Ho Chi Minh City expects to have more urban management projects with Lyon City of France, Vice Chairman of the municipal People’s Committee Tran Vinh Tuyen told visiting member of the Council of Lyon City Max Vincent during a reception on September 12. Vice Chairman of the Ho Chi Minh municipal People’s Committee Tran Vinh Tuyen (R) receiving member of the Council of Lyon City of France Max Vincent Tuyen said the two cities share similarities for conducting joint work in urban development. Vincent, for his part, pledged to discuss mechanisms to effectively launch projects. Host and guest agreed that both sides should facilitate exchanges, trade and investment promotion in the near future. During the Pullutec festival slated for November in Lyon city, the two sides are due to discuss a bilateral cooperation program and sign an agreement on lighting Ho Chi Minh City Fine Art Museum. Since Lyon and Ho Chi Minh City signed their cooperation … [Read more...] about Ho Chi Minh City, France’s Lyon City partner in urban management
Acadian woods partners
Over US$34 billion set to pour into Vietnam’s real estate market this year
The credit quality of real estate firms is at a good level with financial leverage below 1.5x. During the first seven months of 2022, over VND420 trillion (US$18 billion) was pumped into the real estate market. The figure could be raised to VND800 trillion ($34 billion) by the end of the year in case of favorable conditions. Investors looking at a real estate project in Me Linh District, Hanoi. Photo: Pham Hung Economist Can Van Luc, a member of the National Financial and Monetary Advisory Council, shared the view at a real estate forum held on August 17, noting the figure is huge compared to total investment capital for the economy. According to Luc, while transaction activities have been subdued in recent months, this would pose a golden opportunity to restructure the market for more sustainable growth. “In the past, real estate was widely seen as the first option when people explore fields to invest in, and that is a huge risk to the economy,” Luc said. … [Read more...] about Over US$34 billion set to pour into Vietnam’s real estate market this year
[Vietnam-US relations] Agriculture – a prominent pillar in US-Vietnam trade: Marc Knapper
American agricultural products are available in many parts of Vietnam and some are becoming well-received in the country of 100 million people. Agriculture plays a prominent role in trade relations between the US and Vietnam, US Ambassador to Vietnam Marc Evans Knapper has said. US Ambassador to Vietnam Marc Evans Knapper at a press conference in Hanoi. Photo: NLD The ambassador shared the idea at the United Tastes of Food and Wine Reception held in Hanoi earlier this week in collaboration between the US Embassy, the California Milk Advisory Board, and the Nebraska Department of Agriculture. To boost the market share of American agricultural products in the Southeast Asian country, relevant agencies are working for further availability. “We are looking for ways to expand US agricultural imports into Vietnam,” Ambassador Knapper said. What Ambassador Knapper said might be true, based on the fact that American agricultural products are safe and … [Read more...] about [Vietnam-US relations] Agriculture – a prominent pillar in US-Vietnam trade: Marc Knapper
Vietnam, Kazakhstan foster multi-faceted cooperation
At the talks between Vietnamese Minister of Foreign Affairs Bui Thanh Son, and Deputy Prime Minister and Minister of Foreign Affairs of Kazakhstan Mukhtar Tileuberdi (Photo: VNA) Son viewed Tileuberdi’s Vietnam visit, which was made from August 17-18 on the occasion of the 30th founding anniversary of diplomatic ties, as momentum to strongly beef up traditional friendship and multi-faceted cooperation between the two countries. He welcomed the Kazakh delegation, which included representatives of Kazakh state management agencies in finance and investment who came to explore cooperation and business opportunities in the Southeast Asian nation. The minister suggested Kazakhstan support Vietnamese investors to operate in the market. For his part, Tileuberdi affirmed that Vietnam is a priority partner of Kazakhstan in the region, and that attaching importance to boosting the relationship is an important part of Kazakhstan’s foreign policy towards Asia-Pacific. He held that ample … [Read more...] about Vietnam, Kazakhstan foster multi-faceted cooperation
16th International Travel Expo of HCM City to open on September 8
This year's expo, with the theme “Growing Forward Together,” will take place at the Saigon Exhibition and Convention Center. It is expected to provide a great opportunity for Vietnamese travel agencies to recover and develop after the COVID-19 pandemic while connecting them with international partners and customers. 1,500 international delegates from travel agencies and brands, airlines, hotels, and resorts both at home and abroad have registered to attend the expo. Currently, the expo has 260 registered booths, and 210 among them are from foreign countries. The organizers have invited 160 international partners from 18 countries and territories such as the U.S., Australia, the U.K., France, Germany, Italy, Russia, Romania, Poland, Japan, the Republic of Korea, India, Thailand, and Singapore to join this year’s event. Within the framework of the expo, there will also be a high-level conference on tourism development policy with the participation of representatives of … [Read more...] about 16th International Travel Expo of HCM City to open on September 8
Kusto Group diversifies its business in Vietnam
Yerkin Tatishev, founder and chairman of Kusto Group During your visit to Vietnam, you identified and reconfirmed the potential of the Vietnamese market. Could you please share your investment strategy and plan for the coming years? Over the past 10 years, we have invested in different industries in Vietnam from cement to logistics and real estate. During that time, we also gained a lot of experience. The business results of the projects are different but in general, they are positive. Through this process, we have also built strong foundations for development in Vietnam such as a network of partners, friends, and a deep understanding of the local market. The Vietnamese government is stepping up investment in infrastructure such as roads, airports and many others, in which private companies are actively participating. Investment in infrastructure will create a positive growth engine for Vietnam. The nation's infrastructure system is changing very quickly and I firmly … [Read more...] about Kusto Group diversifies its business in Vietnam