Vietnam Monthly Real Estate News December 2021
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Daily Real Estate News Highlights Top 5 - Daily Updated Real Estate News Colliers Vietnam's Real Estate Highlights is the daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market.
Colliers News
Surprised by the move of real estate investors www.cafef.vn According to Colliers Vietnam, in September, the number of land inquiries in Ho Chi Minh City's suburbs such as Long An, Ba Ria Vung Tau, Binh Duong, or Dong Nai increased by about 20-30% compared to August. Along with that, the segment of townhouses and villas was also busy right after the social distancing was eased. Mr. David Jackson, CEO of Colliers Vietnam pointed out the developments of 3 real estate segments in the market of Ho Chi Minh City and neighboring provinces after the time of easing the distance. According to this expert, the Covid-19 pandemic has made many people hesitate to choose to live in overcrowded areas, small apartment areas, and residential areas that do not have enough isolation needed to get peace of mind. as well as the ability to prevent pandemics. This further motivates them to find areas that are relatively far from the center, while still being able to secure work and fully enjoy essential services.
Mr. David M. Jackson Chief Executive Officer | Colliers Vietnam
Vietnam’s exports to hit almost $535 billion by 2030 www.vir.vn "Future of Trade 2030: Trends and markets to watch" – a new research by Standard Chartered – projects that global exports will almost double from $17.4 trillion to $29.7 trillion over the next decade. The report reveals 13 markets that will drive much of this growth, identifies major corridors, and five trends shaping the future of global trade. Vietnam is a key driver of this global trade growth, with its exports projected to grow at an average annual rate of more 7 per cent to cross $535 billion by 2030.
Vietnam’s exports to hit almost $535 billion by 2030
President’s Russia visit hoped to deepen bilateral comprehensive strategic partnership www.vietnamnews.vn President Nguyễn Xuân Phúc’s official visit to Russia from November 29 to December 2, which will be made at the invitation of President Vladimir Putin, is expected to deepen the Việt Nam-Russia comprehensive strategic partnership. The bilateral political relationship has been continuously consolidated, reflected through the regular exchange of high-level delegations.
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Daily Real Estate News Highlights Top 5 -Daily Updated Real Estate News Colliers Vietnam's Real Estate Highlights is the daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market.
Colliers News
The investor spends healthcare utilities
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of
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www.vnexpress.net Joining the real estate race at the end of the year, real estate "giants" launch products associated with a series of health care utilities - a trend that is taking the throne after the social distancing. Sharing in a recent real estate seminar, Mr. David Johnson - CEO of Colliers Vietnam said that healthcare real estate is one of the trends of interest. In the future, as the number of people is getting older, their demand for the same quality of facilities will also increase. They will want to live in a place that can provide the best health care and support when they need it.
Mr. David M. Jackson Chief Executive Officer | Colliers Vietnam
Riverside real estate enthrones www.cafef.vn According to Mr. David Jackson, CEO of Colliers Vietnam, buyers who "put the money" to buy riparian real estate are especially interested in living experience. Not only in Vietnam but around the world, rich people especially like riparian villas. This comes from the feeling of relaxation that the river space brings to people. “For such a reason, riparian apartment projects are often priced 15 - 30% higher than other projects in the same segment. Even in the same project, apartments with river view are also priced higher than the rest. Although the price is higher, the demand for buying is still very large due to the attractiveness of this type of apartment.” Colliers Vietnam expert emphasized.
Riverside real estate enthrones
Viettel launches mobile money services www.bizhub.vn Viettel Military Industry and Telecoms Group (Viettel) on Wednesday launched its digital financial ecosystem called Viettel Money. Viettel Money is a comprehensive digital financial ecosystem that is available anytime and anywhere with the widest range of services, said Pham Trung Kien, General Director of Viettel Digital. With up to 300 personalised functions, the most to date, Viettel Money serves diverse needs of customers in trading, money transfer, investment, insurance and bill payment. Wherever there is mobile signal of Viettel, even without internet connection, customers can use Viettel Money, Kien added. Viettel's telecom network now covers 99 per cent of Viet Nam's area, offering services in 11,000 wards and communes nationwide, including those located in remote, border and island areas.
colliers.com/en-vn
Daily Real Estate News Highlights Top 5 -Daily Updated Real Estate News Colliers Vietnam's Real Estate Highlights is the daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market.
Colliers News
Real estate experts: Individual investors who lack capital can use financial leverage, but must be especially balanced according to this loan ratio www.cafebiz.vn Mr. David Jackson, CEO of Colliers Vietnam said that using financial leverage could help investors quickly manage the shortfall to buy real estate as they want. This was especially important when the market was active, investors saw many opportunities and wanted to get loans quickly to help them stay ahead of the market to find profits.
Mr. David M. Jackson Chief Executive Officer | Colliers Vietnam
President’s Russia visit hoped to deepen bilateral comprehensive strategic partnership www.vietnamnews.vn As part of his official visit to Russia, President Nguyễn Xuân Phúc, who is also Chairman of Việt Nam’s National Defence and Security Council, met with Dmitry Medvedev, Deputy Chairman of the Security Council of Russia and Chairman of the ruling United Russia party, on Wednesday (local time). Welcoming Phúc’s visit, Medvedev said that the visit will open up a new stage of the stronger and more comprehensive and effective development of the Việt Nam-Russia comprehensive strategic partnership. He affirmed the Security Council of Russia will continue backing and promoting bilateral cooperation in all fields.
President Nguyễn Xuân Phúc (left), speaks to Dmitry Medvedev, Deputy Chairman of the Security Council of Russia in Moscow on Wednesday.
Vietnam approves ASEAN agreements aiming at facilitating traveling among member states www.nhandan.vn The Government has just issued Resolution 150/NQ-CP approving the ASEAN Framework Agreement on the Facilitation of Cross-border Transport of Passengers by Road Vehicles (CBTP). The agreement, which was signed on October 13, 2017 in Singapore on the occasion of the 23rd ASEAN Transport Ministers Meeting, is aimed to simplify and harmonise transport, customs, immigration and quaratine procedures and requirements for the purpose of faciliation of transport of passengers. The Government also issued Resolution 151/NQ-CP dated December 2, 2021 endorsing the ASEAN Mutual Recognition Agreement on Type Approval for Automotive Products (APMRA), which was signed by ASEAN member states (AMS) on January 16 this year in Nay Pyi Taw, Myanmar. The resolution also allows direct application of the entire content of the agreement when it takes effect for Vietnam.given the opportunity to outline recommendations for the stable development of the real estate market.
colliers.com/en-vn
Daily Real Estate News Highlights Top 5 -Daily Updated Real Estate News Colliers Vietnam's Real Estate Highlights is the daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market.
