Led to traffic congestion

Vietnam's real estate market continues to show strong appeal to foreign investors despite global economic difficulties. The foreign direct investment (FDI) into Vietnam’s real estate market in 2022 rose by over 70% yearly to US$4.45 billion, focusing on industrial and large-scale commercial projects, according to the Ministry of Construction (MoC). Real estate projects in Hanoi. File photo The MIC’s report suggested that real estate stands second among sectors with the highest FDI attraction in 2022, which showcases “the strong appeal of the market to foreign investors amid a difficult global economic environment.” Neil MacGregor, Managing Director of Savills Vietnam, echoed this view by saying foreign investors remain attracted to Vietnam, especially in production, retail, logistics, and real estate. He expected the attention from foreign investors would help the local real estate accelerate the recovery process this year. Regarding this sentiment, HSBC … [Read more...] about FDI to Vietnam’s real estate rises by over 70% in 2022

The conference was attended by Deputy Chiefs of the General Staff Senior Lieutenant General Huynh Chien Thang, Senior Lieutenant General Phung Si Tan, Lieutenant General Nguyen Doan Anh, Lieutenant General Nguyen Van Nghia, and Major General Pham Truong Son. In the previous month, the General Staff directed its affiliated units to strictly maintain combat readiness, grasp local situations and address arising issues, contributing to firmly protecting national sovereignty. They also closely worked with relevant forces; observed all directives of of the Secretariat, the Prime Minister and the Directive of the Minister of National Defense on combat readiness and well organized activities in celebration of the lunar New Year 2023 (Tet) with absolute safety. During the Tet holiday, the General Staff extended greetings and inspected combat readiness in some military units, made good preparation for training work in 2023, mobilized troops in response to natural disasters and search and … [Read more...] about General Staff reviews task performance in January 2023

The survey showed that the overall national poverty ratio was 7.52%, with 4.03% being poor households and 3.49% being near-poor families. The highest poverty ratio based on the multi-dimensional poverty standards was in the northern midland and mountainous region, at 21.92%, followed by the Central Highlands at 15.39%, the north-central and central coastal region at 10.04%, the Mekong Delta region at 5.73%, the Red River Delta region at 2.45%, and the southeast region, 0.34%. The northern midland and mountainous region led in both ratios of poor and near-poor households (14.23% and 7.69%, respectively), while the southeast region reported the lowest ratios at 0.21% and 0.13%, respectively. The data of the survey serve a foundation for the ministry to decide poverty reduction and social welfare policies as well as other socio-economic policies in 2023. Under a government decree on the new multi-dimensional poverty standards for the 2021-2025 period, the income-based poverty … [Read more...] about Over 1.9 million households still struggle with poverty: ministry

Illustrative image (Source: VNA) Hanoi (VNA) – There remained more than 1.97 million poor and near-poor households nationwide based on the multi-dimensional poverty standards , according to a survey conducted by the Ministry of Labour, Invalids and Social Affairs ( MoLISA ) in 2022. The survey showed that the overall national poverty ratio was 7.52%, with 4.03% being poor households and 3.49% being near-poor families. The highest poverty ratio based on the multi-dimensional poverty standards has been seen in the northern midland and mountainous region, at 21.92%; followed by the Central Highlands at 15.39%; the north-central and central coastal region at 10.04%; the Mekong Delta region at 5.73%; the Red River Delta region at 2.45%, and the southeast region, 0.34%. The northern midland and mountainous region led in both ratios of poor and near-poor households (14.23% and 7.69%, respectively), while the southeast region reported the lowest ratios at 0.21% and … [Read more...] about Over 1.9 million households still struggle with poverty: Ministry

Party General Secretary Nguyen Phu Trong addresses the closing ceremony of the sixth session of the 13th Party Central Committee. (Photo: VNA) Pretoria (VNA) – General Secretary of the South African Communist Party (SACP) Solly Mapaila has expressed his impression at the achievements that Vietnam has gained under the leadership of the Communist Party of Vietnam (CPV). Talking to Vietnam News Agency (VNA) in Pretoria, Mapaila highlighted that Vietnam won the victory in the struggle for independence, putting an end to all forms of exploitation as well as hunger and poverty, and building a country of happiness and development. Vietnam has affirmed its position in the world arena, he noted, adding that at many major international forums such as the United Nations, Vietnam has gained an important position and expanded cooperation at the government level with many countries, while showing its role and progressive standpoints in international relations. Regarding the relationship … [Read more...] about South African party leader impressed by Vietnam’s achievements

Bangkok (VNA) - The Thai government has advised people to wear masks when going out and consider working from home on February 2 and 3 to avoid PM2.5 fine dust pollution, which is currently at a dangerously high level. The Thai Meteorological Department (TMD) forecasts PM2.5 levels will rise across much of the country on the two days as the fine-dust pollution accumulates in stagnant air. PM2.5 has been linked with heart and lung diseases as well as cancer. According to government spokesman Anucha Burapachaisri , Prime Minister Prayut Chan-o-cha is concerned about people’s health, especially those of vulnerable groups, and advises them to wear sanitary or N95 masks when leaving the house, and to avoid prolonged outdoor activities. The PM also urged government agencies and businesses to consider a work-from-home approach to reduce air pollution from traffic. Anucha said those with chronic health problems or respiratory symptoms should consult a doctor before doing outdoor … [Read more...] about Thailand warns of dangerous fine-dust pollution

Vincom Pham Ngoc Thach in Ha Noi. Vincom Retail (VRE) and Vincom (VIC) rose 3 per cent and 1.1 per cent, respectively, yesterday. — VNS Photo Mai Huong The VN-Index edged up slightly on Thursday despite two-thirds of shares dipping in the red, driven by the growth of heavyweight shares. On the Ho Chi Minh Stock Exchange (HoSE), the VN-Index inched up 0.15 per cent to close the day at 1,077.59 points. The northern bourse’s index decreased more than 3 per cent on Wednesday. Two-thirds of shares on the HoSE lost value, mainly small- and mid-cap shares. From the perspective of industry groups, most of the groups underperformed, except for retail (up 4.2 per cent on average) and banking (0.6 per cent). Data on vietstock.vn showed 18 out of 25 stock groups recorded losses, led by seafood processing companies (down 2.3 per cent on average), agriculture, logistics, machinery, construction and household appliances with each decreasing more than 1 per cent. Blue chips were mixed. … [Read more...] about Heavyweight shares help stop market from a fall

A construction site of Phat Dat Real Estate Development Joint Stock Company (PDR). PDR reported net revenue of VND14.6 billion (US$622,600) in the last 3 months of 2022. — VNA/VNS Photo A volatile real estate market caused revenues and profits of realty businesses to decrease sharply in the fourth quarter of 2022. Phat Dat Real Estate Development Joint Stock Company (PDR) reported net revenue of VND14.6 billion (US$622,600) in the last three months of 2022, a sharp decrease compared to the VND1.29 trillion recorded in the fourth quarter of 2021. The company suffered an after-tax loss of VND229.4 billion in Q4 of 2022, while in the same period in 2021, it reported a net profit of VND751.4 billion. This was considered Phat Dat's "failure" quarter as the company reported a loss for the first time since it announced business results. Dat Xanh Group Joint Stock Company (DXG) reported a loss of VND460 billion in the last quarter of 2022. During the period, the company's net revenue … [Read more...] about Volatile real estate market puts pressure on business results