The decision of the State Bank of Vietnam to increase the exchange rate band from +/-2 per cent to +/- 3 per cent to deal with the devaluation of the Chinese Yuan at the end of August is viewed by experts as the right step to take.It will, however, have an impact on the country’s real estate market, as rising exchange rates will see real estate companies eventually faced with higher costs and declining profitability in the future unless they push up house prices. The move also creates opportunities in real estate, though, because it will remain a safe investment channel compared to securities and gold given the devaluation of the Chinese Yuan triggered panic in stock markets. Only slight Many real estate companies are concerned given that the majority of construction materials are imported and will now cost more. According to Ms. Vo Thi Diu Hien, Deputy General Director of the Saigon Thuong Tin Real Estate JSC (Sacomreal), real estate companies should consider opening sales … [Read more...] about Good news or bad?
South facing house good or bad
In reply to the Vietnamese gentleman who had a problem going to New Zealand: Before you criticize other countries, you should look at your own backyard. I am an Australian who has been living and traveling around South East Asia for the last twelve years, four of them in Vietnam. I have found that going through Vietnams Customs is a sad affair almost each and every time. Anyone in a uniform in this country thinks he/she is big time and treats others as inferior. Anyone to do with officialdom in this country has no respect for the common people... even Vietnamese. Take Hanoi. Everyone walking along the footpath on going past the Army Office, are told to move off and walk on the road! In Saigon, people are not allowed to sit on the steps of building of People's Committee. Sadly, in this country, it's not bigotry. It is worse. It is discrimination. Let's go back to some other developed countries. I do not think the Vietnamese people can understand the enormity of the … [Read more...] about People who live in glass houses should not throw stones
The Ministry of Culture, Sports and Tourism held a conference recently to collect ideas on the selection of a national flower. Local newspapers discussed the issue with two culture experts Nguyen Van Huy, former director of the Viet Nam Museum of Ethnology. I totally disagree with selecting a national flower. Maybe they think a flower can summarise and promote the image of Viet Nam to others easier. However, I think Viet Nam is too complex to be summed up in such a way. We should let foreigners see a Viet Nam made up of various cultures with a wealth of different flowers because it is open to other cultures. We do not need a flower to represent Viet Nam as the Vietnamese culture is the result of a long process of acculturation. The Vietnamese love flowers. When Tet (lunar new year) comes in Spring, all the houses are decorated with flowers, peach flowers in the north, apricot flowers in the south and bauhinia flower blossom in the Northwest of Vietnam. We also have lotus and … [Read more...] about Nation faces more pressing issues than picking national flower: experts
TuoiTreNews received this article from Dr. Kim Huynh, a lecturer and researcher at the Australian National University. The views and opinions expressed herein are those of Kim Huynh and Tran Hoang Tuan, a freelance writer and translator, and do not necessarily reflect the position of TuoiTreNews. Stan lived on the top floor of my apartment building in Vietnam and was, without a doubt, a very impressive individual. He was tall and fit, had lived in many countries and was a highly regarded doctor and manager. Stan had not come to Vietnam to make money; but rather, to help the Vietnamese, and was therefore in very high demand. While he was successful at work, Stan was often frustrated when he returned to his apartment. A putrid smell emanated from the drain in his bathtub, the air conditioner was constantly malfunctioning and he was never able to receive BBC World on his television. Most of us in the apartment complex encountered similar issues, but had long given up trying to do … [Read more...] about Who is more civilized: Vietnamese or Westerners?
As her mother sat in a homeless shelter in downtown Miami, talking about her economic struggles and loss of faith in the U.S. political system, 3-year-old Aeisha Touray blurted out what sounded like a new slogan for the Occupy Wall Street protest movement. "How dare you!" the girl said abruptly as she nudged a toy car across a conference room table at the Chapman Partnership shelter in Miami's tough and predominantly black Overtown neighborhood. There was no telling what Aeisha was thinking as her 32-year-old mother, Nairkahe Touray, spoke of how she burned through her savings and wound up living in a car with five of her eight children earlier this year. But how dare you indeed? How does anyone explain to kids like Aeisha and countless others how they wound up homeless in the world's richest nation? In a report issued earlier this month, the National Center on Family Homelessness, based in Needham, Massachusetts, said 1.6 million children were living on the streets of the United … [Read more...] about Another face of the U.S. recession: homeless children