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Tag Archive for ‘Ho chi minh’

Vietnamese University Plans to Accept Bitcoin Despite Central Bank Ban

FPT, a private Vietnamese university is planning to accept tuition fees in bitcoin with a workaround of the central bank’s ban on using cryptocurrencies as payment instruments. FPT University is a private academic institution with campuses in Ho Chi Minh City, Hanoi and Da Nang, Vietnam’s three major cities. The university will soon begin accepting […]

Vietnam PM supports maximized decentralization for Ho Chi Minh City

Prime Minister Nguyen Xuan Phuc has emphasized the need to maximize delegation to Ho Chi Minh City to facilitate its development, by allowing the southern economic hub to perform several tasks under the power of ministry and Government levels in the area. On Wednesday, at the Government headquarters in Hanoi, the PM hosted a working […]

Vietnam central bank admits shortcomings after violating protocols

Acknowledging its limitations and inadequacies, the State Bank of Vietnam (SBV) said it will thoroughly implement all of the Prime Minister’s instructions by adopting solutions to enhance the quality and the efficiency of its operations while improving its inspections of the banking sector. Its determination comes after the central bank was found guilty of violating […]

Vietnam’s real estate remains 2nd largest FDI lurer

Despite having fallen to the fourth position in terms of foreign direct investment in the first eight months of 2017, the real estate sector remains the second-biggest recipient of this type of investment to date. According to the Ministry of Planning and Investment’s Foreign Investment Agency, between January and August 20, the real estate sector […]

Ho Chi Minh City’s economy on steady growth track

Ho Chi Minh City’s economy continued its steady growth in the first eight months this year, said the municipal authorities during a working session reviewing the city’s performance in the period on September 5. Speaking at the event, Director of the municipal Department of Planning and Investment Su Ngoc Anh said the total retail value […]

Vietjet carries 260,000 passengers during the Vietnam National Day holiday (September 2-4)

The low-cost airline Vietjet Air operated about 1,500 flights, serving nearly 260,000 passengers during the National Day holiday (September 2-4). The number of Vietjet Air’s passengers this holiday increased 27% year-on-year, with punctuality rate reaching 88.3%. The airline also launched various programmes during its flights, such as presenting gifts and domestic flight tickets to customers. […]

Superior quality rice yields hope for Vietnamese farmers

Experts at a recent conference in Ho Chi Minh City urged Vietnam agriculture to move away from high-yield to superior quality rice varieties to best compete with other rice exporters in the Asian region such as India and Thailand. The European Union will offer the Vietnamese rice segment import duty-free tariff rate on increased quotas […]

Savills: Opportunities in underground urban planning

The construction and development of underground urban areas is an indispensable trend in modern urban development, according to Savills Vietnam. In the case of Ho Chi Minh City, the consultancy firm emphasizes the potential for real estate segments to be formed in underground areas. Planning vision According to Savills’ Research Department, the world’s first-ever underground […]

Old Navy opens the first store in Hanoi

Old Navy, one of the famous brands under Gap Inc. from the US, officially opened its first store in Hanoi at a prime location in Vincom Nguyen Chi Thanh. In particular, Old Navy debuted on September 1. On the 655-square-metre space at Vincom Nguyen Chi Thanh, the store displays the typical fashion products of the […]

ROK poised to increase market share in Vietnam drug market

The Vietnam government issued new a new law effective July 1, 2017 that dramatically alters foreign sector involvement in activities of the pharmaceutical segment of the country’s economy. At recent conference in Ho Chi Minh City, Ministry of Health officials discussed key aspects of the law, noting its implications for the domestic pharma segment and […]