With the increase of the Vietnamese super-rich, the trend of moving into luxury apartments has hiking compared to previous periods thanks to the advantage of prime location, high amenities, and multi-layered security. Meanwhile, Asian super-rich entering the million-dollar housing market in Vietnam are targeting a large difference in the price of similar products compared to developed cities in the region. … [Read more...] about Luxury accommodation reaches peak price level
Upward falling spirit soaring
Job figures are also rosier. Although the job market recovers more slowly than that for entertainment, there are signs that the worst is over. While no major economy has seen a V-shaped recovery in the job market, recruitment figures have started to increase in most economies, except in Japan. This lays the foundations for a recovery in consumption and shows that firms have started to employ more people so as to expand their business again. … [Read more...] about Is the worst over yet for global economy?
This could bring short-term benefits to Vietnamese enterprises but cause a surge in exports of these products, resulting in a high risk of imposition of protectionist tariffs by the US Department of Commerce (DOC), the business groups warned. … [Read more...] about Tourism booming but stock market takes little notice
Kim Jung-kyun, a senior researcher at the Korea International Trade Association, said, “Vietnam has been making aggressive moves to open up its markets. It currently holds FTAs with 52 countries and has emerged as the trade hub of the ASEAN region. Korean companies based in Vietnam need to actively utilise the FTA network built by the country and set up mid-to-long-term strategies to expand trade and investment in Vietnam and restructure the supply chain.” VIR … [Read more...] about VIETNAM’S BUSINESS NEWS HEADLINES AUGUST 16
It was largely attributed to the long delay in payment of land compensation, affecting progress of local projects and disbursement plans. Slow disbursement of Official Development Assistance (ODA) loans in Ben Thanh – Suoi Tien urban railway project was also blamed for the low rate. Just about 41 percent of the total 9.94 trillion VND in ODA allocated for the metro project has been disbursed so far. … [Read more...] about VIETNAM’S BUSINESS NEWS HEADLINES AUGUST 25