On September 27, Citygroup - the largest financial group worldwide, made a report on Vietnam's economy entitled "Vietnam - a new power house in Southeast Asia." Citygroup affirmed Vietnam's increasing success in global economic integration, showing by quickly commercial growth and large foreign direct investment. This can make Vietnam become a new power house in Southeast Asia. "Vietnam can achieve strong growth in the five coming years," said the report. According to the report, if the strong growth remains at 8% per year, Vietnam can become a country of average income, with GDP per person exceeding 1,000 USD in 2010. This will show a growth style promoted by consumption. Apart from foreign direct investment, there has been a increase in the flow of indirect investment in the stock and bond market over the past few years. This means the capital of the Ho Chi Minh city's stock exchange increased up 2.7 billion USD (equivalent with 5% GDP) in August 2006, nine times that of last year. … [Read more...] about Vietnam – a new power house in Southeast Asia
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Vietnam is hydro-meteorological forecasting center in Southeast Asia
At the annual meeting of the 19th UN Framework Convention on Climate Change (COP 19), representative of the World Meteorological Organization met with representatives of the Vietnam delegation. The World Meteorological Organization highly appreciated Vietnam in forecasting Haiyan storm as well as the cooperation of Vietnam's meteorological agency with the World Meteorological Organization, other global forecast centers. During the time of the Haiyan storm, these agencies often exchanged to each other in order to make appropriate judgments. As a result, the World Meteorological Organization has decided to choose Vietnamto be a Hydro-meteorological forecasting center in Southeast Asia. Vietnam is responsible for making the initial forecasts for all countries in the region. This is an evidence to prove the strong and rapid development of Vietnam in this sector, thanks to the right investment so as to modernize the meteorological sector, the tremendous effort of meteorological officials as … [Read more...] about Vietnam is hydro-meteorological forecasting center in Southeast Asia
Vietnam is expected to become a goods transaction centre of the Southeast Asia
Since February 2012, HCMC has been selected to be a standard place for peppercorn transaction contracts, marking a success for Vietnam in the competition with India to be a transaction centre of Southeast Asia. The appearance of Vietnam at the Singapore Department of goods transaction shows the country’s image as an emerging market in the world. The strong growth of Vietnam's agriculture and commerce started attracting various investors around the world. IFC, a branch of the World Bank, recently announced two investments worth US$40million to support Vietnam on trade and finance. According to Mr. PK Joshi, Director of the East Asian International Food Policy Research Institute, Vietnam benefits from effective policies to connect entire chains, from producers to final foreign consumers. The price at the Indian Department of National Commodities and Derivatives Exchange (NCDEX) was previously an orientation for all global peppercorn markets, however the position is … [Read more...] about Vietnam is expected to become a goods transaction centre of the Southeast Asia
Antiquities of the Southeast Asia on display
An exhibition of 300 antiquities objects from several Southeast Asian countries, including Vietnam, Brunei, Indonesia, Laos, Malaysia, Singapore, Thailand, Myanmar, Philippines, opened at the Museum of Vietnamese History on Nguyen Binh Khiem Street, District 1, HCMC on April 24 th. The exhibition features similarity and specialties of each country in Southeast Asia. The displayed antiquities including a gold crown of gold (Vietnam), a wooden Buddha statue and black glazed pottery (Laos), the God Ganesa (Cambodia), the figure in praying position, and terra cotta jars (Malaysia), stone God statue and embossment (Indonesia), brown drum and wooden Buddha statue (Myanmar) or the God Shiva riding cow Nandin (Thailand) attract attention of the public and researchers Most of displayed antiquities are worshiping objects and household appliances featuring daily life of residents in the Southeast Asia region, such as silver bowl in the 19 th century of Cambodia, brown glazed pottery … [Read more...] about Antiquities of the Southeast Asia on display
Vietnam tops Southeast Asia on FIFA rankings
Vietnam’s football is ranked 99th in the world’s FIFA December ranking, which is the highest-ever rate of the nation in the last seven years and tops the Southeast Asia. Compared to the November ranking released by the world’s football governing body, Vietnam jumps up 35 steps from the 134th place in the world. Since being admitted to the world ranking by FIFA in 1993, Vietnam had twice been ranked in the world’s top 100. It was the 86th grade in September, 1998 and 96th in September, 2004. The progress has been announced in the time when the national U-23 team of Vietnam is low in the eyes of local fans due to the team’s match fixing suspects and its failure in reaching the top three at the 26th SEA Games last month. In the latest ranking table, Thailand that has led the Southeast Asia for years ranks 122nd while Indonesia, Singapore and Malaysia stand 142nd, 145th and 148th respectively. Brunei and Timor Leste stand at the bottom in the region, at … [Read more...] about Vietnam tops Southeast Asia on FIFA rankings