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VIETNAM ECONOMY INVESTMENT

MAJOR TRENDS IN HANOI OFFICE LEASING MARKET IN FIRST QUARTER

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.

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VIETNAM ECONOMY INVESTMENT

VIETNAM AUTOMOBILE INDUSTRY: DIFFICULT BUT PROMISING

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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VIETNAM ECONOMY INVESTMENT

EXPERIENCE A UNIQUE MEETING ENVIRONMENT SURROUNDED BY CULTURE AND HERITAGE

Business and pleasure blend for inspiring meetings in the charming surroundings of Anantara Hoi An Resort. Host your tailor-made corporate gathering at our boutique retreat by the river, a refreshing change of scenery.

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VIETNAM ECONOMY INVESTMENT

MORE THAN 43,300 NEW FIRMS SET UP SO FAR THIS YEAR

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).

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VIETNAM ECONOMY INVESTMENT

EXPERTS AND MINISTRIES DIVIDED ON DRAFT LAW ON PPP

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).

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VIETNAM ECONOMY INVESTMENT

POLICE WEIGH CHARGES AGAINST FORMER DEPUTY MINISTER

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.

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VIETNAM ECONOMY INVESTMENT

A BOOST FOR SOUTHERN KEY ECONOMIC REGION

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.

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VIETNAM ECONOMY INVESTMENT

OPPORTUNITY FOR PLASTIC, PRINTING AND PACKAGING INDUSTRIES DEVELOPMENT

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%.