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  The Vietnam economy forecast based on the actual information from manufacturing industries, and other reputable companies and other government agencies, is still yet to recover. The real estate is experiencing a lot of hardship and problems, may home owners are unable to rent out their houses and apartments to customers because customers cannot pay due to most company workers were laid off by their companies. The house owners are also experiencing problems mostly the houses and properties that are under loan with the bank, because of the economy hard hit, they don’t have avenues to raise funds and pay back bank loans interest fees, The companies on the other hand is also having issues with production, because all orders reduced due to ongoing war between Ukraine-Russia, companies are unable to retain their workers, may fire and lots laid off temporary. Many workers lost their jobs, company’s shutdown causing more hardship to the economy, and contributing to more poverty r...

Ukrainian President Volodymyr Zelenskiy said on Saturday that the situation on the front lines in the east of the country was getting tougher and Russia was throwing more and more troops into battle. The Kremlin has been pushing for a significant battlefield victory after months of setbacks, with Russian forces trying to close grip on the town of Bakhmut and fighting for control of a nearby major supply route for Ukrainian forces. Russian troops are also trying to capture the coal mining city of Vuhledar, some 120 kilometers (75 miles) southwest of Bakhmut, also in the eastern region of Donetsk. "I've often had to say the situation at the front is tough, and is getting tougher, and it's that time again. ... The invader is putting more and more of his forces into breaking down our Defenses," Zelenskiy said in his nightly video address. "It is very difficult now in Bakhmut, Vuhledar, Lyman and other directions," he continued. Earlier in the day, Deputy Defense...

Oil prices inched up in early trade on Monday after falling around 8% last week to more than three-week lows as jitters over major economies outweighed signs of a demand recovery in China, the world's top oil importer. While recession fears dominated the market last week, on Sunday International Energy Agency (IEA) Executive Director Fatih Birol highlighted that China's recovery remains a key driver for oil prices. The IEA expects half of global oil demand growth this year will come from China, where Birol said jet fuel demand was surging. He said depending on how strong that recovery is, the Organization of Petroleum Exporting Countries (OPEC) and allies, together called OPEC+, may have to reassess their decision to cut output by 2 million barrels per day through 2023. "If demand goes up very strongly, if the Chinese economy rebounds, then there will be a need, in my view, for the OPEC+ countries to look at their (output) policies," Birol told Reuters on the sideline...

South Korean-born Vietnamese singer Hari Won has been lambasted by critics for saying that she only hangs with “pretty” people. Won recently uploaded a photo to her Facebook page with the caption: "Based on my experience, most beautiful people don’t have hatred, they are pretty and kind. Therefore, I only hang with people who are pretty. What are your thoughts on this?" Hari Won’s post was then shared widely across a variety of social networks. Many commenters were not happy with the singer judging people based on their looks. "So, you’re saying that people only have great personalities when they are pretty? I know people who are pretty on the outside but ugly on the inside," read a comment posted by Amy Nguyen. "Don’t judge a book by its cover. That’s a basic lesson that everyone should learn. People can be kind whether they are beautiful or not pretty," Canh Pham commented. Some also defended Won, arguing that the post was based on her subjective experie...

South Korean singer and actress Bo A surprised her fans by posting a video of herself dancing on Ho Chi Minh pedestrian street. The comment section was flooded with a flurry of cheers like "Oh my God! BoA, please perform in Vietnam" or "Welcome to Ho Chi Minh City." Her Tiktok also went viral, with many people re-sharing it online. Some netizens wondered how long ago the video was shot. Some speculated that the video she posted was shot on January 31 and that BoA is currently in HCMC. Meanwhile, there has been a lot of talk and speculation about the possibility that BoA will hold a concert in Vietnam. Born in 1986, Kwon Bo Ah, better known as BoA, has been dubbed the "queen of K-pop" when being active in the entertainment industry for almost 20 years. BoA has many well-known songs, including "Only One," which has over 57 million views on YouTube.

Vietnam Airlines is looking for a consultancy to help it sell a stake in fuel distributing subsidiary Skypec amid the threat delisting from the stock market for making losses. The company said in a statement that consultancies could make their offers until February 8. Skypec, wholly owned by Vietnam Airlines, and Petrolimex Aviation are the two biggest jet fuel distributors in Vietnam. It has total storage capacity including at major seaports and airports and can fuel annually. Before the Covid-19 pandemic broke out Skypec was one of the biggest money spinners for Vietnam Airlines. The airline has been warned   by the Ho Chi Minh Stock Exchange that it would be delisted for posting losses, as of last year, it had an accumulated loss of VND34.2 trillion (US$1.46 billion). Last year the company had to sell a 35% stake in Cambodia Angkor Air for $35 million to increase its equity to avoid delisting.

Occupancy rates for serviced small apartments for rent in HCMC stand at 90-95%, larger ones of 90-110 sqm have been left vacant. Owner of apartment project said occupancy for small apartments had been at 90% since the fourth quarter last year. But he added that while 100% of his one-bedroom apartments were occupied, most of his two- or three-bedroom apartments were vacant. He noted that his smaller apartments often supplied "better living space and more utilities" than larger ones. If keep the big apartments, I will face the risk of making losses in the low season," he said. "So, the best thing to do is to increase the number of small apartments." The owner of a serviced apartment project on Cuu Long Street, Tan Binh District, said apartment occupancy rates were 90-95%, while occupancy rates for small apartments were only 80%. Savills’ latest serviced apartment report said that in HCMC, one- and two-bedroom apartments are popular due to their moderate rents. Th...

Police remove opium poppies from a garden in Son Dong District of Bac Giang Province on February 4, 2023.Police in the northern province of Bac Giang have detained a local man after finding 2,154 opium poppies in his house's garden.  He who lives in Son Dong District, admitted to the police that he started growing those plants last November for his own use, Vietnam News Agency reported.  Police uprooted all the poppies and seized them following an inspection at his house on Saturday. Opium is on the list of forbidden narcotics in Vietnam.

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