Discussion forum hong kong

Respondents generally stick to a wait-and-see attitude towards the property market, with a significant decrease in the percentage of respondents expecting home prices to fall HONG KONG, CHINA - Media OutReach - 9 December 2019 - Citi Hong Kong announced today the results of its survey on residential property ownership in Hong Kong for Q4 2019. According to the survey: 46% of the respondents expected home prices to fall in the next 12 months, a sharp decline of 10 percentage points from the preceding quarter; 57% of the respondents said they were currently very / rather uninterested in property ownership, a 6 percentage point increase from the preceding quarter; 60% of the respondents did not consider it a perfect time to buy a home now, an 8 percentage point decrease from the preceding quarter. Sharp decline in percentage of respondents expecting home prices to fall The results of the latest survey show that 46% of the respondents were expecting home price in Hong … [Read more...] about Citi Hong Kong Releases Results of Fourth Quarter 2019 Residential Property Ownership Survey

Singaporean-flag X-Pree Feeder container ship has become the largest ship of its kind to dock at Tan Vu port. (Photo: VNA) Hai Phong (VNA) – Singaporean-flag X-Pree Feeder container ship has become the largest ship of its kind to dock at Tan Vu port in the northern port city of Hai Phong. The ship, which is 210.96 metres in length and 32.2 metres in width, has a deadweight tonnage of 32,161. The vessel left China’s Hong Kong port for the Port of Hai Phong JSC’s Tan Vu Port to offload cargo on April 16 and will leave the port at 0:30 am on April 17. According to Cao Trung Ngoan, deputy director of the Port of Hai Phong JSC, the arrival of X-Pree Feeder is a landmark for Hai Phong Port as it proves the port’s capacity and affirms the significance of investment to modernise the port. The company has fulfilled its plan to develop Tan Vu Port into the largest and most modern container port in the northern region, he added, expressing his hope that relevant … [Read more...] about Hai Phong port welcomes largest ever container ship

"These are sectors that will attract the most interest from foreign investors," Dr Oliver Massmann, general director of Hanoi-based law firm Duane Morris, told VnExpress International. He said leading enterprises with good financial capacity and high growth in these sectors would attract both foreign and domestic money. "In terms of capital sources, we can expect cash flows from major Asian economies such as Japan, Korea, Singapore, Hong Kong and, especially, mainland China to increase their [already] strong presence in the market." Massmann added that the equitisation of SOEs on a larger scale and with strong determination from the top will play a key role in driving the market. The long-awaited equitization of blue-chip firms like MobiFone and further state divestment in industry leaders like Habeco, the country’s second biggest brewery, and dairy firm Vinamilk are expected in the coming years. Mergers and acquisitions (M&A) have increasingly become an investment … [Read more...] about M&A takes center stage in Vietnam’s foreign investment landscape

Origin frauds will negatively affect Vietnamese exports. Vietnamese authorities are keeping close watch on investment shift from foreign countries, especially China, into Vietnam to prevent product origin fraud and illegal transshipment. According to Au Anh Tuan, director of Customs Control and Supervision Department under the General Department of Vietnam Customs (GDVC), the move was made after investment inflow from mainland China and Hong Kong to Vietnam has surged sharply this year, but the value of investment projects is insignificant. Reports from the Ministry of Planning and Investment’s Foreign Investment Agency showed that in the January-October period, investment from mainland China in Vietnam skyrocketed by 200% against the figure in 2018, while inflows from Hong Kong jumped 400%. However, each foreign-invested project this year has a value of only some US$1 million. According to Tuan, with such small investment capital, the projects pose high risks of origin fraud … [Read more...] about Vietnam tightens supervision on foreign investment to prevent origin frauds

Illustrative image (Source: Vietjet Air) New Delhi (VNA) – The first direct flight from Hanoi to India’s New Delhi landed at Indira Gandhi International Airport on December 7 night after travelling for more than five hours. Vietnamese Ambassador to India Pham Sanh Chau was present at the airport to welcome passengers of the flight that was operated by budget carrier Vietjet Air. The ambassador expressed his hope that the direct air route will facilitate cultural and people-to-people exchanges between the two countries, as well as the bilateral trade, investment and tourism ties.         On December 6, Vietjet Air also launched its first direct flight from Ho Chi Minh City to the Indian capital city.   Vietnamese Ambassador to India Pham Sanh Chau was present at the airport to welcome passengers of the flight that was operated by budget carrier Vietjet Air. (Photo: VNA) Vietjet is the first airline in Vietnam to operate as a … [Read more...] about Vietjet Air launches Hanoi-Delhi direct route