3 tourist destinations in Vietnam among the most popular in Asia

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The ancient town of Hoi An, the War Remnants Museum in Ho Chi Minh City, and the Cu Chi Tunnels are three representatives of Vietnam that made it to the list of the 25 most beloved tourist destinations in Asia, as voted by TripAdvisor readers.

Located along the Thu Bon River, Hoi An is famous for its iconic yellow ancient houses and rich traditional heritage, proudly ranking seventh on the list of the world-renowned travel guide platform.

Once a convergence point for Asian merchants, Hoi An leaves a lasting impression on many foreign visitors with its peaceful, rural charm, yet it does not lack unique experiences.

The War Remnants Museum on Vo Van Tan Street, District 3, Ho Chi Minh City, ranks 10th among the 25 most beloved tourist destinations in Asia.

Established in 1975, the museum is a must-visit for anyone interested in learning about Vietnamese history.

Photo: Miavn.

The museum houses more than 20,000 artifacts, images, and documentaries highlighting the most significant aspects of the Vietnamese people’s experiences during two wars.

TripAdvisor notes, “With engaging exhibits and useful information, visitors will gain the most authentic perspective on how the war impacted lives.”

Located about 60 kilometers northwest of Ho Chi Minh City, the Cu Chi Tunnels, a symbol of the protracted resistance of the Vietnamese army and people, ranks 14th among the 25 most beloved tourist destinations in Asia.

The tunnels were built in the late 1940s and endured many intense bombings in the 1960s.

Photo: SinhTour.

TripAdvisor writes, “The Cu Chi Tunnels offer an impressive and immersive adventure, allowing visitors to appreciate the historical significance and gain a deep understanding of the local culture.”

Meanwhile, Gardens by the Bay in Singapore is named the most beloved tourist attraction in Asia.

@Znews

Multicoin Pledges up to $1M for Pro-Crypto Senate Candidates

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The investment firm is eager to flip the Senate for Republicans.

Multicoin Capital, one of the largest U.S. investment firms focused on cryptocurrency, is pledging up to $1 million to support Senate candidates with favorable views of the industry.

The investment manager plans to financially support four Republican candidates – Sam Brown in Nevada, David McCormick in Pennsylvania, Bernie Moreno in Ohio and Tim Sheehy in Montana – through donations to the conservative super political action committee (PAC) Sentinel Action Fund.

How much Multicoin gives depends on the outcome of Sentinel’s crypto donation drive. According to the group’s website, Multicoin will match 100% of (SOL) token donations sent to Sentinel by July 14. Gemini is hosting the group’s crypto donations portal and appears to be accepting a variety of tokens, including SOL.

“We’re doing this because we realize that political engagement matters, and it starts with supporting the candidates who believe America needs to remain free for innovation,” said Multicoin Managing Partner Kyle Samani in a statement.

Multicoin – as well as its leaders Samani and Tushar Jain – have previously supported pro-crypto candidates on a bipartisan basis. That isn’t changing with the donation to Sentinel, despite its status as a decidedly conservative group, a person familiar with the firm’s thinking said.

That said, Multicoin identified Sentinel as being aligned with its crypto interests by way of the specific candidates it is backing this cycle, the person said. These four republicans Sentinel is supporting all receive “A” ratings from the Coinbase-led crypto advocacy group Stand With Crypto.

These candidates’ opponents aren’t uniformly critical of cryptocurrency on the level of Elizabeth Warren, the Massachusetts senator despised by the crypto industry for her rhetoric of hosting an “anti-crypto army.” Three of the four are rated as “neutral” or better by Stand With Crypto, though Ohio Senator Sherrod Brown touts an “F.”

Still, Multicoin’s decision-makers are eager to invest in races that could flip the Senate to Republican control, the person said. Doing so would shift the balance of power in agency appointments and other key areas where crypto companies intersect with the federal government, such as the courts.

The matching pledge marks a high-profile test of Dialects’ recently debuted “Blink” technology, through which users of X can execute on-chain Solana transactions with their social media posts.

In this case, Blink will allow Solana users to donate to Sentinel through X (formerly Twitter). It will prompt donors to fill out required Federal Election Commission documentation, too, people familiar with the matter said.

Crypto Crash Pushes Fear & Greed Index to Lowest Since Traded at $17K in Early 2023

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The widely-followed sentiment metric hit extreme greed levels earlier in March near the local top of the crypto market, but now is pushing its limits in the opposite direction.

Crypto investor sentiment cratered to the most negative levels since the tail-end of the 2022 crypto winter as bitcoin’s (BTC) plunge below $54,000 pulled down digital asset markets.

The widely-followed Crypto Fear & Greed Index, created by data source Alternative.me, shows market enthusiasm towards bitcoin and other large cryptocurrencies, with 0 being extreme fear and 100 translating to extreme greed.

The gauge dropped to 29 on Friday, its deepest dive into the fear zone since early January 2023 when bitcoin was trading around $17,000 after 2022’s crushing bear market.

The metric notably sent out a contrarian sell signal this past March when it reached the 90 level at near what turned out to be (so far) the 2024 top of the broader crypto market and bitcoin’s all-time high of about $73,500. Since then, BTC and ether (ETH) are 25%-30% lower, while altcoin majors plunged around 50% and smaller tokens lost even more.

Is the bottom in?

Extreme levels of fear may present buying opportunities, but the reality is more nuanced with several factors to be considered.

The key catalysts behind the downturn was the unloading of seized bitcoin by German and U.S. governments, along with “preemptively selling” as the estate of defunct Japanese exchange Mt. Gox started to refund investors this month, Rachel Lin, CEO and co-founder of derivatives trading venue SynFutures, said in a market update.

