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 Airlines aims to win largest share on direct Vietnam-US route
Vietnam Airlines wide-body Boeing 787-9 Dreamliner (Photo courtesy of Vietnam Airlines) Hanoi (VNS/VNA) - Vietnam Airlines, the country's national flag carrier, looks to dominate the Vietnam-US route as preparations have been completed for its first direct flight to the US, which is scheduled to take off on November 28, said General Director of Vietnam Airlines Le Hong Ha. The Vietnam-US route was among one of the most in-demand pre-pandemic. There were 24,000 Vietnamese university students and a 2.2 million strong Vietnamese community in the US in 2020. Two-way trade has been on the rise in recent years reaching 90 billion USD in 2020 and projected to hit over 100 billion USD this year, making the Southeast Asian economy one of the US’s top trading partners. As a result, the airline is confident demand will quickly recover once the pandemic is put under control and mobility restrictions relaxed, Ha said. Competition, however, is expected to be fierce as the …
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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 must produce own Covid vaccines, drugs: PM
In a meeting regarding importing and producing domestic Covid-19 vaccines and drugs, Chinh said vaccines play a decisive role in preventing the coronavirus, and that the development of vaccines and drugs would help boost Vietnam's medical capabilities and bolster the country's pharmaceutical sector. It is the state and the Party's stance that Vietnam must be able to produce domestic Covid-19 vaccines and drugs to stay active in the coronavirus fight and save money for the national budget, he said. Products must remain safe, and there must be no place for corruption, group interests or unfair competition, he stressed. The Ministry of Health would complete necessary mechanisms to boost production of domestic vaccines and drugs, added Chinh. Vietnam has so far approved nine types of Covid-19 vaccines from various countries. It is also developing its own domestic vaccine candidates, including Nanocovax and Covivac. The country is using several antiviral drugs for Covid-19 …
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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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Vietnam, Switzerland eye stronger educational cooperation
At the working session between Vietnamese Minister of Education and Training Nguyen Kim Son and Switzerland’s State Secretary for Education, Research and Innovation (SERI) Martina Hirayama on November 26. (Photo: VNA) Bern (VNA) – Vietnamese Minister of Education and Training Nguyen Kim Son and Switzerland’s State Secretary for Education, Research and Innovation (SERI) Martina Hirayama on November 26 discussed measures to improve the efficiency of educational cooperation between the two countries. Their working session took place within the framework of President Nguyen Xuan Phuc’s official visit to Switzerland. Son suggested strengthening collaboration between Vietnamese and Swiss universities, covering training programmes in such areas as tourism, hotel, insurance, banking and high-tech, along with innovation. The two sides should step up the exchange of lecturers and students, and establish research groups that gather professors from Vietnamese and Swiss …
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US donates two million more COVID-19 vaccine doses to Vietnam
The United States has additionally offered Vietnam over two million Pfizer-BioNTech COVID-19 vaccine jabs, bringing its total donations to the Southeast Asian country to more than 18 million doses. “Another shipment of 2,074,410 doses of Pfizer vaccine arrived in Hanoi early this morning,” the U.S. Embassy in Vietnam said in its verified Facebook page on Friday. The U.S. has so far donated over 18 million vaccine doses to Vietnam through COVAX as part of its steadfast commitment to support Vietnam in the fight against COVID-19, the embassy said. “And more are on the way!” it added. The two countries have cooperated to improve Vietnam’s capacity in response to the COVID-19 pandemic, based on their long-term cooperative relationship, according to the embassy. The U.S. has aided nearly US$1 billion to Vietnam over the past years for develop health infrastructure development, and the former has also committed $26.7 million as support for Vietnam to respond to the pandemic. In …
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Japan urged to open door for longan imports from Vietnam
Vietnam’s agriculture minister on Wednesday called on his Japanese counterpart to accelerate quality assessment process for longan exports from the Southeast Asian country to enter the East Asia market in 2022. Le Minh Hoan, Vietnamese Minister of Agriculture and Rural Development, joined a working session with Kaneko Genjiro, Japanese Minister of Agriculture, Forestry and Fisheries, the Vietnamese agriculture ministry reported on Thursday. During the discussion, Hoan urged his Japanese counterpart to accelerate procedures at Japanese appraisal authorities in order for Vietnamese longans to enter Japan in the 2022 harvest. The Vietnamese minister also suggested that Japan apply online inspection or facilitate procedures for enterprises to ship heat-treated poultries to Japan. Mechanisms for Vietnam’s pomelo and Japan’s grape harvests to enter the other market will also be devised, the two ministers concurred. Vietnam is promoting agriculture development to ensure food …
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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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