Butterworth new property launch

Vietnam’s property market is now in a state similar to that of 2013, when transactions plunged and major changes in policies were needed to ignite a "boom" in sales, said Nguyen Quoc Anh, deputy CEO of property listing platform Batdongsan. Back then the National Assembly approved changes in the land law and issued a VND30 trillion ($1.27 billion) credit package with interest rates of 5-6% annually to boost social housing sales. The decisions proved successful as transactions were resumed, he said. Similar policies are needed now, including providing new credit packages and maintaining a credit growth quota of 15-16% or even higher, Anh added. Some such policies are already being implemented. The State Bank of Vietnam (SBV) recently lowered its policy rates to increase liquidity and support economic growth, signaling that a "turnaround" may be seen in the property market in the second quarter next year. In 2013 credit growth jumped from 7% to 12%, which helped boost the … [Read more...] about Property market may heat up toward the end of 2024: insiders

Vietnamese property developer Novaland is continuing personnel changes as Dennis Ng Teck Yow has been named CEO of the firm from Friday to replace Nguyen Ngoc Huyen, who tendered his resignation in late 2022. Novaland, whose NVL shares are traded on the Ho Chi Minh Stock Exchange, announced on Friday morning that the firm’s board of directors decided to select Dennis Ng Teck Yow, a native of Malaysia, as the new chief executive officer. He holds a master’s in banking and finance from the University of Hull in the United Kingdom. Yow is a housing industry veteran, previously working as general director at Gamuda Land Vietnam. The Malaysian entrepreneur has nearly 30 years of experience in property and in top posts of business strategy development, project development, and financial planning and analysis at domestic and international enterprises, according to Novaland. Novaland says will complete key projects Novaland’s appointment was made while the firm is struggling with … [Read more...] about Vietnam’s Novaland appoints Malaysian as new CEO

The aim of the new tourist routes is to enrich the traveler's unique experience. The Hanoi Department of Tourism, in cooperation with SGO Travel Co. Ltd, will offer seven attractive tours from Hanoi to Bac Giang Province, with daily departures from Wednesday to Sunday,  for domestic and international travelers. Bac Giang Province will corporate with neighboring localities, including Hanoi to build more new tours in the locality. Photo: congluan.vn Accordingly, the seven newly launched tours consist of one-day and two-day, and overnight tours, offering travelers exciting experiences in Vietnamese culture, history, and spiritual beliefs. These tours will depart from downtown Hanoi to natural attractions, handicraft villages, and pagodas in Yen The, Viet Yen, Luc Ngan, and Son Dong communes in Bac Giang province. It is said that the local great potential for tourism development has not been properly exploited. With the advantage of its geographical … [Read more...] about New tourist routes launched between Hanoi and Bac Giang

The Mira Blockchain Center in Hanoi aims to bring blockchain technology to life through integrated technology-based physical products and high technology projects. The unit will play the role of researching, applying, deploying, and transferring blockchain technology in artificial intelligence-related technology and other sectors. Through research, Mira will create and utilize blockchain technology for ground-breaking technological solutions. The hands-on human resources training center will provide consultation services and technology deployment training for both local and international businesses. The Mira Blockchain Center's services include blockchain application services for asset management, finance, and supply chains, technology consulting services for businesses or organizations, and blockchain testing services for testing and evaluating blockchain performance in businesses. Leon Truong (Truong Gia Bao) from DTS (2nd, L) shakes hands with Ngo Van Tau from GMO … [Read more...] about Vietnam blockchain development center launched in Hanoi

Vietnam is striving to lure more Japanese investments to digital transformation and green growth, as recommended in the Vietnam-Japan Joint Initiative (VJI). Illustrative image (Source: VNA) Phase VIII of the initiative, launched in 2003, concluded in March 2023, under which 497 out of the 597 items were completed. To promote its role, the Vietnamese Ministry of Planning and Investment proposed building a cooperation programme between small- and medium-sized enterprises (SMEs) of the two countries, focusing on digital transformation, support industry and personnel training. Japanese SMEs have capacity, experience and high tech, and Vietnamese firms have abundant human resources, which is reciprocal during their development cooperation. The ministry suggested the Japanese side take more specific solutions and supplement workforce to further support Vietnamese enterprises in improving their capacity and competitiveness, and participating intensively in … [Read more...] about Vietnam attracting Japanese investments to new areas

