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Destination

/ November 19, 2020

Hanoi – Impressive destination for real estate investors

The Hanoitimes - Hanoi has its own attractions that become special to outsiders. Executives of global real estate services provider Savills have opined that Hanoi has appeared to become a key part of Vietnam’s growth story as the city has “its own attractions” in the real estate sector. Hanoi, with more than 1,000 years of history, is Vietnam’s cultural center as well as its administrative hub. The French colonial era left Hanoi with a number of historic buildings and tree-lined boulevards that have garnered it the title of the Paris of the East. The population of 8.1 million doubles if the nine surrounding provinces are taken into account. In addition, Hanoi benefits from Vietnam’s thriving economy: 2019 GDP growth was 7.02%, above the 2019 government target of 6.6% to 6.8%. Retail sales were US$163 billion, up 13% on year. Troy Griffiths, deputy managing director of Savills Vietnam, said “Hanoi offers a wealthy population by Vietnamese standards and that population is growing rapidly. The city’s infrastructure is rapidly evolving, with metro lines, roads and bridges which will improve connectivity and boost real estate values.” Meanwhile, the city’s stock of modern real estate is growing and domestic developers are maturing to deliver international grade assets, Griffiths adds. Part of Hanoi. Photo: Do Hung Last year, Japan’s Sumitomo Corporation joined forces with Vietnam’s BRG Group to develop a 272-ha smart city in Dong Anh district, north of the city's center. The extension of Metro Line 2 from central Hanoi to Noi Bai International Airport will pass through the project site, which will be home to a new station. Other foreign developers and investors active in Hanoi include Keppel Land, CapitaLand, Mitsubishi Estate, Gaw Capital Partners and Hongkong Land. The city’s growing population fuels demand for residential property. Apartment sales rose 26% to nearly 40,000 in 2019, with new supply of 37,700 units. Supply looks …

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/ September 3, 2020

Vietnam remains attractive destination for Taiwan investors

The Hanoitimes - Following the first wave of investment in the 1990s, a second wave from Taiwanese companies to Vietnam is taking place with a focus on electronics and hi-tech fields. As Taiwanese enterprises are restructuring their investment activities, Vietnam remains an attractive destination, according to Richard Shi, head of the Taipei Economic and Cultural Office in Hanoi. Overview of the meeting. Photo: MPI. Many Taiwanese investors had reaped successes from investing in Vietnam since the 1990s, mainly in processing of products and goods, and at present, a second wave of investment is already taking place, said Mr. Richard Shi in a meeting with Vice Minister of Planning and Investment Tran Quoc Phuong on August 31. For this second wave, Mr. Richard Shi expected greater successes for both Taiwanese and Vietnamese firms as the former are investing in large scale projects with modern technologies, with electronics and hi-tech being of priority. Amid the Covid-19 pandemic, Mr. Richard Shi suggested both sides should review the reopening of flights for experts and investors to return to Vietnam. At the meeting, Vice Minister Phuong said Taiwanese investors have contributed a big part in Vietnam’s socio-economic development. Mr. Phuong noted recently, the Taiwanese authorities have announced the “Go South” policy and Vietnam is a part of this plan. According to Mr. Phuong, the Ministry of Planning and Investment is committed to cooperating with the Taipei Economic and Cultural Office in Hanoi in supporting Taiwanese enterprises in Vietnam. Vietnam welcomes investors, including those from Taiwan, to do long-term business in the country, while Taiwan’s second wave of investment is in line with the vision of the Vietnamese government in attracting high-quality foreign capital, said Mr. Phuong. With 2,764 ongoing projects and accumulated investment capital of US$33.2 billion so far, Taiwan is Vietnam's fourth largest investor as …

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/ January 31, 2021

Hanoi, Hoi An win the ‘Popular Destinations of the World’ by TripAdvisor Travellers’ Choice Awards 2021

The Hanoitimes - Hanoi capital ranked sixth while Hoi An ranked 11th among the 25 most popular destinations in the annual award of TripAdvisor. According the travel guide website, the charming Vietnamese capital has aged well, preserving the Old Quarter, monuments and colonial architecture, while making room for modern developments alongside. A tranquil afternoon in Hanoi. Photo: Nhu Y. Hanoi may have shrugged off several former names, including Thang Long, or "ascending dragon," but it hasn't forgotten its past, as sites such as Ho Chi Minh's Mausoleum and Hoa Lo Prison attest. Lakes, parks, shady boulevards and more than 600 temples and pagodas add to the appeal of this city, which is easily explored by taxi. Hoi An ancient town, is another winner from Vietnam of the awards was described as: “This city on the central Vietnamese coast is a well-preserved example of the important backpackers, it is becoming better known to tourists. On the 14th day of each lunar month, the town trades its electric lights for traditional colored lanterns. Sights include the Japanese Covered Bridge and the Quan Cong Temple. Let the town’s expert tailors make you some bespoke clothing.” The beauty of Hoi An ancient town. Photo: Nguoi Hoi An. Meanwhile, Ba li- Indonesia ranked the first position, following by London- United Kingdom and Dubai- United Arab Emirates. Other most popular destinations in 2021 are Rome- Italy, Paris- France, Crete- Greece, Bangkok- Thailand, Barcelona- Spain, Istanbul - Turkey, Siem Reap- Cambodia, Marrakech- Moroco, Phukhet- Thailand, New Delhi- India, Cancun- Mexico, Playa del Carmen- Mexico, Florence- Italy, Dominica Republic, Tenerife, Canary Islands, Lisbon Portugal, New York City, New York, Edinburgh - United Kingdom, Jaipur - India and Cusco-Peru. …

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