There has been something of a real estate “fever” in recent times at the Thu Thiem Urban Area, the proposed new CBD and mixed-used urban area in Ho Chi Minh City’s District 2 and which is set to become the largest inner-city development in Southeast Asia. Investment into the urban area has been strong over the last few years, with a host of both local and foreign real estate developers seizing the opportunities on offer. Vietnam’s real estate market attracted $5.54 billion in FDI in the first half of this year, accounting for 27.25 per cent of total investment into the country, according to the General Statistics Office (GSO). 2018 marks ten years since the last real estate downturn and nearly five years of recovery. “Given that monetary policies are expected to stay neutral-to-accommodative to support growth when FDI inflows in the hundreds of millions of dollars are poised to enter the real estate market, the market is expected to continue stabilizing … [Read more...] about Real estate fertile ground for foreign investors
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Social News 15/6
Asia's largest cruise ship docks at Phu My port The Asia's largest cruise ship Ovation of the Seas with 4,300 passengers on board docked at Phu My Port in Ba Ria-Vung Tau province on June 14. This is the first time Ovation of the Seas cruise has visited Phu My Port and the second time the newest super cruise has docked at the port, after Quantum of the Seas last year. Passengers from the US, UK, Australia, Canada and Singapore will join Saigontourist tours to discover Vung Tau and Ho Chi Minh City. A Saigon tourist representative said the company constantly welcomed world's leading cruise ships like Star Cruises, Hapag-Lloyd Cruises, Royal Caribbean International. Around 91 ships with more than 120,000 visitors from the US, Canada, Europe, Australia and Asia have visited Vietnam since early this year. Close to 2,000 trade fraud cases brought to light in Hanoi The Hanoi Departments of Public Security and Industry and Trade have coordinated in handling nearly 2,000 cases of trade fraud … [Read more...] about Social News 15/6
Asia-Pacific CEOs hail Viet Nam development
Asia-Pacific CEOs hail Viet Nam development (18-11-2006) The APEC CEO Summit 2006 kicked off yesterday in Ha Noi, attracting more than 600 executives from global business groups and corporations in the Asia Pacific region. Viet Nam News reporters spoke to some of the executives in town for the summit. Michael Smith, President and CEO of HSBC The fact that Viet Nam is now becoming a member of the World Trade Organisation is recognition of just how much Viet Nam has accomplished. Viet Nam's entry into WTO was clearly a historic milestone for this country and also for the WTO. The fact that this summit is being held here in Viet Nam is a testament to the prominent position that Viet Nam now has on the international stage, a prominent position that was due to not only how far the country has come, but the positive direction in which the economy was going. Regarding the Doha round, negotiations are still happening but they are obviously not as fast as they should be, so anything that … [Read more...] about Asia-Pacific CEOs hail Viet Nam development
Social News 16/3
Hoi An International Food Festival opens The Hoi An International Food Festival "Taste the World", the first of its kind, opened at An Hoi sculpture garden on March 14, attracting 12 chefs from 12 countries worldwide. During the week-long event, the chefs will demonstrate their cooking skills at 12 local restaurants, namely Cargo club, Morning Glory, Inflame club, Mango I, Mango II, Rice Drum, Seafood Garden, Vinh Hung, Seedlings, Mangorooms, Tam Tam and Hai café. The participating restaurants will be decorated and themed to the countries of the visiting chefs, who will prepare traditional dishes from their respective countries. The festival, a new tourism product of Hoi An in 2016, is expected to bring the local cuisine to countries and territories worldwide, thereby popularising the city, its land and people. The ancient city of Hoi An in the central province of Quang Nam was a renowned international trade port in the 17th century where ships from Japan, China, and European … [Read more...] about Social News 16/3
Man invents nature-friendly plastic bag
After years of experimenting with different materials, Loc finally discovered the secret to biodegradable plastic. Thu Ngan reports. For a long time, I've been curious about disposable plastic bags. They aren't that strange in other parts of the world, but in Viet Nam, fewer people have had a chance to use them, despite mentions in the mass media. Using Google to search for "disposable plastic bags in Viet Nam", I came up with a load of results. Some of them linked me to a man who is famous for bringing disposal plastic bags to the country. His name is Le Loc, and he is the director of Phuc Le Gia Trade and Service Co Ltd. Finding his name on the internet was easy, but setting up a meeting with him would prove much more difficult. I finally had my chance to talk with Loc one night after he took his two children out. It was my first time meeting him, and I was taken aback at how he made time to be with his children, despite his fame and busy lifestyle. It just made me want to talk with … [Read more...] about Man invents nature-friendly plastic bag