Colliers News
Which real estate segment will increase sharply in 2022? www.thegioitiepthi.vn According to Mr. David Jackson, CEO of Colliers Vietnam, in Ho Chi Minh City, the supply of residential real estate is likely to be significantly improved. New projects in the mid-end segment will mainly focus on the East and suburban districts. The central land fund will be prioritized for the development of luxury and high-end housing projects. Housing prices are expected to maintain an average growth momentum of 3-7% in 2022 across segments. Meanwhile, in Hanoi, the abundant new supply will come from large urban projects from suburban areas thanks to a large land fund. The strength of the Hanoi housing market is the strongly developed infrastructure system, increasing the connection between the central area and the surrounding areas. Real estate prices in Hanoi are not as volatile as in Ho Chi Minh City, but prices are still increasing year on year at 1-3%.
Mr. David M. Jackson Chief Executive Officer | Colliers Vietnam
HCMC high-end shophouses attract few tenants www.vnexpress.net Commercial shophouses worth VND70-80 billion ($3-3.4 million) in HCMC that are being rented out for VND130-140 million a month are getting few tenants. A VnExpress survey early this month showed many of the high end shophouses along Nguyen Co Thach Road remained vacant. On the lower tier, shophouses worth VND27-35 billion with monthly rents of VND30-58 million along Dong Van Cong Road, and those with monthly rents of VND18-20 million in the Cat Lai area were in the same situation. The owners of many shophouses along Pham Van Dong Road are offering lower rents to lure new tenants. Meanwhile, although shophouses are attracting few tenants at present, their selling prices remain high and are even increasing, realtors said.
A real estate project in District 2, HCMC.
Vietnam is not a currency manipulator: US Treasury www.tuoitre.vn Vietnam continues to meet the U.S. Department of the Treasury’s criteria for not being labeled as a currency manipulator, the Treasury said in its semiannual currency report on Friday. In its latest report on its website, the Treasury said it found that no major trading partners of the U.S. over the four quarters through June 2021 sought to manipulate their currencies for an unfair competitive advantage in international trade or for preventing effective balance of payments adjustments. colliers.com/en-vn
Daily Real Estate News Highlights Top 5 -Daily Updated Real Estate News Colliers Vietnam’s Real Estate Highlights is the daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market.
Colliers News
Leveraging the attraction from the historic site is the new retail real estate business trend in Asia www.cafeland.vn “A heritage site is often a special place for many people. These places are steeped in local history and culture. Today, people have a clearer awareness of cultural and historical factors, so the tendency to preserve heritage is emerging. The preservation of heritage sites also creates business opportunities because these places can become a good selling point, attract tourists, promote the local commercial market.” said Dorothy Chow, Executive Director of Colliers Asia.
Tai Kwun celic in Hong Kong - a art and merchandis center which formerly a polic station, magistrates court and prison
Hanoi's metro train test runs at 80 kph on autopilot www.vnexpress.vn Hanoi's second metro line performed a test run on autopilot Monday at the maximum designed speed of 80 kph to evaluate the synchronicity between different systems. At 10:30 a.m., the train on the Nhon-Hanoi Railway Station line left the depot for the S1 Station that is located in front of the Hanoi University of Industry, to begin its test run. It then ran from the S1 Station to the S8 Station (Nhon-Cau Giay), about 8.5 km apart, stopping at each station for a few minutes.
Vietnam-Laos great friendship, special solidarity and comprehensive cooperation
Work on Long Thanh airport’s passenger terminal to start in March 2022 www.thesaigontimesvn The Ministry of Transport has asked the Airports Corporation of Vietnam (ACV), the investor of the Long Thanh International Airport project in Dong Nai Province, to complete procedures and the appraisal of the technical design for the passenger terminal in January so that work on the passenger terminal can begin in March next year. The ministry has asked the relevant units to accelerate the progress of the project. Regarding runways, taxiways, internal roads, electricity and water supply, telecom, lighting and jet fuel pumping systems and an operation building, ACV must complete procedures to develop these items from June next year.
Can Tho to spend VND1.2 trillion upgrading five congested intersections
www.thesaigontimesvn The government of Can Tho City has proposed using nearly VND1.2 trillion from its budget to upgrade five oft-congested intersections in this Mekong Delta city. At the Can Tho People’s Council year-end meeting on December 6, Nguyen Thuc Hien, vice chairman of the city’s government, presented the proposal to seek council approval for the project to upgrade and expand the five key intersections in downtown Can Tho. The intersections are Mau Than-Ba Thang Hai-Tran Hung Dao, Mau Than-Nguyen Van Cu-Vo Van Kiet, Nguyen Van Linh-Nguyen Van Cu, Nguyen Van Linh-Ba Thang Hai and Nguyen Van Linh-Ba Muoi Thang Tu colliers.com/en-vn
Daily Real Estate News Highlights Top 5 - Daily Updated Real Estate News Colliers Vietnam’s Real Estate Highlights is the daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market.
Colliers News
Ho Chi Minh City plans Binh Chanh to 2040, what will the real estate market look like? www.cafef.vn Mr. David Jackson, CEO of Colliers Vietnam assessed, by the fact that 3 subdistricts of Nha Be, Hoc Mon and Binh Chanh having a roadmap to move forward to districts, it was understandable that real estate in these areas would be bustling. In fact, the real estate market in these areas has begun to develop with the appearance of many well-invested infrastructure projects, attracting real buyers. This was really a good sign because the development of these areas would reduce the pressure of urbanization for HCMC. According to Mr. Jackson, Nha Be and Binh Chanh are located at the gateway of Ho Chi Minh City and the Southwest region, so these two subdistricts will attract stronger investment and create more jobs.
Mr. David M. Jackson Chief Executive Officer | Colliers Vietnam
VN-US trade top priority post-pandemic www.vietnamnews.vn Việt Nam considers the US among the most important and comprehensive trade partners, said deputy minister of industry and trade Đỗ Thắng Hải at the 2021 Việt Nam-US Trade Forum held yesterday in Hà Nội.
