North south expressway

Due to strong demand from various sectors, average occupancy rates of tier-1 markets in the northern region reached 83.2 per cent as of Q4 2022. — VNA/VNS Photo CBRE Vietnam has reported that Viet Nam's industrial real estate sector is poised for a prosperous year in 2023 due to a surge in demand. This upswing is largely attributed to an ongoing production shift and China-plus One strategy of manufacturers. The rental prices of industrial park lands in tier-1 markets are expected to rise by 5-10 per cent, fueled by robust demand. In addition, the CBRE Market Outlook 2023, released on February 17, revealed that in 2022, net absorption in tier-2 markets witnessed a substantial increase, further confirming the continuation of this trend in the coming years. Throughout 2022, northern industrial markets sustained a positive performance. By the end of 2022, the industrial land supply of tier-1 markets in the North reached 10,291 ha, up 8 per cent yearly. Bac Ninh and Hung Yen are … [Read more...] about Strong signals of positive year for industrial real estate market

The MIC called for a level playing field for domestic and foreign companies. Vietnam's Ministry of Information and Communications (MIC) is seeking Government approval for a proposal to regulate over-the-top (OTT) interpersonal communication, which would bring popular messaging apps such as Zalo, Viber, and Telegram under the Telecommunications Law. The ministry believes that over-the-top service platforms such as Zalo, Viber, Telegram, and WhatsApp are replacing mobile phone services. However, there are currently no legal provisions governing these platforms, and there is no way to protect users and information security, the MIC stressed. Over-the-top media services, like Zalo, Viber, and Telegram, are displayed on a smartphone. Photo: Anh Quan Some world governments (in Europe, China, and South Korea) have classified this service as a telecom service and regulated it in accordance with the Telecommunications Law, it added. The ministry also called … [Read more...] about MIC to regulate OTT communication in Vietnam

The event, entitled “Offshore Renewable Energy: Opportunities and Challenges to Green Transition,” drew the virtual and in-person participation of more than 200 domestic and foreign experts. It was jointly organized by the Diplomatic Academy of Vietnam (DAV) and the Konrad Adenauer Stiftung Foundation (KAS). In his remarks, Assistant to Foreign Minister Nguyen Minh Vu expressed optimism about the development of renewable energy in general and wind power in particular. In the long term, offshore wind power will be cheaper than current fossil fuel-based energy sources, he said, adding that other types of offshore renewable energy are also becoming indispensable elements of the modern, blue economy. Vietnam is committed to joining the common effort of mankind to promote clean energy, as demonstrated through its commitments at the 26th U.N. Climate Change Conference of the Parties (COP26) and the Just Energy Transition Partnership (JETP), the official said. Vietnam is an attractive … [Read more...] about Ocean dialogue discusses offshore renewable energy potential

Mexico is located at the gateway between North America and Latin America, and the Canada-U.S.-Mexico Agreement (CUSMA) will be a good springboard for Vietnamese businesses to access the North American market worth more than US$28.5 trillion, ambassador Alejandro Negrin Munoz said Thursday at the Vietnam-Mexico trade promotion conference. The U.S. is Mexico’s largest trading partner, with Mexican exports standing at nearly $340 billion in 2020. Vu Minh Anh, honorary consul of Mexico in Ho Chi Minh City, told VnExpress that Vietnamese businesses have many advantages over other countries in the region. Both Vietnam and Mexico are members of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). They also share many similarities in terms of culture and economic structure. According to statistics from the General Department of Vietnam Customs, the two-way trade between Vietnam and Mexico was more than $5.4 billion in 2022, up 7% against 2021. … [Read more...] about Mexico a springboard for Vietnamese goods to enter the US: ambassador

Huynh Van Tuan defeated Khamsathone Khamphouvanh in the 51kg Full Contact men 3-0. After the match, Tuan, who was the gold medalist at SEA Games 30, said he will do his utmost in the upcoming semi-final match, with determination to defend his title. His teammate Nguyen Quang Huy also bagged a 3-0 victory over Chhut Vannthong of Cambodia in the 60kg Low Kick men. Competitions will continue until May 13. This is the second straight time kickboxing has been a SEA Games sport. Vietnam topped the sport’s medal tally at the previous Games in the Philippines in 2019. SEA Games 31, themed “For a Stronger South East Asia,” is being held in the capital and 11 neighboring provinces and cities until May 23. Featuring 40 sports with 523 events, it is expected to attract around 10,000 participants. The biennial event was initially slated for late 2021 but delayed due to the COVID-19 pandemic. Source: VNA … [Read more...] about SEA Games 31: Two Vietnamese kick-boxers advance to semi-finals

Straight Outta Bangkok, running from March 16 until March 25, celebrates an authentic taste of Thailand and stars guest Thai chef Burin Pongchang from the Royal Orchid Sheraton Hotel & Towers Bangkok. Straight Outta Asia is the first culinary event with international guest chefs at Sheraton Saigon Straight Outta Asia casts an extensive array of international guest chefs who have a huge passion for developing their food cultures across the globe. Thailand, Hong Kong, Malaysia, Japan, and South Korea will all be represented. Inspired by the culinary offerings from each region, Straight Outta Asia rolls out the carpet straight to Bangkok, Hong Kong, Kuala Lumpur, Seoul, and Tokyo, while guests dine right in the centre of downtown Ho Chi Minh City. Chef Burin Pongchang Thai cuisine is featured as the first concept, as it has become tremendously popular in Ho Chi Minh City for its distinctive harmony of contrasting flavours. Through Straight Outta … [Read more...] about Sheraton Saigon launches Straight outta Bangkok

Illustrative image (Source: baodautu.vn) Hanoi (VNA) – The Ministry of Industry and Trade (MoIT) is taking measures to promote the negotiations of a free trade agreement (FTA) with the Southern Common Market (Mercosur - including Brazil, Argentina, Uruguay, and Paraguay), which is expected to be a driving force for Vietnam to tap the Latin American market. In 2022, the South American regional economic bloc posted over 12 billion USD in two-way trade with Vietnam, 9.2% higher than that of the previous year. The Southeast Asian country shipped goods worth 3.3 billion USD to Mercosur and spent 8.7 billion USD on purchasing products from the region, annual rises of 3.4% and 11.6%, respectively. Mercosur countries are strong in producing and exporting farm produce, animal feeds, industrial materials, and minerals; while Vietnam 's main exports to the bloc are electronic and telecommunication devices, apparel, and footwear. Such a complementary structure of goods without direct … [Read more...] about Vietnam promotes negotiations of FTA with Mercosur

Gold ring price fell 0.18% to VND55.85 million per tael. A tael equals 37.5 grams or 1.2 ounces. Globally gold dipped on Friday in a volatile week that saw bullion prices north of the key $2,000 figure as bank contagion fears bolstered both safe-haven demand and bets on a pause in Federal Reserve rate hikes, Reuters reported. The U.S. dollar rose about 0.5%, making the greenback-priced gold more expensive among overseas buyers on Friday. Spot gold fell 0.8% to $1,977.01 per ounce after it rose to $2,002.89 earlier in the session. U.S. gold futures slipped 0.6% to settle at $1,983.80. A somewhat firmer dollar and a rebound in equity markets and risk appetite are probably what has driven gold lower, said Bart Melek, head of commodity markets strategy at TD Securities. But bullion was likely to get continued support from big macro developments, Melek said. Rescue measures for struggling banks eased contagion fears earlier in the week, putting gold on course for its first … [Read more...] about Gold prices ease