HCM City (VNS/VNA) - Rents for commercial spaces in Ho Chi Minh City’s main streets have been decreasing in recent months due to lower demand, according to experts. Thin, a veteran housing broker in the city’s central area, said many landlords have recently sought his help to find tenants. But it has become very difficult, and they have to wait unless they slash rental by 10-30 percent, he said. Property owners on some major streets have in fact reduced rents by 10-20 percent since the end of last year, including some who have not been able to find tenants for a long time. Phan Cong Chanh, director of Phu Vinh Group, a real estate company, told Nguoi lao dong (Labourers) newspaper that there have never been so many vacant properties as now. For instance, on a short stretch on Tran Quang Khai street in District 1 there are more than 20 premises available for lease, 20-30 percent cheaper than before in some cases, he said. Leasing has become difficult due to … [Read more...] about Commercial space rents in HCM City decline
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Most-favored-nation treatment (MFN) is the basic principle in WTO’s international trade, whereby a member country must be given the same treatment as all other WTO members, regardless of developed countries or developing countries. However, he affirmed that the change won’t have impact on Vietnam in reality. … [Read more...] about What if the US no longer considers Vietnam a ‘developing country’?
A person holds a stack of Vietnamese banknotes. The country’s two largest cities, HCMC and Hanoi, are still seeing a large number of customers using cash for food payments - PHOTO: THANH HOA HCMC - The country’s two largest cities, HCMC and Hanoi, are still seeing a large number of customers using cash for food payments, with over 80% of customers making cash payments at restaurants and for takeaway food. … [Read more...] about Cash payments for food remain high in Vietnam’s two largest cities
An exhibition titled Hành Trình Tarot của Dương (Duong’s Tarot Journey) will open in central Hanoi next week. — Photo courtesy of the artist The exhibition titled Hành Trình Tarot của Dương (Duong’s Tarot Journey) will display 78 oil on canvas paintings by Bui Hoang Duong, a Muong ethnicity artist from the central province of Thanh Hoa, who has spent three years creating the works. … [Read more...] about Paintings featuring angles of life through tarot cards to go on show
No delays to F1 race in Hanoi despite virus The Formula 1 VinFast Vietnam Grand Prix 2020 will still take place as scheduled on April 5 despite growing concerns over the novel coronavirus (COVID-19) outbreak, the Hanoi Tourism Department announced yesterday afternoon, Feb 18. … [Read more...] about Hanoi streets aroused by F1 model car parade