Singaporean firm keen on Vietnamese real estate

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Singapore's Cityneon Holdings, Limited has opened a representative office in Ho Chi Minh City as part of its expansion strategy to capture a large share of Vietnam's lucrative real estate market. The office, located at the Saigon Trade Centre in HCM City District 1, will also serve as the company's launch pad to penetrate Cambodia and Laos. Cityneon Managing Director Ko Chee Wah said that the presence of its office in Vietnam reflects his company's long-term commitment to establishing a … [Read more...]

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Dubai group to develop $30billion property project in Vietnam

(VOV) -Global Sphere, a Dubai-based development company, has launched a US$30 billion "Hanoi Wall Street" real estate project that will cover an area of 35 sq km. Foreign investment pours into real estate market Singaporean firm keen on Vietnamese real estate Global Sphere Board Chairman Dr Abdullah Al Sayegh said the project is an integrated complex with a total value estimated at US$30 billion. The first phase, valued at US$10 billion, is expected to be finished by … [Read more...]

Dubai group develops $30billion property project in Vietnam

(VOV) -Global Sphere, a Dubai-based development company, has launched a US$30 billion "Hanoi Wall Street" real estate project that will cover an area of 35 sq km. Foreign investment pours into real estate market Singaporean firm keen on Vietnamese real estate Global Sphere Board Chairman Dr Abdullah Al Sayegh said the project is an integrated complex with a total value estimated at US$30 billion. The first phase, valued at US$10 billion, is expected to be finished by … [Read more...]

Singaporean businesses still keen to invest in Vietnam

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(VOV) - Despite the global economic downturn, Singaporean businesses show strong interest in investment opportunities in Vietnam as they are confident in the country's economic potential. Singapore-Malaysia JV invests in flour mill in Quang Ninh Singaporean firm keen on Vietnamese real estate The statement was made by Consul General Pong Kok Tian at a meeting in Ho Chi Minh City on August 8 to mark the 47th anniversary of Singaporean National Day. By July 2012, its total investment in … [Read more...]

HCM City attracts more FDI projects

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Since early this year, the Ho Chi Minh City Department of Planning and Investment has granted certificates to 129 FDI projects, valued at US$166 million in total. Binh Duong takes lead in attracting FDI Singaporean firm keen on Vietnamese real estate Real estate project tops FDI attraction list With more capital added to 28 projects already in generation, the total amount of FDI funding has reached US$450 million. Singapore has taken the lead with more than US$94 million, followed by … [Read more...]

Standard Chartered expands HCMC office

The Saigon Times Daily The expansion of the bank's office in the city makes it possible to accommodate its growing business and headcount in the country's south. With the new office for wholesale banking business and support functions, adjacent to the existing consumer banking office, the bank is now the sole occupant of a floor of the Saigon Trade Centre in District 1. Louis Taylor, general director of Standard Chartered Bank (Vietnam) Ltd., said: "The new premises in HCMC mark another … [Read more...]

Standard Chartered Bank expands its office in HCMC

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The UK Minister of State for Trade and Investment, Lord Green today performed the official opening of the Standard Chartered Bank Vietnam's expanded office in Ho Chi Minh City. Following last year's relocation of the bank's Hanoi head office to Keangnam, the tallest building in Vietnam, the bank has now expanded its office in Ho Chi Minh City to accommodate its growing business and headcount in the south. With the new office for Wholesale Banking business and support functions, adjacent to … [Read more...]

AppliancZ Named Exclusive Distributor of York Products in Vietnam

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Johnson Controls, a global leading company offering products and services to optimize energy and operational efficiencies of buildings, has recently named AppliancZ Vietnam Joint Stock Company as its sole distributor of York control system solutions and water coolers in Vietnam, including construction management system, fire alarm system, closed-circuit television camera (CTTV), entry - exit security solutions, and after-sales service. Johnson Controls Building Efficiency Asia (JC) and … [Read more...]

Lax management fosters business registration abuse

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A man in HCM City was recently discovered to have set up 37 enterprises with the same headquarters in the space of just over one month. Nguyen Tuan An (right) claims to be the VTI Group's chief accountant Vo Van Vi also established two companies in 2009 that have yet to earn any revenues. False headquarters All 37 enterprises established by Vi have the same headquarters in a room on 31st floor of Saigon Trade Centre at 37 Ton Duc Thang, District 1, HCM City. The firms are all subsidiaries of … [Read more...]

