The lobby of OfficeHaus in Tan Phu District, HCM City. The city's office market recovers after two years being affected by COVID-19 pandemic. — Photo courtesy of OfficeHaus After a two-year slump due to COVID-19, the HCM City office for lease market is showing positive signs with demand increasing in all segments. A CBRE report said there was good recovery in the office market with total net absorption in the first quarter of 17,000 square metres (sq.m), equivalent to 32 per cent in 2021. Relocation accounted for 55 per cent of the transactions, lease renewal for 25 per cent and expansion for 20 per cent, it said. There were transactions for large areas in some high-quality grade B buildings in both the CBD and other hubs such as Thu Thiem new urban area, District 7 and District 10, the company said. Savills said demand for office space was 16,500sq.m compared to just 1,500sq.m in the fourth quarter of 2021. It partly attributed the increase to the city’s post-pandemic … [Read more...] about HCM City office market coming out of slump: property consultancies
Jedi box office
Eisai Vietnam opens new office and enters strategic partnership
The opening of Eisai's new office in District 3, Ho Chi Minh City The company’s new office is located in Saigon Giai Phong Tower, 432-438 Nguyen Thi Minh Khai street in District 3, Ho Chi Minh City. Eisai Vietnam also signed an MoU with the Vietnam Neurological Association to increase access to diagnosis and improve the quality of treatment for the Alzheimer's community up to 2025. Eisai Vietnam is a wholly-owned subsidiary of Eisai Co., Ltd. – a leading global research and development-based pharmaceutical company headquartered in Japan. Founded in 1941, Eisai Group currently has 46 companies and subsidiaries and more than 10,000 employees worldwide. Eisai's corporate philosophy is to think about patients and their families first and to increase the benefits that health care provides to address significant unmet medical needs. Eisai's corporate philosophy is to think about patients and their families first and to increase the benefits that health care provides … [Read more...] about Eisai Vietnam opens new office and enters strategic partnership
PM attends opening ceremony of FPT Software’s second office in New York
PM Pham Minh Chinh (front, third from right) and other officials at the opening ceremony of the FPT Software office in New York on May 15 (Photo: VNA) This is FPT Software’s second office in New York, 10th in the US, and 58th in world. The company is providing technological and digital transformation services for tens of businesses in the Fortune 500 list in the North American country. After 14 years of operating in the US, FPT Software now has 450 employees and its clients are from 30 states across this country. The US is currently one of the two largest markets of the company, whose revenue here rose 52 percent year-on-year in 2021 and 60 percent in the first quarter of 2022. Dang Tran Phuong, Director of FPT America, said FPT Software is the second Vietnamese company to open an office in New York - the world’s largest economic, financial, and technological hub. It hopes that in the next three years, its office in New York will contribute to 20 percent of its total revenue in … [Read more...] about PM attends opening ceremony of FPT Software’s second office in New York
FPT Software opens second office in New York
The new office marked FPT’s development and improvement of Vietnam’s IT capacity, Prime Minister Pham Minh Chinh said at the opening ceremony. The PM also called on Vietnamese authorities to support Vietnamese businesses abroad, which will contribute to the country’s development. Pham Minh Tuan, FPT Software general director, targets turning the U.S. into its biggest market in the next two years and raising revenues to billions of dollars by 2023. Located at 295 Madison Avenue in Midtown Manhattan, the new office is FPT Software’s 58th unit globally. FPT Software started operating in the U.S. 14 years ago. It has more than 700 customers to date, 100 of which are Fortune Global 500 companies. … [Read more...] about FPT Software opens second office in New York
FPT Software opens 10th office in the US
Prime Minister Pham Minh Chinh attended the opening ceremony of FPT Software's new office in New York City Speaking at the ceremony, Prime Minister Pham Minh Chinh stressed the importance of the event in the context of Vietnam’s rapid recovery after the pandemic, showing the country’s sustainable socioeconomic development with a focus on technology and innovation. The PM believed that FPT would develop faster and stronger, contributing to the development of science and technology among Vietnam’s businesses. Dang Tran Phuong, CEO of FPT Americas said, “This is a milestone asserting our rapid and strong growth in the world's largest economy. In the next three years, we expect the new office to contribute 20 per cent of FPT Software's total revenue in the US, with the number of employees working directly with US reaching 5,000 people." This is FPT Software's 10 th office in the US and the company's 58 th worldwide. The new office is located at 295 Madison Avenue in New York … [Read more...] about FPT Software opens 10th office in the US
Demand for offices for rent on the rise after pandemic
