vietnam-news-highlights---december-2021

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VIETNAM NEWS HIGHLIGHTS - DECEMBER 2021

By Bloomberg, Vietnam’s economic growth accelerated in the fourth quarter as manufacturing revived and exports extended their recovery from the pandemic slump earlier this year.

1. Vietnam Business Operations and the Coronavirus: Updates

Vietnam Briefing

This article will be updated as further developments in Vietnam become available.

2. Vietnam’s PM approves $209mn S.Korea-funded expressway project in southern province

Tuoi Tre News

A 26km thruway project funded by a South Korean loan of over US$209 million has been approved by Vietnamese Prime Minister Pham Minh Chinh for development in the Mekong Delta province of Dong Thap for five years.

This map shows a 26-kilometer expressway, positioned between the two yellow stars, that will be constructed to connect My An Town and Cao Lanh City in Dong Thap Province, part of the Mekong Delta region in Vietnam. Photo: My Thuan Project Management Board

3. Trade rises to new high

VNExpress

Foreign trade surged 22.6 percent in 2021 to a new high of $668.5 billion despite the supply chain disruptions caused by Covid-19.

4. Samsung to invest additional 850 mln USD in Vietnamese subsidiary

Nhan Dan

Electronics giant Samsung of the Republic of Korea’s recent board meeting has approved the spending of some 850 million USD for its unit in Vietnam to manufacture flip-chip ball grid arrays (FC-BGA), according to KBS News.

5. Quang Tri to develop first airport under the PPP model

Vietnam Investment Review

Quang Tri will develop its very first airport with a total investment capital of VND5.82 trillion ($253 million) under the public-private partnership (PPP) model.

The design of the upcoming Quang Tri airport

6. WB remains positive on Vietnamese GDP growth target for next year

Dtinews

The nation’s target of recording GDP growth of between 6% and 6.5% next year is entirely feasible, providing it can effectively control COVID-19 and ensure supply-demand balance, according to Jacques Morisset, lead economist and programme leader for the World Bank (WB) in Vietnam.

7. Foreign investment up over 9% this year

The Saigon Times

HCMC – Vietnam had attracted some US$31.2 billion in foreign investment in the year to December 20, up 9.2% year-on-year, according to the Foreign Investment Agency under the Ministry of Planning and Investment.

8. Gov’t Sets Growth Target of at least 6% for 2022

VCCI

The Government sets a growth target of 6-6.5 percent next year, according to a report presented by Prime Minister Pham Minh Chinh at the opening ceremony of the National Assembly’s second sitting this morning.Prime Minister Pham Minh Chinh presents a report at the opening ceremony of the second sitting of the 15th National Assembly, Ha Noi, October 20, 2021. Photo: VGP

9. E-commerce giant Amazon aims to expand in Vietnam

Vietnam Insider

E-commerce giant to promote shipping service under scrutiny elsewhere.

10. Vietnam - a major driver of global trade growth by 2030

Hanoi Times

The country benefits from strengthening international integration through multiple free trade agreements.

news relative

What the return to the office will look like

Now, companies all around the world are planning to bring more workers back to the office. One survey of 350 business leaders by staffing firm LaSalle Network found that 70% plan to have employees back in the office in some capacity by the fall of this year.

Virtual Office vs. Shared Office – Which is best for your workspace needs?

A large number of organizations, especially entrepreneurs and small business owners in Vietnam are now looking for workspace options with great flexibility but still minimizing their operation costs, and as a result, virtual and shared offices have incredibly increased in popularity. Both two types of offices can save your business the cost and hassle of setting up an office from scratch, but do you know which one is best for you?

HCM City’s office space market rebounds strongly

Office space for lease in Ho Chi Minh City in the first half of 2022 continued to make a recovery with a total net absorption area of about 21,000 sq.m, equivalent to 38% of 2021, although the new supply remained limited, according to real estate firm CBRE.

OVERVIEW OF THE OFFICE MARKET IN Q1/2024

VIETNAM REAL ESTATE INVESMENT MARKET OVERVIEW AND OUTLOOK Q2.2023

Stable rental prices were observed in the office market of Ho Chi Minh in Q2 2023.However, the occupancy rate slightly decreased compared to the previous quarter, with Grade A offices reaching 92% and Grade B offices achieving 75%. Additionally, the average rental prices remained relatively unchanged, with Grade A offices ranging from 41-67 USD/sqm/month and Grade B offices around 36 USD/sqm/month. New projects entering the market in outer CBD areas showed a promising occupancy rate of approximately 20-25%. Furthermore, investor are actively seeking tenants, and it is expected that the occupancy rate will increase in the near future.

What Does “Hybrid Work” Really Mean?

Use the right hybrid work tools The best way to support employees in a hybrid work model is to offer them the right tools. By understanding that each person works differently, hybrid managers have a better chance to avoid a toxic productivity environment and improve employees’ mental health when they work from home. For example, managers can run a survey asking for peoples’ preferred working-hours. Another challenge in hybrid work is decision-making. A project can go badly if employees working from home are not considered in the process. Having a transparent way to communicate across departments can improve team accountability. After all, the main goal is to help people to stay motivated and focused at work.

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