Cpi increases last 5 years

Land split into lots for sale. The real estate market was slowing down on the tightening of credit flow into certain segments.-VNA/VNS Photo In recent years, land prices increased rapidly despite the impact of the COVID-19 pandemic. According to a report by the Department of Housing and Real Estate Market Management under the Ministry of Construction, land prices, especially in localities planning or developing infrastructure saw whopping increases. The moves to control credit flow into the real estate sector and land lot split were cooling the market, with falling liquidity but prices staying at high levels. A report by real estate portal batdongsan.com.vn showed that searches for property on sale via the portal in the first five months of this year dropped by 11 per cent against the same period last year. Nguyen Quoc Anh, deputy director general of batdongsan.com.vn, said the market was slowing down significantly with interest in buying a property decreasing by 9 per … [Read more...] about Real estate market slowing down, experts divided on bubble risk

Capital Place, a Grade A office building (left) in Hanoi. Office real estate market will receive more Grade A office building projects due to increasing demand. (Photo baodautu.vn) Hanoi (VNS/VNA) - Office real estate is thriving, with new Grade A buildings entering the Hanoi market at the end of the year, according to Savills Vietnam. By the end of 2022, six new projects are expected. The only Grade A building will be Techcombank Tower on Quang Trung street. This project follows the opening of another international Grade A building , Capital Place . “Tenants can pick from a variety of new high-quality Grade A properties entering soon, mostly in Hoan Kiem, Ba Dinh and Tay Ho districts. New properties will compete with existing buildings in terms of quality, services and pricing," said Hoang Nguyet Minh, Senior Director of Commercial Leasing, Savills Hanoi. "Hanoi’s office supply is lower than regional peers like Singapore or Bangkok. However, the rents are … [Read more...] about Hanoi market sees strong development in premium offices

Addressing the forum, Hue stated education is a leading national policy in Vietnam, identified as one of the three breakthroughs to implement the nation’s socio-economic development strategy. Every year, Vietnam spends 20% of its national budget on education and training. He said to create a strong transition in human resource development, Vietnam has determined that it is necessary to actively carry out international integration and promote foreign investment attraction in education for quality improvement. With the country’s law made to facilitate businesses in the sector, Vietnam has to date attracted more than 500 foreign-funded educational projects worth 4 billion USD. Despite challenges and difficulties, room remains extensive for investing in Vietnam’s education, Hue affirmed. He wished the bilateral educational cooperation will be concretized through impressive numbers, and recommended the two sides pay attention to step up exchanges of students and lecturers as well as … [Read more...] about Legislature backs Vietnam-U.K. education cooperation: top legislator

A worker at a factory of Hung Viet Garment JSC (Photo: VNA) Hanoi (VNS/VNA) - Textile and garment export turnover in the first six months of 2022 is estimated to increase 23% on-year to about 22 billion USD, reaching the highest level ever, according to the Vietnam Textile and Apparel Association. Of which, the US market played an essential role for the industry. Data from the General Department of Customs of Vietnam showed that textile and garment export s in the first five months of 2022 to the US market increased by 26% over last year to 7.58 billion USD, accounting for 57% of the total value of Vietnam’s textile and garment exports. The newly updated report by Viet Dragon Securities JSC (VDSC) said that these figures imply that the prospects of the country’s textile and garment industry will depend heavily on economic development s in the US market. However, in the second half of 2022, VDSC forecasts that the demand for textiles and garments will tend to decrease … [Read more...] about Textile enterprises’ results mixed in second half of 2022

Vice Chairwoman of the HCMC People’s Committee Phan Thi Thang visits a display booth of Nghe An Province's local products. (Photo: SGGP) Attending the event was Deputy Minister of Culture, Sports and Tourism Doan Van Viet, head of Vietnam National Administration of Tourism (VNAT) Nguyen Trung Khanh, Chairman of the People’s Committee of Nghe An Province Nguyen Duc Trung, Vice Chairwoman of the HCMC People’s Committee Phan Thi Thang and Deputy Chairman of the People’s Committee of Hanoi Nguyen Manh Quyen, leaders of provinces and travel businesses. The event aims to promote potential and the value of natural resources for tourism of localities as well as exploit trans-provincial and trans-regional tourism products, affirming the country's position on the world tourist map. The forum is the city’s 6th tourism development cooperation program promoting the linkage in tourism between HCMC and eight cities, provinces in the Northwest region , 13 Southern provinces and cities , … [Read more...] about HCMC, north central provinces boost linkage for tourism development

This is the first commercial passenger flight to be re-operated on the Siem Reap - Da Nang route after more than 2 years of hiatus due to the COVID-19 pandemic. "Efforts to restore tourism and resume direct flights between Cambodia and Vietnam are aimed at celebrating the 55th anniversary of bilateral diplomatic relations," said Nguyen. Xuan Binh, Deputy Director of the Da Nang Department of Tourism. He said the direct route from Da Nang to Siem Reap further affirms the strategic position of Da Nang for international tourist markets as the gateway to world heritage sites. It is expected to contribute to boosting travel demand between Vietnam and Cambodia, as well as facilitating the exchange of international visitors between Siem Reap and Da Nang. Cambodia Angkor Air will use ATR72 aircraft on the route with three flights per week on Mondays, Wednesdays and Fridays in flexible code-sharing with Vietnam Airlines. The airline will increase the frequency to five flights per week … [Read more...] about Siem Reap – Da Nang air route resumed