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A customer buys petrol in Ha Noi. In recent days, the price of gas and petrol decreased several times in a row and was as low as it was in January 2022. — VNA/VNS Photo Tran Viet Experts gathered in Ha Noi on August 4 to discuss how to deal with the continuing high prices of commodities in Viet Nam despite petrol prices being reduced. At a seminar held by the Government Portal, representatives of State management agencies and economic experts clarified the reasons for the “not cooling” status of some goods and services even though petrol prices have much reduced. In recent days, the price of gas and petrol decreased several times in a row and was as much as in January 2022. The price of E5 gasoline was at VND24,629 per litre, RON95 gasoline cost VND25,608 per litre, and the oil price was below VND25,000 per litre, pleasing businesses and residents after a long period of increases. However, they also saw prices of many essential commodities in the country continue to stay at … [Read more...] about Petrol prices fall but savings not passed on to goods

Lam Son, a Hanoian, first learned about the nomadic lifestyle after watching American movies depicting mobile homes parked in the middle of vast valleys. This was the source of inspiration for the Vietnamese YouTuber to set out on his first road trip in a mobile home with his family a couple of years ago. Son converted his old Mercedes Sprinter into a mobile home fully equipped with essential items for long-haul road trips. “This was originally a van. When traveling, my family members sit in the driver’s cabin full of safety equipment. We only use the renovated part on the back of the vehicle at rest stops or campgrounds,” the 35-year-old said. Since he renovated his first mobile home, the Son family has traveled to many parts of Vietnam on the vehicle, bringing exhilarating experiences to their two children. He expects the road trips will make their childhood more colorful and help them unplug from screens to fully experience van life. Lam Son's children view … [Read more...] about American movies inspire Vietnamese family to take memorable van life road trips

TAIPEI -- China fired multiple missiles around Taiwan on Thursday as it launched unprecedented military drills a day after a visit by U.S. House of Representatives Speaker Nancy Pelosi to the island that Beijing regards as its sovereign territory. Soon after the scheduled start at 0400 GMT, China's state broadcaster CCTV said the drills had begun and would end at 0400 GMT on Sunday. It said the exercises, the largest ever by China in the Taiwan Strait, would include live firing on the waters and in the airspace surrounding Taiwan. China's Eastern Theatre Command said it had completed multiple firings of conventional missiles on waters off the eastern coast of Taiwan as part of the planned exercises. The last time China fired missiles into waters around Taiwan was in 1996. Map showing the six locations where China will conduct military drills. Taiwan's defence ministry said several Dongfeng missiles had been fired in waters to the northeast and southwest of the island. Two … [Read more...] about China fires missiles in largest ever drills in waters off Taiwan

Photographer Lam Duc Hien of World Press Photo Contest fame sat down with Tuoi Tre (Youth) newspaper during his time at the 2022 Hue Festival to reflect on the portraits that made his name, the life-or-death experiences, and the state of modern photojournalism after spending three decades in the ever-changing industry. How did you get your start in photography? At the beginning, I did not even plan to do photography professionally. It started when I joined a non-governmental organization (NGO) because I want to help people. I went to Romania with them in 1990 and they asked me to take pictures. [In 1990, the country was experiencing perpetual social unrest and political battles following the Romanian Revolution in December 1989]. The pictures were used in campaigns to raise money for Romanian children, and after that, the NGO said they got a lot of donations. It made me understand the power of a picture - a good one can help mobilize a lot of money. They [the NGO] then … [Read more...] about Invisible for portraiture: An encounter with French-Vietnamese photographer Lam Duc Hien

As a social contributor in the United States, Mother Sam was twice granted the presidential lifetime achievement award for her social devotion. Ai Hong Sam, a Vietnamese-American doctor, has fostered hundreds of children for a simple reason that is “allowing these orphans to call me 'mom' as they have long desired.” At that time, the Vinh Son orphanage in Thong Nhat Ward under Kon Tum Province, located in the Central Highlands region of Vietnam, was struggling to survive as it was home to hundreds of orphans, who were in desperate need of nurturing. Once in a while, charitable groups or individuals paid them a visit and were able to assist in extremely difficult times. One day, a woman from distant America found out, gradually got to know them, and voluntarily took on the burden. Every single thing is confided to Mother Sam Sam and the nuns in the orphanage are sharing the tasks with one another. While the nuns are in charge of looking after the children, she travels … [Read more...] about Mother Sam’s ‘superhuman strength’ supports 300 children in Vietnam

