The average rent stood at $175 per square meter in the second quarter,the highest in the country, after rising slightly from a year earlier, it said in its second quarter report on industrial real estate. But there was a slowdown in transactions from April when Covid resurged.
More than 100 Vietnamese companies took part in an online business matching event with entrepreneurs from Moscow, Russia, on July 20.
Supply chain disruption threatens foreign giants as Covid-19 rages as HCMC and southern provinces undergo strict social distancing orders for at least two weeks, factories are scrambling to keep their production going while ensuring workers’ safety.
GBS has been named “Best M&A Advisor Vietnam 2021” by World Economic Magazine.
Vietnam Railways (VNR) on July 20 added a new rail freight link from Vietnam to Belgium, with the first train departing from Yen Vien station, Hanoi, and expected to arrive at Liege City in Belgium.
Vietnamese Government has rolled-out interest-free loans for companies to pay salaries.
The increasing presence of foreign giants has put great pressure on domestic retailers.
The Vietnamese market with a population of nearly 100 million is attracting both foreign and local food suppliers, with many local exporters turning to the domestic market to overcome this difficult COVID-19 period.
As with all other Asian bicycle parts manufacturers, saddle maker DDK Group has also reported overwhelming demand for their products. DDK’s existing Vietnam factory in Thủ Dầu Một has a production capacity of 10 million saddles annually, while the company reports that their regular customers have forecast 15 million units for next year.
Vietnam is set to see rapid expansion in terms of mobile wallet usage with mobile wallet penetration to reach nearly 55 per cent by 2025.