It is now nearly impossible to buy a new apartment at the VND 2 billion mark. According to a report in 2022 from Rever, a Southeast Asia technology firm in real estate brokerage, for VND1.5-1.8 billion, one can buy a 30-55 square meter apartment built 6-10 years ago in Thu Duc City, on the secondary market. The average income of workers in Ho Chi Minh City (HCMC) this year is about VND148 million a year, according to property listing platform Batdongsan.com.vn. By that calculation, it will take up to 24 years to save, with no spending on anything, just to buy an apartment. The type of apartment used in this survey costs VND3.5 billion per unit. The data also shows that Vietnam ranks first in Southeast Asia in terms of the gap between house prices and average worker incomes. From 2018 to 2021, the ratio of the difference between real estate prices and the average income of Vietnamese has continuously increased, surpassing even Singapore. On the other hand, Indonesia, Malaysia and … [Read more...] about A laborer needs to save for 25 years to buy an apartment
Apartments market commons myrtle beach
Three children, 3 adults shot dead by ex-student at Tennessee Christian school
A heavily armed 28-year-old fatally shot three children and three adult staffers on Monday at a private Christian school the suspect once attended in Tennessee's capital city before police killed the assailant, authorities said. The motive was not immediately known, but the suspect had drawn detailed maps of the school, including entry points for the building, and left behind a "manifesto" and other writings that investigators were examining, Police Chief John Drake told reporters. The latest in an epidemic of deadly mass gun violence that has come to routinely terrorize even the most cherished of U.S. institutions unfolded on a warm spring morning at The Covenant School, whose students consist mostly of elementary school-age children. Drake identified the suspect as Audrey Elizabeth Hale, 28, a resident of the Nashville area, and referred to the assailant by female pronouns. The chief said the suspect identified as transgender but provided no further clarity. Later, the … [Read more...] about Three children, 3 adults shot dead by ex-student at Tennessee Christian school
Vietnam’s political security makes the country more attractive to Australian investors
Many Australian firms have tapped into the Vietnamese market due to Vietnam’s strengthened political security, apart from an efficient anti-corruption crackdown, heard a seminar on Vietnam-Australia education, culture, and cuisine promotion in Hanoi on Monday. The Australian side strongly believes that Vietnam will further improve transparency and the investment climate. The event, jointly organized by the Australian Trade and Investment Commission (Austrade), Hanoi authorities, and many enterprises, acted as a start for a series of similar seminars to be held in five cities and provinces this year, which marks the 50th anniversary of diplomatic ties between Vietnam and Australia. An Austrade representative delivers a presentation on the performance of the Vietnam-Australia partnership in 2022. Photo: Duy Linh / Tuoi Tre Australia picks Vietnam as an investment destination thanks to political security Eliza Chui, a representative of Austrade, said that many … [Read more...] about Vietnam’s political security makes the country more attractive to Australian investors
Seven things international visitors to Vietnam should keep in mind
International tourists can have a better travel experience in the beautiful Asian country with warnings and advice from a British expat in Hanoi. Do not wear swimsuits in the city, be respectful around shrines and do not get upset if someone is late for an appointment... are some tips for international travelers visiting Vietnam for the first time. Foreign travelers may find various interesting things in Hanoi. Photo: Ka Long Having lived in Vietnam since 2010, Ian Paynton, founder of the Hanoi-based content agency We Create Content, has shared what he's learned about Hanoi with The Insider. There's so much to explore in Vietnam, from cities and villages to mountains, beaches, and grottos, according to www.insider.com . The country is also one of the most affordable places in Southeast Asia to visit. In 2019, the number of tourist arrivals in the country was around 18 million. In addition, more and more expats from around the world are choosing Vietnam … [Read more...] about Seven things international visitors to Vietnam should keep in mind
Visa upgrade at heart of fresh approach to tourism
Visas, service quality, and technology were all part of discussions on a better-performing tourism sector Photo: Cuong Minh May’s National Assembly session is likely to help push ahead a revamp of the country’s rules on entry and exit for foreign visitors, after the Ministry of Public Security crafts amendments to the current law. The development will be an important basis for the issuance of new regulations related to the visa policy, removing difficulties for the tourism industry, and creating conditions to attract more international visitors this year, according to most observers. Dang Tuan Viet, deputy director of the Ministry of Public Secrutity’s (MoPS) Vietnam Immigration Department, said that the proposal emphasised two major areas related to unilateral visa exemption and electronic visa policy. The MoPS also proposes to expand the number of countries that can issue e-visas from 80 countries to the maximum. The MoPS will also ask to increase the temporary stay … [Read more...] about Visa upgrade at heart of fresh approach to tourism
