Emerging real estate markets 2020

At the 2019 Muslim Fashion Festival (Photo: xinhuanet.com) Jakarta (VNA) – Indonesia , the second largest Muslim fashion producers in the world after the United Arab Emirates, is targeting to emerge as the world’s leading Muslim fashion mecca by 2020. Indonesian Industry Minister Airlangga Hartarto said at the opening of the 2019 Muslim Fashion Festival that the market for Muslim wear is big, both outside and inside the country, and it needs to be dominated by the Indonesian Muslim fashion industry. He said that the increasing number of Muslims in the world has become one of the main triggers that have driven the growth of the Muslim fashion industry. Last year, the total population of Muslims reached 24 percent of the total global population. The sale of Muslim clothing in Indonesia is at 20 billion USD with a growth rate of 18.2 percent per year. Meanwhile, the State of Global Islamic Economy Report 2018/2019 shows that the fashion consumption among Muslims … [Read more...] about Indonesia targets to become world’s Muslim fashion centre by 2020

Property arm Lotte Land last month said it would cease plans for the Lotte Eco Logis Dong Nai, which was granted an investment certificate only in November 2022. illustration photo/source baodautu.vn In a document dated March 2, Dong Nai Industrial Zones Management Board stated that Lotte Land had sent an official document on cancelling the project in Nhon Trach Industrial Zone VI from February 17. The board requested the investor to liquidate the project and fulfill all obligations related to the operation of the enterprise in accordance with the law. Younggun Ko, a director of Lotte Land, told VIR that various circumstances and investment plans related to this project had been changed, leading to the cancellation. Ko added that the move would not make much of an impact on the business of Lotte Land, and its general business strategy would remain the same. Lotte Mall Hanoi, a $600 million facility, is still expected to open in August and will include a hotel, … [Read more...] about Lotte switches focus after cancellation of warehouse development in Dong Nai

The Vietnam News Agency (VNA) and the National Associated Press Agency of Italy (ANSA) sign a professional cooperation agreement at an online ceremony held in Hanoi on February 20. (Photo: VNA) Hanoi (VNA) - Italian Ambassador to Vietnam Antonio Alessandro cited Italian President Sergio Mattarella's words as saying that the relationship between the two countries “strongly rooted in history” while granting an interview to the Vietnam News Agency (VNA) on the occasion of the 50th founding anniversary of bilateral diplomatic ties (March 23, 1973 - 2023). The following is the full text of the interview. Reporter: How do you evaluate the relations between Vietnam and Italy since the establishment of the bilateral diplomatic ties 50 years ago, especially since the upgrading of the relationship to a strategic partnership in January 2013? Ambassador Antonio Alessandro : I would use the words of the President of the Italian Republic Sergio Mattarella, who has just released a … [Read more...] about Italy – Vietnam relationship “strongly rooted in history”: Ambassador