“It’s not a new phenomenon, with foreign investment pouring into real estate in recent years, especially from the Republic of Korea, Japan, Singapore, and Hong Kong,” Nguoi Lao Dong (Labourers) newspaper quoted Le Hoang Chau, chairman of the HCM City Real Estate Association, as saying. Vietnam’s political, economic and social stability is a key factor in its attraction to foreign investors, he said. “Besides, the trade war between the US and China has made multinationals switch their investments, and Vietnam is a good place to invest.” Major countries with a lot of foreign currency and low interest rates make huge investments abroad, he said. “Vietnam has a big open economy … when compared with other nations based on the international trade agreements the country has signed.” Big cities like HCM City have solicited investment in 190 infrastructure projects and plan to change the designation of 26,000 hectares from … [Read more...] about Foreign investors take a shine to VN property market
Take a good look
The National Assembly (NA) said last week it would not consider a bill on the special administrative and economic zones (SAEZs) of Van Don, North Van Phong, and Phu Quoc in October as previously scheduled. It said the bill needs further consultation with the public, organizations, experts and scientists, and can be taken up at later. The establishment of these special economic zones reflects the government’s determination to attract new domestic and foreign investment. The following are the key points in the draft Law on SAEZs: Investment in special economic zones With respect to special economic zones, the Government has prioritized different areas for development in each zone. In Van Don, the priority areas are technology, supporting industries, tourism and culture, airports, seaports, and trade. In North Van Phong, they include information technology, electronics, precision engineering, seaports, hotels, tourism, business–finance. In Phu Quoc, the priorities are travel, … [Read more...] about Vietnam’s special administrative and economic zones, a close look
Speakers shared their thoughts on how two firms can co-exist and achieve success together after an M&A deal During the last panel discussion at Vietnam M&A Forum 2018, experts and corporate executives shared insights on the post-M&A integration process. According to the panellists, the tricky part is to seek mutual understanding, which includes the ability to compromise and work together for the long-term. Nguyen Thi Tra My, deputy chairwoman and CEO of PAN Group, emphasised that before signing an M&A deal, the company will set out very clear goals and focus on corporate governance at the other firm. As PAN Group believes human resources can make or break a company, it always takes a good look at who runs the target firm. “We are always careful about the human factor. After an M&A transaction, we want to make sure that employees at both firms feel valued and at ease with the new combined company,” said My. She gave an example of the merger between PAN … [Read more...] about Mutual goals vital for post M&A success
Viet Nam News by Nguyễn Khánh Chi A recent lunch date with my old friends from university turned into a stirring round-table discussion when one friend proposed that we all make a plan to travel together. As we envisioned a change of pace, time together and the chance to explore, everyone seemed excited—but one woman looked a bit concerned. “Does that mean we leave our kids and husband at home?” she asked in a low voice. “Yes!” “Yep!” “Why not?” the others jumped in. Vietnamese traditional family values dating back to the feudal period stipulate that housework is women’s responsibility. This view is a double-edged sword. On the one hand, it leads to celebrations of Vietnamese women’s dedication and hard work for their families. On the other, it punishes Vietnamese women who dare to assert some purpose or passion in life outside of their home. The persistence of this view makes it hard for many women to … [Read more...] about Women take a break from family for travel: Why not?
Those who are looking for a good venue to enjoy a variety of delicious food and hang out with friends or family at weekends could consider Cocochin Food Court on Nguyen Hue Boulevard. A corner of Cocochin Food Court behind the Saigon House located at 77 Nguyen Hue Street in HCMC’s District 1 Located on the most bustling Nguyen Hue pedestrian square in HCMC, Cocochin offers guests a luxurious dining space featuring diversified cuisines from numerous well-known brands. Upon arrival at the venue for the first time, guests may be absorbed by its deluxe interior décor, which is a harmonious combination between the East Asian architecture and modern European designs, with patterned brick walls, wooden tables, lacquered bird cages hung on the ceiling, splendid chandeliers, and expensive furnishing items. Cocochin occupies the ground and first floors of the Saigon House, with the presence of some famous brands such as Malee Thai, Red Dessert Factory, Bason Coffee, Bistro … [Read more...] about Cocochin – a good dining venue in Saigon’s pedestrian square