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EFG Hermes makes a long arm for Vietnam market

EFG Hermes makes a long arm for Vietnam market

BUSINESS - May 23, 2019 | 09:19 AM GMT+7

The partnership signifies EFG Hermes’ strategy to widen its geographic footprint and identify new opportunities in the Southeast Asian nation of Vietnam, beyond its key presence in the Middle East and North Africa region.

Swiss-backed Givaudan to acquire Vietnam’s Golden Frog

Swiss-backed Givaudan to acquire Vietnam’s Golden Frog

BUSINESS - May 22, 2019 | 01:44 PM GMT+7

Givaudan has reached an agreement to acquire the Vietnamese flavours company for an undisclosed amount in a bid to strengthen its market position in naturals.

Samty backs Phat Dat Real Estate’s expansion

Samty backs Phat Dat Real Estate’s expansion

BUSINESS - May 21, 2019 | 02:47 PM GMT+7

Phat Dat Real Estate is going to receive $22.5 million from Japan-based real estate company to accelerate its ongoing projects in Ho Chi Minh City

SonKim Group bets $100 million on retail sector

SonKim Group bets $100 million on retail sector

BUSINESS - May 21, 2019 | 09:11 AM GMT+7

Apart from real estate, SonKim Group is betting big on retail, with the launch of convenient store GS25 earlier on and now restaurant chain Kyo Watami.

Vietnam real estate market showing signs of slowdown

Vietnam real estate market showing signs of slowdown

REAL ESTATE - May 21, 2019 | 09:00 AM GMT+7

The real estate market is undergoing a tightened credit and lack of supply.

Despite strong visitor growth, Vietnam tourism ranks low

Despite strong visitor growth, Vietnam tourism ranks low

NEWS - May 20, 2019 | 09:39 AM GMT+7

The country has experienced 25 per cent growth on international visitor arrivals between 2016 and 2018, with tourism receipts accounting for some 11 per cent of GDP, according to Maybank Kim Eng Research.

World Bank approves $125-million support to Ho Chi Minh City

World Bank approves $125-million support to Ho Chi Minh City

NEWS - May 20, 2019 | 09:33 AM GMT+7

The credit facility aims to remove institutional bottlenecks to enable Vietnam’s largest city and economic powerhouse to address some of its most pressing urban governance challenges.

Mitsui acquires 35 per cent stake in seafood firm Minh Phu

Mitsui acquires 35 per cent stake in seafood firm Minh Phu

BUSINESS - May 20, 2019 | 09:31 AM GMT+7

The Japanese company will also help Minh Phu to achieve further growth through the application of digital technology.

NewCo raises $261 million to acquire Phu Quoc project

NewCo raises $261 million to acquire Phu Quoc project

BUSINESS - May 17, 2019 | 02:57 PM GMT+7

NewCo Service JSC has announced its successful issuance of $261 million worth of corporate bonds to Techcombank in early May, as part of an attempt to upsize its working capital for ongoing operations.

SK Group chips in $1 billion to become Vingroup's strategic partner

SK Group chips in $1 billion to become Vingroup's strategic partner

BUSINESS - May 16, 2019 | 05:36 PM GMT+7

The Korean giant starts to expand its presence in Southeast Asia.

Vietnamese dong weakened amid China's devaluing of yuan

Vietnamese dong weakened amid China's devaluing of yuan

BUSINESS - May 16, 2019 | 09:00 AM GMT+7

The weakened dong has come as part of the Chinese yuan devaluation in the previous day, with the reported devaluation of some 0.8 per cent year-to-date, which in turn partially benefiting local exporters but also worrying importers.

Booming condotel inventory puts hotel occupancy under pressure

Booming condotel inventory puts hotel occupancy under pressure

BUSINESS - May 16, 2019 | 08:05 AM GMT+7

The rapid growth of Airbnb and condotels is posing significant challenges to traditional hotel business in Vietnam.

Vietnam could be upgraded to emerging-market status in 2021

Vietnam could be upgraded to emerging-market status in 2021

BUSINESS - May 15, 2019 | 11:21 AM GMT+7

Apart from foreign ownership limit (FOL), Vietnam should seek to address a number of issues related to the FX market liberalisation, information disclosure in English, overdraft and short selling facilities to be considered for a market upgrade on MSCI in the next two years, according to VinaCapital chief economist Michael Kokalari.

Kawara to operate onsen resort in central Vietnam

Kawara to operate onsen resort in central Vietnam

LIFESTYLE - May 14, 2019 | 01:49 PM GMT+7

Kawara My An Onsen Resort is expected to be operational late this year in Thua Thien Hue province.

Coca Cola elaborates on 'exclusively for sale in Vietnam' labelling

Coca Cola elaborates on 'exclusively for sale in Vietnam' labelling

BUSINESS - May 14, 2019 | 09:13 AM GMT+7

Local consumers have raised concern over Coca Cola’s labels of ‘Exclusively for Sale in Vietnam’ and ‘Exports are not authozised’ that has prompted the beverage giant to give explanation.

Vietnam rises to be a new manufacturing star as US-China trade war escalates

Vietnam rises to be a new manufacturing star as US-China trade war escalates

NEWS - May 14, 2019 | 08:54 AM GMT+7

In 2019 and 2020, Vietnam will be welcoming a new wave of production and manufacturing shifting from China. Such trend will give rise to the industrial property across the nation, according to CBRE.

Alpha King looks to develop elevated monorail in southern hub

Alpha King looks to develop elevated monorail in southern hub

BUSINESS - May 13, 2019 | 04:53 PM GMT+7

The Hong Kong-based company has expressed interest in setting up the first-ever elevated monorail transit system in Ho Chi Minh City.

When it comes to investing, women get it right

When it comes to investing, women get it right

LEADER TALK - May 13, 2019 | 10:00 AM GMT+7

Have you ever wondered what the opposite sex was thinking? If yes, you’re probably not alone. Many studies agree that men and women have very different ways of thinking and approaching things.

Keppel Land pledges to upsize investments in Ho Chi Minh City

Keppel Land pledges to upsize investments in Ho Chi Minh City

REAL ESTATE - May 13, 2019 | 09:00 AM GMT+7

Keppel Land is committed to furthering its investments in the southern commercial hub, paying attention to its smart property development.

Grab launches hotel booking service in Vietnam

Grab launches hotel booking service in Vietnam

BUSINESS - May 13, 2019 | 08:00 AM GMT+7

Grab customers in Vietnam can now book hotels from Agoda and later Booking.com, directly on their Grab app platform.

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