Vietnam, Laos forge trade union cooperation www.vietnamplus.vn Deputy minister of industry and President of the Vietnam General Confederation of Labor (VGCL) Nguyen trade Đỗ Thắng Hải speaks at the Dinh Khang on December 7 suggested the VGCL and the Lao Federation 2021 Việt Nam-US Trade Forum on Tuesday. of Trade Unions (LFTU) step up online exchanges amid the complex developments of the COVID-19 pandemic. During his online talks with President of the LFTU Central Committee Aly Vong Nor Boun in Hanoi, Khang expressed his impression at the operation of the Lao federation, and briefed his guest on the VGCL’s situation.
Samsung has invested nearly $18 bln in Vietnam www.vnexpress.vn Samsung has invested $17.74 billion in Vietnam in the last 24 years, 29 percent of it in the last five. With eight manufacturing and research facilities in the country, the South Korean electronics giant achieved revenues of nearly $60.5 billion in the first 10 months of this year, Samsung Vietnam CEO Choi Joo Ho told Deputy Prime Minister Le Minh Khai at a meeting in Hanoi Monday. It marked a 15 percent year-on-year rise despite the challenges to keeping factories going and sourcing parts amid Covid-19, he said.
colliers.com/en-vn
Daily Real Estate News Highlights Top 5 -Daily Updated Real Estate News Colliers Vietnam's Real Estate Highlights is the daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market.
Colliers News
F0 investors are returning to the market, will they "stir up" real estate at the end of the year? www.cafef.vn According to Mr. David Jackson, CEO of Colliers Vietnam, the phenomenon of investors earning profits from stocks, gold, etc. and then becoming F0 investors in the real estate sector, they enter the market at a "hot time", and there are quite a few big winners. But this is a risky "game" for those who want fast fight and fast victory while real estate will have different developments in each region, from time to time, not to mention unpredictable impacts like the pandemic.
Mr. David M. Jackson Chief Executive Officer | Colliers Vietnam
Gov't to seek $8 bln in foreign investment to build three metro routes in HCM City www.vietnamnews.vn The Government is soliciting billions of dollars in foreign investment in metro routes and other infrastructure projects in HCM City in the next five years. The metro projects are in an approved list of public projects seeking foreign investment in the 2021-25 period. The Government is seeking US$4.57 billion for the 36.2km metro line No 4 spanning districts 1, 3, 4, 7, 12, Gò Vấp, Phú Nhuận, and Nhà Bè, which are the most populous areas in the southern economic centre, and $1.82 billion for line No 3 and $1.48 billion for the second phase of line No 2.
HCM City’s metro line No. 1 is under construction. The Government is set to solicit foreign investment in three other metro routes in the city in the next five years.
Detailed policies required to successfully call investment in railway www.bizhub.vn Detailed policies on attracting investment in the railway industry are needed to meet the country’s ambitious VND240 trillion (US$10.5 billion) railway development plan in the next ten years, experts said. Prime Minister Pham Minh Chinh recently signed a decision to approve the country’s railway development plan for the 2021-30 period, which sets the goal of building nine new railways with a total length of 2,362km by 2030. The longest is a 1,545km long high speed rail line running north-south from Ngoc Hoi Station in Ha Noi to Thu Thiem Station in HCM City, with priority of investment being given to the Ha Noi-Vinh and Nha Trang-HCM City sections.
colliers.com/en-vn
Daily Real Estate News Highlights Top 5 -Daily Updated Real Estate News Colliers Vietnam’s Real Estate Highlights is the daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market.
Colliers News Psychology of real estate investors at the end of the year www.cafef.net According to Mr. David Jackson, CEO of Colliers Vietnam, for customers who were intending to buy real estate, this quarantine period would make them more cautious in making investment decisions. Especially for customers who were affected in terms of income due to Covid-19. However, for investors with good financial flow who had not yet bought real estate, they were still quietly looking for real estate, waiting for opportunities after the Covid-19 pandemic was under control.
Mr. David M. Jackson Chief Executive Officer | Colliers Vietnam
Work starts on VinES battery manufacturing factory in Vũng Áng EZ www.vietnamnews.vn Construction of VinES battery manufacturing factory costing VNĐ4 trillion (nearly US$173.7 million) began on Sunday in central Hà Tĩnh Province's Vũng Áng Economic Zone with the presence of President Nguyễn Xuân Phúc. Financed by local conglomerate Vingroup, the factory will be developed on 8ha in its initial phase, providing lithium batteries for VinFast’s electric cars and buses.Minister for Public Security To Lam
President Nguyễn Xuân Phúc (centre) at the factory's ground breaking ceremony.
Land plots in Thu Thiem New Urban Area got 4-8 times higher than initial price www.vir.vn Four land plots in the central area of Thu Thiem New Urban Area were awarded to domestic investors in a bidding session on December 10. Ho Chi Minh City People’s Committee earned a total revenue of more than VND37 trillion ($1.6 billion) from the auction, many times higher than the initial offering price. Dream Republic JSC was given the 3-5 land plot of more than 6,400 square metres, to build 4-5 storey buildings with one basement, offering 76 apartment units on five floors and one ground basement. Dream Republic JSC had to pay VND3.8 trillion ($165.2 million), 6.6 times higher than the initial price of the City Committee.
LEGO Group to build new factory in Vietnam
www.vietnamplus.vn The Danish toy production company LEGO Group on December 8 signed a memorandum of understanding with the Vietnam–Singapore Industrial Park Joint Stock Company (VSIP) on the building of a new plant in southern Binh Duong province. The Danish toy production company LEGO Group on December 8 signed a memorandum of understanding with the Vietnam–Singapore Industrial Park Joint Stock Company (VSIP) on the building of a new plant in southern Binh Duong province.
colliers.com/en-vn
Daily Real Estate News Highlights Top 5 -Daily Updated Real Estate News Colliers Vietnam's Real Estate Highlights is the daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market.
