Real estate sector

Established in 2015, Propzy is a real estate technology business which has successfully raised US$37 million from foreign investors like Gaw Capital and SoftBank, who poured $25 million in series A funding. The other investors include Next Billion Ventures, RHL Ventures, Breeze, FEBE Ventures, RSquare and Insignia. … [Read more...] about Propzy to support start-up

Hanoi (VNA) – Ho Chi Minh City has been ranked fifth as Asia Pacific investors’ most preferred market for investments by CBRE Group, Inc. CBRE’s Asia Pacific Investor Intentions Survey 2021 was conducted between  November 9 and December 14 last year. As many as 492 mainly Asia Pacific-based investors participated in the survey, which asked respondents a range of questions regarding their buying appetite and preferred strategies, sectors and markets for 2021. “Ho Chi Minh City has already been on the radar of investors in recent years, especially those who are looking to invest in Southeast Asia, as the city is viewed as having the potential for greater appreciation in property values and higher yields,” said Desmond Sim, Head of Research, Southeast Asia, CBRE. “Other noteworthy movement in this year’s rankings included Ho Chi Minh City, which entered the top five for the first time. With the diversification of supply chains … [Read more...] about CBRE: HCM City among top preferred cities for cross-border investments in Asia-Pacific

Hanoi (VNS/VNA) - Public investment will focus on key national projects with important roles in enhancing regional links and creating new drivers and room for economic growth, Minister of Planning and Investment Nguyen Chi Dung has said. Last year saw the highest public investment disbursement rate in 2016-2020 as the Government identified public investment as a major driver for growth in the context of the COVID-19 pandemic. The Ministry of Planning and Investment estimated the public investment disbursement rate would reach more than 90 percent of the plan as of the end January 31 (the deadline for disbursement of 2020 public investment), compared to 73.3 percent of 2017, 66.8 percent of 2018 and 67.46 percent of 2019. There were 17 ministries, central-level agencies and 17 localities with disbursement rates of more than 80 percent as of December 31, 2020. However, 13 ministries and central-level agencies and five localities had disbursement rates below 60 percent. … [Read more...] about Public investment will focus on key projects: Minister

Hanoi (VNA) - The Hanoi Department of Tourism has decided to concentrate resources on promoting the domestic tourism market this year and will prepare to welcome international arrivals when conditions allow. The goal was unveiled at a conference held by the Department of Tourism on January 20 to deploy tasks for 2021. According to the department's Director Dang Huong Giang, it has compiled three growth scenarios for the sector. One projects an early recovery that allows Hanoi to welcome 15.34 million domestic visitors, double the figure in 2020. An early recovery would mean the normal operation of services and accommodation facilities, with average occupancy exceeding 45 percent.      The sector has also set out an overall target of catering to between 13.16 and 19.4 million tourists, including 10.96-15.34 million domestic visitors. Products to be launched to stimulate domestic tourism will cover key destinations in the capital such as the Thang Long Ancient … [Read more...] about Hanoi to focus on fuelling domestic tourism in 2021

“Other noteworthy movement in this year’s rankings included Ho Chi Minh City, which entered the top five for the first time. With the diversification of supply chains encouraging more manufacturing investment, industrial and logistics assets are keenly sought after,” according to the survey. … [Read more...] about HCMC among top preferred cities for cross-border investments in Asia-Pacific