Party, State leader warns of complacency General Secretary of the Communist Party of Việt Nam and President Nguyễn Phú Trọng speaks at the Government’s meeting with localities yesterday. General Secretary of the Communist Party of Việt Nam and President Nguyễn Phú Trọng acknowledged Viet Nam’s 2018 socio-economic development achievements but warned against self-satisfaction at the Government’s meeting with localities yesterday. Trọng noted the country still faced many difficulties and challenges due to unpredictable regional and global developments and latent risks in the world economy, especially in finance, monetary and exports due to impacts of trade wars, along with problems in the economy and social affairs. The Party and State leader underlined main tasks for 2019, including consolidating the macro-economy, controlling inflation, improving capacity to respond to abnormal market developments, … [Read more...] about Government News 30/12
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HCMC to see soaring office demand in next four years As Southeast Asian economies expand, office demand, particularly from technology, e-commerce, and co-working space companies, is expected to rise by an estimated 6 per cent annually between 2018 and 2021, with Ho Chi Minh City seeing a rate of 10 per cent in the period, according to JLL Vietnam. As at the end of the second quarter of 2018, total stock in Ho Chi Minh City’s office market increased to 1,945,000 sq m, with overall Grade A and B occupancy rates standing at a high of above 95 per cent. The overall rental rate is expected to continue its upwards trend with support from healthy demand and increased quality in future supply. A large volume of high-quality Grade B supply is also projected to be completed by 2020 and will likely put pressure on Grade A in the future, especially long-standing Grade A projects with deteriorating construction quality. In Hanoi, demand for Grade A and B office space in 2018-2019 … [Read more...] about BUSINESS NEWS IN BRIEF 28/9
VietNamNet Bridge - The massive arrival of Chinese enterprises to Vietnam to set up woodwork processing workshops has raised concern that China may exploit Vietnamese origin to export products to the US and avoid high taxes. China may exploit Vietnam origin to export products to the US Thanh Nien quoted Tran Viet Tien, director of Lavanto Home Décor, as saying that if China counterfeits Vietnamese origin to export products to the US, this will badly affect Vietnam’s exports to the US and the Vietnam brand. The US is a big export market for Vietnam. China is a big woodwork supplier to the US market. The US decision to raise tax on woodwork imports from China will lead to higher prices of woodwork products and lower purchasing demand. However, he said small Chinese enterprises may come to Vietnam and open workshops under Vietnamese names. If so, the domestic woodwork industry will be affected. RELATED NEWS Vietnam wooden furniture products now target … [Read more...] about Will China use Vietnamese origin to export woodwork to US?
Photo for illustration“Vietnam is affirming its position as an industrial center of Southeast Asia. We believe that the Vietnam industrial market will step into a new period and improve its position in the global value chain in the near future,” the Philippine Daily Inquirer quoted Stephen Wyatt, JLL Director in Vietnam. In 1986, Vietnam devoted 335 hectares of land to developing industrial zones, and over time the figure rose to 80,000 hectares. The rapid growth is due to Vietnam gradually affirming its position as an export-oriented economy, the development economic and industrial zones, free trade agreements, strong economic growth, and young and abundant workforce. According to the Inquirer, in the context of an increasing number of Chinese companies seeking overseas production locations, Vietnam is an ideal choice due to its geographic proximity. Many experts said that the logistics industry will become one of the “bright spots” of Vietnam’s economy … [Read more...] about Vietnam: Southeast Asia’s new industrial center
Powerful bond: The staff at Ánh Dương blind massage centre are a close-knit family. They eat, travel and joke with each other. They all have one thing in common: blindness. VNS Photo Nguyễn Đạt Viet Nam News by Nguyễn Toàn One day Nguyễn Ngọc Hiếu woke up to complete darkness. The many strange noises and the perpetual darkness would terrify him. Years later, those days are a thing of the past. The 30-year-old is now the director of two massage parlours in HCM City, creating jobs for some 30 people who share his plight. Hiếu was among the many children born into a poor family in the southern province of Tiền Giang. His father was a drunkard, while his mother had to work hard to make ends meet. Feeling pity for his mother, Hiếu stopped studying at the age of 12 and made his way to HCM City, seeking a bright future. “On selling my mother’s chicken, I earned VNĐ70,000 (US$3) and caught … [Read more...] about Blind man’s massage centres provide light to members