Booming real estate markets 2017

According to Ngo Thi Kim Thanh, senior expert at the Investment Analysis and Consulting Centre for SSI Research, the land lease demand in industrial zones (IZs) continues to secure positive growth for 2022 and beyond. This is attributable to diverse factors such as China’s strict pandemic policy, and reopened borders – paving the way for foreign investors to strike new deals or wrap up land lease procedures which were signed earlier. Prospects abound for land-rich industrial players, Illustrative photo. (Source: VNA) Thanh gave the remarks at a talk show on the charm of real estate tickers, hosted by VIR in Hanoi last week. In the stock market, the performance of real estate tickers is being deemed a bright spot in the context of a lasting market correction since April. During the period, the ticker IDC of IDICO Corporation gained more than 20 per cent, KBC of Kinh Bac Urban Development Corporation rose more than 15 per cent, and VGC of top building material maker … [Read more...] about Prospects abound for land-rich industrial players

At a meeting with the leader of the southern province of Binh Duong last week, chairman of Sharp Corporation Yoshihiro Hashimoto revealed an expansion plan in the locality. Investors already with factories in the country are demonstrating that they trust the business climate here, Photo: Le Toan Sharp Group is exploring opportunities in the southern provinces of Vietnam, including Binh Duong, to move the supply chain away from the Chinese market, promoting market diversification and distribution, according to Hashimoto. “In the coming time, Sharp will continue to expand and build one more large-scale factory, oriented to develop high-tech and advanced products,” he said. Binh Duong is assessed as a locality with an attractive investment environment, in line with Sharp’s criteria. The group has two production factories located in Vietnam, at Singapore Industrial Park (VSIP) I and an extended VSIP II. Sharp hopes to be supported in construction land, labour, and … [Read more...] about New foreign capital stutters despite overall deal boost

Scores of businesses have already unveiled their second-quarter business results, with many showing healthy figures. In the first half of this year, Hang Xanh Motors Service JSC (Haxaco) reaped $7.5 million in pre-tax profit, soaring 134 per cent on-year. This year, the company aims to reach $9.2 million in its profit-before-tax target, meaning it has completed 81 per cent after just six months. Haxaco’s board chairman Do Tien Dung unveiled that the company is committed to fulfilling its profit target in only nine months. However, Dung is cautious saying that the auto trade relies heavily on macro factors like fuel price, inflation, and interest rates. Haxaco is confident in reaching its full-year business targets early The auto industry is facing many challenges as customers find it harder to borrow after the central bank declined to loosen credit limits for banks and the scarcity of auto components continues. “Haxaco avoids heavy reliance on bank capital … [Read more...] about Businesses remain optimistic for remainder of the year

A picutre of District 7 in HCM City where located many office buildings. The hybrid working in Viet Nam and the Asia Pacific region is accelerating. — Photo Courtesy Cushman & Wakefield Vietnam The popularity of hybrid working in Viet Nam and the Asia Pacific region is likely to accelerate as Generation Z – those born between 1997 and 2012 – accounts for a larger percentage of the working-age population, experts said. Gen Z, which will reach one billion by 2030, is the first generation of digital natives. They expect a seamless connection between the physical and the digital, which is also what allows hybrid working to flourish. A report by Cushman & Wakefield titled “Asia Pacific Office of the Future Revisited” revealed that the majority of office workers in Asia Pacific, including Viet Nam, want to be more flexible in the way they work. Hybrid working is not a new concept, but it was relatively foreign to the masses before the COVID-19 virus hit. A hybrid office is … [Read more...] about Hybrid working grows in popularity in Asia

From five grams of toothpaste to 10 millilitres of cooking oil, many Nigerians struggling with soaring prices now buy their basic necessities in small quantities packed in tiny plastic bags to be consumed on the same day. Consumer brands behind this "sachetisation of the economy" see it as a creative innovation, allowing consumption for all Nigerians, the majority of whom live on less than $2 a day. But critics see the development as an economic and ecological aberration, even as Africa's largest economy struggles with the inflationary fallout from Russia's war in Ukraine. In the streets of Lagos, the vibrant economic capital of Africa's most populous country, small sachets are now part of the decor: they colour its streets, packing the wood and tin shops found on the corner of most streets. Sitting on a stool, Ibrahim Atahire has been running his small grocery store for 30 years in a busy area of Obalende, a popular district of the megalopolis. "At my place, you can buy … [Read more...] about From coffee to toothpaste, Nigerians buy small as hardships bite

What are the concerns surrounding the Uyghur Forced Labor Prevention Act (UFLPA) implementation among Vietnamese garment exporters to the US? Association chairman Vu Duc Giang Some of the concerns are real. Since the UFLPA became effective in June, Vietnam has witnessed certain impacts on its garment exports to the US. Vietnam has maintained its position as the world’s third-largest cotton importer with a volume of 1.5 million tonnes per year. This includes 800,000 tonnes of cotton imported from the US, accounting for 60 per cent of the total imports. In January 2021, US Customs and Border Protection announced a ban on raw fibres, apparel, and textiles made from Xinjiang-grown cotton, which also covers cotton products made in third countries. Customs will detain imported merchandise unless the importer can prove by clear and convincing evidence that the goods were not from Xinjiang. What is the status of the recommendations from the US on Chinese cotton? Vietnam … [Read more...] about Facilitating recovery of Vietnam’s yarn sector in midst of US policy enforcement

Hanoi’s typical dishes with many variants always cause nostalgia for children who live far from their homeland. As famous as pho (rice noodles soup with beef), spring rolls are also a dish imbued with the “Vietnamese national spirit”: if you see spring rolls somewhere, people from the S-shaped country must be around the corner. A familiar food on a Bangui Street The typical Hanoi's dishes are prepared by Helen Green, a housewife who lives in Ho Chi Minh City The fateful meeting happened when the soldiers realized that a dish they ate on the street was so similar to the Vietnamese fried spring rolls. They weren’t wrong: it was real fried spring rolls, made by an old woman who  came from Hoan Kiem District, Hanoi.Many years back in time, Vietnamese soldiers in the United Nations’ Peacekeeping Mission in the Central African Republic happened to meet an old woman, she was the only one from Vietnam to live in the capital, Bangui. Seventy years before, she … [Read more...] about [Quintessence of Hanoi’s cuisine] Quintessence of Vietnamese cuisine: Hanoi spring rolls

MANCHESTER, England -- New manager Erik ten Hag saw the depth of the crisis at Manchester United when his side fell to a 2-1 Premier League defeat by Brighton & Hove Albion at Old Trafford on Sunday, with German Pascal Gross scoring twice. United fans' hopes that the off-season would mark a turning point have faded, with the club failing to make major moves yet in the transfer market and there was a grim familiarity to the club's opening match. The former Ajax coach witnessed a performance that was every bit as disjointed as those produced under his predecessors Ralf Rangnick and Ole Gunnar Solskjaer last season. The sense that this was a continuation of last year's decline began before kick-off where there were yet more loud and angry protests against United's owners, the American Glazer family, under the South Stand If that felt familiar, then the sight of Scott McTominay and Fred in midfield as United laboured against Graham Potter's superbly drilled side was verging on … [Read more...] about Ten Hag era at United begins with defeat to Brighton