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, …
VIETNAM BUSINESS NEWS NOVEMBER 26
Aviation authorities proposes full resumption of domestic flights from 2022 The Civil Aviation Authority of Việt Nam (CAAV) has proposed the resumption of normal operations on all domestic routes from the beginning of 2022 after months of disruptions due to COVID-19. According to the proposal submitted to the Ministry of Transport, the number of two-way flights on Hà Nội-HCM City, Hà Nội-Đà Nẵng, and HCM City-Đà Nẵng routes will be increased to 16 per day, per route during December 1-14, and to 20 per day per route from December 15-31. Meanwhile, the number of two-way flights on other routes will be no more than nine per day, per route. The CAAV also proposed adjusting regulations on transferring passenger information from the PC-COVID application directly between the Ministry of Information and Communications and localities. Airlines do not need to transfer passenger destination information to the local authorities. With this proposal, localities can update passenger …
VIETNAM BUSINESS NEWS NOVEMBER 28
November CPI up 0.32 percent The Consumer Price Index (CPI) in November was up by 0.32 percent compared to October, according to the General Statistics Office (GSO). It was driven by the hikes of prices of petrol and gas across the globe, as well as consumer goods and services in localities in the new normal. Among 11 groups of main commodities and services, nine experienced rising prices. In the first 11 months, the CPI went up 1.84 percent compared to the same period last year, the lowest level since 2016, attributed to the fuel price hikes by 30.32 percent year-on-year, after 20 adjustments. Housing and construction materials posted a year-on-year expansion of 6.8 percent and education grew 2.44 percent. Meanwhile, foodstuff inched down 0.52 percent and electricity prices dropped 1.06 percent against the same period last year. As COVID-19 prompted travel restrictions, air ticket prices fell 21.39 percent while travel package slipped 2.42 percent. Core inflation in …
VIETNAM BUSINESS NEWS NOVEMBER 29
Online Friday 2021 to open on December 3 The Vietnam E-Commerce and Digital Economy Agency under the Ministry of Industry and Trade (MoIT) on November 26 announced an e-commerce week and the Vietnam Online Shopping Day – Online Friday 2021. The Online Shopping Week will be held from November 27 to December 5 while the Vietnam Online Shopping Day – Online Friday 2021 is scheduled for December 3 nationwide. Vietnam will work toward incorporating its Online Shopping Day with the online shopping event in the region to catch up with trans-border e-commerce trend as well as step up cashless payment, thus laying a foundation for authorities to suggest policies in support of enterprises in promotional activities. Consumers across the country could visit the website https://onlinefriday.vn and Online Friday app to acquire information about discounts and promotion programmes by participating firms and shop at websites and apps of others. The online shopping day was started in 2014./. …
VIETNAM NEWS HEADLINES DECEMBER 1
President Nguyen Xuan Phuc meets embassy's staff in Russia President Nguyen Xuan Phuc met the staff of the Vietnamese Embassy and representative agencies in Moscow, Russia, on November 30. The President said that he had just had very successful talks with Russian President Vladimir Putin. The two leaders discussed 20 issues related to cooperation between the two countries, upon which they reached high consensus, he said, adding that the Russian President supported many issues raised by Vietnam. The two leaders agreed to issue a joint vision statement on the Vietnam-Russia comprehensive strategic partnership until 2030. While appreciating the preparations for the visit made by the Ministry of Foreign Affairs and relevant agencies, and especially the staff of the Vietnamese Embassy in Russia, the President asked the agencies to perform well the tasks assigned by the Party and the State as well as to nurture the good relationship between the two countries. He also underlined …
Linh sets sights on representing Vietnam at Olympics
Though she's covered in sweat, Nguyen Thuy Linh keeps working hard. Vietnam's top female badminton player is back in training after Tet (Lunar New Year festival) to chase her dream of competing in the Tokyo Olympic Games. Nguyen Thuy Linh seen competing at the Vietnam International Challenge 2019. Linh is expecting an Olympic berth this year. Photo sggp.org.vn Born in the Year of the Buffalo, the 24-year-old Linh also hopes to shine at the coming Southeast Asian (SEA) Games which will be held in Hanoi later this year. “I really want to have a chance to take part in an Olympics where I could play well in my debut at the biggest competition in the world,” Linh told Việt Nam News. “It would be a great warm-up for me at the 31st SEA Games when we are the hosts later this year.” Linh is currently the top athlete in the national women’s ranking after she passed Vu Thi Trang, who dominated for a decade, three years ago. The world No 48 would have been one of two …
