phu yen lures huge project

Phu Yen lures huge project

Vung Ro Petroleum and the Rockefeller family-backed Rose Rock Group will join hands to develop a luxury resort community in the central coastal province of Phu Yen’s Vung Ro Bay.
truong hai face hyundai motor withdrawal

Truong Hai face Hyundai Motor withdrawal

South Korea’s Hyundai Motor Company has threatened to end a technology transfer agreement signed in 2011 for Truong Hai Auto Corporation to manufacture engines, because of the slow pace of construction of the Vietnamese firm’s plant.
mobile phones top textiles signalling shift in economy

Mobile phones top textiles signalling shift in economy

The robust growth of foreign direct investment in the manufacturing sector, led by multinational companies, is a great opportunity for Vietnam to achieve its industrialisation target. Ngoc Linh reports.
lao cai casino upgrades

Lao Cai casino upgrades

ASX-listed Donaco International last week signed a binding agreement to take the majority stake in the Lao Cai International hotel and casino.
saigon new port wins bid for cai mep terminal

Saigon New Port wins bid for Cai Mep terminal

Military port operator Saigon New Port officially won the leasing contract to run the Cai Mep container terminal at Cai Mep-Thi Vai International Terminal, funded by Japanese official development assistance.
smes shaken by import ban on older machinery

SMEs shaken by import ban on older machinery

Despite Vietnam’s call for investment from Japanese small and medium enterprises to develop supporting industries, Japanese investors have complained that unclear regulations limiting the import of used machinery and equipment is deterring them from investing.
4b south hoi an deal tabled

$4b South Hoi An deal tabled

VinaCapital, the Vietnam-focused asset management firm, has found a joint partner to develop a $4 billion integrated resort and casino in Quang Nam province, bringing hope for resuscitation of this long-delayed project after the withdrawal of Malaysia casino operator Genting.
fdi inflows set to increase next year

FDI inflows set to increase next year

The recovery of foreign direct investment will continue playing a critical role in bolstering Vietnam’s economic growth in 2014.
stability realism are key to sustainable growth

Stability, realism are key to sustainable growth

The spectre of inflation is likely to weigh heavily on Vietnam in 2014, meaning the government needs to speed up its restructuring of state-owned enterprises and the banking system to achieve sustainable growth. ANZ Vietnam CEO Tareq Muhmood outlines his New Year’s expectations to VIR’s Ngoc Linh.
vietjetair launchs new route vinh da lat

VietJetAir launchs new route Vinh – Da Lat

VietJetAir yesterday officially introduced flights between Vinh city in north central region and highland Da Lat city, its sixteenth route of the low-cost carrier in domestic market.
vietjetair appoints bnp paribas to manage the financing for the order of new aircrafts

VietJetAir appoints BNP Paribas to manage the financing for the order of new aircrafts

BNP Paribas and VietJetAir have concluded an agreement wherein BNP is assigned to manage the financing for the new aircrafts that VietJetAir will receive in 2014.
binh thuan loses case against foreign owned firm

Binh Thuan loses case against foreign-owned firm

A wholly-foreign company has just won a lawsuit against Binh Thuan People’s Committee, which could set a precedent for other foreign investors to follow when facing administrative barriers in project development.
keppel land at home in hanoi

Keppel Land at home in Hanoi

Singaporean property developer Keppel Land has expanded to the north, with ambitious plans to develop a major residential project in Hanoi to build on its achievements in south of the country.
huge incentives offered for industrial park projects

Huge incentives offered for industrial park projects

Policymakers are expecting a sharp increase of foreign direct investment in manufacturing, after approving a special tax incentive policy for large scale projects in industrial parks.
evn power monopoly to be short circuited

EVN power monopoly to be short-circuited

Deputy Prime Minister Hoang Trung Hai has pledged that Vietnam would continue to reduce the Electricity of Vietnam’s monopoly through the development of a competitive electricity market.