Ho chi minh city best place to stay

Several fuel companies in An Giang Province, southern Vietnam have proposed closing gas stations due to falling profits, stoking fears of an impending fuel shortage. Though an adjustment made by the central government on Monday will fuel retailers to bring in profits of VND100-300 per liter of gasoline or oil, industry insiders fear such low commissions are not enough to keep gas stations afloat. “Gas stations can only yield enough profits to survive when they can rake in commissions of VND700-800 per liter. With current commissions, filling stations can only operate in moderation in order to retain customers, but they cannot earn profits,” said an executive from Petrolimex An Giang. “Gas stations with adequate supplies can continue to operate, but those without sufficient supplies may face a partial shortage." In Ho Chi Minh City, filling stations are facing a similar dilemma. According to the director of a filling station in the southern metropolis, the VND452 his company … [Read more...] about Gas stations in southern Vietnam on verge of shutdown amid falling profits

2In 2023, revenues of Vietnam’s e-learning market are expected to reach around $3 billion with a compound annual growth rate of about 20.2 per cent during 2019-2023, according to a report by Ken Research. Photo: doanhnhansaigon.vn Hanoi – Experts are positive about the development of Vietnam’s education technology (edtech) market in 2023 if local edtech companies can overcome post-pandemic challenges. Pham Giang Linh, managing director of Galaxy Education told the Tuoi tre (Youth) newspaper that Vietnam’s edtech market was formed in 2006 and 2007 – the first development stage of the digital economy in the country, but it only attracted wide attention in the period from 2020-2021, when demand for e-learning increased sharply due to the COVID-19 pandemic. In 2022, Vietnam saw the establishment of more than 100 edtech startups which strongly attracted capital from foreign investors, he said, citing examples like Topica, ELSA, ColderSchool, Edmicro, Vuihoc, and Educa, which … [Read more...] about 2023 – Time for edtech to thrive in Vietnam

In 2023, revenues of Vietnam’s e-learning market are expected to reach around 3 billion USD with a compound annual growth rate of about 20.2% during 2019-2023, according to a report by Ken Research (Photo: doanhnhansaigon.vn) Hanoi (VNA) – Experts are positive about the development of Vietnam’s education technology (Edtech) market in 2023 if local Edtech companies can overcome post-pandemic challenges. Pham Giang Linh, managing director of Galaxy Education told the Tuoi tre (Youth) newspaper that Vietnam’s Edtech market was formed in 2006 and 2007 – the first development stage of the digital economy in the country, but it only attracted wide attention in the period from 2020-2021, when demand for e-learning increased sharply due to the COVID-19 pandemic. In 2022, Vietnam saw the establishment of more than 100 Edtech startups which strongly attracted capital from foreign investors, he said, citing examples like Topica, ELSA, ColderSchool, Edmicro, Vuihoc, and Educa, … [Read more...] about 2023 – Time for Edtech to thrive in Vietnam

The owner of a hotel in Da Lat, a tourist city in the Central Highlands province of Lam Dong, was fined VND4 million (US$172) on Wednesday for refusing and discriminating against a tourist. The People’s Committee of Da Lat City issued the fine against N.T.K.T., 57, director of Dream Flower Hotel Co. Ltd., the operator of Dream Flower Hotel on An Binh Street in Ward 3. She also got another VND4 million fine for failing to register the hotel before its opening. The female tourist who filed the complaint had traveled to Da Lat from Ho Chi Minh City during the Lunar New Year, or Tet, and had paid the cost of the room in advance. However, when she arrived at the Dream Flower Hotel, T. refused to check her in and said discriminating words to her. Getting frustrated with T.’s attitude, the tourist shared the horrible experience on social media. Le Anh Kiet, head of the Culture-Information Division of Da Lat City, said he had apologized to the tourist on behalf of the Da Lat … [Read more...] about Hotelier in Vietnam’s Da Lat fined for offending tourist