Colliers News Housing real estate outlook in 2022 www.tapchitaichinh.vn Mr. David Jackson, CEO of Colliers Vietnam said, in Ho Chi Minh City, the supply of housing real estate was likely to be significantly improved. New projects in the mid-end segment would mainly focus on the East and suburban districts. The central land fund would be prioritized for the development of luxury and high-end housing projects. Housing prices were expected to maintain an average growth momentum of 3-7% in 2022 across segments. Meanwhile, in Hanoi, the abundant new supply would come from large urban projects from suburban areas thanks to a large land fund. The strength of the Hanoi housing market was the strongly developed infrastructure system, increasing the connection between the central area and the surrounding areas. Real estate prices in Hanoi were not as volatile as in Ho Chi Minh City, but prices were still increasing year by year at 1-3%.
Mr. David M. Jackson Chief Executive Officer | Colliers Vietnam
HCMC land fetches record $1 mln for 10 sq.m, ripple effect seen www.vnexpress.vn Thu Thiem Peninsula land prices have soared to a record VND2.4 billion ($104,000) per sq.m, and this will have a ripple effect on all housing segments, experts say. Winning bids on four plots of land in the Thu Thu Thiem peninsula houses Thiem new urban area in District 2 ranged from VND470 million to many villas and buildings, October VND2.4 billion per square meter, 4-8.3 times higher than the Dec. 10 2021. auction’s starting prices.
Shares start week higher on real estate stocks www.vietnamnews.vn On the Hồ Chí Minh Stock Exchange (HoSE), the market benchmark VN-Index gained 0.87 per cent to end at 1,476.21 points. The index gained 1.4 per cent last week. On the Hà Nội Stock Exchange (HNX), the HNX-Index rose 0.51 per cent, to 457.56 points. The index had increased 0.33 per cent last week.
VND16-trillion port complex project proposed in Tien Giang
www.thesaigontimes.vn Song Toan Phat Services Trading Co., Ltd has proposed developing a port complex project worth over VND16 trillion on the bank of the Soai Rap River in Go Cong Dong District of the Mekong Delta province of Tien Giang. The company wanted to develop a large port complex to facilitate production, business and import-export activities in the province and the region, contributing to socio-economic development in Go Cong Dong District and Tien Giang’s logistics sector. colliers.com/en-vn
Daily Real Estate News Highlights Top 5 -Daily Updated Real Estate News Colliers Vietnam’s Real Estate Highlights is the daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market.
Colliers News After the pandemic: Retail real estate will prosper www.vneconomy.vn Colliers Vietnam believes that there are many positive signs for the retail space segment in Vietnam because this segment is continuing to attract investment. Some international retail brands that are new to the market still prioritize opening flagship stores in combination with online sales channels to increase coverage to many regions. For the F&B sector, after a long period of social distancing, besides a part of consumers who are still concerned about the pandemic, another large part quickly went to in-place food and service establishments.
Mr. David M. Jackson Chief Executive Officer | Colliers Vietnam
Germany hands over donation of 2,558,000 Moderna COVID-19 vaccine doses to Vietnam www.tuoitrenews.vn
Vietnam formally received on Tuesday 2,558,000 Moderna COVID-19 vaccine doses donated by Germany, with the European country expected to gift a total of over 10 million doses to the Southeast Asian nation.
Germany hands over donation of 2,558,000 Moderna COVID-19 vaccine doses to Vietnam
SmartOSC partners with Australian firm worth $2 billion www.vietnamnews.vn FSmartOSC, a Vietnamese digital commerce agency has reached an agreement to replace two existing legacy business-to-business (B2B) portals for the largest independent hardware wholesaler in Australia. Under the deal, SmartOSC will become IHG’s development partner and help the company replace two existing legacy B2B sales portals. The initial phase of the B2B portal project will also improve customer experience by providing a unified solution for cohesive interaction between their members and the IHG team. “SmartOSC and IHG share a vision for the digital ecosystem, so we’re thrilled that this iconic Australian business has selected SmartOSC as their development partner,” said Adrian Wakeham, Regional Manager for Australia and New Zealand at SmartOSC.
Vietnam’s economic conditions improve further: WB
www.vietnamplus.vn Vietnam’s economic conditions continued to improve, with both industrial production and retail sales registered a third month of growth, said World Bank (WB) in the December edition of its Vietnam Macro Monitoring. Compared to a year ago, the CPI rose by 2.1 percent year-on-year, slightly higher than in October, but well below the 4.0 percent target set by the State Bank of Vietnam. Given the available fiscal space, and difficulties registered in implementing the budget in 2021, another policy option for consideration is a reduction in the value-added taxes for 2022 to support private consumption. colliers.com/en-vn
Daily Real Estate News Highlights Top 5 - Daily Updated Real Estate News Colliers Vietnam's Real Estate Highlights is the daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market.
Colliers News Colliers: Binh Thuan will be the new destinations for industrial real estate www.tinnhanhchungkhoan.vn According to Colliers, with "support" from signed free trade agreements and many other favorable factors, Vietnam will continue to be the destination of many large international corporations, boosting industrial real estate demand. Among the destinations that can meet that demand, potential localities such as Binh Thuan and Thanh Hoa will be suitable and attractive destinations. As for Binh Thuan, Colliers explains, Binh Thuan is not too far from Ho Chi Minh City and is being invested in very synchronous and modern traffic. The most important traffic project today is the Long Thanh - Dau Giay expressway, and La Gi town is located at the gateway before this highway runs through other areas of the province.
Mr. David M. Jackson Chief Executive Officer | Colliers Vietnam
Air Lease Corp. helps Vietnam Airlines restructure aircraft fleet www.vov.vn National flag carrier Vietnam Airlines and Air Lease Corporation (ALC) of the United States have reached an aircraft restructuring agreement related to the lease of 18 aircraft, including 12 Airbus A321Neo and 6 Boeing B787-10 under their current contract.
Air Lease Corp. helps Vietnam Airlines restructure aircraft fleet
US firm with climate-smart ocean farming in Vietnam receives State’s award www.tuoitrenews.vn Australis Aquaculture, an enterprise with aquaculture projects in south-central Vietnam, has been among the winners of the 2021 Award for Corporate Excellence (ACE) presented by the U.S. Department of State. The firm currently exports about 10,000 metric tons of fish a year, with four processing factories in Khanh Hoa employing about 1,000 workers, according to CEO and co-founder Josh Goldman. In addition, it is also planning to build a modern seafood processing factory in Ninh Thuy Industrial Park in Khanh Hoa’s Ninh Hoa Town in 2022.
