Vietnam’s market for luxury departments appeal to Chinese investors
MarketThe Hanoitimes - In 2018, only 23% of luxury homes were sold to locals, outpaced by Chinese, while South Koreans and Hong Kong (China) residents followed closely behind.
UAE’s wealth fund IDC plans large-scale resort project in Vietnam
PolicyThe Hanoitimes - UAE has high demand for foreign workers and seeks cooperation in taking Vietnamese people to work in UAE, especially in the fields of tourism and hospitality, the governmental portal reported.
Ho Chi Minh City invites foreign investments in 255 infrastructure projects
InvestmentThe Hanoitimes - In 2018, Ho Chi Minh City’s gross regional domestic product (GRDP) expanded 8.3%, making up 24.16% of Vietnam’s GDP, the highest rate so far.
Warburg Pincus plans acquisition of Vietnam’s Grand Ho Tram Strip casino resort
ProjectsThe Hanoitimes - In 2017, analysts at Union Gaming Securities Asia estimated the gross gaming revenue of the Vietnam’s casino marketing at as much as US$1.2 billion.
Da Nang’s growing popularity attracts major hotel brands
MarketThe Hanoitimes - French hotel group Accor and US Marriott are increasing presence in the city.
