Chocolate factory worker

The demand for Vietnam’s IP land rentals will sharply grow in 2023 thanks to policies promoting a return to investing in the Southeast Asian country. The industrial property segment is predicted to continue to be a bright spot in Vietnam’s real estate market in the coming years after reaching impressive growth in 2022, local insiders said. Benefiting from the ex isting land bank Many IP developers earn profit from developing IP projects. Photo: Cong Hung A recent report on the industrial real estate industry of VNDIRECT Securities predicted that by 2023, the net profit of listed IP developers is expected to grow by around 12% year-on-year. "We see more challenges for IP developers in the next two years due to the slow project approval process and limited funding sources. However, this is likely to turn into opportunities for developers that own ready-to-lease land banks, such as Becamex IDC Corporation (BCM)," the report noted. "We believe that … [Read more...] about Vietnam’s industrial property – promising segment in 2023

According to the Foreign Investment Agency (FIA), under the Ministry of Planning and Investment (MPI), close to $1.7 billion worth of foreign capital poured into Vietnam last month. While this figure was down 19.8 per cent on-year, partly due to the timing of the Lunar New Year, January still saw positive signs. Some 153 new foreign-invested projects, valued at $1.2 billion, were granted licences, up 48.5 per cent in number and 3.1 times in value compared to the same period last year. “We can consider this a signal confirming the confidence of overseas financiers to expand their interests in Vietnam,” said Do Nhat Hoang, director of the FIA. This confidence is also reflected in the amount of new projects that were granted investment registration certificates or signed an MoU in the first month of the year. Bac Giang People’s Committee have granted several investment certificates and MoUs for a number of internationally funded projects with total registered capital of about … [Read more...] about Strong figures for FDI in January

After being knitted, mats are dried under the sun in Long Dinh Mat Knitting Village in Tien Giang province’s Chau Thanh district. (Photo: VNA) Tien Giang (VNS/VNA) - The Mekong Delta province of Tien Giang aims to preserve and develop its 13 recognised traditional craft and craft villages. One or two of them will be developed in combination with tourism by 2025 under a plan unveiled by the province People’s Committee to develop craft villages in 2023-30. The five traditional craft villages and eight craft villages make various products such as vermicelli, rice paper, seafood, mats, bamboo knitting products and wooden furniture. The Long Dinh Mat Knitting Village in Chau Thanh district, for instance, has been operating for nearly 70 years and produces patterned sleeping mats with high quality and beautiful designs. Its mats are well-known in the delta. The plan envisages 70% of the villages functioning efficiently by 2025, around 80% of their workers being … [Read more...] about Tien Giang province rolls out plan to preserve craft villages

Illustrative image (Photo: https://thaiembdc.org/) Bangkok (VNA) – A national committee on electronic vehicle (EV) policy of Thailand , also known as the EV board, on February 2 agreed in principle on a proposal to lower the excise tax on EV batteries from the current 8% to just 1% while offering a 24 billion THB (730 million USD) subsidy to the EV battery-producing industry. The subsidy will be on a first-come first-served basis, Thai Minister of Energy Supattanapong Punmeechaow said, adding that the subsidy should help reduce the prices of EV batteries and EVs overall, which will boost the country's EV-making industry. The amount of the subsidy on offer will depend on the size of the battery produced, Supattanapong said. A producer of an EV battery with less than 8-gigawatt hours (GWh) capacity will receive a subsidy of between 400 THB and 600 THB per kilowatt hour (kWh), while a factory making an EV battery of more than 8 GWh will receive between 600 THB and … [Read more...] about Thailand to reduce excise tax on electric vehicle batteries

Deputy Prime Minister Vu Duc Dam pays homage to heroic martyrs at the Kim Son martyr cemetery in Gia Lam district, Hanoi, on May 20 (Photo: VNA) Hanoi (VNA) – The first portal on war martyrs, war martyrs’ graves and cemeteries nationwide is set to make debut this July, expected to facilitate the public’s access to relevant information and search for the graves of their relatives who laid down their lives for the sake of the country. Deputy Prime Minister Vu Duc Dam paid homage to heroic martyrs at the Kim Son martyr cemetery in Gia Lam district, Hanoi, and examined the portal building progress on May 20. He said the database of martyrs and their graves has been compiled on paper by the Ministry of Labour, Invalids and Social Affairs (MOLISA) and the Ministry of National Defence. However, there haven’t been any ways to identify hundreds of thousands of graves that lack information. With a widespread network of more than 12,000 transaction points and 43,000 post office … [Read more...] about Portal on war martyr-related information to open in July

The Year of the Tiger 2022 was a difficult and challenging one with many unexpected developments, affecting all aspects of Vietnam in particular and the whole world in general. In the special circumstance, the whole Party, people, and military promoted patriotism, determination, solidarity, dynamism, creativity and strived to obtain many important and comprehensive achievements with many outstanding imprints. Vietnam focused on both preventing and controlling the COVID-19 pandemic and promoting socio-economic recovery and development, building an independent and self-reliant economy in association with pro-actively and actively fostering international integration in a comprehensive, extensive and effective manner. In the year, Vietnam maintained stable social and political situation, firm national defense and security, and peaceful and stable environment for national development. Those achievements have consolidated and enhanced people's trust in the Party, State, and the … [Read more...] about New spirit and new motivation