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
Office
Bright outlook predicted for rice exports
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
Libraries race for digital transformation to promote reading culture
Students are reading books in their high school library Regularly going to the General Science Library of Ho Chi Minh City with his friends, student Tran Minh Nam of the University of Social Sciences and Humanities under the Vietnam National University in Ho Chi Minh City said that he is paying attention to a digital library, also called an online library because he will continue studying after graduation. Digital libraries help him to save travel time and are a trend that needs to be updated with modern applications to meet the needs of readers. Vietnamese Prime Minister issued a decision approving the Program on the digital transformation of the library industry to 2025, with orientation to 2030 on February 21, 2022. In which, the target by 2025, all public libraries will be invested by the State, together with the National Library, the public libraries of provinces and centrally-run cities, to complete and develop digital infrastructure, digital data, and interoperability for … [Read more...] about Libraries race for digital transformation to promote reading culture
Investor puts apartments up for sale before securing land rights
The construction site of the Lotus Garden project at Phu My District, Dong Thap Province.-VNA/VNS Photo The project has an initial outlay of nearly VND530 billion (US$23 million), financed by the Phuong Nam Transport Construction Exploitation JSC (PNC). There are around 504 apartments and 14 commercial buildings in its construction plan, which is expected to be completed in Q2/2025. The Provincial Department of Construction (PDC) revealed that to date, the project investors have not secured a construction permit and proof of land use rights and have not handed in an appraisal dossier. As a result, they are not legally allowed to make sale announcements. However, the investors are beginning to market their apartments through issuing "Reservation forms" and "Agreement to purchase forms." Similar offers can also be found on social networks, where home buyers can secure the right to buy apartments by putting down deposits. Le Van Ngot, deputy director of PDC, said that his … [Read more...] about Investor puts apartments up for sale before securing land rights
Vietjet reopens Hanoi – Busan (RoK) air route
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