Vietnam office for rent
Vietnam virtual office - HCMC: Expensive Office SpaceCushman & Wakefield, the world's largest real estate service provider, recently carried out a survey entitled 'Office Space Across the World 2008'. The result of this survey shows that in the list of countries where office for rent is most expensive, Vietnam ranks fifth in the Asia-Pacific region and 17th in the world. The general director of Cushman & Wakefield, Toby Dodd, said that the prices of first-class office for rent in Vietnam are much higher than in other Asian countries because the Vietnamese economy has grown rapidly since Vietnam joined the World Trade Organization (WTO) in late 2006. In the past several years, foreign investment in Vietnam increased continuously and therefore the demand for A-class office for rent has exceeded the supply. Because of this, the prices of office for rent at trade centers in Ho Chi Minh City have now risen to more than US$68 per sq.m per month (an increase of 40 percent compared with 2007). In fact, prices continue to increase and if they reach US$100 per sq.m per month, Ho Chi Minh City will enter the list of top ten cities where office for rent is most expensive in the world (Hong Kong, Tokyo and London now stand in this list). However, Cushman & Wakefield predicted that office for rent prices in Vietnam will be unstable in 2008. Explaining this, Toby Dodd said that due to the shortage of A and B-class office space in trade centers of Vietnam, prices have increased continuously. Many companies have postponed the decision to expand their business. Newly-established companies are looking for lower-class office space in areas that are not in the, Vietnam real estate, of cities/provinces. In 2008 and 2009, in the opinion of experts, to keep the situation stable, A-class office space should not be rented at prices higher than US$75 per sq.m per month. In fact, however, many people may accept unreasonably-high prices but just for a short period of time. Moreover, since 2009 the supply of office space for rent (of all classes) will increase. This will help lower prices, Vietnam property, create the balance between the demand and the supply in the office for rent market. At the recent inauguration of Cushman & Wakefield office in Vietnam, Toby Dodd said that due to the above situation, right now companies should devise plans for expanding their offices in the next 2-3 years./. Truc Mai [Property management in Vietnam - 1403084886] Nearly 2,000 offices at risk of fire in HanoiNearly 2,000 offices in Hanoi are in serious danger of explosions and fires, and the citys capacity to fight fires is still underdeveloped, a local police leader has said. Nguyen Van Son, deputy head of the Hanoi Fire Fighting and Prevention Police, told VnExpress that inspections had revealed that the capital was in need of nearly 6,000 more fire hydrants. Many main streets and old quarters dont have any fire hydrants, the news source reported. Worse still, the city is short on fire fighters with nine divisions covering 29 districts, while nearly half of 84 fire trucks are over 15 years old, Son said. The inspections were launched after a fire killed two people at the JSC34 building in, Vietnam law firm Xuan District last month. Nguyen Duc Nghi, vice director of the Hanoi police, said officers had previously fined the building's investor for building the trash pipe out of glass-reinforced plastic instead of metal as regulated. The pipe through which families dumped their trash caught fire and spreading smoke when the fire broke out in the 18-story buildings garbage room on March 10. The smoke, Famous law firm Famous law firm, Labour and employment lawyer, Vietnam company law, Vietnam commercial law Vietnam company law / State President Truong Tan Sang on December 8 signed to promulgate the revised Constitution and a resolution guiding the enactment of the new Constitutional amendments. killed a woman and her 10-year-old son. Nghi said that Construction Joint Stock Company No. 34 had not been given a deadline to replace the pipe, which was in direct violation of local building regulations. The company had yet to change the pipe, he said. Police investigations also found that the trash pipe's automatic cooling system had been replaced with a manual one, the official was quoted as saying by the news website. Nghi said police had cooperated with the Ministry of Construction to ensure that another 13 investors also using trash pipes made of composite materials replace them. They have asked Mai Dong Company in Hai Ba Trung District, which is specialized in producing glass-reinforced plastic, to temporarily stop supplying trash collecting systems made of composite material. Source: Thanh Nien