Business

More mergers and acquisitions are imminent in the property market and real estate prices are likely to escalate this year, industry insiders said. David Jackson, CEO of real estate services provider Colliers Vietnam, said since the Covid-19 pandemic has caused the industry to suffer losses many businesses would no longer …

More mergers and acquisitions are imminent in the property market and real estate prices are likely to escalate this year, industry insiders said. David Jackson, CEO of real estate services provider Colliers Vietnam, said since the Covid-19 pandemic has caused the industry to suffer losses many businesses would no longer …

With the government allowing in foreign tourists and resuming international air services, major tourism firms are optimistic about the outlook for this year. Dang Minh Truong, chairman of Sun Group, which has a number of luxury hotels and resorts across Vietnam, said the tourism industry would continue to face challenges …

With Covid-19 forcing people to stay at home and spend time online, e-commerce has been thriving. When Tet, the Lunar New Year, was a month and a half away e-commerce platforms had already achieved a strong increase in revenues during their December-12 promotion program. Lazada said sales doubled from the …

The resort real estate market, whose revival was precluded by the third and fourth waves of Covid-19 in 2021, is only expected to recover gradually in 2022. The liquidity in the condotels, beach villa and beach shophouse segments has dried up in the last 12 months, with no transactions in …

The Ministry of Transport has approved upgrade of the North-South railroad at a cost of VND3.1 trillion ($136 million) as it seeks to improve the outdated network. It will be divided into three projects. The 319-kilometer section between Hanoi and Vinh will see the renovation of weak bridges and reinforcement …

Organizations have pegged Vietnam’s GDP growth at 6.5-7.5 percent in 2022, citing solid recovery potentials in manufacturing and domestic demand. The World Bank has forecasts Vietnam’s growth at 6.5-7 percent from 2022 onward as it expects a sustained global recovery will ensure strong demand for Vietnamese products in its main …

Vietnam’s Ministry of Industry and Trade has requested China’s Guangxi region to reopen its border gates with Vietnam and extend customs clearance hours to resolve the container congestion. Guangxi’s “zero Covid” measures, including shutting the border and suspending the imports of certain fruits, were unnecessary, senior trade ministry officials told …

Vietnam will begin exporting grapefruit to the U.S. in the next two months, adding one more to the list of six fruits that have gained entry to one of the most difficult markets in the world. Deputy Minister of Agriculture and Rural Development Tran Thanh Nam said at a forum …

Driven to near desperation by prolonged lockdowns, Vietnam’s textile and garments industry managed to recover quickly and regain its growth momentum towards the end of the year. Cao Huu Hieu, General Director of Vietnam National Textile and Garment Group (Vinatex), has called 2021 an “unprecedented year in history.” Thousands of …