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VIETNAM BUSINESS NEWS DECEMBER 1
Da Nang calls for RoK’s investment in ICT A forum to promote investment in information and communications technology (ICT) in the central city of Da Nang from the Republic of Korea (RoK) was held virtually on November 30, bringing together representatives from over 200 enterprises and investors from the two countries. The event aims to introduce potential, advantages, preferential and investment support policies of Da Nang to RoK businesses and investors, especially in ICT, and high technology. Addressing the event, Deputy Minister of Information and Communications Phan Tam said the RoK is the largest foreign investor in Vietnam with over 9,000 valid projects worth over 71.5 billion USD, including nearly 500 investment projects in the ICT field with the presence of the world's leading technology corporations such as Samsung and LG. To welcome more investments from the RoK, the Vietnamese Government has been perfecting models, mechanisms and policies to create breakthrough …
VIETNAM NEWS HEADLINES NOVEMBER 22
Prime Minister to attend 13th ASEM Summit Prime Minister Pham Minh Chinh will attend the 13th summit of the Asia-Europe Meeting (ASEM 13) via video conference from November 25-26, according to a statement of the Ministry of Foreign Affairs. PM Chinh will participate in the event at the invitation of his Cambodian counterpart Samdech Akka Moha Sena Padei Techo Hun Sen, the Prime Minister of the host country of ASEM 13./. Hanoi suburban schools ready to receive students back, localities begin vaccination for children Schools in Hanoi’s 17 suburban districts and towns are ready to receive students back after the city authorities allowed ninth graders in those localities to go to school again on November 22 after months of remote learning due to the COVID-19 pandemic. Meanwhile, their peers in 12 urban districts will continue to have online lessons. Amidst the rising number of COVID-19 cases in the capital city lately, schools have developed teaching plans …
Vietnam Airlines operates first regular direct flight to US
A Vietnam Airlines plane touched down in the U.S. on Sunday evening (local time) after a non-stop flight from Vietnam’s Ho Chi Minh City, marking the first regular direct commercial flight between the two countries. A flight coded VN98 from the national airline carrying 150 passengers from Tan Son Nhat International Airport landed at San Francisco International Airport at 7:42 pm on November 28 local time, or 10:42 am on November 29 Vietnam time. The plane, a wide-body Boeing 787-9 Dreamliner, completed its 13,000 km journey non-stop after 13 hours 45 minutes, Vietnam Airlines (VNA) reported. The inaugural flight has made VNA the first Vietnamese airline to operate a regular direct route to the U.S., after 20 years of preparation, said VNA president and CEO Le Hong Ha. More than a year ago, VNA became the first Vietnamese carrier to fly directly to the U.S., specifically San Francisco airport, to welcome repatriated citizens, Ha said. “Today, we are very pleased to announce …
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Vietnam, Japan sign cooperation agreement on low-carbon growth
Signing ceremony of the MoU on low-carbon growth between Vietnam and Japan (Photo courtesy of Vietnam Ministry of Natural Resources and Environment) Hanoi (VNA) – Vietnam and Japan have signed a Memorandum of Understanding (MoU) on Joint Credit Mechanism – JCM, to bolster capacity in the implementation of activities in reducing greenhouse gas (GHG) emissions and climate crisis. On October 14, on behalf of the Vietnamese and Japanese Governments, Minister of Natural Resources and Environment Tran Hong Ha and Japanese Ambassador to Vietnam Yamada Takio inked the agreement on cooperation in low-carbon growth between the two Governments for the 2021-30 period. Japanese Minister of the Environment Yamaguchi Tsuyoshi Michael and Vietnamese Ambassador to Japan Vu Hong Nam witnessed the signing and exchange of the MoU from Tokyo. The two ministers joined a virtual meeting prior to the ceremony. JCM is a mechanism that Japan proposes to promote the transfer and …
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