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The remaining top 10 markets in the category are: Columbus, Santiago, Johannesburg, Atlanta, Nashville, Phoenix, Austin, Denver, and Chicago, according to a report released by Cushman & Wakefield Vietnam on February 2. The annual report, now in its fourth year, ranks major data centre markets around the world according to 13 weighted categories including market size, connectivity, power cost and environmental risk to determine the top overall markets in each category. According to the latest Q4 2022 Ho Chi Minh City marketbeat report, the average rental price reached $159 per sq.m per lease cycle, up 3 per cent on the quarter and 10 per cent on-year. Vietnam is a frontier data centre market Vietnam may be a frontier data centre market, but it has numerous fundamentals that would suggest great potential for development. The country currently has 70 per cent internet penetration, with an estimated 29 million people yet to get online. Over 48 per cent of Vietnam’s … [Read more...] about Ho Chi Minh City among top markets for data centre development

People shop for street food in Chinatown - Illustrative image (Photo: Reuters) Bangkok (VNA) - The Thai Government predicts inflation to decline further this year, as the headline inflation in January cooled to its lowest rate in nine months. The Ministry of Commerce announced on February 6 that last month’s consumer price index (CPI), a key indicator of consumer inflation, rose 5.02% from a year earlier, down from 5.89% in the previous month and marking the lowest growth since April 2022. The headline inflation growth is projected to be below 5% in February, helped by growing domestic demand from the tourism boom, the ministry's Trade Policy and Strategy Office deputy director-general, Wichanun Niwatjinda, said. The ministry also expected the headline inflation growth to range between 2 and 3% this year, he added. In 2022, headline inflation hit a 24-year high of 6.08%, with the core rate at 2.51%./. VNA … [Read more...] about Thailand expects this year’s inflation down

After the welcoming ceremony, the host and Gen. Cuong held talks. At the meeting, the commander of the Royal Brunei Armed Forces expressed his honor to receive General Cuong and the Vietnamese delegation in Brunei. He highlighted the visit, stressing that it is of special significance in boosting political trust, mutual understanding, and cooperation between the two militaries, making substantive contribution to developing the comprehensive partnership between Vietnam and Brunei. Expressing thanks to the host for the solemn reception, General Cuong believed that the visit will help deepen the flourishing relations between the two militaries. The Vietnamese chief of the General Staff underlined the constant development in the two countries’ relationship over the past time. Especially, since Vietnam and Brunei elevated their ties to the comprehensive partnership during the Sultan of Brunei’s official visit to Vietnam in March 2019, the bilateral relationship has been closer with … [Read more...] about Comprehensive cooperation between Vietnamese, Brunei militaries promoted

Hanoi (VNA) - The following is a list of selected news summaries last night by the Vietnam News Agency. - The Politburo on February 6 held a meeting with former senior leaders of the Party, State and Vietnam Fatherland Front on the occasion of the 93rd anniversary of the Communist Party of Vietnam (CPV) and the Lunar New Year. Participating former leaders all expressed their belief in and pride of positive outcomes that the country has achieved in the past time. Read full story - Acting President Vo Thi Anh Xuan has hailed outgoing Brazilian Ambassador to Vietnam Fernando Apparício da Silva’s contributions to consolidating the practical and effective development of Vietnam-Brazil comprehensive partnership during his tenure. During a reception for the diplomat in Hanoi on February 6, Xuan affirmed that Vietnam always wishes to further strengthen its ties with Brazil, one of the top important partners in Latin America. Read full story - On behalf of the Politburo, Party … [Read more...] about ☀️ Morning digest February 7

Phnom Penh (VNA) – Political parties of Cambodia have announced their respective manifestos for the upcoming 21-day National Election campaigns across the nation, highlighting their past achievements and making promises to gain people’s support, local media reported. They include the ruling Cambodian People’s Party (CPP), the main opposition Candlelight Party (CP), royalist Funcinpec and the pro-royalist Khmer National United Party (KNUP) which have been actively promoting their policies ahead of the election. While National Election Committee (NEC) officials expect that at least 20 political parties will register their candidates for the election, minor parties have carried out minimal activities both at the national and grassroots levels and have yet to announce their participation. The CPP has unveiled its manifesto, consisting of pushing for pay rises for civil servants, adjustment and increase of pensions, increase in the minimum wage for workers and striving to address … [Read more...] about Cambodia’s political parties release election plans

