Emerging market economies list

Experts believed that the government’s decision on increasing foreign holding will be a springboard for foreign investors to penetrate into the Vietnamese burgeoning market. The Vietnamese aviation market is expected to undergo significant changes next year as the government opens up more room for foreign investors in the industry amid share sale plans of domestic airlines. Under new regulations on the conditional business lines in the aviation sector, effective from January 1, 2020, Vietnam will raise the foreign ownership limit in domestic air carriers to 34% from the current 30%. Analysts from Ho Chi Minh City Securities Corporation forecast that Vietjet would be the first airline to reach the new foreign holding limit as the budget airline seeks a strategic partner by 2020. A higher foreign holding ratio will be also expected at Vietnam Airlines that will have to unload 35.19% of state holding in order to reduce state ownership to 51% from the current 86.19% under the … [Read more...] about Foreign investors grasp more control overn Vietnam’s aviation market

S&P cut its outlook from its previous assessment of "stable" on Thursday, warning that economic rebalancing away from investment towards services was taking longer than expected.Chinese foreign ministry spokesman Hong Lei said on Friday that the country was "in the process of economic transformation" and that economic fundamentals were stable. “We hope the relevant organisation can have a comprehensive understanding of China’s economic development, and make an objective judgement,” he added at a regular briefing. Beijing posted its slowest economic growth in a quarter century last year as it grappled with a tough transition away from dependence on heavy industries toward a consumer-driven growth. Fluctuations in the exchange rate and stock markets last summer and slow progress on market reforms in state-dominated sectors undermined confidence in leaders' willingness to push for change. S&P kept its rating on Chinese sovereign bonds unchanged at … [Read more...] about China insists economy stable after S&P lowers outlook

Home prices saw the steepest increase ever in early 2019 before the gains were trimmed by weakened sentiment and falling sales in the second half of the yearOffice rents peaked in Q1 and have since fallen over the course of 2019The retail sector was hardest hit by the social unrest which stifled any hope of a rebound in retail rents for core submarketsThe volume of major property transactions shrank to a 10-year low alongside the decline in commercial real estate rentsThe leasing and investment outlook across all sectors in 2020 is set to remain subdued as US-China trade tensions and local social unrest continue to weigh on sentiment.HONG KONG, CHINA - Media OutReach - 10 December 2019 - The Hong Kong property market has borne witness to the city's turmoil in 2019. Home prices experienced their steepest increase in the first half of 2019 but have seen those gains trimmed in recent months in the face of the growing social unrest. The ongoing trade tensions and … [Read more...] about Hit by Double Woes, Hong Kong Property Market Heads for an Uncertain 2020

Vinh Phuc has planned to develop a total of 50 industrial parks and clusters, covering a total area of ​​more than 5,890ha. — Photo banqlkcn.vinhphuc.gov.vn The northern province of Vinh Phuc has become popular among domestic and foreign investors thanks to its breakthrough on socio-economic development, favourable location, young population and abundant labour force and a high proportion of trained workers. Located close to Ha Noi, Vinh Phuc has to date attracted 752 domestically-invested projects with a total registered capital of more than VND78 trillion (US$3.34 billion). It has also lured 378 foreign-financed projects worth more than $5 billion. These impressive results are attributable to the province’s endless efforts to improve its investment climate and to facilitate investors to solve challenges to implement their projects in a timely manner. In the past, the province has always ranked high on the Provincial Competitive Index (PCI) which has been … [Read more...] about Vinh Phuc emerges as an attractive investment destination

The hottest event of HCM City’s real-estate market during the year end, the Novaland Expo, has wrapped up after attracting nearly 20,000 visitors over five days. Many Vietnamese and foreign investors and customers were impressed at the expo organised by the giant real-estate developer, Novaland Group. Novaland had on display all the key property segments it is developing. Among the most impressive sights for visitors were miniature versions of Sakura Beach and Korea Garden in NovaWorld Ho Tram in Ba Ria-Vung Tau, Aqua City project in Dong Nai, and NovaWorld Phan Thiet. As the event was winding up, more and more visitors began to come. Linh Dan, a customer from District 5, said: “I have visited many exhibitions organised by Novaland but this was the biggest ever.” She said she was really excited she came, revealing she had decided to invest in two more products after visiting the expo. About 20,000 visitors come to the Novaland Expo looking for new products and … [Read more...] about 5-day Novaland Expo leaves prospective buyers excited