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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

Vietnam exports nearly 2.77 million tonnes of milled rice in the first five months of 2022. (Photo: VNA) Hanoi (VNA) – As many countries in the world have limited food exports to guarantee domestic food security , rice – a staple in most of Asia – is forecast to witness surging prices in the time ahead, which is said to be a chance for Vietnam – one of the world’s largest rice exporters. Vu Thi Hue, head of the export - import division of the Dai Duong Xanh Export - Import Co. Ltd, said while lower wheat output and higher production costs have forced many countries to seek alternatives, rice is a suitable choice with good prices. So a bright prospect could be seen for both export volume and prices in the time ahead. In the first five months of 2022, nearly 2.77 million tonnes of milled rice worth over 1.35 billion USD were shipped abroad, rising 6.6% in volume but declining 4% in value year on year, according to preliminary data from the General Department of Vietnam … [Read more...] about Bright outlook predicted for rice exports

As of mid-afternoon, with Americans gearing up for July 4 Independence Day celebrations, more than 600 flights within, into, or out of the United States had been canceled, and more than 3,300 were delayed, according to flight tracking service flightaware.com. The numbers on Friday were grim as well, with 587 U.S. flights scrapped among a global total of 3,061 cancellations, the site said. Sunday was also looking problematic, with more than 100 flights already canceled. The airport chaos is prompting a record level of road travel by Americans seeking to dodge flight trouble, a travel industry group said. For days, amid a surge in travel as summer rolls in, horror stories have abounded as travelers were stranded at airports, enduring odysseys to reach their destinations. The airline industry was devastated in the early stages of the Covid-19 pandemic as people stayed close to home, but air travel has rebounded as health measures were eased. And although federal Covid-19 relief … [Read more...] about Hundreds of flights axed as US kicks off long holiday weekend

Hidden inside Muong Hoa Valley 15 kilometers from Sa Pa, Topas Ecolodge has catapulted to fame after western celebrities like Facebook CEO Mark Zuckerberg and Manchester United football player Chris Smalling stayed there. It was voted as one of seven resorts with the world’s most unique swimming pools by Agoda readers. The absolute highlight of the resort is an infinity pool situated 900 meters (3,000 feet) above sea level and surrounded by terraced rice fields. The pool is warmed all year round by an environment-friendly system. Opened in 2005, the five-star resort has 41 bungalows built with white granite that resemble ethnic minority stilt homes. All their furniture is made from natural materials like wood, bamboo and rattan. There are no TVs, computers or even wifi. A night's stay costs from VND6 million ($257) per person. … [Read more...] about Escape summer heat at northern resorts with infinity pools

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

A Vietjet flight (Source: Vietjet) Hanoi (VNA) - Budget airline Vietjet Air on July 1 resumed its air route linking Hanoi and Busan, a beautiful coastal city in the Republic of Korea (RoK). Initially, Vietjet will operate three return flights per week on Wednesdays, Fridays and Sundays, which will be made daily from July 12. On the occasion, the airline has offered a an unprecedented price of 280,000 VND (12 USD) per leg, excluding taxes and fees, for tickets in air routes between Vietnam and the RoK. Tickets are available for sale with many promotions every day on website www.vietjetair.com, Vietjet Air mobile app, Facebook www.facebook.com/vietjetvietnam or nationwide and international tickets offices and official agents. In particular, when booking and paying via Vietjet SkyClub, passengers can enjoy free payment fees. Not only having beautiful beaches with stretching white sand and charming natural scenery, the coastal city of Busan is also an endless shopping … [Read more...] about Vietjet reopens Hanoi – Busan (RoK) air route