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CapitaLand wades deeper into Vietnamese commercial real estate
To capitalise on the increasing interest of foreign real estate investors in Southeast Asia in general and Vietnam in particular, CapitaLand Limited has set up its first commercial fund in Vietnam named CapitaLand Vietnam Commercial Fund I (CVCFI) with a capital of US$300 million.
Hong Kong investor to revive Southeast Asia's largest tourism project
Thanks to Summerfield Company Limited’s intention to take over, the long-delayed US$2-billion Happy Land entertainment complex in the Mekong Delta province of Long An may be revived.
VND expected to see end-of-year dip
The Vietnam dong is expected to depreciate by two percentage points at the end of 2017, ending a period of stability that lasted throughout the year.
Uber reduces fare gap in Ho Chi Minh City
Uber Vietnam’s representative said that its taxi brand UberX will raise fares in Ho Chi Minh City from August 24, closing up with traditional taxi fares.
ODA disbursements rise in the year’s second half
The disbursement of public investment and official development assistance-based capital through the end of the year is expected to reach government targets.
Minimum wage increase ineffective in raising living standards
Increasing the regional minimum wage has raised concerns over a potential trade-off with social allowances that would block the new wages from increasing employees' real income.
IFRS 9 is not on radar for local banks
The introduction of International Financial Reporting Standards (IFRS) 9, effective from January 1, 2018, marks one of the most significant accounting changes that banks are facing today, said Tran Dinh Vinh Partner, Financial Services, KPMG Vietnam.
Speed Queen to open five laundries in 2017
The Speed Queen chain of laundry stores owned by Alliance Laundry Systems will open five stores in Ho Chi Minh City this year.
First Coco Bus double deckers now cruising in Danang
Empire Group, the investor of Cocobay, has officially lauched its Coco Bus Tour using open top double decker buses. The tour is expected to cross 25 popular and scenic stops from Danang International Airport to the southern part of the city.
Central Group to reinforce Vietnamese investments
Thai conglomerate Central Group will invest an additional $500 million to expand its operations in Vietnam within the next five years, aiming to set firm roots in this potential market, according to newswire Bangkok Post.