After Vietnam's tax authorities enhanced the collection of taxes from traders on digital platforms, including social networks and e-commerce sites, many traders are seeking ways to avoid paying them or pass the buck to buyers. Shopping on websites, e-commerce platforms, and social networks is a national trend. E-commerce has boomed in Vietnam with revenue of some US$13.7 billion in 2021. The figure is forecast to reach $39 billion by 2025. However, the tax revenue from this sector has not risen commensurately its growth. Multiple tricks to avoid taxes Minh Thu, living in Thu Duc City, a district-level city in Ho Chi Minh City, said after ordering a pair of shoes from an online trader on Facebook, she was surprised as the trader announced that from August 1, customers must make payments in advance and the trader will not offer the cash-on-delivery (COD) service as earlier. Money transfer descriptions must not include the words 'buy' or 'sell,' but Facebook or Zalo … [Read more...] about In Vietnam, online vendors seek ways to avoid taxes

Mr. Jerome Powell, Chairman of FED Many readers are now wondering how and why the US Federal Reserve Bank (FED) miscalculated on forecasting the current global inflation. In a talk with Saigon Investment, Prof. Dr. Tran Ngoc Tho discussed this issue further. JOURNALIST: - Sir, you are one person who has studied very carefully the inflation in many countries in general and the United States in particular. Please can you give Saigon Investment readers a basic sketch as to how this situation is prevailing and to its effect on other economies. Dr. Tran Ngoc Tho: - There are many factors explaining the current rising global inflation such as broken global supply chains, warming of the jobs market, loose monetary and fiscal stimulus packages, and the recent Russia-Ukraine conflict. It is not just the FED but almost all investors and financial institutions, not only in the US but also in most economies are wrong in believing that high inflation is a thing of the past. However, if … [Read more...] about US Federal Bank caught off guard by global inflation

The 15th National Radio Festival will kick off in HCM City on August 4. Photo lienhoanphatthanh.vov.vn HCM City (VNS/VNA) - More than 200 entries from 86 radio stations nationwide will compete for awards at the 15th National Radio Festival held in Ho Chi Minh City on August 4-6. The event is organised by Radio the Voice of Vietnam (VOV) and its partners, the municipal People’s Committee and Radio the Voice of HCM City, aiming to honour producers, directors, reporters, broadcasters, hosts and technician crew. The nominees will compete in six categories, including reportage, editorials, talk shows, radio stories, audio plays, and live shows. This year, the organisers will also give awards for best broadcasters and hosts and two technician awards. They will also organise workshops and forums for people working in radio stations nationwide to have opportunities to share their experiences. Tran Minh Hung, deputy general director of VOV, said this year’s event received … [Read more...] about HCM City festival to honour top radio achievements

The event is organized by Radio the Voice of Vietnam (VOV) and its partners, the municipal People’s Committee and Radio the Voice of HCM City, aiming to honor producers, directors, reporters, broadcasters, hosts and technician crew. The nominees will compete in six categories, including reportage, editorials, talk shows, radio stories, audio plays, and live shows. This year, the organizers will also give awards for best broadcasters and hosts and two technician awards. They will also organize workshops and forums for people working in radio stations nationwide to have opportunities to share their experiences. Tran Minh Hung, deputy general director of VOV, said this year’s event received more than 500 entries and selected 203 entries for the final. They featured the country’s social and economic achievements, the model of “good people, good deeds,” and particularly COVID-19 prevention and control activities, he added. Hung said this year’s event will focus on digital … [Read more...] about HCM City festival honors top radio achievements

Through many ups and downs of history, the talented smiths of Hanoi’s old Hoe Thi craft village in Hanoi’s suburbs have still persistently kept their ancestor’s trade. Located on the bank of the Day River, Hoe Thi ancient village or today’s Phuong Canh Ward, Nam Tu Liem District is famous for its two traditional crafts, blacksmithing and tin soldering. Blacksmithing and tinsmithing are hereditary professions in Hoe Thi village. Photos: Suc khoe & Doi song According to Dr. Bui Xuan Dinh from the Vietnam Academy of Social Sciences, since ancient times, blacksmiths in Hoe Thi village have carried their furnaces and working tools everywhere to forge knives, scissors, sickles, hoes, and shovels, around Thang Long Citadel or today’s Hanoi. By the end of the 19th century, the talented workers of Hoe Thi craft village settled down on Sinh Tu Street or nowadays Nguyen Khuyen Street and Lo Ren Street in Hanoi's downtown. “The craftsmen of Hoe Thi village used … [Read more...] about Hanoi artisans keep the fire of blacksmithing