Shaping the future of the fourth industrial revolution

S&P forecast Vietnam’s GDP will grow 6.9% in 2022 before settling closer to its long-term trend of growing 6.5%-7% from 2023 onward. S&P Global Ratings on May 26 raised its long-term foreign and local currency sovereign credit ratings on Vietnam to 'BB+' from 'BB'. S&P expects Vietnam's economy to continue its upward trend. Source: S&P The rating agency also affirmed the country’s short-term rating at ‘B’ with a stable outlook. “The stable outlook reflects our expectations that over the next 12-24 months, Vietnam's economy will continue to recover from the challenges posed by the pandemic over the past two years. This will support the external position and rein in fiscal deficits,” it noted. S&P added it could raise the ratings if Vietnam's institutional settings improve considerably, in ways that augment policy predictability and transparency. Such favorable changes in the policy environment could bolster investor confidence in the … [Read more...] about Vietnam’s long-term credit rating upgraded to “BB+”: S&P

Alain Cany, EuroCham chairman and Lê Thị Quỳnh Trang, chairwoman of Việt Nam International Fashion Week and President of the Council of ASEAN Fashion Designers, sign a MoU on promoting culture, lifestyle, and fashion industry links between Việt Nam and European countries. Photo courtesy of Multimedia JSC HCM CITY — Culture, lifestyle and fashion links between Việt Nam and Europe will be promoted under a Memorandum of Understanding signed this week by the European Chamber of Commerce in Vietnam (EuroCham Vietnam) and the Aquafina Vietnam International Week (VIFW). The signing has presented an opportunity for EuroCham and its affiliated national chambers to support the development of European companies both regionally and in Việt Nam, and to assist Vietnamese companies interested in expanding their European market. It will also identify and promote the benefits of the EVFTA for both groups. It will help Việt Nam’s fashion and culture reach out to the world as well, and … [Read more...] about New pact promotes Việt Nam-Europe fashion links

Hanoi, (VNA) - The following is a list of selected news summaries last night by the Vietnam News Agency. – Senior Party officials of Vietnam and Cuba have agreed that amid the COVID-19 pandemic, regular meetings and exchanges between the two Parties and countries vividly demonstrate their special friendship. Vo Van Thuong, Politburo member and permanent member of the Secretariat of the Communist Party of Vietnam (CPV) Central Committee held online talks with Roberto Morales Ojeda, Politburo member and permanent member of the Secretariat of the Communist Party of Cuba (PCC) Central Committee on May 26. Read full story - Asia needs to play a greater role in maintaining and fostering a peaceful and stable environment conducive to development and prosperity in the region and beyond, on the shared basis of cooperation, understanding, trust and responsibility, Standing Deputy Prime Minister Pham Binh Minh has said. Minh made the suggestion while delivering his remarks at the 27th … [Read more...] about ☀ Morning digest on May 27

Permanent Deputy Prime Minister Phạm Bình Minh has paid courtesy call to Japanese Prime Minister Kishida Fumio during the trip to Japan to attend the International Conference on the Future of Asia. — VNA/VNS Photo HÀ NỘI — During the visit to Japan, Permanent Deputy Prime Minister Phạm Bình Minh has paid courtesy calls to Japanese Prime Minister Kishida Fumio and several other Japanese high-ranking officials on May 26-27. During the meetings, Deputy PM Minh said Việt Nam always considers Japan as an extensive, reliable, and important strategic partner, hoping that the two sides would continue to implement important agreements and common understandings obtained during the official visits of PM Phạm Minh Chính and PM Kishida Fumio, contributing to the promotion of bilateral relations. The Deputy PM emphasised that as the two sides are reopening with the COVID-19 situation under control, Việt Nam and Japan must continue to exchange high-level delegations, especially through … [Read more...] about Vietnamese Deputy PM calls for investment from Japan in meeting with PM Kishida