At the start of the year, two Japanese groups, Mitsubishi Corporation and Nomura Real Estate Co., Ltd, announced plans to co-operate with Vinhomes (a subsidiary of Vingroup) to develop the second phase of the Grand Park urban development area, located in District 9 of Ho Chi Minh City. The two groups acquired an 80 per cent majority share in a $908 million joint venture to develop 21 residential towers in Vinhomes Grand Park, providing more than 10,000 apartment units. … [Read more...] about Firm appeal for Japanese developers
14th annual conference on economic growth and development
EVFTA and EVIPA hold strategic and economic significance to Việt Nam-EU relation
With a deep and comprehensive level of commitment between the two economies, the EVFTA will bring great benefits to both sides. Once the EVFTA takes effect, the EU will eliminate import taxes on nearly 86 per cent of tariff lines from Việt Nam, which will be increased to 99 per cent after seven years. Meanwhile, Việt Nam will immediately remove 48.5 per cent of tariff lines for EU goods in the first year and increase to 91.8 per cent of tariff lines after seven years. … [Read more...] about EVFTA and EVIPA hold strategic and economic significance to Việt Nam-EU relation
Forestry industry to gain export value growth of 10 percent this year
Hanoi (VNS/VNA) - Vietnam expects to gain a total export value of 12.5 billion USD from timber, wooden products and forest products this year, up 10 percent year on year, according to the Vietnam Timber and Forest Product Association (VIFORES). Of which, 8.68 billion USD would come from timber exports and 2.99 billion USD from wooden product exports, while other forest products would gain an export value of 830 million USD. In terms of market, the US this year is forecasted to be the largest export market for local timber, wooden and forest products with an expected export value of 6.1 billion USD, up 15 percent year on year. Following is Japan with an export value of 1.52 billion USD, up 10 percent; the EU with 1.13 billion USD, up 10 percent; and China with 1.21 billion USD, up 5 percent. The US housing market is expected to be brighter this year, leading to an increase in the demand for furniture. That will be an opportunity for Vietnamese wood enterprises to … [Read more...] about Forestry industry to gain export value growth of 10 percent this year
The sun still shines in Vietnam: World Bank
Vietnam's exports was expected to increase by about 10 percent in 2019, but the overall growth rate reflected two things. On the one hand, there was strong growth in the US market (up by over 10 percentage points compared to 2018) , but on the other hand, the growth in non-US markets decreased (down by nearly 10 percentage points). … [Read more...] about The sun still shines in Vietnam: World Bank
Hanoi boosts trade of farm produce with provinces
Nguyen Gia Phuong, director of the Hanoi Investment, Trade and Tourism Promotion Center, said the center will boost investment attraction in trade, services and high-tech, and strengthen demand-supply connections between Hanoi and various provinces. In addition, the center will continue to introduce Hanoi’s tourist destinations in key markets. … [Read more...] about Hanoi boosts trade of farm produce with provinces
