Vietnam Investment Review - VIR

Investing

Kinh Bac Corp. starts construction of Trang Cat township
16:57 02/07/2015 Kinh Bac Corp. starts construction of Trang Cat township

Kinh Bac City Development Holding Corporation and subsidiary Trang Cat Urban Development Ltd. on July 1 started construction of the Trang Cat township and industrial zone in Trang Cat commune in the northern port city of Haiphong.

Tech

Japan leads H1 IT investment in Ha Noi
10:34 02/07/2015 Japan leads H1 IT investment in Ha Noi

Japanese investors have taken the lead in investing in information and technology projects in the capital city during the first half of this year.

Property

Novaland launches 100 first apartments for Viet kieu, foreigners
15:51 02/07/2015 Novaland launches 100 first apartments for Viet kieu, foreigners

Novaland real estate developer has introduced a programme called 100 First Apartments for Viet Kieu (Overseas Vietnamese) and Foreigners to welcome the newly amended Housing Law, which became effective on July 1.

Money

BIDV increases charter capital to $1.44b after MHB merger
10:30 02/07/2015 BIDV increases charter capital to $1.44b after MHB merger

The bank for Development and Investment of Viet Nam (BIDV) officially announced a 12 per cent rise in its registered capital from VND28.11 trillion (US$1.30 billion) to VND31.48 trillion ($1.44 billion).

Province

Dong Nai firms seek trade opportunities in US
15:38 02/07/2015 Dong Nai firms seek trade opportunities in US

Businesses from the southern province of Dong Nai will get opportunities to join the supply chain of leading American retail corporations such as Costco, Target and Walmart.

Travel

Hanoi airport reportedly charges European tourists for visa despite waiver
10:46 02/07/2015 Hanoi airport reportedly charges European tourists for visa despite waiver

Many tourists from the five European countries which Vietnam has scrapped visas for still had to pay the fees when arriving at Noi Bai International Airport in Hanoi on the very first day the visa waiver took effect.

Leisure

Big Bang photoshoot set in Vietnam
16:10 29/06/2015 Big Bang photoshoot set in Vietnam

Images of Big Bang, a well-known pop band from the Republic of Korea (RoK), which were set in Vietnam, have appeared on the cover of Vogue fashion magazine along with an inside photoshoot.

Society

Orphans’ teary eyes at closed ‘happy house’ in Ho Chi Minh City (pics)
11:04 02/07/2015 Orphans’ teary eyes at closed ‘happy house’ in Ho Chi Minh City (pics)

A house located in Binh Chanh District, Ho Chi Minh City has long been known as a destination for dozens of orphans and disadvantaged children but it has been shut down for now, following the requirements of local authorities, leaving the children there to an unknown, doubtful future.

Sports

Wimbledon Centre Court evacuated after fire alarm
11:14 02/07/2015 Wimbledon Centre Court evacuated after fire alarm

London Fire Brigade said they had been called to the historic tennis venue, but did not give details, while London's Metropolitan Police said they were also on hand, and that the incident was "not suspicious".

World News

Indonesian plane's engine likely failed before deadly crash: Air force
15:43 02/07/2015 Indonesian plane's engine likely failed before deadly crash: Air force

Air Vice Marshal Agus Dwi Putranto, an air force operations commander, told reporters initial findings indicated the 51-year-old plane had failed to gain enough speed after one of its four engines malfunctioned.

Your Consultant

Decree expands foreign ownership ratio
09:49 01/07/2015 Decree expands foreign ownership ratio

The Government issued Decree No. 60/2015/ND-CP on June 26, 2015, to amend Government Decree No. 58/2012/ND-CP (20 July 2012) implementing the Law on Securities - and its amendment.