Having the same prediction, Duong Thuy Dung, senior director of CBRE Vietnam, said: “Licensing issues and credit tightening continue to be the main challenges for the condominium market in 2020. Buyers will face difficulty in buying a condo unit, not because they can't afford them, but rather because they can't find suitable options. On the other hand, developers are well-positioned to increase profits thanks to the shortage of existing condo projects in the primary market.” … [Read more...] about Condo market faces challenges in 2020: experts
Japans investment in vietnams property market
Associate Professor Nguyen Thien Tong, former head of the Aeronautical Engineering Division at Ho Chi Minh City University of Polytechnics, said that Vingroup’s decision to step out of the aviation market is correct as it would have had to bear big losses, given that the market has adequate players now, serving different categories of passengers. … [Read more...] about Vietnamese aviation market experiences competition rage
Meanwhile, DHTP lured in US$178 million in total in 2019, thus increasing the total accumulative registered capital to US$337 million in FDI. The projects in operation are the aerospace manufacturing factory of the US-based Universal Alloy Corporation, Tokyo Keiki Precision Technology, Japan’s NIWA Foundry, ESTEC, and ICT VINA medical device factory from South Korea. … [Read more...] about Barriers keep foreign investors away from Vietnam’s high-tech parks
At the World Economic Forum (WEF), Vietnam was considered as the economy with the best improvement in ranking in the Global Competitiveness Index. Vietnam’s Competitiveness 4.0 rose by 3.5 points from 58 points to 61.5 points, higher than the global average of 60.7 points and climbed by 10 notches from the 77th place to 67th place as eight out of 12 pillars increased and went up by several notches. According to the World Intellectual Property Organization’s ranking, Vietnam gained three notches in the Global Innovation Index (GII) with six out of seven pillars rallying. The WEF’s tourism competitiveness of Vietnam advanced four notches from the 67th place to the 63rd place with a slight increase of 0.12 points from 3.78 points to 3.9 points. The World Bank’s Ease of Doing Business Index also recorded an increase of 1.2 points from 68.6 points to 69.8 points with five out of ten indicators increasing. Many areas have undergone strong reforms, such as tax … [Read more...] about Vietnam’s business environment strongly improves
Fifthly, agricultural sector and related services. “The growth rate of the agricultural sector in 2019 is projected at a modest level, mainly due to difficult weather conditions. However, the expectation is that the next year would be better, taking the sector back to its growing path,” Linh said. Hanoitimes … [Read more...] about Which are the top 5 business areas in Vietnam in 2020?