A view of CirCO Coworking in District 4, HCM CIty.— Photo coworker.com The flexible office market in HCM City comprising co-working and serviced offices is among the fastest growing in the Asia Pacific, market researchers said. At a meeting with the media to report on the city property market in the first half of the year, CBRE said HCM City was one of the top three flexible office markets in the Asia Pacific. Of its total office space, flexible office accounted for 2 per cent at the beginning of this year, and would increase to 5 per cent by the end of this year, it said. The development of the market is owed to the diverse range of business models in Viet Nam, according to a CBRE executive. A representative of batdongsan.com.vn, an online channel providing information about the real estate market, told Viet Nam News the market had grown strongly and would further accelerate in future. It was no more a preserve of small companies with large foreign players having made an entry, … [Read more...] about HCM City co-working office space market developing strongly
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HCM City seeks to become global financial hub
HCM City’s downtown at night. HCM City authorities want the city to become an international financial hub. — VNA/VNS Manh Linh HCM City has committed to develop a detailed plan to turn the city into a regional and international financial hub after years of delay in carrying out the ambitious goal. Nguyen Thien Nhan, secretary of the city’s Party Committee, said: “There’s no better time to do it now.” As an international financial hub, HCM City, which contributes 45 per cent to the country’s GDP, would enhance socio-economic growth locally, nationally and regionally, he added. Speaking at a meeting on Wednesday, Nhan said a feasibility report on the plan would be submitted to the People’s Council in October. By June 2020, the city is expected to start building a financial centre complex in the Thu Thiem new urban area in District 2. The city will also report to the Prime Minister by the end of the year on a special incentive policy for … [Read more...] about HCM City seeks to become global financial hub
HCM City builds new climate-change response plan
HCM City seeks new plans to deal with the impact of climate change. — VNS Photo Ngọc Diệp HCM CITY Improved linkages with international organisations are needed to hasten the progress of HCM City's climate-adaptation action programmes, experts said at a workshop held in HCM City yesterday. The workshop, organised by the city’s Department of Natural Resources and Environment in collaboration with the C40 Cities Climate Leadership Group, assessed the status of the city's programmes and received suggestions from experts on the city's new Climate Action Plan for the 2020-30 period. Mai Tuấn Anh, head of the department's Hydrometeorology and Climate Change Division, said that long-term climate-change response tasks were being carried out with the support of international organisations such as C40 and the Japan International … [Read more...] about HCM City builds new climate-change response plan
HCM City residents lament lack of green space
Parts of many parks in HCM City are being rented for cafe shops, eateries and other establishments contrary to their original purpose. — VNA/VNS Photo Mạnh Linh HCM CITY — Rapid urbanisation is eating away at HCM City's green space, with parks coming under increasing threat from shops, cafes, office blocks and parking lots. Hồ Anh Tuấn, who lives on Tân Bình District's Âu Cơ Street, has watched as green areas disappear around his home. Tuấn told Vietnam News Agency that he wanted to exercise every morning but there was a lack of green spaces close by while remaining parks were too far away. Tuấn is forced to exercise on the street. Living next to Lê Thị Riêng Park in District 10, Nguyễn Mỹ Oanh has recently been unable to fully enjoy the space. She said the park was a place for everyone to relax after a hard day or at the weekend, but the space was increasingly … [Read more...] about HCM City residents lament lack of green space
HCM City boosts cooperation with Switzerland
Chairman of the Ho Chi Minh City People’s Committee Nguyen Thanh Phong (R) and head of the Swiss Federal Department of Economic Affairs, Education and Research Guy Parmelin (Photo: VNA) HCM City (VNA) – Chairman of the Ho Chi Minh City People’s Committee Nguyen Thanh Phong and head of the Swiss Federal Department of Economic Affairs, Education and Research Guy Parmelin, who is on a working visit to the southern city, discussed measures to boost cooperation between the two sides during their meeting on July 12. Chairman Phong expressed his pleasure with the sound development of the ties between Switzerland and Vietnam, including HCM City, in various fields. Informed Parmelin on the city’s socio-economic development, Phong proposed the guest recommend Swiss financial and banking experts to cooperate with and help the city’s effort to become a financial and service centre of Vietnam and the region. HCM City highly values Switzerland’s … [Read more...] about HCM City boosts cooperation with Switzerland