The selling pressure is unlikely to abate in the short-term, she said. The German government still holds some $2.2 billion worth of BTC, the U.S. government has over $12 billion and the Mt. Gox estate has more than $8 billion of assets, data by blockchain tracing platform Arkham Intelligence shows.

“The direction of bitcoin in the coming days will be determined by the selling pressure from Mt. Gox users,” Lin added.

“The market expects most Mt. Gox users dump their tokens, but we might see a bounce back if the selling is lower than anticipated, she said. “On the other hand, if there is enough selling to push the price lower, we might be looking at the $50,000 level soon.”

Markus Thielen, founder of 10x Research trimmed his $55,000 price target to $50,000. “This situation may compel ETF holders and miners to liquidate more positions,” he said in an emailed note, adding that August and September are historically “challenging months” for bitcoin. However, he added, “if the Federal Reserve cuts interest rates in September, bitcoin could see another rally attempt.”

US Welcomes Vietnam’s Direct Electricity Trading Initiative

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US Ambassador to Vietnam Marc Knapper commended the Ministry of Industry and Trade for bringing this mechanism to life. The US Agency for International Development (USAID) has been providing technical support to Vietnam’s Ministry of Industry and Trade since 2017 to design and implement this mechanism.

The new decree, No. 80/2024/ND-CP, was issued on July 3 and regulates direct electricity trading through private connection lines or the national grid. Businesses and energy producers can now negotiate prices directly, though the Ministry will regulate certain prices. Renewable energy sources, including solar, wind, hydro, biomass, and geothermal, can be traded through these private lines, provided they have the necessary operating licenses.

This policy allows businesses in Vietnam to purchase renewable energy directly, helping them meet their sustainability commitments and reduce greenhouse gas emissions. The US Embassy believes this will attract private investment in renewable energy and support Vietnam’s goal of achieving net-zero emissions by 2050. USAID Vietnam Director Aler Grubbs emphasized that the US will continue to support Vietnam in expanding access to clean energy.

The direct electricity trading mechanism has been highly anticipated by foreign direct investment (FDI) enterprises, particularly those in the US, Europe, and Asia, operating in high-tech and manufacturing sectors. These companies require assurances that their production electricity is 100% clean to meet global climate goals and emission reduction commitments.

6 trên 10 ca bồi thường bảo hiểm tại Prudential nằm trong độ tuổi lao động “Vàng”

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Trong báo cáo kết quả kinh doanh công bố đầu tháng 4/2024, Prudential Việt Nam cho thấy số liệu chi trả bồi thường bảo hiểm năm 2023 là 1.900 tỷ đồng với 179.000 trường hợp .

Là doanh nghiệp bảo hiểm nằm trong nhóm dẫn đầu thị trường, sau 25 năm hoạt động, doanh nghiệp đã và đang phục vụ, đáp ứng nhu cầu tham gia bảo hiểm nhân thọ và bảo vệ tài chính của hơn 7 triệu khách hàng. Nhiều năm liền, tổng chi trả bồi thường và quyền lợi bảo hiểm của Prudential luôn chiếm khoảng 1/4 thị trường (⁓23-25% toàn thị trường bảo hiểm với 19 doanh nghiệp bảo hiểm nhân thọ).

Theo số liệu thống kê về bồi thường bảo hiểm tại Prudential Việt Nam từ năm 2020 đến 2023, tổng số tiền và số ca bồi thường đều có xu hướng tăng. Tính tới cuối năm 2023, khoản chi trả bảo hiểm cho bệnh hiểm nghèo, tử vong, thương tật toàn bộ và vĩnh viễn lần lượt tăng 2,1 lần về số tiền và 1,3 lần về số ca chi trả so với năm 2020. Nếu tính cả số liệu chi trả bồi thường cho chi phí khám chữa bệnh và chăm sóc y tế thì con số này tăng cao hơn trong cùng giai đoạn, gấp 2,7 lần tổng số tiền, và 2,3 lần tổng số ca bồi thường.

Điều này cho thấy bảo hiểm đã và đang là giải pháp bù đắp thiệt hại tài chính và dự phòng cho người tham gia bảo hiểm cho các rủi ro tai nạn, bệnh tật xảy ra. Mặt khác, số tiền chi trả bồi thường tăng cũng tới từ một nguyên nhân khách quan là số lượng người tham gia bảo hiểm tăng nhanh trong vài năm gần đây. Người Việt cũng đã nhận thức tốt hơn về bảo vệ tài chính cá nhân và gia đình. Các sản phẩm bảo hiểm y tế bổ sung, hay bảo hiểm nhân thọ vì thế đã và đang làm nhiệm vụ bổ trợ và bù đắp các khoản chi phí thiếu hụt bên cạnh bảo hiểm y tế bắt buộc, mang đến nhiều quyền lợi tốt hơn và phù hợp với nhu cầu dịch vụ chăm sóc sức khỏe đa dạng, chất lượng cao cho người dân.

60% số ca bồi thường mắc bệnh lý hiểm nghèo thuộc nhóm tuổi “lao động vàng”

Nhìn vào số liệu chi trả bồi thường tại Prudential năm 2023, số ca bồi thường cho các trường hợp mắc bệnh lý hiểm nghèo thuộc độ tuổi từ 25-50 chiếm lên đến 60%. Con số này có thể khiến nhiều người suy ngẫm bởi đây là độ tuổi được coi là “sung sức”, đồng thời cũng là giai đoạn quan trọng của đời người vì cần chăm sóc gia đình, tạo ra tài sản và tích lũy cho tương lai. Số liệu cũng cho thấy, có khoảng 76% trường hợp bồi thường xảy ra ngay trong 10 năm đầu của hợp đồng bảo hiểm nhân thọ.

