Vietnam aviation recovery

A COVID-19 vaccination site in Hanoi (Photo: VNA) Tokyo (VNA) - The Executive Board of the International Monetary Fund (IMF) has highly valued Vietnam’s policy support to cushion the impact of COVID-19 in tandem with successful maintenance of fiscal, external, and financial stability and an impressive vaccination rollout. In a press release following a recent consultation with Vietnam, the IMF Executive Board said a recovery is underway and high frequency indicators point to stronger momentum going into 2022, with rising retail sales, industrial production, and firm entry. Growth is expected to reach 6% in 2022 as activity normalisation continues and the programme for recovery and development is implemented. However, the recovery of the labour market is lagging as underemployment remains high. While inflation has recently picked up due to rising commodity prices and supply-chain disruptions, it remains well below the central bank’s inflation ceiling. The Executive Board … [Read more...] about IMF hails Vietnam’s moves to cushion COVID-19 impacts

Vietnam's economy is predicted to grow by 6.9% this year, according to the latest Vietnam At A Glance report by HSBC. (Photo: VNA) HCM City (VNA) – HSBC has raised its forecast for Vietnam’s economic growth this year to 6.9%, from the previous prediction of 6.6%, which is possibly the fastest pace in the region. In the Vietnam At A Glance report in July, HSBC Global Research noted that decreasing risks posed by the Omicron variant and eased restrictions have paved the way for Vietnam to return to the normality. Thanks to widespread recovery, the country recorded an impressive GDP growth rate of 7.7% in the second quarter compared to the same period last year. The service sector, which has suffered from severe economic impacts, have bounced back strongly while manufacturing has continued growing and exports hit historic highs. However, the growth forecast for 2023 was revised down to 6.3% from 6.7% due to growing risks, especially in the energy sector, according to the … [Read more...] about HSBC upgrades Vietnam’s growth forecast to 6.9%

At the press conference of Miss Vietnam 2022 beauty contest The Northern and Southern regional qualifying rounds will be held in October. Selected contestants will join the final rounds which are scheduled to take place from the middle of November to December. This year’s winner will receive a cash prize of VND350 million (US$15,000). The first and second runners-up will receive cash prizes of VND250 million and VND200 million respectively. Journalist Le Xuan Son, Editor-in-Chief of the Tien Phong Newspaper and head of the organization board of the beauty contest speaks at the event. Journalist Le Xuan Son, Editor-in-Chief of the Tien Phong Newspaper and head of the organization board of the beauty contest said that the pageant will honor physical and intellectual beauty, especially natural beauty, and select an outstanding person who will represent Vietnam to compete at global beauty contests. Sideline events will be social and charity activities, and programs … [Read more...] about Miss Vietnam 2022 starts

Viet, who led the Vietnamese delegation to the event, told the Vietnam News Agency (VNA)'s resident correspondent in Geneva, Switzerland, that the country has engaged in specific initiatives, especially those on climate change and the right to food, and issues regarding gender equality. Vietnam’s advocacy to dialogue and cooperation has drawn the attention of other countries, he said, adding that Vietnam shared its experience in climate change response, COVID-19 combat and post-pandemic recovery to ensure social welfare and rights of its citizens in health care, economy, social affairs and education. The country promotes women’s role in families, will continue to prioritize commitments to gender equality and women’s empowerment, and stands ready to cooperate with countries in this regard, he affirmed. Mentioning a photo exhibition on ethnic groups and religions in Vietnam on the sidelines of the session, Viet stressed that the photos capture the harmonious life of 54 Vietnamese … [Read more...] about Vietnam contributes to U.N. Human Rights Council with meaningful messages: official

It was good question, asked in reaction to a recommendation by the nation's top prosecutor that people guilty of corruption be allowed lighter sentences in exchange for money and assets. But I didn't know how to answer that question right off the bat. I don't think that the proposal, which was put forward by Le Minh Tri, head of the Supreme People's Procuracy of Vietnam, at a conference to review last 10 years of the anti-corruption movement, can be boiled down to "right" or "wrong". Tri argued that the fight against corruption should be more about preventing it and less about punishing the crime ; and that those guilty of corruption and economic crimes can be given opportunities to fix their misdeeds. That would not only allow the state to recover its lost assets, but also be a humane gesture. There is some merit to this argument, I thought. After all, we haven't been able to seize back much of the lost assets in recent economic and corruption cases that have been prosecuted … [Read more...] about Leniency for criminals willing to pay up? No, thanks

Overview of the NA Standing Committee's session (Photo: VNA) Hanoi (VNA) – The National Assembly (NA) Standing Committee on July 6 adopted a resolution on environmental protection tax for petrol, diesel and grease, with 100% of ‘yes’ votes. Accordingly, the NA Standing Committee adjusted the environmental protection tax rate from 2,000 VND (0.086 USD) to 1,000 VND per litre for petrol (except ethanol), from 1,000 VND to 500 VND per litre for diesel, from 1,000 VND to 300 VND per litre for mazut and lubricant and 300 VND per kg for grease. That for kerosene remains unchanged at 300 VND per litre. The reduction will be applied from July 11 until the end of this year. Speaking at the Standing Committee’s session, NA Chairman Vuong Dinh Hue said that as petrol prices have a strong impact on economic growth and macroeconomic stability, price stabilisation is very important in the context of the current high oil prices. Therefore, this session was organised to adopt a … [Read more...] about NA Standing Committee agrees to reduce environmental protection tax for fuel