ifc investing in vietnam to help settle banking issues

IFC investing in Vietnam to help settle banking issues

Non-performing loan and cross-ownership are two big issues that Vietnam has to clean up in its banking sector to improve investors’ confidence in the economy.
formosa ready to prove doubters wrong

Formosa ready to prove doubters wrong

Formosa Plastics Group last week started building the first blast furnace for its $10 billion steel and seaport complex in central Vietnam, dispelling doubts about its commitment.
ptt proposes giant petro complex

PTT proposes giant petro complex

Thailand’s national petroleum company last week proposed to build a mammoth $28.7 billion oil refinery and petrochemical complex in central Binh Dinh province.
fedex eyes own firm in vietnam

FedEx eyes own firm in Vietnam

FedEx Express, one of the global largest express transportation companies, is expected to be the first foreign investor to have a wholly-owned subsidiary in Vietnam since the country entirely opened express market for foreign players early this year.
anzs true value as market leader

ANZ’s true value as market leader

While Vietnam’s domestic banking sector faces a challenging time, ANZ Vietnam is seeking to use its stature as a foreign bank with a rich history to strengthen its leading position in Vietnam’s market. Tareq Muhmood, chief executive officer of ANZ Vietnam, shares his views with VIR’s Ngoc Linh.
green lotus to blossom next to the tropical tranquility of do son

Green Lotus to blossom next to the tropical tranquility of Do Son

Green Lotus Company, a subsidiary of Singapore’s Accura International Pte, is planning to unveil its first holiday villas at the planned $20 million Van Son Resort project in Do Son, Haiphong, early next year. William Ang, general director of Green Lotus tells VIR’s Ngoc Linh about his plan in Vietnam.
samsung in rd race against time

Samsung in R&D race against time

Samsung Electronics Vietnam is struggling to build a research and development facility in Hanoi that will enable the firm to be officially recognised as a hi-tech one in Vietnam.
move to police surging park rentals

Move to police surging park rentals

The government is considering rent control on all industrial park developers to screw down surging rates.
keppel land ready to play waiting game

Keppel Land ready to play waiting game

Keppel Land Vietnam is not put off by the current gloomy property market.
investment flows from downunder set to spike

Investment flows from downunder set to spike

Investment inflows from Australia to Vietnam will increase in the short term as Australian companies are interested in expanding investments throughout Asia, including Vietnam. Ivan Colhoun, head of ANZ’s Australian Economics and Property Research, puts VIR’s Ngoc Linh in the picture.
itc spectrum enters last chance saloon

ITC Spectrum enters last chance saloon

US-based ITC Spectrum LLC last week received a two-month deadline from Binh Dinh Provincial People’s Committee for advancing money for land compensation costs to build two luxury hotels under Ritz-Carlton and JW Marriott brands.
singaporean firms show way ahead

Singaporean firms show way ahead

Singaporean companies plan to strengthen their brands in Vietnam and find new investment opportunities by participating in the Singapore Showcase exhibition this week in Hanoi.
ho tram strip accelerates investment

Ho Tram Strip accelerates investment

Canada-backed Asian Coast Development Limited last week started construction of the second tower of the MGM Grand Ho Tram Beach at its $4.2 billion Ho Tram Strip project.
thien minh travel basks in the sunshine as it enjoys capital boost

Thien Minh Travel basks in the sunshine as it enjoys capital boost

Thien Minh Travel, owner of Victoria hotels and resorts chain, last week received a shot in the arm to develop its hotel system in Vietnam.
new casino team bets on vietnam

New casino team bets on Vietnam

Donaco Singapore, a firm controlled by two grandsons of the founder of Asia casino empire Genting Berhad, and Australia’s Two Way Ltd are joining forces to take a seat in Vietnam’s gaming business.