August 8, 2013
Reposted from Bloomberg
Street vendors push their carts along a side street in Hanoi.
By Bloomberg News
Vietnam’s state asset management company, tasked with cleaning up bad loans, said it will acquire as much as 10 trillion dong ($474 million) of spoiled debt over the next two months as it considers possible foreign funding. More…
July 18, 2013
Reposted from East Asia Forum
A street vendor sits next to a Chinese lunar year of the snake decoration (back) outside a business in downtown Hanoi on February 1, 2013
By Le Dinh Tinh
In order to overcome the middle-income trap Vietnam should focus on becoming competitive in its two areas of great potential: agriculture and information technology.
This sentiment is shared by Dang Le Nguyen Vu, chairman and founder of Trung Nguyen Coffee. Vu suggests Vietnam should take Israel’s economic strategy as a model to become a ‘major power’, arguing that if Vietnam focused on its burgeoning industries of agriculture and IT it could become a more influential nation. Vu developed his own strategy and ideas for Trung Nguyen Coffee after consultations with world-renowned thinkers such as Howard Moskowitz, Joseph Nye, and Michael Porter. Trung Nguyen Coffee is now available in 60 countries, primarily because of Vu’s vital investments in innovation and technology. More…
July 16, 2013
Reposted from The Financial Times
By Jeremy Grant
Vietnam is finally set to get its first taste of the Big Mac after US burger chain McDonald’s said it would open its first outlet in the communist-run country early next year.
The Illinois-based company said it had appointed a Vietnamese businessman, Henry Nguyen, an overseas Vietnamese who returned to the country a decade ago, as “developmental licensee” to “build the [McDonald’s] brand” in the country. More…
June 17, 2013
Reposted from Vietnam News
HCM CITY (VNS)— Investors viewing Viet Nam’s investment environment favourably has increased over the last six months, according to a bi-annual survey on the nation’s private equity outlook done by Grant Thornton Vietnam.
The survey found 41 per cent of respondents saying they feel Viet Nam is a more attractive place to invest compared with other destinations, an increase of 14 per cent over the previous survey six months ago.
The financial distress in Europe and weakening of the US dollar are the main factors for private equity activities continuing to rise in Asia, especially Southeast Asia.
Hence the number of respondents who decided to increase their portfolio in Viet Nam has improved significantly from 29 per cent in Q4, 2011 to 45 per cent in Q2, 2013, although the country is still suffering from the economic downturn. More…
June 12, 2013
Hitachi said public transport is needed in Vietnam to ease congestion
Reposted from BBC News
Japanese infrastructure firm Hitachi is set to build Vietnam’s first urban railway in Ho Chi Minh City.
The project is valued at 37bn yen ($381m; £245m), and is expected to start operation in 2018.
Hitachi will deliver trains, ticketing machines, communications and signalling systems. More…
May 28, 2013
Reposted from Vietnam Investment Review
Foreign funding is expected to help get a highway project on course.
By Anh Minh
BT 20 Joint Stock Company and the US’ Goldman Sachs are coming closer to an agreement on $250 million funding for implementation of a project on repair and overhaul of 110-kilometre-long National Highway 20 in the first phase under build-transfer (BT) form. More…
February 1, 2013
Reposted from Seeking Alpha
The first Starbucks store will be located in the economic hub of Vietnam, the world’s second largest coffee producer after Brazil.
Starbucks(SBUX) will commence operations in the country of Vietnam. This is probably something that you may have heard mentioned in the media a month ago, with little fanfare and attention; overshadowed no doubt by the company’s quarterly earnings release. However, this launch in Vietnam’s largest and biggest commercial city, Ho Chi Minh, will be an important portion of the company’s long term growth prospects. More…
August 22, 2012
Reposted from The Phnom Penh Post
By Gregory Pellechi and Don Weinland
Plans are taking place to build a new railway from the capital to Ho Chi Minh City, Vietnam
A company with ties to one of China’s top state-owned firms will look to push Toll Royal Railways and its local partner Royal Group of Companies out of a 30-year railroad concession with pledge to invest nearly US$850 million to revamp existing lines and build an additional one. More…
August 21, 2012
By Geoffrey Cain
Ho Chi Minh City, Vietnam
Geoffrey Cain, the Vietnam and Cambodia editor at the New Mandala, the Southeast Asia blog at the Australian National University, discusses Vietnam’s economy. Read the full article here:
Vietnam Business: August News
Photo Credit: Google Images
July 26, 2012
Reposted from Vietnam Investment Review
Companies targeted for equitisation in 2012-2015 are small and medium sized with a transparent financial situation.
The Ho Chi Minh City government has just submitted to the Prime Minister a plan to equitise 68 out of 91 state-run companies in the city, with the first batch of 31 firms to go public by 2015. The municipal government also asked for permission from the Prime Minister to maintain the model of one member limited liability company with 100 per cent of the state capital for the remaining 23 enterprises. More…