Business News

According to the research results of Jones Lang LaSalle Incorporated (JLL), a professional services and investment management company specialising in real estate, although the global economy has not prospered, Southeast Asia still remains a bright spot for investors. Accordingly, ASEAN economic growth remains at 5 per cent per year, which is quite high compared to the global average growth of 3.5 per cent per year. This is creating a huge advantage for developing countries like Vietnam, particularly in the real estate sector.

As you might know, the Prime Minister will be again holding a Dialogue with the business communities in 2017. The Dialogue is expected to be taken place around the end of March or the beginning of April. The date and specific venue (Hanoi) will be confirmed later.

Deputy Prime Minister Vuong Dinh Hue has asked ministries to review the collection of fees for the use of infrastructure, service facilities and public utilities at all ports in northern Hai Phong City.

Manufacturing issues have only grown more complex, manufacturers now find themselves under pressure for more rapid change to optimize costs, quality and efficiency. "Vietnam Manufacturing Expo (VME) 2017" will come back as its 9th edition from 26 - 28 April, 2017 at Hanoi International Center For Exhibition (I.C.E., Hanoi) and focus on the “manufacturing intelligence” to serve current call.

HCMC - Banks have said credit in the banking system expanded 2.18% in January, much higher than in the same month of previous years. In January last year, credit declined 0.2% compared to December 2015. Credit at the end of the first quarter last year grew 1.54% against late 2015. The credit growth target for this year is about 18%, the same as in 2016.

In the first two months of 2017, the Vietnamese real estate market has not experienced major changes. It even witnessed a slight decline in deals from late 2016. The market development has fuelled investors with anxiety because many specialists have warned against potential hardships in 2017.

According to statistics of the Foreign Investment Agency (FIA), Ministry of Planning and Investment of Vietnam, in January 2017, the country attracted US$1.4 billion of foreign direct investment (FDI), of which the real estate industry attracted US$297 million (21.2 per cent of the total FDI), ranking 2nd only to the processing and manufacturing industry.

Enterprises in Bình Dương’s southern industrial hub are seeking 22,700 workers to participate in a job fair held on Sunday. According to Nguyễn Thanh Phương, deputy director of the local job service centre, participating firms need over 22,700 labourers - 21,000 manual workers and over 1,600 professionals.