10 year treasure rate

The 5-star ALMA Resort developed by Paradise Bay Resort Co. Ltd. has been officially voted as one of the top 10 best resort projects in Vietnam in 2020 by Vietnam Real Estate online magazine, or reatimes.vn. The year 2020 ended on a positive note for Vietnam with the national GDP rising 2.91 percent, but the COVID-19 pandemic remained complicated, with the world economy being mired in difficulties. The Vietnamese tourism industry is still making constant efforts to resist the destructive power of the pandemic. 2020 was a bleak year for all branches of tourism, but it also showed the adaptability and flexibility of the entire industry. During this difficult time, the construction of ALMA Resort was completed and it was officially put into operation in December 2019. While ensuring measures against the pandemic, ALMA Resort welcomed thousands of families in 2020, with a peak room occupancy rate of up to 80 percent. For such a new resort to have such a desirable number of guests, ALMA Resort has operated under the model of vacation ownership in which most of the customers already booked their stay for a couple of years in advance. Despite its new operation of less than two years, ALMA Resort and ALMA vacation ownership products have obtained different remarkable achievements and given customers a good impression. A view of ALMA Resort in Khanh Hoa Province, Vietnam Located in a prime location on an area of 30 hectares at Bai Dai, one of the 10 most beautiful beaches on the planet in Cam Lam, Khanh Hoa Province, ALMA Resort looks like a peaceful green oasis with an impressive architecture of tropical vibes. With the advantage of a nearly 1km stretch adjacent to the beach, ALMA is designed with unique architecture, providing customers with an optimal sea view from nearly 400 apartments and 200 resort villas. Each apartment is equipped with modern amenities for families of five to nine people, ensuring the luxury resort space and …

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Prudential Vietnam and Vietnam Maritime Commercial Joint Stock Bank have renewed their strategic bancassurance partnership (Photo courtesy of Prudential Vietnam) HCM City (VNS/VNA) - Prudential Vietnam Assurance Private Limited , a subsidiary of Prudential Plc , and Vietnam Maritime Commercial Joint Stock Bank have renewed their strategic bancassurance partnership for another 15 years. The new agreement significantly expands the geographical scope to include the north, where MSB is headquartered, and make Prudential the lender’s only partner. They have been collaborating since 2013 and built a highly successful bancassurance partnership which delivered a 34 percent compounded annual growth rate in annual premium equivalent between 2014 and 2020. Under the renewed partnership, the two sides will also expand into new segments, including digital, to deliver holistic protection solutions to customers. With a digital-focused approach that is aligned with MSB and Prudential’s plans to leverage existing digital tools such as the latter’s artificial intelligence-powered application Pulse, they hope to seize further growth opportunities. Nic Nicandrou, Chief Executive of Prudential Corporation Asia, said: “Vietnam is an important market and source of growth for Prudential. The renewal and expansion of our long-term partnership with MSB represents a tremendous opportunity for Prudential to build on its strong presence in the market. It is a clear demonstration of our commitment to serving MSB’s customers, helping them get the most out of life with our leading suite of health and wealth solutions.” Phuong Tien Minh, Chief Executive Officer of Prudential Vietnam, said: “Prudential Vietnam has built a highly-effective bancassurance partnership with MSB since 2013. “We are delighted to be taking the partnership to the next level as we deliver our innovative offerings to MSB’s customers through existing as well as new channels, including digital. …

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The National Economic and Social Development Council  upgrades its export growth forecast to 5.8 percent from 4.2 percent. (Photo: VNA) Bangkok (VNA) – The Thai government has pledged to revitalise tourism, stimulate domestic spending , and spur exports and investment to help economic growth reach its 4-percent target this year, local media reported. Deputy Prime Minister Supattanapong Punmeechaow said the government still maintains an economic growth target of 4 percent this year although various economic forecasting agencies have downgraded their outlook to only 2.7-3 percent growth. The Fiscal Policy Office (FPO) recently slashed Thailand's economic growth forecast to 2.8 percent this year, down from 4.5 percent in October 2020, while the Joint Standing Committee on Commerce, Industry and Banking maintained its economic outlook at 1.5-3.5 percent, despite the distribution of the COVID-19 vaccine. Supattanapong noted three factors, namely exports, domestic tourism and the government's stimulus measures, will help speed up Thailand’s economic growth in the remaining 10 months. The National Economic and Social Development Council (NESDC) in February upgraded its export growth forecast to 5.8 percent from 4.2 percent, despite downgrading its economic growth forecast for this year to 2.5-3.5 percent from 3.5-4.5 percent, mainly because of a fresh wave of COVID-19 infections. Thailand's exports, notably those bound for emerging markets, should be sped up, said Supattanapong, adding that the government also aims to stimulate domestic tourism as fast as possible to generate incomes for the country. Domestic tourism revenue fell substantially to 600 billion baht (19.7 billion USD) in 2020, down from 1 trillion in 2019, because of the pandemic. To boost domestic tourism, the Deputy PM said the Thai government looks set to implement additional stimulus measures to increase activities./. VNA …

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