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Leading property portal Batdongsan.com reported a 8-9 percent decline year-on-year in the number of searches for land and houses on its platform last month. The land market segment slowed down, with no transactions recorded last month, according to consultancy DKRA Vietnam. Insiders attributed the slump to a surge in prices driven by HCMC’s outlying districts’ plans to develop into cities within a city and limited supply after some localities stopped granting permission for land subdivision. The gloomy outlook also haunted the city’s apartment market, with sales plunging by 68 percent from the previous quarter to 1,385 units in the first three months, the lowest in a year. Meanwhile, an increasing number of investors decided to sell off their apartments due to financial distress after interest incentives expired, a VnExpress survey in early May found. But demand was gloomy over credit tightening, rising interest rates and high prices despite developers’ efforts to stimulate … [Read more...] about HCMC real estate market gloomy in Q2

DigiSpark aims to inspire and mobilise all employees to build the future-fit digital capabilities that we need to be successful in driving the company’s growth and people’s development in a fully digitised world. The event will feature our leaders talking about the vital role digital is playing in Unilever’s future and our strategic priorities. Providing a further perspective, external speakers will cover digital trends that are impacting our business. This is an opportunity for everyone at Unilever to learn more about the future of work and how to get future-fit with our One Unilever digital upskilling programme. The DigiSpark event is a part of Unilever’s digital transformation programme, Digital 4 Growth, which began in 2021 and continues to accelerate the company’s strategic choices this year. The key deliverables are to: Implement Digital Marketing and Commerce Hub’s globally, enabling faster and more effective digital asset creation and deployment to … [Read more...] about DigiSpark: Your window to our digital world

Heavy downpours submerged multiple places in northern Vietnam on Monday morning, with Vinh Yen City in Vinh Phuc Province suffering the most serious flooding. Rainfall ranging from 70 to 190 millimeters battered many provinces in the region early on Monday morning, the National Center for Hydro-meteorological Forecasting reported. In Vinh Yen City, Vinh Phu Province, a torrential rain resulted in severe inundation in various locations. Such major streets as Nguyen Tat Thanh and Me Linh were flooded, leaving traffic paralyzed on many sections. The situation posed countless difficulties for commuters, especially motorcyclists. Many people had to push their motorbikes along the flooded roads after the vehicles broke down. The premises of a building are flooded in Vinh Yen City, Vinh Phuc Province, Vietnam, May 23, 2022. Photo: Ha Dong / Tuoi Tre In Hanoi, serious flooding was recorded on Thang Long Avenue and Le Trong Tan Street, as well as at Bao Son … [Read more...] about Downpours submerge multiple locations in northern Vietnam

An employee at Unilever Vietnam factory. Unilever Vietnam’s factories have a team of engineers who can self-design and programme new smart automatic systems and 100 per cent of technical staff have system maintenance capabilities.— Photo Unilever Vietnam Digital is a crucial enabler at Unilever and will accelerate its journey towards a purpose-led, future-fit organisation. With that goal in mind, Unilever announced it would launch DigiSpark, its new company-wide event on 'all things digital' next June. DigiSpark aims to inspire and mobilise all employees to build the future-fit digital capabilities that is needed to successfully drive the company’s growth and people’s development in an entirely digitised world. The event will see leaders talking about the vital role of digital in Unilever’s future and its strategic priorities. Providing a different perspective, external speakers will cover digital trends impacting the business. The DigiSpark event is a part of Unilever’s … [Read more...] about Unilever to launch first company-wide event on ‘all things digital’

Deputy Prime Minister Le Van Thanh addresses the 15th NA's third session on May 23. (Photo: VNA) Hanoi (VNA) – The targets set for 2022, including the growth target of 6-6.5 percent, remain a huge challenge given the domestic and international situation, Deputy Prime Minister Le Van Thanh said at the third session of the 15th National Assembly in Hanoi on May 23. The Deputy PM reported that the macro economy has been maintained, major economic balances ensured, and inflation brought under control, with the consumer price index ( CPI ) in the first four months of this year up 2.1 percent. The monetary market and interest rates have also remained stable, he said, adding that the credit balance by the end of April has increased by 7.18 percent compared to late 2021. In the four-month period, State budget revenue hit 657.4 trillion VND (28.37 billion USD), equivalent to 46.6 percent of the estimate and up 15.4 percent year-on-year. Export turnover reached 122.4 … [Read more...] about Growth target of 6.5 percent remains big challenge: Deputy PM

