Business

Foreign investors rush to fill stock market vacuum

While Vietnamese investors are rushing to sell stocks out of fears brought on by current uncertainties, foreign investors are injecting money into Vietnamese stocks, anticipating a cheaper products attractive, the English language news website VietNamNet Bridge reported on May 19.
Business

Giant apparel firm earmarks 190 mln USD for projects in 2014

The Vietnam National Textile and Garment Group (Vinatex) will pour over 4 trillion VND (190 million USD) into numerous projects including yarn, textile, garment, and cotton farms this year, CEO Tran Quang Nghi told Tuoi Tre (Youth) newspaper in a recent interview.
World

ASEAN, Russia boost economic ties

Russia’s Deputy Minister of Economic Development Alexey Likhachev and ASEAN Deputy Secretary General Lim Hong Hin have discussed issues of their common concern, especially cooperation opportunities emerging from the establishment of the ASEAN Economic Community (AEC) and the ASEAN Connectivity programme.
Sci-Tech

Vietnam’s IT firms move towards SMAC: experts

The export growth rate has decreased, a lot of firms have shut down or merged into others, said the English-language online newspaper VietNamNet Bridge on March 4, raising a question whether Vietnam’s software industry has been driven into a corner.
Society

WB funds 14 mln USD for Hanoi Highway expansion

A credit contract worth more than 289.75 billion VND (13.75 million USD) to develop the second phase of a BOT (Build-Operate-Transfer) project to extend the Hanoi Highway was recently signed with the World Bank.
Business

M&As in real estate getting heated in Vietnam

The real estate market has been largely stagnant. While many real estate companies are looking for ways to get out of the market, many large investors want to join in. The Vietnam Business Forum reports.
Politics

PM Dung presents Government’s report at National Assembly

Prime Minister Nguyen Tan Dung presented the Government’s report on the socio-economic situation in 2013, results of the first three-year implementation of the five-year plan 2011-2015 and the tasks for 2014-2015, on the first day of the 6 th session of the 13 th National Assembly, which opened in Hanoi on October 21.
Business

Shopping malls, retail premises experience slump

In the second quarter of this year, three shopping malls closed the doors in Ho Chi Minh City, five brands gave back the premises, while 60 shops in Hanoi shut down. In the third quarter, two retail projects stopped operation in Hanoi. Report by Vietnam Net online newspaper.
Business

Fund-management profits ‘unsustainable'

Most fund management firms made profits not from their core business, but financial activities in the first half of the year.

However, some industry insiders are concerned about the trend. They say sustainable growth of fund management firms whose profits mainly come from financial activities are often extremely volatile as parent companies or related partners can withdraw their capital unexpectedly.
ASEAN, China celebrate decade-long ties ASEAN

ASEAN, China celebrate decade-long ties

A Special Foreign Ministers’ Meeting took place in Beijing on August 29 to celebrate the 10th anniversary of the strategic partnership between the ASEAN and China.