Ao dai 2018

According to chairman of the Vietnam Real Estate Brokers Association Nguyen Van Dinh, Vietnam’s real estate market is not repeating the crisis cycle which occurred in 2012. Varying factors to determine the fate of real estate, photo baodautu.vn “Currently, urban development is high and infrastructure investment is taking place strongly, along with the rocketing increase demand for housing. So the demand for investment in real estate is rather high. These are the factors that create a great motivation for the market’s ability to recover,” Dinh told VIR. Banking and finance expert Can Van Luc added that the market will be revived by the end of the year. “When banks have new credit room, real estate will see more transactions from homebuyers. Real demand is expected to be a bright spot during the year,” Luc said at a forum on forecasting the real estate market organised by the Vietnam Real Estate Association in Hanoi on January 3. Do Thu Hang, senior director of … [Read more...] about Varying factors to determine the fate of real estate

The conference featured Prime Minister Pham Minh Chinh, and top government officials, including minister of Planning and Investment Nguyen Chi Dung and minister of Industry and Trade Nguyen Hong Dien. The 2.2GW Son My 2 CCGT power plant will be located in Binh Thuan province. The $1.8 billion plant will have a 20-year contract with the Vietnamese government. Speaking at the conference, Joseph Uddo, president of AES Vietnam said, “The investment policy for Son My 2 CCGT power plant marks a significant milestone enabling us to move ahead with the project. “We are honoured to receive the approval in this significant event today on the action plan to implement Resolution No. 26-NQ/TW of the Politburo, recognising the importance of the power plant project in ensuring energy security, promoting international investment and the socioeconomic development of Vietnam.” Son My 2 complements AES’ investment plans in gas infrastructure in the country and the … [Read more...] about AES receives investment policy for Son My power plant

Images showing the e-wallet market by share of active users by Robocash Group. (Photo courtesy of Robocash Group) HCM City (VNS/VNA) - The modern e-wallet market in Vietnam is surging and is expected to reach 50 million active users by July 2024, experts said. In a report, Robocash Group said: “the modern e-wallet market in Vietnam is booming with 90% of the market falling on three wallets: Momo, Moca and ZaloPay.” The country is seeing tough competition, given that there are 40 electronic wallets in operation, the report said. Robocash Group estimates that by July 2024, the e-wallet market will have 50 million active users, 100 million by May 2026, and 150 million by July 2030. In addition to the already mentioned wallets, there are three other major competitors including ShopeePay (AirPay), ViettelPay and VNPT Pay. The top six already account for 99% of the market. According to a Decision Lab study, at the end of 2021, 56% of the Vietnamese population … [Read more...] about E-wallet market in Vietnam estimated to reach 50 million users by 2024

Some food and beverage products from a cooperative in Ben Tre Province attract consumers.— Photo vnbusiness.vn After the Lunar New Year holiday, many cooperatives, especially those in the food and beverage (F&B) sector, have accelerated their production to fulfil domestic and export orders. Ly Hong Tien, Director of Hau Giang Xanh Cooperative in Hau Giang Province, told vnbusiness.vn that thanks to the links her cooperative has established with distributors, it was completing many orders of processed that lat fish to serve local demand and that for exports. According to experts, though economic difficulties would continue in 2023, there remained untapped business opportunities for small firms and cooperatives in the F&B industry. Experts said that when an economy was unstable, investors intended to return to industries with high demand as the F&B sector is an essential industry. A recent report by iPOS.vn said that Viet Nam had around 338,600 restaurants and … [Read more...] about Food and beverage cooperatives seize new opportunities amid economic difficulties

A production line of smart, environmentally friendly sensor products of Hyundai Kefico Vietnam Co., Ltd invested by the RoK in Dai An II Industrial Park, Hai Duong province (Photo:VNA). Hai Duong (VNA) – The northern province of Hai Duong has set a target to attract 400 million USD in foreign direct investment (FDI) in 2023, according to Vice Director of the provincial Department of Planning and Investment Nguyen Duy Hung. The locality licensed five new FDI projects worth 15.8 million USD in January. Meanwhile, 5.6 million USD was added to three existing projects. Hung said that the locality will speed up work on the province's master plan in the 2021 – 2030 period, with a vision of 2050 as a basis for building priority criteria to attract investment projects, especially planning of a key industrial zone for large-scale, modern and environmentally friendly investment projects. It will focus on maximising resources to develop synchronous and modern socio-economic … [Read more...] about Hai Duong targets 400 million USD in FDI in 2023

