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Le Hung Vong

HCM City cracks down on delays

HCM City cracks down on delays

The recent decision by HCM City authorities to revoke 298 development projects, mainly public works, reveals a determination to take stronger measures against delays.
Speculators returning to City housing market?

Speculators returning to City housing market?

The HCM City real estate market is seeing an increase in people buying apartments to resell soon or lease out.
Decline in exports of Mekong Delta produce

Decline in exports of Mekong Delta produce

After the country''s exports of farm produce, seafood and forestry products declined in the first five months, the Mekong Delta is making efforts to boost its agricultural exports.
Inward remittances continue to rise in HCM City

Inward remittances continue to rise in HCM City

Overseas Vietnamese have sent home remittances of US$1.4 billion through HCM City-based banks in the first four months of this year, a year-on-year increase of 19.6 per cent.
Viet Nam seeks FDI quality, not quantity

Viet Nam seeks FDI quality, not quantity

Viet Nam has licensed 448 new FDI projects worth US$2.67 billion in the first four months of the year, down 17.1 per cent compared with the same period last year, and permitted investors to infuse $1.01 billion in 167 existing projects.
Rising demand forces sugar prices up

Rising demand forces sugar prices up

Authorities'' efforts to crack down on contraband and a simultaneous rise in demand have sent sugar prices soaring by 10 per cent in the three weeks since Tet.
MoF ensures transport fare cuts

MoF ensures transport fare cuts

The Ministry of Finance has formed three inspection groups to ensure transport prices are lowered by operators in Ha Noi, HCM City and Da Nang and the provinces of Binh Duong and Dong Nai following the huge fall in fuel prices.
Small foreign firms make beeline for VN

Small foreign firms make beeline for VN

After investments by large foreign companies in the past decades, Viet Nam is currently seeing an influx of capital from small and medium enterprises from countries and territories all over the world, according to Vuong Dinh Hue, head of the Central Economic Commission.
Private investors fund city infrastructure

Private investors fund city infrastructure

To raise funds for infrastructure works, HCM City has called for private investments in BT (build-transfer) projects.
City firms diversify import sources

City firms diversify import sources

Based companies have diversified their sources of import of materials and equipment for production lines to become less dependent on certain markets, a meeting to review HCM City''s socio-economic performance this year by the People''s Committee heard on Thursday.
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.
MoF seeks to change gambling rules

MoF seeks to change gambling rules

Vietnamese aged 21 and above will be allowed to enter casinos – which are now off-limits to them – if a draft decree by the Ministry of Finance is approved.
Rising rice prices thrill Mekong Delta farmers

Rising rice prices thrill Mekong Delta farmers

The recent rice export contracts won by some companies forced rice prices up in late July and made the market in the Cuu Long (Mekong) Delta very busy to farmers'' delight.
Good jobs hard to find for returning workers

Good jobs hard to find for returning workers

Thousands of workers struggle to find a suitable job after returning home to Viet Nam despite having good skills and experience of working abroad for years.
Foreign investment forecast to hold steady

Foreign investment forecast to hold steady

Local agencies expect that foreign-direct investment (FDI) for 2014 will reach the same volume of last year, as major FDI projects are slated to be signed in the second half of the year.