Export to rise double-digit
www.bizhub.vn Vietnam’s export value is set to reach $330 billion this year, up 17 percent from last year, thanks to the government’s effort to promote trade amid the pandemic. The figure reached $300 billion by last month, with 34 categories worth at least $1 billion, including seven at over $10 billion, which was determined as the ministry conducts trade promotion activities digitally to help farmers sell their agriculture produce even amid the most difficult time of the pandemic, Deputy Minister of Industry and Trade Tran Quoc Khanh told.
colliers.com/en-vn
Daily Real Estate News Highlights Top 5 -Daily Updated Real Estate News Colliers Vietnam’s Real Estate Highlights is the daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market.
Colliers News As durable as the land plot www.nhipcaudautu.vn Ms. Kim Ngoc, Director, Valuation and Advisory Service at Colliers Vietnam, said that in the past, people always believed that land prices would always increase in the short term. However, the pandemic has caused a lot of turmoil in the market. Therefore, investors also needed to have a more multi-dimensional view, especially in a period of strong change as today. “Investors need to be more active in equipping with in-depth knowledge of the market with its macroeconomic and social situation in order to make the most rational decisions possible. Although there are many common difficulties, there are still many opportunities if we know how to grasp them," said Ms. Kim Ngoc.
As durable as land plot
Over 321,000 AstraZeneca doses donated by UK arrive in Vietnam www.thesaigontimes.vn
More than 320,000 doses of the AstraZeneca vaccine presented by the United Kingdom (UK) arrived at the Noi Bai International Airport in Hanoi on December 15, according to the UK Embassy The Covid-19 vaccine batch donated by the UK arrives in Hanoi in Vietnam.
Bitexco Energy completes the acquisition of Talisman (Vietnam 15-2/01) in Canada www.vir.vn Bitexco Energy Ltd., a wholly-owned subsidiary of Bitexco, today announced that it has received the necessary approvals from the competent Vietnamese authorities to complete the procedures for owning Talisman (Vietnam 15-2/01) Ltd., a company incorporated in Canada. Bitexco Energy is part of Bitexco Group. The mission of Bitexco Energy is to contribute to the prosperity of Vietnam by developing clean energy projects, renewable energy with high responsibility for environmental protection. Launched in 2002, Bitexco Group has under its portfolio 21 electric energy projects, as well as two oil and gas projects.
Emerging real estate trends in the 'new normal' in Ho Chi Minh City www.tuoitrenews.vn After many quiet months, the real estate market in Ho Chi Minh City is on the upswing and witnessing several new buyer trends as the year comes to a close. Trusting reputable developers - Among the most reputable real estate developers in the market, Refico is a widely respected name, recognized for outstanding luxury projects like City Garden, Sanctuary Ho Tram, and The Nexus. Prioritizing green space and integrated facilities - ‘Wellness’ and ‘mental health’ became keywords for both buyers and investors. A preference for ‘ready-to-move-in’ apartments - While buyers once worried about overall quality, timelines, and legal issues at handover, now they prefer to put their trust in real estate products they can move into immediately. colliers.com/en-vn
Daily Real Estate News Highlights Top 5 -Daily Updated Real Estate News Colliers Vietnam's Real Estate Highlights is the daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market.
Colliers News The promising future to the Asian real estate market in 2022 www.cafeland.vn Experts from Colliers said that office properties in major cities such as London, New York, Tokyo and Sydney would retain their appeal next year. According to the survey, up to 60% of investors consider office properties as their core investment in the coming year. In addition, industrial real estate and logistics are also noticed. “Based on our report, the pent-up demand of the past two years will become the driving force for the market next year. However, investors face an increasingly complex and competitive environment. Currently, office properties in major cities are seen as a safe investment in the way businesses deploy capital,” said Tony Horrell, Head of Global Capital Markets at Colliers.
The promising future ti the Asian real estate market 2020
US recommends approving Google, Meta undersea data cable to Asia www.vnexpress.vn The Biden administration on Friday recommended Alphabet's Google and Facebook parent Meta get permission to use an undersea cable system to handle growing internet traffic with Asia. Under the agreements, Google and Meta must conduct annual assessments of risk to sensitive data, and they have to be able to restrict or stop data traffic on the cables within 24 hours.
US recommends approving Google, Meta undersea data cable to Asia
Gov’t works on stopping coal-fired power development after 2030 www.bizhub.vn Viet Nam will not develop coal-fired power plants after 2030 to meet its international commitments on achieving net-zero carbon emissions by 2050. Under this direction, the MoIT will have to review coal-fired power plants to not further develop them and find alternative fuel sources for the plants after 2030. Besides, the Government has also required the MoIT to map out incentive policies to encourage the development of offshore wind power sources. The MoIT must clearly define the criteria of important projects and investment priorities to ensure the implementation of the PDP8 to be open, transparent and feasible.
WB, HSBC optimistic about Viet Nam’s economy
www.bizhub.vn Viet Nam’s economy should get back to GDP growth of 6.8 per cent next year, which will be driven by a return of strong foreign direct investment (FDI) into the market, mainly focusing on the manufacturing sector, CEO of HSBC Vietnam Tim Evans has said. This would benefit Viet Nam's exports, especially as free trade agreements that have been signed over the past two years start to bear fruit, according to the CEO. colliers.com/en-vn
Daily Real Estate News Highlights Top 5 -Daily Updated Real Estate News Colliers Vietnam’s Real Estate Highlights is the daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market.
Colliers News Is a million-dollar luxury apartment in Vietnam possible? www.vietnamfinance.vn Spending millions of dollars to buy a super-luxury apartment to affirm the status, wealth, and "different tastes" of the elite is not too strange in the world. The level of spending is increasingly "shocking" when it is impossible to determine what is the selling price limit for a luxury apartment. Hong Kong is the most expensive area in the world. According to Colliers International, total transactions during 12 months to June 2021 of this segment reached HKD 12.8 bil, double that of a year ago.
Is amillion-dollar luxury apartment in Vietnam possible?
Laos to allow visitors from 17 countries, including Vietnam www.vnexpress.vn Laos is set to reopen its doors to tourists from 17 countries, including Vietnam, on January 1, nearly two years after it shut them following the Covid-19 outbreak. Tourists are required to be fully vaccinated against Covid at least 14 days prior to arrival and furnish a negative PCR test done within the last 72 hours, the Laotian Times reported.
