At the Vietnamese pavilion (Photo: VNA) Moscow (VNA) – The Vietnamese team, along with the 16 other participating teams in the "Army of Culture" competition at Army Games 2022 , set up a national pavilion at the House of Friendship at the Alabino training ground in Moscow, Russia, to introduce the Vietnam People’s Army (VPA) as well as the culture, land and people of Vietnam. The pavilion also displays photos on the traditional relationship and comprehensive strategic partnership between Vietnam and Russia , especially in politics and national defence. The 2022 Army Games, held from August 13-27, gathers 270 teams from 37 countries worldwide. Its competitions are being held in Russia and several countries such as Uzbekistan, Armenia and Belarus. Vietnam also hosts the Games’ competitions in the category of “Emergency Area”./. VNA … [Read more...] about Vietnamese culture introduced at Army Games 2022
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Export growth may be slower than expected in H2: HSBC
Exports increased 17% year on year in the first half of 2022. (Photo: VNA) Hanoi (VNA) - Vietnam saw a year-on-year increase of 17% in exports in the first six months, but it will be hard for overseas shipments to meet expectations in the last half of the year, according to the HSBC . In its “Vietnam at a glance” report released on August 17, it said after the impressive export growth in H1, a slower-than-expected pace has been recorded since the start of H2. The main cause is a growth slowdown in the electronics industry, especially mobile phones. Samsung’s second-quarter results show that demand for consumer electronics is weakening, thus affecting the smartphone, TV, and other segments. While textile, garment and footwear exports rose sharply, by 30% from a year earlier, the Vietnam Textile and Apparel Association forecast the amount ordered will decline in the time ahead. In July, import growth also slowed down to only 3.4% compared to the double-figure … [Read more...] about Export growth may be slower than expected in H2: HSBC
Luxury sneakers may be a step too far for cash-strapped Gen Z
SHANGHAI/PARIS -- From $300 bucket hats to $900 sneakers and $700 t-shirts, the high-flying luxury sector is fretting over the appetite among financially stretched Gen Z consumers for such "aspirational" purchases. Executives are troubled in particular by a hit to young Chinese shoppers, not only because mainland China has been a major driver of the industry's growth in recent years, but also because high end consumers in the world's second-largest economy are a decade younger than the global average of 38. Young adults around the world have been "a very strong factor of luxury growth over the past decade," said Gregory Boutte, chief client and digital officer at Gucci-owner Kering. Data this week showed China's economy slowed unexpectedly, prompting a central bank rate cut, while macroeconomic trends are disproportionately impacting the extra funds that those born between 1996 and 2012 might use to enter the world of luxury. Whereas in North America and Europe, inflation and … [Read more...] about Luxury sneakers may be a step too far for cash-strapped Gen Z
VPA delegation visits Special Sprint Contingent
The Vietnamese Special Sprint team is participating in the ongoing Army Games 2022 hosted by Russia. Talking with the team members, General Tien hailed them for their active and proactive practice over the past days. He asked them to continue completing the preparations for the competition, keep good health conditions, and good spirit to achieve highest possible results. The deputy chief of the General Staff also reminded them to strictly observe the organizer’s regulations and ensure safety during the competition. Earlier the same day, General Tien and his entourage attended the opening ceremony of the Special Breakthrough event of the Army Games 2022 held in the city. Addressing the event, General Tien expressed his belief that the event will be successful with absolute safety. He wished the participating contingents good outcomes. This year’s Special Sprint event sees the competition of ten contingents from the host Russia, Belarus, Cambodia, Armenia, Abkhazia, Mali, … [Read more...] about VPA delegation visits Special Sprint Contingent
Czech writer wins Vietnamese national information service award
The collection of Czech-Vietnamese and Vietnamese-Czech poems are edited by Sys and writer and translator Do Ngoc Viet Dung (Do.honza), also a writer, co-authored a collection of poems by Czech and Vietnamese poets. The 762-page bilingual book, which includes works of many famous poets namely To Huu, Xuan Dieu, and Jaroslav Seifert, was honored at the 7th National Foreign Press Award. It was published by the Vietnam Writers Association Publishing House. The Vietnamese Embassy in the Czech Embassy held a ceremony on August 17 to present the award to the Czech writer. Addressing the event, Vietnamese Ambassador Thai Xuan Dung appreciated Sys’s contribution to popularising Vietnamese culture and literary works in the Czech Republic, helping promote the relationship between the two countries. For his part, the Czech writer said it was a great honor for him to receive the award. It was difficult to translate from Czech to Vietnamese and vice versa, requiring the cooperation of … [Read more...] about Czech writer wins Vietnamese national information service award