Spacex second stage recovery

The Vietnam Bear Rescue Center will be located at  Bach Ma National Park in the Central province of Thua Thien-Hue. The new facility will be constructed on an area of 12.7 hectares including 12 houses and 12 semi-wild houses with a total non-refund donation of US$10.5 million from Animals Asia. According to the Vietnam Bear Rescue Center, on May 27, the Forest Protection Department under the Ministry of Agriculture and Rural Development , the Bach Ma National Park coordinated with the Animals Asia to organize a ceremony to publicize the project, which will be built in the administrative-service area of the Bach Ma National Park to serve over 300 species of bear in a semi-natural environment. The project is expected to start construction in 2022 and be completed in four years later. Doctor. Jill Robinson MBE, the founder and General Director of Animals Asia Speaking at the ceremony, Deputy Director of the Forest Protection Department Nguyen Quoc Hieu informed that … [Read more...] about Vietnam to build second facility of Vietnam Bear Rescue Center in Thua Thien-Hue

Present at the event were VNDPKO Director Major General Hoang Kim Phung, Director of Military Hospital 175 Major General Nguyen Hong Son, the Australian Defense Attaché to Vietnam, representatives of Air Division 370, international delegates, and relatives of the field hospital’s staff. At 01:30 on May 27, the military transport aircraft C-17 Globemaster III of the Royal Australian Air Force carrying the second group of the L2FH Rotation 3’s staff landed at Tan Son Nhat International Airport. Earlier, the first group of the hospital’s members arrived home on April 30. After undergoing a rapid COVID-19 testing, the Vietnamese peacekeepers attended a welcoming ceremony chaired by leaders of the VNDPKO and Military Hospital 175. In a cozy and solemn atmosphere, leaders of units expressed their delight at the L2FH Rotation 3’s significant outcomes, which have contributed to raising the quality of defense external relations and diplomatic activities. Speaking at the welcoming … [Read more...] about Second group of L2FH Rotation 3 arrives home

Illustrative photo. (Source: VNA) Hanoi – The S&P Global Ratings on May 26 raised its long-term sovereign credit rating on Vietnam to “BB ” with a “stable” outlook on the back of strong economic recovery, according to the Ministry of Finance. It is a very positive move when S&P Global Ratings upgraded Vietnam’s sovereign credit rating amidst numerous global uncertainties and challenges, the ministry said in a statement, adding that it reflects an international recognition of Vietnam’s efforts to stabilise and recover the macro-economy and reinforce the socio-political foundation. Vietnam is one of the only two Asia-Pacific nations that have had its ratings upgraded since the beginning of this year, factoring in that Vietnam’s economy remains on a solid track to recovery following the complete removal of domestic and cross-border mobility restrictions, outstanding improvement in COVID-19 vaccination rates and a flexible shift in virus control strategy. It is also … [Read more...] about G&P Global Ratings raises Vietnam’s sovereign credit rating

A PNJ store in HCM City. The company's shares soared by 7 per cent yesterday. — Photo courtesy of PNJ Shares advanced for a fourth day this week on the Ho Chi Minh Stock Exchange, driven by the strong growth of blue chips. On the Ho Chi Minh Stock Exchange, the VN-Index gained 1.33 per cent to close Friday at 1,285.45 points. The southern bourse’s index has expanded 5.4 per cent this week. Information relating to the restructuring of the exchange-traded funds (ETFs) boosted trading in large caps. Twenty-nine out of the top 30 largest shares by market value and liquidity (VN30) gained value while only Sacombank (STB) fell 0.7 per cent. On Friday, the stocks in which the foreign ownership nearly touch the ceiling limit attracted investment. Phu Nhuan Jewelry JSC (PNJ) and Refrigeration Electrical Engineering Corp (REE) hit the ceiling growth of 7 per cent to VND122,300 (US$5.32) for a PNJ share and VND89,600 for a REE share. Among blue chips, big gainers included tech … [Read more...] about VN-Index rallies for a forth day on strong growth of blue chips

Bilateral trade recovery According to the Ministry of Industry and Trade, after two years of COVID-19, trade between Vietnam and the UK recovered in 2021, reaching nearly US$6.6 billion. This included more than US$5.7 billion worth of Vietnam’s exports to the UK, an increase of 16.4 percent compared with 2020. Vietnamese goods at a UK supermarket Products with high export growth included fruit and vegetables (up 67 percent); coffee (up 17 percent); pepper (up 49 percent); carpets and products made of bamboo, rattan and sedge (up 56 percent); iron and steel materials (up 1,269 percent); steel products (up 100 percent) and toys and sports equipment (up 19 percent). The value of Vietnam’s imports from the UK reached nearly US$850 million, an increase of 23.6 percent compared with 2020. In the first four months of 2022, Vietnam’s exports to the UK reached an estimated US$4.8 billion with key products including seafood, coffee, pepper, cashew nuts, plastic products, … [Read more...] about Vietnam-UK agreement creates leverage for bilateral trade

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