Powerful plan mooted for tourism
Photo: Chi Cuong At VIR’s roundtable discussion on seeking a boost for inbound tourism last week, editor-in-chief Le Trong Minh opened the roundtable with a fact-based observation, and noted that the country has yet to unlock the full potential of its tourism industry. “While the tourism sector contributes a significant 9.2 per cent of the country’s total GDP, equivalent to $32.8 billion, this number remains low compared to the global average,” he said. In 2023, the tourism sector aims to welcome eight million international visitors. While this is a modest number compared to the level achieved in 2019 of 19 million visitors, it is a challenging target as the market is undergoing many changes and new trends post-pandemic. Explaining this, Hoang Nhan Chinh, secretariat director of the Vietnam Tourism Advisory Board assessed that group tours are seeing a decline, and tourists known as frequent independent travellers are on the rise. “An essential step is to understand the … [Read more...] about Powerful plan mooted for tourism
Woman shoots dead 3 children, 3 adults at Christian school in Tennessee
There was no immediate official word on a possible motive for the gun violence, which unfolded on a warm, sunny spring morning not long after classes had begun at The Covenant School, whose students consist mostly of elementary school-age children. But the suspect had drawn detailed maps of the school, including entry points for the building, and left behind a "manifesto" and other writings that investigators were examining, Police Chief John Drake told an early evening news briefing. Drake identified the suspect as a woman by the name of Audrey Elizabeth Hale, 28, a resident of the Nashville area and referred to the assailant by female pronouns. But in response to reporters' questions the chief said, "She does identify as transgender." Whether the suspect identified a man or woman was not made clear. The Metropolitan Nashville Police Department began receiving calls at 10:13 a.m. of a shooter at the school, and arriving officers reported hearing gunfire coming from the … [Read more...] about Woman shoots dead 3 children, 3 adults at Christian school in Tennessee
Seminar set to promote Chinese investment in Vietnam’s electronics
The event aims to promote networking and collaboration between firms and highlight the investment status and current investment incentive programmes by presenting case studies from investors, notably in the electronics industry in North Vietnam. The seminar is welcoming more than 150 people, including from co-sponsors Bao Minh Industrial Park, China Mobile, Bank of China, LAUN, Core5 IP, ANDES E&C, INST, Vietinbank, CMI, and representatives of 72 Chinese electronic enterprises, such as Shenzhen Tablet Display Industry Association, Shenzhen Connector Industry Association, and Shenzhen Robot Cable Industry Association, together with typical Vietnamese investors, construction contractors, financial and legal entities. The seminar focuses on three main topics: an introduction to the North Vietnamese electronics sector, promoting investment through investment policies and environments, and case studies from current Chinese FDIs in Vietnam. Nguyen Van Kiem, general … [Read more...] about Seminar set to promote Chinese investment in Vietnam’s electronics
Vietnam Airlines resumes direct flights between Da Nang and Japan”s Narita
Japanese tourists arriving in Da Nang on the first direct flight from Narita are presented with gifts (Photo source: tuoitre.vn) Da Nang – A ceremony to welcome the first direct flight from Narita airport in Tokyo (Japan) to Da Nang after a long suspension due to the COVID-19 pandemic was held by the national carrier Vietnam Airlines in the central beach city on March 26. Deputy Director of Da Nang Department of Tourism Nguyen Xuan Binh said that Japan is considered a key market of the city’s tourism with stable growth. The locality received more than 183,000 Japanese arrivals in 2019, an increase of nearly 200% compared to 2015 (92,000 arrivals). Since Vietnam reopened to international tourism in March 2022, the city has welcomed about 27,000 Japanese visitors. The resumption of regular flights from Narita to Da Nang is expected to make a positive contribution to attracting Japanese tourists back to Da Nang and vice versa in the coming time. According to the airline, in the … [Read more...] about Vietnam Airlines resumes direct flights between Da Nang and Japan”s Narita
Vietnamese, Chinese border communities beef up cooperation
Officials from the sides poses for a group photo (Source: VNA) Ha Giang (VNA) – Four northwestern border provinces of Vietnam, namely Lao Cai, Ha Giang, Lai Chau, and Dien Bien, and China’s Yunnan province on March 27 convened the 3rd annual conference between secretaries of their provincial party committees. With Ha Giang hosting the event, Secretary of its Party Committee Dang Quoc Khanh underscored the countries’ close-knit ties and the two peoples’ long-standing traditional friendship in his opening speech. He recommended the five localities make efforts to boost mutual visits between their leaders and host exchanges between their Party units. He also suggested they maintain smooth trade at their crossings and pairs of border markets, and speed up the establishment of new border gates and upgrade existing ones. It is also important to resume their cross-border import, export, and tourism activities, he said. At the event (Photo: VNA) Informing one another about their … [Read more...] about Vietnamese, Chinese border communities beef up cooperation