HCMC to see soaring office demand in next four years As Southeast Asian economies expand, office demand, particularly from technology, e-commerce, and co-working space companies, is expected to rise by an estimated 6 per cent annually between 2018 and 2021, with Ho Chi Minh City seeing a rate of 10 per cent in the period, according to JLL Vietnam. As at the end of the second quarter of 2018, total stock in Ho Chi Minh City’s office market increased to 1,945,000 sq m, with overall Grade A and B occupancy rates standing at a high of above 95 per cent. The overall rental rate is expected to continue its upwards trend with support from healthy demand and increased quality in future supply. A large volume of high-quality Grade B supply is also projected to be completed by 2020 and will likely put pressure on Grade A in the future, especially long-standing Grade A projects with deteriorating construction quality. In Hanoi, demand for Grade A and B office space in 2018-2019 … [Read more...] about BUSINESS NEWS IN BRIEF 28/9
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Richard R. C. Shih speaking at Taiwan Excellence 2018 In the 4.0 era, how important are smart technology applications in our day-to-day lives? Are these applications suitable for use in Vietnam? We have various emerging technologies that impact our lives in different ways today. Take smart technology for example, it makes use of artificial intelligence (AI) to enable a level of cognitive awareness. The technology employs machine learning and Big Data analysis to perform functions that have traditionally been done by humans. This boosts the efficiency, productivity, and functionality of almost anything it is applied to, hence creating a smarter and more comfortable life for us. Vietnam is both qualified and motivated to take the lead in the Fourth Industrial Revolution. Smart applications can be applied in various fields in Vietnam, ranging from manufacturing and healthcare to education or home appliances. It also attracts great attention from users in Vietnam. In Vietnam, real … [Read more...] about How does technology make lives faster and easier?
Vietnam firms join Tamil Nadu food expo in India Seven Vietnamese enterprises are showcasing their products at Vibrant Tamil Nadu - Global Expo & Summit 2018 in the Indian state of Tamil Nadu, which runs from August 12-15. The food and beverage expo also features nearly 200 Indian firms and representatives from 29 other nations. Several workshops on food, processed food and beverages and measures to boost the sector’s development have been held at the event, along with meetings between participating firms and state authorities. The Vietnamese enterprises discussed the possibility of signing some memoranda of understanding on cooperation in food production and processing and on investment in industrial zones with Indian partners. Bui Trung Thuong, Chief of the Vietnam Trade Office in India, briefed Indian partners on Vietnam-India economic and trade ties, the prospects of the Vietnamese food sector and opportunities for the two countries’ businesses. India ranks 27th … [Read more...] about BUSINESS NEWS IN BRIEF 16/8
National Assembly Chairwoman Nguyen Thi Kim Ngan (R) receives Kamal Malhotra, UN Resident Coordinator UNDP's Resident Representative in Vietnam (Photo: VNA) Hanoi (VNA) – National Assembly (NA) Chairwoman Nguyen Thi Kim Ngan hosted a reception in Hanoi on August 15 for Kamal Malhotra, UN Resident Coordinator and UN Development Programme (UNDP)’s Resident Representative; and Youssouf Adbel-Jelil, the UN Children Fund’s (UNICEF)’s Representative for Vietnam. The top legislator hailed the support of the UN and UNDP for socio-economic development in Vietnam, as well as the contributions of UNICEF to the sustainable growth and the protection of children’s rights in the country. Kamal Malhotra congratulated Vietnam on being the first country in Asia and second in the world to ratify the UN Convention on the Rights of the Child (in 1990). Since then, the NA and relevant agencies of Vietnam have exerted various efforts to protect and take care of children. … [Read more...] about NA leader receives UNDP, UNICEF representatives
Walking out of a hairdressing salon on Dao Tan Street in Hanoi, 24-year-old Ms. Ngoc Linh felt quite pleased with her new curly blonde hair, despite the VND1.5 million ($65) price tag. This was the third time in the month of April she had spent money on hair care, which she would never have done two years ago. “Japanese technology and hair care products are suitable for my hair, so I’m happy to spend money on it,” she said happily. “Everything feels better.” Potential for foreign brands Vietnamese are definitely spending more on hair care. Recording healthy growth annually, Vietnam’s cosmetics industry holds great promise for foreign firms seeking to expand overseas, according to Nielsen Vietnam. While nominal growth in total personal care in traditional trade increased 1.5 per cent in 2017, compared to 5.2 per cent in 2016, the personal care category saw a boom in terms of modern trade channels, up 9.2 per cent across modern … [Read more...] about Local beauty care brands must change to compete