A shortage of affordable property, poorly-placed social housing and rising high prices are lingering as the three largest problems Vietnam’s property market is set to face throughout this year. No affordable propertyFor every 100 apartments sold in Hanoi last year, only…
Analysts Note Increasing U.S. Share in Vietnam’s Exports, Especially in Electronics Approximately 20% of Vietnam’s exports were destined for the U.S. in 2017, a figure that rose to 30% by 2022. This surge positions the U.S. as the primary importer…
A new air traffic control center, valued at VND1.5 trillion (approximately US$61.3 million), has begun construction in Ho Chi Minh City to replace the aging facility at Tan Son Nhat International Airport. Situated in Tan Binh District, the upcoming facility…
Following Prime Minister Pham Minh Chinh’s approval of the city’s planning until 2030 and its vision to 2050, Danang is poised for significant growth, converging various factors to propel rapid development. Proactively seeking new avenues for growth, Danang is particularly…
Vietnamese businesses and government authorities are actively addressing the challenges in the global economy to enhance industrial production at the onset of 2024. Despite a 4.4% month-on-month decline in January, the General Statistics Office (GSO) reported an 18.3% year-on-year increase…
Vietnam’s foreign investment outlook for 2024 remains promising, with the country already witnessing a surge in project attraction at the onset of the year. According to the Foreign Investment Agency under the Ministry of Planning and Investment, Vietnam recorded over…
Vietnam ended 2023 on a positive note, buoyed by encouraging signs that could propel the nation towards its ambitious goal of advancing the semiconductor industry. Among the notable indicators was the prominence of ‘semiconductor’ and ‘chip’ as the most-discussed keywords…
Experts suggest that amendments to the Land Law, Housing Law, and Real Estate Trading Law will effectively curtail real estate speculation and address inefficient land usage. The updated Real Estate Trading Law now bars the transfer of land use rights…
Despite facing significant challenges, the Vietnamese economy is poised for further recovery, driven by a surge in domestic consumption and production, which are among the government’s top priorities to achieve its new growth targets. Outlined in its 2024 resolution on…
Vietnamese State President Vo Van Thuong has extended heartfelt wishes to the people of Vietnam and foreign friends as the Lunar New Year – the Year of the Dragon – approaches. “At this auspicious and sacred juncture in nature, we…