Other Briefings
Vietnam Attracts US$20 Billion in FDI for 2009
Dec. 28 – Vietnam attracted US$21.48 billion in foreign direct investment in 2009, the Foreign Investment Department for Vietnam’s Ministry of Planning and Investment said on Sunday. Although it was just 30 percent of last year’s total foreign investment, the amount wasn’t bad given the economic crisis, the department stated on local newswire Vietnamnet, noting […]
HCMC Targets 2.8 Million Foreign Visitors for 2010, Sees 7% Drop in 2009 Arrivals
Dec. 22 – Ho Chi Minh City hopes to welcome 2.8 million foreign visitors in 2010 after posting the first decline in arrivals since 2003 this year. La Quoc Khanh, deputy head of the Department of Culture, Sports and Tourism, said the drop of 7 percent in foreign arrivals had been expected since the middle […]
Vietnam Opens Cross-Border River Trade with Cambodia
Dec. 18 – Cambodia and Vietnam have agreed to a treaty that will open Mekong waterways to increases trade and tourism. The Treaty on Waterway Transportation legally binds Cambodia and Vietnam to reducing the official restrictions that have existed for cross-border navigation, according to the the Mekong River Commission.
Foreign ROs Dwindle with Declining Tourist Arrivals
Dec. 16 – Foreign tourism companies with representative offices in Ho Chi Minh City have closed down in the past year due to declining tourist arrivals. The number of representative offices were estimated at 16 last month from 24 in September last year reports Thanh Nien News with most of the foreign tourist companies coming […]
ADB Approves US$630 Million Loan to Reform SOEs
Dec. 15 – The Asian Development Bank (ADB) has approved US$630 million in financial support for Vietnam to reform its state-owned enterprises to make them more efficient and profitable as well offer opportunities for the private sector. The multitranche financing facility for the SOE Reform and Corporate Governance Facilitation Program will help government efforts to […]
Real Estate Prices in Downtown Hanoi to Climb by 21 Percent
Dec. 14 – Land valuation in downtown Hanoi will increase by as much as 21 percent next year based on a new proposal submitted by the Hanoi People’s Committee. The proposal sets next year’s prices for the city’s main commercial streets like Hang Ngang and Hang Dao in Hoan Kiem District at VND81 million (US$4,300) […]
IBM to Develop E-Government Center for Ho Chi Minh City
Dec. 11 – IBM will develop an e-government cloud for Ho Chi Minh City to enable a one-stop solution for government services and allow better access to government information. According to technology news site, Sys-Con Media, the company will first consolidate all of the city government’s e-mail systems and web sites. IBM will also be […]
Hanoi Petitions for Additional US$144.5 Million for Anniversary Projects
Dec. 10 – The Hanoi People’s Committee is requesting for an additional VND2.6 trillion (US$144.5 million) for projects slated for the city’s 1000th anniversary next year. The city has 34 projects lined up of this kind with nine of those already completed that includes: The Hanoi Library, the statue of King Le Thai To, the […]
Savills: Danang Tourism Property Market Taking Off
Dec. 9 – The central coast city of Danang’s tourism property segment is emerging said real estate company Savills Vietnam. Savills said that projects for villas are emerging quickly in the area with developments along the Son Tra-Dien Ngoc coastal road from Danang to Hoi An to be finished in a few years time.
Vietnam to Sell US$1 Billion Foreign Bond in January
Dec. 9 – Vietnam will have a possible US$1 billion foreign bond offering next month to fund its many energy projects. It will be Vietnam’s first overseas bond since 2005 when demand for the bonds exceeded supply. “We want to sell it at the end of this year, but we don’t think we can make […]
