The race to invest in luxury gym centers in Vietnam’s cities
InvestmentInvestment in luxury gym centers has become a lucrative industry in Vietnam as the demand for doing workouts at well equipped-gym centers, with luxury additional services, of wealthy people in Vietnam is rocketing.
Van Don - Mong Cai Highway project still hot topic of debate
ProjectsThe Quang Ninh People’s Committee, getting impatient about the slow pace of the Van Don – Mong Cai Highway project, has asked the Prime Minister to assign the provincial authorities to act as the authorized agency for the project.
Will Hanoi set up a horse racetrack and allow betting?
ProjectsAfter many failures with racecourse projects, Hanoi is again considering developing a formula 1 race course and allowing betting in order to increase city revenue and put the business under control.
Vietnam does not need to rely on loans: economists
InvestmentThere are huge financial resources in Vietnam which still have not been mobilised for investment and development.
Foreign capital keeps flowing to property sector
InvestmentOfficial reports show an increase in foreign direct investment (FDI) in the real estate sector, as a number of mergers & acquisitions (M&A) deals and investment from Singaporean tycoons have been made recently.
Aviation infrastructure overloaded
MarketThe overloaded infrastructure is a major reason behind the high percentage of canceled and delayed flights.
Ministries disagree on Chinese-funded highway project
PolicyThe Ministry of Transport (MOT) believes Vietnam should borrow $300 million from China if it chooses Chinese contractors for the highway project, while the ministries of Planning & Investment (MPI) and Finance (MOF) say Vietnam needs to be more cautious about the project.
Tycoons pour money into real estate gamble
MarketVietnamese tycoons in cement and transport, steel and securities companies all have shown their interest in real estate projects recently.
A series of 5-star hotels change hands
MarketSofitel Plaza Hanoi and Duxton Saigon have been transferred to new owners at a time when many new hotel brands have opened in Hanoi and Ho Chi Minh City.
Multi-billion-dollar projects, approved in 'red-carpet' period, lose licenses
InvestmentAfter joining WTO, Vietnam laid the red carpet out to welcome foreign investors with huge investment projects worth billions of dollars. But some of these projects never started or have lost licenses.
