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, …
President co-chairs Vietnam – Switzerland Business Forum
Vietnamese President Nguyen Xuan Phuc (standing) speaks at the forum. (Photo: VNA) Bern (VNA) - Vietnamese President Nguyen Xuan Phuc and his Swiss counterpart Guy Parmelin co-chaired a Vietnam - Switzerland Business Forum in Bern on November 26. Addressing the forum with the attendance of representatives from over 100 businesses of the two countries, the Vietnamese leader called on Swiss businesses to invest in Vietnam and partner with Vietnamese enterprises in areas where Swiss firms have strengths and Vietnam is giving priority to, especially in banking and finance, science and hi-technology, innovation and digital transformation. For his part, President Parmelin highlighted the huge potential for stronger cooperation between the two countries, and the necessity to have new cooperation framework s to encourage Swiss businesses to invest in Vietnam. The interest and commitment of businesses and representatives of the private sector of Switzerland at the forum …
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There remains room for stronger Vietnam-Switzerland economic, trade ties: Officials
At the working session between Vietnamese Minister of Industry and Trade Nguyen Hong Dien and Swiss State Secretary for Economic Affairs Marie-Gabrielle Ineichen-Fleisch . (Photo: VNA) Berne (VNA) – Economic and trade ties between Vietnam and Switzerland have developed strongly and effectively across spheres, and would grow further in the time ahead. The view was shared by Vietnamese Minister of Industry and Trade Nguyen Hong Dien and Swiss State Secretary for Economic Affairs Marie-Gabrielle Ineichen-Fleisch during their working session on November 26, as part of President Nguyen Xuan Phuc’s ongoing official visit to Switzerland. Dien expressed his belief that economic and trade cooperation will be the centre and main momentum of the relations between the two countries, and suggested Switzerland work together with Vietnam to successfully build up new cooperative foundations in the time ahead. Both officials lauded efforts of the two countries’ negotiators during …
Vietnam’s global commitments force ministry to reconsider electricity projects
The latest draft of the eighth national power development plan in 2021-2030 shows considerable reductions in coal-fired power and increases in wind power, following Vietnam’s strong commitments at COP26. The eighth plan still has not been issued after many debates. The draft plan continues to be amended after Vietnam made strong commitments at COP26 on the goals and ambitions in obtaining Net Zero by 2050. Because of the commitments, the Ministry of Investment and Trade will have to reconsider the country’s electricity generation sources. In an operating scenario released by the Ministry of Industry and Trade (MOIT) in November, the total capacity of power sources to be installed by 2030 is 155,722 MW, lower by 24,305 MW than the 180,027 MW shown in March scenario. With the scenario, coal-fired electricity capacity would decrease by 6,694 MW, while LNG-fired electricity by 18,550 MW and Vietnam would increase electricity capacity from wind power. Onshore wind power …
Vietnam reports more than 16,000 new COVID-19 cases
The Ministry of Health logged 16,067 more COVID-19 infections in Vietnam on Saturday, together with 1,668 recoveries and 148 fatalities. The latest cases, including 15 imported and 16,052 domestic transmissions, were logged in 60 provinces and cities, the ministry said, adding that 7,160 patients contracted the virus in the community. Tay Ninh Province recorded 3,676 of the local cases, Ho Chi Minh City 1,773, Can Tho City 954, Binh Duong Province 716, Ba Ria-Vung Tau Province 697, Dong Thap Province 604, Binh Thuan Province 562, Hanoi 310, Khanh Hoa Province 239, Ha Giang Province 165, Lam Dong Province 159, Bac Ninh Province 137, Thua Thien-Hue Province 106, Da Nang 66, Quang Nam Province 59, Hai Phong City 22, and Quang Ninh Province 15. Vietnam had detected 13,094 locally-acquired infections on Friday. The country has found 1,192,200 community transmissions in all its 63 provinces and cities since the fourth virus wave erupted on April 27. A total of 954,107 of them have …
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Vietnam records another 16,052 local Covid cases
