Industrial property forum 2022

A worker at a factory of Hung Viet Garment JSC (Photo: VNA) Hanoi (VNS/VNA) - Textile and garment export turnover in the first six months of 2022 is estimated to increase 23% on-year to about 22 billion USD, reaching the highest level ever, according to the Vietnam Textile and Apparel Association. Of which, the US market played an essential role for the industry. Data from the General Department of Customs of Vietnam showed that textile and garment export s in the first five months of 2022 to the US market increased by 26% over last year to 7.58 billion USD, accounting for 57% of the total value of Vietnam’s textile and garment exports. The newly updated report by Viet Dragon Securities JSC (VDSC) said that these figures imply that the prospects of the country’s textile and garment industry will depend heavily on economic development s in the US market. However, in the second half of 2022, VDSC forecasts that the demand for textiles and garments will tend to decrease … [Read more...] about Textile enterprises’ results mixed in second half of 2022

Economic value The Ministry of Natural Resources and Environment recently coordinated with the Party Central Committee’s Economic Commission and relevant units to organize a forum on sustainable development of Vietnam's marine economy in 2022 in Phu Yen Province. Deputy Minister of Natural Resources and Environment Le Minh Ngan told the gathering that marine tourism brings 70 percent of revenue to the country’s tourism industry; sea freight transport reached 85.1 million tonnes; oil and gas production reached 18.43 million tonnes (crude oil production was 10.97 million tonnes). The output of fisheries production reached 3.92 million tonnes; and aquaculture 4.805 million tonnes. Investment in infrastructure development is needed to connect dynamic coastal economic zones Investments have been poured into construction of traffic infrastructure connecting big economic urban centers and economic zones to sea ports, and linking northern with southern, eastern with … [Read more...] about Vietnam’s marine economy unleashes major potential

A two-day event kicked off in Ho Chi Minh City on Thursday afternoon, featuring an exhibition and various discussions on the cooperation between Vietnam and Sweden in the field of sustainable development. Named ‘Pioneer the Possible,’ the program is organized by the Embassy of Sweden in Hanoi, Swedish Trade and Invest Council, Ho Chi Minh City People’s Committee, and Vietnam Chamber of Commerce and Industry at the New World Saigon Hotel in District 1 on Thursday and Friday. The event is aimed at enhancing the Vietnam-Sweden cooperation in sustainable development by presenting the green solutions of Swedish businesses and promoting Sweden’s effort to become a center of innovation and sustainability. Swedish Ambassador to Vietnam Ann Måwe delivers an opening speech at the ‘Pioneer the Possible’ program in Ho Chi Minh City, June 2, 2022. Photo: Duy Khang / Tuoi Tre The program features an exhibition that introduces Sweden’s climate strategy via positive changes and … [Read more...] about ‘Pioneer the Possible’: Sweden, Vietnam jointly work toward sustainable development

Addressing the forum, Hue stated education is a leading national policy in Vietnam, identified as one of the three breakthroughs to implement the nation’s socio-economic development strategy. Every year, Vietnam spends 20% of its national budget on education and training. He said to create a strong transition in human resource development, Vietnam has determined that it is necessary to actively carry out international integration and promote foreign investment attraction in education for quality improvement. With the country’s law made to facilitate businesses in the sector, Vietnam has to date attracted more than 500 foreign-funded educational projects worth 4 billion USD. Despite challenges and difficulties, room remains extensive for investing in Vietnam’s education, Hue affirmed. He wished the bilateral educational cooperation will be concretized through impressive numbers, and recommended the two sides pay attention to step up exchanges of students and lecturers as well as … [Read more...] about Legislature backs Vietnam-U.K. education cooperation: top legislator

NA Chairman Vuong Dinh Hue (L) and Speaker of the UK's House of Commons Lindsay Hoyle. (Photo: VNA) Hanoi (VNA) - National Assembly (NA) Chairman Vuong Dinh Hue's visits to Hungary and the UK from June 26-30 concluded successfully, thus greatly promoting the Vietnam-Hungary comprehensive partnership and deepening the Vietnam-UK strategic partnership, said Vu Hai Ha, Chairman of the NA's Commission for External Relations. Ha told the press that the NA leader’s visit to Hungary, the first comprehensive partner of Vietnam in Central and Eastern Europe, took place when the two countries have just celebrated the 72th founding anniversary of diplomatic relations and are looking towards the 5th founding anniversary of comprehensive partnership. The Vietnamese leader’s talks and meetings with Hungarian leaders took place in a sincere, open and trustful atmosphere, Ha said, adding that Speaker of the Hungarian NA László Kövér and Hungarian Prime Minister Viktor Orban underlined … [Read more...] about NA Chairman’s visits enhance Vietnam’s ties with Hungary, UK

