Lodgis Hospitality's long-term vision and invesment strategy for vietnam's tourism market Lodgis Hospitality, the investment partnership between the leading global private equity firm Warburg Pincus and Vietnam’s leading investment manager, VinaCapital, is focused on Vietnam’s tourism industry, with the strategic aim to support the development of Vietnam as an international tourism destination by delivering a range of high-quality hospitality real estate developments and services. Vietnam - a timeless charm Vietnam - a truly fascinating country, offers a 3,260km coastline, connecting the North and South with white-sand beaches. Beyond its significant coast, the country boasts overlapping ranges of mountains, primeval forests, and world famous caves. The destination is also known for its rich history, deep culture and arts, and unique street food cuisine. More than its diverse natural landscape, Vietnam also has vibrant cosmopolitan cities such as Hanoi and Ho Chi Minh, each with its own distinct ambience and rhythm. Hanoi offers a traditional setting with heritage dating back 1,000 years. Ho Chi Minh City is a high-energy urban and business center with skyscrapers and a bustling streetscape. There are also the idyllic landscapes of the Vietnamese countryside and craft villages. These include bountiful fruit orchards across the Mekong Delta; narrow Hoi An streets adorned with bright red Bougainvillea trellises of ancient yellow houses; and, the terraced paddy fields in Sapa. Vietnam and its timeless beauty. Vietnam has become one of the top destinations in the Asia-Pacific region, attracting tourists from all over the world. The U.S - based Go Overseas website ranked Vietnam 8th in its list of top 10 travel destinations for 2019, saying the nation is “filled with beauty at every turn”. As a home to eight UNESCO World Heritage sites, Vietnam was also rated as one of the 10 most unique destinations in Southeast Asia in 2019 by The …
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Strong recovery prospects for Vietnamese steel industry
Efforts in public investment disbursement helped boost the steel market Investment in modern technology According to the Vietnam Steel Association (VSA), Vietnam is the only major economy of the Association of Southeast Asian Nations (ASEAN) to record positive growth in 2020. The government is now accelerating construction and public investment to promote recovery and further economic development. Recovered production in the second half of 2020, along with steady growth in disbursing public investment capital, has led to an increase in steel demand. VSA data show that in November 2020, steel production reached more than 2.454 million tonnes, up 4.34 percent over the previous month and up 15.6 percent compared with November 2019. Total sales reached more than 2.455 million tonnes, up 36.88 percent compared to October 2020 and up 20.9 percent compared with November 2019. According to the SSI Securities Corporation, the increase in steel consumption in the latter half of 2020 was due to pent-up demand from the first quarter as well as stable consumption in civil construction. To respond to changing market requirements, many steel companies have accelerated their innovation and investment in technology and quality management systems to improve productivity and quality. For example, the Vietnam Germany Steel Pipe Joint Stock Company (VG PIPE) has invested in a modern production line of steel pipes and cold rolled and galvanized sheet metal. VG PIPE has expanded its production and applied advanced technology from European countries and Japan with a high rate of automation for 38 steel production lines. The company’s products are manufactured according to Vietnamese standards (TCVN), Japanese standards (JISG 3112), American standards (ASTM) and standards of other advanced countries, to meet customer requirements and adapt to the global integration process. As a result, VG PIPE has affirmed its position among the top four domestic steel pipe producers and …
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VIETNAM BUSINESS NEWS MARCH 1
Vietnam Rubber Group to raise natural rubber output under its own brand A worker collects latex from a rubber tree (Illustrative photo: VNA) The rate is expected to hit 92 percent by 2022. The VRG has built a set of standards and introduced VRG-branded rubber products since 2018, bolstering consumption of its products along with Vietnam’s rubber brand in the international market. VRG-branded products reached 255,407 tonnes last year, accounting for 68 percent of the group's total output, from just 20,790 tonnes recorded in 2018. The VRG reported 21.17 trillion VND in revenue and 5.23 trillion VND in post-tax profit in 2020, year-on-year increases of 6.9 percent and 36.4 percent, respectively./. CPI in February highest in 8 years Vietnam’s consumer price index (CPI) in February was up 1.52 percent over the previous month and 0.7 percent year on year, according to the General Statistics Office (GSO). This is the highest February CPI growth recorded in the last eight years. However, the index in the first two months decreased 0.14 percent year-on-year. Compared to the previous month, an upturn was seen in the prices of ten out of 11 main groups of goods and services, with housing and construction materials taking the lead (4 percent). It was followed by food and catering services (1.61 percent); transport (1.55 percent); drinking and tobacco (0.9 percent); garment and textile, headwear and footwear (0.25 percent). The price of education services remained stable compared to the previous month. The GSO’s Price Statistics Department explained that the CPI in February saw a strong rise due to the higher demand for food and foodstuffs for the Lunar New Year (Tet) festival. The prices of medicine and medical supplies in January-February increased by 0.88 percent compared to the same period last year, the price of gas in the month climbed 3.05 percent year-on-year. There were a number of reasons for the decrease in CPI in the last …
