Govt pushes 6 new road projects in arunachal as tension with china continues

Hospitality properties have long been considered a lucrative and long-term profitable investment for real estate investors operating in Vietnam. Pockets of opportunities for hospitality real estate are present in Vietnam though the tourism recovery in Vietnam lags behind other Asian markets, and uncertainties remain due to the economic slowdown, according to Colliers. “Vietnam has good fundamentals for developing hospitality properties. There is the rise of the middle class, increasing accessibility to travel thanks to improved infrastructure, the country’s openness to international trade, which drives business travel, events, and conferences, etc. Investing in hospitality real estate is a smart bet,” David Jackson, CEO of Colliers (Vietnam) said. A hospitality property project - Vega City Nha Trang in Khanh Hoa Province. Colliers experts have said that, in 2019, occupancy rates in hospitality establishments (hotels, resorts and villas) reached 52%. On … [Read more...] about Investment opportunities for hospitality real estate in Vietnam: Colliers

AEON has poured in Vietnam 1.18 billion USD in investment, making the country its largest overseas investment destination (Photo: baodautu.vn) Hanoi (VNA) - Vietnam has yet to lose its advantage as an attractive destination for f oreign investment flows , although in the short term, investors are taking a careful consideration before making their decision, according to Lecturer Nguyen Xuan Thanh from the Fulbright School of Public Policy and Management. In addition to a common trend of decrease over the globe, unnecessary procedures, tax incentives and low licensing are making investors hesitate. However, in the long term, Vietnam remains a country with various advantages in investment attraction, Thanh stressed. Sharing the same view, Michael Kokalari, chief economist at investment fund VinaCapital, said that Vietnam will continue to be a prime destination for FDI, particularly from multinationals looking to produce exports and seeking an alternative and/or … [Read more...] about Vietnam remains leading destination for foreign investment inflows: experts

Both domestic and global difficulties badly affecting Vietnam’s industrial production were highlighted last week when the National Assembly opened its fifth session in Hanoi. “The economic situation has continued depressing and the consumption demands in Vietnam’s key export markets have slashed due to high inflation. Meanwhile, there has been a rise in geopolitical tensions and many nations have tightened their monetary policy. All of these have badly affecting Vietnam’s industrial production and socioeconomic performance as a whole,” said Vuong Dinh Hue, Chairman of the National Assembly (NA). The government last week reported that in Q1, GDP grew only 3.32 per cent on-year, the lowest Q1 growth level over the past 12 years. In which many localities saw their industrial growth record a low or below-zero level. For example, regional GDP declined in the provinces of Bac Ninh (11.85 per cent), Quang Nam (10.88 per cent), Ba Ria-Vung Tau (4.75 per cent), Vinh Phuc (2.47 per cent), … [Read more...] about Ambitious 2023 targets out of reach with weak progress