Colliers toronto office market report

Of the total, the export value of apparel, phones and components, and seafood hit US$392.278 million, US$314.862 million, and US$139.5 million, growing 57.59, 22.97, and 73.56 percent annually, respectively. In 2021, despite Covid-19, Vietnam shipped goods worth US$5.3 billion to Canada, an annual increase of 20.8 percent. The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), of which both nations are members, has been considered the leverage behind such growth. The pact came into force in late 2018. Vietnam also signed a free trade agreement with Canada, therefore enjoying tariff reduction or elimination. Notably, since January 1, 2021, Canada removed a total of 96.3 percent of the tax lines for goods originated from Vietnam. According to the Vietnam Trade Office in Canada, Vietnam is the biggest partner in Southeast Asia of the North American nation. However, room for Vietnamese products to enter the Canadian market remains large, as their value now … [Read more...] about Vietnamese goods make inroads into Canadian market

Vietnam has outperformed major regional indices, making the market nearly quadrupled in size compared with the start of 2012 and the trading exceeding $1 billion a day. In its latest report, HSBC has stated that many funds already have Vietnam’s stock market on their radar with excitement about the country’s potential inclusion in the emerging market (EM) index. Vietnam's stock market expected a bright future. Photo: The Hanoi Times If the inclusion weight for Vietnam in EM Asia is 2%, inflows would be US$8-9 billion. That is 1.4x the current allocation by foreign funds and close to eight days of trading, HSBC noted in its latest study. The FTSE added Vietnam to a watch list in September 2018 for possible reclassification to secondary EM status, due in September 2022. The market is yet to make it onto MSCI’s watch list, but if required reforms are implemented, it might meet the necessary criteria ahead of May 2023, it added. On a roll According to the … [Read more...] about Vietnam’s stock market on foreign funds’ radar amid possible upgrade to EM status: HSBC

A scene in Trinh and I movie The bullet of the madman by director Luong Dinh Dung hit theaters on May 20, overwhelming the audience with the team's willingness to spend on the film. The film has a series of great scenes flattering viewers and making a strong visual impression. In particular, the scene at Dinh Vu port in the Northern City of Hai Phong over an area of 20,000 meters square with more than tens of thousands of containers is the highlight. The film crew also mobilized 57 container trucks and seven 25m-high light cars to meet the light for big action scenes. For the rain scenes, many complex rain systems were mobilized, each day the crew had to use up to 20,000-30,000 liters of water. Director of photography Morgan Schmidt admitted that Dinh Vu Port was the most difficult scene in the film. Meanwhile, although it will be released on June 17, the producer of the film Trinh and I has just revealed the cost of VND50 billion (US$2,1 million). It took five years to … [Read more...] about Big-budget films compete with each other in movie market

Vietnam’s retail and consumer sector might be booming, but analytics companies are quick to note that only a few large-scale consumer corporations are leveraging its potential thanks to their impressive, targeted strategies. Vietnam on track to enter world’s top ten consumer markets After more than two years of stunted growth due to the COVID-19 pandemic, analysts are reporting a bright outlook for the Vietnamese economy. Retail sales growth in Vietnam accelerated from 1.7 percent year on year in the first two months of 2022 to 10.4 percent in March and 12.1 percent in April. The consumer sector accounts for about two-thirds of Vietnam’s GDP, and its recovery plays an important part in the recovery of the economy as a whole. VinaCapital, one of Vietnam’s largest investment and asset management firms, forecast Vietnam’s GDP to increase by 6.5 percent in 2022. Multinational banking and finance institution HSBC sees eye-to-eye with VinaCapital, predicting that the consumer … [Read more...] about Vietnam’s retail and consumer segment: Opportunity for leading market enterprises

