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The development of the night-time economy (NTE) in Vietnam is considered a new motivation for the country amidst numerous difficulties caused by the current pandemic, thanks to better exploiting the potential of tourism and other services, as well as promoting the culture and cuisine of Vietnam to the wider world.
The vast Red River Delta, the historic cradle of Vietnam that is home for about 20 million people and bountiful natural resources, is attracting a great deal of attention from domestic and foreign investors.
HSBC has named Vietnam as one of its top priority markets in the Asia-Pacific region. “Vietnam is a huge potential market. It is one of the emerging markets in Asia-Pacific where we are deeply keen to expand our operations,” HSBC Asia Pacific president and CEO Michael Smith said after an informal shareholders’ meeting in Hong Kong last Tuesday.
Government officials remain divided over a draft law that would level the playing field between foreign and Vietnamese investors, as authorities debate whether articles regulating investment incentives and the state investment should be included.
HANOI’S office leasing market is consolidating with low vacancies and a gradual growth in rents after years of stagnation as the result of the Asian economic malaise that began in 1997.