Spending 90 billion

A man in Lắk District, the Tây Nguyên (Central Highlands) province of Đắk Lắk will hand over his family-owned elephant to the provincial Centre for Elephant Conservation, Animal Rescue and Forest Protection Management, following the Animals Asia Foundation (AAF)-supported programme. Yok Đôn National Park is the new habitat for the elephant. — Photo truyenhinhdulich.vn Director of the centre Trần Xuân Phước said that the elephant, named Y Khun, will be taken to Yok Đôn National Park after Tết ( Lunar New Year). The 40-year-old male elephant was raised by Đặng Vân Long's family and used to give rides to tourists. During the pandemic, the elephant lived in a forest but struggled to find food so Long decided to hand him over to the centre. The elephant’s owner will be paid VNĐ700 million (US$29,660) for the animal. This is the eighth domestic elephant collected by the centre, part of the cooperation programme between Đắk Lắk Province authorities and the … [Read more...] about Domestic elephant to be taken to Yôk Đôn National Park

Viet Nam is considered an extremely promising market for the retail banking industry thanks to the characteristics of population growth, GDP per capita and fast economic development. Grasping that trend, many banks have been promoting retail lending activities to diversify credit portfolios and optimise profits. — Photo courtesy of VIB With the privilege of up to 50 per cent cashback on the Lazada Vietnam e-commerce platform and technologies first deployed by VIB, the LazCard credit card is expected to bring a great shopping experience to users during the year-end shopping season. Innovative and pioneering card trend in VN Viet Nam is an extremely promising market for the retail banking industry thanks to the characteristics of population growth, GDP per capita and fast economic development. Grasping that trend, many banks have been promoting retail lending activities to diversify credit portfolios and optimise profits. VIB is one of the banks which has seen its outstanding … [Read more...] about VIB’s new card gives big push to online shopping

Super-rich grab half of all new wealth in past decade: Oxfam The richest 1 per cent grabbed nearly two-thirds of all new wealth, worth $42 trillion, created since 2020, almost twice as much money as the bottom 99 percent of the world’s population, reveals a new Oxfam report today. During the past decade, the richest 1 per cent had captured around half of all new wealth. “ Survival of the Richest ” is published on the opening day of the World Economic Forum in Davos, Switzerland. Elites are gathering in the Swiss ski resort as extreme wealth and extreme poverty has increased simultaneously for the first time in 25 years. “While ordinary people are making daily sacrifices on essentials like food, the super-rich have outdone even their wildest dreams. Just two years in, this decade is shaping up to be the best yet for billionaires —a roaring ‘20s boom for the world’s richest,” said Gabriela Bucher, executive director of Oxfam International. “Taxing the super-rich and big … [Read more...] about Super-rich grab half of all new wealth in past decade: Oxfam

According to the owners, this is the gloomiest situation in nearly a decade due to the slow down in the real estate market and cash shortages, which started in the second half of 2022. Phu, chairman of a real estate company in District 1, said that five days before Tet he mortgaged a house his family is living in, his personal property, to obtain the several billion dong he needed to pay the 13th month salary and Tet bonuses for his employees, taxes, and debts owed to his firm’s partners. Tet falls on January 22-26. Tet bonus is the biggest and most anticipated reward for workers. To save money, for the first time in a decade, his company has not held a year-end party, Phu said. "If the business does not improve in the first six months of this year, I will have to sell some assets and cut staff for the fourth time." Similarly, the chairman of a real estate brokerage company with hundreds of employees has had to complete many procedures to get a personal loan of nearly … [Read more...] about HCMC real estate agencies struggle to pay Tet bonuses

Thailand expects to attract 588,900 foreign arrivals during the coming Lunar New Year celebration which starts this week. (Photo: Xinhua/VNA) Bangkok (VNA) – Thailand expects tourism spending during the Lunar New Year holidays will reach 21.3 billion baht (640 million USD), equal to 48% of that in 2019. According to Tourism Authority of Thailand (TAT) Governor Yuthasak Supasorn, during the Lunar New Year celebration which starts this week in many countries, Thailand expects to attract 588,900 foreign arrivals and get a revenue of 16.7 billion baht from January 19 to 27. Of the total, about 322,500 foreign visitors to the country will be from Northeast Asia and Southeast Asia, bringing it a revenue of 11 billion baht. Yuthasak said that a strong recovery in tourism stems from increasing demand as countries eased travel restrictions from the last quarter of last year. He added that tourists from the Republic of Korea post the highest flight booking to Thailand with an … [Read more...] about Thailand expects tourism revenue of 640 million USD during Lunar New Year holidays