Nguyen Tran Thanh Tu (Photo: VNA) Hanoi (VNA) – Vietnam’s Nguyen Tran Thanh Tu and Pham Quoc Tuan have won gold and silver medals in the 1-cushion carom billiards event at the 31st Southeast Asian Games ( SEA Games 31 ). The finals were rescheduled after Tuan tested positive for coronavirus one day earlier. In line with regulations, Tuan could not participate in the final. As a result, he got the silver medal and his Vietnamese teammate bagged gold. Two bronze medals went to Efren Reyes and Francisco Dela Cruz of the Philippines. Also on May 19, a series of billiards matches have been scheduled, including the semi-final of the English Billiards 100 up between the Vietnamese pair Nguyen Thanh Binh - Tran Le Anh Tuan and their Myanmar opponents Min Sithu Tun - Pauk Sa; and the quarter-final of 3-cushion carom between Tran Quyet Chien of Vietnam and Efren Reyes of the Philippines./. VNA … [Read more...] about SEA Games 31: Vietnam win gold, silver in 1-cushion carom billiards
Cricket world cup quarter finals
Finding the spark to ignite energy goals
Vietnam achieved decent growth in the first quarter despite global geopolitical instability. The socioeconomic statistics report for the first quarter of 2022 of the General Statistics Office published on March 29 stated that GDP in the first quarter was estimated to increase by 5.03 per cent over the same period last year. A day before the report, Fitch Ratings forecast that Vietnam’s growth would recover to 6.1 per cent in 2022 and 6.3 per cent in 2023 thanks to increased domestic consumption, exports, and investment inflows. For the nation’s economic progress, the Power Development Plan VIII (PDP8) is the basis to guarantee the stability of Vietnam’s power source system. According to the Ministry of Industry and Trade (MoIT), by the end of 2021, the total installed capacity of renewable energy sources reach around 20,670MW, accounting for 27 per cent of the total installed capacity of the whole system (76,620MW). Finding the spark to ignite energy goals, illustration … [Read more...] about Finding the spark to ignite energy goals
Gold appeal sparkles amid rise of inflation
Gold is yet again becoming a safe haven asset, and some customers want more ways to get involved, Le Toan The World Gold Council (WGC) believes that the appetite for gold is often hampered by the interest rate, as when interest rates rise, gold loses its appeal. However, inflation is also a tailwind to gold demand as a common safe-haven asset. The USD tends to weaken when the Fed raises interest rates, which enhances gold’s demand. “Furthermore, what happens in China’s consumer market has had a big impact as it’s the world’s largest consumer market for gold. We expect China to start to emerge from the worst of the pandemic and that will support consumer demand,” the WGC noted last week. “It is difficult to predict how the geopolitical situation will play out. It depends on where inflation goes, but inflation is certainly the biggest driver at the moment, which will probably support institutional investment demand in the next quarter.” Meanwhile, the demand for gold in Vietnam … [Read more...] about Gold appeal sparkles amid rise of inflation
Blue economy model gathering pace
The United Nations Development Programme (UNDP) last week again warned that the ocean is faced with increasing threats and multiple risks posed by climate change, natural disasters, environmental pollution, over-exploitation of natural resources, and unsustainable economic activities. “Global warming and marine litter are threatening marine resources, including widespread bleaching of coral reefs. Globally, an estimated 8-20 million tonnes of plastic enter the ocean every year. In Vietnam, around 2,000 tonnes of plastic waste leaks from the country into the ocean every day. It is estimated that there will be more plastic than fish in the ocean by 2050,” said Caitlin Wiesen, resident representative in Vietnam of the UNDP. The global ocean economy contributes an estimated $3 trillion per year, or about 5 per cent of the world’s GDP and comprises industries ranging from oil and gas, shipping and ports to renewable energy, fisheries, marine ecosystems and tourism. The value of the … [Read more...] about Blue economy model gathering pace