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London stocks and the British pound jumped Friday after an election triumph for Conservative Prime Minister Boris Johnson that analysts said will bring clarity to Brexit proceedings and unlock stronger economic growth. Other European stock markets -- although lagging buoyant London, which rose over two percent at one point -- also powered ahead, supported by confirmation of a partial trade deal between the United States and China. However, Wall Street's rally petered out, with American equities finishing little changed on the day both Beijing and Washington finally said they were on the same page. Stocks had rallied Thursday in anticipation of the trade deal with China, but then declined when the pact was announced. "You got a pretty good example of 'buy the rumors and sell the news,'" Art Hogan of National Holdings told AFP, referencing the saying indicating equities rise more in anticipation of an event than after the event itself. "But it's certainly great news on Brexit … [Read more...] about European stocks surge on Johnson election triumph, US trade deal

Property Apartment supplies to drop by 25% The Saigon Times Daily Saturday,  Dec 14, 2019,14:55 (GMT+7) Apartment supplies to drop by 25%The Saigon Times Daily A new residential area in HCMC’s District 2. Apartment supplies in HCMC and Hanoi are estimated to fall this year - PHOTO: VNA HCMC – The number of apartments eligible for sale in HCMC and Hanoi is estimated to fall 25% this year, reaching 43,000 units, according to a report by property platform batdongsan.com.vn. At the Vietnam Real Estate Summit 2019 (VRES 2019), held on December 12, Nguyen Quoc Anh, deputy general director of Batdongsan.com.vn, said the property market will face multiple challenges next year due to tighter control being applied to new projects and the increase in risk coeficient for real estate loans. The demand for real estate products remains high, but the market has witnessed a decline since the previous quarter, Anh added. In … [Read more...] about Apartment supplies to drop by 25%

A British diplomat shared with young Vietnamese last weekend what he thought to be the key to winning a prestigious scholarship offered by the UK government, pointing out some of the candidates’ misunderstandings. British Consul General Ian Gibbons said on the sidelines of the ‘Leader from Below’ workshop, organized by the British Consulate General in Ho Chi Minh City on January 12, that Vietnamese candidates tend not to fully understand what Chevening looks for in its two main requirements: leadership and influencing skills. Chevening is the UK government's international awards scheme. It is understood that applicants have to have two main qualities: leadership and influencing skills. It is a common belief among many Vietnamese applicants that a leader must be a person on top of an organization. However, this appears to be unconvincing for Consul General Gibbons.   “Mostly those that I know at the top of an organization would say the whole company are … [Read more...] about Diplomat advises Vietnamese candidates on how to win UK’s Chevening scholarships

Tourism S.Korea raises number of accredited travel firms for visa application By Dao Loan Saturday,  Dec 14, 2019,13:41 (GMT+7) S.Korea raises number of accredited travel firms for visa applicationBy Dao Loan An event promotes South Korean tourism in HCMC. South Korean consular agencies are taking measures to shorten visa processing procedures and increase the number of Vietnamese accredited travel firms – PHOTO: DAO LOAN HCMC - Many local tour operators remain concerned, following the recent disappearance of 164 Vietnamese students in South Korea, that the country would tighten visa requirements for Vietnamese citizens. However, the South Korean tourism authority has said the visa policy remains unchanged, and consular agencies are taking measures to reduce visa processing time, while increasing the number of travel firms accredited to process South Korean visas for their customers. The South Korean Embassy in … [Read more...] about S.Korea raises number of accredited travel firms for visa application

A company in the central province of Thua Thien-Hue have built a wooden bridge leading to its floating restaurant at a local tourist site without seeking approval. In 2017, Be Than Trading Ltd. Co. was licensed to build a floating restaurant on Lap An Lagoon in Lang Co to serve tourists. The bridge built illegally at Lap An Lagoon The firm recently built a wooden bridge with dozens of concrete pillars which were not included in the licence. On December 2, local authorities requested the investor to stop the construction. At that time, part of the 43-metre bridge was completed. However, the company ignored the instruction and continued the work which has been almost finished to date. Nguyen Van Manh, chairman of Phu Loc District People’s Phuc Loc Committee, said that the company has been ordered to dismantle the bridge from tomorrow, December 14. It has been also fined VND40 million (USD1,739) for the violation. Lap An Lagoon covers a total area of 800 hectares. Besides … [Read more...] about Firm found for illegal bridge construction at Hue tourist site