Việt Nam continues to achieve robust growth accompanied by moderate inflation and a relatively stable exchange rate. — Photo tapchicongthuong.vn HÀ NỘI — Economic growth in Việt Nam had proven resilient despite weakening external conditions, driven mainly by strong domestic demand and a dynamic export-oriented manufacturing sector, according to the World Bank (WB)’s update on recent economic developments in Việt Nam. According to Taking Stock, the WB’s bi-annual economic report on Việt Nam which was released yesterday, the pace of expansion was forecast to remain at 6.8 per cent this year, higher than the projected figure of 6.3 per cent for emerging markets in the East Asia and Pacific regions. Over the medium term, in line with global trends, Việt Nam would see a slower pace of 6.6 and 6.5 per cent in 2019 and 2020, respectively. Inflation would remain muted at 4 per cent as the result of tightening monetary … [Read more...] about Việt Nam’s economy grows robustly but risks intensify
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Việt Nam’s energy demand is forecast to increase by over 10 per cent a year between 2016 and 2020 and by 8 per cent in 2021-30. — Photo cafef.vn HCM CITY — As one of the most efficient power markets in Southeast Asia, Việt Nam has huge prospects, especially in renewable energy, experts have said. There is need for investment in Việt Nam in production, export capacities and upgrading of infrastructure, Phan Thế Anh, deputy general director of the Ministry of Industry and Trade’s southern affairs, said. The Government is looking for responsible and sustainable investment that not only secures the future of the country but is also sensitive to the environment, he told the first Electrify Vietnam Summit, which opened on March 28 in HCM City. The country has achieved almost 99 per cent electrification at a relatively low cost compared to its neighbouring countries, he said. The main drivers of energy consumption are industrial … [Read more...] about Việt Nam seeks investment in energy market
Illustration by Trịnh Lập By An Phương “Not everyone is an artist, but everyone is a critic.” I reblog this quote or ones with a similar meaning to my personal Tumblr account every time I feel attacked by a random Internet fellow. Unlike Facebook, Twitter or Instagram, Tumblr is a social networking platform based on genuine respect, at least in my humble experience. Of course, I’m not here praising Tumblr for being a healthy platform but discussing one of the most relevant topics of today’s society, “criticism culture”. With the introduction of the Internet, followed by “keyboard warriors”, defined as those who behave aggressively online but are too shy to do the same face-to-face, criticism culture seems to be a predictable result. “I’m familiar with the concept of keyboard warrior. In fact, I was once a serious 'warrior' defending my K-pop … [Read more...] about What’s wrong with the internet’s criticism culture?
Farmers harvest tea at Dong Hy District in the northern province of Thai Nguyen, which is one of the provinces growing tea for export. — VNA/VNS Photo Hong Ky About 14,200 tonnes of Vietnamese tea, worth over US$22.5 million, was shipped to Taiwan between January and September, marking a year-on-year increase of 6.1 per cent in volume and 8.3 per cent in value. Taiwan’s tea imports exceeded 24,000 tonnes worth $60 million in the nine-month period. Taiwan mostly purchases green tea from Việt Nam and Japan, with the amount from Việt Nam accounting for 84.1 per cent of the total import. According to Chairman of the Vietnam Tea Association Nguyễn Hữu Tài, Việt Nam has 125,000 hectares of tea farms, mainly in the northern provinces of Thai Nguyen, Ha Giang, Phu Tho, Tuyen Quang and Yen Bai, and the Central Highlands province of Lam Dong. He said Việt Nam has the world’s second largest area producing tea, behind China. The country … [Read more...] about Viet Nam’s export of tea to Taiwan up
Hundreds of artists take part in a music and dance performance during a ceremony that kicked off the national Hoa Ban Festival in Dien Bien City. — VNS Photo Doan Tung by Nguyễn Mỹ Hà Điện Biên Phủ Tourism seeks to boost economy ĐIỆN BIÊN CITY (VNS) — The signature spring festival of Điện Biên, or Hoa Ban Festival, began yesterday here in Điện Biên City with hundreds of local performers and international visitors in attendance. Named after the most beautiful flower in the region, hoa ban, or the orchid trees, the festival resembles the ethnic Thai groups in Điện Biên Province, where the Thai makes up 38 per cent, the Mông 30 per cent and the Kinh, major Viêt ethnic group, 20 per cent of the population. Thousands of local residents from 19 ethnic groups, and tourists from across the country, have come to the world-famous Điện Biên … [Read more...] about Điện Biên Phủ Tourism seeks to boost economy