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Vietnam’s growth forecast at 6.3% in first quarter: HSBC
HSBC says Vietnam’s economy will pick up pace throughout the year with growth for the three remaining quarters forecast at 6.4%, 6.7% and 6.8%, respectively.
The respective inflation figures are 4.4%, 4.6% and 3.6%.
According the bank’s experts, such positive forecasts are backed by strong data at the end of 2016, where manufacturing remained the main driver of the Vietnamese economy.
Vietnam continued to gain global market shares in a number of key projects, partly reflecting the economy’s integration into the regional supply chains of multinational companies.
In addition, Vietnam’s highly competitive labour force was also an attraction, helping the disbursement of foreign direct investment reach a record level in 2016.
HSBC predicts that the manufacturing sector will remain strong in 2017. The purchasing managers’ index in December hit 52.4, reflecting solid improvements in the operating conditions of the sector.
The increase in new orders, including export orders, helped boost production activities.
The bank emphasises the need for Vietnam to continue public spending on infrastructure to sustain the pace of economic growth, but also advises the country to continue its efforts to reform public finance, including selling the State’s stakes in State-owned enterprises.
HSBC says public finance reform should include not only more effective management of public funds and debt but also a quicker equitisation of State-owned enterprises.
Germany launches 150mn euro aid package for returning migrants
Berlin (AFP) - Germany has pledged to spend 150 million euros ($189 million) helping migrants return home, the minister of development said in an interview published Friday.The aid fund will benefit both failed asylum seekers and migrants who choose to return to their home countries."For the next three years, we will put aside 50 million euros a year for this return programme," minister Gerd Mueller told Augsburger Allgemeine daily.The funds will be made available to Iraqis, Afghans and… chat_bubble_outline Read More...
Hospital in HCM City launches hi-tech dialysis centre
Illustrative image (Source: Nguyen Tri Phuong hospital) HCM City (VNA) – A high-tech hemodialysis centre was put into operation in Nguyen Tri Phuong Hospital, Ho Chi Minh City on August 12. With 20 dialysis machines, the centre is expected to provide treatment for 50-60 patients a day. All equipment, medicines, and the hemodialysis process used in the centre strictly satisfy Japanese standards, bringing the best treatment to patients with chronic kidney disease. Initially, Japanese experts… chat_bubble_outline Read More...
Egypt unearths city and cemetery over 7,000 years old
CAIRO (Reuters) - Egypt has unearthed a more than 7,000-year-old city and cemetery dating back to its First Dynasty in the southern province of Sohag, the Antiquities Ministry said on Wednesday.The find could be a boon for Egypt's ailing tourism industry, which has suffered endless setbacks since an uprising that toppled autocrat Hosni Mubarak in 2011 but remains a vital source of foreign currency.The city likely housed high-ranking officials and grave builders. Its discovery may yield new… chat_bubble_outline Read More...
Sony Xperia Z3 review: Sony’s Latest is Also Its Best
In late April, I decided on the Sony Xperia Z2 the review with the words’ without doubt the best smartphone that Sony has made in a long time. ” Only six months later is his successor, the Xperia Z3, already in stores. Although Sony’s new flagship paper differs little from the Z2, there are some improvements that make the new Xperia handset worthwhile. What they are exactly, we show you in this Sony Xperia Z3 review. Let’s just straight to the point point: when the Xperia Z2 already, there’s… chat_bubble_outline Read More...
Serbia police arrest man with grenades at government HQ
BELGRADE, Serbia (AP) — Serbian police say they have arrested a man who threatened to detonate two hand grenades outside the government headquarters in downtown Belgrade.Police arrested the man early on Saturday after few hours of negotiations. The central area around the government seat was blocked to traffic.Serbia's state TV says the man drove up to the government building in his car and said he would blow himself up. The TV report says he had a criminal record. and demanded to talk to the… chat_bubble_outline Read More...