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
Eon petrol price
Malaysia’s inflation may hit double digits: Finance Minister
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
Ghost Festival ceremony birds sell well
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
☕ Afternoon briefing on August 9
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