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Desmond Sim, head of CBRE'S research team in Southeast Asia, said: "Ho Chi Minh City has already been on the radar of investors in recent years, especially those who are looking to invest in Southeast Asia, as the city is viewed as having the potential for greater appreciation in property values and higher yields." … [Read more...] about HCMC among investors’ 10 most preferred markets in Asia-Pacific: report

Asked what Vietnam should do in the next development period, Cuong from ADB said Vietnam needs to continue the process of shifting to a market economy. It is necessary to encourage the development of the private sector, because only a dynamic private sector will help Vietnam overcome difficulties. … [Read more...] about Vietnam shows its ‘firm stuff’ after five years of difficulties

Hayward Quartz Technology will build a $110 million semiconductor factory in Danang Hi-Tech Park Covering an area of 102,200 square metres, Hayward Quartz Technology Inc.'s United States Enterprises project is designed in two phases. The first phase has an area of 61,578 sq.m with capital investment of $66 million. The project is expected to begin construction in the second quarter of 2021 and put it into operation in the second quarter of 2023. … [Read more...] about Hayward Quartz Technology develops $110 million semiconductor factory in Danang

Vientiane (VNA) – Economic expansion of Laos is forecast to contract this year for the first time since 1980s due to impacts of the COVID-19 pandemic, but the economy will recover in 2021, according to the Asian Development (ADB)’s recent report. The Asian Development Outlook (ADO) 2020 Update predicts Laos’ GDP to contract by 2.5 percent in 2020, marking its first negative economic growth since 1986-1987. The growth is expected to rebound to 4.5 percent in 2021, suggesting a slow recovery as the pandemic outbreak is said to subside slowly. ADB Country Director for Laos Yasushi Negishi said the COVID-19 outbreak has not only affected the economic growth in 2020 but also hampered the government’s prospect to collect revenues. The Lao government needs to improve macro-fiscal framework and accelerate public finance reform to create more fiscal space to buffer shocks, he stressed. The bank’s report also shows that agriculture would grow at 1.9 percent … [Read more...] about Laos’ GDP forecast to contract by 2.5 percent: ADB

Don Lam, deputy head of Vietnam’s Private Economic Development Research Board, said that the two countries are seeing positive figures in trade relations with Vietnam’s imports from India rising 65 percent between 2017 and 2020 to reach $4.5 billion. … [Read more...] about Indian investment in Vietnam yet to match potential: official