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Samsung kicks off Solve for Tomorrow 2022

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The “Solve for Tomorrow” contest is an opportunity for students to be empowered to illustrate social responsibility and make a better community through technology solutions. Photo courtesy of the organiser

                                       

HCM CITY — Samsung Vina Electronics Co Ltd (SAVINA), Samsung Electronics Vietnam Co Ltd (SEV), and Junior Achievement Vietnam (JA Vietnam) on Thursday officially launched the fourth season of the “Solve for Tomorrow 2022” contest to encourage students to apply technology in practice to tackle social and local problems.

After the three successful seasons since 2019, “Solve for Tomorrow” has become an annual innovative playground for secondary and high school students across the country, attracting many students nationwide. More than a playground, the contest is an opportunity for students to be empowered to illustrate society’s responsibilities and make a better community through technology solutions.

In 2021, the contest resonated with more than 75,000 students and teachers and received almost 1,500 submissions from 315 schools across the country. Across the competition, Vietnamese students demonstrated many innovative science and technology projects.

This year, the fourth season of Solve for Tomorrow 2022 will be held in Việt Nam from May 12 to November 13. The contest is divided into two groups including middle school students and high school students. With the teachers’ guidance, students will apply STEM on researching and developing solutions to solve social or local problems related to four areas: Society, Environment, Education, Health and Wellness. With many attractive prize categories, the total prize value is up to VNĐ2 billion.

Choi Joo Ho, President of Samsung Vietnam said: “At Samsung, we always believe in the Việt Nam young talents’ future – who will be the masters of technology and socially responsible – creating the future, and leading the development of Việt Nam. Therefore, with the global philosophy of “Togother for Tomorrow – Enabling People”, Samsung commits to accompanying and empowering the young Vietnamese generation to contribute to the most practical developments for Việt Nam in the future.”

Kevin Lee, General Director of Samsung Vina, said: “More and more schools are bringing STEM into the curriculum in Việt Nam; however, it still has many challenges, lack of output evaluation tools which are by-products and a playground for students to demonstrate their creativity. With the desire to impel STEM, Samsung has organised the Solve for Tomorrow contest for years to create a main STEM playground for passionate students and give the young generation opportunities to apply the association’s technology and to solve complex problems and social issues. Furthermore, the teachers and students can participate in online training and mentoring sessions with industry advisors to improve research ability, ideas and project presentations.”

Đoàn Bích Ngọc, CEO of JA Vietnam said: “We are proud to have long-term cooperation with Samsung to organise the Solve for Tomorrow contest – the country’s leading large-scale STEM contest. Through this developing playground, the contest will allow young talents to nurture technological creativity, demonstrate the young digital citizen’s social responsibility and create positive changes for the community. In particular, the contest is held virtually with various online training activities besides core knowledge and soft skills. It is not only attracting urban students but also those from remote areas.” — 

Source: https://vietnamnews.vn/economy/1190836/samsung-kicks-off-solve-for-tomorrow-2022.html

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Vietnam’s 2022 economic growth projected at 7%

Vietnam’s GDP is likely to expand by around 7 percent in 2022, much higher than 2.58 percent growth of 2021.

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Minister of Planning and Investment Nguyen Chi Dung made the above statement at the Cabinet meeting in Hanoi on July 4.

With this scenario, the economy needs to expand 9 percent in the third quarter and 6.3 percent in the last quarter this year, the minister said.

In the first half, the Southeast Asian country’s GDP accelerated to 6.42 percent growth compared to the optimistic scenario of 5,1-5,7 percent as figured out in the Government’s Resolution No. 01/NQ-CP, dated January 01, 2021 on major tasks and solutions for implementation of socio – economic development plan and state budget estimate for 2022. 

Especially, the GDP grew 7.72 percent in the second quarter, which is the fastest growth pace for April-June period since 2011.

Earlier, the World Bank predicted Vietnam’s 2022 GDP growth at 5.5 percent if the COVID-19 pandemic is controlled.

The projection is lower than the Vietnamese Government’s predictions at 6.5-7 percent, HSBC at 6.5 percent and Standard Chartered at 6.7 percent.

Source: https://e.nhipcaudautu.vn/economy/vietnams-2022-economic-growth-projected-at-7-3346528/

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Dragon Capital buys 2.1 million shares of Sacombank

Asset management company Dragon Capital has bought 2.1 million shares of HCMC-based Sacombank, increasing its stake in the bank to 6.09 percent.

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On June 29, two affiliated funds, CTBC Vietnam Equity Fund and Norges Bank, bought 2.3 million shares of the lender while a third, Samsung Vietnam Securities Master Investment Trust, sold 200,000 shares.

The value of the deal is estimated at VND47.5 billion (US$2.03 million) based on the share’s closing price last Wednesday.

Funds under Dragon Capital own 114.8 million shares or a 6.09 percent stake in the bank.

In March, Dragon Capital had raised its stake from 4.98 percent to 5.05 percent, after its largest fund, Vietnam Enterprise Investment Limited, bought 1.25 million shares.

Source: VnExpress

Source: https://e.nhipcaudautu.vn/companies/dragon-capital-buys-21-million-shares-of-sacombank-3346515/

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Vietnam targets 7% GDP growth this year: minister

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HANOI — Vietnam is aiming for economic growth of 7% this year, the country’s planning and investment minister said on Monday, higher than an official target of 6.0%-6.5% set previously.

To achieve this, year-on-year economic growth in the third quarter needs to be 9.0% and in the fourth quarter 6.3%, minister Nguyen Chi Dung also said during a government meeting.

Dung said Vietnam’s budget was in surplus, giving scope for fiscal policy to be used to support businesses and residents.

“Credit institutions will need to further cut their lending interest rates to reduce input cost pressure for businesses and for the economy,” he said.

Vietnam, a regional manufacturing hub, started lifting its coronavirus curbs late last year, allowing factories to resume full operations.

The economy is recovering after growing only 2.58% last year, the slowest pace in decades.

The Southeast Asian country reported GDP growth of 7.72% in the second quarter, backed by strong export growth, but warned of upward inflation pressure for the rest of the year. 

Source: https://tuoitrenews.vn/news/business/20220704/vietnam-targets-7-gdp-growth-this-year-minister/67932.html

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