Theo đánh giá từ Tổ chức Y tế thế giới (WHO), trong 10 quốc gia Đông Nam Á, tuổi thọ nam giới Việt Nam đứng thứ 5 và tuổi thọ phụ nữ Việt Nam đứng thứ 2, song số năm sống có bệnh tật lại cao so với các nước. Cụ thể, mỗi người Việt trung bình có tới 10 năm sống chung với bệnh. Số năm sống khỏe mạnh giảm, gánh nặng chi phí y tế cũng theo đó mà gia tăng. Thông tin từ lãnh đạo Bảo hiểm xã hội Việt Nam vào tháng 7/2023 cho biết, người Việt đang phải tự trả khoảng 40% chi phí khám chữa bệnh, gấp đôi so khuyến nghị của tổ chức WHO, cao hơn mặt bằng chung các nước trong khu vực.

Cũng trong một báo cáo của WHO, các bệnh lý nghiêm trọng như ung thư, tim mạch, đái tháo đường… là nguyên nhân gây ra trên 70% ca tử vong trên thế giới. Do nhiều yếu tố như ô nhiễm môi trường, cuộc sống hiện đại nhiều áp lực, sinh hoạt thiếu khoa học… Bệnh lý nghiêm trọng đang có xu hướng trẻ hóa và xuất hiện ngày càng nhiều hơn ở độ tuổi lao động. Việc phải đối mặt với các rủi ro, không chỉ đặt một người vào tình thế phải tiêu tốn một khoản tiền nhất định để khắc phục hậu quả rủi ro, mà còn đứng trước nguy cơ mất đi khả năng lao động, cũng như giảm hoặc mất nguồn thu nhập hiện có.

Chính vì thế, theo nhiều chuyên gia thì độ tuổi từ 25 cho tới 39 chính là thời điểm “vàng” để mỗi người trang bị cho bản thân một giải pháp dự phòng tài chính cho các rủi ro hay biến cố bất ngờ. Bởi lẽ ở giai đoạn này, nguồn thu nhập bắt đầu ổn định, các điều kiện về sức khỏe đáp ứng, rủi ro về sức khỏe còn ở mức thấp.

Hàng năm, với con số hàng chục ngàn tỷ đồng chi trả, ngành bảo hiểm nhân thọ với vai trò “tấm lá chắn” đã giúp giảm nhẹ các thiệt hại về tài chính cho người dân trước các rủi ro không mong muốn. Cùng với đó, quy trình chi trả đơn giản, nhanh chóng và liên tục được cải tiến bởi các đơn vị bảo hiểm đã giúp nâng cao chất lượng dịch vụ và mang lại sự hài lòng cho người trải nghiệm.

Năm 2023, quy trình giải quyết quyền lợi bảo hiểm tự động hóa Prudential ghi nhận 82% yêu cầu được nộp trực tuyến, 77% yêu cầu được xử lý trong ngày. Tỷ lệ chấp thuận hồ sơ yêu cầu bảo hiểm của Prudential trong 2023 ghi nhận trên 90%, có nghĩa cứ 10 hồ sơ yêu cầu bảo hiểm thì 9 trường hợp được Prudential chấp thuận chi trả. Vừa qua, Prudential cũng vừa được vinh danh tại Insurance Asia Awards cho hạng mục Claims Initiative of The Year – Vietnam (Giải thưởng Sáng kiến trong Chi trả bồi thường bảo hiểm), là một trong những điểm sáng về chi trả của ngành. Bà Nguyễn Thanh Hà, Phó Tổng Giám Đốc Giao Dịch Bảo Hiểm – Prudential Việt Nam chia sẻ:“Chúng tôi tin rằng vai trò của mình sẽ không chỉ dừng lại ở bồi thường bảo hiểm, mà còn là tạo dựng niềm tin, mang tới nhiều hơn những giá trị cho khách hàng trên hành trình đồng hành cùng Prudential. Mục tiêu này thúc đẩy chúng tôi can đảm thực hiện nhiều thay đổi quan trọng, từ việc nâng cấp giá trị cốt lõi của sản phẩm, nâng cao chất lượng kênh phân phối, thúc đẩy chuyển đổi số, tự động hóa quy trình từ khâu tham gia cho tới bồi thường, chi trả bảo hiểm nhằm mang lại sự hài lòng, trải nghiệm cá nhân hóa cho mỗi khách hàng của mình.”

Bitcoin Nosedives Under $58K Amid Mt. Gox, German Government Wallet Movements

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A wallet belonging to a German official entity moved its largest stash of BTC to exchanges earlier today, while Mt. Gox wallets showed activity for the first time in a month.

Bitcoin (BTC) plunged under $58,000 in European morning hours, extending 24-hour losses to nearly 5% and dropping to prices not seen since early May.

The sell-off came as wallets belonging to defunct crypto exchange Mt. Gox showed signs of activity for the first time in a month and the German Federal Criminal Police Office moved over $75 million to crypto exchanges.

“Among the top reasons for the price drop was the German government moving more than $50 million to crypto exchanges, creating sell speculation in the market,” Lucy Hu, a senior analyst at crypto investment firm Metalpha, said in a Telegram message.

Mt. Gox is scheduled to start distributing assets stolen from clients in a 2014 hack this month, although it is unclear when, after years of postponed deadlines. The repayments will be made in bitcoin and bitcoin cash (BCH) and could add selling pressure to both markets, as previously reported.

