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, …
12th Party Central Committee’s Politburo, Secretariat members get retirement decisions
The event was chaired by Party General Secretary Nguyen Phu Trong, and attended by Politburo member, Prime Minister Pham Minh Chinh; Politburo member, National Assembly Chairman Vuong Dinh Hue; and Politburo member and permanent member of the Party Central Committee's Secretariat Vo Van Thuong. Party General Secretary Nguyen Phu Trong handed over the decisions to Nguyen Thi Kim Ngan, former Politburo member, former Secretary of the Party Delegation of the National Assembly and former N.A. Chairwoman; Tong Thi Phong, former Politburo member, former Deputy Secretary of the Party Delegation of the N.A., and former N.A. Vice Chairman; Nguyen Thien Nhan, former Politburo member, former Secretary of the HCM City Party Committee and former head of HCM City’s N.A. deputy delegation; General Ngo Xuan Lich, former Politburo member, former Deputy Secretary of the Central Military Commission and former Minister of National Defense; Hoang Trung Hai, former Politburo member, former Secretary of …
Vietnam plays active, proactive role in ASEM cooperation process: Deputy FM
The official made the affirmation in an interview granted to the press after Prime Minister Pham Minh Chinh attended the 13th ASEM Summit and relevant activities via videoconference from November 25-26 at the invitation of his Cambodian counterpart Samdech Techo Hun Sen. According to Giang, PM Chinh put forward four proposals to enhance cooperation among Asian and European countries while addressing the 13th ASEM Summit on November 26. The PM said the countries should stay united and join hands to boost global cooperation since no country can single-handed deal with global issues. The government leader said they should cooperate to share and ensure equal access to COVID-19 vaccines and treatment drugs and developed nations should assist developing countries to improve the capacity of coping with global issues. PM Chinh said it was necessary to step up digital transformation and human resource training for developing and poor countries, while enhancing public-private partnership …
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