Phan Cong Chanh, CEO of developer Phu Vinh Group, said the real estate market will pose more risks than opportunities for investors in 2023, adding that would-be investors should save their money instead of spending it. According to Chanh, in the long term the market will benefit from rosy economic growth prospects, better legal frameworks and improved stock markets, especially the corporate bond market, But he said this would be gradual recovery that wouldn’t flourish to its full potential until 2-4 years from now. The Central Institute for Economic Management put forth two economic growth scenarios for this year. Accordingly, GDP growth will either stand at 6.47%, inflation at 4.08%, export growth at 7.21% and trade balance at $5.64 billion, or at 6.83%, 3.69%, 8.43% and $8.15 billion, respectively. With the draft amendments to the Land Law submitted to the National Assembly for potential approval in October, and amendments to other related laws such as the Law on Real Estate … [Read more...] about Should you invest in property or save your money this year?
Hand painted pottery
The Cambodian People’s Party (CPP) convenes its extraordinary congress on January 28-29. (Photo: AKP/VNA) Phnom Penh (VNA) – The Cambodian People’s Party (CPP) convened its extraordinary congress on January 28-29, during which it issued many important decisions and policies regarding the leadership work, as well as orientations for national development in the time ahead. In his opening remarks, CPP Honorary President Samdech Heng Samrin , who is also President of the National Assembly, said 2023 marks an end to the 2018-2023 mandate of the legislature and the government, and it will also be the beginning of a new five-year tenure. There will be a lot of work to do in the future, he said, stressing the need to join hands and make all-out efforts to win the 7th-term parliamentary election slated for July 23, 2023. The congress set out major strategic goals for the next five years which are based on wishes of the people and reflect the real situation, both … [Read more...] about Cambodian People’s Party sets out strategic goals for 2023-28
Many Vietnamese enterprises achieved success in 2022 after shifting to exports through e-commerce platforms, especially Amazon. The trend is expected to continue this year. Vietnam was among the top five countries with the highest e-commerce retail sale growth rates in 2022, according to a report by the U.S.’s market research company eMarketer. Impressive growth A year after beginning to sell goods on Amazon to European and American markets, ChicnChill, a Vietnamese handicraft brand, reported a growth rate of up to 700 percent. Tran Tuan Dung, CEO of ChicnChill, said he saw the start-up thrive when a majority of Vietnamese enterprises have scaled down their operations due to the impact of the COVID-19 pandemic. He and his team spent months studying the lifestyle in European and American markets and home decoration trends there, thereby determining the company’s key products and penetrating into these markets. After a year, ChicnChill’s home decoration products are … [Read more...] about Vietnamese firms earn big from Amazon
A police officer in Vietnam’s Mekong Delta province of Ben Tre was suspended for repeatedly kicking a man who was handcuffed with his hands behind his back, a source told Tuoi Tre (Youth) newspaper on Sunday. CCTV footage taken from a residence in Thanh Trieu Commune, Chau Thanh District, Ben Tre showed that the incident happened at 10:28 pm on January 20. In the video, which later surfaced on social media, a man wearing a Vietnamese police uniform kicked another man in a white shirt in the shoulder and stomach. The latter was already restrained with his hands behind his back. It was not until one of the other officers present at the scene noticed and pointed in the direction of the CCTV that the man wearing the police uniform stopped. The kicked man, who suffered ten kicks within one minute, was then led away. The Ben Tre Department of Public Security later explained that the man wearing the police uniform is captain P.V.T., a police officer of Thanh Trieu Commune, who … [Read more...] about Vietnamese policeman suspended for kicking handcuffed man
Regiment 31 yearly welcomes nearly 1,000 recruits from Southern provinces. In order to leave good impression on recruits on their first days of recruitment, the unit always cleans the barracks, re-arranges barrack rooms, upgrades areas for entertainment and gathering, and supplements other supplies for troops to live, study, and train. Lieutenant Colonel Le Van Hiep, Deputy Political Commissar of Regiment 31 said that “Before the lunar Year of the Cat 2023, the regiment was determined to organize a safe, economical, high combat readiness Tet holiday while preparing to receive new recruits and open the training session for 2023. Therefore, the regiment’s affiliated agencies and units developed plans and tasked troops in the spirit of both enjoying the Tet (lunar New Year) holiday and fulfilling assignments.” Along with fixed funding from higher levels, battalions under the regiments have deducted money from their production fund and capitalized on available materials to renew each … [Read more...] about Regiment 31 makes preparation to receive new recruits
Earlier, on January 27, trawler BD98103-TS, captained by Nguyen Huu Chau, born in 1990, from Hoai Huong ward, Hoai Nhon town, Binh Dinh province, with four crew-members had an engine failure while operating at the Southeast of Binh Hung island, Cam Ranh city, Khanh Hoa province. It sent mayday signal at 21:00 on the same day. Once receiving the information, Ship 405 of the Naval Region 4 Command rushed to the scene despite harsh weather conditions to implement a search and rescue mission. After approaching the distressed trawler, Ship 405 towed the trawler ashore and handed over it to the Ca Na Border Guard checkpoint under Phuoc Diem Border Post of the Ninh Thuan provincial Border Guard Command at 17:15 on January 28. Translated by Minh Anh … [Read more...] about Naval troops rescue trawler at sea