The Hanoitimes - Population in Phu Quoc likely triples in 2030, resulting high demand for hospitality industry. The administration upgrading has made Phu Quoc the first island city in Vietnam, opening up an era for the locality equal in size to Singapore. The tourism-based island city is destination for upcoming real estate investment. Photo: Kiengiangtravel The move is considered a momentum for the island that is well-known for tourism, creating favorable conditions for the mushrooming of real estate projects, local experts have predicted. It triggers a question on how Phu Quoc’s real estate attractive to investors. The expertise might offer a broader view of the potential there. Dang Phuong Hang, managing director, CBRE Vietnam, said that real estate ecosystem models like hospitality will match the tourism-based island. The development of tourism will support the growth of three-pillar model namely hospitality real estate, entertainment, and high-end … [Read more...] about What makes Phu Quoc’s real estate attractive to investors?
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VIETNAM BUSINESS NEWS Rice exports enjoy opportunities for breakthrough in 2021 High hopes are pinned on Vietnam’s rice exports in 2021 when major export markets such as the Philippines and Africa continue to sign contracts to buy rice from Vietnam, while many others have great demand for fragrant rice and sticky rice – which are advantageous staples of Vietnamese enterprises. The bilateral and multilateral free trade agreements between Vietnam and other countries such as the EU-Vietnam and the UK-Vietnam FTAs with preferential tariffs would create favourable conditions for Vietnamese rice to compete with that from rival countries, the Vietnam Food Association said. According to the Vietnamese Trade Counsellor in the UK Nguyen Canh Cuong, rice shipments to the country this year will sharply rise against 2020. He added more UK firms will purchase Vietnamese rice under the UK-Vietnam FTA, creating a chance for Vietnamese rice to expand its market share in the UK this year. … [Read more...] about VIETNAM BUSINESS NEWS FEBRUARY 15
After a period of working hard and making large fortunes, many businesspeople have chosen to leave the market and get back to nature where they can lead quiet lives. Growing vegetables, raising fish and living in peace Nguyen Hoang Nam in Ba Dinh district in Hanoi had never thought of leaving the capital city, where he had been living for 50 years, until he took a trekking tour on a motorbike to the highlands. During the trip, Nam discovered the quietness in the mountains and forests, and the wonderful environment with pristine nature and fresh air. After that, he began thinking about abandoning everything and living in the forests. He hinted at his intention during family dinners, but his plan was not supported by other family members. In 2017, Nam decided to buy a 5 hectare land plot in Hoa Binh to settle down there. He began building a house, improved the soil, and grew vegetables on the land. After two years of development with the total cost of VND1.5 billion, he … [Read more...] about Businesspeople spend big money to get back to nature
Vietnam has a number of large private corporations of international stature over the last 30 years of development. But the number of these enterprises is very modest. Reports all show that though Vietnam’s private enterprises have been growing rapidly in the last 30 years and Vietnam has dollar billionaires, the private sector has not yet become a powerful force as expected to serve as the important driving force of the national economy. According to the Vietnam Chamber of Commerce and Industry (VCCI), large enterprises just account for 2 percent of total operational private enterprises, and medium enterprises 2 percent. The remaining enterprises, accounting for 96 percent, are small and micro sized. The non-state economic sector makes up 43 percent of GDP, but private enterprises just contribute 10 percent, while the remaining is from individual and household businesses. Pham Chi Lan, a respected economist, commented that the private sector has been undergoing a difficult … [Read more...] about Vietnam lacks large private corporations
Vietnam has no COVID-19 case to report on February 28 morning Vietnam saw no new COVID-19 case over the past 12 hours to 6am February 28, making the national tally unchanged at 2,432, according to the National Steering Committee for COVID-19 Prevention and Control. Among the total, 1,530 were locally infected, including 837 cases since January 27. A total 1,844 COVID-19 patients have recovered so far, and the death toll remains at 35. Among those still under treatment, 32 have tested negative for SARS-CoV-2 once, 50 twice and 100 thrice. By February 27 afternoon, 10 provinces and cities had gone through 14 consecutive days without new locally-infected cases of COVID-19. As many as 63,054 people who had close contact with confirmed patients or returned from pandemic-hit regions are being quarantine across the country./. First Vietnam medical achievement award calls 16 winners The Voice of Ho Chi Minh City (VOH), the local official radio broadcasting … [Read more...] about VIETNAM NEWS HEADLINES FEB. 28