At 10:00 local time (14:10 Vietnam time), the Vietnamese second tank crew entered the competition with their rivals from Uzbekistan, Kazakhstan, Venezuela at Alabino training ground on the outskirts of Moscow, Russia. The crew included head of the crew Major Vu Ba Trong, gunner non-commissioned First Lieutenant Le Quang Hiep, and driver non-commissioned First Lieutenant Dao Ba Tu. After the conclusion of the competition, the referee board met and announced the official results of participating contingents. In particular, the second tank crew of the Vietnam People’s Army shot down four targets and reached the finish line after 32 minutes 21 seconds. The second tank crews of Uzbekistan, Kazakhstan, and Venezuela completed the race after 22 minutes 53 seconds, 26 minutes 35 seconds, and 40 minutes 15 seconds, respectively. Earlier, in the August 13 competition, the Vietnamese first tank crew also downed four targets and finished the race after 34 minutes 50 seconds. The third tank … [Read more...] about Vietnam’s second tank crew destroys four targets
June 22 who birthday
Green standards top policies for fresh foreign ventures
The approval of Vietnam’s circular economy development plan, announced in June, aims to help reduce greenhouse gas emissions by 15 per cent of GDP by 2030 (as compared to 2014). The commitment at COP26 by Vietnam to achieve net-zero carbon emissions by 2050 is considered the main call for investment into green technologies and friendly-environmental projects, as well as approval of plans such as the aforementioned circular economy one. These messages have sent a strong signal regarding the country’s direction towards low-carbon, green development, and a circular economy, and could be a new driving force for Vietnam’s sustainable socioeconomic development, helping to improve its competitiveness and foreign direct investment (FDI) into the country. While governments have committed to lowering CO2, companies are also following suit for the good of the planet, Photo: Shutterstock As a result, numerous groups have made decisions in terms of investment and other operations … [Read more...] about Green standards top policies for fresh foreign ventures
Cambodia eyes to serve 1.3 million foreign tourists in 2022
Angkor Wat, a UNESCO world heritage site, is the tourist icon of Cambodia. (Photo: Khmer Times) Phnom Penh (VNA) - Cambodia expects to welcome 1.2-1.3 million international tourists in 2022, said Director General of Tourism Development and International Cooperation at the Ministry of Tourism Thong Rathasak. Recovering fast from the COVID-19 downfall, Cambodia is banking on increased arrival of foreign tourists this year, compared to the last two years. According to Rathasak, the Southeast Asian nation served over 500,000 foreign visitors in the first half of this year, and this was a good comeback compared to the number of 200,000 tourist arrivals last year.. COVID-19 was a big lesson as Cambodia n people learned to coexist with a pandemic, he said, hoping that people who left the tourism sector would come back and rebuild their businesses or careers. For Cambodia, 2022 started well as it got the chance to organise the ASEAN Tourism Forum (ATF), which was … [Read more...] about Cambodia eyes to serve 1.3 million foreign tourists in 2022
Inflation in Singapore expected to peak in Q4: official
Inflation in Singapore expected to peak in Q4. (Photo: AFP/VNA) Singapore (VNA) - Inflation in Singapore is expected to peak in the next two to four months and will start to ease thereafter, Deputy Prime Minister and Finance Minister Lawrence Wong has said. In an interview granted to Bloomberg, Wong said inflation rates here may very well settle at a higher rate given the geopolitical environment, supply chain issues and how economies are transitioning towards becoming more sustainable. He added that the extent of this easing towards the year end and where the new inflation rates will stabilise at are big uncertainties. Wong noted that they are not likely to return to the rates Singapore had been used to over the last decade or so, as zero to 1% inflation was a historical anomaly and never used to be so low. The Monetary Authority of Singapore (MAS) has already tightened monetary policy four times in the last nine months to dampen inflation, Wong said, adding … [Read more...] about Inflation in Singapore expected to peak in Q4: official
Vietnam draws increased foreign investment
Production recovery An increasing number of multinational corporations are raising capital and/or moving production to Vietnam. Data from the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment showed that by the end of June 2022, the capital of newly registered projects, increases in the capital of ongoing projects and capital contribution and stock purchases by foreign investors totaled over US$14.03 billion, equivalent to 91.1 percent over the same period in 2021. Foreign direct investment (FDI) projects were estimated to have disbursed US$10.06 billion, an increase of 8.9 percent compared to the same period in 2021. Foreign enterprises are interested in high-tech manufacturing in Vietnam RSM Vietnam Chair Le Khanh Lam said foreign investment has always been the main driving force for Vietnam’s economic growth. Despite the impact of the COVID-19 pandemic over the past two years, Vietnam is regaining its growth momentum, with the … [Read more...] about Vietnam draws increased foreign investment
US, Taiwan to start formal trade talks under new initiative
Washington and Taipei unveiled the U.S.-Taiwan Initiative on 21st-Century Trade in June, just days after the Biden administration excluded the Chinese-claimed island from its Asia-focused economic plan designed to counter China's growing influence. The office of the U.S. Trade Representative said the two sides had "reached consensus on the negotiating mandate" and it was expected that the first round of talks will take place early this autumn. "We plan to pursue an ambitious schedule for achieving high-standard commitments and meaningful outcomes covering the eleven trade areas in the negotiating mandate that will help build a fairer, more prosperous and resilient 21st-century economy," Deputy United States Trade Representative Sarah Bianchi said in a statement. The negotiating mandate released along with the announcement said the United States and Taiwan have set a robust agenda for talks on issues like trade facilitation, good regulatory practices, and removing discriminatory … [Read more...] about US, Taiwan to start formal trade talks under new initiative