The office market in Hanoi is experiencing many changes amid the COVID-19 pandemic in terms of rental prices, occupational profile and new demands for office spaces, according to Savills Vietnam. Rents on the Hanoi office market are expected to also remain stable as there are limited prime projects coming until 2023. — Photo baotintuc.vn Grade A rents in Hanoi are predicted to be stable in the upcoming year. With the Capital Place project in the secondary area entering the market, total grade A supply in Hanoi reached about 90,000 sq.m in the first half of this year, up 24 per cent year on year while the average rent was up 7 per cent year on year. As take up has been stable over the past three years, it will take some time for this volume of space to be absorbed. Rents are expected to also remain stable as there are limited prime projects coming until 2023. In 2021, the Information and Communication Technology (ICT) sector as well as industries such as … [Read more...] about Hanoi office market will see large changes after pandemic
Manual extensions different from automatic extensions
The city is still actively taking measures to remove difficulties for production and business activities. A number of Hanoi-based enterprises have made efforts to resume production and fulfill contracts and orders, some have even returned to operating at 100% capacity in the context of the new normal. Workers at B.Braun Vietnam's factory in Thanh Oai District's industrial cluster. HNT Photo: Binh Minh Work hard to fulfill orders These days, many enterprises located in low-Covid-19-risk areas or “green zone” have urgently restored production activities. In Son Tay town, about 500 workers for Son Ha Garment JSC have returned to work since late August. On the basis of the company’s disease prevention plan, the company is seeking authorization for the reinstatement of 1,000 laborers, accounting for 50% of its total workforce, so that it could fulfill orders signed with its partners until the end of this year. “From now until the end of the year, it is the … [Read more...] about Hanoi’s enterprises resume operations adapting to new normal
Relief measures seek to help businesses resume operations. Photo: Le Toan The latest wave of the pandemic is jeopardising the survival of some French small- and medium-sized enterprises (SMEs) in the country that are failing to cope with the economic slump because they have no legal or financial ties to France. Adam Koulaksezian, executive director of the French Chamber of Commerce and Industry in Vietnam, told VIR, “The Vietnamese government has provided a number of relief measures to support businesses during the pandemic. We applaud this initiative and we invite French companies to try to benefit as much as possible from these mechanisms. However, we must underline that there are sometimes operational difficulties that complicate access to these measures.” The chamber’s latest survey of 63 French companies in Vietnam shows that some additional measures are necessary in order to preserve many businesses. It includes reducing/suppressing social security contributions and … [Read more...] about Global customers count on continuity
Ho Chi Minh City authorities announced a two-week extension of the city’s social distancing period from Thursday alongside adjustments to certain COVID-19 restrictions. Chairman of the municipal People’s Committee Phan Van Mai declared that the city would continue enforcing social distancing regulations under the prime minister’s Directive No. 16 from September 16 to midnight September 30. Several changes, however, will be applied to the regulations, including the pilot of a ‘vaccine green pass’ scheme and the resumption of certain activities and businesses. The ‘vaccine green pass’ plan will be implemented on a trial basis in District 7, Cu Chi District, and Can Gio District, where the pandemic has been put under control. People in these three districts are permitted to go outside to buy groceries once a week. Additionally, the management boards of export processing zones, industrial parks, and high-tech parks in these districts have been directed to execute production … [Read more...] about What changes were made to Ho Chi Minh City’s pandemic response on September 16?
The dialogues convene experts from different stakeholders to support sustainable prosperity and autonomy among Mekong countries. The first discussion of the flagship initiative of the Mekong-US Partnership (MUSP) Track 1.5 Policy Dialogue series for 2021-2023 has been launched with a focus on key policy and sustainability challenges facing Thailand, Laos, Cambodia, and Vietnam. Representatives at the event on Sept 15. Photo: VNA The series includes six virtual and in-person dialogues that explored opportunities for concrete collaboration on issues, including energy and infrastructure, non-traditional security, human resources, water governance, connectivity, and nature-based solutions. Participants include Kin W. Moy, Bureau of East Asian and Pacific Affairs, US Department of State, Cambodia’s Ambassador to the US Chum Sounry, Bounthanongsack Chanthalath, Deputy Head of Mission of the Embassy of Laos to the US, Ambassador of Vietnam to the US Ha Kim Ngoc, … [Read more...] about Mekong-US Partnership policy dialogue series for 2021-2023 launched
New tactics in tow for sticky solar situation - Illustration photo The Ministry of Industry and Trade (MoIT) is drafting a new regulation on a mechanism to develop renewable energies, including rooftop solar power. The new policy for this type of energy will no longer have feed-in tariffs and fixed preferential prices for the next 20 years. This was stated by Pham Nguyen Hung, deputy director of the MoIT’s Electricity and Renewable Energy Authority at an online talk on August 30, on removing difficulties for rooftop solar in industrial zones. “We are discussing the tariff of electricity,” Hung said, “and its selling price will follow the annual solar price bracket issued by the MoIT to ensure market closeness, the coverage of costs, and the recovery of investors’ capital, while also harmonising electricity purchases from Electricity of Vietnam (EVN).” One of the new points of this draft is that rooftop solar power projects are not limited to a capacity below one megawatt peak … [Read more...] about New tactics in tow for sticky solar situation