Wallets tracked by Arkham show Mt. Gox wallets conducted test transactions in during the Asian morning, moving a total of $25 worth of bitcoin across three transactions to different wallets.

Entities holding large amounts of tokens are known to move insignificant amounts between wallets before larger transfers – which may indicate an intention to sell.

Arkham data also showed the German entity moved $175 million in BTC to various wallets, $75 million of which was sent to crypto exchanges Kraken and Coinbase. Arkham CEO Miguel More previously told CoinDesk that transfers from a wallet to an exchange may indicate an intent to sell tokens.

Meanwhile, bitcoin has now fallen below a widely followed technical indicator for the first time since October, signaling a possible downtrend in the months ahead.

Bitcoin Drops Below 200-Day Average, Brings Bull Market Trendline Into Focus

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Markets that consistently trade below the 200-day moving average are said to be in a downtrend.

Bitcoin’s (BTC) decline gathered pace as the largest cryptocurrency fell for a third straight day, dropping below the 200-day simple moving average (SMA), a good indicator of long-term price trends in both traditional and crypto markets.

The cryptocurrency slid below the average’s $58,492 level during European hours on Thursday to less than $57,300, a price last seen on May 2, according to data on charting platform TradingView.

Markets that consistently trade below the 200-day average are said to be in a downtrend, while those trading above the average are considered bullish. BTC rose past the 200-day SMA in October, when the average value was $28,000. The breakout – fueled by expectations for a spot bitcoin ETF in the U.S. – paved the way for a rally to record highs above $70,000 by March.

One factor in bitcoin’s price movements is the U.S. interest rate. As rates fall, the attraction of riskier investments such as cryptocurrencies increases. The minutes of the Federal Reserve meeting released Wednesday showed policymakers led by Chairman Jerome Powell do not want to cut rates until more data emerges to give them greater confidence that inflation is moving sustainably to their 2% target. That may come as early as tomorrow, when the Labor Department releases its non-farm payrolls figure for June.

“We believe hawkish comments from Jerome Powell and the ongoing selling pressure are likely to push BTC down to 52,000,” Valentin Fournier, a digital assets analyst at advisory firm brn, said in an email. “However, we recommend viewing this as a buying opportunity, as improving regulations around cryptocurrencies and cooling inflation in the US have not been fully priced in and are likely to bring strong momentum once investors shift focus to a longer-term vision.”

The sell-off may run out of steam if the payrolls data shows the labor market weakened in June. The figure is forecast to show payrolls increased by 195,000, a notable slowdown from 272,000 a month before, according to FXStreet. The jobless rate is forecast to have held steady at 4.0%, while average hourly earnings are projected to have slowed to 3.9% from 4.1% year-on-year.

The bull market progression can be identified by a rising trendline connecting October and January lows. BTC’s latest break below the 200-day line has put the focus on the bull market trendline support at $57,590.

A close (midnight UTC) below that level could lead to further selling and downward price momentum, as traders often use trendline breakdowns as indicators to make trading decisions.

Fournier is not alone in seeing further declines. According to Alex Kuptsikevich, a senior market analyst at FxPro, prices could slide to as low as $51,500 in the short term.

“From the current position, a 12% drop to $51.5k (February consolidation area) is more likely than the same amount of growth to $65.8k (50-day MA),” Kuptsikevich said in an email.

A Guide to UK Property Investment for Expats in Vietnam

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As a UK expat living in Vietnam, you may be considering investing in property back home.

This guide will walk you through the process, requirements, and considerations for buying UK property while residing in Vietnam. Whether you’re looking for a future home or an investment opportunity, understanding the intricacies of the UK property market and expat mortgages is crucial.

Understanding UK Mortgages for Expats in Vietnam

UK mortgages for expats in Vietnam are specifically designed to cater to the unique circumstances of British citizens living abroad. These mortgages allow you to purchase property in the UK while residing in Vietnam, opening up opportunities for investment or securing a future home.

Key Features of Expat Mortgages

Available for both residential and buy-to-let properties
Borrowing amounts starting from £100,000
Loan-to-value (LTV) ratios up to 80% for residential and 75% for buy-to-let
Acceptance of complex income structures
Options for new purchases and refinancing

Eligibility Criteria for UK Expat Mortgages

Before diving into the property market, it’s essential to understand the eligibility criteria for UK expat mortgages. While each lender may have specific requirements, here are some general factors that can influence your eligibility:

Income and Employment

Lenders typically look for a stable income source. As an expat in Vietnam, you may need to provide:

Proof of employment or self-employment
Recent payslips or tax returns
Employment contracts

Credit History

A strong credit history can significantly improve your chances of mortgage approval. Lenders may consider:

UK credit history (if available)
International credit reports
History of timely bill payments

Age and Retirement Plans

Your age and retirement plans can impact mortgage eligibility. Lenders often consider:

Your current age
Planned retirement age
Ability to repay the mortgage within a specific timeframe

Settlement Plans

Your long-term plans can affect your mortgage application. Lenders may ask about:

Duration of stay in Vietnam
Future plans to return to the UK

Types of UK Mortgages Available to Expats in Vietnam

UK expats in Vietnam have access to various mortgage options, depending on their investment goals and financial situation.