Vice Chairwoman of the HCMC People’s Committee Phan Thi Thang visits a display booth of Nghe An Province's local products. (Photo: SGGP) Attending the event was Deputy Minister of Culture, Sports and Tourism Doan Van Viet, head of Vietnam National Administration of Tourism (VNAT) Nguyen Trung Khanh, Chairman of the People’s Committee of Nghe An Province Nguyen Duc Trung, Vice Chairwoman of the HCMC People’s Committee Phan Thi Thang and Deputy Chairman of the People’s Committee of Hanoi Nguyen Manh Quyen, leaders of provinces and travel businesses. The event aims to promote potential and the value of natural resources for tourism of localities as well as exploit trans-provincial and trans-regional tourism products, affirming the country's position on the world tourist map. The forum is the city’s 6th tourism development cooperation program promoting the linkage in tourism between HCMC and eight cities, provinces in the Northwest region , 13 Southern provinces and cities , … [Read more...] about HCMC, north central provinces boost linkage for tourism development

Capital Place, a Grade A office building (left) in Hanoi. Office real estate market will receive more Grade A office building projects due to increasing demand. (Photo baodautu.vn) Hanoi (VNS/VNA) - Office real estate is thriving, with new Grade A buildings entering the Hanoi market at the end of the year, according to Savills Vietnam. By the end of 2022, six new projects are expected. The only Grade A building will be Techcombank Tower on Quang Trung street. This project follows the opening of another international Grade A building , Capital Place . “Tenants can pick from a variety of new high-quality Grade A properties entering soon, mostly in Hoan Kiem, Ba Dinh and Tay Ho districts. New properties will compete with existing buildings in terms of quality, services and pricing," said Hoang Nguyet Minh, Senior Director of Commercial Leasing, Savills Hanoi. "Hanoi’s office supply is lower than regional peers like Singapore or Bangkok. However, the rents are … [Read more...] about Hanoi market sees strong development in premium offices

Elon Musk's enterprise delivered 254,695 vehicles from April to June, it said in a statement. That's 27 percent more than the same period a year ago but down 18 percent from the January-to-March quarter of 2022 and the first such decline in more than two years. This marks a disappointment for a company that says it is posting strong growth, touting the opening of two new factories this year, in Germany and Texas. The drop in deliveries was bigger than that anticipated by analysts, who had expected 264,000 vehicles to be handed over to buyers, according to FactSet, a financial data and software company. Tesla warned in April that supply chain snarls hitting the auto industry in general would keep disrupting the company's production until the end of the year. Still, it delivered a record number of cars in the first quarter of 2022. But in the second quarter Tesla had to grapple with the closure of its Shanghai factory for several weeks because of strict lockdown measures in … [Read more...] about Tesla deliveries fall with temporary closure of China factory

Students are reading books in their high school library Regularly going to the General Science Library of Ho Chi Minh City with his friends, student Tran Minh Nam of the University of Social Sciences and Humanities under the Vietnam National University in Ho Chi Minh City said that he is paying attention to a digital library, also called an online library because he will continue studying after graduation. Digital libraries help him to save travel time and are a trend that needs to be updated with modern applications to meet the needs of readers. Vietnamese Prime Minister issued a decision approving the Program on the digital transformation of the library industry to 2025, with orientation to 2030 on February 21, 2022. In which, the target by 2025, all public libraries will be invested by the State, together with the National Library, the public libraries of provinces and centrally-run cities, to complete and develop digital infrastructure, digital data, and interoperability for … [Read more...] about Libraries race for digital transformation to promote reading culture

The Golden Bridge offers a check-in for tourists visiting the Sun World Ba Na Hills in Da Nang. The city has been designed as a liveable urban city. (Photo courtesy of Sun Group) Da Nang (VNS/VNA) - With stable growth in the economy, infrastructure, urban management, tourism and investment attraction, the central city of Da Nang is challenging to develop into a ‘liveable’ city of regional and global status. Economist Vo Tri Thanh said at a seminar on how to develop Da Nang as a destination and a liveable city in Vietnam and region, emphasising that the central city had not yet approached the ‘liveable’ standard and it needed much progress to reach the target. Thanh said Da Nang had been known as a favourite destination in Vietnam but was not yet a ‘worth living’ location in terms of enjoyment, relaxation, and entertainment. “A ‘liveable’ city requires maximising consumption, commodities, working places while promoting a ‘green’ environment, humanity, safe, smart and … [Read more...] about Da Nang strives to develop itself into ‘liveable’ city