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THAT'S A WRAP: Participants parade during the closing ceremony of the SEA Games 31. VNA/VNS Photo Quang Hải Hoàng Hồ HÀ NỘI — The SEA Games 31 in Việt Nam has come to an end with a closing ceremony on May 23 at Hà Nội's Indoor Games Gymnasium, attended by Vietnamese and international leaders, athletes and fans. Announcing the official closing of the Games, Vietnamese PM Phạm Minh Chính said: “The SEA Games 31 has been a great success. "More than 10,000 athletes, referees and coaches have more than 10,000 stories about their efforts and sacrifices in overcoming difficulties and challenges to participate in the region’s biggest sports festival. "There were smiles and joy of winning and there are also tears, sadness and regret when the results weren’t as expected. "But above all, every athlete tried their best, competed hard, exchanged, learned, explored different cultures and received support and encouragement from fans. That’s a true victory for all of us. … [Read more...] about Goodbye to the SEA Games

Deputy Prime Minister Le Minh Khai (first on the left) is investigating the construction site of Provincial Road No.910 in Can Tho City. (Photo: SGGP) The Transport Ministry reported that the land compensation step in the first stage of the mega North-South Expressway project has finished. However, some technical infrastructure has not been fully moved. The total expense for construction until now has reached VND20,087 billion ($867 million), accounting for 35.4 percent of the contract value, and 0.7 percent later than the planned one. The disbursement volume for the four projects to be completed this year is 53.4 percent of the contract value, which is 2.6 percent later than expected. In the Southern region, the 21-kilometer coastal road project from Rach Gia City to Hon Dat District of Kien Giang Province has the total investment of VND600 billion ($26 million), and is planned to complete two years after its commencement date of January 2020. Since the construction work is … [Read more...] about VN determinedly stops slow public investment projects

"The United States and Japan, together with 11 other nations will be launching" the Indo-Pacific Economic Framework for Prosperity, or IPEF, Biden said at a press conference alongside Japanese Prime Minister Fumio Kishida. "This framework is a commitment to working with our close friends and partners in the region on challenges that matter most to ensuring economic competitiveness in the 21st century," he said. Biden was due to make a formal rollout of the framework later Monday. He did not say what countries had already signed up to IPEF, which the White House is billing as a framework for what will ultimately become a tight-knit group of trading nations. Unlike traditional trade blocs, there is no plan for IPEF members to negotiate tariffs and ease market access -- a tool that has become increasingly unpalatable to U.S. voters fearful of undermining homegrown manufacturing. Instead, the program foresees integrating partners through agreed standards in four main areas: the … [Read more...] about Biden says 13 countries to join new Asia-Pacific trade framework