vietnam-news-highlights---june-2021

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VIETNAM NEWS HIGHLIGHTS - JUNE 2021.

Vietnam has progressively put in place a range of social distancing and movement restrictions since the fourth wave of COVID-19 struck, which will have long-term and inequitable impacts on its economy. However, in comparison with other countries in the region, Vietnam has been the least hit and is expected to be the fastest economy to recover.

1. Vietnam business operations and the coronavirus: Updates

Vietnam Briefing

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

2. FDI inflows remains spotlight of Vietnam's economy

Hanoi Times

The government has set up an FDI task force to support multinationals and foreign businesses grasping investment opportunities in Vietnam.

3. Apple partner to invest additional US$101 million in Vietnam

Hanoi Times

A number of Taiwanese investors are interested in investing in Vietnam.

4. VN-Index continuously sets new peaks, reaching 1400 points today.

Vietnam Insider

The stock market in the first session of the week on June 28 rebounded strongly, the VN-Index officially surpassed the "dream" mark of 1,400 points to the surprise of many investors.

5. Vietnam prepares to pilot vaccine passports

The Saigon Times

HCMC - The Ministry of Culture, Sports and Tourism is compiling a plan to receive international tourists holding vaccine passports to Phu Quoc Island, Kien Giang Province.

6. Vietnam offers best opportunities for European companies

Vietnam Investment Review

About 60 per cent of European companies working in ASEAN say Vietnam offers the best expansion opportunities in the region, according to a survey conducted by Standard Chartered Bank.

7. HCMC green-lights $29.8 bln public spending

VNExpress

The HCMC People’s Council has approved an outlay of VND687 trillion ($29.8 billion) for spending on transportation, flood prevention, the environment, and hospitals in 2021-25.

An Phu Intersection in Thu Duc City, HCMC, April 2021. Photo by VnExpress/Quynh Tran.8. Vietnam and Canada Trade: Leveraging the CPTPP

Vietnam Briefing

Vietnam-Canada trade relations reached almost US$9 billion in 2020, an all-time high, thanks in part to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) signed in 2018.

9. Vietnam’s Binh Dinh Industrial Zone: Opportunities for Foreign Investors

ASEAN Briefing

The local government in Vietnam’s Bin Dinh province approved the construction of an industrial zone in 2020. The industrial zone will be known as the Becamex Binh Dinh Industrial Zone Project.

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VIETNAM NEWS HIGHLIGHTS - AUGUST 2021

The Vietnamese Government is showing its drastic actions to implement its vaccine diplomacy policy for containing the Covid-19 pandemic to soon return to new normal life and recover the manufacturing nationwide.

Hanoi Grade A office rents to slightly rise in last months of 2022

Total new supply in Hanoi office market is estimated at 103,600 square meters in 2022.

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%.

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?

VIETNAM REAL ESTATE INVESTMENT MARKET OVERVIEW AND OUTLOOK 2022

The Covid-19 outbreak caused great disruptions to the Vietnam real estate market in the year 2020 to 2021. However, production and business activities have since gradually regained growth momentum, and the Government's policy to push socio-economic recovery and development has shown positive effects since the beginning of this year. In the first 9 months of 2022, Vietnam attracted about US$15.4 billion in foreign investment, up 16.2% over the same period last year. Real estate investment continues to rank second among sectors attracting the most foreign direct investment with over US$3.5 billion received, accounting for 18,7% of the total amount of investment. GDP in the first nine months of 2022 increased by 8.83% over the same period last year, the highest growth in the past decade. This shows that Vietnam is still among the markets with great potential for investment in the Asia Pacific region.

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