Forecasted real estate market

But it also warned of risks that could hamper growth, like the unpredictable global economic situation as the pandemic situation remains severe in many countries and possible anti-dumping and countervailing investigations by the U.S. and other countries. … [Read more...] about Think tank forecasts 6.46 percent growth for Vietnam

A document released by the Government Office on January 9 showed that Prime Minister Nguyen Xuan Phuc has assigned the Ministry of Transport to consider resumption of routine commercial flights to other countries after the 2021 Tet holiday. This aims at the dual goal of both developing the economy while fighting the pandemic and satisfying citizens’ demand for travel. … [Read more...] about Inbound, outbound travelers may need compulsory Covid-19 insurance

The city has been facing challenges finding investment in such traffic projects because investors do not see the benefits of investing in the projects or are hesitant to invest because they are all done on a massive scale and require a vast amount of capital. … [Read more...] about Ho Chi Minh City seeks investment for seven major projects

Hanoi (VNA) – Vietnam has emerged as an attractive foreign direct investment (FDI) destination in Asia, by beating China and India, a report by The Economist Intelligence Unit (EIU) has indicated. The Southeast Asian nation has become a new hub for low-cost manufacturing in Asian supply chains, the website eurasiantimes.com on January 14 quoted the report. The report suggests that factors that make Vietnam better than its peers are the incentives for international firms for setting up units to manufacture hi-tech products, the pool of low-cost workers, and the proliferation of free trade agreements. It also cited Ruchir Sharma, an emerging markets strategist at Morgan Stanley, as saying that Vietnam’s FDI has averaged more than 6 percent of GDP, which is the highest ratio in any emerging country. In addition, the ever-changing policies as per the market demand, the vigorous changes in the business and investment climate, socio-political stability and population … [Read more...] about Vietnam emerges as attractive Asian destination for investors: The Economist

The cold spell is moving southward, according to the National Center for Hydro-Meteorological Forecasting, and will leave its first impact on the northern mountainous provinces, then other places in the region, the central area and finally some south-central localities. … [Read more...] about Cold front returns, temperature to dive in northern, central Vietnam