The investment market remained subdued in Q3 as local and foreign buyers remained on the sidelines. Year-to-date, a total of 32 major deals (each with a consideration of over HK$100 million) have been recorded, of which just 10 were for commercial property. Despite the fall in demand from local buyers, demand from PRC buyers remained relatively stable, resulting in their accounting for half of the deals concluded in the quarter. Among sectors, industrial was among the most active, supported by purchases of en-bloc building. In contrast, investment into retail, one of the sectors hardest hit by the pandemic, remained muted. … [Read more...] about A 10% drop in residential prices is projected for 2020 as the unemployment rate is forecasted to reach 7%; Investment market remains subdued with 50% of deals in Q3 involving PRC buyers
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Ninh Thuan to implement water-by-wind demonstration project According to the plan, the total cost of the demonstration project will be €1.2 million ($1.42 million), of which the Belgian government pays €700,000 ($829,430) and SUL will pay €500,000 ($592,450). The demonstration project will combine with four parts, including a floating part and a section to generate, store, and supply electricity, as well as a water production system and the central control unit. … [Read more...] about Ninh Thuan to implement water-by-wind demonstration project
In Thursday’s press release, the U.S. State Department affirms that the country stands shoulder-to-shoulder with its ASEAN partners to mitigate the current pandemic, and also to strengthen ASEAN’s ability to prevent, detect, and respond to future zoonotic and other infectious disease outbreaks. … [Read more...] about US CDC to open Southeast Asian office in Hanoi: State Dept.
Held by Enterprise Asia, a non-governmental organization for entrepreneurship, the Asia Responsible Enterprise Awards (AREA) is a regional recognition program for corporations and organizations with commendable Corporate Social Responsibility (CSR) programs. … [Read more...] about Vietnam’s VinCommerce wins Asia’s most prominent CSR award
Quang Ninh has proactively invested in infrastructure development, particularly in transport, according to Secretary of the provincial Party Committee Nguyen Xuan Ky. Total investment under the public-private partnership (PPP) model in transport over the last five years stands at nearly 50 trillion VND, Ky said, with only about 9 percent sourced from the State. … [Read more...] about VIETNAM’S BUSINESS NEWS HEADLINES SEPTEMBER 8