. In 2019, Quan attended the International Olympiad on Astronomy and Astrophysics (IOAA) and won a gold medal with maximum scores.

After returning from the international competition, Quan began seeking an environment where he could study and conduct research.

He believed that leading schools such as MIT and Princeton would offer favorable conditions for students’ creativity, learning and promotion of their abilities, especially with the advice of leading professors in their fields.

Quan applied to the two schools because they are among a small number of schools that choose international students based on their abilities, not on candidates’ financial capability.

Quan had a strong profile when applying for the schools. The physics major had a 1600/1600 SAT and 8.0 IELTS. He twice won first prize in physics at the national competition for excellent students, when he was in the 11th and 12th grades.

Quan attended many national and international competitions and won a lot of medals, including the gold medal at the 2018 International Youth Science Olympia and gold medal at 2019 IOAA, gold medal at 2020 European Physics Olympiad.

The medals were not really made of gold, but from sweat during training, according to Quan. He said hopes he will have the chance to attend the International Physics Olympiad this year.

Thuy Nga – Huu Chanh – Phuong Thu

Filed Under: society Vietnamese students, overseas study, Olympiad, Vietnam education, Vietnam students, Vietnam children, Vietnam education reform, vietnamnet bridge, english news, ..., urban school amsterdam, b. startup school amsterdam, don bosco school amsterdam, wildest dreams tour amsterdam 1996, kiem school amsterdam, language school amsterdam, vso school amsterdam, heads academy barber school amsterdam, einstein school amsterdam, storytelling school amsterdam, internationale school amsterdam, internationale school in amsterdam

Vicostone eyes 20 per cent revenue growth in 2021

April 18, 2021 by bizhub.vn

Vicostone’s Annual General Shareholders’ Meeting 2021 took place in Ha Noi late last week. — Photo courtesy of the company

Vicostone Joint Stock Company, member of Phenikaa Group, is targeting 20.1 per cent and 15.1 per cent in net revenue and pre-tax profit respectively to nearly VND6.8 trillion (US$292 million) and VND1.9 trillion ($83 million) in 2021.

These figures were announced at the company’s Annual General Shareholders’ Meeting 2021 held in the capital late last week. The shareholders attending the meeting hold more than 143 million shares, representing 89.64 per cent of the total voting shares.

The company will focus on enhancing research and development activities to create new products, improving market competitiveness based on the advantage in science and technology while expanding production and better control expenses.

Top priority will also be given to connecting other members in the Phenikaa Ecosystem for added values and benefit and broadening the culture and values as well as balancing the interests among all stakeholders.

Vicostone earned VND5.66 trillion worth of total net revenue and VND1.67 trillion worth of pre-tax profit tax in 2020.

Last year, it sought further penetration in new markets in addition to existing ones such as North America, Europe and Asia. The exploration of new markets helped strengthen the presence of Vicostone in more than 50 markets across the world.

In 2020, Vicostone became the third largest engineered countertop supplier to the global market, according to the US research firm Freedonia, and that was a strong confirmation and recognition of VICOSTONE® in both domestic and international markets.

Thanks to the postive business performance, Vicostone planned to distribute a 40 per cent dividend for 2020, including cash and bonus shares, to fulfill its commitment to the shareholders. — VNS

Filed Under: Uncategorized Vicostone, Phenikaa Group, Corporate News, annual revenue growth, revenue growth percentage, growth in the eye, eye growth under eyelid

Vietnam GDP growth to reach 8.1% in 2021: Goldman Sachs

September 18, 2020 by hanoitimes.vn

Goldman Sachs expected exports to be Vietnam’s major driving force for economic recovery.

In 2020, Vietnam’s GDP growth is set to slow to 2.7% and rebound to 8.1% next year, according to the US-based investment bank Goldman Sachs.

Forecast for Vietnam’s GDP growth.

Goldman Sachs’ 2.7%-GDP growth forecast for Vietnam in its first ever macro-economic report on the country, one of the fastest growing economies in Asia, is lower than that of the World Bank (2.8%), but higher than ADB’s 1.8%.

While Vietnam’s economy growth slowed to 3.8% and 0.4% in the respective first and second quarters, the US bank expected GDP growth to quickly recover in the third quarter, mainly thanks to public investment, retail’s revenue and exports.

Notably, Goldman Sachs expects exports to be Vietnam’s major driving force for economic recovery. In the first eight months of 2020, Vietnam’s trade surplus reached an all-time high of US$13.5 billion, representing a 150% increase compared to the same period of last year (US$5.47 billion)

The bank’s report pointed to three major advantages contributing to a growing export turnover.

Firstly, Vietnam holds significant advantage in regional supply chains as the country is located in close proximity with China.

The labor cost in Vietnam is also considered competitive, which remains at half of China’s. For example, the minimum wage in major cities such as Hanoi or Ho Chi Minh City is regulated at US$190 per month, significantly lower than the US$360 in Shanghai. Meanwhile, the minimum wage in other cities in Vietnam and China were estimated at US$132 and US$220 per month, respectively.

