Slumping property prices are facing a new pressure

According to Pao Jirakulpattana, vice president at Warburg Pincus Singapore, China is competing with many other emerging areas, including Vietnam. “If you look at the investment flow on the global scale, although the flow is coming back to China in the global perspective as political tensions have arisen, ASEAN is becoming an attracting destination, including Vietnam,” Jirakulpattana said. “Vietnam has done pretty well in receiving new investment flows. We highly appreciate the determination of the government to define which sectors should be the top priority. For example, the electronic and power sector will develop strongly in the next 10 to 15 years. Vietnam has started with intensive labour sectors. However, sustainable development must be more concentrated,” he added. Jirakulpattana also expressed Vietnam’s disadvantages in capital and financial products. “We do not have an efficient approach for large-scale international investors yet, such as the Centre Group or chains … [Read more...] about Investment flow drives Vietnam’s industrial property

Peter Nguyen, co-founder of thuocsi.vn Thuocsi.vn is a B2B platform for healthcare and pharmacy, supplying different types of healthcare and pharmaceutical products in Vietnam. During the pandemic, we experienced supply chain disruptions both at home and abroad. The company had to temporarily close if there was just one infection. Indeed, several distributors and suppliers of important drugs for Vietnamese customers have encountered a lot of disruptions. Fortunately, we have set up our own warehouses in Hanoi and Ho Chi Minh City to respond quickly to the situation. When the cities were locked down, we still managed to transport products from Ho Chi Minh City to Hanoi in one night. Our plan is to find some more warehouses in the southern area. In particular, we will develop smaller distribution centres in close proximity to customers. This will help streamline our operation as well as reduce the delivery time to only 1-2 days. Nelson Wu , CEO of BEST Inc . … [Read more...] about Navigating supply chain operations in the new normal

ABB Electrification Innovation Day featured solutions that help customers embrace the power of digitalization to improve energy consumption, optimize performance and operation, and contribute to a lower carbon future. The event attracted about 200 leaders from consulting, EPC, real estate, and industrial companies. Digital solutions enable customers to efficiently maintain and manage a charging network Vietnam is considered one of the most dynamic and stable countries in Southeast Asia. The increasing population, a rising appetite for goods and services, rapid urbanization, and growing economic activities in industrial and service sectors are exerting increased pressure on energy supplies in Vietnam. Its electricity demand is forecast to increase at a high rate over the coming years with 8.5 percent per year for the 2021-2030 period. Meanwhile, the rising cost of energy is one of the biggest challenges facing businesses today. Therefore, availability of adequate and … [Read more...] about ABB Electrification Innovation Day highlights the keys to a sustainable Vietnam

Vietnam won the gold medals without conceding a goal during the tournament that gathered all 11 Southeast Asian teams. Vietnam men’s football team defeated Thailand 1-0 to defend its title in the 31st Southeast Asian Games (SEA Games 31) on May 22 at the 40,000-seat My Dinh National Stadium, Hanoi. Vietnam won the gold medal without conceding a goal during the tournament that gathered all 11 Southeast Asian teams. Nham Manh Dung’s header in the 83th minute, which was kept unchanged until the match ended with five-minute injury time, sparking the excitement of the packed sports stadium was attended by Vietnam's top leaders, including President Nguyen Xuan Phuc, Prime Minister Pham Minh Chinh, Chairman of the National Assembly Vuong Dinh Hue, and Permanent member of the Central Party Committee's Secretariate Vo Van Thuong. Vietnam, which won the championship for the first time in 60 years in 2019 under the leadership of coach Park Hang-seo, continued its momentum as the … [Read more...] about SEA Games 31: Vietnam crowned men’s football champion

But then it would take the 32-year-old in Thanh Xuan District at least a few days to reorganize the mess. The clothes had piled up in the closet and under the bed and some even had to be sent to her mother's house due to her shopping and hoarding habits. A professional organizer helps fold and rearrange clothes for a client in Hanoi in July 2021. Photo courtesy of House to Home Friends recommended that she hire a professional closet organizing service in April, when she was planning to move into a new house. "They told me I had to hire a minimum of two workers for two hours, and the fee ranged from VND250,000-400,000 (US$10-17.30) per hour, depending on the clutter level of the wardrobe," she says. It took the two workers four hours to complete the job. Her clothes, which previously took up three cabinets, were been sorted by color and neatly arranged to fit in one cabinet. It cost her VND2 million. Though closet organizing services in Hanoi are often … [Read more...] about Hanoians willing to spend big on professional wardrobe organizers