An aerial view of Luang Prabang, a popular tourist destination in Laos.
Singapore firms develop new data centres in Vietnam www.vir.vn Singaporean businesses are increasingly investing in new data centres in Vietnam to serve the rising demand for data storage solutions in Vietnam. Singapore-based Worldwide DC Solution has recently obtained an investment license to develop its 1Hub data centre in Saigon Hi-tech Park (SHTP) with a total investment capital of $70 million. The 1Hub data centre will be located at OneHub Saigon Complex invested by Ascendas Saigon Bund Co., Ltd in SHTP. The 1Hub data centre is slated to complete construction and start operation in early 2025. This is a foreign-invested project with the largest investment capital in SHTP in 2021. Furthermore, the Vietnamese data centre market is driven by the shifting of enterprises' data to cloud platforms. This has led to an increase in the adoption of data storage solutions. Meanwhile, the growing adoption of big data solutions, the Internet of Things, and cloud-based solutions, among others, is expected to propel market growth through 2026.
colliers.com/en-vn
Daily Real Estate News Highlights Top 5 - Daily Updated Real Estate News Colliers Vietnam's Real Estate Highlights is the daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market.
Colliers News Thanh Hoa industrial real estate becomes a new "hot spot" in the North www. cafef.vn According to Mr. David Jackson, CEO of Colliers Vietnam, not only in the South, the "centrifugal" trend of the industrial real estate segment also occurs in the North. With the advantages of land fund, rental rate, infrastructure and development policy, Thanh Hoa is likely to become the next exciting location of industrial real estate in the North. In addition to the advantages of policy along with the momentum of economic growth, the important reasons why Thanh Hoa has great advantages in industrial real estate include large land fund, abundant human resources, good and continuously invested infrastructure..
Mr. David M. Jackson Chief Executive Officer | Colliers Vietnam
Japan, central Việt Nam promote manpower link .www.vnexpress.vn To promote job recruitment opportunities in Japan for Vietnamese students in central Việt Nam, the central city-based Đông Á University and Japanese partners have inked a series of agreements in human resources education, practical courses and internship programmes in nursing, tourism, automobiles and business management in 2021-25. The two sides agreed to boost educational programmes in tourism, nursing, business management, as well as Vietnamese, Japanese and English language training.
Japan, central Việt Nam promote manpower links
Dong Nai urged to hand over land for Long Thanh airport project this month www.thesaigontimes.vn Deputy Prime Minister Le Van Thanh has told Dong Nai Province to hand over 1,810 hectares of cleared land to the investor of the Long Thanh International Airport project before the year is out, according to the Government Office. The Long Thanh airport in the southern province is a project of national importance, but construction work has lagged behind schedule, according to the deputy prime minister. Apart from asking relevant agencies and units to speed up work on the project, Deputy PM Thanh ordered the province to complete the handover of all 1,810 hectares of land for the first phase of the big-ticket project and 722 hectares in reserve prior to December 31.
colliers.com/en-vn
Daily Real Estate News Highlights Top 5 -Daily Updated Real Estate News Colliers Vietnam’s Real Estate Highlights is the daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market.
Colliers News From the determination to upgrade Binh Chanh to the City in 2025 to the "bright spots" of the real estate market at the end of the year www.cafef.vn According to Mr. David Jackson, CEO of Colliers Vietnam, the high demand for housing, well-invested transport infrastructure, and a large mechanical population are the reasons why Binh Chanh real estate has a good price increase. According to the survey, the average price of apartments in Binh Chanh is currently VND 35-45 mil/m2. The demand for real estate search in Binh Chanh is currently very high, about 2 times higher than the period of social distancing. Many investors are paying more attention to Binh Chanh to "welcome" the market when the price increase margin is still high and the infrastructure system is developing strongly. On the other hand, more and more real estate buyers flocking here looking for a place to live is an advantage for real estate in this area to increase in value.
Mr. David M. Jackson Chief Executive Officer | Colliers Vietnam
Indices retreat, money flows in speculative stocks www.vietnamnews.vn The market retreated on Wednesday but money was still poured into speculative stocks which pushed the liquidity to a very high level. Nearly 1.1 billion shares worth VNĐ33.6 trillion (US$1.5 billion) were traded on the Hồ Chí Minh Stock Exchange. Liquidity also grew strongly on the Hà Nội Stock Exchange with more than 151 million shares worth VNĐ4.5 trillion exchanged, up 27 per cent in volume and 20 per cent in value against Tuesday
VinUniversity campus in Hà Nội. Shares of Vingroup increased 1.5 per cent on Wednesday.
Quang Ninh to welcome foreign tourists with vaccine passport next month www.vnezpress.vn Quang Ninh Province in northern Vietnam is scheduled to welcome a group of South Korean tourists on January 7 under a vaccine passport trial program. All foreign guests need to furnish certificates showing they are fully vaccinated or have recovered from Covid and tested negative for the novel coronavirus within 72 hours before departure. They are required to install the IGOVN and PC-Covid health declaration applications on their smartphones while in Vietnam.
colliers.com/en-vn
Daily Real Estate News Highlights Top 5 -Daily Updated Real Estate News Colliers Vietnam’s Real Estate Highlights is the daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market.
Colliers News Real estate project 'follows' the metro www.diendandoanhnghiep.vn In 2022, if the case of the Covid-19 pandemic continues to be well controlled, without causing significant negative impacts, the market will continue to recover strongly. At that time, it is likely that many investors will find ways to "take advantage", trying to find the right project to invest as quickly as possible because they believe that a new growth cycle will start, investors need to "spend" before the price gets too high. This may be the condition for "land fever" in some areas to occur, but there are reasons to believe that this phenomenon will not occur on a large scale.
Mr. David M. Jackson Chief Executive Officer | Colliers Vietnam
IFC increases its funding for renewable energy projects in Vietnam www.vietnaminsider.vn As Vietnam accelerates efforts to transition to low-carbon growth, the International Finance Corporation (IFC) is providing a US$70 million loan to Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank)—one of the country’s leading banks in climate finance—to increase its funding for renewable energy projects in the country.
