Business

Japanese groups home in on Vietnam

In opening a factory in Vietnam, MHI Aerospace is taking a path that more and more companies are taking, driven by cheap labour and relative political stability.

Ho Chi Minh City has low luxury tourist return rate

Poor traffic infrastructure in Ho Chi Minh City has negatively impacted the luxury hotel business.

Power producer secures Vietnam\'s largest ever ECA-backed loan

The $470 million 12-year loan obtained by a unit of Petrovietnam will be used to finance the construction of a 750MW combined-cycle power plant.

Mobile data to drive Southeast Asian telecom sector: report

Data services will drive earnings growth in the sector as cellphone subscriptions hit saturation levels, an industry report said.

After slump, steel prices surge

The domestic steel price, after 4 consecutive periods of decline, has suddenly jumped thanks to changes on the world market.

Formosa Plastics partners with China Steel in Vietnam

Formosa Plastics Group and China Steel Corp will team in Vietnam to tap the Asian steel market.

US bank failures in 2010 surpass 100

U.S. bank failures this year have surpassed a bleak milestone of 100

Prawn farmers suffer devastating losses

75 tonnes worth of prawns have died in a large-scale dilemma for farmers in Hoang Phu Commune, Thanh Hoa Province.

UK’s Economist ups Vietnam’s growth forecast

The Economist Intelligence Unit has lifted its forecast of Vietnam’s GDP growth rate in 2010 to 6.4 percent.

Salamander `disappointed\' after abandoning offshore Vietnamese well

Salamander Energy Plc abandoned a well it drilled offshore southern Vietnam, terming the dry hole a disappointment.

NTT Com expands Vietnam, Singapore operations

NTT Communications has announced plans to build data centres in Vietnam and Singapore under a strategy to expand business in Asia.

Vietnam’s castle in the sand

Vietnam’s real estate market has seen rapid development in line with the country’s economic growth.

Providers finally ridding themselves of old iPhones

Vinaphone and Viettel have at last managed to almost sell out their inventories of iPhone 3GS and iPhone 3G.

Bangladesh to import up to 1 lakh tonnes rice from Vietnam

Bangladesh Food Minister Abdur Razzak said the government would import 50,000 to one lakh metric tonnes of rice from Vietnam soon.

Vietnam sees opportunity in overseas real estate

Whilst Vietnam is still actively pursuing investments from overseas Vietnamese nationals, domestic companies are investing abroad, notably in real estate.

Vietnam to build second tallest tower in Asia

The PetroVietnam Construction Joint Stock Corporation is planning to build a 528-m tower, the second tallest building in Asia.

PetroVietnam signs electricity deal with Korea\'s POSCO

PetroVietnam and Korea’s leading steelmaker POSCO signed a memorandum of understanding for developing Vietnamese electricity projects.

Rolls-Royce wins $240m share of Vietnam Airlines deal

Rolls-Royce has won a $240m share of an order from Vietnam Airlines for V2500 engines to power 36 Airbus A321.

Agility expands presence in Ho Chi Minh City

Agility, a leading global logistics provider, relocated to a new modern facility in Ho Chi Minh City located close to the Tan Son Nhat International Airport.