Other Briefings
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 […]
Vietnam Receives US$8.06 Billion Pledge from International Donors
HANOI, Dec. 8 – International foreign donors have pledged more than US$8 billion worth of official development assistance to Vietnam to maintain the growth of its macro-economy and help reduce poverty. The pledge was made official during a Consultative Group meeting in Hanoi that was attended by representatives from the World Bank, the Asian Development […]
HCMC to Maintain Real Estate Prices
Dec. 4 – Authorities are determined to maintain real estate values in Ho Chi Minh City to maintain stability and avoid the market from overheating. In a new proposal only 17 of the city’s 2,890 streets will have their prices adjusted for 2010. The priciest piece of real estate is still Dong Khoi, Nguyen Hue […]
New Resolution to Dissolve Loss-Making State Firms
Nov. 30 – Vietnam’s National Assembly has approved a new resolution that would dissolve unprofitable state-owned firms and increase efficiency of the remaining ones during the last day of its month-long session. The committee reported that 45 percent of its 91 state-owned groups in the country met low returns on equity of less than 10 […]
Virtual Offices Concept Face Government Resistance
Nov. 27 – Government agencies have been slower to accept the virtual office concept leading to delayed processing times for tax and registration documents that use a virtual office address. Virtual offices are a popular option for small businesses because it provides all related business needs from a phone number to a business mailing address […]
Vietnam Devalues Currency, Raises Interest Rates
HANOI, Nov. 25 – The central bank has announced that it would devalue the Vietnamese currency and raise benchmark base interest from 7 percent to 8 percent beginning next month. This is the third time since since 2008 that the dong has been devalued. The central bank said that one-time devaluation will see the currency’s […]
HCMC Cuts Electricity to 51 Companies Due to Environmental Violations
Nov. 23 – Ho Chi Minh City authorities have cut electricity to 51 businesses last week as punishment for their environmental violations reports Thanh Nien News. The city gave an ultimatum that blacklisted business will not be reconnected again unless they clean up and stop damaging the environment. The 51 firms were found to be […]
Ho Chi Minh City Included in Top Cities for Software Testing
Nov. 20 – Strategic advisory firm, Tholons has included Ho Chi Minh City in its annual report of Top 6 Established Global Outsourcing Cities for Software Testing for the second year in a row. The city located in South Vietnam was also named in Tholon’s list of Top 10 Offshore Nations, Top 50 Emerging Global […]
