Slumping property prices

Specifically, spinach is priced at VND25,000 (US$1.1) a kilogram, up VND10,000 (US$0.43) per kilogram, bell pepper price is double to reach VND53,000 a kilogram. As for the vegetable, escarole lettuce is sold at VND22,000 (US$2.3) a kilogram, cabbage is priced at VND1,800 (US$0.08) a kilogram, each kilogram of string beans is sold at VND8,000 (US$0.34), tomato is priced at VND2,000 (US$0.09) a kilogram, napa cabbage has its price of VND8,000 (US$0.34) per kilogram and cucumber is priced at VND8,000 (US$0.34) a kilogram. The p rices of some flowers in Da Lat also increased slightly . For instance, daisy price moves up VND5,000 to VND25,000 (US$1.1) for ten branches, a bundle of lily is priced at VND65,000 (US$2.8)-VND80,000 (US$3.4), an increase of VND5,000 (US$0.22)-VND10,000 (US$0.43). Gerbera is priced at VND30,000 (US$1.3) a dozen, carnation at VND32,000 (US$1.4) a dozen, up VND2,000 (US$0.09) a dozen compared to the previous week. By Doan Kien- Translated by Huyen Huong … [Read more...] about Da Lat fruit, vegetable prices see double increase

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

Speakers joining the Industrial Property Forum 2022 organised by Vietnam Investment Review in Ho Chi Minh City on May 24 agreed that eco-industrial parks not only meet the needs of tenants but also are consistent with the government's sustainable development orientation. Nguyen Chi Toan, head of Marketing at VSIP South & Central said, “The aim is to create an industrial lifestyle that includes living, working, resting, and entertaining in sync. Thus, a multi-functional industrial park (IP) will be established, creating a new residential area with an industrial rhythm.” Toan added, “Entering Vietnam in 1996 with the single-function IP. In 2006, when we started to develop VSIP II with an area of over 2,000 hectares. We target to become an industrial-urban-service complex. To date, VSIP II’s occupancy ratio is 99 per cent, attracting 340 projects with a total investment capital of approximately $5 billion,” Toan said. A highlight of VSIP’s development strategy are the … [Read more...] about Trend to develop eco-industrial parks dominates at forum

Illustrative photo. (Source: VNA) Hanoi (VNA) – The recovery of the industrial real estate sector will be fueled by new investment waves , according to the Vietnam Association of Realtors (VARS). Vinhomes IZ, an industrial property arm of developer Vinhomes, has raised its charter capital from 70 billion VND (3.02 million USD) to 18.5 trillion VND over the last two years. VARS said Prime Minister Pham Minh Chinh had meetings with numerous major US corporations during his visit to the US last week which provided positive feedback. Meeting with the Vietnamese PM, Apple CEO Tim Cook said his company is planning to expand the supply chain and hopes more eligible firms from Vietnam will integrate into its global value chain, VARS noted. The global economy has been severely hurt by the Russia-Ukraine crisis, worsened by China’s “Zero COVID” policy, triggering supply chain disruptions and surging costs and transportation time. As a result, demand for storages, warehouses and … [Read more...] about Industrial real estate recovery to be fueled by new investment wave

The country called for support from the global community in enhancing climate resilience capabilities for the Mekong Delta region, eventually contributing to national and regional food security. Vietnam envisions to promote a low-carbon agricultural sector with three main pillars consisting of an agricultural ecosystem, modern rural areas, and smart farmers. Deputy Prime Minister Le Minh Khai at the session. Photos: Tran Manh Deputy Prime Minister Le Minh Khai gave the remarks at the “Averting a Global Food Crisis” session of the World Economic Forum annual meeting in Davos-Klosters on May 23. According to Khai, severe consequences from the Covid-19 pandemic and geopolitical tension are causing unprecedented impacts on the global food supply chains. In this context, Khai called for a comprehensive and multi-purpose approach to ensure a self-reliant, inclusive, and sustainable global food system. “An urgent matter is to provide humanitarian aid to … [Read more...] about Vietnam envisions low-carbon agricultural sector

He proposed the establishment of a food innovation hub for Southeast Asia in Vietnam when addressing the “Averting a Global Food Crisis” session, a panel discussion with World Food Program Executive Director David Beasley, UAE Climate and Environment Minister Mariam Mohammed Saeed Al Mheiri, Tanzania’s Vice President Philip Isdor Mpango, and CEO of the Swiss agriculture company Syngenta, J Erik Fyrwald. Delivering the opening remarks, the Vietnamese Deputy PM addressed current food shortages and their severity in a number of countries. “As you know we are going through a crisis on top of a crisis,” he said. “The double impact of the COVID-19 pandemic and geo-political intentions in some countries have caused some unprecedented impacts on the supply and prices of the global food chain. It has left a direct impact on people’s lives, leaving millions of people facing food shortages. “Climate change, digital transformation and green consumption and enhanced social responsibility … [Read more...] about Deputy PM busy on opening day of 52nd WEF annual meeting

The Southeast Asian nation is the latest country to curb food exports as prices surge, after India banned wheat shipments and Indonesia temporarily halted palm oil exports. Prime Minister Ismail Sabri Yaakob announced late Monday that the export of up to 3.6 million chickens a month would be halted from June 1 "until prices and supply stabilize". "The government cares about and takes seriously the issue of rising prices and the current (low) supply of chickens that is hurting" Malaysians, he said in a statement. The move followed mounting complaints in Malaysia but it triggered concerns in Singapore, a small city-state that relies in large part on its neighbor for food supplies. Around a third of Singapore's chicken imports came from Malaysia in 2021, according to the city-state's food agency. The agency warned of "temporary disruptions to the supply of chilled chicken", but added they were working with importers to minimize the impact. "We also advise consumers to buy only … [Read more...] about Malaysian chicken export curbs ruffle feathers

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

Illustrative image (Photo: The Star) Hanoi - As a result of higher energy and food costs, Singapore’s core inflation accelerated to 3.3 percent year-on-year in April from the 10-year high of 2.9 percent in March. This is the highest since January 2012, when core inflation came in at 3.5 percent, according to a joint release of the Monetary Authority of Singapore (MAS) and the Ministry of Trade and Industry (MTI). Core inflation excludes accommodation and private transport costs, which tend to be significantly influenced by supply-side administrative policies and are volatile, they said. The headline consumer price index, or overall inflation, stood at 5.4 percent year-on-year in April, the same as in March, as private transport inflation moderated. MAS and MTI noted external inflationary pressures remain strong amid elevated global commodity prices, as well as ongoing supply chain frictions driven by both the Russia-Ukraine conflict and the regional pandemic situation. … [Read more...] about Singapore sees record core inflation in April