Residential UK Mortgages for Expats

If you’re planning to purchase a property for personal use, a residential mortgage might be suitable. Key features include:

Borrowing from £100,000
Up to 80% LTV
Options for new purchases and refinancing
Acceptance of complex income structures

Buy-to-Let UK Mortgages for Expats

For those looking to invest in rental properties, buy-to-let mortgages offer an attractive option. These mortgages typically feature:

Borrowing from £100,000
Up to 75% LTV
New BTL purchases and refinancing options
Acceptance of rental income and salary for affordability assessments

The UK Expat Mortgage Application Process

Securing a UK mortgage as an expat in Vietnam involves several steps. Understanding this process can help you prepare and increase your chances of approval.

1. Check Your Eligibility

Start by assessing your eligibility. Many mortgage brokers offer online forms where you can input details such as:

Your current location (Vietnam)
Employment status
Income details
Property specifics

2. Consultation Call

After checking your eligibility, you’ll typically have a consultation call with a mortgage broker. During this call, you can:

Clarify any details about your application
Explore your borrowing potential
Discuss your property investment goals

3. Finding the Right Mortgage

Your mortgage broker will search across various lenders to find the best fit for your needs. This may include:

High street banks
International building societies
Specialist lenders catering to expats

4. Agreement in Principle

If you’re happy with the proposed mortgage terms, you’ll receive an Agreement in Principle (AIP). This document outlines:

Potential mortgage terms
Loan amount
Interest rate
Repayment period

5. Full Mortgage Application

With an AIP in hand, you can proceed with your full mortgage application. Your broker will guide you through this process, ensuring all details are accurately provided.

6. Liaising with Relevant Parties

Throughout the process, your mortgage broker will handle communications with:

Estate agents
Solicitors
Other involved parties

This ensures a smooth process from application to property purchase.

7. Completing the Purchase

Once your mortgage is approved and all checks are complete, you’ll be ready to finalize the property purchase and receive the keys to your new UK property.

Challenges and Considerations for UK Expats Buying Property

While it’s certainly possible for UK expats in Vietnam to purchase property back home, there are several challenges and considerations to keep in mind.

Brexit Impact

Brexit has introduced some additional complexities for expats looking to invest in UK property. While it hasn’t made it impossible, you may face:

Stricter lending criteria
Potentially higher interest rates
More extensive documentation requirements

Currency Fluctuations

As an expat earning in Vietnamese dong, you’ll need to consider the impact of currency fluctuations on your mortgage repayments. This can affect:

The affordability of your mortgage over time
The overall cost of your property investment

Tax Implications

Owning property in the UK while residing in Vietnam can have tax implications. Consider:

UK income tax on rental income (if applicable)
Capital gains tax on property sales
Potential double taxation issues

Property Management

If you’re investing in a buy-to-let property, you’ll need to consider how to manage it from Vietnam. Options include:

Hiring a property management company
Relying on friends or family in the UK
Using online platforms for remote management

Benefits of UK Property Investment for Expats in Vietnam

Despite the challenges, there are numerous benefits to investing in UK property as an expat in Vietnam.

Potential for Capital Growth

The UK property market has historically shown strong capital growth, offering the potential for significant returns on investment over time.

Rental Income Opportunities

Buy-to-let properties can provide a steady stream of rental income, which can be particularly attractive if you’re planning for your eventual return to the UK or looking to diversify your income sources.

Currency Diversification

Investing in UK property allows you to diversify your assets across different currencies, potentially providing a hedge against fluctuations in the Vietnamese dong.

Preparing for Future Plans

Purchasing a UK property can be a strategic move if you’re planning to return to the UK in the future, providing you with a ready home or a familiar investment.

Tips for Successful UK Property Investment from Vietnam

To maximize your chances of a successful UK property investment while living in Vietnam, consider the following tips:

Work with Experienced Professionals

Partner with mortgage brokers, solicitors, and real estate agents who have experience working with expats. They can navigate the complexities of cross-border transactions and provide valuable insights.

Stay Informed About the UK Property Market

Keep yourself updated on UK property market trends, tax laws, and regulations affecting overseas investors. This knowledge will help you make informed decisions.

Plan for the Long Term

Property investment typically yields the best results over the long term. Consider your investment horizon and how it aligns with your future plans.

Understand All Costs Involved

Beyond the property price and mortgage costs, be aware of additional expenses such as:

Stamp duty
Legal fees
Property management costs (for buy-to-let investments)
Potential refurbishment or maintenance costs

Consider Your Exit Strategy

Even if you’re planning a long-term investment, it’s wise to have an exit strategy. Consider how and when you might sell the property in the future.

Conclusion

Investing in UK property as an expat in Vietnam presents both opportunities and challenges. By understanding the mortgage options available, navigating the application process, and considering the various factors involved, you can make informed decisions about your UK property investment.

Remember that while this guide provides a comprehensive overview, every individual’s situation is unique. It’s always advisable to consult with financial advisors, tax specialists, and experienced mortgage brokers who can provide personalized advice based on your specific circumstances.

With careful planning, thorough research, and the right professional support, UK expats in Vietnam can successfully navigate the process of buying property in the UK, whether for personal use or as an investment opportunity.

Excitement Builds for Korean and Vietnamese Music Festival in Ha Long This December

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The festival, organized by Viet 21 Events and Media Joint Stock Company, promises to be a grand spectacle with the theme “Ha Long – Wonder of the World, Destination of Stars.” The event will take place at Sun Carnival Ha Long Square, featuring 1 to 2 performances expected to draw crowds of up to 20,000 per night.

The festival will showcase top-tier Korean and Vietnamese artists, creating a unique fusion of musical talent that is sure to captivate audiences.

