The annual Wealth Report by Knight Frank said there were 1,059 "ultra-rich" people in Vietnam in 2022, up from 538 in 2017, an 82% increase. An ultra-rich person is defined by Knight Frank as someone with a net worth of at least $30 million, minus loans. By 2027, the number of ultra-rich people in Vietnam is projected to hit 1,300, a 22% increase from 2022, and a 122% increase over the span of a decade, according to the company’s report. Vietnam’s number of high-net-worth individuals, defined as those with assets worth at least $1 million, has also increased by 70% over the last five years, from 40,971 people in 2017 to 70,000 in 2022. The report projected there would be over 112,200 high-net-worth individuals in Vietnam by 2027, a 173% increase over a decade. The report said the rapidly rising number of wealthy individuals in Vietnam aligns with general trends in Asia, where similar patterns have been seen in countries like Singapore, Malaysia and Indonesia. In the … [Read more...] about Vietnam’s ‘ultra-rich’ population doubles over five years
British explorers discover 5 new caves in central vietnam vnexpress international
Vietnam Airlines increases flight frequency to Singapore
Vietnam Airlines has announced that it will increase the frequency of flights between Hanoi and Singapore from one to two flights a day on all weekdays from June 15 to meet the travel demand between the two countries. Vietnam Airlines aircraft (Photo: VNA) At the same time, the flight frequency on the Ho Chi Minh City-Singapore route is kept at three flights a day for weekdays. On this occasion, the national flag carrier is offering a special incentive programme for passengers buying tickets on all of its sales channels from agents, websites, and mobile apps. Specifically, a round-trip ticket between Hanoi and Singapore is from 5.799 million VND (246.9 USD) (including taxes and fees); and that on the Ho Chi Minh City-Singapore route is from 4.971 trillion VND (including taxes and fees). The offer is applied to passengers who buy tickets from now until December 31, 2023, and depart from June 15 to December 31. In addition, Vietnam Airlines offers one free … [Read more...] about Vietnam Airlines increases flight frequency to Singapore
Hanoi’s second metro line delayed again to 2027
In a decision issued by Prime Minister Pham Minh Chinh on Tuesday, the completion of the capital's second metro line has been pushed back five years later than previously planned. The decision was in line with a recent proposal by the Hanoi People’s Committee to postpone the project’s completion date. The total investment for the project is now over VND34.8 trillion, with VND3.9 trillion more coming from the city budget, and VND2 trillion less coming from Official Development Assistance (ODA). The committee will be responsible for the accuracy of information and statistics regarding the project, including the resolution of potential issues, the decision stated. Hanoi will also be responsible for the delay's extra costs, which will be paid for with funds from the city's 2021-2025 public investment plan. If the project fails to meet its new deadline by the end of 2025, the capital city would have to utilize other sources of funding to complete the project. In April, the … [Read more...] about Hanoi’s second metro line delayed again to 2027
Nha Trang street cleaner killed in hit-and-run
Nguyen Thi Tuyet, 55, a graveyard-shift sanitation worker for the Nha Trang Urban Environmental Company, was cleaning up trash on the Tran Phu Bridge at around 1:15 a.m. when a car hit her. Tuyet was thrown onto a nearby flower bed and died at the scene. Following the impact, the driver of the car did not stop. Witnesses said the car that hit Tuyet had five seats. Authorities found fragments of the car at the scene. Tran Van Huong, director of Tuyet’s department, said Tuyet had been with the company since 2015. The incident happened around an hour into her shift, he added. Police are analyzing nearby camera footage to find the car’s driver. An investigation is ongoing. … [Read more...] about Nha Trang street cleaner killed in hit-and-run
Vietnamese, Cambodian front organisations forge cooperation
