vietnam-news-highlights---july-2021

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VIETNAM NEWS HIGHLIGHTS - JULY 2021

The fourth wave of COVID-19 in Vietnam is longer and much more serious than previous ones said Nguyễn Thanh Long - Vietnam's Health Minister. Many cities in Vietnam have imposed 15 days of social distancing measures under the strict Directive 16 of Vietnam's Prime Minister.

1. Vietnam Business Operations and the Coronavirus: Updates

Vietnam Briefing

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

2. IMF maintains Vietnam GDP forecast at 6.5% in 2021

Hanoi Times

Vietnam remains on track to be the fastest-growing economy in Southeast Asia.

3. Vietnam will be studying and trialing the use of digital currency

Vietnam Insider

The State Bank of Vietnam will be in charge of studying and trialing the use of virtual money from this year until 2023 as part of key objects in mastering core technologies, according to a government decision.

4. Vietnam signs contract of third PPP section of North-South Expressway

Vietnam Investment Review

The Ministry of Transport, DeoCa Group, and a consortium of investors on July 30 signed a build-operate-transfer (BOT) contract for the Cam Lam-Vinh Hao section of the Eastern Cluster of the North-South Expressway.

5. New parliament re-elects PM Pham Minh Chinh

VNExpress

Pham Minh Chinh has been re-elected Vietnam’s prime minister for the 2021-2026 term by the newly-formed legislative National Assembly (NA).

Pham Minh Chi sworn in as Vietnam's Prime Minister - Photo: VTV

6. Germany says to provide Vietnam with 113.5 million euros in ODA

The Saigon Times

HCMC - The German Government has pledged to provide Vietnam with a total of over 113.5 million euros in official development assistance (ODA), including 50 million euros in ODA loans and another 63.559 million euros in non-refundable aid for 14 technical assistance and investment projects in the country this year.

7. Vietnam named first time among world’s top 20 host economies for FDI

Hanoi Times

Vietnam for the first time was named 19th among the world’s top 20 host economies for foreign direct investment (FDI) in 2020 with an inflow of $16 billion, an improvement of five places against last year’s ranking, according to the UN Conference on Trade and Development (UNCTAD).

8. Vietnam, EU review bilateral trade deal implementation

Vietnam Investment Review

Minister of Industry and Trade Nguyen Hong Dien and European Commission Vice-President and EU trade commissioner Valdis Dombrovskis have co-chaired the first meeting of the EU-Vietnam Free Trade Agreement (EVFTA)'s Trade Committee.

9. Seaport double H1 profits despite pandemic

VNExpress

Seaports earned pre-tax profits of over VND1 trillion ($42.9 million) in the first half of the year, double that of the same period in 2020.

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OVERVIEW OF THE OFFICE MARKET IN Q1/2024

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.

VIETNAM OFFICE MARKET OVERVIEW 2023

Highlights of the office market in 2023

Why should Startups consider starting with a serviced office instead of a traditional one?

Unlike traditional office spaces, a serviced office is usually divided into smaller private offices leased out to different individuals and businesses, so the serviced office is like a mixture of a traditional office and co-working space, where you can benefit both community and privacy.

Serviced Office Global Market Report 2022

The global serviced office market is expected grow from $27.83 billion in 2021 to $33.30 billion in 2022 at a compound annual growth rate (CAGR) of 19.7%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $64.06 billion in 2026 at a CAGR of 17.8%.

VIETNAM NEWS HIGHLIGHTS - JANUARY 2022

GDP of Vietnam is expected to rebound to 5.5 percent growth in 2022 in a scenario where the pandemic is under relative control both at home and abroad. The rebound of the economy will be supported by a more accommodating fiscal policy, at least in the first part of 2022.

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