Vietnamese authorities have over the past week seized more than 600 kilograms of ivory smuggled from Africa, the government said on Monday. Trade in ivory is illegal in Vietnam but wildlife trafficking remains widespread. Other items often found smuggled into the country include pangolin scales, rhino horns and tiger carcasses. Customs authorities in the northern port city of Hai Phong on Monday found nearly 130 kilograms of ivory hidden in a container of cow horns originated from Africa, the government said in a statement. This followed the finding of nearly 500 kilograms of African ivory on Thursday last week at Lach Huyen Port in the city, the government said. This has been the largest seizure of smuggled ivory in the country in more than four years. The authorities had in October 2018 seized more than eight tonnes of ivory and pangolin scales in one of the country's largest wildlife trafficking cases for years. Vietnamese authorities have over the past week seized … [Read more...] about Vietnam seizes 600 kg of ivory smuggled from Africa

The conference featured Prime Minister Pham Minh Chinh, and top government officials, including minister of Planning and Investment Nguyen Chi Dung and minister of Industry and Trade Nguyen Hong Dien. The 2.2GW Son My 2 CCGT power plant will be located in Binh Thuan province. The $1.8 billion plant will have a 20-year contract with the Vietnamese government. Speaking at the conference, Joseph Uddo, president of AES Vietnam said, “The investment policy for Son My 2 CCGT power plant marks a significant milestone enabling us to move ahead with the project. “We are honoured to receive the approval in this significant event today on the action plan to implement Resolution No. 26-NQ/TW of the Politburo, recognising the importance of the power plant project in ensuring energy security, promoting international investment and the socioeconomic development of Vietnam.” Son My 2 complements AES’ investment plans in gas infrastructure in the country and the … [Read more...] about AES receives Investment Policy Decision for 2.2 GW Son My 2 CCGT plant in Vietnam

Some food and beverage products from a cooperative in Ben Tre province attract consumers. (Photo: vnbusiness.vn) Hanoi (VNS/VNA) - After the Lunar New Year holiday, many cooperatives, especially those in the food and beverage (F&B) sector, have accelerated their production to fulfil domestic and export orders. Ly Hong Tien, Director of Hau Giang Xanh Cooperative in Hau Giang province, told vnbusiness.vn that thanks to the links her cooperative has established with distributors, it was completing many orders of processed that lat fish to serve local demand and that for exports. According to experts, though economic difficulties would continue in 2023, there remained untapped business opportunities for small firms and cooperatives in the F&B industry. Experts said that when an economy was unstable, investors intended to return to industries with high demand as the F&B sector is an essential industry. A recent report by iPOS.vn said that Vietnam had around 338,600 … [Read more...] about F&B cooperatives seize new opportunities amid economic difficulties

Acting President Vo Thi Anh Xuan (R) and Brazilian Ambassador to Vietnam Fernando Apparício da Silva. (Photo: VNA) Hanoi (VNA) – Acting President Vo Thi Anh Xuan has hailed outgoing Brazilian Ambassador to Vietnam Fernando Apparício da Silva ’s contributions to consolidating the practical and effective development of Vietnam-Brazil comprehensive partnership during his tenure. During a reception for the diplomat in Hanoi on February 6, Xuan affirmed that Vietnam always wishes to further strengthen its ties with Brazil, one of the top important partners in Latin America. She suggested both nations continue facilitating the exchange of delegations at all levels, especially those at the high level to boost the bilateral relationship.  Vietnamese leaders also wished to welcome Brazilian President Luiz Inacio Lula da Silva to visit Vietnam soon, Xuan said. Speaking highly of the development of bilateral economic and trade ties, Xuan expressed her hope that the two … [Read more...] about Acting President receives outgoing Brazilian Ambassador