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Despite strong visitor growth, Vietnam tourism ranks low

Despite strong visitor growth, Vietnam tourism ranks low

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.
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.

Mekong Capital invests in Pizza 4P’s

Mekong Capital invests in Pizza 4P’s

BUSINESS - May 11, 2019 | 12:22 PM GMT+7

Pizza 4P’s is Mekong Enterprise Fund III’s ninth investee company.

Fulfilling past promises may further foster Vietnam’s FDI growth

Fulfilling past promises may further foster Vietnam’s FDI growth

LEADER TALK - May 11, 2019 | 10:17 AM GMT+7

If Vietnam wishes to draw in more quality foreign investment, particularly in the field of high tech, there definitely is the need for the nation to improve its institutional and legal reforms, say representatives of foreign business community

Novaland contracts Lotte E&C to build luxury condo complexes

Novaland contracts Lotte E&C to build luxury condo complexes

REAL ESTATE - May 10, 2019 | 11:54 AM GMT+7

It is the first time the Ho Chi Minh City-based property developer has appointed a foreign contractor for its high-end projects.

Vingroup quits Saigon Safari Park to venture into public transport

Vingroup quits Saigon Safari Park to venture into public transport

BUSINESS - May 10, 2019 | 11:10 AM GMT+7

The multi-business giant has expressed keen interest in providing public transport in Ho Chi Minh City.

FastGo debuts helicopter-sharing service

FastGo debuts helicopter-sharing service

BUSINESS - May 10, 2019 | 11:00 AM GMT+7

The helicopter ride-sharing service provided by FastGo to explore Halong Bay will cost around $130 per person.

TH Group kicks off $162 million dairy farm project in Thanh Hoa

TH Group kicks off $162 million dairy farm project in Thanh Hoa

BUSINESS - May 10, 2019 | 10:53 AM GMT+7

TH Group is putting in place another high-tech dairy farm project in Thanh Hoa province, which will be home to over 20,000 cows and a processing plant with designed capacity of 300 tonnes of milk a day.

Fitch revises Vietnam’s outlook to positive from stable

Fitch revises Vietnam’s outlook to positive from stable

NEWS - May 10, 2019 | 10:48 AM GMT+7

Fitch Ratings has affirmed Vietnam’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘BB’ and revised the outlook to positive.

Vietnam looks to court well-heeled travellers

Vietnam looks to court well-heeled travellers

NEWS - May 10, 2019 | 08:09 AM GMT+7

International tourists are spending less in Vietnam than in other regional countries.

Marina Complex project hits roadblock over environmental concerns

Marina Complex project hits roadblock over environmental concerns

REAL ESTATE - May 09, 2019 | 06:11 PM GMT+7

The development of Marina Complex has been put on ice as the local government orders a legal review on its encroachment on the bank of the Han River.

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