A Hong Kong court on Monday ordered the liquidation of property company China Evergrande Group, a move likely to send ripples through China’s crumbling financial markets as policymakers scramble to contain the deepening crisis. Evergrande, the world’s most indebted developer with more than $300 billion of total liabilities, sent a …
Read More »Singapore keeps monetary policy unchanged as inflation slows
Singapore’s central bank on Monday kept its monetary policy settings unchanged, as expected, in its first review of the year as inflation pressures continued to moderate and growth prospects improved. The Monetary Authority of Singapore (MAS) said it will maintain the prevailing rate of appreciation of its exchange rate-based policy …
Read More »Chinese customers get into bar fight in downtown HCMC
A bunch of Chinese customers got into a pitched battle with security guards at a bar in HCMC’s District 1 on early Sunday morning after being told to leave. According to the police, there was a quarrel inside the bar on Thu Khoa Huan Street between the 10-strong Chinese group …
Read More »Hanoi’s first bicycle-exclusive route to open February
Hanoi is working on a bicycle-exclusive road spanning 4 km through Cau Giay and Dong Da Districts, getting it ready to open on Feb. 1. Dozens of construction workers have been working on the lane, situated along To Lich River. While some clean up the environment, others draw markings and …
Read More »Parents, child found dead inside enclosed room with burning charcoals
A couple and their child in the northern Bac Giang Province were found dead inside an enclosed room, with a burned-up pot of charcoal found next to their bed. Their family members in Lang Giang District did not see them wake up Sunday morning, so they opened the doors and …
Read More »HCMC international hospital suspends operations over expiring license
The Columbia Asia hospital in HCMC will suspend operations from Jan. 31 and hand over all assets due to expiring operating licenses. A representative of Columbia Asia Gia Dinh International Hospital, the first private facility with 100% foreign capital in the city, said the operation duration of the hospital is …
Read More »Vietnamese make up largest percentage of Japan’s foreign workforce
Vietnamese constitute the largest percentage of the foreign workforce in Japan, followed by Chinese and Filipino workers, according to Japan’s labor ministry. By October 2023, Japan had over 2,048,600 foreign workers in the country, an increase of around 226,000 workers compared to the same period in 2022. Among them, almost …
Read More »Northern Vietnam to rain as Tet arrives
A mass of cold air will hit northern Vietnam starting Feb. 6 as Tet arrives, bringing cold and rain to the region. Vu Van Thang, director of the meteorology-climate research center under the Institute of Hydrology and Meteorology Science and Climate Change, said northern Vietnam would enjoy warm sunny days …
Read More »Tet gifts for workers come with credit card requirement
Workers at several unions have been told they will receive Tet gifts worth VND300,000 ($12), under the condition that they open a credit card with a finance firm. Earlier this month, Tuan, president of a workers’ union in Dong Nai Province, received 150 Tet gifts, each worth around VND300,000, from …
Read More »Vietnamese student wins $67,000 American fellowship for antibiotics work
A Vietnamese student in the U.S. has been awarded a research grant of $67,000 by the American Heart Association (AHA) for refining an enzyme towards developing new antibiotics. Nguyen Xuan Bach, 24, a native of Hai Phong City in northern Vietnam, is currently a third-year biochemistry PhD student at Duke …
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