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The rankings are based on studies of multiple financial factors, corporate reputation on the media and surveys of experts in the industry. According to the report, 73.9 percent of asked companies said they believed 2020 would be a difficult year while 13 percent were optimistic that the construction and building material industry would see growth this year. Some 4.3 percent said that the industry would maintain stability compared to 2019. Notably, about 8.7 percent of the respondents said it is likely that the real estate market would experience slowdown in the first half of the year and make a comeback in the second half as the COVID-19 pandemic is brought under control. A survey by the General Statistics Office found that up to 47.5 percent of firms said they were struggling, 33.7 percent maintained stable production and 18.8 percent saw better performance in the first quarter of the year. During the period, the construction and building material sector reported revenue and … [Read more...] about Vietnam Report announces Top 10 most reputable building contractors

Another best-selling children’s book by famous author translated into Japanese One of the most successful books in Vietnam’s publishing history, “Cho Toi Xin Mot Ve Di Tuoi Tho” (A Ticket Back to Childhood, Please) by famous author Nguyen Nhat Anh, has hit shelves in Japan. … [Read more...] about Nguyen Nhat Anh’s best-selling books to be reprinted

Hanoi (VNA) - The US newspaper New York Times included Vietnam’s Con Dao island among its 52 places to love in 2021. Con Dao. I visited a cemetery where relatives of people who died or suffered in the prison can bring offerings. There’s a marine conservatory, where baby turtles are being raised. On the last day, I was on the beach. As I swam out in the warm, turquoise water, I burst into tears. It’s important that we have these places where we can remember the people we’ve lost. Someday, I’d like to take my children there so they can learn more about their grandfather.” … [Read more...] about Con Dao listed among lovable destinations for 2021: New York Times

Hanoi (VNA) – The Vietnam Bank for Social Policies (VBSP) said it is providing loans for 6.4 million poor and near-poor households. As of the end of 2020, the bank’s total credit balance stood at 226.19 trillion VND (9.86 billion USD), a year-on-year rise of 9.4 percent. Its loans have generated jobs for more than 361,000 labourers at home, and supported over 5,200 guest workers, along with nearly 44,600 disadvantaged students. Around 200 businesses have accessed the loans to ensure wages for more than 8,500 employees affected by the COVID-19 pandemic. The capital has also contributed to the building of 1.3 million water supply and hygiene facilities in rural areas, and thousands of houses for poor households, the bank said. Its accumulative policy credit capital was 233.42 trillion VND at the end of 2020, up 21.53 trillion VND year-on-year. Such localities as Hanoi, HCM City, Da Nang, Binh Duong, Ba Ria-Vung Tau, Dong Nai, Binh Dinh, Quang Ninh and Vinh Phuc have … [Read more...] about Over 6.4 million poor, near-poor households get preferential loans

Because of Covid-19, 90-95 percent of travel firms have suspended operation and 338 firms no longer have licenses. International travel firms have shifted to provide domestic travel services. Deputy Minister of Culture, Sports and Tourism Nguyen Van Hung said the tourism industry witnessed thousands of businesses dissolve and stop operation last year. VNAT approved 15 applications for operation suspension. … [Read more...] about Covid-19 forces travel firms to undergo restructuring