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“In the recently released Travel & Tourism Competitiveness Index (TTCI) 2019 released by the World Economic Forum (WEF), Vietnam jumped four places from the latest 2017 ranking, which shows the country has improved in competitiveness,” said Deputy Minister of Culture, Sports and Tourism Le Quang Tung. … [Read more...] about Forum seeks solutions to improve attractiveness of Vietnam’s tourism

Davos (VNA) – Permanent Deputy Prime Minister Truong Hoa Binh highlighted the theme and priorities of the Association of Southeast Asian Nations (ASEAN) and Vietnam as ASEAN Chair in 2020 while speaking at a plenary session of the 50th World Economic Forum (WEF) meeting in Davos, Switzerland, on January 21. At the “Strategic Outlook: ASEAN” session, Deputy PM Binh emphasised that ASEAN is a united and dynamic community of 10 independent Southeast Asian states. Among them, Vietnam has an economic growth rate of over 6 percent over the last 20 years and is one of the fastest growing economies in the Asia-Pacific region and the world with an average annual growth pace of 7 percent in the last couple of years. ASEAN is a strategic priority in Vietnam’s foreign policy, he affirmed, adding that the country chose the theme “Cohesive and Responsive” for the year it holds the bloc’s chairmanship to respond to the common concern of the ASEAN members, … [Read more...] about Deputy PM highlights ASEAN’s priorities at 50th WEF meeting

Hanoi (VNA) – The United Nations Security Council (UNSC) on January 21 held a periodic open debate on the Middle East situation, including Palestine, under the chair of Vietnam. The UNSC heard reports by UN Under-Secretary-General for Political and Peace-building Affairs Rosemary DiCarlo and UN Assistant Secretary-General for Humanitarian Affairs Ursula Mueller. Many speakers expressed concern over prolonged violence and conflicts between Israel and Palestine, leaving thousands of people dead, including women and children. A majority of opinions called on Israel to immediately end settlement activities in the occupied West Bank, including the East Jerusalem. The UN and countries affirmed that such activities are a serious violation of international law as mentioned in the UNSC’s Resolution No.2234 in 2016. Meanwhile, the economic crisis, the lack of medicines, electricity and clean water continue impacting lives of Palestinians in Gaza Strip. About 70 percent … [Read more...] about Vietnam chairs UNSC open debate on Middle East situation

Hanoi (VNA) - The State Bank of Vietnam set the daily reference exchange rate at 23,170 VND/USD on January 22, up 12 VND from the previous day. With the current trading band of +/-3 percent, the ceiling rate applied to commercial banks during the day is 23,865 VND/USD and the floor rate 22,475 VND/USD. The opening hour rates at most commercial banks stayed stable as the week-long Lunar New Year holiday will start on January 23. At 8:25 am, Vietcombank listed the buying rate at 23,070 VND/USD and the selling rate at 23,240 VND/USD, unchanged from the end of January 21.  BIDV also kept both rates unchanged, with the buying rate listed at 23,100 VND/USD and the selling rate at 23,240 VND/USD. Meanwhile, Techcombank added 3 VND to both rates, listing the buying rate at 23,094 VND/USD and the selling rate at 23,234 VND/USD. At the beginning of this week, the daily reference exchange rate was adjusted down but then up on the following days. The rates at commercial banks … [Read more...] about Reference exchange rate up strongly before long Tet holiday

Ten days before Tet (Lunar New Year), Nguyen Duy Street in Saigon's District 8 is bustling with scores of motorbikes distributing hell notes, joss paper offered to both the deceased and deities, to dozens of Ho Chi Minh City markets, earning the area its "bank of the dead" monicker. … [Read more...] about Industry of the dead: young producers, old believers