Business News

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VIETNAM RANKS EIGHTH ON LIST OF BEST COUNTRIES TO INVEST IN

U.S. News & World Report has just released the ranking of the best economies to invest in this year, showing large changes, with three new faces among the top five. In particular, Vietnam surpassed its Southeast Asian neighbours including Malaysia, Indonesia, and Singapore to rank eighth, massively boosting its 23rd position last year.

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LEE & MAN AND HOKUETSU LOOKING TO INVEST $3 BILLION IN VUNG ANG EZ

Despite promises that the $3 billion industrial complex proposed by the Lee & Man-Hokuetsu joint venture will create a breakthrough in foreign investment attraction for Ha Tinh province, authorities are mulling over environmental pollution risks.

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SIGN UP WITH US TODAY AND START BEING REWARDED FOR YOUR BUSINESS TRAVEL BOOKINGS

We are pleased to introduce to all business owners in HKBAV association our ‘Business Plus’* -a programme that rewards companies and their employees for flying Cathay Pacific and Cathay Dragon. The more your company flies with us, the more Business Plus points your company earns, reaching a higher tier and unlocking more rewards and privileges.

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NA STANDING COMMITTEE DISCUSSES DRAFT PPP LAW

Under the draft, tourism; culture and sports; telecommunications infrastructure; infrastructure for science and technology development; infrastructure at industrial parks, economic zones, industrial clusters, and high-tech parks; and infrastructure for rural areas and agriculture would be banned from running PPP projects.

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VIETNAM REAL ESTATE MARKET: LACK OF ACCURATE INFORMATION, TRANSPARENCY

Vietnam's real estate market is now intransparent in planning, investor selection, project assignment and transactions. Limited information on the market and inaccuracy are causing certain difficulties for real estate investment activities.

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VIETNAM - MISSION TRIP ITINERARY

The 3 days events will include business networking sessions, factory visits, seminars, networking gala dinner, etc. They hope to promote international business activities and supporting local enterprises to have access to global trade opportunities between Hong Kong, Vietnam, and Singapore.

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FIRST HOLIDAY INN HOTEL IN VIETNAM OPENS IN HO CHI MINH CITY

The hotel features 350 well-appointed rooms, including 100 spacious suites, all of which feature city or pool views. The fourth-floor lifestyle zone offers comfortable lounges, a 50-metre swimming pool, and a 24-hour gym while the Kids Stay & Eat Free programme and Kid’s Activity Room make the hotel a wonderful option for families.

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TEXTILE-GARMENT SECTOR EXPERIENCES HARDSHIP

The Ministry of Industry and Trade has issued a report, noting that the U.S.-China trade tensions have affected currency exchange rates, resulting in higher prices for goods processed in Vietnam compared with those seen in other countries, such as South Korea and China. Local textile and garment products for export have been negatively affected.

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TECHNOLOGY LEADING TO NEW ECO-INDUSTRIAL CONCEPTS

Over the last few years, Vietnam has shown it is taking industrial sustainability seriously by implementation of eco-industrial park initiatives. While many challenges remain, innovative technology could be the answer to shaping up a smart and green manufacturing ecosystem.