Vietnam Investment Review - VIR

Corporate

Samsung posts 19.6% fall in Q2 net profit
08:01 | 31/07/2014 Samsung posts 19.6% fall in Q2 net profit

Samsung Electronics on Thursday (July 31) said its second-quarter net profit plunged nearly 20 per cent from a year ago to 6.25 trillion won (US$6.1 billion).

Investing

Thanh Hoa road needs additional financing
09:13 | 31/07/2014 Thanh Hoa road needs additional financing

State-run Thanh Hoa West Road needs additional funding to finish on time, which would allow other projects such as the Trung Son hydropower plant to be completed on schedule.

Tech

Microsoft unveils Xbox in China as it faces probe
08:11 | 31/07/2014 Microsoft unveils Xbox in China as it faces probe

Microsoft on Wednesday (July 30) unveiled its Xbox game console in China, the first to enter the market after an official ban 14 years ago, even as it faces a Chinese government probe over business practices.

Property

Gamuda hesitates on $150m land compensation price tag
08:46 | 29/07/2014 Gamuda hesitates on $150m land compensation price tag

Malaysian-backed Gamuda Berhad, developer of the giant Hanoi-based Gamuda City urban development has requested the Hanoi People’s Committee allow the firm to withdraw from Parcel B of the Yen So Park subproject. VIR’s Bich Ngoc talked with Gamuda Land Vietnam general director Cheong Ho Kuan on the reasons and what the future holds for the rest of the project.

Money

SBV approves new Construction Bank head
13:52 | 31/07/2014 SBV approves new Construction Bank head

Hanoi - The State Bank of Viet Nam (SBV) has approved a new chairwoman and general director of the Viet Nam Construction Bank (VNCB).

Province

More investors to Phu Quoc island
14:47 | 30/07/2014 More investors to Phu Quoc island

The Southern province of Kien Giang is now considering granting of investment certificates to 22 projects worth VND33,409 billion into Phu Quoc island.

Travel

Fansipan-Sapa cable car to open in 2015
13:57 | 31/07/2014 Fansipan-Sapa cable car to open in 2015

The world's longest three-rope cable car system, extending from the northern Lao Cai Province's Sapa Town to Fansipan peak, will open for passengers in 2015.

Leisure

Life's not a stage for country kids
08:24 | 31/07/2014 Life's not a stage for country kids

Hanoi - Children in rural areas often suffer from a lack of quality stage peformances that their urban cousins take for granted.

Society

UNESCO recognizes Nguyen Dynasty's royal documents as world heritage
08:31 | 31/07/2014 UNESCO recognizes Nguyen Dynasty's royal documents as world heritage

Administrative documents signed by the Nguyen Kings have received the certificate of the Asia-Pacific Region's Memory of the World Program of the United Nations Organization for Education, Science and Culture (UNESCO).

Sports

Lukaku joins Everton in club record deal
08:08 | 31/07/2014 Lukaku joins Everton in club record deal

Everton broke their club transfer record on Wednesday (July 30) when they paid 28 million pounds to sign Belgium striker Romelu Lukaku on a five-year deal from Premier League rivals Chelsea.

World News

10 dead, up to 200 feared trapped in India monsoon landslide
12:00 | 31/07/2014 10 dead, up to 200 feared trapped in India monsoon landslide

A major landslide on Wednesday (30 July) struck a village in western India following heavy monsoon rains, killing at least 10 people and leaving up to 200 feared trapped, an official said.

Your Consultant

Japan gives aid to Hue climate change project
09:18 | 31/07/2014 Japan gives aid to Hue climate change project

THUA THIEN - HUE - Japan has donated an official development assistance package of JPY60 million (US$637,000) for a climate change adaptation project in central Thua Thien–Hue Province.

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