IFC increases its funding for renewable energy projects in Vietnam
Cross-border e-commerce: Bringing Vietnamese goods to international consumers www.bizhub.vn In the context of the COVID-19 pandemic, cross-border e-commerce channel is opening a 'green stream' to bring Vietnamese goods to the world, unlocking the potential of a new sales channel in international trade and contributing to development of the Vietnamese digital economy. Cross-border e-commerce is becoming a good solution for export businesses to maintain business operations and develop sustainably. It is also a new opportunity to help e-commerce models gradually associate with import and export activities, becoming a new export channel, supplementing traditional export channels and expanding the customer base. Not missing this trend, the Government issued Decision No 645/QD-TTg dated May 15 last year, approving the National E-commerce Development Master Plan for 2021-2025. Following the successful pilot export of Bac Giang lychees through the cross-border e-commerce channel co-operated by the Viet Nam E-commerce and Digital Economy Agency (iDEA), iDEA held a press conference to announce the programme "Viet Nam National Pavilion" on the Chinese JD.com e-commerce platform at the end of last month.
colliers.com/en-vn
Daily Real Estate News Highlights Top 5 -Daily Updated Real Estate News Colliers Vietnam's Real Estate Highlights is the daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market.
Colliers News Demand for domestic cold storage continues to be pushed up www.baodautu.vn Citing research from Emergen Research, a market consulting firm, David Jackson, CEO of Colliers Vietnam, said that the average growth rate of global cold storage construction by 2027 was estimated at 13.8% per year, and a market value was up to USD 18.6 bil. However, even with such a high growth rate, the cold storage supply would find it difficult to meet the demand for fresh food of the rapidly growing middle class, including in Vietnam.
Mr. David M. Jackson Chief Executive Officer | Colliers Vietnam
Chile aspires to cooperate with Vietnam on renewable energy www.vov.vn Chile, the second country in the world in terms of having most electric vehicles, desires to co-operate with the nation in the field of renewable energy, an area where it is very advanced with wind energy, solar energy, and green hydrogen. Both sides officially established diplomatic relations on March 25, 1971, and Chile became the second country in the Western hemisphere to officially recognise and establish full diplomatic ties with the Democratic Republic of Vietnam, now the Socialist Republic of Vietnam.
Chilean Ambassador Patricio Becker pays a visit to VOV headquarters and meets with VOV President Do Tien Sy.
Vietnam’s exports to EU forecast to grow further in 2022 www.vietnamplus.vn Vietnam's goods exports to the European Union (EU) market are expected to get brighter than in 2021 as Vietnamese businesses are better taking advantage of incentives of the EU-Vietnam Free Trade Agreement (EVFTA), according to trade experts. In particular, the Vietnam - EU economic and trade ties with a solid foundation from the EVFTA will enjoy many promising opportunities after the pandemic, thus bringing practical benefits to the business communities of both sides. Thee EVFTA officially became effective on August 1, 2020, marking an important milestone during 30 years of cooperation and development between the two sides. According to trade experts, in the context that the COVID-19 pandemic has negatively affected all trade and investment activities of the world as well as Vietnam, the implementation of the EVFTA is of significance to help offset the economic downturn and bring more diversified market opportunities for businesses and create post-pandemic growth momentum.
colliers.com/en-vn
Daily Real Estate News Highlights Top 5 -Daily Updated Real Estate News Colliers Vietnam’s Real Estate Highlights is the daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market.
Colliers News Real estate warms up thanks to the F0 wave www.baodautu.vn According to experts of Colliers Vietnam, there are investors who earn profits from stocks, gold, etc. and then they become F0 investors in real estate. They entered the market when it was "hot", and quite a few of them won. In fact, the group of F0 investors is also the cause of the phenomenon of land "fever" taking place in many places. According to Ms. Kim Ngoc, Head of Appraisal & Consulting (Colliers Vietnam), the land fever does not exclude the possibility that speculators and brokers take advantage of information on planning to exploit the crowd effect, causing price disturbances and creating waves to increase land prices.
Colliers Vietnam: According to experts of Colliers Vietnam, there are investors who earn profits from stocks, gold, etc. and then they become F0 investors in real estate
World Bank loan to support Vietnam’s economic recovery www.vir.vn The government of Vietnam and the World Bank has just signed an agreement for the financing of $221.5 million to support Vietnam’s recovery from the COVID-19 pandemic through policy reforms aimed at improving financial inclusion and spurring greater environmental resilience in the form of concessional terms for a period of 30 years with a grace period of five years. It encourages policy reforms under two pillars.
The World Bank loan has a period of 30 years
Vietnam’s economy sailing through COVID-19 storm www.vietnamplus.vn Vietnam has fulfilled a number of economic targets this year despite impacts of the COVID-19 pandemic, becoming one of the top 20 economies in the world in terms of international trade. The country’s GDP grew 2 percent, while its foreign trade value surpassed 660 billion USD, up 21 percent, with a trade surplus of about 2.1 billion USD. Notably, foreign direct investment (FDI) poured into the country hit over 29 billion USD, up nearly 500 million USD from last year. Despite The fourth wave of pandemic outbreaks, the country’s socio-economic development has bounced back since October, as informed by Prime Minister Pham Minh Chinh at the Country Strategy Dialogue on Vietnam 2021 held at the end of the month. Given the emergence of the Omicron variant that would greatly threaten the economy of Vietnam and the world, experts suggested that Vietnam should kick off its economic recovery programme early, and deal with limitations of the previous support packages in order to reach the economic growth target of 6-6.5 percent in 2022 as set by the legislature.
colliers.com/en-vn
Daily Real Estate News Highlights Top 5 - Daily Updated Real Estate News Colliers Vietnam's Real Estate Highlights is the daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market.
Colliers News Ba Ria-Vung Tau is on its way to becoming the new center of industrial real estate in the South www.saigoneconomy.vn According to Colliers Vietnam, Ba Ria - Vung Tau belongs to the southern key economic region, only about 100 km from Ho Chi Minh City and close to the dynamic industrial centers of Binh Duong and Dong Nai. Currently, Ba Ria - Vung Tau has a great advantage with Cai Mep deep-water port capable of receiving 1.8 million TEUs per year (belonging to the group of 20 largest deep-water ports in the world). When Bien Hoa - Vung Tau expressway and Long Thanh airport are completed in the future, Ba Ria - Vung Tau will have a very significant competitive fee for logistics.
