Topic
125 stories in this topic
The core of the doi moi (renovation) in Vietnam is the shift from single-ownership into a multi-ownership economy, where the central planned regime no longer exists. The 1987 Law on Foreign Investment, the 1990 Corporate Law & the Law on Private Enterprises,…
Hanoi offered the highest grade A office rental yield in the world last year — 8.57 percent, a Savills report said. This was the third straight year the Vietnamese capital ranked top, according to the British property consultancy, which used data from the…
The Asian Development Bank will lend Vietnam $188 million to upgrade roads towards improving connectivity in northwestern provinces. Under an agreement signed by ADB and the Ministry of Finance Tuesday, the loan will be used to upgrade of 198 kilometers of…
The maximum fare on Hanoi’s first metro line will be VND15,000 (65 cents), city authorities said in a draft proposal. The minimum will be VND8,000 (34 cents). Passengers can also buy monthly season tickets for VND200,000 ($8.61) or daily tickets for VND30,000…
Lotte Mart Vietnam has opened its third Hanoi store in Cau Giay District. The South Korean retailer’s new 2776sqm branch is located in the urban district, near seven local universities. Targeting local students, the branch will offer trendy but inexpensive…
A new index puts Hanoi 13th and HCMC 15th on the list of 20 most expensive Southeast Asian cities. The new Cost of Living Index for the region has been compiled by Numbeo.com, the world’s largest database of user contributed data about cities and countries…
Ikea Vietnam plans to invest US$450 million on a retail centre and warehouse system in Hanoi, according to a government official. Nguyen Duc Chung, chairman of the Hanoi People’s Committee, told a recent conference held by the Ministry of Industry and Trade…
The nation’s two bourses in Ho Chi Minh City and Hanoi will continue to operate independently under a new state-owned company. Ho Chi Minh City Stock Exchange (HoSE) and Hanoi Stock Exchange (HNX) will operate independently under the Vietnam Stock Exchange,…
Hotel room rates in Hanoi and HCMC, at around $110 a night, are the second most expensive in Southeast Asia behind only Singapore. Real estate services firm CBRE Vietnam said at a recent conference that the performance of the four- and five-star hotel…
Vietnam’s bullet train will cut travel time between Hanoi and Saigon to five hours from the current 24. The railway project management board has submitted a pre-feasibility study to the Ministry of Transport, which quotes transport consultants’ estimate that…
A $500 million complex including horse racing in Soc Son District is off the shelf after 10 years. Hanoi authorities have approved the addition of the long-delayed Soc Son multi-purpose entertainment complex and horse racecourse project to the city’s master…
Capital city authorities have outlined this plan in a recent report to Prime Minister Nguyen Xuan Phuc, saying the upgrade is required because the condition of Hang Day stadium on Trinh Hoai Duc Street has severely deteriorated in recent years. The new…
South Korean retail group E-Mart is to build its first hypermarket in Hanoi’s StarLake urban area. According to StarLake, E-Mart and THT Development have signed an agreement to transfer two commercial land lots within StarLake Project, for an area of 1.86…
More than half of five-star hotels in HCMC and Hanoi are owned by foreign investors. Ten out of 19 five-star hotels in the best locations in HCMC have foreign owners, according to data. They include Sheraton, Caravelle, InterContinental, Asiana Saigon, and…
Hanoi has submitted a proposal to the Ministries of Construction and Planning and Investment for building a new IT park possibly in Dong Anh District. It will be built by Vingroup on Vo Nguyen Giap Street on the way to Noi Bai Airport. It is estimated to cost…
Thanh’s apartments in Ho Chi Minh City have been behaving like hotels for more than a year now. Individuals and groups of tourists stay at his serviced apartments for a few days before they leave for another destination in the country, and the apartment is…