Illustrative image (Photo: VNA) Hanoi (VNA) – Vietnam ’s industrial real estate sector has great potential for developing more projects related to data centres, cold storages and logistics, according to John Campbell , Associate Director, Head of Industrial Services at Savills Vietnam - the largest and most experienced real estate services company in the Southeast Asian nation. Main opportunities in the logistics industry include last-mile logistics services and the implementation of a logistics 4.0 system, said Campbell. Moreover, investors can take advantage of the lack of cold storages in Vietnam to develop new projects, and increase supply for the market, he said, adding that the construction of built-to-suit warehouses to meet special technical requirements is also an attraction for investors. Jack Harkness, Director of Regional Industrial and Logistics Services at Savills Asia Pacific, stated that the industrial and logistics real estate sector, which … [Read more...] about Industrial, logistics property attractive to investors: Savills

A wood furniture factory (Photo: VNA) HCM City (VNA) – The Business Innovation Zone 2023 project was launched on March 21, under the theme “Sync-up the power of human-tech-media”. The project, initiated by the RX Tradex Vietnam company, is a core programme and part of a series of activities ahead of the Vietnam Manufacturing Expo (VME) and international electronics show NEPCON Vietnam in August and September 2023, General Director of RX Tradex Vietnam Vu Trong Tai told the launch in Ho Chi Minh City. Apart from training workshops and programmes for business managers and leaders, the 2023 project will also give enterprises a chance to seek potential partners via trips to factories in Thailand and Vietnam, he noted. Pham Trung Hung, Consulting Director of the PNA Consulting company – a strategic partner of the project, said humans are always the first and foremost factor substantially affecting the operations of business models. Therefore, the 2023 project’s focus … [Read more...] about Business Innovation Zone 2023 project launched

Delegates launch the 107th Cargill school in the northern region of Viet Nam. — Photo courtesy of Cargill Vietnam The Cargill Cares programme on March 16 announced the opening of five new schools in Dien Bien, Cao Bang, Yen Bai and Ha Giang provinces. The four provinces represent four of the nation's five lowest in terms of per capita GRDP for the nation, offering limited opportunities for education. Cargill Vietnam hopes to provide better opportunities that a solid educational grounding can bring to future generations of kids from these communities. “Education is essential to raise the quality of life for kids and their families in places like Tay Nguyen (Central Highlands) where the average income is a third lower than the national average,” said Cargill Country President in Vietnam Nguyen Ba Luan. “This has led Cargill to geo-prioritise this zone for schools in the years to come, and our announcement of five new schools today sees us delivering on our promise to these … [Read more...] about Cargill launches five new schools in the northern region of Viet Nam

Kaspersky launches Kaspersky Extended Detection and Response platform to combat targeted ransomware in Viet Nam in HCM City earlier this week. — Photo courtesy of the firm Kaspersky unveiled its Kaspersky Extended Detection and Response platform which aims to mitigate the costly threat of targeted ransomware for businesses in Viet Nam in HCM City earlier this week. Ransomware – the malware that locks a device or files – continues to evolve in quality and quantity. Last year, the global cybersecurity company noted the almost two-fold (181 per cent) increase in ransomware encountered daily, which translates to 9,500 encrypting files per day globally. The malicious actors behind these attacks also continue to sharpen their tactics and tools to earn more. There has been a rise of targeted ransomware groups who have added other extortion methods – reselling the data or files they have hacked, conducting DDoS attacks against their victim or the victim’s customers, or using the same … [Read more...] about Kaspersky launches XDR platform to combat targeted ransomware in Viet Nam

This year’s event brings together 63 VJA’s chapters from 63 cities and provinces nationwide and 60 central and local press agencies with 87 booths displaying their outstanding publications in 2022 and the first quarter of this year. In the framework of the festival, various activities are held, such as a seminar themed “Journalism culture” organized by military press agencies; a seminar titled “Reunion for top winners of National Press Awards,” a contest “Voice of Journalists” in 2023, among others. Addressing the opening ceremony, Chairman of the Commission for Information and Education Nguyen Trong Nghia affirmed that this is an important and meaningful activity, and also an occasion to honor the revolutionary press force while promoting their political stance and professionalism during their task implementation. He requested press agencies and journalists to continue to observe the Party’s viewpoints, guidelines, directives and resolutions so as to build a professional, … [Read more...] about National Press Festival 2023 launched