According to Goldman Sachs, these factors led to a shift in production of firms in the fields of textile and footwear from China to Vietnam, especially during the US – China trade war. Since 2010, the FDI investment capital that was initially bound to China, South Korea, Japan or countries in ASEAN have now flowed to Vietnam.

Meanwhile, the fact that Vietnam is currently member of a number of free trade agreements (FTAs) with major trading partners could shield the country from growing protectionism globally. For instance in 2019, at the peak of the US – China trade tension, Vietnam’s exports had not been much impacted, which eventually led to a record trade surplus of US$11.12 billion that year.

In the future with the presence of the EU – Vietnam Free Trade Agreement (EVFTA), Goldman Sachs expects Vietnam’s exports to continue growing.

Secondly, Vietnam’s structure of export products with a focus on hi-tech items would continue to be a major plus point for Vietnam. Since 2015, export turnover of products such as smart phones and electronic appliances have exceeded that of traditional items like textile or footwear.

In the January – August period, Vietnam’s export turnover of electronic products increased by 6.3% year-on-year amid the Covid-19 pandemic, accounting for 70% of total exports.

Thirdly, Vietnam’s long-standing trade partnership with China is also an advantage, as the latter would be among a handful of economies with a positive economic growth this year.

It is worth mentioning that China is currently Vietnam’s largest buyer.

In its baseline scenario, Goldman Sachs expects Vietnam’s exports to reach US$180 billion by the end of 2021, assuming the world would gradually contain the pandemic and the development of Covid-19 vaccine remains on track.

Filed Under: Uncategorized Vietnam, GDP growth, Covid-19, coronavirus, ncov, pandemic, Goldman Sachs, World Bank, ADB, IMF, exports, trade, surplus, spencer smith goldman sachs, john luke goldman sachs, q1 2019 goldman sachs, whurley goldman sachs, def 14a goldman sachs, seth goldman sachs, form 10 k goldman sachs 2017, form 10 k goldman sachs 2018, kim posnett goldman sachs, kim-thu posnett goldman sachs, medequities goldman sachs, alice mutasa goldman sachs

Leader asks for better performance by Theoretical Council ​

April 17, 2021 by en.vietnamplus.vn

Speaking at the Theoretical Council’s meeting in Hanoi, the Party leader highly valued the council’s work during 2016-2021.

He also suggested some issues needing attention in the time ahead and asked for thorough understanding of the requirements in the political theoretical work in the new period.

The leader told the council to study new theoretical issues in the world, experiences of developed countries, along with scientific – technological revolutions.

General Secretary Trong also asked the council to improve the quality and effectiveness of political theory-related advice to help the Party Central Committee , the Politburo, and the Secretariat direct national development and defence efforts./.

VNA

Filed Under: Uncategorized Party Leader, Party General Secretary, Nguyen Phu Trong, Party Central Committee, Theoretical Council, Ho Chi Minh, Vietnam, Vietnamplus, Vietnam News Agency, ..., better perform, sports vision training for better performance, pc better performance, e85 better performance, betterment portfolio performance, betterment performance, betterment performance review, betterment historical performance

Viet Nam’s exports to the US expected to rise sharply

April 18, 2021 by bizhub.vn

Lychee being canned for export to the US. Viet Nam’s exports to the US in the first two months of the year accounted for $13.83 billion or 28.4 per cent of total exports. VNA/VNS Photo Vu Sinh

Exports for the year as of March 15 were worth US$62.01 billion, a year-on-year increase of 22.7 per cent, according to the General Department of Viet Nam Customs.

Exports to the US in the first two months of the year accounted for $13.83 billion or 28.4 per cent of total exports.

In recent years the US has become Viet Nam’s biggest market. Last year, for instance, at $76.4 billion it accounted for 27 per cent of the latter’s total exports.

Than Duc Viet, general director of Garment 10 Joint Stock Company, said there were several factors behind Viet Nam’s rapid growth in exports including to the US.

Primarily, he said, the COVID-19 pandemic has gradually been controlled around the world, especially after several countries started vaccinating their populations, enabling many of them to reopen their borders and trade to resume.

Businesses in the country, hit badly for the last year or so by the pandemic, are making strenuous efforts to bounce back, he pointed out.

Many countries around the world have rolled out large stimulus packages to spend their way out of the economic slump, and this has revived trade, he added.

Many analysts concurred with these views, saying the US recently launched a $1.9 trillion package to make direct payments of $1,400 to individuals earning up to $75,000 a year starting in April.

This is the third and largest stimulus since the COVID-19 pandemic broke out.

Viet Nam, one of the US’s major exporters, supplying essential items like fisheries products and garments and electronics, is expected to benefit from this relief package.

Viet of Garment 10 told Dau Tu Chung Khoan magazine that Vietnamese exporters hope to get orders from the US.

Americans are known as big spenders, and if they get the money from the Government consumption would surely rise, he said.

His own company’s exports to the US saw relatively high growth in the first quarter and are expected to grow further due to the huge new stimulus package.

Bui Viet Quang, general director of Red River Garment Joint Stock Company, said his company had enough export orders for until August this year, 80 per cent from the US.

