Vietnam stood behind its Southeast Asian neighbors such as Thailand (18th), the Philippines (27th), Singapore (29th), Malaysia (31st) and Indonesia (39th) where retirement visas have already been offered for years. However, it was placed higher than South Korea (50th), Cambodia (52nd), China (62nd) and Myanmar (75th) in the region. The ranking was based on a global survey of more than 17,000 people recording their perceptions on several factors: affordability, favorable tax environment, friendliness, pleasant climate, respect for property rights and a well-developed public health system. This year, Switzerland was voted the best country for retirees, followed by Portugal and Australia. Last year, Vietnam ranked 39th among 85 destinations. Cheap living costs, high-quality healthcare and low levels of violent crime have pushed Vietnam's reputation as an ideal choice for foreign retirees. Tourism industry insiders believe Vietnam has a great opportunity to become a paradise … [Read more...] about Vietnam world’s 40th best country for ‘comfortable’ retirement
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Int’l conference discusses Vietnam-Laos-Cambodia cooperation in digital economy
At the international conference on the Vietnam-Laos-Cambodia trade and investment cooperation given the digital economy held in HCM City on September 20.(Photo: VNA) HCM City (VNA) – More than 100 Vietnamese, Lao, and Cambodian experts, managers, and diplomats joined an international conference on the three countries’ trade and investment cooperation given the digital economy, which took place in Ho Chi Minh City on September 20. The event was co-organised by the Vietnam Academy of Social Sciences ( VASS ), Lao Academy of Social and Economic Sciences ( LASES ), and Royal Academy of Cambodia (RAC). Addressing the conference, VASS President Dr Phan Chi Hieu said the promotion of the digital economy is considered one of the key tasks to accelerate the restructuring of an economy, associated with innovation in the growth model and the improvement of growth quality, aiming to help a nation escape the middle-income trap and move towards the goal of becoming a developed … [Read more...] about Int’l conference discusses Vietnam-Laos-Cambodia cooperation in digital economy
In Vietnam, parents spend big on children’s education despite economic woes
No matter how expensive it is, many Vietnamese families willingly pay for their children’s education in spite of their tight money situation. Vietnamese parents commonly seek the best education for their children while sacrificing their own needs, said Dr. Le Thi Mai Lien, head of the psychology faculty at the Ho Chi Minh City University of Social Sciences and Humanities. Cutting down on all expenditures but for children’s education As soon as her two children enter the new school year earlier this month, a 43-year-old woman named N.T.T., who resides in Phu Nhuan District, Ho Chi Minh City, had to calculate her family’s expenditure to balance their spending and saving. After the COVID-19 pandemic, T. and her husband's total income decreased by more than VND20 million (approximately US$818) per month, so they have to tighten their belt to stabilize the investment in their children’s education. Years ago when their family was still financially solvent, they would frequently … [Read more...] about In Vietnam, parents spend big on children’s education despite economic woes
Military Region 1’s sports festival kicked off
Military Region 1’s military sports festival, which is divided into two phases, gathers 1,300 athletes, instructors, and referees from 21 units. Athletes compete in seven categories, namely strong soldiers, huddle race, armed swimming, unarmed martial arts, football, volleyball, and table tennis. In the first phase, which took place from May 11 to 19, athletes competed in football, volleyball, and unarmed martial arts. In this second phase, athletes join strong soldiers, huddle race, armed swimming, and table tennis categories. Speaking at the opening ceremony, Deputy Chief of Staff of Military Region 1 Senior Colonel Nguyen Khac Huy asked the organizing panel to closely and flexibly direct the organization of contents to ensure absolute safety of people, weapons, equipment, and vehicles. Meanwhile, referees should accurately and objectively evaluate athletes’ performance. Participating athletes should contribute the best performance at the event, promote solidarity and … [Read more...] about Military Region 1’s sports festival kicked off
Steelmakers must act now in CBAM entry
GHG emissions inventories will cause a considerable challenge for the steel industry, photo Le Toan From October 1, steel companies exporting to the EU must adhere to the EU’s Carbon Border Adjustment Mechanism, starting with greenhouse gas (GHG) emissions reporting and reduction. At the training for steel manufacturers on GHG accounting and emissions mitigation, held on September 12 by the International Finance Corporation (IFC) and the Vietnam Steel Association (VSA), experts discussed industrial carbon reduction technologies and provided insights into opportunities and challenges related to carbon trading. As one of the fundamental industries in Vietnam, the steel industry serves as a primary input for various sectors such as construction, shipbuilding, automotive, mechanics, and others. According to information from the VSA, Vietnam exported approximately 8.397 million tonnes of steel last year, representing a 35.85 per cent decrease compared to the same period the … [Read more...] about Steelmakers must act now in CBAM entry