Zero turn prices

Tens of thousands of tourists stranded in a Covid-hit resort city in southern China due to travel curbs can begin leaving in batches, authorities said Tuesday, but many remain trapped. Residents and tourists in the southern Chinese province of Hainan line up to be tested for the coronavirus on Monday. — AFP More than 80,000 holidaymakers in Sanya on the island of Hainan -- often called "China's Hawaii" -- saw their vacations turn into a nightmare when officials declared a Covid emergency and cancelled flights and train ticket sales over the weekend. Sanya, home to more than a million people, is battling its worst outbreak in two years with more than 1,500 cases reported between August 1 and 9, according to official data. China is the only major economy still sticking to a zero-Covid strategy that uses snap lockdowns and long quarantine periods to contain outbreaks before they spread. The local health bureau on Tuesday announced that some tourists would be … [Read more...] about Tourists trapped in ‘China’s Hawaii’ over Covid to start leaving

At the meeting ( Photo: SGGP) Today, the Ho Chi Minh City National Assembly deputies delegation had a meeting to supervise the implementation of the Housing Law in the city for the 2016-2021 period to the branch of the State Bank of Vietnam in HCMC and the branch of the Bank for Social Policies in HCMC, the Department of Construction and Department of Natural Resources and Environment. At the conference, Huynh Thanh Khiet, Deputy Director of Ho Chi Minh City Department of Construction, said that in the period 2016-2021, nearly 15,000 apartments in 19 social housing projects were completed. In the next phase between 2021 to 2025, the southern metropolis planned to implement 25 projects with a total of more than 28,600 apartments. With nearly 15,000 apartments in 19 social housing projects, Ho Chi Minh City can satisfy the housing needs of a part of low-income people, civil servants, and public employees with housing difficulties. Accordingly, the number of social housing has not … [Read more...] about Low-income earners hardly access loans for buying social houses

Kuala Lumpur – Finance Minister Zafrul Aziz has said Malaysia's inflation may reach around 11 percent if the government does not implement subsidies for essential items like fuel. Finance Minister Zafrul Aziz has said Malaysia's inflation may reach around 11%. (Photo: theedgemarkets.com) The minister told the press that Malaysia's inflation is forecast to be 2.2 percent -3.2 percent. In fact, for the first six months of the year, inflation was around 2.5 percent, and that was largely due to the large size of subsidies that the government introduced. Malaysia's inflation, as measured by the consumer price index, increased 3.4 percent year-on-year in June, led by costlier food, the Department of Statistics Malaysia said on July 22. Nonetheless, Tengku Zafrul acknowledged that the current blanket subsidy policy is not sustainable for the country, but it is necessary for economic recovery in the short term. The government is managing the economy cautiously, and the … [Read more...] about Malaysia’s inflation may hit double digits: Finance Minister

Traders who sell birds for the life release ceremony on the coming Ghost Festival on the 15th day of the seventh lunar month are earning big due to high demand. The prices of birds on Hoang Hoa Tham Street in Hanoi’s Ba Dinh District have increased. Besides the worshiping, many Vietnamese families organise the life release ceremony with fish, birds or crabs to wish for luck on the Ghost Festival. At this time of the year, Hoang Hoa Tham Street is quite crowded as people buy birds to be released on the 15th day of the seventh lunar month. Sparrows, flowerpeckers and finches are bestsellers due to their reasonable prices. Bird trader Nguyen Tuyet said that despite being sold at VND5,000-10,000 higher per bird, they still sold well. She often delivers birds directly to people’s homes. Each warbling white-eye costs VND20,000, while the price of a sparrow is VND15,000. Every day, she earns around VND20 million from selling birds. … [Read more...] about Ghost Festival ceremony birds sell well

Hanoi (VNA) - The following is a brief review of the day’s events as reported by the Vietnam News Agency on August 9. - The Ministry of Industry and Trade (MoIT) has asked the Prime Minister about the mechanism for ongoing solar power and transitional wind power projects to enjoy the incentive price. In a recent document sent to the PM, the MoIT suggested investors of those projects negotiate electricity prices and power purchase and sale contracts with Vietnam Electricity (EVN). Read full story Read full story Illustrative image (Photo: VNA) - Vietnam will need a skilled workforce to transform itself into an upper-middle-income economy by 2035, the World Bank has suggested in its recently-released report named “Taking Stock: Educate to Grow”. Read full story Read full story The new passport version of Vietnam (Photo: Vietnam Government Portal) The granting and use of the new passport will be among the issues about which Minister of Public Security Gen. … [Read more...] about ☕ Afternoon briefing on August 9

In the first seven months this year, Vietnam’s total export value to the American market approximated $77 billion, equal 22 per cent jump on-year, in which exports to the US market were a bright spot reaching $66.7 billion, up 23.7 per cent on-year. Earlier, accelerated export of Vietnamese products to this market was a hallmark in 2021 reaching $114 billion in total export value, showing a 27 per cent jump on-year. Vietnam also witnessed a big export surplus with this market reaching approximately $89 billion last year. Exports to the US surpassed $96 billion in 2021, more than $21 billion compared to 2020, placing the US in the pole position among Vietnam’s export markets with export value far exceeding that of other markets such as China, the EU, ASEAN, South Korea, and Japan. Several new markets clinching free trade agreements (FTA) with Vietnam in America such as Canada and Mexico have increased imports from Vietnam. Apart from seafood and apparel, the export … [Read more...] about Exports to the Americas eye strong rebound

Hanoi - Vietnam’s GDP growth is forecast to expand 7.5 percent in 2022 and 6.7 percent in 2023, with resilient manufacturing and a robust rebound in services serving as the driving forces for economic recovery. At the press conference to release the report. (Photo: WB Vietnam) According to the latest economic update by World Bank (WB) for Vietnam, the country’s economy expanded 5.2 percent in Q4 of 2021, and respectively 5.1 percent and 7.7 percent in Q1 and Q2 of 2022. Inflation is projected to average 3.8 percent over the year. Carolyn Turk, WB Country Director for Vietnam, said that the bi-annual report “lays out a set of policy recommendations that could help mitigate the impact of these risks and make the economy more resilient going forward.” Titled “Taking Stock: Educate to Grow”, this edition underlines transforming the higher education system as the key to boosting the country’s productivity and achieving its development goals, in the context where the … [Read more...] about Vietnam’s economic growth forecast at 7.5 pc in 2022: World Bank

Workers wrap up and label durians. Vietnamese durians have made a name for themselves as a great-tasting fruit in many countries, but that's only the story's beginning. (Photo: baomoi.com) Hanoi (VNS/VNA) - Vietnamese durians have made a name for themselves as a great-tasting fruit for overseas consumers but still have a long way to go the maintain their position on the international scene, according to insiders. Dang Phuc Nguyen, General Secretary of the Vietnam Fruits and Vegetables Association, revealed that China , the largest importer of fresh Vietnamese durians, has allowed the fruits to be imported via official channels from July 12. However, these opportunities come with obstacles as the Chinese General Administration of Customs (CGAC) requires that Vietnamese exporting firms and growing areas register with the Vietnamese Ministry of Agriculture and Rural Development (MARD), and the registrations must be sent to CGAC for approval before the fruit can enter the … [Read more...] about Long way to go for Vietnamese durians