The headquarters of the People’s Committee of HCMC, previously known as the HCM City Hall or “L'Hôtel de Ville” is one of the most ancient architectures in the city. It was built from 1898 until 1909 and designed by the French architect, Femand Gardès, simulating the bell tower style in Northern France. After 1975 until today, the building is the workplace of the People’s Committee of Ho Chi Minh City. … [Read more...] about VIETNAM NEWS NOVEMBER 27 (updated hourly)
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Overseas Vietnamese businesses are key to national socio-economic development, he said, adding that remittances to Vietnam have reached about 170 billion USD from 1990 to now. Overseas Vietnamese have invested in 3,000 projects with total registered capital of more than 4 billion USD, creating many jobs, according to Nghi. Some 500,000 - 600,000 overseas Vietnamese professionals are now working and studying in developed countries, which is huge resource for the country. Every year, there are about 500 overseas Vietnamese experts who return to Vietnam for investment in many fields, he said. The ambassador noted that about one-fifth of the 5.3 million overseas Vietnamese living in Europe. But the market share of Vietnamese goods in the EU is still modest compared to the potential. In recent years, many overseas Vietnamese have returned to Vietnam to start businesses as they see great potential and good economic growth in the country. Many of them have … [Read more...] about HCM City receives 4 billion USD in remittances in nine months
Noted advantages such as a relatively efficient and stable governing structure, regulatory and some cultural familiarity for companies accustomed to doing business in China, highly competitive labor costs, business-friendly tax profile along with generous incentives, and proximity to pre-existing Asian supply chains all recommended Vietnam for foreign investors. These advantages have coupled with significant developments this year to further strengthen Vietnam’s competitive allure for FDI, especially for US business.” … [Read more...] about How US investors’ positive sentiment towards Vietnam grows stronger?
The close-run nature of the US election means that Biden cannot afford to undermine many of Trump’s most impactful messaging, much of which was focused on tackling the aggressive ascendancy of China in both economic and military terms. Though Biden’s style may differ, most expect that on certain hot-button issues his velvet glove will conceal an iron fist, as the saying goes. He will, however, be picking his battles very carefully as the Western world stares into the economic abyss engendered by COVID. … [Read more...] about Will Biden be a boost for Việt Nam?
Office space remains a hot commodity as rents soar past the recent peak to reach a decade high. Rental rates in Grades A & B increase was supported by strong demand and higher rental rates in newer office developments. Tenants are struggling to find bigger space as in the current market, only one Grade A building and ten Grade B buildings can provide a contiguous space larger than 1,000 square meter (sq.m). … [Read more...] about Industrial property continues dominating Vietnam’s 2020 real estate sector