According to the Wall Street Journal, the US has again emerged as the winner in the ongoing global currency war. And, just as America won the war against the forces that wanted… the dollar to depreciate after the 2008 financial crisis, this time the US was determined not to let the dollar appreciate. In any case, the Federal Reserve (Fed) still maintains its position as the most powerful and powerful central bank in the world. Whether the price goes up or down, the dollar remains a sharp weapon. The question investors are now asking is whether the appreciation of the…
Author: Kevin Le
Session 6/7, the world oil price crossed USD 100/barrel for the first time since April, raising hopes among politicians, business owners and drivers around the world that the days of skyrocketing fuel prices may be coming to an end. Unfortunately, that day cannot come soon, according to Bloomberg. The fundamentals of supply and demand in the market suggest that oil prices will remain high for many months, even years. Demand for fuel is still growing strongly in the context that the world has just come out of the Covid-19 pandemic and reopened. Not only that, we don’t have enough refineries…
Although under great pressure from Covid-19, Vietnam’s foreign investment capital (FDI) continued to grow in the first 6 months of 2022 and real estate took second place. This shows that the real estate market in Vietnam is growing steadily and is still an attractive piece of cake for foreign companies. This is a statement from Savills Vietnam in the latest report on the prospect of attracting foreign direct investment in the real estate sector. Mr. Do Duy Thanh, Manager of Savill’s Hanoi Investment Advisory Department, considered that real estate has always been an important economic sector with stable and sustainable…
Hoi An, Vietnam has just been honored by the prestigious Travel + Leisure magazine as one of the leading cities in Asia. The survey for this year’s World’s Best Awards lists was conducted from October 25, 2021 to February 28, 2022, as many destinations are gradually lifting restrictions following the Covid-19 pandemic. This annual award recognizes the world’s leading travel destinations and services based on criteria of attractions, culture, cuisine, friendliness, shopping services and overall values. Tokyo is known for its diverse activities for visitors. Photo: traveling off the trail This year Japan (with Osaka in 4th place; Tokyo in…
Travel Daily News has introduced 5 travel packages for visitors to explore Vietnam, one of the oldest cultures in Southeast Asia. The first tour package is Discover the highlights of Vietnam in 12 days. Guests will take a wonderful overnight cruise in Ha Long Bay, a World Heritage Site and one of the most beautiful bays in Southeast Asia. Moreover, stopping in Hue and Hoi An will also be an interesting experience that no other place in the world can offer. Visitors can also buy or sell some unique souvenirs at local markets along the way. Ha Long Bay is…
A person living in Ho Chi Minh City or Hanoi will have a relatively cheaper cost of living than someone living in Phnom Penh, Cambodia, according to data from Numbeo’s Cost of Living Index 2022. According to data from Numbeo’s 2022 Cost of Living Index, Singapore is the most expensive city to live in Southeast Asia, second is Phnom Penh (Cambodia) and third is Bangkok (Thailand). Living in Ho Chi Minh City is comparatively cheaper than Bangkok, Phnom Penh, but more expensive than Jakarta, Penang… While Hanoi is cheaper than many other major cities in Southeast Asia, behind Pattaya, Manila,…
As of August 25, a fine of between VND 500,000 and VND 1,000,000 will be imposed on households and individuals for not classifying daily solid waste as prescribed. The government issues Decree 45/2022 on the sanctioning of administrative offenses related to the environment, which adds rules on sanctions for persons and households who do not classify household waste. valid from 25/8. People should keep in mind that waste should be divided into 3 categories: recyclable, reusable; food waste; other types of solid waste. Also under the Environmental Protection Act, if someone does not classify or use packaging in accordance with…
DigiTimes quoted a supply chain source as saying that Google is considering moving orders for next-generation smartphones to Vietnam. This move is intended to avoid risks posed by the trade tensions between the US and China and also to avoid the impact of China’s epidemic blockades. According to DigiTimes, Google originally planned to manufacture smartphones in Vietnam, but changed its decision due to the impact of the epidemic and strong support from the Chinese supply chain. However, the fact that China has imposed blockade orders in response to COVID-19 so far this year has made Google reconsider. Pixel 6 has…
Vietnam ranks 7th out of 52 destinations because the country offers easy finances but poor governance, according to the Expat Insider 2022 survey. Today, InterNations publishes its Expat Insider 2022 Survey, one of the world’s most comprehensive surveys on living and working abroad with nearly 12,000 respondents. In total, the research report analyzes 52 destinations around the world, ranking the best and worst countries for expats and providing in-depth information on expats’ satisfaction with quality of life, ease of settlement, working abroad and personal finances. in their respective country of residence. For the first time, the ranking also includes the…
EU leaders are bracing for a gas supply shortage that could freeze entire sectors of the bloc’s economy as fears grow that a major pipeline carrying Russian gas to Europe will be shut down for good. The scenario of rich European countries having to ration their energy consumption – and decide to shut down major industries – loomed closer Monday as the flow of natural gas to Europe via the Nord Stream pipeline dropped to zero. The shutdown was part of a planned 10-day hiatus, but analysts and officials worry that Russia’s Gazprom, which has already cut or restricted gas…