Vietnam Briefing’s Senior Editor, Edward Barbour-Lacey, recently had the opportunity to interview Mr Sy Tran – Director of the Sales and Marketing Department at the Long Hau Corporation (LHC). Mr. Sy has many years of experience working with well-known multinational corporations and leading Vietnamese companies in the industries of FMCG and B2B industry. These companies include: Coca Cola, NewZealand milk, Foster Vietnam, and Vinamilk.
Ho Chi Minh City saw an 83.5 percent year-on-year increase in foreign direct investment inflows during the first six months of 2014. However, the city’s Hi-Tech and New Urban Areas have abjectly failed to attract the levels of investment that were previously hoped for.
On Tuesday June 10, the British Business Group Vietnam opened a new business center in Ho Chi Minh City. The center is intended to boost trade and investment between the United Kingdom and Vietnam.
Ho Chi Minh City has announced that it will require VND17 trillion (US$799 million) for transportation infrastructure development in 2014.
The Ho Chi Minh City Department of Labor, War Invalids, and Social Affairs has announced that foreign workers in the city will have to apply for new work licenses when their work permits expire and will not be able to get an extension.
Vietnam’s capital Hanoi and its economic center Ho Chi Minh City have both reported positive economic numbers for the first four months of 2014. April has proven to be a particularly auspicious month for both cities.
Garment and textile manufacturers are finding Vietnam an increasingly attractive destination to set up their operations. This enthusiasm was on full display at the recent Saigon Tex garment and textiles annual expo held in Ho Chi Minh City.
Ho Chi Minh City (HCMC), Vietnam’s economic heart, has recently announced a comprehensive plan for socio-economic development through 2020. This plan will ensure that the city, in the words of the HCMC People’s Committee, “will strive to become a multi-functioning economic, social and cultural center with [a] modern infrastructure system by 2020.”
In its 2014 Wealth Report, real estate consultancy Knight Frank has found that, over the next decade, Vietnam will have the fastest growing amount of ultra-high net worth individuals in the world.
Ho Chi Minh City (HCMC) has been seeing a large increase in foreign direct investment (FDI) in 2014. In the first two months of this year, the city has seen a dramatic increase of 226.1 percent in the FDI that has flowed into the economic center of the country.