In March, its flights between Hanoi and Beijing will resume with a frequency of three flights a week. Meanwhile, the carrier will increase the weekly frequency of flights linking Hanoi and Ho Chi Minh City of Vietnam to Guangzhou and Shanghai of China to four from the current one to two flights. From April, Vietnam Airlines will reopen four routes between Da Nang and China’s Guangzhou, Shanghai and Chengdu as well as between Hanoi and Chengdu. The routes will operate two flights a week to provide service between the two communities. In addition, from September, the airline plans to operate the wide-body aircraft Airbus A350 and Boeing 787 on its routes between Hanoi and Beijing; and between Hanoi and Ho Chi Minh City and Shanghai. With the optimistic scenario that China continues to ease related procedures and demand recovers well, Vietnam Airlines expects the number of passengers flying between the two countries this year to reach about 80% of the 8.1 million recorded in 2019, … [Read more...] about Vietnam Airlines to fully restore flight network to China

Prime Minister Prayuth Chan-ocha has instructed relevant agencies to facilitate visitors with travel and ensure their safety, spokesperson Anucha Burapachaisri told a briefing. Initially, the government predicted more than 20 million foreign tourists this year and later increased that to 28 million, he said. "Most recently, the prime minister is confident that tourist numbers will even exceed 30 million," Anucha said. The latest projection follows China's border reopening and the return of Chinese tourists. Thailand now expects at least 7 to 8 million Chinese visitors this year, up from a previous forecast of at least 5 million, Yuthasak Supasorn, governor of the Tourism Authority of Thailand, a government body, told Reuters. "Earlier, we didn't think China would also allow group tours...now we are seeing at least 7 to 8 million people," he said. The new forecast would be more than half the 11 million Chinese visitors recorded in pre-pandemic 2019. Up until February 2 of … [Read more...] about Thai PM sees over 30M foreign tourists this year

The government plans to enact a new law on real estate taxation in place of the Law on Agricultural Land Use and the Law on Non-Agricultural Land Use, and separating houses and land for tax purposes. There is currently a very low tax on lands and, unusually for any country, none on houses. The Government is on course to submit the bill to the National Assembly for comments in October 2024 and approval in May 2025. Several experts told VnExpress they agree that taxing houses and lands is necessary in the context that the property market is opaque and plagued by speculation, lack of systematization and ineffective management. Le Hoang Chau, chairman of the Ho Chi Minh City Real Estate Association, said taxing housing and land would help make the real estate market fairer and more transparent. Nguyen Van Duoc, general director of Trong Tin Accounting and Tax Consulting Company, supported an increase in the tax rates on lands but warned it is necessary to safeguard the … [Read more...] about Taxing housing necessary but challenging: experts

Many tourists in HCM City choose to travel around the city by cyclos. The number of cyclo drivers in HCM City has sharply reduced over recent years due to the city’s rapid urbanisation. To compete with app-based taxis, drivers have upgraded their cyclos, using stainless lightweight steel. A cyclo driver near Ben Thanh Market, Nguyen Thanh Hue, said that a cyclo was worth around VND20 million. A cyclo tour around the city is some VND300,000 while the price is just half that for a short distance like around Ben Thanh Market area, Hue added. Foreigners like taking photos with cyclos. The upgraded cyclo is quite strong and can transport heavy people. A Vietnamese woman enjoys cyclo tours. A cyclo driver said that he now is busier as tourist numbers have been on the rise after the Covid-19 pandemic. … [Read more...] about Tourists enjoy cyclo tours in HCM City

Poonpong Naiyanapakorn, director general of the Trade Policy and Strategy Office. (Photo:nationthailand) Bangkok (VNA) – The Thailand ’s Commerce Industry has warned the strengthening baht will affect high-value industrial products with few imported raw materials such as rubber products, canned and processed seafood, gems and jewelry. Poonpong Naiyanapakorn, director general of the Trade Policy and Strategy Office (TPSO), affirmed the baht surged to 32-33 baht per USD compared with 35-36 baht per USD last December. Poonpong said although the extent of the impact of the baht appreciation on export performance is not on par with the effect of a weakening global economy and economic slowdown in key trading partners, a strong baht directly affects the competitiveness of Thai products, making them more expensive than those of other exporting countries. The export value is also subject to a reduction once converted from the US dollar, resulting in a decline in revenue or … [Read more...] about Thai exports hurt as baht strengthens