Southeast asian nations

A total of eight national teams will take part in the tournament, which will divide the competing nations into two groups. The Vietnamese futsal team have been drawn in the same group as Malaysia, Australia, and Indonesia. The other group is made up of the futsal teams from Thailand, Myanmar, Timor-Leste, and Cambodia. With eight teams competing in a round robin format, the two leading teams from each group will progress to the semi-final round. The tournament’s best three teams will qualify for the Asian Futsal Championship’s final round. The competition will provide a great opportunity for the Vietnamese team to gain experience and sharpen their skills ahead of a number of upcoming international tournaments. The national futsal team are targeting a top three finish ahead of the Southeast Asian Futsal Tournament 2019. … [Read more...] about HCM City ready to host Southeast Asian Futsal Tournament

The Ministry of Industry and Trade expects car imports to increase sharply. (Source: vietnamfinance.vn) Hanoi (VNA) - Vietnam imported 109,000 cars in the first nine months of this year, a year-on-year increase of 167.8 percent, reported the General Department of Vietnam Customs. The value increased by 157 percent during the reviewed period, reaching 2.4 billion USD. In September alone, a total of 13,000 cars were imported with a total value of 260 million USD, up 38.1 percent in volume and 24.4 percent in value compared to the previous month, respectively. According to the department, the imported cars mainly originated from Thailand, Indonesia, Japan, China and Germany, accounting for 97 percent of the total. As a result, domestic automobile production and assembly has levelled off. In 2017, the assembly output was 258,733 units, while in 2018 it fell to 258,116. In the first half of 2019, the number of assembled cars reached 131,089 vehicles. Cars imported from the … [Read more...] about Vietnam’s car imports soar in first nine months

Coal would remain a major fuel source in Southeast Asia for years to come(Photo: The Nation) Bangkok (VNA) –  Several of the 10 member countries of the Association of Southeast Asian Nations (ASEAN) have adopted clean-energy policies, and yet the use of coal continues to increase in the region. The energy multinational Wood Mackenzie said in a recent study that coal would remain a major fuel source in Southeast Asia for years to come, its use expected to peak only in 2027. The Indonesian government has set a target of generating 23 percent of its power from renewable sources but has achieved only 12 percent thus far due to widespread dependence on coal. Jacqualine Tao, a research associate at Wood Mackenzie, said the reality of rising power demand and affordability issues in the region means that coal’s capacity plateau will only be seen after 2030. The International Energy Agency (IEA) has stated that global demand for coal grew by 0.7 percent for the two years … [Read more...] about Coal remains main source of energy in Southeast Asia

The festival features 10 booths displaying traditional Vietnamese dishes like “pho” (noodle soup), “bun cha” (vermicelli with grilled pork and fresh herbs) and “nem” (spring roll), along with different types of beverages. (Photo: nhandan.com.vn) Bangkok (VNA) – The Vietnamese Embassy in Thailand on October 9 night held a culinary festival to celebrate the 74th anniversary of Vietnam’s National Day (September 2). Representatives of Thai ministries and agencies, and about 500 Vietnamese in Thailand joined the event. In his opening remarks, Ambassador Nguyen Hai Bang highlighted Vietnam’s firm and stable economic development as well as the strategic partnership between Vietnam and Thailand – two members of the Association of Southeast Asian Nations (ASEAN). Two-way trade has been expanded over the past years and is expected to reach 20 billion USD in 2020 as set by the two Governments, he said, adding that many big … [Read more...] about Vietnamese cuisine promoted in Thailand

(Illustrative photo: VNA)   Singapore (VNA) – Vietnam is a bright spot in foreign direct investment (FDI) attraction in Southeast Asia, said Sam Cheong Chwee, Executive Director and Head of United Overseas Bank (UOB) Group’s Foreign Direct Investment Advisory Unit at UOB. He made the remark in an article published by Singapore’s Lianhe Zaobao (United Morning) newspaper in its October 9 edition. In the article, the expert noted that the FDI influx into Vietnam has been on the rise in recent years, citing statistics of the United Nations Conference on Trade and Development (UNCTAD) which showed that 16 billion USD worth of foreign investment was channelled into the country last year. The expert also cited a recent report of Vietnam’s Ministry of Planning and Investment which said the country attracted more than 18.4 billion USD in the first nine months of the year. Sam Cheong Chwee stressed that economic and industrial growth will enhance Vietnam’s … [Read more...] about VN bright spot in investment attraction in Southeast Asia