investment

Update news investment

Office rents down, businesses come back to central areas

VietNamNet Bridge – The office rents have decreased by a half if compared with six years ago.

State’s “super-corporation” also bears competition pressure

If another state’s capital management company which would compete with the existing State Capital Investment Corporation (SCIC) is set up as suggested, SCIC would no longer obtain advantage.

BUSINESS IN BRIEF 21/5

 Interest rates unlikely to drop further; Coffee growers receive preferential credit loans; Thirty-nine projects lose licences; Central coast eyes huge tourist wave

Nokia – Samsung the battle of the two tigers

VietNamNet Bridge – Finnish Nokia still holds the biggest mobile phone market share in Vietnam. However, its Number 1 position has been shaken with the rise of Samsung.

BUSINESS IN BRIEF 13/5

 Louis Vuitton opens new store in Hanoi; Textile shareholders break out the champagne; Customs posts low tax revenues; TKV bemoans meager profits in coal export

Golf courses get deserted in economic recession

The stuffy atmosphere can be breathed at the golf courses nowadays, which, like many other business sectors of the national economy, are experiencing the dark days of the economic recession.

Businesses got bankrupted; businessmen turn into hired workers, gardeners

A lot bosses have become hired workers in the economic crisis, many businessmen have become penniless, and many millionaires have returned to their home villages to work on the rice fields.

Belgian brewery manufacturer rouses Vietnamese enterprises from sleep

The Vietnamese market is believed to become scalding hot with the presence of the big guy from Belgium Aneuser-Busch Inbev (AB Inbev), slated for the next year end.

BUSINESS IN BRIEF 2/5

Steel trade deficit reaches over US$2 billion; US$3.34 billion trade surplus for FDI businesses; US$3.34 billion trade surplus for FDI businesses; Canon opens first Image Square store in Hanoi

BUSINESS IN BRIEF 1/5

PM: Better conditions needed to attract investment; Petrol price down 310 dong a liter; Asset management company set for launch; WB approves credit for Da Nang's sustainable development

Mammoth petrochemical projects make Vietnam feel dizzy

More and more investors have expressed their willingness to set up huge oil refineries in Vietnam.

BUSINESS IN BRIEF 27/4

Business confidence up in Q1; Garment export to new markets sees strong growth; Treasury mobilises more money from Gov’t bonds; HCM City export rises in first four months

Is Vietnamese labor cost high or low?

Office workers, unskilled laborers and state employees all complain that their salaries are so modest and cannot cover their basic needs.

Lotte cherishes ambitious business plan in Vietnam

The merger and acquisition (M&A) deals Lotte concluded recently shows its ambitious investment plan in Vietnam.

BUSINESS IN BRIEF 19/4

Japan to fortify supporting industries; Rental housing sector to fire up; Ha Noi to open 1,400 hotel rooms; Garment exports grow 32%; Small wood processors face shortage of capital

VRN petitions to reject Dong Nai 6 and Dong Nai 6A hydropower plant projects

VRN has officially petitioned to remove the Dong Nai 6 and Dong Nai 6A projects from the hydropower plant development program, because the two projects are believed to have negative impacts on the society and the environment.

BUSINESS IN BRIEF 18/4

Agro-products to face tough battles ahead; HCM City eyes economic growth of 9.5-10%; Commodity exchanges call for help; Ornamental-fish sector revises business strategy

Vietnamese searching website nurtures the dream of outrunning Google

A lot of Vietnamese searching engines, namely xalo, monava, and timnhanh, once stated that they would outstrip Google, but they finally died young, or had to shift to other business.

BUSINESS IN BRIEF 14/4

Q2 rice exports forecast to grow; FDI capital on rise in HCMC; Vietnam parboiled rice has price advantage; Bad debt in Vietnam reaches alarming rates; Air-con prices up 15% given ballooning demand

BUSINESS IN BRIEF 12/4

EC limits Vietnamese fuel lighters; Real estate firm seeks affordable housing investors; Non-life insurance firms suffer losses while sector booms; Low-cost housing helps revive real estate market