Mr. David M. Jackson Chief Executive Officer | Colliers Vietnam
Vietnam-Japan joint venture develops Binh Duong New City www.vietnamplus.net Becamex Tokyu Co. Ltd, a joint venture between Vietnam’s Becamex IDC Corp and Japan’s Tokyu Corporation, began construction of the first shopping centre named Sora Gardens SC in Binh Duong New City in the southern province of Binh Duong on December 28. The shopping centre sprawls over 5,000 sq.m in Hoa Phu ward, Thu Dau Mot city at the gateway to Binh Duong New City. Apart from facilities such as retail space, restaurants and a cinema, the centre is also chosen by Japan’s supermarket chain AEON to launch the first Compact General Merchandise Store model in Vietnam.
Customers at a Uniqlo store in Hanoi, March 2020
Exports set to exceed target in 2021 www.vietnamnews.vn Despite a negative impact caused by the COVID-19 pandemic, the country's exports have scored a success this year with 11-month export revenues reaching approximately US$300 billion. The figures are expected to top $335 billion by year-end, representing a sharp rise of 18.6 per cent year-on-year and surpassing the target of 4 to 5 per cent set for 2021 Total trade turnover is estimated at $667.5 billion, up 22.4 per cent compared with 2020. Experts believe the steady growth in exports can be attributed to favourable conditions created by free trade agreements (FTA) and national efforts to hold ground in its traditional export markets such as the United States, China, the European Union and ASEAN. Despite bright spots in the overall picture, it is undeniable that the COVID-19 pandemic has been posing real threats to the export sector, including supply chain disruption and price volatile fluctuation. To keep these threats at bay, local firms need to pay closer attention to risk management and trade remedy cases to proactively respond.
colliers.com/en-vn
Daily Real Estate News Highlights Top 5 -Daily Updated Real Estate News Colliers Vietnam’s Real Estate Highlights is the daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market.
Colliers News Foreign experts forecast the real estate market in 2022 www.zingnews.vn Mr. David Jackson affirmed that the strong interest of investors in real estate was certain to happen in the near future; however, the market still depended on the needs of buyers, so he believed that property owners would make appropriate price adjustments. “Besides, functional agencies and local governments are also strengthening measures to manage the real estate market with careful preparation. Therefore, if the land fevers appear, it will also be rectified quickly,” added Mr. David Jackson.
Mr. David M. Jackson Chief Executive Officer | Colliers Vietnam
FDI inflows in 2021 up 9 per cent, surpassing $31 billion www.vir.vn Despite the pandemic, total foreign direct investment (FDI) inflows in 2021 reached about $31.15 billion, an increase of 9.2 per cent on-year. A slight decline in share purchases almost countered increases in the other two categories, with total FDI inflows up 9.2 per cent on-year. However, capital disbursement was down slightly 1.2 per cent on-year to $19.74 billion. Singapore led the 106 countries and territories investing in Vietnam in 2021 with a total investment capital of nearly $10.7 billion, followed by South Korea ($5 billion) and Japan ($3.9 billion).
FDI inflows 2021 raising by 9 per cent surpass $31 billion.
Vietnam’s agro-forestry-fishery exports reach all-time high amid pandemic www.tuoitrenews.vn Vietnam’s value of agro-forestry-fishery exports hit a historic high of US$48.6 billion in 2021 despite the negative impacts of the COVID-19 pandemic. Vietnam’s exports of agricultural, forestry, and fishery products reached an all-time high of $48.6 billion this year, up 14.9 percent against 2020. The agricultural sector achieved a growth rate of 2.85-2.9 percent, while about 68 percent of communes in the country have been qualified as modern rural areas. The production, transportation, processing, and distribution of agricultural products across the country were disrupted when the pandemic peaked in southern localities in this year’s third quarter, according to Minister of Agriculture and Rural Development Le Minh Hoan. In 2022, the agricultural sector will focus on restructuring to increase value added, maintain sustainable development, transform growth projects, and develop advanced farming models, the minister said. The sector will strive to achieve $49 billion worth of export turnover and a growth rate of 2.8-2.9 percent next year.
colliers.com/en-vn
Daily Real Estate News Highlights Top 5 -Daily Updated Real Estate News Colliers Vietnam’s Real Estate Highlights is the daily news summary which features the latest updates on the Residence, Serviced Apartment, Office, Retail, and Industry Real Estate market.
Colliers News Apartment segment in Ho Chi Minh City: The "golden" time to welcome the investment wave? www.baodautu.vn In the last months of the year, the real estate market in Ho Chi Minh City witnessed a flash of sales in some projects due to the compression of demand after many months of no trading in the market. Besides, the instability from other investment channels made the cash flow into real estate for long-term storage increase sharply. Mr. David Jackson, CEO of Colliers Vietnam, forecasted that house prices are expected to maintain an average increase of 3-7% in 2022 in all segments.
Mr. David M. Jackson Chief Executive Officer | Colliers Vietnam
Russia presents 100,000 Sputnik Light doses to Vietnam www.thesaigontimes.vn The Ministry of Health yesterday, December 29, received 100,000 doses of the Sputnik Light Covid-19 vaccine donated by Russia to support the Covid fight in Vietnam. In response, Deputy Minister Thuan said the Health Ministry expected the Sputnik Light vaccine would soon be authorized for emergency use in Vietnam. The ministry will effectively use the donated doses.
The ceremony to hand over Russia’s 100,000 doses of the Sputnik Light Covid-19 vaccine to Vietnam.
Vietnam’s agro-forestry-fishery exports reach all-time high amid pandemic www.tuoitrenews.vn Vietnam enjoyed a trade surplus of 4 billion USD in 2021, marking the 6th consecutive year in a row the country's export turnover is higher than its import revenue, General Director of the General Statistics Office (GSO) Nguyen Thi Huong said on December 29. This year, Vietnam’s total foreign trade turnover hit 668.5 billion USD, up 22.6 percent year-on-year, of which exports reached 336.25 billion USD, up 19 percent, and imports earned 332.25 billion USD, up 26.5 percent, Huong said at a press conference announcing socio-economic figures in the fourth quarter and the whole year. In order to support businesses and promote exports in 2022, Minister of Industry and Trade Nguyen Hong Dien said that the ministry has been focusing on solutions to strengthen and expand export markets, and paying attention to implementing free trade agreements (FTAs) to effectively bring into full play their preferences and make the most of opportunities and minimise challenges.
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