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Chipmaker Nvidia is recruiting engineers and managers for its operations in Hanoi, where it seems set to design and produce graphic processing units. It is seeking to fill nine positions, including those of IT, senior production support and system test design…
Rents for retail space could rise by 17-18% this year in downtown Hanoi and by 8-9% on the city’s outskirts, property consultancy CBRE has forecast. They might grow by 10% and 3% annually in the next three years, it added. CBRE said the average monthly rent…
Hanoi apartment prices have risen by 38% from 2019 and prices have shot up even in buildings that are 5-10 years old, according to the Ministry of Construction. Many projects sell at over VND60 million ($2,367.80) per square meter, rising to even VND150…
Siemens has expressed interest in Vietnam’s North-South highspeed railway and offered to provide vehicles for the project. Siemens president and CEO Roland Busch told Prime Minister Pham Minh Chinh at a meeting in Hanoi Monday that the company can transfer…
Hanoi apartment owners are spending up to hundreds of million dong (VND100 million = $4,200) on parking spots in their building due to insufficient space to accommodate increasing car ownership. For the first time in two years, Phuong Linh in Hanoi’s Ha Dong…
At a building in Hanoi’s Cau Giay District on Wednesday evening, many queued up outside to register to buy an apartment at NHS Trung Van, a new social housing project that has been available since the end of March. The project is being built on a…
Hanoi Metro, the operator of the capital’s first metro line, posted its first profit last year at nearly VND97 billion ($4.14 million). The profit was a turnaround from the VND37 billion loss recorded in 2021. The company saw revenues surge sevenfold to…
Amid rising interest rates, Hanoi’s cash-strapped villa investors are slashing prices by up to 40% to lure customers. Loi spent VND32.5 billion (nearly $1.4 million) on a 180-square meter villa near Ring Road No. 3.5 in mid-2022. He paid for the house with a…
The number of house and apartment transactions in the north and the south in 2022 fell to the lowest level in 5 years, according to report by real estate agencies. The report said that the apartment market in Ho Chi Minh City and in some southern provinces…
The Cat Linh – Ha Dong Metro Line in Hanoi has received an additional VND911 billion ($38.6 million) capital increase. The money will come from state coffers, with 24.4% of it from domestic funds and the rest foreign funds, according to a decision signed by…
The Hanoi Department of Transportation has proposed to the municipal People’s Committee that a public bike service be launched in the capital city for a 12-month trial period. Under the proposal, private firm Tri Nam will provide 1,000 bikes, 50% of them…
Hanoi company Airlios has demonstrated a flying electric car which it plans to sell commercially in 2024. The single seater, also called Airlios, could fly vertically to reach 10 meters within 10 seconds and then fly at speeds of 100 kilometers per hour, the…
More than 100 jars of rice wine distilled with pythons, large lizards, cobras and deer have been found at two condo apartments in Hanoi. The wine had been put up for sale at the two apartments in La Khe Ward of Hanoi’s Ha Dong District. The owners of the wine…
Power output in the northern region topped 22,800 megawatts at noon on Monday, 9 percent higher than last year’s peak, amid an ongoing heatwave. Hanoi and 14 provinces in the northern and central regions have been recording temperatures of up to 38 degrees…
Grab has become the first ride-hailing firm in Vietnam to announce a new surcharge on its motorbike services starting Thursday. The surcharges are VND5,000 (20 U.S. cents) for each GrabBike trip and GrabFood order in some localities including HCMC, Hanoi, Hai…
Japanese retail giant Aeon Mall wants to invest in 3-4 more projects in Hanoi by 2025. At a recent meeting with Hanoi Party secretary Dinh Tien Dung, Nagakawa Tetsuyuki, general director of Aeon Mall Vietnam, said the Aeon Mall Hoang Mai project is now in its…
