Cbre vietnam report

An additional 3,295 more Covid-19 infections were confirmed in Vietnam on Thursday, raising the country's total tally to over 11 million, according to the Ministry of Health. People wait for Covid-19 vaccination in HCM City According to the ministry's report, the national caseload has so far increased to 11,376,571. On August 18, an additional 8,877 more patients recovered from the disease, raising the number of recoveries in the country to over 10.04 million. On Thursday evening, no deaths from Covid-19 were recorded, the country's total fatalities stayed at 43,103, accounting for 0.4 per cent of total infections. By August 18, the country had injected more than 252 million doses of Covid-19 vaccines. Vietnam has not yet drafted plans to give Covid-19 vaccines to children under five years old. The country is targeting the completion of Covid-19 inoculation for children aged between 5 - 11 in August, as well as the administration of the third shot for … [Read more...] about Vietnam reports additional 3,295 new Covid-19 cases on Thursday

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

Health workers perform COVID-19 testing. (Photo: VNA) Hanoi (VNA) – Vietnam has detected a number of new, highly-contagious Omicron sub-variants, including BA.2.74, said the General Department of Preventive Medicine on August 17. The department also corrected its August 15 report which mistakenly mentioned BA.2.75 among sub-variants circulating in Vietnam. It is BA.2.74, not BA.2.74 , it said in the latest statement, adding that the first case of BA.2.74 was reported in the Hanoi-based Bach Mai Hospital on August 8. Other Omicron sub-variants found in the country are BA.4, BA.5, and BA.2.12.1, according to the department. The Ministry of Health (MoH) has warned of a spike in the number of new COVID-19 infections as well as critical cases. Over the past week, Vietnam has recorded an average of 2,000 new COVID-19 cases each day. More than 100 seriously ill COVID-19 patients are being treated at hospitals. The General Department of Preventive Medicine has … [Read more...] about Vietnam detects highly-infectious BA.2.74 Omicron sub-variant

Seoul – An international seminar on trend of investment in Vietnam in the new normal context took place in Seoul on August 18, with over 150 Korean investors and enterprises in different areas taking part. CEO of Anam Electronics speaks at the event (Photo: VNA) The event was co-hosted by the Vietnam Viglacera Corporation, the Vietnamese Embassy in the RoK, the Vietnamese Ministry of Planning and Investment’s Foreign Investment Agency, the Industrial Bank of Korea (IBK) and the Bae, Kim & Lee LLC, on the occasion of the 30th anniversary of Vietnam – RoK diplomatic ties. It was one of the first investment promotion seminars held in the RoK following the COVID-19 pandemic. Speaking at the event, Vietnamese Ambassador to the RoK Nguyen Vu Tung stressed the country as the biggest FDI partner to Vietnam with nearly 10,000 projects worth 80 billion USD. Two-way trade hit 78.1 billion USD in 2021 and is likely to reach 90 billion USD. The Embassy commits to standing … [Read more...] about RoK seminar on investment in Vietnam

Vietnam has reviewed greenhouse gas emissions since 2010. However, due to the lack of requirements for reporting and assessing results, the data on emission reduction has yet to be fully compiled. Illustrative image (Photo: VNA) A representative from the Ministry of Natural Resources and Environment’s Department of Climate Change said on August 18 that in the near future, emission reduction criteria will be measured, reported and considered in line with international regulations and then publicised, toward bringing gas emission to zero by 2050, thus making active and responsible contributions to protecting the world climate. In line with the United Nations Framework Convention on Climate Change (UNFCCC), Vietnam has conducted the work on national gas emissions in 2000, 2010, 2013, 2014 and 2016 in service of building national reports on climate change, which were sent to the Convention Secretariat. The results showed that Vietnam recorded 150.9 … [Read more...] about Vietnam reviews greenhouse gas emissions since 2010

About eight to ten storms and tropical depressions are forecast to appear in the East Vietnam Sea from now until February, the Vietnam News Agency quoted the National Center for Hydro-meteorological Forecasting (NCHF) as reporting. Among them, three to five will directly affect the Vietnamese mainland, according to Nguyen Van Huong, an official of the NCHF. In October and November, the rain volume in southern and central Vietnam will be higher than the average of previous years, with heavy downpours forecast to occur frequently, Huong continued. Southern provinces are expected to be dampened by unseasonal rains in the first few months of 2023. Meanwhile, temperatures in northern localities during the first months of this year’s winter will be lower than preceding years due to the influence of strong cold fronts. The cold snaps will result in waves as high as two to four meters along the coastal strip from northern Quang Ninh Province to southern Ca Mau Province. The … [Read more...] about Up to 5 storms to affect Vietnam’s mainland until early 2023