International cuisine magazine Taste Atlas has listed trung vit lon, or duck eggs with embryos inside, among the world’s 100 worst rated dishes in 2023, calling it “a popular, although unusual delicacy.” The dish only got 2.8 points out of five based on reviews of millions of travelers, experts and …
Read More »Taxing housing necessary but challenging: experts
Taxing housing will help make the real estate market more transparent and prevent speculation, but it is necessary to digitize data, ensure fairness, and avoid overlapping taxes, experts say. The government plans to enact a new law on real estate taxation in place of the Law on Agricultural Land Use …
Read More »South Korean MC injured after motorbike accident in HCMC
Famous South Korean MC and entertainer Noh Hong Chu was injured in a recent motorbike accident in Ho Chi Minh City while traveling with YouTuber Pani Bottle. On Monday, Bottle posted a video on his YouTube channel showing the Korean TV personality lying on the ground after he got into …
Read More »Stock market plunges
Vietnam’s benchmark VN-Index dropped 2.15% to 1,065.84 points Tuesday. The index closed 23.45 points lower after gaining 12.14 points on Monday. Trading on the Ho Chi Minh Stock Exchange (HoSE) increased by 26.65% to VND12.17 trillion ($515.35 million). The VN-30 basket, comprising the 30 largest capped stocks, saw 24 tickers …
Read More »Interbank rate climbs up to 13%
Nine-month interbank rate has climbed from 9.61% to 13% annually as of February 2, according to the central bank’s latest data. On February 2 banks borrowed VND225.7 trillion ($9.6 billion) from each other overnight at the rate of 6.26% per year, up 1.7% points from the end of last year. …
Read More »Vietnam rice exports plummet on lower global demand
Rice exports fell 17.4% year-on-year in January to US$203 million as global demand shrank. In volume terms, they declined by 20.9% to 400,000 tons, according to the Ministry of Agriculture and Rural Development. Global demand was lower since inventories remained high in many countries, it said. The U.S. Department of …
Read More »Accor, Ennismore accelerate expansion across Southeast Asia
The regional growth strategy of Accor and Ennismore includes 28 openings across Southeast Asia, including Vietnam. Opening in Q1 2023, Mondrian Singapore Duxton will join an exclusive collection of eight Mondrian properties worldwide. Photo by Accor Accor, the region’s largest international hotel operator, and Ennismore, the fastest growing lifestyle hospitality …
Read More »Bustling M&A deals in banking industry at year beginning
Right from the beginning of 2023, many banks have announced their plans for merge and acquisition (M&A) deals and capital increase. Last week, the Board of Directors of the Vietnam National Petroleum Group (Petrolimex) approved a plan to divest capital from PG Bank, which means the bank will have a …
Read More »Bustling M&A deals in banking industry at year beginning
Right from the beginning of 2023, many banks have announced their plans for merge and acquisition (M&A) deals and capital increase. Last week, the Board of Directors of the Vietnam National Petroleum Group (Petrolimex) approved a plan to divest capital from PG Bank, which means the bank will have a …
Read More »Shipments to US, China could rescue slumping pangasius fish exports
Vietnam’s pangasius fish export turnovers have crashed, but the possibility of large orders to the U.S. and China could reverse the trend in 2023. Vietnam’s seafood export turnover stood at less than $600 million last month, down 31% year-on-year, according to data from the Association of Seafood Exporters and Producers …
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