Hastily converted from sports stadiums, schools and cultural venues, Wuhan's 16 makeshift "ark" hospitals were designed to ease the burden on the city's overstretched healthcare system. (Photo: AFP/STR) When 43-year-old Ma was first summoned to a sports stadium converted into a medical facility on Feb 4, it was a virtual construction site with electrical wiring and beds still being installed. Separated from his wife and young child who had returned to eastern Shandong province for Chinese New Year, Ma said he felt "scared and anxious" when the call from the jury-rigged Wuchang hospital came in the middle of the night. But the situation has slowly improved, with the number of patients receiving treatment in the improvised hospital declining from a high of 760 in mid-February to 320 earlier this week. "We had 30-40 patients being discharged per day, but the number of patients admitted was only a dozen or so. This was when the whole situation changed for us," Ma, who is the … [Read more...] about Wuhan doctor recounts fears and hope at COVID-19 frontline

The Southeast Asian nation is the latest country to curb food exports as prices surge, after India banned wheat shipments and Indonesia temporarily halted palm oil exports. Prime Minister Ismail Sabri Yaakob announced late Monday that the export of up to 3.6 million chickens a month would be halted from June 1 "until prices and supply stabilize". "The government cares about and takes seriously the issue of rising prices and the current (low) supply of chickens that is hurting" Malaysians, he said in a statement. The move followed mounting complaints in Malaysia but it triggered concerns in Singapore, a small city-state that relies in large part on its neighbor for food supplies. Around a third of Singapore's chicken imports came from Malaysia in 2021, according to the city-state's food agency. The agency warned of "temporary disruptions to the supply of chilled chicken", but added they were working with importers to minimize the impact. "We also advise consumers to buy only … [Read more...] about Malaysian chicken export curbs ruffle feathers

Be proactive in an uncertain world Nourishing all stakeholders key to sustainability: RFC President Da Nang tourism blooms with series of top products and services Privilege of living in 'urban wonder': Vinhomes Ocean Park 2 - The Empire Vinhomes launches the mega-urban project - Vinhomes Ocean Park 2 - The Empire On May 19, 2022,  Southeast Asia Commercial Joint Stock Bank (SeABank, stock code SSB) hosted a seminar to announce the implementation and application of Basel III in business activities and risk management. This helped SeABank improve its governance capability, financial soundness, risk management transparency, and market shock resistance have improved. Basel III is a global set of risk management standards created in 2010 in response to the global financial crisis of 2008-2009 and amended in 2017 to strengthen the regulation, supervision and risk management of banks. As a result, a foundation for a long-term financial system is laid, potentially … [Read more...] about SeABank implements and applies Basel III

Illustrative photo. (Source: VNA) Hanoi (VNA) – The recovery of the industrial real estate sector will be fueled by new investment waves , according to the Vietnam Association of Realtors (VARS). Vinhomes IZ, an industrial property arm of developer Vinhomes, has raised its charter capital from 70 billion VND (3.02 million USD) to 18.5 trillion VND over the last two years. VARS said Prime Minister Pham Minh Chinh had meetings with numerous major US corporations during his visit to the US last week which provided positive feedback. Meeting with the Vietnamese PM, Apple CEO Tim Cook said his company is planning to expand the supply chain and hopes more eligible firms from Vietnam will integrate into its global value chain, VARS noted. The global economy has been severely hurt by the Russia-Ukraine crisis, worsened by China’s “Zero COVID” policy, triggering supply chain disruptions and surging costs and transportation time. As a result, demand for storages, warehouses and … [Read more...] about Industrial real estate recovery to be fueled by new investment wave

Dropping one place since 2020, Viet Nam comes in at 38, while Thailand is amongst the top 20 economies globally, offering the most supportive entrepreneurial conditions for women. — Photo courtesy of Mastercard Despite the COVID-19 pandemic having a disproportionate impact on women entrepreneurs worldwide, especially those in the developing economies, women are demonstrating the resilience to succeed against the odds, according to a recent Mastercard study. The study revealed that women in Southeast Asia, such as the Philippines and Viet Nam, have fared particularly well in making entrepreneurial progress, despite significant social-cultural and infrastructural barriers threatening to impede their growth. Lack of government SME support, poor access to entrepreneurial finances, and a severe lack of education opportunities remain the major constraints to advancing women’s entrepreneurship in Asia’s lower-middle-income economies. Encompassing 65 economies and 82.4 per cent of … [Read more...] about Southeast Asia’s women world’s most resilient entrepreneurs