HCMC High-Tech Park grants environmental permits, approve project construction on its own

HCMC High-Tech Park grants environmental permits, approve project construction on its own

The Saigon High-Tech Park (SHTP) in Ho Chi Minh City has the authority now to grant environmental permits and approve project construction, Huynh Ngoc Dao, chief of the office of the park’s management board, said Tuesday.

Investing - Mon, Dec 22, 2021 | 11:30 am GMT+7

US First Solar plans to invest $943 mln to increase output of Vietnam plant

US First Solar plans to invest $943 mln to increase output of Vietnam plant

First Solar, an American manufacturer of solar panels, plans to invest VND23.9 trillion ($942.5 million) to increase the capacity of its factory in Ho Chi Minh City.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Warburg Pincus to invest in Xuyen A hospital chain in Vietnam

Warburg Pincus to invest in Xuyen A hospital chain in Vietnam

Warburg Pincus, one of the leading U.S. investment funds, will invest in Xuyen A, a major private hospital chain in Vietnam.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Multinational home tool firm Techtronic to invest $650 mln in Vietnam

Multinational home tool firm Techtronic to invest $650 mln in Vietnam

Techtronic Tools (Vietnam) Company Limited under Hong Kong-headquartered multinational firm Techtronic plans to invest $650 million in Ho Chi Minh City, the southern economic hub of Vietnam.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Michelin Guide to scout Danang for star worthy food

Michelin Guide to scout Danang for star worthy food

Danang has become the third Vietnamese city after Hanoi and Ho Chi Minh City to be scouted by Michelin Guide inspectors.

Travel - Mon, Dec 22, 2021 | 11:30 am GMT+7

Apartments priced at $17,000 per sqm spotted in HCMC

Apartments priced at $17,000 per sqm spotted in HCMC

Ho Chi Minh City recorded apartments with prices up to VND425 million ($17,000) per square meter in the first quarter of this year, according to property consultancy firm DKRA Group.

Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

Words on Wheels mobile library program empowers 38,000 students in Vietnam

Words on Wheels mobile library program empowers 38,000 students in Vietnam

The Words on Wheels (WoW) mobile library program, organized by Singapore International Foundation (SIF) in partnership with Keppel Ltd. and General Sciences Library of Ho Chi Minh City (GSL), has commenced its final journey in HCMC.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Aeon opens third compact store in Vietnam, plans extra two this year

Aeon opens third compact store in Vietnam, plans extra two this year

Japanese retail giant Aeon opened a store in Ho Chi Minh City on Tuesday under the new retail pattern “super supermarket” (SSM), the third of its kind in Vietnam to date.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

China’s largest travel firm plans three duty-free shops in Vietnam

China’s largest travel firm plans three duty-free shops in Vietnam

China Duty Free (CDF), under China’s largest state-owned tourism enterprise China Tourism (CTG), has sealed a memorandum of understanding with Vietnam’s multi-sector corporation Imex Pan Pacific Group (IPPG) to open three duty-free shops in the Southeast Asian nation.

Travel - Mon, Dec 22, 2021 | 11:30 am GMT+7

HCMC sees no housing supply from new projects due to regulatory conditions

HCMC sees no housing supply from new projects due to regulatory conditions

Two real estate projects in Ho Chi Minh City failed to meet the regulatory conditions to mobilize capital in the first quarter of this year, worsening the lack of new properties on the market, said a representative of the municipal Department of Construction.

Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

HCMC firms in the market for larger office spaces: Knight Frank

HCMC firms in the market for larger office spaces: Knight Frank

Rising demand for larger office spaces and a willingness to invest in them speak to the confidence and potential of the Ho Chi Minh City office market, wrote analysts from consulting firm Knight Frank.

Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam National University-HCMC, Synopsys to train semiconductor students

Vietnam National University-HCMC, Synopsys to train semiconductor students

U.S.-based leading chip company Synopsys and Vietnam National University-Ho Chi Minh City (VNUHCM) signed a memorandum of understanding on Friday to increase cooperation on chip design training and research.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Southern Vietnam real estate market sees no new offerings in 2 months

Southern Vietnam real estate market sees no new offerings in 2 months

The real estate market in Ho Chi Minh City and its surrounding areas saw no new projects offered for sale in the first two months of 2024, according to property consultancy firm DKRA Group.

Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

Hanoi, HCMC in apartment price race

Hanoi, HCMC in apartment price race

The average primary asking price of apartments in Hanoi has increased for 20 consecutive quarters to VND58 million ($2,363) per square meters, while in Ho Chi Minh City, apartments priced under VND2 billion ($81,000) per unit are no longer available.

Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

More than 400 delicious dishes to highlight HCMC food festival

More than 400 delicious dishes to highlight HCMC food festival

More than 400 dishes from different regions across Vietnam will be presented at the Ho Chi Minh City Culinary Culture Festival, which will take place from March 28-31 at Van Thanh Tourist Park in HCMC.

Travel - Mon, Dec 22, 2021 | 11:30 am GMT+7

Singapore’s CapitaLand plans 70% growth in Vietnam residential portfolio

Singapore’s CapitaLand plans 70% growth in Vietnam residential portfolio

CapitaLand Development, the development arm of Singapore-headquartered CapitaLand Group, aims to grow its Vietnam residential portfolio to 27,000 units by 2028, a 70% growth from the current 16,000.

Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

HCMC man arrested for misusing money gained from banking error

HCMC man arrested for misusing money gained from banking error

Nguyen Tam Duy, a 41-year-old man in Ho Chi Minh City, was arrested by local police Wednesday for illegal asset possession.

Society - Mon, Dec 22, 2021 | 11:30 am GMT+7

Hanoi, HCMC to welcome large amount of new office supply in 2024: Cushman & Wakefield

Hanoi, HCMC to welcome large amount of new office supply in 2024: Cushman & Wakefield

Hanoi's Central Business District (CBD) will welcome a total of 80,700 square meters of new office supply in 2024, while in Ho Chi Minh City, new Grade A supply is expected in the CBD with the launch of three projects, contributing a total of 118,700 sqm of premium office space to the market, according to analysts from Cushman & Wakefield.

Consulting - Mon, Dec 22, 2021 | 11:30 am GMT+7

Binh Duong emerges as attractive destination for affordable home buyers

Binh Duong emerges as attractive destination for affordable home buyers

While the apartment supply in Ho Chi Minh City has hit its lowest point in the last 10 years, neighboring Binh Duong province is emerging as an attractive destination for home buyers with a supply of diverse products at affordable prices, according to Savills Vietnam.

Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

Supply chain diversification opportunities help Vietnam attract FDI in 2024: broker

Supply chain diversification opportunities help Vietnam attract FDI in 2024: broker

Opportunities for supply chain diversification, economic improvements and political stability are the aspects that would enable Vietnam to continue attracting FDI in 2024, according to Rong Viet Securities Company.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Samsung’s Vietnam subsidiaries post 2-digit drop in sales, profit

Samsung’s Vietnam subsidiaries post 2-digit drop in sales, profit

Four Vietnamese subsidiaries of South Korean giant Samsung Electronics reported revenues of KRW81,146.7 billion ($60.83 billion) in 2023, down 11.83% year-on-year; and after-tax profits of KRW5,263.1 billion ($3.95 billion), down 13.09%.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Singapore’s Keppel posts zero 2023 home sales in Vietnam

Singapore’s Keppel posts zero 2023 home sales in Vietnam

Keppel Corporation recorded no sales of home units in Vietnam in fiscal year 2023, according to the Singaporean firm’s financial results for the full year ending December 31, 2023.

Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

Southeast Asia’s biggest drone light show to mark start of Year of Dragon in Hanoi

Southeast Asia’s biggest drone light show to mark start of Year of Dragon in Hanoi

A drone light show expected to set a Southeast Asian record is scheduled to take place by the side of the West Lake in Hanoi on the eve of the Year of the Dragon on February 9.

Travel - Mon, Dec 22, 2021 | 11:30 am GMT+7

Bamboo Capital’s acquisition of waste treatment firm marks entry in waste-to-power sector

Bamboo Capital’s acquisition of waste treatment firm marks entry in waste-to-power sector

BCG Energy of private Vietnamese conglomerate Bamboo Capital group is set to enter the waste-to-power sector with the acquisition of Ho Chi Minh City-based waste treatment firm Tam Sinh Nghia Investment Development JSC.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Nguyen Hue flower street in HCMC to introduce new concept

Nguyen Hue flower street in HCMC to introduce new concept

Saigontourist Group has announced new concepts for Nguyen Hue flower street in Ho Chi Minh City for the upcoming celebration of the Year of the Dragon.

