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The plan’s next phase took place in 2009-10 with the company implementing five projects of burying electrical and communications wires in some central areas including around the Ho Chi Minh City People’s Committee building, Ben Thanh Market, and on the main streets of Tran Hung Dao, Le Thanh Ton, and Truong Dinh.  … [Read more...] about A decade of burying tangled wires in Ho Chi Minh City

According to the statistics of VNDirect Securities Company, blue chips such as VIC of private conglomerate Vingroup, VHM of real estate giant Vinhomes, and state-owned banking trio VCB of Vietcombank, CTG of VietinBank and BID of BIDV are the biggest drag on the VN-Index. … [Read more...] about VN-Index plummets over 74 points

The municipal Department of Industry and Trade plans to lure more investments, and outline support measures and programmes to encourage businesses to land investment in modern distribution and sales systems such as shopping malls and supermarkets. It is striving to develop five regional-level wholesale centres, ten regional-level shopping malls, 12 logistics centres, 68 trade centres, 850 supermarkets and 140 markets. Besides, Hanoi, which houses to 6,000 information technology firms and two IT parks, has taken lead in the country in terms of ICT revenue. Furthermore, the capital city has witnessed the sound development of infrastructure at industrial zones, with 17 high-tech industrial parks, 70 industrial clusters with stable operation, and 43 newly-established industrial clusters. Handicraft industry has been encouraged and received support, with 1,350 craft villages which attract tens of thousands of labourers. According to Deputy Director of the municipal Department of … [Read more...] about Hanoi envisages to become international trade hub

Hanoi (VNA) – Foreign diplomats in Vietnam have provided opinions on Vietnam’s achievements during its period of “Doi moi” (renewal), most notably its economic development, containment of the COVID-19 pandemic, and the forward momentum of the country. Lao Ambassador to Vietnam Sengphet Houngboungnuang said he was delighted to see Vietnam’s outstanding development in the 75-year building of socialism, especially the 35 years of renewal, the 30-year implementation of the platform on national construction during the transitional period to socialism, the five-year realisation of the 12th National Party Congress’s Resolution and the implementation of the 2016-2020 socio-economic development plan. Under the sound leadership of the Communist Party of Vietnam (CPV), the Vietnamese people have gained great, comprehensive, historic achievements, helping to promote the country’s role and prestige in the international arena, he said. Over the past … [Read more...] about 13th National Party Congress: impressions and belief

Viet Nam’s economy was heavily impacted by the COVID-19 pandemic. As a result, some tenants contracted their office space during the year. Even though the market performance improved in Q4, the total net absorption of the Ha Noi office market in 2020 was down around 9,000 sq.m. … [Read more...] about New supply of condominiums down sharply in Ha Noi: CBRE Vietnam