Famous names in the market include Keppel Land and CapitaLand, with the first high-end real estate projects in the country such as The Estella and The Vista. The total supply of high-end apartments in Ho Chi Minh City as at the end of 2007, at approximately 1,700 units, of which about 1,000 units were from FDI projects, was a very small proportion compared to the city's population of 6.85 million at that time. “Since the market share of FDI projects is not high, the average price of high-end primary stocks in 2007 was at US$2,800 per sq m (at an exchange rate of VND16,112), representing an increase of 86 percent compared with sales launches in the previous year,” according to Khanh Nguyen, Associate Director, Capital Markets of Vietnam, at JLL. “This created a supply-demand imbalance that pushed prices beyond the affordability of homebuyers with real demand. There has been a long queue of buyers trying to compete for the very limited availability of these … [Read more...] about High-end residential the top choice of foreign investors
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Vietnam likely to post trade surplus for fourth straight year
The shoe factory of the Ha Tay Chemical Weave Co. Ltd in Hanoi's Ba Vi district (Photo: VNA) Hanoi (VNA) – With a record trade surplus of 9.12 billion USD over the first 11 months and year-on-year export growth of 7.8 percent, experts believe that 2019 will be the fourth straight year Vietnam will post a trade surplus. According to the Export-Import Department under the Ministry of Industry and Trade, the country shipped 241.42 billion USD worth of goods abroad between January and November, up 7.8 percent from the previous year. That included 74.72 billion USD exported by domestic businesses and 166.7 billion USD (including crude oil) from foreign invested firms, rising 18.1 percent and 3.8 percent, respectively. The domestic sector’s proportion of total export revenues also increased to 30.95 percent from 29.16 percent. Meanwhile, imports have reached 232.31 billion USD so far this year, up 7.4 percent year on year. The figure includes 98.2 billion USD by … [Read more...] about Vietnam likely to post trade surplus for fourth straight year
Third Vietnam Coffee Day to begin this weekend
Illustrative image. (Source: vovworld.vn) Hanoi (VNA) – The third Vietnam Coffee Day will run in Pleiku City, the Central Highlands province of Gia Lai from December 8 – 10, with coffee-drinking culture in focus. This year’s festival will highlight the promotion and development of specialty coffee and organic coffee products in a bid to make Gia Lai and the Central Highlands at large a popular destination of coffee lovers around the world. It will feature a series of events, including an exhibition on various coffee products from six top coffee producing provinces – Gia Lai, Dak Lak, Dak Nong, Lam Dong, Kon Tum and Son La. Hundreds of stalls will display premium products from popular coffee brands like Vinacafe, L’amant, Nestlé, and Kingcoffee. Participating delegates will be given a chance to take a tour to local sustainable coffee gardens and coffee factories while business-matching events will also be held among coffee importers and coffee … [Read more...] about Third Vietnam Coffee Day to begin this weekend
Famed beauty magazine lists Hoang Thuy in Miss Universe’s Top 20
Missosology lists Hoang Thuy in Miss Universe’s Top 20 Among the entrants listed by Missosology, Hoang Thuy has been ranked 20th in the list. Previously, several prestigious websites had published their lists of the many outstanding faces who are competing in the pageant, with Vietnamese entrant Hoang Thuy viewed as being in contention to win Miss Universe 2019. In order to have the best chance of achieving success in the pageant, Hoang Thuy is poised to wear the outfit titled “Ca Phe Phin Sua Da” by designer Tran Nguyen Minh Duc during the competition’s national costume segment. Hoang Thuy is a 27-year-old who stands at 1.77 metres tall and has measurements of 82-60-94. In Missosology’s Second Hot Picks, Cindy Marina of Albania topped the list. The 21-year-old beauty stands at 1.8 metres tall and is currently studying at the University of Southern California. Rounding off the Top 20 are representatives from Colombia, Indonesia, Brazil, … [Read more...] about Famed beauty magazine lists Hoang Thuy in Miss Universe’s Top 20
New regulation for school milk programme
Students drink milk at a kindergarten in Tu Mơ Rông District, the Central Highlands province of Kon Tum. — VNA/VNS Photo Dương Ngọc HÀ NỘI — Milk drunk in schools must be sterilised and contains 21 micronutrients, according to the latest decision of the Ministry of Health. It will come into play in January. The sterilised milk must ensure the national technology norms based on the Ministry of Agriculture and Rural Development’s regulations, the decision said. The 21 micronutrients must follow regulated amount, including vitamin A, E, C, acid folic and magnesium. The school milk programme was approved by Prime Minister Nguyễn Xuân Phúc in July 2016. Two months later, the Ministry of Health issued a temporary regulation for the programme, but did not mention clearly the amount of micronutrients. At present, 15 provinces and cities are conducting the programme including Hà Nội, Đà Nẵng, HCM … [Read more...] about New regulation for school milk programme