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Customers still heavily lean towards traditional processes when it comes to researching property, Le Toan PropertyGuru, the owner of batdongsan.com.vn, has been in difficulties in Vietnam with a sharp decrease in turnover. In its first quarter result released on May 23, Vietnam marketplace revenue decreased 34 per cent on-year to $2.4 million, as government actions to tighten credit continued to impact the overall number of listings in the market. “The number of listings was down 32 per cent to 1.1 million in the first quarter compared to the prior quarter. The average revenue per listing was in-line with the first quarter of 2022,” the company said. PropertyGuru operates in the three markets of Singapore, Malaysia, and Vietnam. Only the Vietnam market saw a loss in the first quarter. Hari V. Krishnan, PropertyGuru CEO and managing director, said that the company’s overall first-quarter results were a successful start to 2023 as its performance in Singapore and Malaysia … [Read more...] about Some way to go for proptech to hit home

Many cities have seized the opportunity to launch initiatives like Photo Hanoi'23 to promote the growth of culture and arts and to establish themselves as popular tourist destinations. More than 200 articles and programs have been published about the International Biennale Photo Hanoi'23. Over 170,000 visitors have participated in exhibitions and other activities. Social media posts have been viewed nearly 5 million times on PhotoHanoi networks alone, and 5,100 posts with #photohanoi hashtags have been sent on social media: Facebook, Instagram and Tiktok. These are the statistics announced by the French Ambassador to Vietnam, Nicolas Warnery, confirming the success of the first Photo Hanoi'23. Chance to explore local photography The French Ambassador expressed his pleasure at the warm reception Photo Hanoi'23 received from the community. He affirmed that the event contributes to the professionalization of the entire creative ecosystem and promotes the capital's economic … [Read more...] about Photo Hanoi’23 drives capital’s culture and art development

The EMV Open-Loop payment system allows passengers to conveniently use their existing bank cards or e-wallets to pay for bus fares, eliminating the need for cash or specialised cards or tickets designed solely for the bus system. This flexible and modern payment method meets the demands of both the residents and tourists who use public bus services in Ho Chi Minh City. It has already been successfully implemented in numerous countries worldwide, including the United Kingdom, Singapore, Australia, and the United States. Since 2019, Vietbank has been conducting a pilot project for automated payment on public buses with the authorisation of the Ho Chi Minh City People's Committee. In collaboration with Vidiva Technology JSC and Mastercard, Vietbank is aiming to revolutionise the commuting experience for the cities' residents. The project will be implemented without utilising state funds, and the participating parties anticipate that it will incentivise passengers to use public … [Read more...] about Vietbank to revolutionise Ho Chi Minh City bus payments

Two waste-to-energy projects in Ho Chi Minh City have yet to be completed although work on them started in 2019 and they were expected to treat thousands of metric tons of garbage starting in 2020. The projects are funded by Vietstar Joint Stock Company and Tam Sinh Nghia Investment - Development Joint Stock Company in the Tay Bac Solid Waste Treatment Complex in Cu Chi District. The waste volume in the city increases annually, while burying waste is out-of-date and causes environmental pollution. As a result, Ho Chi Minh City needs to accelerate and put into operation waste-to-energy projects. Vietstar Joint Stock Company has completed the installation and operation of three waste sorting lines, constructed a 27-meter-wide road leading to the plant, leveled a construction site measuring 45,000 square meters, and signed contracts and made deposits for main equipment imports, Ngo Nhu Hung Viet, general director of the company, told Tuoi Tre (Youth) newspaper. However, the … [Read more...] about 2 waste-to-energy projects in Ho Chi Minh City at standstill after 4 years

The carrier conducted a survey of the conditions for take-off and landing on the route and opened a flight training course for seaplane pilots in Co To district on June 1. Nguyen Ba Hai, a seaplane captain from the company, said the opening of the route will cut the time travelling from Ha Long city to Co To island to 20 minutes from the current 90 minutes. Cessna Caravan aircraft will be used on the route, Hai said, adding that Hai Au airline has ten-year experience of operating in the Ha Long Bay area with a 100% safe flight rate. In the first five months of this year, Co To district hosted 72,000 visitors. In May alone, the figure was nearly 39,000, including 1,118 foreigners. Source: VNA … [Read more...] about Quang Ninh: Tuan Chau – Ha Long commercial flights to be operated in July

