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, …
Việt Nam determined to produce COVID-19 vaccines, treatment drugs at home
Prime Minister Phạm Minh Chính at the meeting with representatives from ministries and agencies in Hanoi on November 27. VNA Photo HÀ NỘI – It is a must to produce COVID-19 vaccines and treatment drugs domestically, Prime Minister Phạm Minh Chính said at a meeting with representatives from ministries and agencies in Hà Nội on November 27. He regarded the “5K principle”, vaccines, treatment drugs, technologies, public awareness and other solutions as crucial factors to safely and flexibly adapt to and effectively control the pandemic. The “5K principle” was issued by the Ministry of Health, covering khẩu trang (facemask), khử khuẩn (disinfection), khoảng cách (distance), không tụ tập (no gathering), and khai báo y tế (health declaration). PM Chính applauded the Ministry of Health and relevant ministries and agencies, especially scientists, researchers and producers of COVID-19 vaccines and treatment drugs for their efforts over the past time. He called for closer coordination …
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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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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 …