vietnam-news-highlights---october-2021

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VIETNAM NEWS HIGHLIGHTS - OCTOBER 2021

The lifting of Covid-19 related restrictions has been carefully made in most cities in Vietnam to resume their economic growth from October 2021 onwards.

1. Vietnam Business Operations and the Coronavirus: Updates

Vietnam Briefing

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

2. Hanoi set to become Vietnam’s major transit hub in 2030 railway planning

Hanoi Times

Hanoi and Ho Chi Minh City are projected to be the main transit hubs in Vietnam’s railway planning for the 2021-2030 period, which targets to build nine new railway routes with a total length of 2,362 kilometers.

3. What to know about new policy on Tax Incentives for ‘Supporting industries’ in Vietnam

Vietnam Insider

The provisions of a recent Vietnamese government decree on tax incentives are intended to remove some of the obstacles to eligibility for businesses engaged in the manufacture of prioritized supporting industry products. Valerie Teo and Nguyen Tan Tai of Grant Thornton Vietnam explain the new measures.

4. VN-Index makes biggest gain in over 3 months

The Saigon Times

HCMC – Investor confidence in the economic recovery plan today, October 27, helped the benchmark VN-Index of the HCMC market make its largest gain in more than three months.

5. Work on key infrastructure, energy projects worth $12.5 billion starts in northern Vietnam

Tuoi Tre News

Authorities in Vietnam's Quang Ninh Province launched groundbreaking ceremonies for four key infrastructure and energy projects worth about US$12.5 billion on Sunday.

6. Vietnam trade to climb to new peak

VNExpress

Vietnam’s trade could reach a record high of $600 billion in 2021, the Ministry of Industry and Trade has said.

7. Vietnam receives over 2.6 million doses of Pfizer vaccine donated by the US

Nhan Dan

NDO – An additional 2,633,670 doses of Pfizer vaccine donated by the US through the COVAX mechanism have arrived in Vietnam to help the country with the fight against the COVID-19 pandemic, according to the US Diplomatic Mission to Vietnam.

8. Vietnam remains attractive investment destination: Report

Vietnam Investment Review

Vietnam is still seen as an attractive destination and the problems of 2021 do not mean that foreign investors will turn away, according to a recent report by Singapore Institute of International Affairs (SIIA).

9. Vietnam among top 10 largest suppliers of goods to EU market

Dan Tri

Vietnam is among the top 10 largest suppliers of goods to the EU market, with last year's two-way trade reaching EUR43.2 billion.

10. WB: Vietnam’s economy could converge toward pre-pandemic rate from 2022 onward

VCCI News

Vietnam’s GDP is expected to expand by about 4.8% in 2021, and the economy could converge toward the pre-pandemic GDP growth rate of 6.5 to 7% from 2022 onward, the World Bank has forecast.

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?

NEWS HIGHLIGHT - SEPTEMBER 2020

Việt Nam hopes to attract more capital from South Korea

In the next one to two years, the two countries can fully realise the "Dual Goals", which aims at the the milestone of US$100 billion in bilateral trade turnover and total accumulated investment.

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.

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.

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