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
End year bonus
Seafood exports target US$10 billion this year
Of the above figure, shrimp exports are expected to rise 26% to US$4.8 billion, tra catfish (up 10% to US$2 billion) and tuna and other seafood products (up 22% to US$3.3 billion). To this end, the seafood sector has to step up trade promotion, advertise the image of Vietnamese seafood products in international markets, overcome anti-dumping duty barriers on shrimp and tra catfish in the US market and ensure sustainable sources of domestic seafood. Despite a demanding target of nearly US$5 billion in shrimp export value, the sector believes in its success thanks to stable market demand and world prices. Shrimp exports jumped 20.2% to US$743 million in the first quarter of this year with top ten importers as the EU, the US, Japan, China, the Republic of Korea (RoK), Australia, Canada, ASEAN, Taiwan, and the Switzerland, who accounted for 89.3% of Vietnam’s total shrimp export value. The EU remains the largest consumer of Vietnamese shrimps, making up 18.2% of the total export … [Read more...] about Seafood exports target US$10 billion this year
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
Everton sack manager Silva after Merseyside derby humbling
International Everton sack manager Silva after Merseyside derby humbling The Saigon Times Daily Friday, Dec 6, 2019,14:26 (GMT+7) Everton sack manager Silva after Merseyside derby humbling The Saigon Times Daily Everton manager Marco Silva reacts at St Mary's Stadium, Southampton, Britain November 9, 2019 – PHOTO: REUTERS LONDON (REUTERS) - Everton have sacked manager Marco Silva the day after dropping into the relegation zone following a 5-2 defeat at Merseyside rivals Liverpool, the Premier League club said on Thursday. Silva, who arrived at Goodison Park in May 2018, has left with the team languishing 18th in the table on 14 points after they lost nine of their 15 league games this season. "Everton Football Club can confirm that manager Marco Silva has left the Club," Everton said on their website. “Majority Shareholder Farhad Moshiri, Chairman Bill Kenwright and the Board of Directors would like to … [Read more...] about Everton sack manager Silva after Merseyside derby humbling
Imports sustain China’s trade despite overall slowdown in growth
Imports of Basic & Industrial Raw Materials, Chemicals & Products and Temperature or Climate Controlled Goods remain positiveRise in exports of Machinery Parts coincides with growing focus on smart manufacturing and high-quality developmentSHANGHAI, CHINA - Media OutReach - 6 December 2019 - The DHL Global Trade Barometer (GTB) indicates a further contraction in world trade for the next three months, with China recording the weakest growth outlook compared to all surveyed GTB countries. China's ocean and air imports in certain sectors[1] look set to remain strong as domestic consumption drives the economy amidst an overall decline in trade growth, according to data from the DHL Global Trade Barometer released by DHL, the world's leading logistics company.The DHL Global Trade Barometer, an early indicator of global trade developments calculated using Artificial Intelligence and Big Data, revealed that China's trade index now stands at 42 points and therefore … [Read more...] about Imports sustain China’s trade despite overall slowdown in growth