“The US’s $1.9 trillion stimulus package will surely affect enterprises that export to the market. We expect to see robust growth [in US export orders] in the fourth quarter.”

Analysts said a recovery in the US economy would help Vietnamese exporters, especially those in the textile and garment industry.

However, analysts also sounded a warning saying while the US stimulus packages would benefit Viet Nam’s exporters in the short term, loose monetary policies could cause high inflation, which would increase their costs whereas they would not be able to increase prices immediately, affecting their margins.

Besides, the inflation would also hurt demand, they added.

Why property companies want to own banks

Nguyen Tuan Anh, director of the State Bank of Viet Nam’s department of credit for economic sectors, said growth in bank lending to the property sector in 2020 was 9.97 per cent, lower than the overall credit growth rate of 12.13 per cent.

This is becoming an emerging trend.

Enterprises in the sector have found it difficult to borrow from banks after the central bank issued a circular in 2019 prescribing limits and prudential ratios for banks.

It reduced the use of short-term deposits for medium- and long-term loans from 40 per cent to 37 per cent from October 2021 and to 30 per cent from October 2022.

This was aimed at controlling credit to high-risk sectors like real estate.

In the event, the only option real estate companies have is to themselves acquire stakes in banks.

They also target owning a piece of securities firms since that would enable them to mobilise capital from the market by issuing stocks and bonds.

Thus, Tran Thi Thu Hang, the CEO of Sunshine group, became vice chairwoman of the Kien Long Joint Stock Commercial Bank in 2018 and chairwoman of KS Joint Stock Company (KS Securities) around the same time, indicating that Sunshine or related parties had become major shareholders in the two.

Analysts said the finance and property sectors always have a symbiotic relationship since the latter is highly capital intensive with slow returns.

Thus, Vingroup has tied up with Techcombank, MIKGroup with VPBank, Dat Xanh Group with Viet A Bank, and TNR Holdings Viet Nam with MSB.

While the Government’s efforts to control lending to the property sector have had some effect, banks remain an important source of funding for real estate development projects.

This trend is expected continue in future, analysts said. VNS

Filed Under: Uncategorized Viet Nam’s exports, COVID-19 pandemic, BUSINESS BEAT, ..., viet nam airlines, viet nam news, an ninh viet nam, sapa viet nam, hanoi viet nam, viet nam travel, le viet nam, viet nam nam, Viet Nam Viet Nam, expected rise in 7th pay commission, Viet Nam Export, Viet Viet Nam

Chubb Life Vietnam awarded Certificate of Merit by Minister of Education and Training

April 16, 2021 by www.vir.com.vn

chubb life vietnam awarded certificate of merit by minister of education and training
Chubb Life Vietnam always stands ready to provide timely and practical support to the community

Since opening its first office in the country in 2005, Chubb Life Vietnam has focused on creating a positive impact and sustainable development for the communities in which it operates. The company now employs over 40,000 employees and agents, in over 140 offices across Vietnam and makes an important contribution to the development of the country’s education system.

To date, Chubb Life Vietnam and the Chubb Charitable Foundation have contributed over VND30 billion ($1.3 million) to the construction of nine new schools in Central Vietnam. The company has also funded new educational equipment to schools and awarded scholarships to support thousands of underprivileged students in their schooling.

To date, Chubb Life Vietnam and the Chubb Charitable Foundation have contributed over VND30 billion ($1.3 million) to the construction of nine new schools in Central Vietnam.

“We are proud to receive the Certificate of Merit from the Minister of Education and Training of Vietnam as part of our continuous effort to support the communities we live and work in,” said Lam Hai Tuan, chairman and country president of Chubb Life Vietnam. “With our goal of sustainable development, Chubb Life Vietnam not only focuses on maintaining exceptional business performance but also strives to create long-term value for our customers and their communities. This award is a great recognition and encouragement to our employees’ unwavering effort to support Vietnam’s future generation.”

Lam Hai Tuan added: “I want to take this opportunity to thank the Ministry for their support and recognition of our work helping to ensure a brighter future for the younger generation.”

Chubb Life Vietnam always stands ready to provide timely and practical support to the community. When a series of rainstorms hit Vietnam’s central region in October 2020, the company donated 15,000 warm coats to children in the affected area through the “Chubb Life Vietnam – Am Tinh Mien Trung ” initiative. Not only did this provide much needed material aid, but it also comforted students and allowed them to get back to their study with ease.

Chubb is the world’s largest publicly traded property and casualty insurance company. With operations in 54 countries and territories, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance, and life insurance to a diverse group of clients.

Chubb Life is the international life insurance division of Chubb. In Vietnam since 2005, Chubb Life launched its fund management company (Chubb Life Fund Management Co., Ltd.) in 2013. The company offers a range of life protection, health, savings, and investment-linked insurance solutions through its agents and its wide network of offices.

By Anh Duc

Filed Under: Uncategorized Chubb Life..., Minister of Education and Training, awards, insurance, Chubb Life Vietnam, award in education and training level 3, award in education & training, education and training level 3 award, family life educator certification

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