This is therefore an opportune time for the hospitality and real estate industry to reflect on what has happened and discuss was to increase competitiveness in both regional and international markets. Entitled “Vietnam Hospitality and Real Estate - Time for a Level Up”, the Meet The Experts' conference will take place on March 30th in Ho Chi Minh City, with more than 40 of the industry’s leading experts discussing the latest trends and sharing industry insights. Some of the highlighted topics: Vietnam and regional market updates Megatrends and market changes - Unlocking opportunities Judging by numbers - Hotel profitability in ASEAN Real estate conversion in hospitality - Vietnam's potential Megatrends - Consumer experiences that create value Redefining luxury dining and F&B value in real estate Colour trends in interior architecture Lifestyle, boutique, and soft brand hotels - Vietnam's untapped opportunity Investment and development talks … [Read more...] about Hospitality and real estate experts to share their views
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Industrial, logistics property attractive to investors: Savills
Illustrative image (Photo: VNA) Hanoi (VNA) – Vietnam ’s industrial real estate sector has great potential for developing more projects related to data centres, cold storages and logistics, according to John Campbell , Associate Director, Head of Industrial Services at Savills Vietnam - the largest and most experienced real estate services company in the Southeast Asian nation. Main opportunities in the logistics industry include last-mile logistics services and the implementation of a logistics 4.0 system, said Campbell. Moreover, investors can take advantage of the lack of cold storages in Vietnam to develop new projects, and increase supply for the market, he said, adding that the construction of built-to-suit warehouses to meet special technical requirements is also an attraction for investors. Jack Harkness, Director of Regional Industrial and Logistics Services at Savills Asia Pacific, stated that the industrial and logistics real estate sector, which … [Read more...] about Industrial, logistics property attractive to investors: Savills
☕ Afternoon briefing on March 20
Hanoi (VNA) - The following is a brief review of the day’s events as reported by the Vietnam News Agency. - Economic cooperation should continue to be the focus of bilateral ties between Vietnam and the Republic of Korea, National Assembly (NA) Vice Chairman Nguyen Duc Hai said at his talks with Deputy Assembly Speaker of the RoK Chung Woo-taik in Seoul on March 20. Read full story - Chief Justice of the Supreme People’s Court Nguyen Hoa Binh and Minister of Justice Le Thanh Long cleared up questions regarding asset recovery in corruption cases, at a Q&A session in Hanoi on March 20 as part of the 21st meeting of the National Assembly (NA) Standing Committee. He admitted that the work has yet to be done strictly although 40% of the assets were recovered over the past decade. Read full story - Vietnam is striving to lure more Japanese investments to digital transformation and green growth, as recommended in the Vietnam-Japan Joint Initiative (VJI). Phase VIII of the … [Read more...] about ☕ Afternoon briefing on March 20
Gold prices retreat
Gold ring dropped 0.09% to VND55.85 million per tael. A tael equals 37.5 grams or 1.2 ounces. Globally gold prices edged higher on Tuesday, with investors looking forward to the Federal Reserve policy meeting as expectations grew that the U.S. central bank would slow its monetary policy tightening given the upheaval in the banking sector, Reuters reported. Spot gold was up 0.2% at $1,982.59 per ounce, as of 0317 GMT. U.S. gold futures also rose 0.2% to $1,986.30. According to the CME FedWatch tool, markets are pricing in a 26.2% chance that the Fed will stand pat at the end of its March 21-22 meeting, with a 73.8% chance of a 25 basis-point (bps) hike. "Gold is trading around the $1,980 level and well within yesterday's range, which was clearly a game of two halves," said Matt Simpson, a senior market analyst at City Index. "A pause (in rate hikes) could send gold back above $2,000 initially, but for it to hold onto those gains, we'd need to see a lower dot plot and … [Read more...] about Gold prices retreat
Vietnamese FM suggests expanding cooperation in areas of UK’s strength
