Vietnam Investment Review - VIR

Corporate

Vinmec becomes first JCI-accredited general hospital
13:20 06/07/2015 Vinmec becomes first JCI-accredited general hospital

Vinmec International Hospital in Hanoi last week became the first Vietnamese general hospital to receive the Joint Commission International Accreditation.

Investing

Vinatex receives green light for $400 million IP in Nam Dinh
14:39 06/07/2015 Vinatex receives green light for $400 million IP in Nam Dinh

The Nam Dinh Provincial People’s Committee has licensed the Vietnam Textile and Garment Group to initiate construction of the $400 million Rang Dong Industrial Park (IP), a large scale industrial park dedicated for textile and garment suppliers.

Tech

Facebook tests video ads in budding YouTube challenge
15:52 03/07/2015 Facebook tests video ads in budding YouTube challenge

Facebook on Thursday (Jul 2) confirmed that it is dabbling in video ads and sharing revenue with content creators, in a move that would compete with Google-owned YouTube.

Property

Developer fails to shell out for $1.25bln resort
13:19 06/07/2015 Developer fails to shell out for $1.25bln resort

The Khanh Hoa Provincial People’s Committee last week decided to revoke the investment certificate of the controversial $1.25 billion Phoenix Beach resort in the central city of  Nha Trang.

Money

Bond issuance dips make for a disappointing second quarter
08:23 06/07/2015 Bond issuance dips make for a disappointing second quarter

The second quarter of 2015 was one of the most disappointing periods for the primary bond market in the past four years, recording the second lowest issuance amount.

Province

$90m fibre plant to be constructed in Tay Ninh
15:10 03/07/2015 $90m fibre plant to be constructed in Tay Ninh

The Century Synthetic Fibre Corporation has been licensed to build a US$90-million fibre plant in the southern Tay Ninh Province's Trang Bang District, Nhip Cau Dau Tu online newspaper reported.

Travel

Vietnam’s Phong Nha-Ke Bang Park gets 2nd UNESCO recognition as world heritage
10:25 06/07/2015 Vietnam’s Phong Nha-Ke Bang Park gets 2nd UNESCO recognition as world heritage

Vietnam's Phong Nha-Ke Bang National Park, which boasts the world's largest cave Son Doong, was recognized as a world heritage site for the second time by the UNESCO on Friday, the park’s management board said.

Society

First steps to combat natural disasters
14:20 06/07/2015 First steps to combat natural disasters

At the third Disaster Preparedness Forum (DPF) held in Hanoi last week, Prudential Asia’s chairman Donald Kanak said: “We hope the new contents of the DPF initiative in Vietnam will foster active and substantial public-private dialogue and actions that will improve the resilience of communities and make disasters less devastating.”

Sports

US crush Japan 5-2 to win third Women's World Cup title
11:14 06/07/2015 US crush Japan 5-2 to win third Women's World Cup title

The United States have won the Women's World Cup after a resounding 5-2 win over defending champions Japan in the final in Vancouver.

Your Consultant

New foreign equity cap to spur market
08:00 06/07/2015 New foreign equity cap to spur market

Pursuant to a plan to upgrade Vietnam’s “frontier” market classification to “emerging” market classification at MSCI and increase the flow of foreign capital to the local stock markets, on June 26 the Vietnamese government issued  the landmark Decree No60/2015/ND-CP (Decree 60) to lift the 49 per cent foreign equity cap for public companies. Decree 60 is intended to add vitality to the Vietnam stock markets and boost the equitisation of state enterprises.