Vietnam anti coruption

Vietnam expecting to spend even more on imports - illustration photo Southeast Asia is facing rising inflation, a problem that is exacerbated by the failure of energy and food prices to fall. Last month, the Monetary Authority of Singapore (MAS) tightened monetary policy for the third time since October to deal with inflation that is expected to heat up. According to analysts, the MAS has redefined the midpoint of the popular exchange rate policy band and slightly increased the slope of currency appreciation to help the Singapore dollar strengthen against the currencies of other countries. However, the MAS did not change the width of its policy band – a move the institution usually would take when markets are volatile. As a result, the Singapore dollar rose about 0.5 per cent to $1.35 after the MAS’ move. The agency considered the possibility that core inflation would pick up sharply in the coming months, before being revised later this year, due to the sharp increase in … [Read more...] about Vietnam expecting to spend even more on imports

Lotte Hotel in Hanoi was voted the best hotel in Vietnam, according to the annual 2022 ranking compiled by the U.S. online booking site Tripadvisor, based on millions of reviews and opinions collected. Situated on the upper part of a 65-floor building in the downtown area near Hanoi's iconic tourist destinations, the hotel has 235 standard rooms and 83 suites with each offering a panoramic view of the capital. It also has a fitness center, outdoor swimming pool, basketball court, kids play center, and 24-hour gym service. The lowest price for a night's stay is VND2.23 million ($96.45). Vinpearl Discovery Ha Tinh in Loc Ha District of north-central Ha Tinh Province came second in the list. This upscale resort along Xuan Hai Beach is 19 kilometers from Huong Tich Pagoda, a vast mountainside temple complex and popular spiritual site. It has 42 well-equipped rooms featuring private pools and offering views of long, … [Read more...] about Top 10 Vietnam hotels selected by Tripadvisor

Global food prices are expected to keep on rising this year due to the Ukraine conflict and other factors, Photo: Thanh Tung China’s National Bureau of Statistics (NBS) said on May 11 that the consumer price index (CPI), the main measure of inflation and retail sales, increased by 2.1 per cent on-year in 2021 due to the impact of the recession and skyrocketing energy costs and food prices. Data released by the General Administration of Customs of China on April 13 recorded a decrease in China’s imports for the first time since August 2020. In March, China’s imports fell 0.1 per cent on-year. Assoc. Prof. Dr. Vu Sy Cuong from the Academy of Finance warned last week, “Along with the conflict in Ukraine, China’s economic difficulties could exacerbate inflationary pressures in Vietnam.” China’s slowing growth is clearly felt by many manufacturing and export industries of Vietnam. Pham Van Viet, president of garment firm VitaJean Co., Ltd., said, “Restrictions on raw materials … [Read more...] about Global effects mar control of inflation

The regional framework should be in line with international laws and ASEAN Centrality. Vietnam has highlighted the role of international economic initiatives when talking about the Indo-Pacific Economic Framework (IPEF) which was launched by the US three days ago. “Vietnam has joined a number of international economic initiatives that help make the most of domestic and foreign resources, serving the country’s development,” Spokesperson Le Thi Thu Hang of the Ministry of Foreign Affairs (MoFA) said today. Hang made the statement at the press conference on May 26 when talking about Vietnam’s participation in the launch of IPEF through a speech delivered by Prime Minister Pham Minh Chinh. Chinh said the launch of IPEF will kickstart a serious discussion in exchange of ideas towards addressing critical regional and global issues together, issues that no one can address on their own like ones on a global scope – supply chains diversification and resilience, technological … [Read more...] about IPEF should treasure openness, inclusiveness and transparency: foreign ministry

The Foreign Ministry's spokesperson Le Thi Thu Hang. (Photo: VNA) Hanoi (VNA) – Vietnam believes that the Indo-Pacific Economic Framework for Prosperity (IPEF) should be based on open, inclusive and transparent principles in line with international law, while ensuring ASEAN's central role and supplementing existing economic links, stated Foreign Ministry spokesperson Le Thi Thu Hang . Hang made the statement while clarifying Vietnam 's stance in joining the discussion process of the IPEF during the Foreign Ministry’s regular press conference in Hanoi on May 26. Hang said that on May 23, Prime Minister Pham Minh Chinh delivered a speech at the launch of the IPEF via videoconference. She said that during the discussions, Vietnam will work with ASEAN members and relevant partners to look deeply into the IPEF’s contents, focusing on trade; supply chains; clean energy, decarbonisation and infrastructure; and taxation and anti-corruption, aiming to have a positive, … [Read more...] about IPEF should be based on open, inclusive, transparent principles: spokesperson

Foreign military attachés and the Khanh Hoa Military Command pose for a group photo. (Photo: qdnd.vn) Hanoi (VNA) – A delegation of foreign military attachés visited the Military Command of central Khanh Hoa province on May 25, according the Quan doi Nhan dan (People’s Army) daily. The delegation comprised military attachés of Thailand, the UK, Myanmar, Laos, Germany, the Czech Republic, the Netherlands, Malaysia, South Africa, the Republic of Korea, and the US, along with advisors to the Vietnam Department of Peacekeeping Operations. This was the first visit to Khanh Hoa by a delegation of foreign military attachés since the COVID-19 pandemic broke out. Colonel Trinh Viet Thanh, Political Commissar of the Khanh Hoa Military Command, brief the guests on the province and tasks of the command. The visiting attachés highly valued anti-pandemic efforts by the Vietnamese Government, as well as the Vietnam People’s Army and the Khanh Hoa Military Command. They … [Read more...] about Foreign military attachés visit Military Command of Khanh Hoa province