300 million samsung rd centre licensed

$300 million Samsung R&D centre licensed

On March 30, the Hanoi People’s Committee granted the investment certificate for Samsung Electronics Vietnam (SEV)’s $300 million research and development (R&D) centre to be built in Hanoi’s Hoang Mai district.
manulife locks in bancassurance deal

Manulife locks in bancassurance deal

This September, Manulife Vietnam officially became the exclusive long-term partner to distribute bancassurance solutions for Saigon Joint Stock Commercial Bank customers in Vietnam. This is Manulife Vietnam’s very first exclusive bancassurance deal, and marks an important milestone in the company’s strategy for diversified distribution channels. VIR’s Thu Tra spoke with Jude Gomes, head of Partnership Distribution at Manulife Vietnam, to understand more about the insurer’s bancassurance strategy in Vietnam.
hanoi remains off putting to investors

Hanoi remains off-putting to investors

Hanoi’s plan to attract $200 million in the total investment capital this year to the city’s industrial zones has proved quite challenging as only 30 per cent of the target has been reached as of now. 
first naanovo plant in asean built in vietnam prospects and plans

First Naanovo plant in ASEAN built in Vietnam: prospects and plans

Naanovo Energy has recently commenced its project to build the combined heat and power solid waste treatment plant WTE Thanh Hoa. Le Lien, representative of Naanovo Energy Inc. Canada, talked to VIR’s Thu Trang about the project. 
turning an eco smart dream into reality

Turning an eco- smart dream into reality

Fujisawa SST’s inauguration has proven smart and sustainable living is not a pipe dream.
ge appoints new gm for 110 million haiphong plant

GE appoints new GM for $110 million Haiphong plant

US industrial conglomerate GE last week announced the appointment of Vu Thu Trang as its new general director for the group’s $110 million GE Haiphong manufacturing facility.
lg to woo customers with top range goods

LG to woo customers with top range goods

South Korean giant LG Electronics has stirred up the Asian home appliance market with its latest smart products.
mobile brands look to get moving

Mobile brands look to get moving

The fate of some Vietnamese mobile phone brands is in the stars.
oil to get liquidity machine moving

Oil to get liquidity machine moving

A strong hand is getting to grips with the banking system’s liquidity problems.
banks pushed into a corner to toe the line

Banks pushed into a corner to toe the line

New commercial bank short-term deposit rate limitations will force banks to roll with the punches. Recently, with the 14 per cent interest rate cap for deposits, commercial banks are finding ways to avoid cash withdrawal and attract deposits by straightening the mobilisation rate curve to 14 per cent for all maturities.
wise words articulate fresh growth mantra

Wise words articulate fresh growth mantra

International donors are offering words of wisdom to Vietnam’s authorities to ensure the country’s further economic growth and address post-global financial crisis challenges.

State budget hurt by project delays

Slow work on a number of government-funded projects has placed enormous strain on the state budget, said a senior official at last week’s National Conference on Investment Supervision and Evaluation in Hanoi.

Up to $1bn in FDI set for green light

Almost $1 billion worth of foreign direct investment projects are expected to be approved in the first month of the year, kicking off a good year for foreign investors, according to a source in the Ministry of Planning and Investment (MPI).

New eco-resort plans to pick up southern traffic

A 14-hectare eco-tourism complex will soon span the coastline of Quang Ngai’s My Khe Beach, in a move investors hope will spawn the next vacation getaway.The $2.4 million Hang Duong Marine Eco-tourism Project was developed by the Hanoi-based Ha Thanh Company Limited, a wholly Vietnamese-owned firm.
msb modernised and faster

MSB modernised and faster

THE Vietnam Maritime Commercial Stock Bank has launched a modern payment system whereby all branches nationwide will provide, real time payments.