Inside a factory of PetroVietnam Ca Mau Fertiliser JSC (DCM). DCM's net revenue reached VND4.07 trillion in Q1, 2 times higher than the same period last year. — VNA/VNS Photo Huynh Anh The fertiliser industry's gross profit margin may decrease after peaking in the first quarter of 2022, but the fertiliser sector still sees positive prospects in the near future, thanks to export growth. According to KIS Vietnam Securities Joint Stock Company (KIS), the revenue of the fertiliser industry in the first quarter of 2022 reached VND30.93 trillion (US$1.3 billion), up 71.2 per cent over the same period last year, while profit after tax reached VND6.8 trillion, 7.9 times higher than the previous year. Leaders in the growth of profit after tax in the first quarter of 2022 are Petrovietnam Fertiliser & Chemicals Corporation (DPM) and PetroVietnam Ca Mau Fertiliser JSC (DCM). Petrovietnam Fertiliser & Chemicals Corporation (DPM) reported a profit after tax of VND2.12 trillion, up … [Read more...] about Fertiliser industry’s gross profit margin may decrease after peaking in Q1

Local farmers process raw rattan furniture and craft businesses nationwide. Some bankable projects have been developing in Quảng Nam Province in creating sustainable development and value chain for rattan. Photo courtesy of Lục Đông company Công Thành Since starting a rattan and bamboo processing business in 2008, Trần Trung Hiếu has built a sustainable value chain for providing environment-friendly materials for crafts production by growing 152ha of rattan forest in the disadvantaged Nam Giang and Tây Giang districts in the central Quảng Nam Province in 2019-20. Hiếu, who is deputy director of Lục Đông company which specialises in processing rattan for furniture and crafts enterprises nationwide, said he had been cooperating with local ethnic groups in the two districts in building a sustainable chain of rattan that improved income for local people and protected biodiversity from exploitation. In 2019, Hiếu, with the technical assistance of WWF-Việt Nam, developed a … [Read more...] about Bankable projects offer sustainable development for local people

Inside one of the country's biggest rice warehouses Ms. Tran Le Dung, First Secretary in charge of the Vietnam Trade Office in Malaysia, said that soil in Malaysia is not suitable for rice cultivation; thus, the country's agriculture focuses on oil palm and rubber trees while its rice self-sufficiency can only meet about 60 percent of domestic demand. Therefore, every year Malaysia has to import from 900,000 to 1 million tons of rice  to meet domestic demand and its reserve. The country often imports long white rice, which is very popularly grown in Vietnam. However, it is not easy for Vietnamese enterprises to export rice to this market. The Malaysian government has assigned Padiberasnasional Berhad Group (Bernas Berhad) to be the exclusive importer of the long white rice to meet the domestic demand. Accordingly, Vietnamese export companies that want to export rice there must sign a contract with Bernas Berhad. Currently, the Vietnam Southern Food Corporation is signing … [Read more...] about Vietnamese rice grain struggling to find position in rice export

Authorities in Ho Chi Minh City have approved a plan to restore a roundabout that was demolished eight years ago in the center of District 1 for the construction of a metro station system . News of its comeback was lauded by longtime citizens who cherish the city’s traditions. ‘The Willow Roundabout,’ named for the willow trees planted around the roundabout’s fountain in the past, sat at the intersection of Nguyen Hue Pedestrian Street and Le Loi Street in the heart of the southern city. Memories of old Saigon According to feng shui, a road should not lead to a building’s main entrance, hence the roundabout, which lay in front of the People’s Committee edifice, was thought to prevent bad luck. Those who believe in feng shui also reckon that the trees and water featured in the roundabout could facilitate air circulation and purification. A 1880 urban map of Saigon features the Charner-Bonard roundabout and its fountain. Not everyone wants to see the … [Read more...] about Historic roundabout ready for restoration in downtown Ho Chi Minh City