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While there are many young workers in cities who are working hard to own a house, there are also some people who have decided to give up this dream for certain reasons. Giving up a mental burden Huynh Anh Tuan, a city dweller of Phu Huu District in Thu Duc City, Ho Chi Minh City, who suffered from a sharp drop in income during the COVID -19 pandemic, decided not to pursue his dream of owning a home. When he gave up on the plan, he felt relaxed after the great pressure was gone. Tuan set a goal many years ago to own his own home before he turned 30. To that end, Tuan took on many freelance jobs after graduating from college and invested a small amount in stocks. In addition, an acquaintance promised to lend him VND500 million ($21,650) if he bought a house, which fueled his strategy over time, at least before the pandemic. Although he had such an ambitious plan, now, at the age of 28, Huynh Anh Tuan is changing his mind because of COVID -19. As a freelancer, Tuan has … [Read more...] about “To buy or not to buy a house” an important question

The market’s forward price-to-earning (P/E) ratio has declined from 14.1 to 10.9 since April, tracking the 23 percent drop by the benchmark VN-Index. The fund’s founder, Petri Deryng, said the crash came as "a complete surprise" as there was news of robust earnings growth and valuations were modest. Vietnam’s valuations are now irrational with a forward P/E ratio of 10.9 though Q1 earnings growth was 31 percent and the forecast for the full year is 19-29 percent, he said. Vietnam’s five-year historical rolling P/E has been 16.5, and even topped 20 during periods of strong earnings growth, he pointed out. "The outlook of the global stock markets cannot be ignored when assessing the possible timing of the bull runs of the Vietnamese market, but at these valuations Vietnam offers a stable economy and extremely cheap stocks," he said in a note published Thursday. Vietnam’s stock market was affected by the conflict in Ukraine and the fall of the Nasdaq, but the crash was mainly … [Read more...] about Vietnam stocks ‘extremely cheap’: Finnish fund

Martial artist Lê Hồng Tuấn (left) competes with Wichian Sripaengpong of Thailand in the final of the men's 55kg category on May 21. — VNA/VNS Photo Tuấn Đức Thanh Nga HÀ NỘI — Martial artist Lê Hồng Tuấn brought the Vietnamese vovinam team one more gold medal on May 21. Tuấn made fans at the Sóc Sơn Gymnasium jump for joy as he smashed Wichian Sripaengpong of Thailand 11-1 in the final of the men's 55kg category to take the gold medal. Earlier, Tuấn defeated Din Ten of Cambodia 8-4 in the semi-final. The Cambodian athlete won the world championship twice in the 54kg weight class in 2017 and 2019. He also won the Asian title in 2018. Tuấn proved his power as he faced a strong opponent from Cambodia. He controlled the game from the beginning and took the lead of 5-1 at the end of the second half. In the third half, Din attacked more to level the score. The Cambodian player scored two points continuously to narrow the gap to 5-3. However, Tuấn still calmly … [Read more...] about Martial artist Tuấn wins gold for vovinam team

In April, Viet Nam's cashew exports reached 49,000 tonnes, earning US$290 million. — Photo dangcongsan.vn Enterprises should prioritise investment in developing value-added cashew products to avoid losing its market share instead of only focusing on wholesale, according to experts. Viet Nam's cashew nut is dominant in the EU market, however, it is mainly raw material and there are very few processed products, especially roasted and spiced products according to the taste of EU customers. Meanwhile, products made from cashews, especially spiced cashews, chocolate covered cashews, cashew milk, and cashew yoghurt, are becoming more and more popular for EU consumers because they are healthy alternative foods. “Diversifying cashew products has also pushed the demand for those products up in the EU market. Domestic enterprises need to have market research and investment in the processing stage to maintain their market shares in this market," Vu Anh Son, a representative of the Viet … [Read more...] about Viet Nam should prioritise value added cashew products for EU market

In his opening remarks, Deputy Minister of Natural Resources and Environment Vo Tuan Nhan said the ministry recently finalised a draft national strategy on climate change for 2050 so as to devise a roadmap for realising Vietnam’s commitments made at the 26th U.N. Climate Change Conference (COP26), including achieving net zero emissions by 2050, reducing methane emissions, conducting energy transition, and gradually eliminating fossil fuel. This draft has been submitted to the Prime Minister. To cut net emissions down to zero, it is necessary to strongly carry out energy transition and boost low-carbon development, he said, noting that to Vietnam, apart from the aim of reducing greenhouse gas emissions, transitioning from fossil fuel to clean and renewable energy is also meant to step up sustainable economic restructuring and grasp opportunities to improve the economy’s competitiveness and development. Vietnam views energy transition as both a chance and a challenge. It is a need to … [Read more...] about Energy transition critical to net zero emission achievement

BACK TO BUSINESS: The renowned restaurant has reopened, and is looking even stronger than before. VNS Mỹ Hà Photos by Nguyễn Mỹ Hà When many eateries in town re-opened for business, for a while Quán Ăn Ngon (Ngon Restaurant) had not and it felt like things hadn't quite returned to normal in the capital city of Hà Nội. The restaurant has been such a fixture in the dining scene in this part of town, near the Train Station, close to the South-Gate area, where many delicious smaller eateries dominate. Quán Ăn Ngon has been a safe food hub for a large group of diners. Families. friends from other cities visiting, overseas Vietnamese coming home for family reunions and lots of travellers, who want to make sure they get good food and open space, all love to drop in. Just last week, we decided to visit the typical restaurant, for the first time since the pandemic wreaked havoc on the country's health, economy and culinary sectors, all at once. Though we're not picky with our food, … [Read more...] about Quán Ăn Ngon’s excellent Vietnamese cuisine is back