ADB Country Director Andrew Jeffries (Photo: VNA) Hanoi (VNA) – ADB Country Director Andrew Jeffries has talked to the Vietnam News Agency on the recent interest rate hike by the State Bank of Vietnam in the context of the Fed, ECB and a number of countries raising their rates to curb inflation. “Another significant achievement in economic policy in Vietnam has been maintaining macro-economic stability,” Jeffries said. According to him, through the pandemic and also through the economic shocks of this year, including global inflation, fallout from the conflict in Ukraine and recession risks, Vietnam was successful in controlling inflation this year, despite enormous pressure from energy, commodity price surges from world economy. He went on to say that monetary policy measures taken by the government have greatly contributed to this success, keeping money supply and credit under control, dealing with pressure for a stable exchange rate while supporting business access to … [Read more...] about State Bank’ rate hike necessary to defend VN dong, control inflation: ADB Country Director
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NovaGroup in collaboration with KfW DEG Impulse, a member of the Investment Fund under the German state-owned investment and development bank (KfW), announced a project titled “Teaching English and Informatics for free for primary school students” in Binh Thuan and Dong Thap provinces on September 26. The project will donate English and Informatics lessons to 1,000 students in Tien Thanh 1 and Tien Thanh 2 primary schools (Tien Thanh Commune, Phan Thiet City, Binh Thuan) and Long Khanh A3 (Hong Ngu District, Dong Thap). On the occasion of the start of a new school year, NovaGroup also gifted Te rice cakes, sausages and canned foods made by Nova Consumer Group to students in the two schools. Dr Bui Phi Hung, CEO Nova Education, representing NovaGroup speaks at the project announcement. He shares with participants about the benefits that the project will bring to students. Through the project, NovaGroup and KfW DEG Impulse expect to establish a high-quality and integrated … [Read more...] about NovaGroup, KfW DEG Impulse to carry out education project for underprivileged students
Fishers move fishing boats onshore to avoid Storm Noru. (Photo: SGGP) The province directs localities to continue inspecting, reviewing, resolutely moving, and evacuating people, vehicles, and properties out of dangerous areas. The evacuation of people must be completed before 9 a.m. on September 27, ensuring food and essential needs at the shelter. Quang Nam Province has planned to relocate people and tourists in two scenarios, a strong storm, and a super typhoon. As for the former situation, the province will relocate 182,280 people. Of these, 57,753 will be relocated on the spot, and 124,700 will be moved to safe places. In the scenario of a super typhoon, Quang Nam will organize the relocation of 401,901 people. Of these, 111,470 will be relocated on the spot, and 290,585 will be evacuated. The provincial Border Guard Command and coastal localities have banned ships from going to sea from September 26, including all inshore boats and vessels. The ban is valid until the … [Read more...] about Quang Nam evacuates over 400,000 people, closes schools to avoid Storm Noru
“Impressive, methodical, and professional” were the words used by the media representative of the United Nations Development Programme (UNDP) in Vietnam after VIR was selected to jointly organise the forum “Finance and Governance Accelerators for a Just Energy Transition” in July. The forum was held during a visit to Vietnam by Kanni Wignaraja, UN assistant secretary general and UNDP regional director for Asia-Pacific. Despite her busy schedule, Wignaraja gave an important speech at the forum, highlighting Vietnam’s socioeconomic development achievements and committing that the UNDP will continue to support Vietnam’s transition to clean energy. The UNDP media representative said, “We highly appreciate the organisation of this forum by VIR. The newspaper’s prestige is increasing thanks to the strong transformation with new products, and everything has gone smoothly in terms of logistics, sound, lighting, and choice of hosts.” Many business associations and investors … [Read more...] about Lending a hand to progress for the business community
At the start of the new school year, there is a shortage of English teachers not only in public schools but also in private centers for foreign language teaching in Ho Chi Minh City and southern localities, though teachers are being offered great advantages. Tran Ngoc Duc, deputy director of H123 English Afterschool Center with eight branches in Binh Duong Province bordering Ho Chi Minh City, said his network of centers is back in operation since March after being closed for six months due to the COVID-19 pandemic. However, more teachers have been recruited since then as the number of existing teachers cannot meet learners' demands. Most foreign language centers are suffering from a shortage of both Vietnamese and foreign teachers. At the same time, at the beginning of the new school year, the number of students has increased by one and a half times, sometimes even two times, compared to pre-pandemic levels. Income increases of 30 percent for recruitment According to … [Read more...] about Southern cities and provinces in Vietnam short of English teachers
Along with attending the Transforming Education Summit, Son had meetings with the U.S. Secretary of Education and representatives from the World Bank, Microsoft and New York University. He also had a working session with President of the U.S. Educational Testing Service (ETS) Amit Sevak, and held a Vietnam - U.S. education cooperation forum that drew leading U.S. educational organizations. Participants at the event discussed major cooperation issues in education-training between the two sides. On the sidelines of the forum, the minister had a meeting with leaders of College Board - a global non-profit organization connecting students to universities and career opportunities. College Board Vice President Rushi Sheth said that the number of Vietnamese students joining the advanced placement program has increased 219% since 2018, while those taking SAT tests rose 45%, showing the increasing demand for international education programs. He said that online SAT tests are likely to be … [Read more...] about Vietnam seeks stronger education partnership with U.S.