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Category Archives: Business

Giant tourism projects in Central Region to be revoked

VietNamNet Bridge – Being registered with tens of millions of dollars in capital and noisily advertised, many foreign invested projects in the field of tourism remain standstill due to lack of funds or problems with site clearance. “The situation is very difficult,” said Mr. Vo Tan Thai, Director of the Department of Planning and Investment of Khanh Hoa province — ... Read More »

HCM City calls for investment in Thu Thiem urban area

VietNamNet Bridge – HCM City is holding a conference to promote investment in the Thu Thiem urban area on May 8 to introduce potentials and call for investment in the most beautiful urban area in Southeast Asia. Site clearance has reached more than 99 percent but due to economic recession, the Thu Thiem urban area is still desolate. The expected ... Read More »

Businesses got bankrupted; businessmen turn into hired workers, gardeners

VietNamNet Bridge – A lot bosses have become hired workers in the economic crisis, many businessmen have become penniless, and many millionaires have returned to their home villages to work on the rice fields. Getting home after a hard working day, Nguyen Vinh Quang in Hai Ba Trung district in Hanoi, had dinner in a hurry, because he needed to ... Read More »

Vietnam’s exports to Singapore surge

Vietnam’s exports to Singapore reached 692.3 SGD (around 554 million USD) in the first quarter of 2013, increased by more than 30 percent over the same period last year. According to the Singapore Department of Statistics (DOS), mobile phones and components, machinery, equipment, tools and spare parts were key items imported from Vietnam in the quarter. DOS noted the reappearance ... Read More »

5-star hotels to take up Hanoi’s market

VietNamNet Bridge – Market survey firms, which believe that more and more high income tourists would come to Hanoi, have all predicted that more 5-star hotels would be available in the city by 2015. Dau tu has quoted the report of the Vietnam National Administration of Tourism (VNAT) as saying that 1.8 million foreign travelers came to Vietnam in the ... Read More »

Belgian brewery manufacturer rouses Vietnamese enterprises from sleep

VietNamNet Bridge – The Vietnamese market is believed to become scalding hot with the presence of the big guy from Belgium Aneuser-Busch Inbev (AB Inbev), slated for the next year end. Reuters has quoted its sources as reporting that the biggest brewery manufacturer is moving ahead with its plan to march towards Vietnam the next year end. It plans to ... Read More »

Chinese frogs, fish go easily through quarantine stations to enter Vietnam

VietNamNet Bridge – Chinese meat and seafood of different kinds, from frogs, shrimp to cuttlefish and eels, have been imported in large quantities to Vietnam through illegal channels. Smuggled sturgeon from China crushes Vietnam’s farming Hundreds of tons of fish and shrimp have been crossing the border gates every day to enter the Vietnamese market. Border management agencies said they ... Read More »

Both bourses seeing shares climb

Shares on both stock exchanges rose on May 6 with the VN-Index on the Ho Chi Minh Stock Exchange climbing 2.75 percent to finish the session at 488.32 points and the HNX-Index on the Hanoi Stock Exchange jumping 2.84 percent to a close of 60.74 points. Active trading by both domestic and foreign investors on the day pushed values on ... Read More »

Central coastal region leads in FDI attraction

In the first four months of 2013, the northern central coastal and central coastal provinces have led in foreign direct investment (FID) attraction. According to statistics from the Foreign Investment Agency under the Ministry of Planning and Investment, Vietnam has attracted 8.2 billion USD from foreign investors in the reviewed period, a 17 percent increase compared to the same period ... Read More »

Vietnam’s exports to Singapore surges

Vietnam’s exports to Singapore reached 692.3 SGD (around 554 million USD) in the first quarter of 2013, increased by more than 30 percent over the same period last year. According to the Singapore Department of Statistics (DOS), mobile phones and components, machinery, equipment, tools and spare parts were key items imported from Vietnam in the quarter. DOS noted the reappearance ... Read More »