Why does homeowners insurance increase every year

Total revenue from tourism activities topped 1 trillion VND (42.6 million USD), the department said. The number of tourists increased dramatically at key monuments, museums, parks, ecological zones, and resorts in the city. Notably, Van Mieu (Temple of Literature) - Quoc Tu Giam (First University in Vietnam) and the Huong pagoda received about 80,000 visitors each. Meanwhile, the Thang Long Imperial Citadel, the Special National Relic of Co Loa, Duong Lam ancient village – the Son Tay ancient citadel received 19,700; 18,000 and 15,000 visitors, respectively. During the holiday, a series of art performances and cultural programs were held at relic sites and tourist attractions, while many new tourism products introduced to attract visitors. According to Director of the municipal Department of Tourism Dang Huong Giang, the agency has paid special attention to inspect the observance of regulations on tourism in tourist areas, aiming to better the quality of services. Source: … [Read more...] about Hanoi welcomes 332,000 visitors during lunar New Year holidays

The VN-Index, which tracks the performance of the Ho Chi Minh Stock Exchange (HoSE), closed above the resistance area of 1,100 points, equivalent to 1,120 points of the VN30-Index, in the last trading week. Although cash flow has not improved much, supply pressure has not put great pressure on the market. The market is expected to continue to be supported and gain points in the next trading sessions. Therefore, investors can still expect the market to expand the uptrend and exploit some short-term opportunities in stocks with positive accumulation background, said Viet Dragon Securities Co. 2022 was an eventful year for the Vietnamese stock market with many records set. After a prosperous 2021, the VN-Index continued to stay at its historic peak for the first three months of 2022. However, the market then declined, putting itself on the list of the worst performers in the world. As of December 27, the benchmark had dropped 34.2% to 1,004.57 points, from the 1,520-point peak … [Read more...] about Positive prospects for Vietnam’s stock market this year

Police check a driver's papers on Highway No 1 in Chau Thanh district, Tien Giang province.(Photo: VNA) Hanoi (VNA) – As many as 152 traffic accidents occurred in the country during the Tet ( Lunar New Year ) holiday, from January 20 to January 26, a year-on-year decrease of 12 cases, according to the Ministry of Transport. The traffic accidents killed 89 people, down three from last year’s holiday, and injured 111 others, up by eight. The majority were road accidents, while there are four railway and one waterway accidents. Road traffic police nationwide punished 21,967 violators with fines totalling 50.4 billion VND (2.1 million USD). They temporarily confiscated 639 automobiles and more than 9,910 motorbikes and withdrew approximately 4,950 driving licences of different kinds. Of all the violators, more than 7,726 people were fined for high blood alcohol content, an increase of more than 6,600 people compared with the last Tet holiday. On waterways, … [Read more...] about Traffic accidents fall during Tet holiday

The Ministry of Construction (MoC) has set a target of raising the urbanisation ratio of the country to 53.9 per cent in 2023. Apartments in Hanoi. In 2022, Vietnam's urbanisation ratio increased by 1.2 per cent to 41.7 per cent. According to head of the MoC Office Đậu Minh Thanh, urban planning, management and development has been defined as one of the three breakthrough stages of the sector. In 2022, the country's urbanisation ratio increased by 1.2 percentage points to 41.7 per cent, he noted, adding that in the year, the ministry recognised five areas as tier-4 urban areas. As of November 2022, the country had 888 urban areas, including two special-type areas, 22 tier-1, 33 tier-2, 47 tier-3 and 94 tier-4 urban areas. Thanh said that in 2023, the ministry will focus on implementing the Government's action plan to realise Resolution No.06-NQ/BCT on sustainable urban planning, construction, management and development until 2030 with a vision to … [Read more...] about Urbanisation ratio expected to reach 53.9 per cent in 2023

Between VND150-200 trillion ($6.4-8.5 billion) in bonds are set to mature this year, and if the bond market is left to self-regulate, systemic risks could spread to the banking sector and the entire financial market, Cuong told VnExpress in an interview. Although Vietnam concluded 2022 with a strong post-pandemic recovery, several financial problems plagued the economy last year, among them bond market issues . As there were many high-profile arrests due to alleged misconduct in bond issuance, companies prematurely redeemed VND210.57 trillion worth of their own bonds last year, up 46% from 2021. Although the market could be left to fix its own problems, Cuong said that it is recommended that the government intervenes with policies to ensure post-pandemic recovery, as one problem in the market could shake the market in a major way this year. He added that in the 2008 financial crisis, the U.S. government initially let the market corrects itself, but after Lehman Brothers … [Read more...] about Vietnam government should intervene in bond market: ADB economist

