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Thang Long II Industrial Zone in My Hao District, Hung Yen Province. — VNA/VNS Photo The supply of industrial property in the South is expected to rise further in the next five years to capitalise on the increasing demand in the region, and further strengthen its leading position in terms of supply, according to JLL Vietnam. The provincial governments have shown further plans to establish new IPs of roughly 23,400 ha in the future, which are all in notable markets surrounding HCM City. The ready-built factory market was also buoyant, with the expected new launch of roughly 897,000 sq.m of ready-built factories by the end of 2021. Nguyen Hong Van, JLL Vietnam’s Director of Markets, said since technology conglomerates continue to eye Viet Nam for production relocation, the demand for industrial land and ready-built factory remains vibrant. To lure foreign investments, localities in the Northern area have shown strong commitment to promote IPs, with roughly 10,500 ha of … [Read more...] about Strong supply keeps pouring into the industrial market: JLL

Illustrative photo JOURNALIST: - Sir, do you think the USA will return to renegotiate the terms for the CPTPP deal with other countries? Dr. VO DAI LUOC: - The question of whether the USA will return to the CPTPP deal or not is a matter of great concern, not only for countries that are members of the CPTPP but also for other ally countries of America. I think that although the US President Joe Biden wants to rejoin the CPTPP right now, there is also an overwhelming leaning towards multilateral Free Trade Agreements (FTAs). So in the short term, the US may not be able to renegotiate to rejoin the CPTPP. The reason is that the more Free Trade Agreements develop, the less are the chances of the US once again rejoining the CPTPP. For instance, at present many countries are benefiting much more from FTAs because of more capital flow, and better markets, labor, and technology. However, voters in developed countries, like the US, believe that they are at a disadvantage because … [Read more...] about Concerns over renegotiation of Trans Pacific Partnership

Lychee being canned for export to the US. Viet Nam's exports to the US in the first two months of the year accounted for $13.83 billion or 28.4 per cent of total exports. VNA/VNS Photo Vu Sinh Exports for the year as of March 15 were worth US$62.01 billion, a year-on-year increase of 22.7 per cent, according to the General Department of Viet Nam Customs. Exports to the US in the first two months of the year accounted for $13.83 billion or 28.4 per cent of total exports. In recent years the US has become Viet Nam’s biggest market. Last year, for instance, at $76.4 billion it accounted for 27 per cent of the latter’s total exports. Than Duc Viet, general director of Garment 10 Joint Stock Company, said there were several factors behind Viet Nam’s rapid growth in exports including to the US. Primarily, he said, the COVID-19 pandemic has gradually been controlled around the world, especially after several countries started vaccinating their populations, enabling many of them to … [Read more...] about Viet Nam’s exports to the US expected to rise sharply

According to the National Center for Hydrology Meteorology Forecasting, both the Northern and North- Central regions including the capital city of Hanoi will be likely to experience tropical downpours later today with the average rainfalls of 80-150 mm and possible thunderstorm, lightning, whirlwinds. From tonight, the northeastern region and Thanh Hoa Province will enjoy a cooler climate than previous days. Meanwhile, medium-heavy rains and thunderstorms are predicted for many parts of the Southern region at nighttime as heatwaves are expected to continue. The same weather condition is forecast to hit the Southern coastal provinces and cities from Da Nang to Binh Thuan from April 20-23. Amidst the dangerous weather warnings, the Standing Office of the Central Steering Committee for Natural Disaster Prevention and Control yesterday requested the Steering Committee for Natural Disaster Prevention and Control in the Northern and North- Central provinces to promptly plan … [Read more...] about Downpour, thunderstorm forecast across country, heatwaves continue

Chubb Life Vietnam always stands ready to provide timely and practical support to the community Since opening its first office in the country in 2005, Chubb Life Vietnam has focused on creating a positive impact and sustainable development for the communities in which it operates. The company now employs over 40,000 employees and agents, in over 140 offices across Vietnam and makes an important contribution to the development of the country’s education system. To date, Chubb Life Vietnam and the Chubb Charitable Foundation have contributed over VND30 billion ($1.3 million) to the construction of nine new schools in Central Vietnam. The company has also funded new educational equipment to schools and awarded scholarships to support thousands of underprivileged students in their schooling. To date, Chubb Life Vietnam and the Chubb Charitable Foundation have contributed over VND30 billion ($1.3 million) to the construction of nine new schools in Central Vietnam. “We … [Read more...] about Chubb Life Vietnam awarded Certificate of Merit by Minister of Education and Training