Vice President Vo Thi Anh Xuan and delegates who are taking part in the Sunflower Summer Camp 2023. (Photo: VNA) Hanoi (VNA) – Vice President Vo Thi Anh Xuan on June 7 met with delegates who are taking part in the Sunflower Summer Camp 2023. The Party and State always pay attention and create the best condition for children, perfect guidelines and policies, and take practical actions in child care, education and protection, she said. The Vice President praised the Vietnam Women’s Union (VWU) for taking care of women and children, especially the humanitarian "adoptive mothers" programme, emphasising that after nearly two years of implementation, it has really become a fulcrum to spread the love for orphans across the country. Xuan requested the VWU to continue maintaining the operation and sustainability of the programme, along with raising society's awareness and actions on child care and protection. In the coming time, it is necessary for the union to study and … [Read more...] about Vice President meets with delegates to Sunflower Summer Camp

According to the Trade Remedies Authority of Vietnam (TRAV), the MoIT issued Decision No. 1327/QD-BCT to extend the deadline for issuing a decision to investigate the case file and associated information on June 5. The extension is for a further thirty days and should be sufficient for the submission of a ruling following an investigation into implementing anti-dumping regulations for imported prestressed steel cable products by July 5. Article 70, clause 2, of the Law on Foreign Trade Management states, "Within 45 days of the date of notification of valid dossiers, based on the recommendations of the investigating bodies. The MoIT Minister decides whether to conduct an investigation or not. In exceptional circumstances, the decision-making period may be extended once for no more than 30 days." TRAV obtained a dossier from an enterprise representing the domestic manufacturing industry on April 7 requesting an investigation into the application of anti-dumping measures on … [Read more...] about MoIT extends deadline for steel cable antidumping ruling

The continuing intense heat and effects of El Niño have increased the demand for electricity in many parts of the country. Due to a dearth of precipitation in the north, water levels in hydropower reservoirs are unusually low, which has had a significant impact on electricity supply. The MoIT is to implement the PM's directive to increase electricity conservation over the 2023–2025 period and subsequent years by concentrating on practical and effective solutions. These are to be to submitted to the PM for approval by June 8. For wind and solar power projects that have been constructed but do not yet satisfy the requirement for employing the feed-in tariff mechanism, it will be necessary to study and advise their handling according to the level of competence in which they are run. It will also be necessary to evaluate the legal framework governing electricity to provide guidance for investment in the power grid. The promotion of public-private partnerships is seen as essential by … [Read more...] about Prime Minister seeks electricity supply guarantees

Crypto assets, such as bitcoin , have little direct regulation globally, but regulators are taking a closer look after the downfall of FTX last year, which left millions of investors nursing losses totaling billions of dollars, some of them in Britain. The Financial Conduct Authority (FCA) said "refer a friend" bonuses for crypto buyers would also be scrapped and that those promoting such assets would have to put in place clear risk warnings and ensure adverts were clear, fair and not misleading. The new crypto rules, which are similar to those imposed by the FCA last year to tackle advertising for high-risk investment in mainstream finance, come as Britain plans to regulate crypto assets under a new financial services law this year. "It is up to people to decide whether they buy crypto. But research shows many regret making a hasty decision," said Sheldon Mills, executive director at the FCA's consumers and competition division. "Consumers should still be aware that crypto … [Read more...] about UK to curb crypto advertising with ‘cooling off’ periods, risk warnings

Linh, Dung, and their first daughter in 2020. Photo from Linh's Facebook Linh gained attention with a Facebook post on Tuesday, which said: "My daughters, I’m sorry for not being able to provide you a complete life." "I have had enough the past four years, from now on, let us mother-and-daughter take care of each other till the end of our lives. He has never deserved to be called a father." The same evening, Dung responded to the post, clarifying that Linh’s Facebook account was hacked and she did not write the post. He said that he and Linh were good and they were asking authorities to support them in finding the hacker’s identity This is not the first time Dung has got in trouble because of his wife’s posts on social media. In 2020, Linh implied Dung was "inconsiderate" and called herself "a single mother." Dung then explained that Linh was just "being a little bit upset." Dung, 28, plays as a center back for the Vietnam national team and Viettel FC in the top … [Read more...] about Footballer responds after wife’s controversial online post