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Tag Archive for ‘HCM City’

Speculative stocks heat the Vietnamese market

Both local stock indices advanced yesterday, with investors pouring money into speculative stocks for short-term profits. The benchmark VN-Index on the HCM Stock Exchange rose 7.3 per cent to close at 777.26 points. The southern market index has gained 1.4 per cent in the last three sessions in the previous week. On the Hà Nội […]

Vietnam’s fashion market large enough for both domestic, foreign brands

Some Vietnamese fashion brands are keeping calm amid the ‘foreign fashion wave’, saying they have advantages in the local market and with demand on the increase, the market is still large enough. Many foreign brands, from high-street to luxury, including Chanel, Giovanni, Salvatore Ferragamo, Mango, Zara and H&M, all have landed in Vietnam. Uniqlo from […]

HCM City needs US$37 billion for breakthrough programmes

Ho Chi Minh City will need massive investment from the private sector if it is to meet its goals for transportation, flood control and other areas over the next three years, municipal authorities said at a meeting held on August 24. To implement its seven major programmes for the 2016-20 period, the city needs around […]

APEC discusses experiences in simplifying Vietnam business registration

APEC members shared their experiences in assisting companies, especially micro, small and medium-sized ones, smoothly register for doing business at a workshop titled “Simplified business registration and incorporation according to international best practices” held in HCM City on Thursday. Hosted by the US, the workshop attracted around 100 participants and experts from 21 APEC economies. […]

HCM City looks to beef up agriculture cooperation with Australia

Ho Chi Minh City and Australia have high potential for cooperation in agriculture, especially high technology farming and cattle breeding, said Nguyen Thanh Phong, Chairman of the municipal People’s Committee. At a meeting with Anne Ruston, Australian Deputy Minister of Agriculture and Water Resources in the city on August 23, Phong said that Ho Chi […]

Nov 14: Vietnam Shares Reverse Yesterday’s Losses

HA NOI (VNS)- It seemed to investors that stocks would continue to slide after yesterday’s decline, but they managed to rebound during this morning’s session. The VN-Index added 0.93 per cent to reach 388.81 points as market sentiment improved, with nearly half of listed codes emerging from the session as gainers. However, trading value dropped 11.7 per cent from yesterday morning’s level to VND184.1 billion (US$8.7 million). Trading volume reached 15.3 million shares. Among blue chips tracked by the VN30, only four retreated, three of which were real estate shares – HCM City Infrastructure Investment (CII), Dic Corp (DIG) and…

Tragic high-rise tumble sets alarm bells ringing in Vietnam

A four-year-old girl was playing cheerfully with an iPad next to an open window in her family’s 15th floor apartment. In a flash, the tablet slipped out of her hand and spun its way through the air. Instinctively, the girl reached out to capture the device. Tragically, it was to be the last action she ever took. Onlookers later watched in horror as the grief-stricken mother wailed over her daughter’s lifeless body on the pavement. That was the tragedy that befell a family in Phu My Thuan…

Vietnam Banks Poised To Lend More As Year-End Approaches

HCM CITY (VNS) — Commercial banks in HCM City are preparing large volumes of capital to meet the demand for loans in the last few months of the year. To attract customers, the banks are offering flexible lending policies and low interest rates. Nguyen Hoang Minh, deputy director of the State Bank of Viet Nam’s branch in HCM City, said that in the first 10 months of the year, banks had a credit growth rate of only 2.2 per cent from the end of 2011. Credit growth rate is expected to reach 5 – 6 per…

Manulife Vietnam goes the extra yard

Manulife Vietnam, the first 100 per cent foreign-owned life insurance company licensed in Vietnam, has opened its new customer service office at Maritime Bank Building’s in HCM City’s District 1 last week. The new office, designed to offer customers more convenient and better service, covers a total area of 1,470 square metres. It supplements the […]

HCM City to build Danish active house

Local architecture, design and construction firms will introduce energy-saving building materials via the Danish active house which is set to be developed at Quang Trung Software City next year. The information was announced at a workshop on building active houses co-organized by the Danish Embassy in Vietnam and the HCMC Energy Conservation Center (ECC) in […]