Real estate

Vietnam continues to remain an attractive investment destination in the long term. Foreign Direct Investment (FDI) commitments during the first nine months of 2021 rose by 4.4% year-on-year to US$22.15 billion, a report of the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment has shown. Production at YPE VINA in Binh Xuyen 2 Industrial Park, Vinh Phuc Province. Photo: Hoang Hung Meanwhile, the serious Covid-19 situation in southern provinces/cities has led to temporary disruption of production and a reduction of 3.5% year-on-year in FDI disbursement to around $13.28. billion. Principal Country Economist of the ADB in Vietnam Nguyen Minh Cuong said the pandemic and subsequent restriction measures are wreaking havoc on businesses as a whole, including foreign companies. Cuong, however, noted for foreign businesses, any investment decision into a country would take into account long-term considerations, and they are rarely fazed by … [Read more...] about FDI commitments to Vietnam rise nearly 5% in 9-month period

Phu Yen has drawn up a careful planning to preserve its beautiful seaside vista Pham Dai Duong, Secretary of Phu Yen Party Committee, was on a field trip for the planning survey by helicopter in May, leading the working group with leaders from Phu Yen People’s Committee, relevant agencies, and consultants. There, he explained the concrete orientations for Phu Yen’s general planning. “It is important to analyse the actual state of agricultural areas like rice, sugar cane and cassava, as well as forestation and aquaculture. From there, we can make suitable proposals and find planning options that fit the local situation,” said Duong, adding that the development of industries like tourism, real estate, and agriculture is deemed decisive in outlining the province’s general planning to best exploit its bountiful potential and advantages. Right after the field survey, Phu Yen’s leaders attended meetings with sponsors and consulting agencies on the outline of the province’s general … [Read more...] about Lifting Phu Yen development thanks to sound planning

Illustrative image. (Photo: VNA) HCM City (VNA) – The fight against the COVID-19 pandemic in Ho Chi Minh City has seen higher efficiency as the numbers of new cases, severe patients and deaths have decreased while the number of discharged patients has increased rapidly, said a municipal official. Speaking at a press conference held by HCM City's Steering Committee for COVID-19 Prevention and Control on September 26, Chief of Office of the municipal Department of Health Nguyen Thi Huynh Mai said 3,512 patients were hospitalised on September 25, a sharp decline compared to the previous days. The number of seriously ill patients who need support of ventilators fell to 1,918 on September 25 compared to 2,037 on September 23 and 2,174 on September 21, she said. The number of fatalities also saw a remarkable drop, with 131 deaths recorded on September 26 compared to more than 350 cases in late August, Mai stressed. The number of patients discharged from hospitals has also … [Read more...] about HCM City sees sharp fall in numbers of COVID-19 deaths, hospitalised patients

An apparel factory of the Formostar Garment Vietnam Co., Ltd in Hai Duong province (Photo: VNA) Hanoi (VNA) – Vietnam’s labour productivity is very low compared with growth need, thus raising productivity is the key to economic growth, experts said at a conference on April 13. According to Ngo Van Tuan, deputy director of the Party Central Committee’s Economic Commission, the country’s productivity increased by an average 4.7 percent a year during 2011-2017, while the GDP growth was about 6.21 percent and real wage rose by an average 12.59 percent. “This means production costs in Vietnam is becoming more expensive, which directly affects the country’s competitiveness,” Tuan told the CEO forum 2018 held by the Vietnam Economic Times. The General Statistics Office (GSO) reported that local productivity has been increasing throughout recent year, but remains lower than regional levels. By purchasing power parity in 2012, Vietnam’s productivity in 2016 reached 9,894 … [Read more...] about Labour productivity enhancement – key to economic growth