Vietnamese enterprises’ knowledge about circular business is limited, with only 20 – 30 per cent clear and 3 – 6 per cent very clear, according to CIEM’s survey.
The Vietnamese property developer continues to approach the world’s leading consultants to hasten the development of the mammoth NovaWorld Phan Thiet tourism city.
Indochina Capital Chief Operating Officer Michael Piro talks about emerging destinations for hospitality investment in Vietnam.
Apart from foreign ownership limit (FOL), Vietnam should seek to address a number of issues related to the FX market liberalisation, information disclosure in English, overdraft and short selling facilities to be considered for a market upgrade on MSCI in the next two years, according to VinaCapital chief economist Michael Kokalari.
Multi-business giant Vingroup has announced the establishment of Research Institute for Artificial Intelligence, which will be led by a former Google specialist.
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Although US President Donald Trump and North Korean leader Kim Jong Un walked away from their summit in Hanoi with no deal, Michael Kelly, Executive Chairman of Ho Tram Project Company, which is developing a $4.2 billion casino resort in Ba Ria – Vung Tau province remains upbeat on the event’s impacts on the Vietnam’s tourism industry.
Vietnamese readers are probably aware of the many risks associated with the property market in Vietnam, but if we look at overseas luxury property booms that later went bust, we can see a few other lessons for investors to consider.
In reality, figures show that the growth of domestic tourists is the answer for seaside tourism real estate market in the future, according to Michael Piro, Chief Operating Officer of Indochina Capital Corporation.
With the strong development of tourism industry, impressive economic growth, and the efforts of Vietnam in improving infrastructures, the country's seaside real estate has a lot of potentials to grow strongly, according to chief operating officer of Indochina Capital Michael Piro.
Enthusiasm for real estate in special economic zones might seem justified when considering the impressive plans, but investors should listen to skeptical voices as well.
The economic structure has not been shifted and investment resources are being shifted mostly into the old and low value-added sectors, which are reflecting a distortion in Vietnam's labor productivity, according to Nguyen Duc Thanh, Vietnam Institute for Economic and Policy Research's president.
Western tourists are not better or more desirable than those from East Asia but the tourism industry’s growing dependence on domestic and regional tour groups may be unhealthy in the long run.
The Vietnamese government has expressed concern over Trump’s plans, although they are unlikely to have a major direct impact on Vietnam’s economy. The US accounts for 11.1% of Vietnam’s steel exports, but steel accounts for less than 2% of Vietnam’s total export portfolio.
Apart from the traditional business investment fields such as securities and real estate, in 2018 the fields associated with 4.0 generation technology, green growth are forecast to achieve outstanding growth, according to Bui Tat Thang. Ph.D - Director of Vietnam Institute for Development Strategies,