The demand for rented office space in HCM City has sharply risen after the Covid-19 pandemic. HCM City-based Commenty Company which specialises in IT has rented a bigger office in District 4 to expand its operations after posting a robust growth during the pandemic. The demand for rented office space in HCM City has sharply risen after the Covid-19 pandemic Nguyen Tien Tuan, director of a trading firm in HCM City, said that his company had moved to a new office following new hires. Many buildings in HCM City have cut office leases by 10-15 percent. Nguyen Ngoc Bich, deputy director of the office leasing service at Thien Nam Building, said that the company owns 11 buildings which had a 98-99 percent occupancy rate before the pandemic. Due to the pandemic, two buildings with a total area of 3,000 square metres were now empty. After three months of rent exemption, Thien Nam Building has attracted more customers. At present, only roughly 1,300 square metres … [Read more...] about Demand for offices for rent on the rise after pandemic
Japanese pharma firm opens new office in HCM City
Japanese pharma firm Eisai Vietnam Co., Ltd opened a new business office in HCM City on Thursday, May 12, 2022. — Photo courtesy of the company Japan-headquartered pharmaceutical company Eisai Vietnam has inaugurated a new business office in HCM City, reaffirming its decades long presence in the country. The new office is located at the Saigon Giai Phong Tower at 432-438 Nguyen Thi Minh Khai Street in the city’s District 3. Yuki Inoue, general director of Eisai Vietnam, said the company aimed to improve the distribution system, introduce innovative drugs, and contribute to improving benefits for patients based on its human health care or “hhc” philosophy. He explained that Eisai's corporate philosophy gives first thought to patients and their families, and to increasing the healthcare benefits that meet significant unmet medical needs. Eisai Vietnam is a wholly owned subsidiary of Eisai Co Ltd, a leading global research and development-based pharma company headquartered in … [Read more...] about Japanese pharma firm opens new office in HCM City
FPT opens new office in New York, 10th in US
FPT Software is providing services to more than 700 customers worldwide, including 100 Fortune Global 500 firms. FPT Software, a subsidiary of Vietnamese FPT Corporation, on May 15 opened an office in New York, marking its 10th in the US to tap the annual IT growth rate of 6% in the world’s leading IT market. The opening ceremony was attended by Vietnam’s Prime Minister Pham Minh Chinh, who is on his week-long visit to the US. The opening ceremony of FPT Software's New York Office was attended by Vietnam's PM Pham Minh Chinh (4th from left), and representatives from Vietnam and the US. Photos: VGP Located at 295 Madison Avenue, Midtown Manhattan, the new office, which is FPT Software’s 58th unit globally, aims to continue providing services and digital transformation to dozens of Fortune 500 in the US. Midtown Manhattan is the financial hub of New York City, which is home to famous buildings namely the Empire State, Chrysler, and Rockefeller Center that … [Read more...] about FPT opens new office in New York, 10th in US
Thảo jabs way to 1st boxing win for hosts
Trần Văn Thảo beat highly rated Indonesian Kornelis Kwangu Langu in the first match of the men's 52kg boxing event. VNA/VNS Photo BẮC NINH — Trần Văn Thảo beat highly rated Indonesian Kornelis Kwangu Langu in the first match of the men's 52kg boxing event. The only Vietnamese competing in the preliminary round on May 17, Thảo faced multiple challenges as Kornelis was more confident, faster and stronger in the first round. Thảo soon found a way to counter the Indonesian, and with the home crowd in Bắc Ninh sports complex cheering him on, Thảo fought back with confidence in the other rounds and convincingly won the match with a 5-0 score. "Kornelis is a very strong opponent, he has won multiple championships, and it was not easy for me," said Thảo. Vũ Đức Thịnh, head of Vietnamese Boxing & Kickboxing, said: "Thảo could win the gold medal for Việt Nam this Games." "This win will boost the Việt Nam boxing team in the coming matches." In other matches at the 52kg men's … [Read more...] about Thảo jabs way to 1st boxing win for hosts
Office manager turns Games athlete
Trịnh Vũ Anh Huy. Photo thanhnien.vn Office workers becoming professional athletes is not uncommon throughout the world, but such cases are rare in Việt Nam. That’s why Trịnh Vũ Anh Huy, currently a senior manager of a “Big Four” company in Việt Nam, has drawn so much media attention by competing in the triathlon. Interested in sports from a young age, Huy used to be a gifted swimmer in HCM City. From 1998 to 2006, he won many awards at national youth swimming tournaments and was also sent abroad for training and represented Việt Nam at Southeast Asian tournaments. However, he decided to give up pursuing professional sports to focus on studying. He went to Australia to study finance at La Trobe, a top university globally. However, he still retained his passion for sports by regularly training and taking up a part-time job as a swimming and jogging instructor. After graduating, he returned to Việt Nam to work as an office worker in HCMC and is currently Senior Manager of … [Read more...] about Office manager turns Games athlete