ADB experts at the press conference (Photo: Vietnam+) Hanoi (VNA) - ADB experts forecast that Vietnam's economy could recover at 6.5 percent this year and grow stronger at 6.7 percent in 2023, due to high vaccination rates and the implementation of expansionary fiscal policies. On April 6, the Asian Development Bank (ADB) released the Asian Development Outlook Report (ADO 2022), which stated that the Vietnamese economy is ready for a strong recovery in the context of global economy instability. GDP reaches a high level ADB experts forecast that Vietnam's economy could recover at a rate of 6.5 percent this year and grow stronger at 6.7 percent in 2023 due to high vaccination rates, trade promotion and continued implementation of expansionary fiscal and monetary policies. Andrew Jeffries, ADB Country Director for Vietnam, said that high vaccination rates have allowed the Vietnamese Government to lift strict pandemic containment measures. The timely shift in pandemic … [Read more...] about Vietnam’s economy recovers strongly amid global instability: ADB
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Hanoi, (VNA) – The following is a brief review of the day’s events as reported by the Vietnam News Agency on August 17. – Prime Minister Pham Minh Chinh reaffirmed the importance of developing high-quality human resources for agriculture, while attending an innovation event and job fair of the Vietnam National University of Agriculture (VNUA) in Hanoi on August 17. The Government leader and others visited an exhibition of scientific and technological models and products by the VNUA’s businesses and partners. Read full story – Deputy Prime Minister Vu Duc Dam on August 17 asked the Ministry of Culture, Sports and Tourism (MCST) to review the operation of household businesses in the tourism sector affected by the COVID-19. The ministry should coordinate with core travel firms to form key routes connecting localities, the official said at a meeting of the State Steering Committee for Tourism in Hanoi which assessed the implementation of tourism recovery solutions. Read full … [Read more...] about ☕ Afternoon briefing on August 17
That worries me. Seven years ago, I got to spend nine months living and studying in Ghent, a small, beautiful ancient city in Belgium with many well-preserved medieval castles and churches. I rented a cheap room for students. On the first day, the landlord gave me a tour of the house, showed me how to use the heater and kitchen utensils. In the kitchen, there was a corner with two steel frames holding a blue plastic bag and a yellow plastic bag with "IVAGO" printed on them, as well as a cardboard box next to the bags. The landlord told us that our waste must be sorted thus: the yellow bag for daily household waste; the blue for plastic waste, aluminum cans and milk cartons; and the big box for cardboard, pizza boxes and glass bottles, especially beer bottles. Then, after posting a waste collection calendar on the kitchen wall, he asked us to check the dates then decide among ourselves who would take out the garbage on which day. The calendar was colored yellow, blue and … [Read more...] about Will the sorting of waste at source become a non-starter?
At the meeting (Photo: VNA) Hanoi (VNA) – Deputy Prime Minister Vu Duc Dam on August 17 asked the Ministry of Culture , Sports and Tourism (MCST) to review the operation of household businesses in the tourism sector affected by the COVID-19 . The ministry should coordinate with core travel firms to form key routes connecting localities, the official said at a meeting of the State Steering Committee for Tourism in Hanoi which assessed the implementation of tourism recovery solutions. He ordered restarting heritage digitalisation with the participation of travel enterprises to promote new tourism products. Regarding electricity prices for tourism services and lodging facilities, Dam, also head of the Committee, asked the Ministry of Industry and Trade (MoIT) to submit a plan on power price adjustment to the Prime Minister before application. The MCST, travel associations and firms should propose specific tax and land incentives, he said. Minister Nguyen Van Hung … [Read more...] about Committee seeks ways to ensure rapid, sustainable tourism recovery
Ilustrative image (Photo: https://www.theedgemarkets.com/) Kuala Lumpur (VNA) - Big data can support over 100 billion USD worth of opportunities in Southeast Asia, particularly across the five focus countries, namely Cambodia, Indonesia, Myanmar, the Philippines, and Thailand, according to an report released by the Asian Development Bank (ADB) on August 17. The report “Harnessing the Potential of Big Data in Post-Pandemic Southeast Asia” said big data holds immense potential in fast-tracking post-COVID-19 economic recovery in Southeast Asia, with benefits in public health, social welfare and protection, and education. It finds that that the use of digital technologies to provide personalised and remote learning and job matching can contribute an estimated 77.1 billion USD annually to the gross domestic produc (GDP) of Southeast Asian countries by 2030. According to the report , the use of analytics to direct highly targeted health interventions for at-risk … [Read more...] about Big data can support over 100 billion USD worth of opportunities in Southeast Asia: ADB
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