Modern industrial house

Prime Minister Pham Minh Chinh speaks at the conference. (Photo: VNA) Binh Dinh (VNA) – Prime Minister Pham Minh Chinh urged the north-central and central coastal regions to create more breakthroughs in development to match their potential and advantages while addressing a conference in Quy Nhon city, Binh Dinh province, on February 5. The conference touched upon the implementation of the Government’s action plan to materialise the Politburo’s Resolution No. 26-NQ/TW dated November 3, 2022 on orientations for socio-economic development and national defence and security in the two regions by 2030 with a vision towards 2045. It was also intended to promote investment in the regions with the theme of “Linkage - Breakthroughs from maritime economy - Rapid, sustainable development.” The regions hold strategic positions and roles of special significance in terms of economy, especially maritime economy, politics, culture, social affairs, environment, external relations, … [Read more...] about PM asks north-central, central coastal regions to create development breakthroughs

As of the end of last year, the total outstanding loans for real estate projects in Vietnam hit over VND1,200 trillion (US$51.5 billion), according to the Ministry of Construction. Property enterprises borrowed some VND800 trillion ($34.1 billion) from banks and issued bonds worth roughly VND419 trillion ($17.9 billion) via private placement. In particular, banks offered loans worth about VND180.7 trillion ($7.7 billion) for urban area and housing projects in 2022, or 22.8 percent of the total loans for the real estate sector. In addition, loans for office for lease projects and industrial and export processing zones stood at more than VND41.8 trillion ($1.8 billion) and VND40.1 trillion ($1.7 billion), respectively. Meanwhile, investors of tourist site and resort projects asked for loans of nearly VND32.7 trillion ($1.4 billion). The figures were over VND57.5 trillion ($2.45 billion) for restaurant and hotel projects, VND144.2 trillion ($6.1 billion) for projects to build … [Read more...] about Property loans in Vietnam top $51bn in 2022

Tailoring is one of the oldest professions in Hanoi. What brought you to the profession? I am a second-generation descendant of a family with more than 70 years of working in this area. My father also opened a tailor shop specialising in serving foreigners in the 1950s, when the tailoring profession in Hanoi was still very primitive and the designs and fabrics were monotonous. Canadian Ambassador to Vietnam Shawn Steil visits Van Hung Tailor Hanoi in the 1980s did not have many tailors. Tailoring as a profession was an ideal choice for young people who do not go to college. I studied sewing technology at school, now the Hanoi Vocational School of Cookery, Tourism, and Fashion. This is also the only training institution in tailoring supported by Germany, with only around 100 graduates per year. I was honoured to be one of the 10 best candidates to win a contest organised by the Ministry of Industry and Trade in conjunction with the Berlin Fashion Institute of … [Read more...] about Lifelong love for suit tailoring

The new office in Hanoi signifies Frasers Property’s commitment to Vietnam’s economic development, underscoring the confidence it has in the long-term growth potential across the country. The new office is located in the HCO Building in Hoan Kiem district within Hanoi’s bustling downtown, while Frasers Property’s premier representative office continues to be located at Melinh Point within Ho Chi Minh City’s central business district. This expansion is supported by a strong team to match Frasers Property's ambitions. Frasers Property CEO Panote Sirivadhanabhakdi (front right) and FPV CEO Lim Hua Tiong (front left) on the opening day of the new office Edwin Tan, deputy CEO of FPV, said, "The company has seen significant growth in the scale and operation of our business over the past few years, and we are now looking to expand and scale nationally." “The opening of our Hanoi office is part of FPV's overall growth plan, bringing us closer to our valued real estate … [Read more...] about Frasers Property opens Hanoi office