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Corporate Swiss-Belhotel International to expand reach in Vietnam By Minh Tam Wednesday,  Nov 13, 2019,14:24 (GMT+7) Swiss-Belhotel International to expand reach in VietnamBy Minh Tam A view of Swiss-Belresort Tuyen Lam in Dalat City, managed by Swiss-Belhotel International. Swiss-Belhotel International is planning to rapidly expand its portfolio in major Vietnamese cities in the coming years – PHOTO: SWISS-BELHOTEL INTERNATIONAL HCMC – Swiss-Belhotel International, one of the world’s fastest growing international hotel and hospitality management groups, is planning to rapidly expand its portfolio in major Vietnamese cities in the coming years. The group said in its recent press release that it will launch at least 10 hotels and resorts in the next three or four years. The group is eyeing some major cities, including Hanoi, HCMC, Haiphong, Danang and Quy Nhon, for its expansion plan. Swiss-Belhotel … [Read more...] about Swiss-Belhotel International to expand reach in Vietnam

Financial Markets Banks lower deposit rates The Saigon Times Daily Wednesday,  Nov 13, 2019,14:27 (GMT+7) Banks lower deposit ratesThe Saigon Times Daily Customers transact with an Eximbank office in HCMC in this file photo. Some banks have lowered their annual deposit rates - PHOTO: THANH HOA HCMC - Several commercial banks have cut their annual deposit rates during the peak season for capital mobilization. Specifically, VietCapital Bank, after raising its interest rates to 8.6% for savings at the bank’s branches and 8.7% for deposits made online, has announced plans to cut rates by 10 basis points for most tenors, the local media reported. Vietnam Export Import Bank has also lowered interest rates for deposits of 15 and 18 months by 20 basis points to 8.1% and for the 12-month tenor by 10 basis points to 7.7%. At Nam A Bank, the interest rates for savings of 16 and 17 months are now 7.4%, down 30 basis points. … [Read more...] about Banks lower deposit rates

Nation Storm damage not as severe as expected The Saigon Times Daily Wednesday,  Nov 13, 2019,14:20 (GMT+7) Storm damage not as severe as expectedThe Saigon Times Daily Border guards in Binh Dinh Province fix a local house’s roof, which was blown away during Storm Nakri – PHOTO: VNA HCMC - Preliminary investigations by the relevant authorities have found that Storm Nakri caused less damage than expected in the affected provinces. However, while reinforcing their houses ahead of the storm’s arrival, one resident died of an electric shock and another fell to his death. As of 5 p.m. on November 12, the storm left one resident missing, while 14 houses had collapsed, 16 others were damaged or had their roofs blown away and over 400 houses were submerged by floodwaters, according to the Central Steering Committee for Natural Disaster Prevention and Control. Nearly 50 communes out of 112 in the central … [Read more...] about Storm damage not as severe as expected

Culture First Palestinian food and culture festival held in Hanoi The Saigon Times Daily Wednesday,  Nov 13, 2019,15:55 (GMT+7) First Palestinian food and culture festival held in Hanoi The Saigon Times Daily The cover of the “Travelling Half the Earth for a Cup of Tea” book, which was launched at the event - PHOTO: VNA HCMC - A festival featuring Palestinian cuisine and culture was held for the first time in Hanoi on November 12 in celebration of the United Nations’ International Day of Solidarity with the Palestinian People (November 29), the Vietnam News Agency reports. Organized by the Palestinian Embassy in Vietnam, the event featured activities such as an introduction of Palestinian history, culture, art and food, and a folk dance performance by Palestinian students. Two books by well-known author Di Li were presented at the event. The books, “I Have Eaten a Flower Field” and … [Read more...] about First Palestinian food and culture festival held in Hanoi

Culture Indian Embassy celebrates 550th birth anniversary of Guru Nanak Dev Ji The Saigon Times Daily Wednesday,  Nov 13, 2019,15:56 (GMT+7) Indian Embassy celebrates 550th birth anniversary of Guru Nanak Dev JiThe Saigon Times Daily The ceremony begins with paying floral tributes to Shri Guru Nanak Dev Ji - PHOTO: COURTESY OF INDIAN EMBASSY HCMC - The Embassy of India in Hanoi held a ceremony on November 12 to celebrate the 550th birth anniversary of Shri Guru Nanak Dev Ji. Born in 1469, Guru Nanak was the founder of Sikhism, one of the youngest of the major world religions and the world's fifth largest organized religion. He set up a unique spiritual, social, and political platform based on equality, fraternal love, goodness and virtue. Members of the Indian community, friends of India in Vietnam, and students of the Swami Vivekanand Cultural Center joined the celebration, which began with paying floral tributes to … [Read more...] about Indian Embassy celebrates 550th birth anniversary of Guru Nanak Dev Ji