A new trend has emerged in Hanoi’s office leasing market in the first three months of 2019 due to the declining supply in the city centre as well as the disadvantages in amenities and price. Hanoi’s real estate market is now expanding from the centre, towards the neighbouring areas and new business centres. Tenants now prefer office buildings in the west of Hanoi.
Compared to other industries, Vietnam's automobile industry has not really contributed to the economy in general and industry in particular. However, with the rise of some new businesses, the automobile manufacturing industry still has a chance to grow.
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As many as 43,305 new enterprises with total registered capital of VND542.4 trillion (US$32.3 billion) were established in the first four months of 2019, up 4.9 per cent in number and 31.7 per cent in capital from the same period last year, according to the General Statistics Office (GSO).
The draft law on Public-Private Partnership proposes to establish a fund for PPP projects to manage and operate state capital, as well as providing government guarantee to PPP projects (a contentious topic that drew support from seven out of 14 ministries) or set up a budget using mid-term public investment capital (which is approved by five of 14 ministries and agencies).
Former Deputy Minister of Labor, Invalids and Social Affairs Le Bach Hong, 65, who also served as the general director of Vietnam Social Security (VSS), may face prosecution for his role in causing losses worth VND1.7 trillion (US$73 million) for VSS.
So far, Viet Nam houses four key economic regions including the northern key economic region (comprising seven provinces and cities); the central key economic region (five provinces and cities), the southern key economic region (eight provinces and cities), and the Mekong Delta key economic region (four provinces and cities). The four key economic regions include 24 provinces and cities, accounting for 27.3% of the country’s total areas, 27% of the national population, and 89% of national GDP.
Besides, Vietnamese companies confront input price and source pressures. According to the Vietnam Plastics Association (VPA), the country’s plastic industry needs an average of 2 - 2.5 million tons of raw materials each year but 75 - 80% of them come from imports. The carton packaging industry faced material price hikes in 2014 (rising by 60 - 80%) while output price climbed only 20 - 40%. The area for input materials is shrinking while paper import tax picks up 5 - 17%.