Hanoi earned more than VND1 trillion (US$42.6 million) from 330,000 visitors in five days of the seven-day 2023 Tet (Lunar New Year) holiday, according to the city’s tourism department. The number of visitors, calculated from January 21 to Thursday, is three-fold that of the same period last year. That included 32,000 international visitors, most of whom came from South Korea, Japan, Singapore, Thailand, and Canada, and 300,000 domestic tourists. The Van Mieu – Quoc Tu Giam (Temple of Literature - Imperial Academy) in Dong Da District welcomed 80,000 people, while the same number of visitors came to the Huong Pagoda in My Duc District. The UNESCO-recognized Thang Long Imperial Citadel in Ba Dinh District received 19,680 visitors. About 18,000 people visited the Co Loa relic site in Dong Anh District. Duong Lam Village and the Son Tay ancient fortress citadel in Son Tay Town drew some 15,000 visitors, Hanoi Zoo in Ba Dinh District received 17,235 people. The Hoa Lo Prison … [Read more...] about 330,000 visitors bring Hanoi $42.6mn on Tet

Prime Minister Pham Minh Chinh asked the ministries to quickly resolve the relevant issues to keep the ring road project moving forward as planned. Hanoi and the two provinces of Bac Ninh and Hung Yen have made big progress in land clearance for the construction of the Ring Road 4, Prime Minister Pham Minh Chinh said on January 27. Prime Minister talks to local people that live in the area of the Ring Road 4 on January 27. Photo: Vietnam News Agency At the moment, Hanoi municipal  authorities have developed a land clearance plan for the whole 58.2-kilometer stretch of the ring road that runs through Hanoi. The capital has relocated almost two fifths of all the graves found along the ring road. Hung Yen Province has cleared land in Van Giang, Khoai Chau, Yen My and Van Lam districts and moved almost 16% of all graves along the ring road. Meanwhile, Bac Ninh Province does not have a plan to relocate graves and cemeteries in the project area, but Bac Ninh … [Read more...] about Prime Minister praises Ring Road 4 project’s land clearance

The negotiation of the Paris Peace Accords (signed January 27, 1973) was one of the longest running negotiations in the history of international diplomacy. Why did it take 5 years for the Accords to be signed? An international negotiation would normally only take several days, or several months. But negotiations for the Paris Accords lasted almost 5 years for many reasons, including politics, complex historical contexts and unpredictability on the battlefield. First, the stances taken by U.S. officials and the Democratic Republic of Vietnam at the beginning of negotiations were vastly different, almost opposites of each other. The Democratic Republic of Vietnam asked the U.S. to pull its troops out of the South and end its military intervention, while the U.S. wanted the opposite, arguing that their role was necessary to maintain stability in the South. There were many times when negotiations had to stop as both sides could not reach an agreement on this key point. Second, … [Read more...] about Paris Peace Accords decisive condition for Vietnam’s unification

Illustrative image (Photo: vietnamnet) Hanoi (VNA) – The bustling game market in Vietnam is offering numerous opportunities for developers, according to experts. Le Quang Tu Do, Director of the Authority of Broadcasting , Television and Electronic Information under the Ministry of Information and Communications (MIC), cited data from App Annie 2020 showing that Vietnam ranked seventh in the world and second in Southeast Asia in the number of game downloads. Meanwhile, the country also ranked third in the top 10 game application manufacturers in the region. For every 25 games downloaded, there is one produced in Vietnamese studios. According to the statistics of Sensor Tower and the Vietnam Game Studio Club, there are currently about 5,000 games produced by Vietnamese people, mostly for children, entertainment, and education. Do said that the wage of each game developer in Vietnam is about 187 million VND (7,975 USD) per year, while that of each artist is abour 389 million … [Read more...] about Local game developers eye great opportunities at home

Activist Cora Weiss in an interview granted to the Vietnam News Agency (Source: VNA) New York (VNA) – The Paris Agreement on Ending the War and Restoring Peace in Vietnam, signed 50 years ago, came as a result of stressful and protracted negotiations and held extreme importance, said activist Cora Weiss, one of the leaders of the anti-Vietnam-war movement then. She told the Vietnam News Agency that the Paris Peace Accords, signed on January 27, 1973, helps give the US administration a way out from a 10-year illegitimate and unjust war in which millions of Vietnamese and tens of thousands of American soldiers were killed or exposed to Agent Orange. The agreement helped put an end to this and paved the way for ending the war and restoring peace in Vietnam, she noted. During the years of negotiations, the movement rose to the strongest-ever level. From 1969, thousands took to the streets in Washington D.C. to oppose the war. The number of participants in anti-war campaigns … [Read more...] about Anti-war activist stresses significance of Paris Peace Accords