In long term, transforming the higher education system will be key to boosting Vietnam’s productivity and helping achieve its goal of becoming a high-income country by 2045. Vietnam’s GDP growth is forecast to surge from an estimated 2.6% in 2021 to 7.5% in 2022, with backing from resilient manufacturing and a robust rebound in services. Overview of the event. Photo: Nguyen Tung Country Director for the World Bank in Vietnam Carolyn Turk revealed the figures at the launch of its bi-annual economic outlook for Vietnam titled “Taking Stock: Educate to Grow” today [August 8]. According to Turk, the global economy has been experiencing a series of very large and negative shocks, including ongoing Covid-19-related disruptions and supply shocks associated with the Russia-Ukraine conflict. In this context, Vietnam’s economy has shown “relative resilience and staged a strong rebound after last year’s Covid-19 induced slowdown,” Turk said. Vietnam’s economic … [Read more...] about Vietnam’s GDP growth set to expand by 7.5% in 2022: World Bank
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British boyband New Hope Club to hold music showcase in HCMC
According to Universal Music Vietnam, this will be the first time a U.K. music act holds an album promotion in Vietnam. At the event, the group will interact with fans and perform two singles "Girl Who Does Both" and "Getting Better" from their upcoming album. A promotional poster for New Hope Club's showcase event in HCMC on August 23, 2022. Photo courtesy of Universal Music Vietnam The group will release more songs from their next album during their Asia promo tour until September to hype up fans for the official drop next year. Fans can visit Universal Music Vietnam to learn more about the ticket giveaway event. Formed in 2015, New Hope Club is a pop trio from the U.K. consisting of Reece Bibby (1998), Blake Richardson (1999) and George Smith (1999) who can all play guitar and sing. They currently have over 1.86 million monthly listeners on the music streaming platform Spotify. Their most well-known song "Know Me Too Well" has pocketed over 54 million … [Read more...] about British boyband New Hope Club to hold music showcase in HCMC
North-Central-South tourism connectivity enhanced
At the conference In November 2020, leaders of the People’s Committees of seven localities signed an agreement on tourism development cooperation. The program will focus on state management of the tourism industry, the development of tourism human resources and tourist products, and tourism promotion. According to a report, seven cities and provinces received a total number of visitors of 17.7 million and earned VND63, 000 billion (US$2.7 billion) in tourism revenue in 2021. In the first six months of this year, the business outcome of tourism activities saw positive signs thanks to tourism reopening policies. The total number of tourists was estimated at around 32.9 million, including one million international visitors while the revenue from tourism was VND87, 900 (US$3.76 billion). Standing Vice Chairman of the People’s Committee of Quang Ngai Province, Tran Hoang Tuan speaks at the event. Speaking at the event, Standing Vice Chairman of the People’s Committee of … [Read more...] about North-Central-South tourism connectivity enhanced
Vietnam’s economic growth forecast at 7.5 percent in 2022: World Bank
At the press conference to release the report. (Photo: WB Vietnam) According to the latest economic update by World Bank (WB) for Vietnam, the country’s economy expanded 5.2 percent in Q4 of 2021, and respectively 5.1 percent and 7.7 percent in Q1 and Q2 of 2022. Inflation is projected to average 3.8 percent over the year. Carolyn Turk, WB Country Director for Vietnam, said that the bi-annual report “lays out a set of policy recommendations that could help mitigate the impact of these risks and make the economy more resilient going forward.” Titled “Taking Stock: Educate to Grow”, this edition underlines transforming the higher education system as the key to boosting the country’s productivity and achieving its development goals, in the context where the country re-emerges from the pandemic and into a challenging global environment. The report’s co-author Dorsati Madani said that while Vietnam’s economic recovery had been relatively stable, not all sectors witnessed the same … [Read more...] about Vietnam’s economic growth forecast at 7.5 percent in 2022: World Bank
Vietnam’s conical hat is among top 15 traditional costumes
PANO - The Rough Guides magazine has ranked the conical hat of Vietnam one of the Top 15 most impressive traditional costumes in the world. Vietnam's conical hats According to this UK magazine, Vietnam has many typical traditional costumes which need to be preserved. Some costumes able to be found in the North include the H’Mong ethnic minority group’s brocade one or the Red Dao ethnic minority group’s costume with the domination of the red color. However, the most impressive thing that any tourists can see anywhere throughout Vietnam is conical hat, especially Hue city’s conical hat with poems written inside which shimmeringly shine in the sunlight . Translated by Chung Anh … [Read more...] about Vietnam’s conical hat is among top 15 traditional costumes
As profits disappear from NFT game Axie Infinity, so too do players
The HCMC office worker first heard of the NFT-based game last summer, and, after a few weeks of research, decided to invest US$1,000 into three non-fungible tokens linked to in-game characters called "axies." Axies and "smooth love potion" (SLP), the game’s reward for winning battles using axies, are its two selling points since they can be exchanged into money. Axies can also be "bred" with SLP and another token called AXS to produce new NFTs. Price of Axies, SLP and AXS suddenly surged last year, tracking the boom in the popularity of the game as players from developing countries found it a prominent source of income amid the Covid-19 pandemic. Kha then quit his job and invested all his savings in the game, but prices have fallen since the end of 2021 without any signs of recovery. In March its Ronin network was hacked, and some $625 million worth of Ethereum and USDC cryptocurrencies was stolen. An AXS token now is worth $18, a 10th of its peak price last year. Kha … [Read more...] about As profits disappear from NFT game Axie Infinity, so too do players