VIR
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Grab and Uber choking out traditional competition
Vietnamese taxi company Vinasun has seen a decrease in revenue and employees in the first half of this year, claiming it due to the unfair competition in terms of price posed by Grab and Uber.
Citi launches new Debit Mastercard in Vietnam
Following Citi’s global success of launching Debit Mastercard cards in countries around the world, Citi Vietnam will join 10 key Asia-Pacific markets in issuing their customers with the new, contactless Citibank Debit Mastercard.
Meada to develop high-end property project in HCM City
Japanese developer Meada Group has recently expanded its portfolio in Vietnam by partnering up with domestic Thien Duc Company to build Waterina Suites, a high-end residential project in District 2 of Ho Chi Minh City.
Pou Chen awaits investment certificate for new footwear factory
IDEA Limited Company (a subsidiary of Pou Chen Group) singed a contract to rent land in Tan Tao Industrial Zone (IZ) and they are waiting for the investment certificate to invest and build a footwear factory in this IZ in Ho Chi Minh City.
Infrastructure JVs earn nod at meet
Domestic and foreign businesses are rushing to invest in infrastructure projects in Hanoi to cash in on the growing local demand.
UOB receives in-principle licence for Vietnamese subsidiary
Singapore's United Overseas Bank has received the in-principle licence from the State Bank in Vietnam to open a subsidiary in the country.
Hanoi to green-light three metro lines worth over US$15 billion
The Ministry of Transport (MoT) has submitted a number of recommendations for the Hanoi People’s Committee’s ambition to build three metro lines worth over US$15 billion by 2025.
Mitsubishi Motors plots expansion in Vietnam
Mitsubishi Motors Vietnam affirmed it will inject more capital into its auto assembly facility in the country to expand production and made plans to sale electric cars despite lower tariffs on imported completely built-up units from the ASEAN.
Vietnam M&A Forum 2017 coming in August
On July 20, VIR and AVM Vietnam will co-organise a press-conference to officially announce The Vietnam M&A Forum 2017, scheduled to take place on August 10, 2017 at GEM Centre, Ho Chi Minh City.
Luxury segment booms despite very high prices
The quick sale last week of Titia Residences in the Empire City project has again borne out the attractiveness of the luxury segment.