HCMC has jumped three places from last year to 6th while Hanoi has slipped one place to 8th in the Cost of Living Index 2019 formulated by Numbeo, the world’s largest database of user contributed data about cities and countries worldwide. The company says that its survey has taken into account several factors including house rents, cost of eating out, and purchasing power needed to live a comfortable life to come with a cost of living index for 20 major cities in Southeast Asia. In this year’s index, HCMC scored 38.39 points, slightly lower than Hanoi (38.93), meaning that the cost of living in Saigon is a little less than in the capital city. Davao in the Philippines was the lowest-cost city in the region, followed by Indonesia’s Bandung. The top five most expensive cities in Southeast Asia are Singapore, Bangkok (Thailand), Yangon (Myanmar), Phuket (Thailand) and Phnom Penh (Cambodia). Price of Travel, a travel cost database, in 2017 ranked Saigon the world’s … [Read more...] about Saigon, Hanoi among top 10 affordable cities in Southeast Asia
Top 10 roofing companies in the u s
Representatives from Vietnam Airlines receive certificates at the award ceremony. — Photo VNA Vietnam Airlines was named in the top 10 best performing companies for the third consecutive year. The firm was included in the ‘Top 50 Vietnam The Best’ by the VNR500 Ranking, which ranks the top 500 largest businesses in the country and is compiled by Viet Nam Report in co-operation with online newspaper Vietnamnet. The carrier also ranked first in the top 10 reputable companies in transportation and logistics in 2018. The VNR500 independently researches and evaluates companies basing on international standards. The assessment council includes many experts from Harvard University and leading economic and brand consultancy organisations in Viet Nam. The ranking honours Vietnamese enterprises which have performed well in terms of revenue scale, efficient use of capital, stable profit growth and good social responsibility. In 2018, Vietnam Airlines made consolidated revenue … [Read more...] about Vietnam Airlines reaches top 10 best enterprises in VN
The move aims to affirm the bank’s prestige and position in the international community, while paving the way for the bank to gain a place among the world’s top 300 banking and financial groups. Vietcombank’s representative office in New York will perform the functions of connecting with existing and potential customers in the U.S. market; carrying out analysis reports on the market and finance-banking sector; supporting the maintenance of relations with U.S. financial institutions; and attending business conferences and seminars to establish relationships. The event marks a significant strategic step for Vietcombank, and it will be the first time a Vietnamese commercial bank has ever been licensed to set up a representative office in the US, one of the world’s leading countries regarding its transparent and complete legal framework, and close management and supervision mechanism. The event highlights the position, brand and influence of the Vietnamese … [Read more...] about Vietcombank receives permit to open representative office in the U.S.
Photo for illustration. Source: ictnews.vn Accordingly, the organizing panel selected 53 enterprises, which were divided into two groups of Vietnam’s top 50 Leading IT Companies and top 10 Vietnam’s business leaders in the Industry 4.0 era. The Vietnamese Military Industry-Telecoms Corporation (Viettel) was on the list of top 10 Vietnamese businesses in the Industry 4.0 era. Translated by Minh Anh … [Read more...] about Viettel on the list of top 10 Vietnamese businesses in Industry 4.0 era
The first “Invest in the U.S.” seminar, co-organized by the U.S. Consulate General and AmCham HCM City, described the benefits of investing in the U.S., home to the largest amount of FDI in the world. Experts from Baker & McKenzie law firm provided Vietnamese investors with an introduction on the legal and foreign exchange requirements for outbound investment and gave presentations on best practices for establishing operations in the U.S. More than 30 Vietnamese investors participate in the seminar. Photo courtesy of the U.S. Consulate General One of the benefits of investing in the U.S. is the variety of opportunities that exist across the country’s 52 states and territories. Representatives from the U.S. states of Idaho, Iowa, and Pennsylvania spoke about investment opportunities in their states. Fred Burke, senior partner from Baker & McKenzie, highlighted how Vietnam’s GDP growth was fueling greater interest in investing in the U.S. … [Read more...] about ‘Invest in the U.S.’ seminar held in Vietnam