The Provincial People’s Committee has directed the Department of Culture and Sports to ensure the event complies with all regulations, emphasizing the importance of security, health, and environmental standards. Key agencies, including the Provincial Police, Provincial Military Command, Department of Transport, Department of Construction, Department of Health, and Ha Long City People’s Committee, will collaborate to support the festival’s smooth execution.

With meticulous planning and an exciting lineup, the Korean and Vietnamese Music Festival in Ha Long is set to be a landmark event, bringing together music lovers from across the region.

Nearly 2.7 million international visitors to Ho Chi Minh City in the first half of 2024

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In the first six months of 2024, the total tourism revenue of Ho Chi Minh City is estimated at 92.643 trillion VND, an increase of 14.6% compared to the same period in 2023, reaching 48.8% of the 2024 plan.

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According to the report on the socio-economic situation of Ho Chi Minh City for June and the first six months of 2024 by the Ho Chi Minh City Statistics Office, in the first six months of 2024, the total tourism revenue is estimated at 92.643 trillion VND. Domestic tourists to Ho Chi Minh City are estimated at 17,135,045 arrivals, and international tourists to Ho Chi Minh City are estimated at 2,678,275 arrivals.

In the first six months of 2024, the total tourism revenue of Ho Chi Minh City is estimated at 92.643 trillion VND, an increase of 14.6% compared to the same period in 2023, reaching 48.8% of the 2024 plan. Domestic tourists to Ho Chi Minh City are estimated at 17,135,045 arrivals, an increase of 4.4% compared to the same period in 2023, reaching 45.1% of the 2024 plan; international tourists to Ho Chi Minh City in the first six months of 2024 are estimated at 2,678,275 arrivals, an increase of 38% compared to the same period in 2023, reaching 44.6% of the 2024 plan.

The city has received and worked with over 84 delegations from both domestic and international sources to explore the investment and business environment, and to discuss activities related to trade and investment promotion.

Ho Chi Minh City organized 88 trade and investment promotion activities both domestically and internationally, attracting more than 9,935 businesses to participate, promoting and introducing products, and expanding the consumer market through a series of promotional events and market information sessions.

International trade fairs, product exhibition weeks; B2B connection activities between domestic enterprises and foreign enterprises, retail groups, and modern distribution systems; training and coaching activities to support businesses in brand building, product quality improvement, market development, and international economic integration; a series of conferences to attract and invite investments into key industries and major projects of Ho Chi Minh City.

By the end of June, commerce and services in Ho Chi Minh City were bustling with many programs implemented to stimulate consumption and serve the entertainment needs of the people during the summer tourist season.

Revenue from accommodation and food services in June 2024 is estimated at 11.123 trillion VND, accounting for 11.2% of the total retail sales of goods and consumer service revenue, an increase of 3.5% compared to the previous month and an increase of 3.0% compared to the same period last year.

Among these, accommodation revenue increased by 2.1% compared to the previous month and increased by 19.1% compared to the same period last year; revenue from food services increased by 3.7% compared to the previous month and increased by 0.9% compared to the same period last year.

In total, in the first six months of 2024, revenue from accommodation and food services is estimated at 62.523 trillion VND, an increase of 8.1% compared to the same period last year. Among these, the accommodation sector increased by 43.3% and the food service sector increased by 3.9%.

Revenue from travel services in June 2024 is estimated at 3.917 trillion VND, an increase of 19.6% compared to the previous month and an increase of 55.5% compared to the same period last year. In total, in the first six months of 2024, revenue from travel services is estimated at 19.049 trillion VND, an increase of 63.3% compared to the same period last year.

In the second quarter of 2024 alone, the total retail sales of goods and consumer service revenue is estimated at 284.042 trillion VND, an increase of 5.9% compared to the same period last year.

Among these, travel services increased by 64.3%, retail sales increased by 8.7%; accommodation and food services increased by 2.7%; other services decreased by 0.3%. Compared to the first quarter of 2024, total retail sales and consumer service revenue in the second quarter increased by 3.9%, among which retail sales increased by 4.8%, accommodation and food services increased by 6.3%, and travel services increased by 28.6%.

To achieve the goals and targets of the socio-economic development plan for 2024, in the last six months of the year, Ho Chi Minh City will strive to implement the tasks and solutions stated in Resolution No. 93/NQ-CP dated June 18, 2024.

One of the tasks and solutions mentioned by Ho Chi Minh City is to focus on developing the domestic market in conjunction with the campaign “Vietnamese people prioritize using Vietnamese goods”. Diversify activities and investment promotion methods, and closely link investment promotion activities with trade and tourism promotion activities.

Approve the Tourism Development Strategy of Ho Chi Minh City to 2030. Continue to implement the Smart Tourism Development Project in Ho Chi Minh City for the period 2021 – 2025, focusing on the project “Building a tourism service database system”. Implement the Ho Chi Minh City tourism stimulus program for 2024.

The Department of Tourism will coordinate with other departments to complete the monthly brand event series, promote early investment, and implement solutions to turn Ho Chi Minh City into a destination, extend the stay of tourists from 3 days to 5 days, and implement linkage solutions with provinces in the Mekong Delta.

@vtv.vn

Here’s the most searched tourist destination in Vietnam

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Surpassing other famous landmarks across the country, Dien Bien Phu has become the most searched keyword in the tourism sector, according to the Coc Coc platform’s search trend report.

Dien Bien Phu city attracts a large number of tourists during April-May. Photo: Hoang Manh Thang.

The Coc Coc search platform recently released its Q2 Search Trends Report, highlighting 6 key topics along with notable search keywords on Coc Coc.