The Department of Health in the southern province of Tay Ninh registered 3,004 Covid patients whose samples had been taken for testing in the previous days to the national database, making it the locality with the highest infection tally on Saturday, 3,676 cases. The province is followed by its neighbor Ho Chi Minh City with 1,773 cases. The Mekong Delta city of Can Tho had the third highest number of infections of the day with 954, followed by industrial hub Binh Duong with 716. Vietnam recorded 148 deaths on Saturday, pushing the Covid-19 death toll in the country to 24,692 or 2.1 percent of infections. 1,668 Covid patients were declared free of coronavirus the same day, bringing the number of recovered cases so far to 956,924. As of Saturday, 48.4 million of Vietnam's 96 million population have been fully vaccinated against Covid-19. In the fourth wave which hit Vietnam almost seven months ago, more than 1.19 million people have been infected. …
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FTAs momentum for Vietnam’s exports
Since joining the World Trade Organisation 15 years ago, Viet Nam has become a part of 17 FTAs, which are either under negotiation or underway. This has helped create a momentum for the country's exports. Viet Nam’s total export-import value rise from $84.7 billion in 2006 to $545.3 billion in 2020. Workers make shoes for export. Now, the Ministry of Industry and Trade (MoIT) is enhancing the formation of a portal that will make accessing information on the current and upcoming FTAs easier for Vietnamese businesses. Ngo Chung Khanh, Deputy Director of the MoIT’s Multilateral Trade Policy Department, said that 2021 has been a difficult year for businesses and the wider economy, but there is still hope for the future. He mentioned export turnover as an example, in which traditional markets like China and other ASEAN countries were supplemented by the US and other countries that Viet Nam has signed Free Trade Agreements with. Thanks to two newly-signed FTA's, …
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13,063 new COVID-19 cases, 148 more deaths reported on Saturday
The 13,063 new COVID-19 cases include 15 imported cases and 13,048 local infections detected in Hồ Chí Minh City (1,773), Cần Thơ (954), Bình Dương (716), Bà Rịa - Vũng Tàu (697), Tây Ninh (672), Đồng Tháp (604), Bạc Liêu (574), Đồng Nai (567), Bình Thuận (562), Vĩnh Long (539), Sóc Trăng (449), Kiên Giang (427), Cà Mau (422), Trà Vinh (328), An Giang (324), Hà Nội (310), Hậu Giang (287), Bến Tre (265), Khánh Hòa (239), Bình Định (197), Hà Giang (165), Lâm Đồng (159), Bình Phước (139), Bắc Ninh (137), Nghệ An (124), Tiền Giang (121), Long An (109), Gia Lai (109), Thừa Thiên Huế (106), Vĩnh Phúc (104), Đắk Nông (85), Đà Nẵng (66), Hòa Bình (60), Quảng Nam (59), Quảng Ngãi (56), Thanh Hóa (55), Thái Nguyên (54), Ninh Thuận (46), Hải Dương (39), Phú Yên (36), Phú Thọ (33), Thái Bình (32), Tuyên Quang (29), Nam Định (29), Lạng Sơn (28), Quảng Bình (27), Quảng Trị (24), Hưng Yên (22), Hải Phòng (22), Quảng Ninh (15), Cao Bằng (10), Điện Biên (9), Bắc Giang (9), Hà Tĩnh (8 ), Sơn La (4), Bắc …
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Ministry takes action as market sets up new price levels
It was recorded on November 23 in Ho Chi Minh City that some products and many services set new price levels. Prices of vegetables at supermarkets are much higher than those at the beginning of November. (Photo: SGGP) Many essential products' prices have risen by about 15 percent At some markets in District 12 and Hoc Mon District, the prices of fresh vegetables and fruits increased slightly from VND3,000 to VND5,000 per kg. For example, Can Tho head mustard edged up to VND19,000 per kg; oranges rose to VND40,000 per kg; Dalat bananas went up to VND21,000 per kg. Seafood, pork, and chicken also rallied by VND5,000-VND10,000 per kg, depending on the type. For instance, red tilapia is currently priced at VND60,000-VND65,000 per kg; free-range chicken fetches VND60,000-VND70,000 per kg. According to Deputy Director of HCMC Department of Industry and Trade Nguyen Nguyen Phuong, the department has organized the "focused promotion program in 2021 from November 15 to …
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More than 13,000 new COVID-19 cases in Việt Nam on Saturday
10,321 COVID-19 cases recorded in Việt Nam on Monday Southern provinces strengthen COVID-19 prevention measures as cases increase 9,625 new cases of COVID-19 in Việt Nam on Friday Nearly 8,200 new COVID-19 infections reported in Việt Nam on Sunday 8,176 new COVID-19 cases, 64 more deaths reported on Sunday A student gets a COVID-19 vaccine in Nghệ An Province on Saturday. The provincial Department of Education and Training in coordination with the Department of Health organised vaccination for high school students from November 27 to 30. VNA/VNS Photo HÀ NỘI — The Ministry of Health announced 13,063 new cases of COVID-19 in Việt Nam on Saturday. A further 148 deaths were also recorded across the country. Việt Nam so far has reported 24,692 COVID-related deaths. Among the new cases, 7,160 were found in the community and 15 were imported. The others were in quarantine or locked down areas. Compared to Friday, the number of daily cases fell nationally by …
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