From beachfront properties… The 2016-2017 period saw booming development in beachfront resort properties. Developers have been continuously launching new projects on the market. Localities having vast potential for ocean tourism like Danang, Khanh Hoa, and Kien Giang appeared as magnets to investors. Of them, Nha Trang and Danang alone accounted for 70% of the supply and generated the most successful transactions in the nationwide resort property market last year. Other locations such as Quang Ninh and Haiphong in the north, Thanh Hoa, Quy Nhon, Quang Nam, and Binh Thuan in the central region have also been attracting sizable resort projects from major local developers like Vingroup, Sun Group, FLC Group, CEO Group, MIK Group, MBLand Holdings, and Hung Vuong Corporation. Scrutinising the recent beachfront resort property boom, director of CBRE Vietnam’s Hanoi Branch Nguyen Bich Trang commented that as Vietnam features a long coastline and Vietnamese people, particularly … [Read more...] about Mountain-view real estate shows bright prospects
Investment attraction
Hanoi, Bulgaria’s Sofia city intensify cooperation across fields
At a reception for Sofia’s Vice Mayor Doncho Petrov Barbalov on March 12, Ha said many cooperation agreements were signed between hospitals of Hanoi and Sofia. The official informed her guest that the Bulgarian rose festival was held in Hanoi from March 8-11, attracting crowds of Vietnamese and foreigners. Ha said she hopes Barbalov and his entourage will use the occasion to explore Hanoi, especially its UNESCO-recognised sites, craft villages and cuisine. For his part, Barbalov said such programmes as the recent Bulgaria rose festival have created a foundation for Hanoi and Sofia, and the two countries to enhance their partnerships in trade and tourism. The Vice Mayor called on the two sides to step up their collaboration in transport, environmental hygiene, health care, education and tourism. … [Read more...] about Hanoi, Bulgaria’s Sofia city intensify cooperation across fields
Vietnam’s startups make arduous efforts to call for foreign capital
Most Vietnamese startups find it difficult to call for investment, especially foreign investment. Vietnam is listed among 20 economies with high entrepreneurial spirit, but it is also among 20 countries with the lowest capability of implementing business plans. Only 3 percent of Vietnam’s startups achieve success, and 80 percent exist for no more than two years. Vietnam’s startup ecosystem marked a new milestone in 2019 when attracting $246 million worth of capital from South Korean investors within six months. Vietnam’s startup ecosystem marked a new milestone in 2019 when attracting $246 million worth of capital from South Korean investors within six months. Analysts say that this was a big jump from an unknown startup ecosystem into the top 3 among the six most powerful communities in ASEAN, after Indonesia and Singapore. Mai Lan Vietnam promotes innovative startup ecosystem in Singapore The “Techfest Vietnam in Singapore” took place … [Read more...] about Vietnam’s startups make arduous efforts to call for foreign capital
E-commerce giants incur losses as they spend more on technology, marketing
They are spending big money on technology to manage business effectively and give clients the best experiences, and on marketing campaigns to lure more customers. According to the Vietnam E-commerce Association (VECOM), Vietnam’s e-commerce grew by 25 percent in 2017. If the growth rate is maintained, the market value may reach $13billion by 2020. However, though Vietnam is an attractive market, it still doesn’t bring profits. Meanwhile, the investment rate for the development of delivery networks is huge. And because of the expenses, the lossed incurred by e-commerce firms is foreseeable. Linh Nga E-Commerce needs a new push to reach rural areas E-commerce is developing rapidly in Viet Nam but it needs a new push to reach rural areas and help small- and medium-sized enterprises (SMEs) reach customers, experts have said. Concerns persist over taxation of foreign e-commerce firms The passing of the amended Law on Tax Management by the National … [Read more...] about E-commerce giants incur losses as they spend more on technology, marketing
Vietnam’s aviation industry should focus on infrastructure, innovation
Innovation and investment in infrastructure are required for Viet Nam's aviation industry to develop, experts have told conferences at the Viet Nam International Aviation Expo that opened on November 20 in HCM City. Conferences are being held at the exhibition to discuss topics surrounding the aviation industry. Darren Hulst, senior managing director, market analysis & sales support, commercial airplanes, at Boeing, said the country’s aviation industry quadrupled in size in the last 10 years. As the middle class expands, the growth potential for the industry also increases, he said. "I think in some cases the challenges for aviation here are really because the market wants to grow so quickly. Investment in infrastructure is needed to continue to facilitate the growth." Understanding the long-term view of Viet Nam's aviation market and the potential for the next five or 10 years, and then investing systematically in areas such as airports and technician and pilot … [Read more...] about Vietnam’s aviation industry should focus on infrastructure, innovation
