Naspers invests 89m in emerging markets car auction start up

Demand for industrial, logistics estates at core of enquiries next year: Savills Demand for industrial and logistics estates in addition to ready-built factories and warehouses will continue to be the core of enquiries next year, according to an expert from property consultancy Savills Vietnam. “However, in terms of new trends, data centres and cold storage facilities are in demand and have gained traction in 2020 and 2021,” John Campbell, manager of Industrial Services at Savills Vietnam told the Vietnam Investment Review. “Next year, we expect this to continue, as Vietnam is now on the radar for hyperscale facilities.” Low-value industries are beginning to set up elsewhere in Southeast Asia as Vietnam no longer offers the same incentives, he said, adding that these industries such as textiles and furniture struggle to source affordable labour and land in Vietnam. However, foreign and high value-added investors remain bullish on Vietnam’s long-term growth, …

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Since joining the World Trade Organisation 15 years ago, Viet Nam has become a part of 17 FTAs, which are either under negotiation or underway. This has helped create a momentum for the country's exports. Viet Nam’s total export-import value rise from $84.7 billion in 2006 to $545.3 billion in 2020. Workers make shoes for export. Now, the Ministry of Industry and Trade (MoIT) is enhancing the formation of a portal that will make accessing information on the current and upcoming FTAs easier for Vietnamese businesses. Ngo Chung Khanh, Deputy Director of the MoIT’s Multilateral Trade Policy Department, said that 2021 has been a difficult year for businesses and the wider economy, but there is still hope for the future. He mentioned export turnover as an example, in which traditional markets like China and other ASEAN countries were supplemented by the US and other countries that Viet Nam has signed Free Trade Agreements with. Thanks to two newly-signed FTA's, …

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Vietnamese President Nguyen Xuan Phuc (standing) speaks at the forum. (Photo: VNA) Bern (VNA) - Vietnamese President Nguyen Xuan Phuc and his Swiss counterpart Guy Parmelin co-chaired a Vietnam - Switzerland Business Forum in Bern on November 26. Addressing the forum with the attendance of representatives from over 100 businesses of the two countries, the Vietnamese leader called on Swiss businesses to invest in Vietnam and partner with Vietnamese enterprises in areas where Swiss firms have strengths and Vietnam is giving priority to, especially in banking and finance, science and hi-technology, innovation and digital transformation. For his part, President Parmelin highlighted the huge potential for stronger cooperation between the two countries, and the necessity to have new cooperation framework s to encourage Swiss businesses to invest in Vietnam. The interest and commitment of businesses and representatives of the private sector of Switzerland at the forum …

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The latest draft of the eighth national power development plan in 2021-2030 shows considerable reductions in coal-fired power and increases in wind power, following Vietnam’s strong commitments at COP26. The eighth plan still has not been issued after many debates. The draft plan continues to be amended after Vietnam made strong commitments at COP26 on the goals and ambitions in obtaining Net Zero by 2050. Because of the commitments, the Ministry of Investment and Trade will have to reconsider the country’s electricity generation sources. In an operating scenario released by the Ministry of Industry and Trade (MOIT) in November, the total capacity of power sources to be installed by 2030 is 155,722 MW, lower by 24,305 MW than the 180,027 MW shown in March scenario. With the scenario, coal-fired electricity capacity would decrease by 6,694 MW, while LNG-fired electricity by 18,550 MW and Vietnam would increase electricity capacity from wind power. Onshore wind power …

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The container, with 200,000 cans, is the first batch in an order of 2 million cans in ten containers, which will be delivered in 2022. According to Lenger Seafoods Vietnam, the export of products to fastidious markets like the EU is the result of many years of modernising canned clam production lines, and efforts of the firm to seek markets. Recently, Lenger Seafoods Vietnam has installed and put a modern equipment line with a capacity of up to 12 million cans per year into operation. The treatment of wastes after processing also received due investment to meet European standards./. VNA …

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Vietnam’s agriculture minister on Wednesday called on his Japanese counterpart to accelerate quality assessment process for longan exports from the Southeast Asian country to enter the East Asia market in 2022. Le Minh Hoan, Vietnamese Minister of Agriculture and Rural Development, joined a working session with Kaneko Genjiro, Japanese Minister of Agriculture, Forestry and Fisheries, the Vietnamese agriculture ministry reported on Thursday. During the discussion, Hoan urged his Japanese counterpart to accelerate procedures at Japanese appraisal authorities in order for Vietnamese longans to enter Japan in the 2022 harvest. The Vietnamese minister also suggested that Japan apply online inspection or facilitate procedures for enterprises to ship heat-treated poultries to Japan. Mechanisms for Vietnam’s pomelo and Japan’s grape harvests to enter the other market will also be devised, the two ministers concurred. Vietnam is promoting agriculture development to ensure food …

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