With good sales volume in the first half of 2018, the land plot segment in Ho Chi Minh City is forecasted to be the leading investment channel in the coming time. At the seminar titled “Safe investment in a volatile market” held by DKRA Vietnam in Ho Chi Minh City on July 5, experts said that the market in the second quarter showed signs of a downturn both in supply and demand, compared to the previous quarter. According to Pham Lam, general director of DKRA Vietnam, new supply in the land plot segment is concentrated mainly in the north of Ho Chi Minh City. In the second quarter of 2018, DKRA Vietnam recorded about five projects, including a new project and the next phase of five other projects, supplying 483 plots, equal to 50 per cent of the previous quarter's supply. Consumption rate reached about 51 per cent of the previous quarter. Pham Lam, general director of DKNR Vietnam, announcing the high sales of land plots in the city "The north of the city leads … [Read more...] about Land plots in Ho Chi Minh City saw high sale
Ho chi minh forecast
Ho Chi Minh city to have modern pilot training centre in late 2018
Trainers at a course of BAA trainingBAA Training is a pilot training centre that provides specialized and flexible solutions for global companies. In 2017, the centre saw 750 pilots from Europe, Northern and Southern America, Africa and Asia using 85 flight simulators with total time of 25,000 hours.In Vietnam, it targets completing four flight simulators and Ab Initio Pilot Training School before 2023.As forecast by Boeing, Asia Pacific will need around 253,000 pilots from now until 2036. In Southeast Asia, the number of aircrafts will increase from 1,410 to 4,200 between 2016 and 2036 with 77% of these being one-alley aircrafts of A320 and Boeing 737. Aiming to meet the increasing demand for trained pilots in the region, BAA Training Vietnam plans to build a modern training ground in Ho Chi Minh city and targets opening Ab Initio Pilot Training School in the next five years. In addition, aiming to speed up the development process and enhance the operation capacity of the centre, … [Read more...] about Ho Chi Minh city to have modern pilot training centre in late 2018
Ho Chi Minh City needs 80,000 workers in second quarter
The nation’s largest economic hub, Ho Chi Minh City, will require approximately 80,000 workers in the second quarter of this year, as forecast by the Ho Chi Minh City Human Resources Forecast and Labor Market Information (Falmi) Center. The city's demand for workers with university or higher degrees accounts for 24.12 pct of the total human demand - Illustrative image The city will need about 54,000 workers in April and May; and 26,000 workers in June this year. The demand for human resources is focused on the areas of retail staff (19.85 percent); services (15.41 pct), textiles and footwear (8.3 pct), transportation - warehousing - import and export (6.99 pct), consultancy services - customer care (5.56 pct), information technology (4.33 pct), accounting – audit (3.76 pct), property and real estate sales (3.47 pct), mechanics - automation (3.13 pct), and others. The city's demand for workers with university or higher degrees accounts for 24.12 pct of the total … [Read more...] about Ho Chi Minh City needs 80,000 workers in second quarter
IFC to assist Ho Chi Minh City in building smart city
The International Finance Corporation (IFC) will help Ho Chi Minh City to build a smart city plan, IFC vice president for Asia and Pacific Nena Stoiljkovic today told Vice Chairman of the Ho Chi Minh City People’s Committee Le Thanh Liem. Ho Chi Minh City and IFC officials pose for a photo (Photo: VNA) At the meeting in the southern economic hub of Vietnam, Liem thanked the IFC for supporting the city’s leaders during their working visit to the US in late 2017 during which Ho Chi Minh City and the IFC signed a cooperation agreement. He asked the IFC to help Ho Chi Minh City learn smart city building experience from countries around the world, especially in the formation of a centre for research, simulation, forecast and building of socio-economic development strategies. Liem proposed the IFC provide financial aid to assist Ho Chi Minh City in carrying out a feasibility study on the building of a highly interactive creativity centre linking districts 2, 9 and Thu … [Read more...] about IFC to assist Ho Chi Minh City in building smart city
Foreign convenience stores go from strength-to-strength in Ho Chi Minh City
Ho Chi Minh City has proven to be a fertile land for convenience store chains, and many are planning to expand their businesses in Vietnam's southern commercial hub. The number of convenience stores in HCMC rose by 5.1 percent on-year in the first quarter of 2018 to over 1,800. Convenience stores now cover more than 270,000 square meters of floor space in the city, Jones Lang LaSalle (JLL) Vietnam said in its Q1 report on Vietnam’s property market. The U.S-based real estate service provider said the number of stores in the city will continue to grow to cater for its 13 million inhabitants due to the entry of newcomers. Vietnam is forecast to be the fastest-growing convenience store market in Asia by 2021 with a growth rate of 37.4 percent, according to new data released last Friday by international grocery research organization IGD, followed by the Philippines and Indonesia. IGD said it is "forecasting high double-digit compound annual growth over the next four years in Vietnam, … [Read more...] about Foreign convenience stores go from strength-to-strength in Ho Chi Minh City