By Dr. Tung Bui, Faculty Director of Vietnam Executive MBA, University of Hawaii The year 2014 has been so far a great start for most of the world’s real estate markets. As 2013 was a great year for the stock markets, many investors are cashing in profits and moving some of their funds to real estate. Sell high, buy low, as one would say it. Illustrative photo. Apartment buildings in Hanoi Most notably, foreign investments in the real estate market have been just astounding. Chinese investors made the headline this morning in Australia as they spent almost $US.5.5 billion in Australia’s real estate market last year. According to ABC News in Australia, about 12% of new homes in Australia were bought by Chinese nationals in 2013. Credit Suisse reports that Chinese purchased 18% and 14% of new homes in Sydney and Melbourne respectively. Facing slower growth forecasts at home, and thanks to the new government policy called “Go Global”, Chinese are now in a … [Read more...] about NEWS BRIEF & COMMENT: Reviving the lackluster real estate in Vietnam with foreign investments?
Politburo member and President Truong Tan Sang chairs a working session of the 12th National Party Congress (Source: VNA) Hanoi (VNA) – The ongoing 12th National Congress of the Communist Party of Vietnam (CPV) has been widely covered by international press in recent days. Japan’s NHK World website on January 21 ran an article saying the National Party Congress is the most important political event for Vietnam and is held once every five years. More than 1,500 representatives from across the country will choose the leadership and discuss national policies. The meeting is also expected to call for further economic reforms and sustainable growth in line with recent progress in regional economic integration, especially in the context of Vietnam being one of 12 signatory countries to the Trans-Pacific Partnership (TPP) agreement last year, and a member of the ASEAN Economic Community, which was established last month, the article said. Sankei newspaper of Japan on January 22 … [Read more...] about 12th National Party Congress makes headlines in foreign countries
National Highway 5 to have more bus stops The Directorate for Roads of Việt Nam (DRVN) has asked provinces and cities of Hưng Yên, Hải Dương, Hải Phòng and and Hà Nội to set up more bus stops along National Highway 5. The purpose is to make travel more comfortable for passengers and restore traffic order. National Highway 5 is a major road in northern Việt Nam connecting Hà Nội to the port city of Hải Phòng. Coaches operating along the Hà Nội-Hải Phòng route transport some 10,000 travellers per day. However, the lack of bus stops and frequent violations by transport firms while picking and dropping passengers have resulted in disorder and threatened traffic safety along the road. Following an on-site inspection, the DRVN asked transport departments to set up 11 more bus stops in Hưng Yên Province, 16 more in Hải Dương Province and with more in Hải Phòng City, along with clear signs on the stops. In Hà Nội, the inspection revealed that the bus stops were small and too narrow, not … [Read more...] about Social News 25/9
Sa Pa strives to become key global tourist attraction With beautiful landscapes, friendly people and special cultural identities, Sa Pa town in the northern mountainous province of Lao Cai has been exerting every effort to become a key tourist attraction in the world. The information was revealed by Nguyen Huu The, Vice Chairman of the provincial People's Committee at a recent press conference introducing political, cultural and tourist events in the province between 2016 and 2017. To make the dream come true, Sa Pa is focusing on improving infrastructure, accommodations and services to better serve tourists, especially the building of accommodation facilities of three stars or more, said Ha Manh Thang, Director of the provincial Department of Culture, Sports and Tourism. The upcoming inauguration of the Lao Cai-Sa Pa expressway is expected to make it easier for the town to lure visitors, he added. Located at 1,600 metres above the sea level in Vietnam's northwest mountains, Sa … [Read more...] about Social News 18/9
Many international news agencies and media on May 27 posted articles highlighting a Chinese vessel’s ramming and sinking a Vietnamese fishing boat. France’s AFP news agency reported that the incident occurred on May 26 when a Vietnamese fishing boat was encircled by 40 Chinese vessels before being attacked. The boat was sunk about 17 nautical miles southwest where China’s oil rig Haiyang Shiyou-981 is illegally standing. Ten fishermen on board were promptly rescued by other Vietnamese fishing vessels. The new agency also quoted the Japanese Government spokesperson Yoshihide Suga as describing China’s act as “extremely dangerous”. Meanwhile, the UK’s BBC radio highlighted Vice Chairman of Vietnam’s National Assembly Huynh Ngoc Son calling China’s ramming of boats as “terrorist attacks” aiming to intimidate Vietnamese fishermen. According to the radio, Vietnam has protested China’s illegal placement of the oil … [Read more...] about Chinese ship sinking of Vietnam’s fishing boat makes global headlines