Leading the trend are news related to EURO 2024, gold prices, and USD exchange rates. ChatGPT and Scratch are the most popular technology applications. The most followed fields are entertainment, technology, sports, tourism, finance, and real estate.

In the tourism sector, “April 30th holiday” is the most popular search keyword. Notably, the parade commemorating the 70th anniversary of the Dien Bien Phu victory also garnered significant attention.

Thanks to this, Dien Bien Phu has become the second most popular search keyword in the overall tourism category and the most trending in domestic tourism, with a 443% increase in search volume.

Q2 coincides with the start of the summer tourism season. Therefore, domestic beach tourism has increased its appeal, with Phu Yen, Nha Trang, and Phu Quoc standing out the most, with search growth rates of 52%, 35%, and 19%, respectively, compared to the previous quarter.

Additionally, along with the international fireworks festival held in June-July, Da Nang, the Da Nang 2024 fireworks schedule, and the Da Nang 2024 fireworks festival also became notable search keywords this quarter.

Danang Fireworks Festival has also been searched a lot on Coc Coc platform recently.

Other frequently searched tourist destinations include Hai Phong, Ninh Binh, Da Lat, Hue, and the ancient town of Hoi An.

Regarding international tourism, Spain, the USA, Singapore, Malaysia, and South Korea topped the most searched keywords on Coc Coc in Q2.

This summer, weather phenomena such as heatwaves and thunderstorms tend to occur suddenly and more extremely. Therefore, “weather” has become the highest-searched keyword in the tourism category in Q2.

Moreover, booking applications and airlines continue to be among the most popular search content in this category.

In recent years, tourism combined with outdoor photography has become a trend and a popular habit in daily life. The most attention-grabbing in Q2 are flower landscapes, with cherry blossoms, hydrangeas, and purple queen flowers as the top trending search keywords.

The search trend report is published quarterly by the Coc Coc search platform to highlight the most notable and searched keywords and content. In Q1, the most popular keywords were Peach, Pho, and Piano; gold prices; drunk driving fines; cheap airline tickets, and job-hopping.

@Znews

Miss Korea Han Hye Jin travels to Phu Quoc

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The beauty who was crowned Miss Korea 2020 posted pictures from her vacation in Phu Quoc on July 1st.

Han Hye Jin check-in at Phu Quoc beach. Photo: @modelhanhyejin.

Sharing on her personal Instagram page, Miss Korea Han Hye Jin praised the delicious food and beautiful scenery in Phu Quoc. She didn’t hesitate to show off a series of photos featuring her slender legs, attracting tens of thousands of likes.

“Has everyone had their summer vacation yet? I had a getaway in Phu Quoc. I had a wonderful time on the beach, enjoying the sunset, strolling, and eating lots of delicious food,” she wrote.

In this series of photos, Han Hye Jin wore tight-fitting black clothes, subtly showcasing her legs. Additionally, she reminded her fans to take care of their health during the current unpredictable weather.

Miss Han Hye Jin posted a photo at a resort in Phu Quoc on July 1. Photo: @modelhanhyejin.

Before Han Hye Jin, Phu Quoc was a favored destination for some other Korean artists like Pyo Ye Jin, the actress from the drama Taxi Driver. She visited pearl island in November 2023 and checked in at a luxurious, high-end resort at Bai Khem, An Thoi, Phu Quoc.

Han Hye Jin (from Jeonbuk) is about 1.77 meters tall. In 2020, she was a freshman in the Department of Broadcasting and Entertainment at Dongduk Women’s University and was crowned Miss Korea at just 22 years old. Currently, Hye Jin is a model and participates in several reality TV shows.

According to data released by the General Statistics Office on the morning of June 29, South Korean tourists continued to lead the number of international visitors to Vietnam with 2.28 million arrivals in the first six months of the year, followed by China with nearly 1.9 million arrivals.

@Znews

Korean tourists are the most numerous in Vietnam

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In the first six months of 2024, the number of international tourists to Vietnam reached over 8.8 million, an increase of 58.4% compared to the same period last year and an increase of 4.1% compared to the same period in 2019.

Korean tourists take photos at Tan Dinh Church (District 3, Ho Chi Minh City) on February 29. Photo: Linh Huynh.

According to data released by the General Statistics Office on the morning of June 29, in June alone, the number of international tourists to Vietnam reached over 1.2 million, an increase of 28.1% compared to the same period in 2023.

Overall, in the first six months of the year, the number of international tourists to Vietnam reached over 8.8 million, an increase of 58.4% compared to the same period last year and an increase of 4.1% compared to the same period in 2019, the year before the Covid-19 pandemic.

Of the total 8.8 million international tourists to Vietnam, those arriving by air reached 7.4 million, accounting for 83.8% of international arrivals, and an increase of 51.6% compared to the same period last year; arrivals by road reached nearly 1.3 million, accounting for 14.3%, and an increase of 99%; arrivals by sea reached 164,900, accounting for 1.9%, and an increase of 199.5%.

Korea continues to be the market sending the largest visitors to Vietnam in the first 6 months of 2024. Photo: Linh Huynh.

The General Statistics Office stated: “Favorable visa policies and tourism promotion programs in 2024 have been intensified across localities nationwide, attracting a significantly higher number of international tourists compared to the same period last year.”

Asia remains the largest source market for tourists to Vietnam with over 6.9 million arrivals, an increase of 65.7%. Europe follows this with over 1 million arrivals, an increase of 52.4%; the Americas with 536,800 arrivals, an increase of 13.4%; and Australia and Africa with 266,600 and 25,300 arrivals, respectively, increases of 31.8% and 104.4%.

