Three major cities of Vietnam are distinguished with the annual prestigious awards of Travel & Leisure. The United States-based magazine Travel & Leisure has recently unveiled its 2022 Asia’s Best Awards with suggestions about the best travel destinations around the world. Accordingly, Hanoi, Danang, and Ho Chi Minh City are among the Top Ten “Best Cities in Southeast Asia” Hanoi- the thousand-year-old charming city President Ho Chi Minh Mausoleum in Hanoi. Photo: Cao Anh Tuan Ranked fifth on the list of Travel & Leisure , the charming capital city of Vietnam- Hanoi is a must-see travel destination for foreign travelers to the country. The fact is that the city is very peaceful and very welcoming to foreigners. It has a low crime rate, great tropical weather, and is easy to balance work life and fun, according to Bill Noland, an Aussie digital nomad in Hanoi. “It takes me around VND10 million or $428 for a convenient accommodation … [Read more...] about Hanoi among Top 10 cities in Southeast Asia
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BCI Assia Awards honors top architecture, real estate firms
Winners of BCI top 10 Developers Award 2022 for Viet Nam. — Photo courtersy of BCI Viet Nam’s top ten property developers and architecture firms were recognised at the the BCI ASIA Award ceremony held in HCM City on June 30. The portfolios of the top developers for 2022 are valued at US$1.82 billion, while those of the 2022 elite architecture firms comprise $9.71 billion worth of properties scheduled to start construction in Viet Nam this year. These firms were chosen based on the greatest aggregate value of projects under construction during the last full calendar year. At the ceremony, the Top 10 Developers Award 2022 for Viet Nam was given to BCG Land Joint Stock Company, BRG Group, BW Industrial Development JSC, CapitaLand Development (Vietnam), Danh Khoi Joint Stock Company, Flamingo Holding Group, Hoang Huy Group, Hung Thinh Land Joint Stock Company, Nam Long Investment Corporation, and Vinhomes JSC. The BCI Asia Top 10 Architects Award 2022 was won by Alinco Ltd, … [Read more...] about BCI Assia Awards honors top architecture, real estate firms
What’s on July 4-10/2022
MUSIC & PERFORMANCES HCM City- Performance by Vietnamese-French violinist Jul 9, HCM City Opera House, Vietnamese-French violinist Stephane Tran Ngoc will be the featured soloist in the “A Night of Italian Spirit” concert. REC TOUR 2022 June – July 2022 From the organizer: AboutREC VietNam: REC Viet Nam grows from REC Room – A music management and event production team based in Hanoi. REC ROOM was formed in 2014 as a DIY audio recording studio, but has since developed into a community-driven music production team, with particular focus on; live music events, contemporary musical subcultures, management, tour production, and audio/video production for artists based in Vietnam. ____________________________________________________ EXHIBITION HCM City- Photo exhibition highlights beauty of Spratly Archipelago Until Jul 18, 122 Suong Nguyet Anh Street, District 1 The … [Read more...] about What’s on July 4-10/2022
Mixed views on global minimum corporate tax rate
A Samsung manufacturing plant in Bac Ninh Province. — Photo baophapluat.vn The Organisation for Economic Cooperation and Development (OECD) two-pillar solution has introduced a global minimum corporate tax rate (GMCT) of 15 per cent applicable from 2023, but experts have mixed positions on the tax. Nguyen Mai, chairman of the Association of Foreign Investment Enterprises, said that the GMCT would boost Viet Nam’s tax revenues and contain tax avoidance, tax evasion and price transferring in the country. This is because tax rates lower than GMCT have incentivised illegal tax practices without significantly affecting investment attractiveness. In fact, 56 per cent of foreign-invested firms in Viet Nam declared unprofitability in 2020, with a total loss of VND151 trillion (US$6.5 billion), substantially reducing the country’s tax collection. Accordingly, he urged the Government to modify tax regulations in line with the GMCT and re-negotiate with FDI investors on investment terms … [Read more...] about Mixed views on global minimum corporate tax rate
Project of combination on theater and tourism unsuccessful
The Hanoi Opera House has been selected as a destination for culture and tourism. According to the Ministry’s plan, a 30-minute program and an hour-long program would be performed by actors and actresses at theaters such as Vietnamese Cheo, Vietnamese Tuong, Vietnamese Dance and Music. The Ministry expected that a combination of musical performance and a cultural tourism product with Vietnamese identity will attract more holiday-makers to the country. Moreover, artists can earn extra income and the tourism industry also has more experience products for visitors. After the initial enthusiasm, everything was confused because the performance was not as good as an expectation; hence, travel agencies were not interested in it and the project has been also gradually unsuccessful. After two years of the Covid-19 epidemic, when theaters reopened and the tourism sector revived with more travelers, artists returned to look for opportunities from tourists. However, leaders of the art … [Read more...] about Project of combination on theater and tourism unsuccessful
State Bank of Vietnam announces amendments to bank loans circular
Illegitimate land slots in Bao Loc City, Lam Dong Province. The draft bans bank loans to borrowers who use the loans to secure future transactions that are unqualified at the moment of the loans. — VNA/VNS Photo The State Bank of Viet Nam (SBV) has been developing a draft amending Circular 39 on bank loans, to keep credit risks in check. The draft bans bank loans to borrowers who use the loans to secure future transactions that are unqualified at the moment of the loans. The ban is expected to prevent the use of bank loans to purchase future real estate properties, which have not been given carte blanche from the authorities due to the lack of construction permits and proof of land use rights. The HCM City Real Estate Association (HoREA) believes that law-abiding real estate firms will remain unaffected by the ban since bank loans are still available to borrowers who aim for qualified real estate properties offered by the firms. "Unqualified realty properties include … [Read more...] about State Bank of Vietnam announces amendments to bank loans circular