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, …
Vietnam Airlines aims to win largest share on direct Vietnam-US route
Vietnam Airlines wide-body Boeing 787-9 Dreamliner (Photo courtesy of Vietnam Airlines) Hanoi (VNS/VNA) - Vietnam Airlines, the country's national flag carrier, looks to dominate the Vietnam-US route as preparations have been completed for its first direct flight to the US, which is scheduled to take off on November 28, said General Director of Vietnam Airlines Le Hong Ha. The Vietnam-US route was among one of the most in-demand pre-pandemic. There were 24,000 Vietnamese university students and a 2.2 million strong Vietnamese community in the US in 2020. Two-way trade has been on the rise in recent years reaching 90 billion USD in 2020 and projected to hit over 100 billion USD this year, making the Southeast Asian economy one of the US’s top trading partners. As a result, the airline is confident demand will quickly recover once the pandemic is put under control and mobility restrictions relaxed, Ha said. Competition, however, is expected to be fierce as the …
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US donates two million more COVID-19 vaccine doses to Vietnam
The United States has additionally offered Vietnam over two million Pfizer-BioNTech COVID-19 vaccine jabs, bringing its total donations to the Southeast Asian country to more than 18 million doses. “Another shipment of 2,074,410 doses of Pfizer vaccine arrived in Hanoi early this morning,” the U.S. Embassy in Vietnam said in its verified Facebook page on Friday. The U.S. has so far donated over 18 million vaccine doses to Vietnam through COVAX as part of its steadfast commitment to support Vietnam in the fight against COVID-19, the embassy said. “And more are on the way!” it added. The two countries have cooperated to improve Vietnam’s capacity in response to the COVID-19 pandemic, based on their long-term cooperative relationship, according to the embassy. The U.S. has aided nearly US$1 billion to Vietnam over the past years for develop health infrastructure development, and the former has also committed $26.7 million as support for Vietnam to respond to the pandemic. In …
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