It is one of the ancient citadel's Spring Festival activities, not only to welcome the new season but also the new year. It's also an activity to pay tribute to Vietnamese people’s ancestors, who expanded the country southward, with the historic marriage of Princess Huyen Tran to the then King of Champa. Phan Thanh Hai, Director of Thua Thien Hue province’s Department of Culture and Sport, said that Princess Huyen Tran, along with the then King Tran Nhan Tong were the essential driving force to the establishment of the long stretch of land of Thuan Hoa - Phu Xuan - Thua Thien Hue. She was revered by people, having fulfilled both her duties to the country and being kind to the common people. Princess Huyen Tran put her country first, and her love second. She obeyed her father King Tran Nhan Tong, and his elder brother Tran Anh Tong to wed the King of Champa, so as to establish peaceful ties with the southern neighbor back in the 14th century. The King of Champa offered the then … [Read more...] about Provinces organize activities to lure tourists over Tet holiday

The city currently only uses the BOT method to build new road projects. As proposed by the Transport Department to the Department of Planning and Investment, the BOT method will be applied to renovate three highway sections. The projects include the VND12.2-trillion (US$523.67-million) expansion of National Highway 13 in Thu Duc City from 19 meters wide to 40-60 meters wide, a VND12.9-trillion project to enlarge National Highway 1 that links the city with the Mekong Delta from 19 to 52 meters wide, and a VND1.2 trillion project to upgrade National Highway 22 near its northwestern gateway to the industrial hub of Binh Duong Province. Aside from those highways, the Transport Department proposed applying the BOT method to lengthening the East-West Boulevard in Thu Duc City by 9.7 kilometers at a cost of VND13.837 trillion, enlarging a 27-kilometer-long route linking Tan Binh District with Hiep Phuoc Industrial Park in Nha Be District at VND54.2 trillion and expanding a … [Read more...] about HCMC wants private investors to renovate road traffic system

Throughout 2022, the brokerage revenue of 10 leading securities firms on the Ho Chi Minh City Stock Exchange (HSX) saw a 19.4 per cent plunge compared to one year ago. VPS, which secures the number-one position for brokerage services in the market, saw its slice sink to 14.81 per cent in the last quarter of 2022, down from 18.71 per cent in the third quarter and 17.12 per cent in the same period of 2021. For the whole of 2022, VPS’s revenue from brokerage services shed more than 9 per cent on-year. The stock market saw great volatility in Q4 last year Meanwhile, the brokerage revenue of SSI, which ranks second among top performers in stock transaction value, took a dip of nearly 60 per cent in Q4 last year alone and witnessed a 32.2 per cent plunge over the whole of 2022. The company’s market slice slipped from 11.05 to 9.84 per cent. This does not only affect the two top performers, the brokerage revenue of most other securities firms fell amidst an … [Read more...] about Competition heats up among stock brokers

Hanoi (VNA) - The following is a list of selected news summaries last night by the Vietnam News Agency. - General Secretary of the Communist Party of China Central Committee and President of China Xi Jinping has sent a letter to General Secretary of the Communist Party of Vietnam Central Committee Nguyen Phu Trong to thank him for cabling a message of condolences over the passing of comrade Jiang Zemin. Read full story - State budget collection from export-import activities in January topped 24.8 trillion VND (1.07 billion USD), or 5.8% of the estimate, down 42.3% annually, reported the General Department of Vietnam Customs (GDVC). Read full story - The State Treasury has announced that it plans to raise 400 trillion VND (over 17 billion USD) worth of Government bonds via auctions on the Hanoi Stock Exchange (HNX) this year. Read full story - There were 2,536 newly-established businesses in Ho Chi Minh City in January with a total newly registered capital of over 17.9 … [Read more...] about ☀️ Morning digest February 2

Google 's homepage on February 1. (Photo: Google) Hanoi (VNA) - The world’s most popular search engine Google paid tribute to Suong Nguyet Anh , the first female editor of the first women’s newspaper in Vietnam by posting a drawing of her on its homepage on February 1. On this day in 1918, the first publication of “Nu Gioi Chung” (Women's Bell) newspaper, where Nguyet Anh was editor in chief, was published. The drawing of Nguyet Anh on Google Doodle was illustrated by Hanoi-based guest artist Camelia Pham. In honour of one of her most popular poems based around apricot blossoms, the Doodle artwork incorporates apricot blossoms and an apricot colour palette. Nguyet Anh was born on March 8, 1864, in An Binh Dong village of southern Ben Tre province. She became the country’s first female editor in chief when she started writing for “Nu Gioi Chung” newspaper in Saigon under the pen name Suong Nguyet Anh, meaning Widowed Nguyet Anh. Many of the newspaper’s issues … [Read more...] about Google Doodle honours first female Vietnamese newspaper editor Suong Nguyet Anh