World

The speed of economic recovery would largely depend on the scale of the vaccination program, although testing remains a key solution to prevent the spread of the pandemic. The serious Covid-19 situation, slow progress in the vaccination program, and strict requirements on movements are among issues that downgraded Vietnam’s rank among the world’s fastest-growing economies. Chairman of the National Assembly Vuong Dinh Hue at the meeting. Source: quochoi.vn World Bank’s lead economist Jacques Morisset stressed the view in a social-economic consultation conference held today [September 27] under the chair of the Chairman of the National Assembly Vuong Dinh Hue. In this regard, Morisset called for more efficient management of movement limitations by simplifying procedures and a smooth data-sharing mechanism between agencies. To stabilize the macro-economic condition, the World Bank expert suggested the Government keep a balance between monetary and fiscal … [Read more...] about Solutions for Vietnam to claim spot among world’s top economic prospects

Vietnam Film Week is aimed at introducing to international friends Vietnamese culture and people through unique meaningful cinematographic works. Seven typical films of Vietnamese cinema will be selected by the Ministry of Culture, Sports and Tourism, dubbed or subtitled in English, and sent to the World EXPO 2020 Dubai for evaluation before being widely screened at the event. The poster for the recently emerging Vietnamese film entitled ‘Dad, I’m sorry!’ by directors Ba Sang and Tran Thanh According to the Ministry of Culture, Sports and Tourism, Vietnam Film Week EXPO 2020 Dubai will take place within the framework of the World Exhibition EXPO 2020 Dubai, held in the United Arab Emirates. The film week will run from December 30, 2021, to January 5, 2022. The opening ceremony will take place on December 30. Vietnam Film Week EXPO 2020 Dubai aims to introduce to international friends the unique works of Vietnamese cinema; promoting Vietnam’s film industry; … [Read more...] about Vietnamese films will be screened at World Exhibition EXPO 2020 Dubai

Vietnam continues to remain an attractive investment destination in the long term. Foreign Direct Investment (FDI) commitments during the first nine months of 2021 rose by 4.4% year-on-year to US$22.15 billion, a report of the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment has shown. Production at YPE VINA in Binh Xuyen 2 Industrial Park, Vinh Phuc Province. Photo: Hoang Hung Meanwhile, the serious Covid-19 situation in southern provinces/cities has led to temporary disruption of production and a reduction of 3.5% year-on-year in FDI disbursement to around $13.28. billion. Principal Country Economist of the ADB in Vietnam Nguyen Minh Cuong said the pandemic and subsequent restriction measures are wreaking havoc on businesses as a whole, including foreign companies. Cuong, however, noted for foreign businesses, any investment decision into a country would take into account long-term considerations, and they are rarely fazed by … [Read more...] about FDI commitments to Vietnam rise nearly 5% in 9-month period

Illustrative image (Photo: AFP/VNA) Singapore (VNA): Singapore reported 1,939 new COVID-19 cases on September 26, a daily record since the start of the pandemic and marking the sixth consecutive day new infections have exceeded the 1,000 mark. Of the new cases, 417 were people above the age of 60. There were also five imported cases, said the Ministry of Health (MOH) in an update released to the media at about 11pm. The same day, the country also recorded two more fatalities, taking the national death toll to 78. There have been 23 deaths in September so far, a new monthly record. The number of deaths tended to increase when Singapore opened on August 10, with a total of 23 cases in September, compared with 18 cases in August. Singapore has mobilized additional personnel from the Singapore Air Force (SAF) and the People's Association (PA) to support patients receiving treatment at home. From September 27, Singapore began to tighten social distancing measures, … [Read more...] about Singapore reports record COVID-19 cases in a day

'Delete Facebook' movement gains prominent backer, photo AFP "It is time. #deletefacebook," Brian Acton said in a tweet, using the hashtag protesting the handling of the crisis by the world's biggest social network. The WhatsApp co-founder, who now works at the rival messaging application Signal, posted the comment amid a growing uproar over revelations that Facebook data was harvested by a British political consulting firm linked to Donald Trump's presidential campaign. "Delete and forget. It's time to care about privacy," he said. Several websites offered tips on how to quit Facebook, while noting that the process is more complicated than it appears. "Delete and forget. It's time to care about privacy" Facebook offers users the option to "deactivate" an account for users who want to take a break and return later, or to "delete" the account and its data entirely. But Facebook noted that some data such as posts on friends' timelines might remain in the system … [Read more...] about ‘Delete Facebook’ movement gains prominent backer

In Kuala Lumpur (Photo: Reuters) Kuala Lumpur (VNA) - Malaysia aims for 4.5 to 5.5 percent annual economic growth and become a high-income country by 2025. Prime Minister Ismail Sabri Yaakob revealed the goals on September 27 as he tabled a sweeping five-year development plan, to be debated and voted on in parliament. The blueprint aims to guide the country go through the economic ravages of the COVID-19 pandemic, though the fight against the virus is far from over and the premier himself stressed the government's financial constraints. However, since March 27, 2020, Malaysia has launched eight  economic stimulus packages to support residents with a total value of up to 530 billion ringgit (about 126 billion USD) and has succeeded in stabilising its economy. After four consecutive quarters of decline, in the second quarter of 2021, Malaysia's economy grew 16.1 percent over the same period last year. It is expected that the government's financial situation will … [Read more...] about Malaysia aims to become high-income country by 2025