A worker checks steel products at an industrial zone in the northern province of Bac Giang. The province has granted licences to 46 FDI projects with total investment of US$152.2 million, bringing the total numbers to 233 projects and $3 billion. — VNA/VNS Photo Danh Lam Viet Nam is among the few ASEAN member countries to consistently improve its attractiveness to foreign investors due to its growing economy and improving business climate, according to experts. According to Berly D. Alvarez, chairman of the Philippines’s Kaunlad Lending Investors Corporation and a speaker at the 2018 Horasis Asia Meeting held recently in Binh Duong Province, Viet Nam’s ability to attract FDI is due to its consistent economic reform, a young and increasingly urbanised population, affordable labour, constant improvements to its business climate, and political stability. The fact that it hosted the 2017 APEC meetings highlights its regional economic integration and steadily improving … [Read more...] about Viet Nam an FDI magnet in Southeast Asia: experts
Viet nam house
Technology simplifies house renting in Viet Nam
Viet Nam News By Thu Ngân HCM CITY – “If you have never lost your deposit while renting a house, you have not grown up yet.” When a young woman entrepreneur said this in jest on Shark Tank, the reality TV show for start-ups, audiences laughed but recognised she was telling it as it was: it is risky and not easy to rent a house in Việt Nam. For a long time the demand for rented houses and condos in cities has kept increasing, mostly from students who leave their hometown and move to cities for study. Renting a house in cities has never been easy for students and other renters because of the high risk of losing one’s deposit or getting ripped off in the form of high rents. Such problems could now become a thing of the past thanks to modern technologies as young entrepreneurs apply big data and use social media to create phone applications for house leasing services. The young lady on Shark Tank is one such. Cathy Thảo Trần was … [Read more...] about Technology simplifies house renting in Viet Nam
Viet Nam shares recover after sharp global falls
Viet Nam News HÀ NỘI — Vietnamese shares bounced back on Friday following sharp falls earlier this week that had lowered stocks to attractive prices, triggering investors to bottom-fish. The benchmark VN-Index on the HCM Stock Exchange gained 2.56 per cent to close at 970.08 points, reversing its loss of 4.84 per cent in the previous session. For the whole week, the VN-Index fell in three out of five sessions. The index dropped 38.31 points or 3.8 per cent this week. The minor HNX Index on the Hà Nội Stock Exchange rose 2.41 per cent to end at 109.76 points after having decreased by 5.79 per cent on Thursday. More than 291.6 million shares were traded on the two local exchanges, worth VNĐ5.9 trillion (US$252 million). The trading figures were down 36 per cent in both volume and value compared to Thursday’s numbers. The market trading condition was positive with 355 gaining stocks against 115 declining, while 276 other stocks were unchanged. … [Read more...] about Viet Nam shares recover after sharp global falls
Remittances to Viet Nam could fall due to US policies
The remittances come to Viet Nam mainly through four channels – banks, currently accounting for 72 per cent, economic organisations, customs agencies, and the postal system. — Photo vnexpress.net Overseas remittances to Viet Nam are expected to decline mainly due to global factors. Analysts said they include US President Donald Trump’s anti-immigrant policies, the US Federal Reserve’s policy of raising interest rates and the US-China trade war. Statistics from the United Nations Development Programme show that 60 per cent of the remittances to Viet Nam comes from the US while Europe accounts for around 20 per cent. Other major sources are China, South Korea and Japan. The remittances come to Viet Nam mainly through four channels – banks, currently accounting for 72 per cent, economic organisations, customs agencies, and the postal system. Overseas Vietnamese living in the US, Canada, Germany and France account for the most remittances. HCM City is … [Read more...] about Remittances to Viet Nam could fall due to US policies
International hotel operators flock to Viet Nam’s bustling tourism scene
The Fusion Maia in Da Nang. Viet Nam is quickly emerging as a top global travel destination and a key focus market for international hotel groups. The country is among the 10 fastest growing tourist destinations in the world, according to the United Nations World Tourism Organisation (UNWTO)’s 2018 Tourism Highlights Report. Overall tourist numbers rose by 19 per cent to 86 million last year, while the number of international arrivals increased by a whopping 29 per cent. The luxury hotel sector continued to see a better year with EBITDA (earnings before interest, taxes, depreciation and amortization) last year increasing by 1.7 per cent, according to Grant Thornton Vietnam’s 2018 Hotel Survey. RevPAR (Revenue per available room) for hotels continued to grow, but at different rates for each star ranking — 7.6 per cent for four-star hotels and 10.2 per cent for five-star — the survey showed. As Viet Nam’s tourism market grows, international operators would … [Read more...] about International hotel operators flock to Viet Nam’s bustling tourism scene
Viet Nam – attractive destination for estate investors
