HCMC to see soaring office demand in next four years As Southeast Asian economies expand, office demand, particularly from technology, e-commerce, and co-working space companies, is expected to rise by an estimated 6 per cent annually between 2018 and 2021, with Ho Chi Minh City seeing a rate of 10 per cent in the period, according to JLL Vietnam. As at the end of the second quarter of 2018, total stock in Ho Chi Minh City’s office market increased to 1,945,000 sq m, with overall Grade A and B occupancy rates standing at a high of above 95 per cent. The overall rental rate is expected to continue its upwards trend with support from healthy demand and increased quality in future supply. A large volume of high-quality Grade B supply is also projected to be completed by 2020 and will likely put pressure on Grade A in the future, especially long-standing Grade A projects with deteriorating construction quality. In Hanoi, demand for Grade A and B office space in 2018-2019 … [Read more...] about BUSINESS NEWS IN BRIEF 28/9
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World News in Brief: August 22
* Flooding caused by recent storms in Laos has killed at least 46 people while 97 others are missing and four people were injured, according to the latest report from the National Disaster Prevention and Control Committee. * Thailand has launched a Southern Economic Corridor (SEC) project covering several of its southern provinces, namely Ranong, Surat Thani, Nakhon Si Thammarat and Chumphon. * China and India pledged on August 21 to further strengthen ties between the two countries and their militaries. * The Brazilian military on August 21 arrested at least 70 people in a massive dragnet on drug gangs in Rio de Janeiro, local officials said. * Brazilian President Michel Temer criticized protectionist measures taken against steel imports, during a speech at the Brazilian Steel Congress on August 21 in Sao Paulo. He urged the steel industry to "protect" itself from foreign attacks. * Facebook said Tuesday it is removing more than 5,000 targeting categories to prevent misuse of its ad … [Read more...] about World News in Brief: August 22
BUSINESS NEWS IN BRIEF 16/8
Vietnam firms join Tamil Nadu food expo in India Seven Vietnamese enterprises are showcasing their products at Vibrant Tamil Nadu - Global Expo & Summit 2018 in the Indian state of Tamil Nadu, which runs from August 12-15. The food and beverage expo also features nearly 200 Indian firms and representatives from 29 other nations. Several workshops on food, processed food and beverages and measures to boost the sector’s development have been held at the event, along with meetings between participating firms and state authorities. The Vietnamese enterprises discussed the possibility of signing some memoranda of understanding on cooperation in food production and processing and on investment in industrial zones with Indian partners. Bui Trung Thuong, Chief of the Vietnam Trade Office in India, briefed Indian partners on Vietnam-India economic and trade ties, the prospects of the Vietnamese food sector and opportunities for the two countries’ businesses. India ranks 27th … [Read more...] about BUSINESS NEWS IN BRIEF 16/8
Social News 23/10
Cause of helicopter crash not identified The cause of the helicopter crash that killed three military officers on Tuesday has not been established, a colonel said. Colonel Nguy?n Hoàng T?n, political head of the Military Command of northern Bà R?a- Vung Tàu Province announced the information at a press briefing this morning. Even though some sources blamed the crash on bad weather and air turbulance, this information was “unreliable because an investigation is still in progress,” he said. A helicopter with three people on board -- one pilot teacher and two pilot trainees -- crashed in the region of the Dinh mountain range while on a routine flying exercise on Tuesday. The province’s Military Command mobilised forces and some 400 people to search for the helicopter. It was found a day later in Yên Ng?a Pass on Bao Quan Mountain, which is part of the Dinh range in Tân Thành District. VN writers impress French contest Vuong B?ch … [Read more...] about Social News 23/10
Oman protesters maintain roadblocks
Protesters demanding jobs and reform remained on the streets of Oman Monday, a day after police killed at least two as the turmoil rocking the Arab world reached the normally calm Gulf sultanate. The mostly unemployed demonstrators continued to man roadblocks in the key industrial area of Sohar, over 200 kilometres (125 miles) northwest of the capital Muscat, despite the announcement of new benefits for the jobless and more powers for an elected advisory council. The protesters have been keeping a vigil at Earth Roundabout, a key intersection on the main road to the capital, for three straight days, defying efforts by police to remove them. The security forces were nowhere to be seen on Monday after the previous day's deadly violence. A security official said that the demonstrators attacked a police station near the roundabout and police responded with tear gas and rubber bullets killing two and wounding around five. But the protesters gave a higher death toll. "I saw five killed … [Read more...] about Oman protesters maintain roadblocks