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The city is keen to avoid any Covid-19 impacts that could derail its plan for socio-economic recovery for this year. The Hanoi People's Committee has urged local agencies to remain vigilant against the Covid-19 pandemic and accelerate the disbursement of public funds, seen as a key task for socio-economic recovery for the rest of the year. Electronics production at Rhythm Precision Vietnam, Soc Son District, Hanoi. Photo: Pham Hung Among the key tasks, the city would focus on the Covid-19 vaccine roll-out by providing boosters for eligible people, including the completion of vaccination for children aged 5-12 before September 2022, noted the municipal People’s Committee in a directive. The city’s authorities reiterated public investment is a key task for economic development and considered pubic fund disbursement a key criterion to evaluate the performance of each agency, department, and unit by year-end, especially leaders and senior officials. “Efforts … [Read more...] about Hanoi boosts socio-economic growth, but remains vigilant against Covid-19

According to economic expert Can Van Luc, there are many factors that positively affect the real estate market including the relatively good economic recovery, the acceleration of the program of socio-economic recovery and development 2022-2023, and public investment. In addition, legal issues have been and are being resolved while interest rates and basic exchange rates were stable despite strong upward pressure. In particular, the credit market is having bright spots. From now until the end of the year, there will still be a new credit wave for good property projects and by 2023 there will be a new credit room. However, challenges still remain because the economic recovery is not sustainable and the supply is not immediately abundant whereas the prices of energy and raw materials also increased. The Government and responsible agencies have been tightening management of the corporate bond market. Regarding specific developments in the market, a representative of CBRE Group … [Read more...] about Experts forecast real estate market for next year

When Vu Ngoc Minh Ha and her husband leave home in Tay Ho District at 7 a.m. for work, they take their samoyed dog named Xe Dap (Bicycle) with them and drop him off at a doggy day care on nearby Dang Thai Mai Street. They pick him up on their way home in the evening. For the past three years Ha, 27, has been entrusting Xe Dap to the center from Monday to Friday every week. "We don't want to leave our dog at home alone because we are afraid he will be lonely without anyone to play with or destroy furniture," she says. While the monthly fee is high enough at VND4 million, the couple pay extra for him to be fed extra meals and given spa treatments and other services. They typically spend VND10-12 million (US$427-512.89) on the animal each month. Bicycle (white with a red scarf) plays with other dogs at a dog day care on Dang Thai Mai Street in Hanoi's Tay Ho district in early 2022. Photo courtesy of Ha Day care services for pets work similarly to children’s … [Read more...] about Hanoians happy to spend big bucks on pet day care

An overview of the conference. — VNA/VNS Photo More than 100 businesses and 43 investors of industrial clusters and nearly 20 commercial banks participated in a conference to connect local firms in Ha Noi with commercial banks and the Ha Noi Development Investment Fund (HANIF). The event, launched on August 15, was jointly held by the city's Department of Industry and Trade, the Ha Noi Branch of the State Bank of Vietnam, and the Ha Noi Association of Main Industrial Products (HAMI). Addressing the event, Tran Thi Lan Phuong, Acting Director of the Ha Noi Department of Industry and Trade, said that the conference aimed to provide a chance for banks and investment funds to introduce soft loans and support programmes to businesses, helping them overcome difficulties and develop. In order to launch infrastructure projects in industrial parks and clusters in the city, the Ha Noi Department of Industry and Trade suggested that businesses should coordinate closely with credit … [Read more...] about Ha Noi connects commercial banks with local businesses

Illustrative image. (Photo: SGGP) In mid-August, preparation activities for the new school year contributed to an increase in the consumer price index (CPI) in the third quarter, helping to keep a strong and stable growth in the service and retail sales sectors of Ho Chi Minh City. The policy of not increasing hospital fees and tuitions until the end of 2022, even becoming a pioneer in supporting and implementing the proposal of the Ministry of Education and Training in exempting and reducing tuitions, is an important orientation. On the one hand, the city strives to achieve the key goal of stabilizing the CPI. On the other hand, it strengthens the price stabilization of goods for the new school year and essential items of the food and foodstuff group as a practical move to share the burden with people and parents. The total retail sales of consumer goods and services in the city in July increased by 1.4 percent compared to the previous month and 139.8 percent compared to the … [Read more...] about HCMC with upward, downward trends

Illustrative image (Photo: Airbus) Kuala Lumpur (VNA) - Malaysia Aviation Group , parent company of Malaysia Airlines , has signed a provisional agreement to acquire 20 Airbus A330neos to replace its ageing fleet of A330 widebody jets, in a deal that also involves aircraft leasing company Avolon . The airline will buy 10 of the planes from Airbus and then execute a sale-and-leaseback deal with Avolon, with the other 10 leased directly from Avolon, the carrier announced on August 15. The planes, which will have Rolls-Royce engines, are scheduled to be delivered from the third quarter of 2024 through 2028, the airline said. The A330neo is the new generation version of the popular A330 widebody. Incorporating the latest generation engines, a new wing and a range of aerodynamic innovations, the aircraft offers 25% reduction in fuel consumption and CO2 emissions./. VNA … [Read more...] about Malaysia Airlines to buy 20 A330neos