The office market in Ha Noi was expected to face a shortage of supply with competition between offices for lease and co-working spaces likely to rise in the future, but was performing well at present, according to experts. According to Savills Research, Ha Noi and HCM City witnessed a downward trend of yields from the second half 2015 to the second half 2018. “This again was caused by the limited supply of available office developments for sale, which has resulted in more aggressive bidding prices from buyers, driving yields further downward. The office sector is currently a seller’s market in Viet Nam; in other words, if you are an office development owner, now is a good time to sell,” said Hoang Nguyet Minh, Investment Manager at Savills Ha Noi. In the Grade A segment, no new supplies had been seen in Ha Noi for three years, and the Grade B segment had only two new projects put into operation from the beginning of 2018. The demand for office space, including new … [Read more...] about Ha Noi office market to likely to lack supply
Xe buyt ha noi noi bai
Ha Noi focuses on e-commerce
Ha Noi has implemented solutions to facilitate the sustainable development of e-commerce activities, which have grown rapidly recently, though problems persist in the quality of goods traded online. — Photo baodautu.vn Ha Noi has implemented solutions to facilitate the sustainable development of e-commerce activities, which have grown rapidly recently, though problems persist in the quality of goods traded online. According to a survey of 1,000 enterprises in Ha Noi conducted by the Viet Nam E-commerce Association, 61 per cent have conducted business activities on social networks because it is an easy and effective business trend, while it also has low operation costs and offers quick feedback from customers. About 37 per cent of the businesses said that e-commerce revenue accounted for about 30 per cent of the enterprises’ total revenue while 16 per cent of them have gained 50 per cent of their total revenue from e-commerce activities. In the first half of this year, … [Read more...] about Ha Noi focuses on e-commerce
Ha Noi’s lucrative property market attracts foreigners
Ha Noi expects to attract more foreign buyers on its real estate market as a rising number of foreign experts and entrepreneurs are working in the capital city.– VNS Photo Thanh Hai Ha Noi expects to attract more foreign buyers on its real estate market as a rising number of foreign experts and entrepreneurs are working in the capital city. Statistics show that more than 82,000 foreigners live and work in Viet Nam, and a large number of them are in Ha Noi from South Korea, China, Singapore, Russia and the US, reported the Vietnam News Agency. According to a report by HSBC Vietnam, 29 per cent of foreign experts working in the country said they were ready to spend their savings on home purchases, including high-end apartments and luxury property. The revised law on housing, which took effect in 2015, has created more favourable conditions for foreigners to buy houses in Viet Nam. More open policies to attract foreign investment have also enhanced the attractiveness of Ha … [Read more...] about Ha Noi’s lucrative property market attracts foreigners
Government News 27/7
NA Vice Chairman wraps up US visit NA Vice Chairman Do Ba Ty (R) meets US friends who have supported Vietnam in its past struggle for national liberation and current nation building cause The Vietnamese National Assembly (NA) will continue providing support for Vietnam’s overseas representative offices, affirmed NA Vice Chairman Do Ba Ty while talking to Vietnamese officials who are working in New York. Ty asked Vietnamese representative offices to update and study the host country’s commercial policies to submit appropriate response to the legislature. He met officials of the Vietnamese permanent mission to the United Nations and Vietnam’s representative offices, as well as correspondents of Vietnam News Agency and Vietnam Television in New York during his working visit to the city from July 26-27. Meeting several US friends, Ty recalled important milestones in the relations between Vietnam and the US. US friends, in turn, made proposals helping Vietnam carry … [Read more...] about Government News 27/7
Automated customs system at Noi Bai Airport launched
An automated customs control system for exports and imports was launched at Ha Noi’s Noi Bai International Airport on April 16.— Photo baohaiquan.vn An automated customs control system for exports and imports was launched at Ha Noi’s Noi Bai International Airport on April 16. According to Deputy Director of Ha Noi Customs Department, Tran Quoc Dinh, after a five-month pilot period, the system had benefited importers and exporters, warehouse businesses and customs because the system links goods management information at three stages: pre-clearance, customs clearance and post-clearance. Accordingly, customs offices applied concentrated information technology to exchange and update information with warehoure businesses, helping them monitor goods from arrival to departure and transportation between locations subject to customs supervision. The system has been piloted by Hanoi Customs Department at Noi Bai Airport since October 16. The air cargo warehouse of the Noi Bai … [Read more...] about Automated customs system at Noi Bai Airport launched