Property companies look beyond banks for funds
InvestmentAmid widespread expectations that the central bank will continue to pursue its tight credit policy, especially to risky areas like real estate, in 2019 property developers are looking at other sources for funds.
Thua Thien-Hue licenses more investment projects in January
PolicyThe central province of Thua Thien-Hue announced it has licensed eight investment projects, including four foreign ones worth over 60 million USD and four domestic ones valued at over 5.7 trillion VND (247.8 million USD), in January.
EU supports HCM City to become Southeast Asian centre
MarketThe European Chamber of Commerce in Vietnam (EuroCham) has pledged to support Ho Chi Minh City to become one of the leading Southeast Asian cities.
Offshore Vietnam oil rig launched in south
ProjectsAn inauguration and handover ceremony was held in the southern province of Ba Ria-Vung Tau on August 12 to launch the Tam Dao 05 offshore oil rig, the largest ever locally manufactured jack-up rig.
Vietnam to be US firms’ target market in 2017: Amcham survey
MarketUS enterprises are considering Vietnam as a priority market in the ASEAN region for their business and investment expansion in 2017, according to the 2017 ASEAN Business Outlook Survey recently issued by the US Chamber of Commerce and the American Chamber of Commerce in Singapore (Amcham Singapore).
Vietnamese real estate lures Japanese investment
InvestmentVietnamese real estate is attracting Japanese investors thanks to the market’s recovery and the country’s deep integration into the global economy.
French group wants to develop highways in Vietnam
InvestmentVINCI, a French-based leading global group in infrastructure construction and concessions, hopes to cooperate with the Vietnamese Government and partners to develop highway projects in the country.
Muong Thanh group opens first five-star hotel abroad
InvestmentVietnamese Muong Thanh Group on July 29 inaugurated the five-star Muong Thanh Luxury Vientiane Hotel in Laos’s capital of Vientiane, which is its first hotel abroad, marking a new progress in the firm’s ambition to become the largest hotel chain developer in Indochina.
Banks report higher profits in H1
MarketSome banks have reported good business performance results in the first half of the year thanks to high credit growth.
Work on Long Thanh airport must start in 2019, said Deputy Prime Minister
ProjectsConstruction of the Long Thanh International Airport must begin no later than 2019 so that the airport can offer its first services in 2025, said Deputy Prime Minister Trinh Dinh Dung.
