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, …
Vietnam’s famed Highlands Coffee chain sued for 5-month unpaid rents
The operator of a building in Ho Chi Minh City has taken legal action against Highlands Coffee, a popular café chain in Vietnam, for failing to pay nearly five months of rents, shortly after a similar controversy between the coffee shop brand and another building owner in Hanoi. In its denunciation letter sent to the police bureau of Ward 25 in Binh Thanh District, Ho Chi Minh City, Hoa Binh House Corporation (HBH) accused Highlands Coffee Service JSC of illegally trespassing on Pax Sky building, which belongs to HBH, disrupting security and order, and hindering HBH’s business activities at the building. Highlands Coffee has owed up to VND500 million (US$22,000) worth of rents from July to date for the space of its outlet inside Pax Sky building, which is located at 26 Ung Van Khiem Street in Ward 25, Binh Thanh District, according to a sales manager of HBH. Before submitting the denunciation letter, HBH had discussed the issue with representatives of Highlands Coffee by …
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Japan urged to open door for longan imports from Vietnam
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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Vietnam, Switzerland eye stronger science, innovation cooperation
During their meeting, the two officials agreed that it is necessary to further strengthen cooperation in science, technology and innovation amongst science and technology communities and businesses of the two countries, saying that this will bring mutual benefits and promote sustainable development in both countries. Dat said he was impressed at Switzerland's achievements in growth and prosperity, saying that Vietnam always considers science - technology and innovation as a main motivation to realize its goal of becoming a modern industrial country by 2030, and a developed nation with high income by 2045. Vietnam has focused on strengthening the capacity of the national innovation system, developing innovative enterprises, encouraging large private corporations to invest in research and development, and attracting foreign enterprises to invest in technology transfer, he said. The minister suggested Hirayama support the upgrade of the 2019 letter of intent on innovation, science …
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