petrovietnam reshuffles its deck

PetroVietnam reshuffles its deck

PetroVietnam is to sell a 10 per cent stake in an affiliate to Huyndai. PetroVietnam’s chairman Dinh La Thang recently announced that the group wanted to sell a 10 per cent stake in PetroVietnam Construction Corporation (PVC) to the South Korean firm.

Lazy projects get the axe

Most of registered projects in 2008, 2009 and 2010 are still in a preparation process. This is the main reason for the province’s poor FDI disbursement.
management fees irking homebuyers

Management fees irking homebuyers

Dealing with homebuyers’ apartment service fee complaints is becoming a burning issue for luxury apartment developers in Vietnam.
tenants warned not to be blinded by deals

Tenants warned not to be blinded by deals

Office tenants are advised to treat rental offers with caution as landlords look to generalize rents to address the supply heavy market.

Underground carpraks see light of day

Ho Chi Minh City’s pioneer underground parking sites are finally driving forward after serial delays.

Quang Nam cautious over $10bn resort

Central Quang Nam province will scrutinize a mammoth $10 billion tourism and casino project with caution. The local authorities recently announced that it had submitted the proposal to the prime minister for approval.
the only way is up for investment

The only way is up for investment

All real estate sectors are being squeezed by short supply and increasing demand, paving the way for developers to enter the market with high expectations, writes Ngoc Son.

Hard hitting fines for firms which compete unfairly

The government has unveiled heavyweight fines on violators of monopoly and competition regulations last week, a bold move meant to stimulate private-owned enterprises and create a healthy business environment.
job seeking no longer hard labour

Job seeking no longer hard labour

Job seekers are in a better position to find work following a second quarter increase in demand for labour.The news comes from the Vietnam Employment Indicator – a book that measures supply and demand in the labour market based on the number of job opportunities and resumes advertised on the leading job website, Vietnamworks.com.

Business growth falls short of mark

Vietnam’s business production, service and investment figures in July and for the first seven months of the year registered ongoing growth, yet still fell short of the set target, a Ministry of Planning and Investment (MPI) meeting revealed.
state to hammer errant builders

State to hammer errant builders

Construction on state-funded projects that have deviated from their initial plans will be stopped immediately and decision makers responsible for approving them will be severely punished, vowed Deputy Prime Minister Nguyen Tan Dung.