It is now nearly impossible to buy a new apartment at the VND 2 billion mark. According to a report in 2022 from Rever, a Southeast Asia technology firm in real estate brokerage, for VND1.5-1.8 billion, one can buy a 30-55 square meter apartment built 6-10 years ago in Thu Duc City, on the secondary market. The average income of workers in Ho Chi Minh City (HCMC) this year is about VND148 million a year, according to property listing platform Batdongsan.com.vn. By that calculation, it will take up to 24 years to save, with no spending on anything, just to buy an apartment. The type of apartment used in this survey costs VND3.5 billion per unit. The data also shows that Vietnam ranks first in Southeast Asia in terms of the gap between house prices and average worker incomes. From 2018 to 2021, the ratio of the difference between real estate prices and the average income of Vietnamese has continuously increased, surpassing even Singapore. On the other hand, Indonesia, Malaysia and … [Read more...] about A laborer needs to save for 25 years to buy an apartment
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Vietnamese female entrepreneurs take the lead in boosting green growth
The event saw the participation of representatives from 31 women's associations from across the country. The seminar's aim was to promote sustainable growth and development within the female-led business community in Vietnam and share developments in sustainable practices and integrating environmental, social, and corporate governance (ESG). The conference was part of a larger sustainable business development initiative, officially launched by VAWE in 2022, that focuses on reducing emissions and negative impacts on the environment and society, as well as integrating ESG into corporate values. In attendance was Ton Ngoc Hanh, vice chairwoman of the Vietnam Women's Union, who said, "This seminar encourages a spirit of responsibility in Vietnam's female business community, showing the commitment and determination of everyone here to join hands with the government in achieving the goal of green growth, and to contribute effectively to sustainable development in the country. " Nguyen … [Read more...] about Vietnamese female entrepreneurs take the lead in boosting green growth