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Experts warn that Vietnam could fall behind in the regional tourism competition if it doesn't implement visa waivers

Experts argue that Vietnam must promptly eliminate visa requirements for citizens of key tourism source markets to avoid falling behind its Southeast Asian counterparts. Prime Minister Pham Minh Chinh's directive on Feb. 23 urged immigration agencies to explore visa waivers for stays ranging from six to 12 months for visitors from affluent nations and to broaden the roster of countries whose citizens are visa-exempt. Martin Koerner, chairman of...

Tax evasion among the wealthiest Americans exceeds $150 billion annually

The Internal Revenue Service (IRS) of the United States estimates that millionaires and billionaires in the country are evading over $150 billion in taxes annually. Despite a 50% increase in the number of taxpayers earning over $1 million per year, audits for this group have declined by more than 80% over the past decade, as per IRS statistics cited by CNBC. Audits of taxpayers earning over $1 million a year have declined by more than 80% over...

Vietnamese nationals living abroad are eagerly purchasing real estate within the country

Foreign Vietnamese are spending big on apartments and land in Vietnam, which they consider a good investment assets compared to prices in developed markets. Harry Nguyen from Australia bought a 100-square-meter apartment in Da Nang City last December for just over VND3 billion ($122,000), which he said was a "sound" investment. "The same apartment would have cost me around $1.5 million in Hong Kong, $400,000 in Australia and $300,000 in the P...

A Thai individual has been apprehended for assaulting a female tourist from China in Pattaya

Police in Thailand have apprehended a 41-year-old local man for attempting to assault and rob a Chinese female tourist in a secluded forest near Pattaya city. The suspect confessed to authorities that he initially intended to sexually assault the tourist, but when that plan failed, he resorted to stealing her belongings, as reported by ThaiPBS World. In an attempt to evade capture, he tried to fatally injure her by setting her on fire, but fortu...

Vietnam Poised for Greatest Wealth Expansion in the Coming Decade

Vietnam is poised to experience the most significant surge in wealth growth globally over the next decade as it positions itself as a key global manufacturing hub. According to forecasts from New World Wealth, the country is expected to see a staggering 125% increase in wealth, marking the largest expansion in terms of GDP per capita and the number of millionaires. A woman (L) walks past as a girl poses for photographs outside a luxury store a...

Scams offering seasonal work in Korea are widespread in Vietnam

With the loss of orders and ongoing layoffs at her company, Tran Thi Lan, a garment worker in HCMC, turned to the internet in search of a new job opportunity. Initially uninterested in working abroad, she stumbled upon enticing advertisements for seasonal employment in South Korea. "The offers seemed too good to pass up," she recalls. "Promises of earning VND40-45 million (US$1,640-1,840) per month with minimal effort seemed like a dream." At f...

Thailand prolongs the visa waiver for affluent tourists from Kazakhstan for an additional six months

The Thai government has opted to prolong the visa-free policy for affluent Kazakh tourists for an additional six months until August 31, aiming to stimulate tourism expenditure. Each Kazakh tourist typically spends around 75,000 baht (US$2,083) on average, surpassing the general visitor expenditure of about 45,000 baht each, as stated by Prime Minister Srettha Thavisin, as reported by Bangkok Post. Srettha remarked that the decision to extend t...

This year, there is a demand for 103,000 employees among Apple's suppliers in Vietnam

U.S. tech giant Apple’s contract manufacturers in Vietnam plan to hire over 103,000 workers this year, mostly for their factories in northern Bac Giang Province. Foxconn, Apple's biggest supplier, needs 15,000 workers for its plants in the Dinh Tram and Quang Chau industrial parks (IPs) in the first half of the year, and 12,000 in the second. New Wing Interconnect Technology, a Foxconn subsidiary based in the Van Trung IP, will hire 27,000 wo...

A premium transportation service exclusively for millionaires has been introduced in Dubai

High-end car-hailing service Wheely will offer member-only services with a minimum fare of $40.8 in Dubai to capitalize on the city’s influx of ultra-wealthy individuals. Clients will be chauffeured in a W223 Mercedes-Benz S-Class outfitted with amenities from prestigious brands such as Acqua di Parma’s car diffuser, Oshibori Concept’s towels and bottles of FIJI Water. The premium experience comes with a rate of AED5 ($1.36) per minute and pe...

David by Michelangelo receives spa treatments in Florence

Every two months, Michelangelo's masterpiece completed in 1504 undergoes a careful cleaning at its home in Florence's Accademia Gallery, where it has resided for over 150 years. Considered by many awestruck viewers to represent the perfect man, the 17-foot-high (5.1 metre) sculpture carved from a single block of marble stands alone under the skylight of the domed gallery on Mondays, when the museum is closed. His personal restorer, Eleonora P...