One resident living in the area said that the building has been operating for nearly a year, but is drawing in tenants at a snail’s pace. Discussing with VIR, a representative of the building said that lease is $44 per square metre on average, while Colliers International Vietnam reported leasing costs at Lotte Mall in Ba Dinh district at $50 per sq.m a month, while Vincom Center Nguyen Chi Thanh (in the same district) charges about $60. Investors opt for famous buildings because a good location is worth the little extra for their business. … [Read more...] about Local retail property market over saturation point
1000 points of light
Recent figures by the Vietnam E-commerce Association show that global OTAs such as Agoda.com, Booking.com, Traveloka.com, and Expedia.com are holding 80 per cent of the nation’s market share. A large proportion of international visitors use services provided by foreign OTAs. Many local visitors have also used services provided by foreign OTAs. … [Read more...] about An internet economy: a golden treasure trove?
Hanoi (VNS/VNA) - Vietnam must avoid becoming one of the world’s major transit points for illegal drugs, according to a directive issued recently by Deputy Prime Minister Vu Duc Dam on behalf of Prime Minister Nguyen Xuan Phuc. Law enforcement forces, ministries, State agencies and provincial authorities have been urged to pull out all the stops to prevent drugs from being trafficked from foreign countries to Vietnam and within the country, smash drug rings and improve the investigation of drug-related crimes. The Deputy PM also asked to eradicate illegal drug trade points and tighten loopholes that drug rings can use to commit crimes, especially at pubs, nightclubs and karaoke bars. Deputy PM Dam asked that the law enforcement sector continually updated its list of precursors, psychotropic substances and narcotic drugs in line with three United Nations treaties that constitute the international law framework of global drug control: the Single Convention on Narcotic Drugs, … [Read more...] about Vietnam should not become drug transit route: PM
Team leader of the joint mission between World Health Organization (WHO) and China on COVID-19, Bruce Aylward shows graphics during a press conference at the WHO headquarters in Geneva on February 25, 2020. Fabrice COFFRINI / AFP "It's confirmed," a spokeswoman for Switzerland's federal health office told AFP, adding that more details about the case would be released later on Tuesday. … [Read more...] about Switzerland reports first case of COVID-19
In 2019, Sabeco reported revenue of VND37.9 trillion, an increase of 5 percent over the year before, and the record high post-tax profit of VND5.4 trillion. However, the upward trend of the brewer which is holding the largest market share may not continue. … [Read more...] about VN brewers under pressure as enforcement of drunk driving strengthened under new decree