Japan's JFE withdraws from $3b Guang Lian steel plant project Japan's JFE withdraws from $3b Guang Lian steel plant project

JFE Group of Japan has announced it has cancelled its investment in the US$3-billion Guang Lian steel plant project at Dung Quat Economic Zone in central Quang Ngai Province.

SCPE invests $35 million in Golden Gate chain SCPE invests $35 million in Golden Gate chain

Standard Chartered Private Equity (SCPE) yesterday announced the acquisition of a significant minority stake in Golden Gate Trade and Services Joint Stock Company (Golden Gate).

Land plots dominate Nha Trang's residential market Land plots dominate Nha Trang's residential market

Nha Trang's residential market has more than 6,900 dwellings from 37 land plot, villa, townhouse and apartment projects, Savills Viet Nam has reported.

Launching of iPhone 6 excites Vietnamese market Launching of iPhone 6 excites Vietnamese market

The launching of Apple's iPhone 6 and iPhone 6 Plus has warmed up the Vietnamese market, as stores nationwide released information on the availability and prices of the two phones.

Austrian enterpries eye growing Viet Nam market Austrian enterpries eye growing Viet Nam market

(Sep 30, 2014)

Viet Nam, with a young population and increasingly wealthy and growing middle class, was a potential market of 90-million customers, said Thomas Loidl, Austrian Ambassador to Viet Nam during a Austria-Viet Nam business meeting in Ha Noi yesterday.

More firms close, fewer open in 2014

More businesses in Viet Nam have either suspended or shut down operations in the first three quarters of 2014, according to the General Statistics Office (GSO).

Bright future seen for E-commerce

Online shopping has developed strongly in Viet Nam in recent time and is forecast to further develop in the coming years, according to the E-commerce and Information Technology Department.

Foreign visitor arrivals up

Viet Nam welcomed more than 6 million international arrivals during the first nine months of 2014, up by 10.42 per cent compared to the same period last year.

PM okays Phan Thiet Airport plan

Prime Minister Nguyen Tan Dung has approved in principle a plan to build Phan Thiet Airport in the central province of Binh Thuan under the BOT (build-operate-transfer) model.

City economy grows 8.9 per cent

HCM City's economic output in the first nine months of 2014 was VND593.5 trillion (over US$28.1 billion), an increase of 8.9 per cent year-on-year, according to the HCM City People's Committee, which released the figures at a Party Committee meeting yesterday.

Fisheries group seeks export assistance

The Viet Nam Pangasius Association has asked the Ministry of Agriculture and Rural Development to continue negotiating with the Customs Union of Russia, Belarus and Kazakhstan to allow all Vietnamese pangasius enterprises to export to their market.

France strike affects VN carrier

The national flag carrier Vietnam Airlines said yesterday that a number of flights between Vietnam and France was cancelled in this month, affecting about 1,400 passenger of the airline due to the ongoing Air France pilot strike.

Steelmaker to open second factory in southern province

Steel Vina Kyoei Company (VKS) will be opening its second steel production factory, worth $200 million, in the southern province of Ba Ria – Vung Tau in the fourth quarter of this year.

Vietnam Airlines to provide in-flight Internet

Global aero communications service provider Gogo has announced that it will provide in-flight connectivity services on Boeing 787 and Airbus A350 aircraft of the national carrier Vietnam Airlines.

FDI growth expected to continue

Foreign direct investment has significantly increased in recent years and will continue in the years ahead, especially as more State-owned enterprises are equitised, according to analysts.

Germany optimistic about VN economic tiesGermany optimistic about VN economic ties

Viet Nam News speaks with Marko Walde, the chief representative of AHK Viet Nam / German Industry and Commerce Viet Nam, about investment flows from Germany into Viet Nam and trade between the two nations.

Better to buy houses in City, rent in Ha Noi: CBRE Better to buy houses in City, rent in Ha Noi: CBRE

House rentals are vastly different in HCM City and Ha Noi. For a similar quality apartment in a comparable location, the rent in HCM City is 10-20 per cent higher than in Ha Noi.

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