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“Investors and businesses used to not pay attention to the lifespan of logistics centres, however, when customers’ requirements are increasingly stricter, the basic infrastructure will not meet their needs. Therefore, investors will consider project lifespan and cost effectiveness of the logistics centre to serve the supply chain, in which construction materials will be the focus to ensure the safety of goods,” said Trang Bui, Head of Markets, JLL Vietnam. … [Read more...] about VIETNAM BUSINESS NEWS JANUARY 11

This move is in response to a series of incidents earlier this year, in which contractors won bids by the general department to supply rice to the State Reserves but later declined to sign contracts as rice prices surged due to the COVID-19 pandemic. Instead, they opted to export the rice for greater profit. … [Read more...] about VIETNAM BUSINESS NEWS JANUARY 13

Referring to great Vietnamese achievements in 2020, the PM stated that Vietnam has received official recognition as a dynamic economy in Asia, with an annual GDP growth rate of 6.3% over the past 10 years. Indeed last year alone saw the country ranked as one of the 16 most successful emerging economies to successfully achieve the dual goal of epidemic prevention and economic recovery. This can be seen through positive growth of 2.9%, making Vietnam among a group of nations to record the highest growth rate in the world. … [Read more...] about VIETNAM NEWS JANUARY 13

Speaking at the opening ceremony, Minister of Transport Mr. Nguyen Van The stated that this would not only be a very important project, connecting with the economic hubs of the Mekong Delta but also open a new road linking Ho Chi Minh City with the southwestern provinces; thereby playing an important role for the promotion of socio-economic development, ensuring national security and defense of the region. In addition, the project success also demonstrates the friendship between Vietnam and the Republic of Korea. … [Read more...] about VIETNAM NEWS JANUARY 15

“I have heard some difficulties of South Korean companies in applying for licenses in Vietnam. Under COVID-19, the government has implemented various favourable policies to support companies to overcome the pandemic’s economic situation,” said KorCham chairman Kim Han Yong. “However, licensing for some large South Korean projects in Hanoi and Ho Chi Minh City have been delayed due to lack of clear legal instructions and this caused many difficulties. So we sincerely hope the government will understand this situation, and clarify guidance of regulations to local authorities.” … [Read more...] about New economic priorities for a new year