South Korea continues to be the largest source market for tourists to Vietnam this year with 2.28 million arrivals in the first six months. China ranks second with nearly 1.9 million arrivals. Other markets in the top 10 include Taiwan (China), Japan, the USA, Australia, India, Malaysia, and Cambodia.

In the first six months of 2024, accommodation and food services revenue is estimated at VND 356.4 trillion, an increase of 15.2% compared to last year. Some localities saw significant increases in accommodation and food services revenue compared to the same period last year, such as Quang Ninh (up 25.2%), Da Nang (up 22.2%), Hai Phong (up 15.0%), Hanoi (up 11.3%), Can Tho (up 11.2%), and Ho Chi Minh City (up 8.1%).

Tourism and travel service revenue in the first six months is estimated at VND 29.4 trillion, an increase of 37.1% compared to last year, as localities have actively promoted and marketed tourism activities from the beginning of the year, attracting domestic and international tourists.

Ho Chi Minh City saw a 42.2% increase in tourism and travel service revenue compared to the same period last year, followed by Da Nang (up 38.6%), Can Tho (up 33.7%), Hanoi (up 28.9%), Quang Ninh (up 21%), Binh Duong (up 18.5%), and Hai Phong (up 10.5%).

@Znews

Streamlining Your Finances: The Importance of Managing Bills and Invoices

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In today’s fast-paced world, keeping track of finances can be a daunting task. Whether you’re an individual managing personal expenses or a business owner overseeing multiple financial transactions, understanding and effectively managing your financial documents is crucial. This article will delve into the importance of these documents and provide practical tips for staying organized and efficient.

The Role of Financial Documents

Bills and invoices are fundamental components of financial management. A bill is a statement of money owed for goods or services provided, typically detailing the amount due and the payment deadline. An invoice, on the other hand, is a document issued by a seller to a buyer, specifying the products, quantities, and agreed prices for products or services the seller has provided. While they serve slightly different purposes, both are essential for tracking financial transactions and ensuring timely payments.

Why Managing Financial Documents Matters

Financial Health: Proper management of your financial documents is critical for maintaining financial health. Paying bills on time avoids late fees and interest charges, which can quickly add up and strain your finances. For businesses, timely invoicing ensures a steady cash flow, which is vital for operations and growth.

Budgeting: Keeping track of financial documents helps in accurate budgeting. By knowing what expenses are upcoming and what income is expected, you can plan accordingly and avoid overspending. This is especially important for businesses that need to manage cash flow to meet operational needs and investment opportunities.

Tax Preparation: Having organized records of all bills and invoices makes tax preparation much easier. Accurate documentation ensures that you can claim all eligible deductions and avoid potential issues with tax authorities.

Avoiding Fraud: Regular monitoring of financial documents can help detect fraudulent activities early. Discrepancies in billing amounts or unauthorized charges can be identified and addressed promptly, protecting your finances from potential loss.

Tips for Effective Management

Use Digital Tools: Leveraging technology can significantly simplify the management of your financial documents. Accounting software and apps can automate many processes, such as tracking due dates, sending reminders, and generating reports. This reduces the risk of human error and saves time.

Organize Documentation: Keep all financial documents organized in a systematic manner. For physical documents, use labeled folders or a filing cabinet. For digital documents, create a structured folder system on your computer or use cloud storage for easy access and backup.

Set Reminders: Setting up reminders for payment due dates can prevent missed payments. Many financial apps offer this feature, or you can use calendar alerts on your phone or computer.

Regular Review: Make it a habit to regularly review your financial documents. This helps in identifying any discrepancies or errors and ensures that all transactions are accounted for. Regular reviews also provide an overview of your financial situation, helping in better decision-making.

Communicate with Vendors and Clients: For businesses, maintaining open communication with vendors and clients about billing and invoicing is essential. Clear terms and conditions, along with prompt follow-up on unpaid invoices, help in maintaining healthy business relationships and ensuring timely payments.

Conclusion

Effectively managing your financial documents is not just about keeping track of money owed and money received; it’s about ensuring financial stability and growth. By implementing organized systems and utilizing digital tools, you can streamline your financial management processes, reduce stress, and focus on what truly matter achieving your personal and business financial goals. Whether you’re managing your household budget or overseeing a business’s finances, paying attention to bills and invoices is a key step towards financial success.

VinFast Launches VF 5 Electric SUV in Indonesia

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The VF 5 is priced at 310 million IDR. With the battery rental option, it costs 242 million IDR, with rental fees ranging from 990,000 IDR/month for up to 1,500 km, 1,415 million IDR/month for up to 3,000 km, and 2,360 million IDR/month for over 3,000 km.

The VF 5 comes with an impressive warranty: 7 years or 160,000 km for the vehicle and 8 years with unlimited kilometers for the battery.

Temmy Wiradjaja, General Director of VinFast Indonesia, stated, “The official sale of the VF 5 marks a significant milestone in our journey to capture the Indonesian electric vehicle market, showcasing VinFast’s dedication to developing high-quality products that cater to diverse customer needs.”

The VF 5 features a maximum engine capacity of 70 kW and torque of 135 Nm. It is equipped with a 29.6 kWh Lithium battery that can be rapidly charged from 10% to 70% in just 34 minutes.

Safety is a priority for the VF 5, which includes features like ABS anti-lock braking, electronic brake force distribution (EBD), emergency brake assist (BA), and an electronic stability control system (ESC).

VinFast has already introduced the VF e34 electric car and opened a dealership in Jakarta. The company plans to build an electric vehicle factory in Indonesia, highlighting its commitment to the Indonesian market and its strategic business approach.