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Overseas Vietnamese eye local property
Most overseas Vietnamese would like to invest in the country's real estate sector, according to a survey conducted by the Overseas Vietnamese Business Association.
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Demand drives up retail space cost
Parkson Viet Nam recently opened the country's largest shopping mall, the 26,000sq.m Parkson Flemington, in HCM City's District 11.
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Vietnamese buy up millionaire apartments
Many local residents were shocked to hear that a number of apartments in HCM City worth US$1 to $5 million each have been bought by Vietnamese customers recently.
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Local industry shrugs off tariff cuts
Vietnamese industrial and farm suppliers are not expected to be affected much by the tariff cuts on thousands of products that will be effected over the next three years under the ASEAN-Australia-New Zealand Free Trade Agreement and the ASEAN-China Free Trade Agreement.
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Another small bank to list on stock exchange
Mien Tay (Western) Bank this month received approval from the State Bank of Viet Nam to list shares on the HCM City Stock Exchange. It is speeding up its completion of required procedures so that the listing will begin in the first quarter of 2010.
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Tourism authority holds luxury hotels to low-rate promise
The Viet Nam National Administration of Tourism (VNAT) has called on luxury hotels to keep a promise to slash room rates they had made under the "Impressive Viet Nam" programme, which seeks to attract foreign tourists with high quality and reasonable prices.
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Major cities set targets high for 2010
As the economy recovers, the country's two major economic hubs, HCM City and Ha Noi, have set high goals for GDP growth in 2010, 10 per cent and between 9 and 10 per cent, respectively.
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Banks come up with supply of dollars
On the morning of December 2, the exchange rate between the Vietnamese dong and US dollar on the interbank market stood between VND19,000 and 19,100 per dollar.
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Storms drive up global rice price
A bid to sell 150,000 tonnes of rice to the Philippines won by the Southern Food Corporation (Vinafood 2) may help raise world rice prices, local media reports.
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Without a plan, cost cutting can harm business
Without a strategic vision, cost cutting to improve competitiveness can go wrong and harm a business.
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