Overview of Ritz Carlton project in Hanoi (Photo: vneconomy.vn)
Hanoi (VNA) – The US’s Bloomberg has hailed Vietnam as a growth hotspot for branded residences in Asia in its recent article.
🌄 The newswire said Vietnam’s number of high and ultra high network individuals have increased impressively over the past five years, with those amassing over 1 million USD and 30 million USD accounting for 26 percent and 108 percent, respectively. Therefore, owning a branded apartment is considered a “testament” to their class, apart from the purpose of living and pure investment.
Several Ritz Carlton projects (Photo: vneconomy.vn)
The growth arose from Vietnam’s impressive economic growth. In 2019, Bloomberg said Vietnam was one of the fastest growing economies globally with a growth of over 6 percent in 20 consecutive years.
The South China Morning Post also wrote that Vietnam’s property sector has been increasingly favoured by international investors because of its stellar economic growth. The US-based hotel operator Marriott International is also making a foray into Vietnam’s branded residence segment.
🥂 In early 2021, Marriott International announced the first branded residence project in Vietnam – Grand Marina Saigon in District 1, Ho Chi Minh City. It also plans to embark on another branded Ritz-Carlton in downtown Hanoi in late 2023./.
High-end and luxury housing continues to be an attractive segment in the national real estate market, with high demand and a good purchasing scale, experts have said.
Hanoi expects to attract more foreign buyers on its real estate market as a rising number of foreign experts and entrepreneurs are working in the capital city.
Vietnam’s real estate market became the second most attractive investment field for foreign investors after it lured 1.1 billion USD in foreign direct investment (FDI) during January-April, or 7.5 percent of the total FDI inflow just behind the manufacturing and processing sector.
Experts gathered at a recent conference in HCM City to discuss measures to develop a transparent and sustainable property market in Vietnam in the next 10-15 years.
Six Senses Ninh Van Bay in the south central province of Khanh Hoa has been named in the list of 11 breathtaking eco-resorts in the world to visit in the summer of 2021 as selected by Euronews, the Nhan dan newspaper reported.
China’s Laoling city, in coordination with VINEXAD, hosted a series of events in Ho Chi Minh City from August 7-9 to seek trade and economic cooperation with Vietnam.
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Overview of Ritz Carlton project in Hanoi (Photo: vneconomy.vn)
Several Ritz Carlton projects (Photo: vneconomy.vn)