Secretary of the Party Central Committee and President of the VFF Central Committee Do Van Chien (6th from right) receives the Cambodian delegation. (Source: VNA) Hanoi (VNA) – A delegation of the Vietnam Fatherland Front (VFF) Central Committee held talks with representatives from the National Council of the Solidarity Front for the Development of Cambodian Motherland in Hanoi on May 29. At the talks, Vice President and Secretary General of the VFF Central Committee Nguyen Thi Thu Ha affirmed the fruitful relations between the two sides, with the signing of cooperation documents. The two sides briefed each other on operations of their front organisations, and compared notes on cooperation orientations and contents in the time ahead. Nhem Valy, Permanent Vice Chairman and Secretary General of the National Council of the Solidarity for the Development of Cambodian Motherland, held that the talks will help the two front organisations better understand each other, thus helping … [Read more...] about Vietnamese, Cambodian front organisations forge cooperation
Vesak Day 2023: VFF leader visits Buddhist establishments
Vice Chairwoman of the VFF Central Committee Nguyen Thi Thu Ha visits Office 2 of the VBS Central Committee (Photo: VNA) HCM City (VNA) – Vice Chairwoman and Secretary-General of the Vietnam Fatherland Front (VFF) Central Committee Nguyen Thi Thu Ha visited and congratulated leaders of several Buddhist establishments in Ho Chi Minh City on May 26, on the occasion of Vesak Day, the 2567th birth anniversary of the Buddha. Vietnam Buddhist Sangha (VBS) Central Committee in District 3, Ha hailed the VBS for always being an active member of the VFF, making significant and effective contributions to patriotic movements and campaigns launched by the VFF, building new-style rural areas, protecting the environment, coping with climate change, and joining social welfare and charitable endeavors, with noteworthy accomplishments. VNA … [Read more...] about Vesak Day 2023: VFF leader visits Buddhist establishments
Bronze age artefacts found in Dak Nong
The Central Highlands province of Dak Nong has recently discovered numerous artefacts belonging to inhabitants dating back 3,500 years. According to the provincial Department of Culture, Sports, and Tourism, the artefacts were discovered during an excavation jointly conducted by the Dak Nong Museum and the Vietnam Institute of Archaeology in Village 12, Dak Sin Commune, Dak R’lap District early this month. Part of the artefacts found in Dak Nong (photo by My Hang) The objects include stone items such as axes, blade fragments, grinding tables, chisels and saws and around 6,300 pieces of pottery with a thickness of 0.5-0.8 cm. All of the artefacts obtained from the excavation process will be handed over to be stored at the Dak Nong Provincial Museum. The authorities of Dak Sin Commune have been urged to raise local awareness about the need to protect archaeological sites. … [Read more...] about Bronze age artefacts found in Dak Nong
T&T Group and DB Group form strategic partnership to fuel investment opportunities
A delegation from Vietnam’s T&T Group, led by chairman of the board Do Quang Hien, embarked on a visit to the headquarters of DB Group, a prominent economic powerhouse in South Korea, on May 25. Under this comprehensive accord, T&T Group and DB Group will support each other's endeavours with the shared goal of becoming leaders in Vietnam's thriving insurance sector. Additionally, the two groups have committed to jointly exploring and executing ventures across multiple other industries. Speaking at the signing ceremony, Do Vinh Quang, vice chairman of the Board of Directors and Deputy CEO of T&T Group, highlighted the shared vision of both companies to excel in Vietnam's insurance sector. Recognising the potential in other areas such as finance, asset management, IT, and real estate, Quang emphasised the importance of leveraging these strengths to achieve sustainable growth for both conglomerates. He expressed confidence, stating, “This strategic collaboration will … [Read more...] about T&T Group and DB Group form strategic partnership to fuel investment opportunities
ROBOTACON WRO 2023 organised nationwide
ROBOTACON WRO 2023 is being organised nationwide for the first time Under the theme connecting the world, the ROBOTACON WRO 2023 competition is co-organised by the Embassy of Denmark, Viet Tinh Anh JSC, and LEGO Education. This year, the teams participating in the contest will be divided into groups with tasks under various topics based on current interests from around the world, such as marine life conservation, underwater infrastructure, port automation, and others. According to the Danish ambassador Nicolai Prytz, he is very proud that the Embassy of Denmark is one of the co-organisers of ROBOTACON WRO 2023, the largest and most prestigious competition dedicated to science, technology, and education in Vietnam for students aged 6-19 years. “I believe that this will be a fantastic playground for young Vietnamese people to learn the necessary skills for the 21 st century, such as critical thinking, teamwork, problem-solving, and technology. The competition also … [Read more...] about ROBOTACON WRO 2023 organised nationwide