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An office in HCM City. The city’s office market witnessed positive signs in the first half. — Photo tphcm.chinhphu.vn HCM City’s office market witnessed its first positive signs in the first half of this year since being affected by the COVID-19 pandemic for the previous two years, experts said. A report from CBRE said that for leasing, relocation accounted for more than 50 per cent of total transactions, and the remaining transactions were for expansion, renewal and new letting, at about 27 per cent, 12 per cent and 10 per cent, respectively. There were no more contractions as there were in 2020 and 2021, the company said. In the first half, the company said, there was one new Grade B office building, CMC Creative Space in District 7. The total net leasable office supply in HCMC was roughly 1.5 million sqm. The average vacancy rate of Grade A decreased by 1.6 percentage point quarter-on-quarter and 2.1 percentage point year-on-year to 10.1 per cent, mainly due to major … [Read more...] about HCM City office market recovers

In a fast-changing and ever more digitalised world, the need for forward-thinking, innovative, and ethical finance and accounting professionals is more important than ever before. Sharing the mission to ensure the accounting profession continues to maintain its reputation and impact, ACCA and the UEH have signed a cooperation agreement to roll out nine modules from the ACCA Advanced Diploma in Accounting and Business into UEH’s ACCA embedded accounting programme. This means that UEH students on the ACCA embedded accounting programme will have the opportunities to gain ACCA Advanced Diplomas in Accounting and Business, Oxford Brookes University Bachelor Degrees in Applied Accounting, and UEH Bachelor Degrees in Accounting. The students will only need to complete five more modules to acquire the ACCA qualification and become certified professional accountants within a significantly shortened period of time. ACCA also recognises the cooperation agreement as a meaningful way of … [Read more...] about ACCA and UEH enhance opportunities for Vietnam’s future accountants

Representatives of HSBC and Ree signed a loan agreement. — Photo coutersy of HSBC HSBC Bank (Vietnam) Ltd is the sole bank to arrange a green loan of VND900 billion for the Refrigeration Electrical Engineering Corporation (REE Corporation). This loan deal will help one of the Vietnamese leading multi-sector corporations complete E-Town 6, a high-rise office building that has earned the LEED Platinum certification for its sustainable design. This is the first time HSBC has arranged a green loan to finance a real estate project for a Vietnamese corporate. The seven-year term loan has reaffirmed HSBC’s leading position in providing sustainable financial solutions to businesses in Viet Nam. To achieve this green financing, REE Corporation completed HSBC’s stringent credit approval and management process of sustainable funding. The process is overseen by HSBC Asia Pacific Sustainable Loans Committee, the dedicated body of the bank with rich experience in successfully arranging … [Read more...] about HSBC Vietnam grants bilateral green loan to REE Corporation

On a mid-July afternoon, summertime for children, at 146 Nguyen Dinh Chieu, students were lining up for a school bus preparing for a field trip. This is one of many activities included in the "Summer of Game Changers" program in 2022 organized by ILA. This seven-week course was designed by ILA to not only let students experience different summer activities, but also help them reignite their passion for learning and discovering, and build the foundation of an active leader, with other important aspects that will prepare them to become the guiding generation. "ILA’s education method is to encourage confidence and natural growth. That they’ve done well, and we encourage them to do even better. They have improved themselves, understood their core values, matured, eventually left school, and helped change the world," said Tran Xuan Dzu, CEO of ILA. Under Dzu’s leadership, ILA has set up more than 50 English centers across 13 cities in Vietnam, teaching over 1 million students to become … [Read more...] about ILA English center marks 25 years of persistence with education, youth nourishment

Vietnam’s diplomatic activism in ASEAN reflects its status as an emerging middle power. This year marks the 27th anniversary of Vietnam’s ASEAN membership. Accession into ASEAN in 1995 provided Vietnam with a springboard to pursue international integration, attract external resources for economic development, and expand its diplomatic networks. Phan Xuan Dung, Research Officer at the Vietnam Studies Programme, ISEAS – Yusof Ishak Institute With its growing economic and diplomatic prowess, Vietnam is now seen as an emerging middle power – a state with sufficient motivation and capacities to undertake and manage regional/international responsibilities. Middle power diplomacy typically includes leadership in niche areas, a strong preference for multilateralism, and the promotion of rules-based principles. Nowhere does Hanoi exhibit these behaviors more prominently than in ASEAN. ASEAN is a crucial conduit for Vietnam to promote the rule of law at sea and … [Read more...] about Vietnam’s middle power diplomacy in ASEAN

Ilustrative image (Photo: VNA) Hanoi (VNS/VNA) - The real estate market of Vietnam showed signs of recovery and more balanced development in the second quarter of this year with increases in the number of successful transactions of apartments, houses and land, according to the report of the Ministry of Construction. The absorption rates were high in most product segments while there were no new inventories, and the vacancy rate of office and commercial space for rent gradually decreased. The ministry said there were almost no affordable apartments with prices from 25 million VND to 30 million VND per sq.m at commercial housing projects in central areas. Apartments at these prices were only available in a few projects in areas away from the city centres. Some projects at this price range were xpHomes in Dan Phuong district, Gemek Premium in Hoai Duc, Xuan Mai Complex in Ha Dong, Hanoi; Dream Home Riverside in District 8, Ehome S in District 9, HCM City; and FPT City Da … [Read more...] about Real estate market is gaining balance: ministry

The event is part of the city's programs on Investment, Trade, and Tourism Promotion Program and One Commune One Product (OCOP) promotion in 2022. A fair introducing and OCOP products of northern mountainous provinces will take place from August 31 to September 4, 2022 in Son Tay Town on the outskirts of Hanoi. Hanoi hosts many OCOP promotion fairs this year. Photo: The Hanoi Times About 100 booths displaying OCOP products from the northern mountainous areas will be arranged at the cultural space at Son Tay Town’s main square. Exhibits at the event are OCOP products rated with three stars or higher, regional specialties, handicrafts, and potential OCOP products, with clear traceability and eye-catching packaging and labels. Nguyen Van Chi, Permanent Deputy Chief of the Hanoi Coordination Office of New Rural Construction Program, told T he Hanoi Times that to support the marketing of OCOP products, the organizers will support exhibitors from provinces … [Read more...] about Hanoi to promote OCOP products from northern mountainous provinces