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While there are many young workers in cities who are working hard to own a house, there are also some people who have decided to give up this dream for certain reasons. Giving up a mental burden Huynh Anh Tuan, a city dweller of Phu Huu District in Thu Duc City, Ho Chi Minh City, who suffered from a sharp drop in income during the COVID -19 pandemic, decided not to pursue his dream of owning a home. When he gave up on the plan, he felt relaxed after the great pressure was gone. Tuan set a goal many years ago to own his own home before he turned 30. To that end, Tuan took on many freelance jobs after graduating from college and invested a small amount in stocks. In addition, an acquaintance promised to lend him VND500 million ($21,650) if he bought a house, which fueled his strategy over time, at least before the pandemic. Although he had such an ambitious plan, now, at the age of 28, Huynh Anh Tuan is changing his mind because of COVID -19. As a freelancer, Tuan has … [Read more...] about “To buy or not to buy a house” an important question

The direct power purchase agreement is expected to promote renewable energy development in Viet Nam. — Photo vnbussiness.vn Big customers could buy electricity directly from the generators in a pilot programme to develop a mechanism for a direct power purchase agreement (DPPA). This was a highlight in a recent draft Prime Minister’s decision about the direct power purchase mechanism between renewable energy generators and big customers, which was raised for public comment. Under the draft, the total capacity of power plants to join in the pilot programme would be less than 1,000MW. The e-portal for registration would be opened for 30 working days to receive application files. After that, the Ministry of Industry and Trade would announce the pilot mechanism within 15 working days and the list of generators and customers to join the pilot programme within 30 working days. Power generators and customers could negotiate and sign contracts, including the completion of … [Read more...] about Big customers to buy electricity directly from generators

President of Greece Katerina Sakellaropoulou visited the famous Old Quarter in Hanoi and bought local souvenirs on Tuesday evening, as part of her ongoing official visit to Vietnam from May 15 to 19. Vehicles were banned from Hang Gai Street and nearby roads in the Old Quarter during this period, while police officers were mobilized to ensure order and safety. After taking a stroll along Hang Gai Street, President Sakellaropoulou entered a shop selling traditional products and purchased some souvenirs including embroidered bags and lacquer trays. The delegation of Greek President Katerina Sakellaropoulou has a walk along Hang Gai Street in the Old Quarter in Hanoi, May 17, 2022. Photo: Hong Hanh / Tuoi Tre The Greek leader was scheduled to leave Hanoi on Wednesday morning and visit Ho Chi Minh City until Thursday. Within the framework of her five-day official visit, President Sakellaropoulou joined talks with Vietnamese State President Nguyen Xuan Phuc and … [Read more...] about Greek president buys souvenirs at Hanoi’s Old Quarter

Pfizer's Covid-19 vaccine (Photo: AFP/VNA) In a resolution, the Government agreed with the Prime Minister’s approval to choose contractors in buying 19,998,810 doses of the vaccine in line with conditions stated in its decision issued in May. The Ministry of Health will be responsible for the purchase of the vaccine as soon as possible in an effort to meet the need in Covid-19 prevention and control. Since February, Vietnam has received more than 16 million doses of Covid-19 vaccines. Of them, over 8.68 million doses were from the COVAX Facility. TAG : Pfizer’s Covid-19 vaccine Covid-19 vaccine BNT162 COVAX Facility … [Read more...] about Government agrees to buy nearly 20 million doses of Pfizer’s Covid-19 vaccine

The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 23,160 VND/USD on May 17. (Photo: VNA) Hanoi (VNA) – The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 23,160 VND/USD on May 17, unchanged from the previous day. With the current trading band of  +/-3 percent, the ceiling rate applicable to commercial banks during the day is 23,854 VND/USD and the floor rate 22,454 VND/USD. The opening-hour rates at some commercial banks rose. At 8:27 am, BIDV added 10 VND to both rates, listing the buying rate at 22,960 VND/USD and the selling rate at 23,240 VND/USD. Meanwhile, Vietcombank also adjusted both rates up by 10 VND, listing at 22,930 VND/USD (buying) and 23,240 VND/USD (selling)./. VNA … [Read more...] about Reference exchange rate kept unchanged on May 17

