Heineken to shift production from Singapore to Vietnam and Malaysia
Dutch brewer Heineken will shift its brewing production from Singapore to Vietnam and Malaysia as part of its strategy to build a more agile regional supply approach.
Hotel market in Viet Nam to grow by US$2.12 bln in 2021-2026
The hotel market in Viet Nam is expected to grow by US$2.12 billion during 2021-2026, progressing at a compound annual growth rate (CAGR) of 14.43 percent in the forecast period.
 |
According to Technavio, a U.S.-based lea
The expansion of this market will be fueled by the travel and tourism sector's steady expansion as well as significant investments in 5- and 4-star hotels as leisure travel to Viet Nam rises in popularity, the report says.
The worldwide hotel market in Viet Nam is expanding as a result of factors like increased affordability and disposable income.
The growth is attributable to Viet Nam's consistent economic growth and the substantial increase in per capita disposable income.
Additionally, a person's ability to spend money will increase when the degree of income inequality between classes gradually declines.
During the projection period, market expansion in Viet Nam will be further fueled by the increased purchasing power of end users and their fast-expanding population, stresses Technavio.
CBRE, the world's largest commercial real estate services firm, predicts that 2022 would open a golden opportunity for the southern metropolis Ho Chi Minh City's 4-5-star hotel market, with encouraging progress in the first half and more accelerating growth in the second half.
The market is expected to welcome a new supply of 2,803 rooms from 13 projects, accompanied by the entrance of multiple high-class hotel brand names such as Ritz Carlton, Mandarin Oriental, Hotel Indigo and Avani.
Dành cho bạn
Đọc thêm
Lynas secures Vietnam metal processing deal with LS Eco Energy
Australian rare-earths miner Lynas has signed a framework agreement with LS Eco Energy to produce rare earth metals at a new facility in Vietnam.
Vietnam and EU seek to strengthen ties in transport infrastructure and urban development
Vietnam and the EU will enhance cooperation in transport infrastructure and sustainable urban development in the future, a meeting has heard.
Warburg Pincus eyes participation in Vietnam International Finance Centre
Global private equity firm Warburg Pincus is keen on participating in the Vietnam International Finance Centre, according to a conference held on March 23.
Novatek eyes expanded LNG cooperation in Vietnam
As Vietnam races to secure its energy future and meet the demands of its surging economy, a new partnership with a Russian energy giant is taking shape, signalling a deepening of the nations' long-standing ties.
EU to mobilise over $1 billion for major infrastructure projects in Vietnam
The European Union has launched a $46.4 million Sustainable Transport Development Fund to support large-scale infrastructure projects in Vietnam, with plans to mobilise additional financing from banks and private partners.
NIC partners with TU Berlin to boost Vietnam innovation ties
The National Innovation Centre has partnered with a leading technical university in Berlin to strengthen innovation and startup linkages between Vietnam and Germany.
ACB proposes $20 million non-life insurance subsidiary
Southern lender ACB has unveiled a formal proposal to establish a non-life insurance subsidiary as part of a strategic pivot to evolve into a comprehensive financial services provider by 2030.
