VIETNAM NEWS HIGHLIGHTS - NOVEMBER 2021

The Vietnamese economy is actively recovering with a rebound in industrial production and retail sales, continued trade surplus and stabilized credit growth, a World Bank (WB) update says.


1. Vietnam Business Operations and the Coronavirus: Updates

Vietnam Briefing

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

2. Standard Chartered pledges US$8 billion investment for sustainable development in Vietnam

Hanoi Times

Vietnam is trying its best to enhance climate resilience and promote green development for sustainability and long-term stability.

3. Vietnam stock market hit a fresh record high

Vietnam Insider

Vietnam’s benchmark stock market index (VN-Index) hit a fresh record high on Thursday, topping the 1,500 point mark for the first time and defying a slump across most other Asian equity markets.

4. Vietnam welcomes back first international tourists

The Saigon Times

HCMC – A Vietnam Airlines flight carrying the first foreign tourists to visit Vietnam after an 18-month suspension of the international tourism segment landed at the Danang International Airport in Danang today, November 18.Vietnam receives the first international tourists after the country reopened its economy – PHOTO: VIETNAM AIRLINES5. Vietnam, Japan issue joint statement, ink 11 deals during PM Pham Minh Chinh’s visit

Tuoi Tre News

Vietnam and Japan have announced a joint statement and signed 11 cooperative agreements during the four-day visit by Vietnamese Prime Minister Pham Minh Chinh and his entourage to the East Asian country starting Monday.Vietnam’s Prime Minister Pham Minh Chinh (L) and his Japanese counterpart Fumio Kishida are seen at an event during PM Chinh’s four-day visit to Japan starting November 22, 2021. Photo: Vietnam News Agency 6. $77-mln industrial park to be built under Vietnam-South Korea economic program

VNExpress

A VND1.78-trillion ($77.4 million) industrial park will be built under a cooperation program promoted by South Korea in the northern province of Hung Yen. 

7. Vietnam to be fastest-growing e-commerce market in Southeast Asia by 2026: Report

Nhan Dan

NDO/VNA – Vietnam is expected to be the fastest-growing e-commerce market in Southeast Asia by 2026, with e-commerce Gross Merchandise Value (GMV) reaching 56 billion USD by 2026, 4.5 times the estimated value of 2021, according to a report by Facebook and Bain & Company.

8. Metro era finally begins for Vietnam

Vietnam Investment Review

While the opening of Vietnam’s first metro line starts a new era for urban public transport, local authorities and developers will hope to learn lessons from the painful and costly delays.

The Ha Dong-Cat Linh line in Hanoi is set to be the first of several to be developed this decade, Photo: Le Toan 9. First mobile network providers allowed to pilot mobile money service

Dan Tri

The State Bank of Viet Nam has allowed two mobile network providers to pilot mobile money service in a bid to reduce the use of cash nationwide.

10. Nikkei Asia: Viet Nam leads rapid recovery in Southeast Asian supply chains

VCCI News

Viet Nam in particular is seeing a rapid return to normality as the country has eased restrictions. About 200 factories in the country contracted to make sportswear for Nike have resumed operations, according to a recent article on Nikkei Asia. 


news relative
HCMC office market set to become tenant-favorable in 2023
Ho Chi Minh City’s office market is likely to witness a transition from a landlord-favorable to a tenant-favorable sector in the new year, according to data released Friday by Knight Frank Vietnam. Capping off a year that proved solid for landlords, this fourth quarter saw moderate year-on-year rent increases for Grade A landlords to the tune of 2.6%, and a positive net absorption mostly coming from the Saigon South sub-market in HCMC, Vietnam’s largest economic hub, according to the real estate firm.
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.
Việt Nam's economic growth forecast at 7.5 per cent in 2022
Việt Nam’s GDP growth is forecast to surge from an estimated 2.6 per cent in 2021 to 7.5 per cent in 2022, with resilient manufacturing and a robust rebound in services serving as the driving forces for economic recovery.
Why Are Offices Still Important in the Digital Age?
New technologies are changing the way companies work and compete with each other. Technology is not only affecting how companies work but have made an impact in working spaces too. In the past three years, we have seen growing trends of open workspaces and even virtual offices. Although the concepts of virtual offices and open workspaces have some merits and may cater to the needs of working, the traditional concept of ‘the office’ retains many of its benefits
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.
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