Ho Chi Minh City has seen rapid expansion of co-working spaces over the last two years, with a sharp increase of over 90 per cent per annum to reach over 37,000 square meters as of the reviewed period (Illustrative photo: baoxaydung.com.vn) Savills Vietnam said in a recent report that vacancies in the Ho Chi Minh City (HCMC) market are continuously declining. This trend can especially be seen in the central business district (CBD) area, with all recent entries rapidly absorbed. Rent remained robust with another quarterly hike of 2 per cent, continuing its five-year momentum into the first quarter of 2019. Rents for top-tier grade offices (Grade A) continued to lead, up 2 per cent on quarter, representing accumulative growth of 13 per cent over the past five successive quarters. Leveraging high demand but limited available stock, landlords have continued to raise rent and hold firm in negotiations, whilst tenants have had to either accept rental hikes or consider alternatives, … [Read more...] about Ho Chi Minh City office market beats records
Ho chi minh forecast
High tide forecast to exceed alert level 3 in Ho Chi Minh City
Currently, water levels on the Cuu Long (Mekong) river and Sai Gon river are following high tides, and expected to reach the highest level on February 21- 22. As forecast, the water level on Sai Gon river at Phu An station could reach alert level 2 to level 3. Therefore, residents of Ho Chi Minh City may face a risk of serious flooding in some streets, residential and low- lying areas along rivers and canal banks. On the same day, the Standing Office of the Central Steering Committee on Natural Disaster Prevention and Control reported damages after risks of hail and thunderstorm on the large scale in the Northern region within recent days. Statistics showed that hail and thunderstorm damaged more than 3,600 houses, 17 schools, eight classrooms, 12 functional rooms, one medical station,10 cultural houses, hundreds of rice and vegetable crops, around 1,597 poultry and 27 electric poles in provinces of Lao Cai, Thai Nguyen, Bac Kan and Tuyen Quang with an … [Read more...] about High tide forecast to exceed alert level 3 in Ho Chi Minh City
Automechanika Ho Chi Minh City 2019 to develop commercial vehicle sector
The third Automechanika Ho Chi Minh City 2019 will see the addition of “Truck Competence” to show the expansion of the commercial vehicle sector in Vietnam. The exhibition will be open from February 28 to March 2, 2019 at Saigon Exhibition and Convention Centre (SECC) in Ditrict 7. Automechanika 2018 was a resounding success Automechanika is one of the most successful global trade fairs for the automotive parts and accessories industry. Since its launch in 2017, the exhibition became an important event in Vietnam, drawing great interest from big brands over the world. Organised for the third time in Vietnam, the content of Automechanika 2019 is more extensive and diversified than ever, including highlights like D1VN’s drift performance, as well as numerous workshops on the management of transport services, repairing, and maintaining vehicles. The scale of the exhibition has expanded to 10,200sq.m with the participation of 380 companies and organisations. … [Read more...] about Automechanika Ho Chi Minh City 2019 to develop commercial vehicle sector
Hurricane Usagi triggers downpour in Ho Chi Minh City
The weather condition is being impacted by the tropical typhoon number 9- Usagi. According to the latest news from the National Hydrology Meteorology Forecast Center, the Usagi was centered at around 9.7 degrees north latitude and 109 degrees east longitude; at about 100 kilometers of the Phu Quy Island, 180 kilometers of the Phan Thiet city, 230 kilometers of Vung Tau and 270 kilometers of Ben Tre province with its peak wind ranging 75- 100 kilometers per hour. Within next 24- 24 hours, Usagi is predicted to move the westward at 10-15 kilometers an hour, to make landfall in provinces from Binh Thuan to Ben Tre before it will weaken into a tropical low pressure system. By 10am tomorrow, the tropical depression will be at 10.5 degrees north latitude and 106.3 degrees east longitude in the land of southern region. The maximum wind near the center is warned to reach 40- 50 kilometers an hour. The dangerous zone on the East Sea in next 24 hours is paralleled in 8.5- … [Read more...] about Hurricane Usagi triggers downpour in Ho Chi Minh City
Ho Chi Minh City renews growth model
Transformation based on science and technology The world is entering the fourth industrial revolution (also known as Industry 4.0), with the power of innovation. Not to be out of the trend, many businesses in Ho Chi Minh City are trying to modernise technology that aims to increase competitiveness and improve product quality, and participate in global supply chains. Minh Nguyen Industrial Supporting Joint Stock Company (Minh Nguyen), at the Saigon Hi-Tech Park (SHTP), is the first domestic supporting industry enterprise to directly participate in the supply chain of high quality components for Samsung. Chau Ba Long, General Director of Minh Nguyen, said: "To be selected by Samsung as the first-class supplier of supporting industrial products, Minh Nguyen has paid attention to the investment strategy of automation technology. It not only improves the quality of products but also provides a large number of orders of Samsung in particular and other units in general. SHTP is a location to … [Read more...] about Ho Chi Minh City renews growth model