Turbulent times meaning

The charming capital of Vietnam has won the hearts of many foreign tourists for its rich culture, beautiful east-meets-west buildings, and wonderful street food. According to Thetravel.com , there are more places in Vietnam than its capital Hanoi that tourists should explore. A corner in Hanoi's Old Quarter Area. Photo: Huy Pham In a recently published travel article on Vietnam, the Canadian newspaper has suggested 10 most beautiful cities and towns throughout Vietnam that will satisfy any visitor's travel needs, from cultural exploration to natural beauty discovery to luxurious beach vacations. According to Bryan Reyes, staff writer for The Travel, it's no surprise that Hanoi, as the capital, is one of the most visited cities in Vietnam, along with Ho Chi Minh City and Ha Long Bay, a UNESCO World Heritage Site. "Dubbed the 'Paris of the East', Hanoi is a sightseer's paradise for its landmarks with French influences mixed with Vietnamese motifs. This … [Read more...] about Hanoi named among Vietnam’s most beautiful places

In Vietnam, local businesses cannot mortgage land use rights (LUR) as security to a foreign lender. But this is allowed in our peer markets, and it is carried out with robust regulation, proper dignity, and thoughtful national protections. So, why are we behind the pack? Darryl Dong-Principal country officer IFC Vietnam Vietnam’s restriction on land security for foreign lenders reduces available funding and increases borrowing costs to local companies. Basically, we are penalising the country and making it less competitive. It also makes it more difficult for the government to supervise foreign financing, since the parties simply find workarounds through complex structures to create security packages for loans because they cannot get on the ground security. In Vietnam, where the non-performing loan (NPL) market is still not developed, this mortgage restriction is a showstopper for foreign NPL investors who want to bring us their capital and expertise. We need to put … [Read more...] about Mobilising international finance for land security

Before the Covid-19 pandemic, thousands of customers came to the mall in District 5 every day. However, only 100-300 shoppers show up now, and stalls are recording a 60-80% drop in revenues. "We have made three formal requests to the managers to give us free rents this year and a 30% discount in rents starting from 2024 onward," a vendor said, adding that the discount must be given on the rent price agreed to in 2016. Although An Dong Plaza mangers on March 21 approved a 30-35% discount on rents this year, vendors did not accept the offer as they said rents had already been raised 35% earlier. Stalls are closed at An Dong Plaza in Ho Chi Minh City's District 5 on Mar. 22 as vendors protested price policy. Photo by VnExpress/Thi Ha Hung, who sells clothes in the plaza, said that managers had demanded a 36% increase in rent per storage room, from VND11 million ($468) to VND15 million, and therefore the recent "discount" they offered meant nothing to him. The … [Read more...] about An Dong Plaza vendors shut their doors to demand free rent