Vietnamese Minister of Foreign Affairs Bui Thanh Son (R) and British Ambassador to Vietnam Iain Frew . (Photo: VNA) Hanoi (VNA) – Vietnamese Minister of Foreign Affairs Bui Thanh Son hosted a reception in Hanoi on March 20 for British Ambassador to Vietnam Iain Frew, during which he hailed the latter for actively promoting bilateral activities over the past years. Son said the signing and enforcement of the UK-Vietnam Free Trade Agreement has made the UK the third largest trade partner in Europe and the ninth largest export market of Vietnam and the most important European investor in the country despite impacts from the COVID-19 pandemic. He asked Frew to continue facilitating the exchange of all-level delegations, effectively implement bilateral cooperation mechanisms and work closely with Vietnamese partners to hold activities celebrating the 50th founding anniversary of Vietnam-UK diplomatic ties this year. The host suggested both sides maintain effective … [Read more...] about Vietnamese FM suggests expanding cooperation in areas of UK’s strength
Supporting the digital economy space
The interest rate hikes by the US Federal Reserve and other central banks that began to significantly accelerate in the second half of 2022 have impacted the tech industry and investors in significant ways. These hikes are expected to continue, at least in the short term, until the central banks are satisfied that inflation is under control or lose their nerve. When that happens is anyone’s guess. Eric Johnson, counsel at Freshfields Bruckhaus Deringer LLP This rapidly changing financial environment has made it more difficult for digital economy companies, especially those that are currently not profitable, to raise money in both public and private markets. Many investors have adopted a wait-and-see approach until the situation becomes clearer, and are revisiting the assumptions behind the sky-high valuations that many tech companies previously commanded. The recent failure of Silicon Valley Bank in the US has sent a shockwave through the tech and venture capital … [Read more...] about Supporting the digital economy space
Technology improvements at heart of Lazada’s legacy
Lazada continues to offer new promotions to entice its customer base As one of the early e-commerce players in Vietnam, Lazada is at the forefront of technology to meet customers’ evolving demand. During the Birthday Sale Boom shopping festival in March, the company increased its investments in two new shopping channels, LazLook and LazBeauty, bringing a unique and sophisticated shopping experience to users. There are also myriad promotions for refunds and free shopping. At the same time, the Lazada Super Show virtual music festival has also been held. By integrating 360-degree AR technology, viewers were immersed in unique spaces at home. Meanwhile, the company also applies realistic AI and AR-powered Virtual Try-On to shoppers, enabling beauty lovers to instantly sample products with pictures or live videos of themselves before making a purchase. The moves are all part of attempts to be ahead of the e-commerce game in expectation of an explosion in growth. According to a … [Read more...] about Technology improvements at heart of Lazada’s legacy
Thai man’s 300-km motorcycle trip with 11 cats goes viral
The route was nearly 300 km and took almost five hours of traveling, The Thaiger reported. Many Thai TikTokers posted videos of Uncle Samsen, real name Choowong Thepkoh, and his cats and praised him for his love and kindness toward the cats. A popular cat Facebook page, Kingdom of Tigers, also raised funds to buy Choowong a sidecar motorcycle so he can travel to the markets with his cats. Last week, the Kingdom of Tigers page urged followers to donate cat food to Choowong as he was about to travel to Korat by sidecar motorcycle. In an interview later with Amarin TV, Choowong revealed that he came back to Korat, his hometown, where he left 26 years ago, to sell his goods at the annual flea market. He also wanted to bring his "kids," or his cats, to visit his birthplace. … [Read more...] about Thai man’s 300-km motorcycle trip with 11 cats goes viral
100 cafes, eateries in downtown HCMC to open their toilets to public
The initiative came after Hanoi and HCMC, Vietnam's two biggest cities, were ranked near the bottom in a global ranking of public toilet density of 69 cities by QS Supplies, one of the largest bathroom wholesalers and retailers in the U.K. They have only 0.01 public toilets available per square kilometer, higher only than the Egyptian capital Cairo, which has 0.002. Paris topped the ranking, with the French capital having seven per square kilometer, followed by Sydney (3.64) in Australia and Zurich (2.9) in Switzerland. After the ranking made local headlines, the HCMC People's Committee ordered districts to build more public toilets, starting with District 1. Le Duc Thanh, the district chairman, said the coffee shops that have agreed to let people to use their toilets for free include Highlands, Trung Nguyen, King, Katinat, and Thuc, and the restaurants include Din Ky and Hozzizon. He said the district would call on more businesses to do the same. Vu Nguyen Quang Vinh, the … [Read more...] about 100 cafes, eateries in downtown HCMC to open their toilets to public