Home prices saw the steepest increase ever in early 2019 before the gains were trimmed by weakened sentiment and falling sales in the second half of the yearOffice rents peaked in Q1 and have since fallen over the course of 2019The retail sector was hardest hit by the social unrest which stifled any hope of a rebound in retail rents for core submarketsThe volume of major property transactions shrank to a 10-year low alongside the decline in commercial real estate rentsThe leasing and investment outlook across all sectors in 2020 is set to remain subdued as US-China trade tensions and local social unrest continue to weigh on sentiment.HONG KONG, CHINA - Media OutReach - 10 December 2019 - The Hong Kong property market has borne witness to the city's turmoil in 2019. Home prices experienced their steepest increase in the first half of 2019 but have seen those gains trimmed in recent months in the face of the growing social unrest. The ongoing trade tensions and … [Read more...] about Hit by Double Woes, Hong Kong Property Market Heads for an Uncertain 2020
What age do growing pains start
The National Assembly will scrutinize amendments to the Labor Code at the 7th working session this year. The Labor Code, approved for the first time in 1995 and has been amended four times in 2002, 2006, 2007, and 2012, is scheduled to be passed at the Legislature’s 8th working session at the end of 2019. The 5th edition of the Labor Code aims to institutionalize the new regulations of the 2013 Constitution as well as Viet Nam’s international commitments enshrined in the new-generation free trade agreements that Viet Nam has signed. According to the Ministry of Labor, Invalids and Social Affairs, as many as 171/242 articles of the existing law will be amended and supplemented. The Ministry said it is finalizing amendments to the 2012 Labor Code to submit to the National Assembly but there remain six issues that need further discussions, including overtime hours, pension ages, labor representative organizations, length of Lunar New Year Holiday, and adjustment of working … [Read more...] about VN may adjust working hours of State agencies
Three young Vietnamese women were lauded for their effort by former U.S. First Lady Michelle Obama when they met in the southern province of Long An on Monday. The meeting at Can Giuoc High School in Long An was part of Obama’s trip to Vietnam with American actress Julia Roberts to spotlight girls’ education on behalf of the Obama Foundation’s Girls Opportunity Alliance. They were joined by Vietnamese-American actress Lana Condor, Vietnamese actress Ngo Thanh Van, American news personality Jenna Hager, and American actress Liza Koshy. A video published on Michelle Obama's verified Facebook account on December 9, 2019 about her trip to Long An, Vietnam the same day. At the event, Obama and Roberts listened to the life stories of the Vietnamese women who were the scholarship winners of Room to Read, a program that works to help female students pursue education. The former first lady praised the young women for their effort in overcoming hardship in life to gain … [Read more...] about Who are the women Michelle Obama praised in Vietnam?
There are four flights a week in either direction on Mondays, Wednesdays, Fridays, and Sundays, the budget carrier said in a release on Monday. The first flight from Hanoi to the Indian capital left on December 7. It is a thrice-weekly service on Tuesdays, Thursdays and Saturdays. For decades airlines in the two countries disregarded the other market, but last month Indian carrier IndiGo launched direct flights from the eastern Indian city of Kolkata to HCMC and Hanoi, the first ever direct flights between the two countries. Randir Brar of Indian travel agency Destinos India told VnExpress that the number of Indian visitors to Vietnam could see a surge following the launch of the direct flights. "The direct air routes will help cut traveling time between the two countries from 15 to six hours, making it easier for Indians to travel to Vietnam." Vietjet had announced plans for a HCMC-New Delhi service in July last year, but they failed to materialize. India is one of the fastest … [Read more...] about Vietjet Air begins flying to India
The northwestern region is witnessing severe natural disasters with increasing frequency, large scale and unpredictable intensity. In May, the sun was burning hot in the northwestern region. The hot and dry westerly winds from Laos were calm. Trees were dormant. If it rained, it was accompanied with whirlwinds. Un, 70, the village patriarch of Co Liu Hamlet in Muong Phang commune in Dien Bien district, looked into the sky, and said: “When the moon looks like this, the drought will last a long time and rain will come only much later.” “I feel anxious when seeing longan trees close to blossoming, because this means big floods,” he added. However, there have been only two rains since Tet which were not enough to wet the soil. As a result, the rice fields in the mountainous districts of Son La, Dien Bien, Lai Chau and Hoa Binh are dry, while maize and cassava have not germinated. Even wild sunflowers are also withering under the sun. A local woman told … [Read more...] about Climate change in northwest causing drought, killing plants