Emerging global leader scholarship

Over 50 works by modern Vietnamese masters from the early generation of École des Beaux-Arts de l'Indochine (Indochina School of Fine Arts) will be showcased at Sotheby’s first exhibition in Vietnam - Timeless Souls: Beyond the Voyage – Hồn Xưa Bến Lạ. As well as the first exhibition in the country held by the leading arts brokers in the world, the public event is also one of the largest Indochine Art exhibitions ever staged in the country. Taking place from July 11–14 at Park Hyatt Saigon, HCM City, the non-selling exhibition features over 50 works by Lê Thị Lựu (1911 – 1988), Lê Phổ (1907 – 2001), Mai Trung Thứ (1906 – 1980) and Vũ Cao Đàm (1908 – 2000), the four renowned early generation graduates from the École des Beaux-Arts de l'Indochine, who migrated to France in early 20th century. Fillette aux Nattes avec Son Panier de Fleurs (Girl with Mats and Her Basket of Flowers) by Lê Thị Lựu. With a mission to foster cultural dialogue between artists and the … [Read more...] about Sotheby’s presents its first exhibition in Vietnam

Projected GDPs for ASEAN+3 countries. Vietnam is forecast to be the second fastest-growing economy in the region this year. (Photo amro-asia.org) Hanoi (VNS/VNA) – Vietnam is expected to come out second only to the Philippines in terms of projected GDP for 2022 and on top for 2023, according to a recent Quarterly Update of the ASEAN + 3 Regional Economic Outlook. Specifically, the country was projected to achieve a growth rate of 6.3% this year and 6.5% next year, well above the region-wide figures which were estimated at 4.3% and 4.9% respectively. Compared to the previous update, Vietnamese growth rates were revised downwards to reflect the lower growth forecasts for China and the US, its major trade partners. The country was expected to top the list with growth rates of 6.5% and 7.0% in the April update. “Vietnam is a much more open economy and very exposed to the US and Chinese economies. Because we are expecting reductions in growth rates in these countries and … [Read more...] about Vietnamese economy to perform well: AMRO

Projected GDPs for ASEAN+3 countries. Viet Nam is forecast to be the second fastest-growing economy in the region this year. — Photo amro-asia.org Viet Nam is expected to come out second only to the Philippines in terms of projected GDP for 2022 and on top for 2023, according to a recent Quarterly Update of the ASEAN +3 Regional Economic Outlook. Specifically, the country was projected to achieve a growth rate of 6.3 per cent this year and 6.5 per cent next year, well above the region-wide figures which were estimated at 4.3 per cent and 4.9 per cent respectively. Compared to the previous update, Vietnamese growth rates were revised downwards to reflect the lower growth forecasts for China and the US, its major trade partners. The country was expected to top the list with growth rates of 6.5 per cent and 7.0 per cent in the April update. “Viet Nam is a much more open economy and very exposed to the US and Chinese economies. Because we are expecting reductions in growth rates … [Read more...] about Viet Nam to do well economically this year and the next: AMRO

The Group of 20 includes Western countries that have accused Moscow of war crimes in Ukraine and rolled out sanctions, but also countries like China, Indonesia, India and South Africa that have not followed suit. The gathering will be the first time that foreign ministers from some of the world's top economies meet Russian Foreign Minister Sergei Lavrov since Russia attacked Ukraine in February. Speaking ahead of the G20 meeting that runs from Thursday to Friday, German foreign ministry spokesperson Christian Wagner said it would not be a "normal summit" nor "business as usual". Germany holds the presidency of the Group of Seven industrialized nations and would coordinate in Bali over how to respond to Lavrov in light of the war in Ukraine, he said. Top officials from Britain, Canada and the United States walked out on Russian representatives during a G20 finance meeting in Washington in April. U.S. Secretary of State Antony Blinken would be an active participant at the … [Read more...] about Not ‘business as usual’ for G20 foreign ministers meeting in Bali

Vietnam and Russia affirmed the role of each country in the other’s diplomacy and in the global forums. Russian Foreign Minister Sergei Lavrov told Vietnamese top leaders that Vietnam is one of Russia’s important and trustworthy traditional partners in Asia-Pacific. General Secretary of the Communist Party of Vietnam Nguyen Phu Trong and Russian Foreign Minister Sergei Lavrov in Hanoi on July 6. Photos: VNA, Baoquocte Lavrov stressed the view at meetings with General Secretary of the Communist Party of Vietnam Nguyen Phu Trong, Prime Minister Pham Minh Chinh, and Foreign Minister Bui Thanh Son in Hanoi on July 6. “Naturally, our friendship and our solidarity are based on deep historical roots,” Lavrov said at the meeting with Prime Minister Pham Minh Chinh, Russia News Agency reported. The Russian FM expressed his hope that the two countries will continue making efforts for effective results of the Comprehensive Strategic Partnership which entered its … [Read more...] about Vietnam listed among Russia’s most trustworthy partners in Asia-Pacific: Sergey Lavrov

China-based electronics company Xiaomi has made investments into manufacturing smartphone components in Vietnam as part of its plan to compete against market leader Samsung of the Republic of Korea (RoK), according to Japan’s news service Nikkei Asia. The Japanese newswire reported that Xiaomi plans to meet growing local demand for smartphones and will continue to support exports to Southeast Asia, including Malaysia and Thailand. Pandaily, a tech media based in Beijing, also stated that Xiaomi is in the process of working with Chinese electronics manufacturing company DBG Technology, which runs a 200,000 square metre factory in Vietnam. The same factory will also produce data transmission equipment and circuit substrates. Until recently Xiaomi had only been focused on producing smartphones in China and India. However, COVID-19 restrictions not only disrupted supply chains, but also reduced sales, prompting the firm to spread out its production locations. … [Read more...] about Xiaomi launches production of smartphones in Vietnam