The property market of Vietnam is believed to have a good prospect in the medium and long terms (Photo: VNA) Hanoi (VNA) – An insider has predicted a good outlook for the property market in the medium and long terms despite signs of decline in recent months. At a forum in Hanoi on May 16, Chairman of the Vietnam National Real Estate Association (VNREA) Nguyen Tran Nam said real estate companies listed in the stock market have recorded some drops in their revenue and profit. Though the Government has been making efforts to create an open and healthy business environment, there haven’t been any strong improvements, according to enterprises. He cited recent data as showing that in Ho Chi Minh City, the number of construction licenses have decreased 16 percent, and 150 projects have been halted to be inspected. Meanwhile, according to a report of the Vietnam Association of Realtors, apartments and villas offered for sale in Hanoi and HCM City have dropped, equivalent to … [Read more...] about Property market still attractive in medium, long terms: forum
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Many foreigners stay long-term in Vietnam
When he first came to Vietnam in 2006, Mr. Malcolm Duckett, a student from Australia, planned to stay about six months and travel around the country. That he would still be here more than a decade later never crossed his mind. With a good standard of living, career possibilities, and a family, Vietnam has become his second home and like many expats he can’t see a day when he would ever want to leave. Interesting times With a history and culture spanning thousands of years, Vietnam is an appealing place for Westerners looking to discover the East or simply find something different. As the country has developed rapidly in recent years, Vietnam boasts a combination of the old and the new compared to China, Japan, South Korea, Singapore and Thailand, which have developed for a longer period, been industrialized, and more resemble Western countries, many expats agree. Some fell in love with Vietnam at first sight, as happened to Rodion Fedorov from Russia, who studied Vietnam … [Read more...] about Many foreigners stay long-term in Vietnam
Long-term investment is a tough job
David Duong, president and CEO, Vietnam Wastle Solutions Co.Ltd Eco-friendly garbage trucks, trash cans David Duong began the conversation by talking about the nickname “the king of trash” people have given him. “‘King’ may sound lovely, but ‘trash’ makes it less attractive,” he said. “However, I think this nickname suggests people understand what we are doing.” One of the highlights of VWS’s community activities in 2018 was the company provided six environmentally-friendly garbage trucks to HCMC, Long An and Kien Giang. In addition to waste treatment as their core operation, assisting local authorities in collecting and transporting garbage in an increasingly eco-friendly way is a new activity that VWS pursues. In 2003, when a HCMC delegation visited a waste treatment plant in the U.S. and learned about a type of garbage trucks that is odorless, the city leaders came to believe the environment in Vietnam could be … [Read more...] about Long-term investment is a tough job
Long Thanh international airport to create growth momentum
While Singapore boasts the famous Changi International Airport, Thailand derives huge profits from its Suvarnabhumi airport, and Malaysia from its international Kuala Lumpur airport, Vietnam is now a mere point of call for major European and North American airlines due to lack of a modern international airport. The Vietnamese government has therefore decided to build a new state-of-the-art airport. 40 kilometers east of Ho Chi Minh City, the airport is expected to help ease the overloading of Tan Son Nhat International Airport. Nguyen Nguyen Hung, Chairman of the Board of Airports Corporation of Vietnam (ACV), said "The rapidly growing Ho Chi Minh City is expected to welcome some 40 million passengers in 2025 and probably 50 million in 2030. The Long Thanh airport project addresses the problem of traffic overload and is part of a national strategy to industrialize and modernize the transportation sector.” Like all modern airports, Long Thanh will have to meet the standards of … [Read more...] about Long Thanh international airport to create growth momentum
Long Thanh International Airport among world’s most expected new airports and terminals
The Hanoitimes - With more people than ever flying, cities around the world are building new airports and upgrading old terminals to create facilities capable of handling tens of millions of passengers. Long Thanh International Airport in Ho Chi Minh City has been named among 16 most exciting airport projects under construction or redevelopment people can’t wait to fly into, according to CNN, a US news-based cable and satellite television channel. Long Thanh International Airport. Photo: CNN A new airport to replace the cramped, outdated facilities at Ho Chi Minh City’s exciting airport has been needed for a long time. Built during the Vietnam War, and surrounded by the city, it’s already handling five million more passengers per year than it was designed for. “With a growing number of visitors to the country, and the national carrier, Vietnam Airlines, growing its operations, the government has brought forward construction of a new airport to be … [Read more...] about Long Thanh International Airport among world’s most expected new airports and terminals