Utility Gifts for Online Depositors at VPBank

To increase benefits for customers using online banking services, Vietnam Prosperity Bank (VPBank) deployed the promotion programme called "Online savings - Getting utility gifts" for customers using online deposit services from October 30, 2014 to January 25, 2015. Accordingly, customers depositing VND3 million onwards of one-month savings or instalment savings (Easy … [Read more...]

Real estate deals surge in Q3

Despite facing many technical obstacles, foreign and Vietnamese investors have continued to pour their money into potentially lucrative investment opportunities in the country, the Vietnam Investment Review reported. In the third quarter of 2014, many big property transactions were reported in Ho Chi Minh City . Japan's Creed Group caught the headlines after buying into … [Read more...]

Real estate buy-out deals continue to find favour

The Hanoitimes - Despite facing many technical obstacles, foreign and domestic investors have pounced on good-value investment opportunities presented by ailing companies. In the third quarter of 2014, a majority of transactions were reported in Ho Chi Minh City. Japan's Creed Group caught the headlines after buying into a range of projects of Nam Bay Bay Investment Joint … [Read more...]

Korean Lotte Center joins retail market in big way on National Day

VietNamNet Bridge - The developers of Lotte Center may have decided to open their new shopping mall on National Day on September 2, to attract numerous visitors. However, analysts believe they chose the wrong time to open their mall. Lotte Center, the $400 million 65-storey building, made its debut while the country is still in economic recession, and at a time when … [Read more...]

Lotte Mart claims headstart will stand it in good stead

Hong Won Sik, general director of Lotte Mart Vietnam, which currently operates seven shopping centres in the country's key cities, talked with VIR's Nguyen Chung about its business strategy and the competitive pressure exerted by foreign peers in the Vietnamese market. Hong Won Sik, general director of Lotte Mart Vietnam Lotte is already renowned for stocking local goods, … [Read more...]

LOTTE Center Hanoi: Most Luxurious, Advanced Serviced Complex Launched

Lotte Center Hanoi complex will officially be launched on Vietnam's National Day of September 2, following five years under construction. Located in between the old and new quarters of Hanoi, Lotte Center Hanoi will offer some of the most luxurious and advanced serviced residences, office space, a 5-star hotel and shopping mall in Hanoi, with a total invested capital of over … [Read more...]

Social News 24/8

HCM City to set up metro management firm soon HCMC's authorities are running against the clock to finalize a scheme to establish an urban railway company tasked with managing and operating Metro Line No. 1 that is expected to be ready by the turn of the decade. The metro management company will be up and running right this year while studies on metro operation and maintenance … [Read more...]

Social News 23/8

Fourth Russian-made submarine begins sea trials The fourth Russian built Kilo-class submarine began its factory-level sea trials on the Baltic Sea on August 21, according to Russian media sources. This is the fourth Project 636 submarine Russia has designed and constructed for Vietnam under a contract signed in 2009 during a Moscow visit by Prime Minister Nguyen Tan … [Read more...]

RoK firm helps build school for Thai Nguyen’s pupils

The construction of a school for pre-school and primary pupils at Lam Vy commune, Dinh Hoa district, the northern mountainous province of Thai Nguyen, began on August 20 under the support of Lotte Group of the Republic of Korea. The Lotte Shopping Plaza Vietnam (LSPV), a subsidiary of Lotte Group, funded nearly 2 billion VND via Plan-RoK for the school, which comprises of two … [Read more...]

South Korea supports Hanoi to build rain water filtration system

The system was built to improve water resources in two primary schools and kindergartens in Cu Khe commune. The project is the result of cooperation among Lotte Shopping Plaza Vietnam, Center for Rainwater Research - Seoul National University (South Korea), Green Foundation Organization (South Korea), Institute of Environmental Science and Engineering - Hanoi University of … [Read more...]

Attracting FDI, ODA for Development Investment

Recently, besides the special investment incentives, Binh Thuan has also issued its own strict regulations to urge investors to quickly implement their projects. These regulations have sometimes made investors feel less satisfied when coming to Binh Thuan, but according to Mr Nguyen Duc Hoa, Director of Department of Planning and Investment, the provincial target is selecting … [Read more...]

International retailers continue to expand operations in Vietnam

Parkson has returned, while Ocean Group has jumped into the Ho Chi Minh City market. The moves taken by big international retailers are believed to heat up the market, the VietNamNet Bridge said. Parkson opens its 9th centre in Vietnam in December, 2013 Any move by big international retailers would have influences to the retail premises market, the online … [Read more...]

International retailers continue to expand operations in VN

Parkson has returned, while Ocean Group has jumped into the Ho Chi Minh City market. The moves taken by big international retailers are believed to heat up the market, the VietNamNet Bridge said. Parkson opens its 9th centre in Vietnam in December, 2013 (Photo: VNA) Any move by big international retailers would have influences to the retail premises market, the online … [Read more...]

Market heats up as big foreign retail mall exploiters turn up

VietNamNet Bridge - Parkson has returned, while Ocean Group has jumped into the HCM City market. The moves taken by the big guys are believed to heat up the market. Any slight commotion by the "big guys" would have influences to the retail premises market. On March 15, Parkson, the big guy from Malaysia, took delivery of six trade floors at Léman Luxury … [Read more...]

New Lotte Mart to go up in Vung Tau

Hung Le Ba Ria-Vung Tau Province has handed over an investment certificate to Lotte Vietnam to implement the Lotte Mart Vung Tau project worth more than VND721 billion. The development will cover over 10,000 square meters at the intersection of Ba Thang Hai and Thi Sach streets in Ward 8. Like other projects in HCMC and elsewhere in the country, the Vung Tau project will … [Read more...]

Retail real estate set to prosper, says CBRE

Retail real estate has performed well both globally and regionally during 2013 and this is expected to continue in 2014. CBRE Vietnam executive director Richard Leech sees that the segment is bucking the downward trend. Report by Vietnam Investment Review. Retail is often regarded as the most exciting of all the real estate sectors, and requires specialised knowledge from … [Read more...]

Retail real estate set to prosper

Retail real estate has performed well both globally and regionally during 2013 and this is expected to continue into 2014. CBRE Vietnam executive director Richard Leech sees that the segment is bucking the downward trend. Retail is often regarded as the most exciting of all the real estate sectors, and requires specialised knowledge from sales and marketing, to site … [Read more...]

Six Korean firms awarded 2013 corporate social responsibility (CSR)

(CPV) - Vietnam's Ministry of Planning and Investment, the Embassy of Korea in Vietnam and the Korea Trade and Investment Promotion Agency (Kotra) have co-organized an awards ceremony for Korean firms in Vietnam with outstanding performance in corporate social responsibility (CSR). As many as 16 Korean firms operating in Vietnam in different fields joined the sustainable … [Read more...]

BUSINESS IN BRIEF 7/10

Bad supply chains soil agriculture sectorWeak supply chains and unreliable products have prevented the agriculture sector from growing in recent years, said Deputy Minister of Agriculture and Rural Development (MARD) Nguyen Thi Xuan Thu at a forum in Ha Noi on Thursday."Agriculture creates employment for about 70 per cent of Viet Nam's workforce, contributing to the country's … [Read more...]

RoK urges stricter produce controls

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The 2007 ASEAN-Korea Free Trade Agreement has significantly increased trade between Vietnam and the Republic of Korea (RoK), according to the Ministry of Industry and Trade. Le An Hai, Deputy Director General of the ministry's Asia-Pacific Market Department, said two-way trade went up from 6.58 billion USD in 2007 to 21.1 billion USD last year. It is expected to top 27 … [Read more...]