Workers processing seafood at a Vinh Hoan factory. VHC was among stocks lifting indices yesterday.-Photo seafood.vasep.com.vn On the Ho Chi Minh Stock Exchange (HoSE), the VN-Index started off the afternoon session with an inverse head and shoulders pattern but later broke the neckline to reach 1,233.38 points, up 14.57 points, or 1.2 per cent. The market’s breadth was positive with advancers outnumbering decliners by 223 to 211. Notably, three stocks hit floor prices whereas six hit ceiling prices. The market’s liquidity was low with only 479 million shares traded on the southern bourse, equivalent to VND12 trillion (US$520 million). The 30 biggest stock tracker VN30-Index rose by 17.36 points, or 1.38 per cent, to end at 1,272.71 points. In the basket, 26 stocks climbed while four slid. Masan Group (MSN) continued to lead the market rally with a gain of 4.31 per cent. Other major stocks behind the pick-up included Vietcombank (VCB), Vietnam Dairy Products (VNM), … [Read more...] about Market ends bullish on strong buying forces

Easing weeks of punishing restrictions in the commercial hub would bring relief to China's battered economy, although there is growing concern that Beijing may yet take a similar course of action if it fails to get a nascent outbreak under control. Shanghai's deputy mayor, Wu Qing, said the city of 25 million aims to eliminate Covid outside of quarantined zones within the next week or so. After that, the city's lockdown will be "lifted in batches", with shops opened and traffic restictions eased, he said in the announcement which confirmed a Reuters story from Sunday. The vast majority of Shanghai's more than 2,000 new cases are in areas already under the tightest controls, while those found in the relatively freer communities are the ones most closely watched for clues as to where Shanghai's outbreak is heading. The number of such cases rose to four on May 12, up from two the previous day. Last week, some of Shanghai's residents were allowed outside their housing compounds … [Read more...] about Shanghai aims to defeat Covid over next week as Beijing hunkers down

For-sales signs put up along a road in a district in Tay Ninh Province. Industry experts have voiced concern over the recent land fever as a result of the pandemic. —VNA/VNS Photo Authorities in Ha Noi halted processing on all land partition applications of agricultural land or made up of agricultural areas and non-residential land in a move joined by other localities across the country to combat real-estate speculation and hoarding. The move was announced in a recent memo by the capital city's authority to the Department of Natural Resources and Environment. Last week, the Vietnam News Agency reported a large number of land partition applications were received by southern Tay Ninh Province's Department of Natural Resources and Environment. A majority of the applications were for Hoa Thanh and Trang Bang townships as well as border districts such as Ben Cau, Tan Chau and Duong Minh Chau. According to local sources, a hectare of land in the areas is typically purchased at … [Read more...] about Localities clamp down on land hoarding and speculation

Farmers harvest clams in Bến Tre Province’s Bình Đại District. — VNA/VNS Photo Công Trí BẾN TRE — The Cửu Long (Mekong) Delta province of Bến Tre is expanding farming of some key fisheries products for both domestic consumption and exports. They include black tiger shrimps, white-legged shrimps, clams, river giant prawns, and tra fish. Nguyễn Minh Cảnh, deputy chairman of the province People’s Committee, said advanced breeding techniques would be used to increase yield, output and quality. They would also help adapt to climate change and protect the environment, he said. The province would develop linkages between small fisheries breeding establishments to create large breeding areas and also link them with businesses to ensure supply of inputs and outlets for their harvests, he said. Trần Văn Hùng, who has a four-hectare industrial shrimp farm in Bình Đại District’s Định Trung Commune, said he uses advanced breeding techniques and quality shrimp breed stock, buys feed … [Read more...] about Bến Tre expands farming of key aquaculture species

Le Thi Bao Tran, a young white-collar worker in Ho Chi Minh City, has spent the past eight years moving between rented rooms, doing her best to save up enough money to purchase a home of her own. Like other young, white-collar workers who have moved to Ho Chi Minh City to pursue their careers, Tran hopes to eventually purchase a home in the city, but the rising cost of real estate has kept that dream out of reach. A lifelong dream Tran spent her college years moving between rental apartments in Binh Thanh District. At one point, she shared a tiny 10-square-meter apartment with a friend for just VND1.1 million ($47) per month, including utilities. During the dry season, the apartment would heat up like an oven, and the putrid smell from a nearby garbage dump would waft through the windows. "If you closed the door, you could hardly breathe. If you opened the door, you still couldn’t breathe because of the horrible smell," she shared. Things were not much better in the … [Read more...] about Young Vietnamese turn to mortgages, installment plans to secure dream homes