Viet Nam will become an attractive destination for real estate investment and business because of the high demand for housing, industrial park infrastructure, shopping malls, and tourism property. Minister of Construction Pham Hong Ha made the statement at the three-day International Real Estate Conference 2018 (IREC) under the theme “Viet Nam: A World of Opportunities” which opened in Ha Noi on Thursday. More than 300 international guests and thousands of Vietnamese delegates took part in the event. Ha said the recent growth of the property market has contributed to the fast and sustainable development of Viet Nam. “It also contributes to the strong development of financial, securities, labour and service markets and many related industries, such as construction and building materials,” he added. He noted the Vietnamese Government highly values the active role and efforts of domestic and foreign businesses in the country’s property market. “Real … [Read more...] about Viet Nam – attractive destination for estate investors
Green One UN House in Viet Nam awarded by the World Green Building…
Receiving the award on behalf of the United Nations, Mr. Kamal Malhotra, UN Resident Coordinator and UNDP Resident Representative in Viet Nam said, “The sustainability of our societies around the world has always been and remains the central mission of the United Nations. This has been very clear from our founding over 70 years ago. It is stated in the UN charter and most recently in the Agenda 2030 which embodies the UN’s Sustainable Development Goals. By presenting the UN in Viet Nam with this award today, you recognize the unique role that the United Nations can and must also play in championing the leadership in Green Building design around the world.”Source: cand.com.vnOne of the Jurors of this Award, Joelle Chen, Regional Head of WorldGBC’s Asia Pacific Network said, “Our Green Building Councils in the Asia Pacific Regional Network work with some of the most pioneering companies and innovators on green building. The Green One UN House serves as a … [Read more...] about Green One UN House in Viet Nam awarded by the World Green Building…
Belgium to support Viet Nam in urban planning
Belgium and its Flanders region are keen to cooperate with Viet Nam and the capital city of Ha Noi to strengthen global partnership in the field of urbanisation. This was said by Geert Bourgeois, Minister-President of Flanders, at a seminar held in Ha Noi on Monday. He believed the pace of urbanisation was growing significantly, especially in Asia, and that Viet Nam was no exception. The seminar was organised by Flanders Investment and Trade and the People’s Committee of Ha Noi to showcase best practices and case studies from Belgium in the urban and environmental sectors as well as strengthen cooperation between Flandersand Viet Nam in those fields. Belgium has been a global leader in environmental technology for 50 years. It is particularly known for its advanced expertise in the field of water and waste management and, more recently, in the field of resource innovation and renewable energy solutions. The fast pace of urbanisation offers opportunities as well as challenges; … [Read more...] about Belgium to support Viet Nam in urban planning
Viet Nam, South Africa eye expansion of ties
South Africa’s honorary consul in HCM City, Do Thi Kim Lien, donates $219,300 to support underprivileged people in many parts of the country at the 24th South African Freedom Day celebrations in HCM City on April 21. — VNS Photo HCM City wants to enhance co-operation with South Africa in trade, investment, education, science and technology, hi-tech agriculture and other spheres, according to its Department of Foreign Affairs. Speaking at a ceremony held on April 21 to celebrate South Africa’s 24th Freedom Day, Le Quang Long, the department’s director, said: “With open policies, HCM City always welcomes and facilitates foreign enterprises, including those from South Africa, to do business.” The South African ambassador to Viet Nam, Mpetjane Kgaogelo Lekgoro, said: “In recent years we have enjoyed high-level visits from both sides. Our trade grew from just over US$700 million in 2012 to over $1.5 billion in 2017. “The tourism footprint is … [Read more...] about Viet Nam, South Africa eye expansion of ties
Viet Nam National Village for Ethnic Culture and Tourism: What’s happen this month!
Diverse activities creating a cheerful and exciting festival atmosphere during spring are taking place at the Viet Nam National Village for Ethnic Culture and Tourism in January. Activities will draw the participation of more than 100 people from Tay, Dao, Mong, Thai, Muong, Kho Mu, Ta Oi, Co Tu, Raglai, E De and Khmer ethnic minority groups from ten localities, including Thai Nguyen, Hanoi, Ha Giang, Son La, Hoa Binh, Dien Bien, Thua Thien - Hue, Ninh Thuan, Dak Lak and Soc Trang. Artists from Viet Nam Cheo Theatre and Viet Nam National Puppetry Theatre, and students from Hanoi University of Culture will also participate in activities. The highlight of the event will be a program on then singing and folk games of the Tay ethnic group. During a special programme on traditional tea in spring, visitors will be introduced to the tea making process and skills. Activities to prepare and decorate atmosphere welcoming Tet in ethnic villages will be held. Five-fruit trays and peach blossoms … [Read more...] about Viet Nam National Village for Ethnic Culture and Tourism: What’s happen this month!