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A survey by accounting firms PwC found organizations restructuring their workplace model to enable people to work both remotely and in office and to reduce the number of employees in office at any given time. … [Read more...] about HCMC office buildings report surging vacancy rates

A container vessel docks at the Cai Mep International Terminal in Ba Ria-Vung Tau Province. Deputy Prime Minister Trinh Dinh Dung has asked the ministries of Industry-Trade and Transport to clarify the reason for the recent spike in the rentals of shipping containers – PHOTO: LE ANH HCMC – Deputy Prime Minister Trinh Dinh Dung has asked the ministries of Industry-Trade and Transport to clarify the reason for the spike in the rentals of shipping containers and impose harsh sanctions on those who violated regulations. … [Read more...] about Gov’t orders clarification of hike in shipping container rentals

Hanoi (VNA) - The State Bank of Vietnam set the daily reference exchange rate at 23,136 VND per USD on January 15, up 4 VND from the previous day. With the current trading band of +/-3 percent, the ceiling rate applied to commercial banks during the day is 23,829 VND/USD and the floor rate, 22,442 VND/USD. The opening hour rates at some commercial banks slightly fluctuated. At 8:25 am, Vietcombank listed the buying rate at 23,950 VND/USD and the selling rate at 23,160 VND/USD, both unchanged from January 14. BIDV listed the buying rate at 22,980 VND/USD, up 10 VND, and the selling rate at 23,160 VND/USD, down 10 VND. Meanwhile, Vietinbank added 5 VND to both rates, at 22,923 VND/USD (buying) and 23,166 VND/USD (selling)./.  … [Read more...] about Reference exchange rate up 4 VND on January 15

Hanoi (VNS/VNA) - A crowded moon cake market has caused a drop in sales for many stalls ahead of Mid-Autumn Festival. The big day is on October 1 – the 15th day of the 8th month on the lunar calendar, but the moon cake market is still quiet. Popular moon cake brands like Kinh Do, Nhu Lan, Dong Khanh, Hanoi Confectionery and Thu Huong Bakery are traded on stalls in the most crowded areas in Hanoi and HCM City. Despite an increase in discounts and promotions, fewer people are shopping at moon cake stalls than last year. Nguyen Thi Huong, the owner of a moon cake stall on Pham Van Dong Street in HCM City’s Thu Duc District has struggled this year. “I have to use a 'buy 1 get 1' board to attract customers but some just stop to see the price list. Some still buy the products but they are much fewer than ever before," she said. Le Minh Tam, who runs a moon cake stall on An Duong Vuong Street, District 5, told Tin Tuc newspaper: … [Read more...] about Moon cake market competition heats up

Tourism has become a spearhead economic sector. Dozens of large-scale tourism projects have been carried out, with an array of high-end resorts serving both domestic and international visitors. The Bai Truong tourism complex is being formed, giving the Phu Quoc urban area a facelift. … [Read more...] about Phu Quoc island city draws $16.5 billion in investment