Business News

[14-08-2015] Premium hotel The Reverie Saigon in HCMC’s District 1 has picked September 1 for its grand opening date. The hotel anchoring the 39-floor Times Square building on Nguyen Hue Boulevard consists of 286 rooms overlooking the downtown area and the Saigon River. There are 224 guest rooms ranging from 43 to 53 square meters, and 62 suites measuring 63 to 313 square meters.

[13-08-2015] Vietnam sees 1.5-1.6 million youths join the labour force annually, which creates the opportunity for the country’s robust economic development on the one hand, while also posing huge pressures on employment and occupational training.

[14-08-2015] The HCM City housing market is recovering thanks to effective government policies like allowing foreigners and overseas Vietnamese to buy houses, an industry insider has said. Le Hoang Chau, chairman of the HCM City Real Estate Association, said the new regulation that housing projects need to be guaranteed by banks would usher in huge changes.

[10-08-2015] It has been more than a month since Vietnam’s Law on Real Estate Business came into effect. Investors and their legal advisers had been eagerly anticipating this law, as it sees Vietnam move towards a more transparent legal framework for the real estate sector.

[10-08-2015] Two local travel companies will join hands with their Macau partner to arrange three weekly chartered flights starting next month to transport tourists between Macau and HCM City. The flights, with 180 seats each, will be jointly conducted by Macau’s Sun Star Travel Agency, Viking Travel Company in HCMC and Indochina Service in Hanoi. The first flight is scheduled on September 22.

[05-08-2015] The Vietnamese Government has unilaterally decided that holders of passports from the UK, Italy, Germany, Spain and France will be waived off  Vietnamese visas from the 1st July, 2015 to 30th June, 2016. Earlier, the Southeast Asian country inked 80 visa exemption agreements.

[07-08-2015] Did you know that the Ministry of Planning & Investment recently issued some guidelines to the licensing authorities in the cities and provinces regarding the implementation of the new 2014 Investment Law? The content of this guideline is a bit complicated and below is a 'simplified' explanation.

[03-08-2015] The country's property market attracted US$1.69 billion in foreign direct investment (FDI) for 15 projects in the first seven months of 2015, according to the Foreign Investment Agency. This figure accounted for 19.3 per cent of the total FDI capital of $6.92 billion.