VietNamNet Bridge - Foreign investors hold a stake in about 60 percent of 5-star hotels in Hanoi and HCMC, and are continuing to pour money into the profitable hotel sector. A survey conducted by VnExpress found that of 19 5-star hotels located in the most advantageous positions in HCMC, 10 hotels are foreign invested. The market approach preferred by foreigners is to acquire enough shares to have the right to control the hotels. Investors in Hong Kong, Singapore and South Korea have been increasing their presence at many high-end luxury hotels in HCMC. Keck Seng Investments is the best known Hong Kong investor which invests in two 5-star hotels in HCMC. The real estate tycoon of the Fragrant Harbor holds 64 percent of shares in Sheraton and has 25 percent of interests in Caravelle hotels. RELATED NEWS Vietnam hotel market attracts foreign investors Da Nang improves hotel competitiveness Kim Mai … [Read more...] about Who are the owners of 5-star hotels in HCM City and Hanoi?
Hotel in hcm city
Job seekers at a job fair in HCM City. (Photo: VNA) HCM City (VNA) - Thousands of jobs are available in HCM City after the Lunar New Year holiday, said recruitment officials at the city’s job centres. The HCM City Centre for Youth Employment Services is in charge of recruiting 2,000 labourers as per request by service businesses such as restaurants, hotels and security agencies, said deputy director Nguyen Van Sang. The centre contacted the businesses before the holiday to get hold of their labour demand to better inform job-seekers, he said. The centre also has about 500 urgent job openings for fresh graduates for the accounting, sales and customer service positions in the fields of financial consultancy, mechanics and electronics, Sang added. The HCM City Student Assistance Centre has 2,000 job openings from 300 enterprises, said Nguyen Trong Hoang, head of the centre’s Department for Life Support. Plenty of them are part-time jobs that university students can … [Read more...] about Plenty of job openings in HCM City
Their number soared to 600,000 last year, a year-on-year increase of 50 percent. In 2016, they were the third largest group, La Quoc Khanh, Deputy Director of the department, said. Chinese visitor profiles have changed, requiring his department to do market and product research to help travel firms tap this growing market segment, he said. The city would then develop appropriate tourism products to serve Chinese tourists, he said. Nguyen Quoc Ky, General Director of giant tour operator Vietravel, said tourism authorities should rearrange their priority markets for running promotion and marketing programs in 2018-20. China should be a priority market, followed by Northeast Asian and Southeast Asian countries, he said. Foreign tourists in HCM City. Source: vietnamnews.vn “The city will see a massive influx of Chinese tourists in the coming time.” Ty Quy Thanh, Director of Lien Bang Travelink, said his company saw a 30 percent increase in the number of … [Read more...] about Chinese top foreign arrivals in HCM City
A series of cultural and sports activities will be featured during the fifth Japan – Vietnam Festival, which will kick off today at the September 23 Park in HCM City’s District 1.The two-day festival is the opening of a year-long cultural programme to celebrate the 45th anniversary of the establishment of Japan and Vietnam diplomatic ties.Takabe Tsutomo, co-chair of the festival’s organising board, said at the press conference yesterday that the festival promotes cultural, social and economic understanding between the peoples of Japan and Vietnam.Tô Huy Rứa, former head of the Party’s Central Committee’s Commission for Organisation, and president of the Vietnam-Japan Friendship Parliamentarians Group said the festival theme Cùng Nắm Chặt Tay Nhau (Holding Hands Tightly), was chosen to the two countries’ desire to improve their friendship. The featured event today at 5 pm will be a music show featuring singer Masao Sen and … [Read more...] about Japan – Vietnam Festival kicks off in HCM City
Korean conglomerate Lotte Group got the go-ahead from the HCM City People's Committee on Wednesday to develop the Thu Thiem Eco Smart City in District 2. The 74,420sq.m project in the core of the Thu Thiem New Urban Area will cost VNĐ20.1 trillion (US$884 million) in addition to the compensation to be paid for land. It will feature a trading-financial-banking centre, hotels, an office tower, and serviced and residential buildings on 50,120sq.m. The remaining area will be used for roads and other infrastructure. Construction is expected to take six years and the project is licensed for 50 years. Affiliate companies like Lotte Asset Development Co. Ltd., Lotte Shopping Co. Ltd., Hotel Lotte Co. Ltd., and Lotte Engineering & Construction Co. Ltd. will participate in the project. Saigon Times newspaper reported that the chaebol had been pursuing the project for years before getting the green light in 2014 and will start construction as early as next quarter. Lotte has deposited a … [Read more...] about Lotte gets approval for $884m Smart City in HCM City