Travel - Mon, Dec 22, 2021 | 11:30 am GMT+7

Industrial parks in Ho Chi Minh City attract record high $1 bln investment in 2023

Industrial parks in Ho Chi Minh City attract record high $1 bln investment in 2023

Foreign and domestic investors poured slightly over $1 billion, an all-time high, into industrial parks (IPs) and export processing zones (EPZs) in Ho Chi Minh City, Vietnam’s leading economic hub, in 2023, up 84% year-on-year.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

HCMC floating flower fair to celebrate Lunar New Year festival

HCMC floating flower fair to celebrate Lunar New Year festival

The floating flower fair, one of the Ho Chi Minh City’s most-visited attractions in Tet (Lunar New Year holiday), will open at Binh Dong Wharf in District 8 from January 25 to February 9 (or December 15-30 of the lunar calendar).

Travel - Mon, Dec 22, 2021 | 11:30 am GMT+7

HCMC to launch high-speed boat service to Con Dao Island

HCMC to launch high-speed boat service to Con Dao Island

The Ho Chi Minh City Department of Transport plans to launch a high-speed boat service to Con Dao Island off Ba Ria-Vung Tau province from February 23 to meet tourism demand.

Travel - Mon, Dec 22, 2021 | 11:30 am GMT+7

World Economic Forum to launch Vietnam Center of Industry 4.0 in HCMC

World Economic Forum to launch Vietnam Center of Industry 4.0 in HCMC

The World Economic Forum (WEF) and Ho Chi Minh City authorities will establish a Center for the Fourth Industrial Revolution in Vietnam (C4IR Vietnam) in June 2024.

Infrastructure - Mon, Dec 22, 2021 | 11:30 am GMT+7

HCMC court installs cameras to protect 6 tons of Van Thinh Phat Group scam documents

HCMC court installs cameras to protect 6 tons of Van Thinh Phat Group scam documents

The Ho Chi Minh City People's Court has installed security cameras and a firefighting system to protect six tons of documents to be used as evidence in the upcoming trial of Truong My Lan, chairwoman of real estate developer Van Thinh Phat, and her accomplices.

Society - Mon, Dec 22, 2021 | 11:30 am GMT+7

Lion dance festival to open in HCMC

Lion dance festival to open in HCMC

Around 50 troupes from 15 cities and provinces in Vietnam will compete in the Kylin-Dragon Dance Festival in Ho Chi Minh City from Friday to Sunday this week.

Travel - Mon, Dec 22, 2021 | 11:30 am GMT+7

Industrial parks to remain ‘tenant-favorable’ as competition heats up: Knight Frank exec

Industrial parks to remain ‘tenant-favorable’ as competition heats up: Knight Frank exec

Increasing investors in industrial parks will make them more competitive and tenant-favorable, with developers offering cheaper rents and other incentives, Knight Frank Vietnam managing director Alex Crane tells The Investor.

Executive Talk - Mon, Dec 22, 2021 | 11:30 am GMT+7

HCMC approves Thu Thiem land auction plan

HCMC approves Thu Thiem land auction plan

The Ho Chi Minh City People's Committee has approved a plan to auction land plots in Thu Duc city’s Thu Thiem area, Huynh Van Thanh, deputy director of the municipal Department of Natural Resources and Environment, said Sunday.

Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

Saigon businesswoman faces justice after being on the run for 28 years

Saigon businesswoman faces justice after being on the run for 28 years

Businesswoman Tran Xuan Hoa, 73, has been accused of appropriating more than VND131 billion ($5.37 million under the current exchange rate) from dozens of individuals and organizations in 1994 when she served as director of the Ho Chi Minh City-based Quyet Thang Co., Ltd.

Society - Mon, Dec 22, 2021 | 11:30 am GMT+7

Remittances to HCMC three times FDI inflow: official

Remittances to HCMC three times FDI inflow: official

Ho Chi Minh City Vice Chairman Vo Van Hoan has said 2023 overseas remittances into the city is set to increase 35% year-on-year at around $9 billion.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7