Celadon – a city within a park

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The first integrated township development with a giant Central Park, located north of Ho Chi Minh City, is envisaged to be the preferred address of the young and vibrant community seeking quality living environment in a modern township. This signature township development, which provides residents an ideal home within a healthy living environment is the result of a strategic partnership between Sacomreal Vietnam and Gamuda Land Malaysia, one of Asia's premier developers with 30 years of … [Read more...]

Three retailers listed amongst top Asia-Pacific stars

Three Vietnamese companies have been listed in the 2007 Retail Asia-Pacific Top 500 selected by regional trade magazine Retail Asia Publishing. The three companies, all from Ho Chi Minh City, were the Commercial Cooperative Union (Saigon Co.op) receiving the gold award for the fourth time, the Saigon Jewelry Holding Company (SJC) winning its second silver, and the Saigon Trade Centre getting the bronze for its first time. The Saigon Co.op was also selected as one of top 10 most efficient … [Read more...]

Demand for Office Buildings Sharply Increases

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While the property market has not yet fully recovered, the rental of office building is on the increase. The influx of investments is improving the situation. According to CB Richard Ellis Vietnam (CBRE) Consulting Group, in three years, there will be some 100,000 sq. metres more for lease but this remains insufficient in light of the huge demand. High rental in Hanoi Office buildings in Hanoi continue to be scarce although there us some remaining vacant space. Recently, Tay Ho Tay Development … [Read more...]

Standard Chartered Bank Opens HCM City Branch

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UK-based Standard Chartered Bank on June 7 opened the Ho Chi Minh City Branch, its second branch in Viet Nam. The new branch is located on the second floor of the Saigon Trade Centre building, 37 Ton Duc Thang Street, District 1. Among the participants at the opening ceremony were British Prince Andrew, the Duke of York, Ho Chi Minh City Mayor Le Thanh Hai, and State Bank of Viet Nam Governor Le Duc Thuy. (From L) Mr. Thuy, British Prince Andrew, Mr. Nargolwala, the bank's group executive … [Read more...]

Parents ignore baby daycare programme

A teacher looks after children at a centre in Ho Chi Minh City's Thu Duc District. The city's pilot daycare programme for babies aged 6-18 months old has failed to attract interest. - Photo tuoitre.vn

HCM CITY (VNS) - Few babies aged six to 18 months have been registered at public kindergartens in eight HCM City districts under a pilot daycare programme targeted especially at workers and poor families. … [Read more...]

Banks eye ways to convert deposit boom into lending

A woman completes a banking transation at a brach of Agribank in Ha Noi. Banks are seeking ways to boost lending as bank deposits have increased in recent months. - VNS Photo Thai Ha

HA NOI (VNS) - Commercial banks are seeking ways to boost lending as bank deposits have increased in the past few months. … [Read more...]

HCM City wards eliminate poverty

Poor households in District 5 of HCM City. District 5 is among three areas where no households live under the city's poverty threshold. - VNA/VNS Photo Manh Linh

HCM CITY (VNS) - Three wards in HCM City do not have a single family living under the city's poverty threshold, according to the steering committee for a programme to reduce poverty and increase affluence. … [Read more...]

Food poisoning affects 200 HCM City workers

Around 200 workers at the SHIN DONG Textile Ltd Company in HCM Citys District 12, were hospitalised yesterday for food poisoning.- VNA Photo

HCM CITY (VNS) - Around 200 workers at the SHIN DONG Textile Ltd Company in HCM Citys District 12, were hospitalised yesterday for food poisoning. … [Read more...]

Social News Headlines 17/6

Bac Ninh to get free wi-fi in public areas People will get free wi-fi Internet access at governmental offices, public places and tourism destinations in the northern province of Bac Ninh from December 31. It is part of a project passed by its People's Committee on June 11 to have wi-fi in the province. The Vietnam Posts and Telecommunications (VNPT) will invest nearly VND10 billion (over US$476,000) in building technological infrastructure and installing equipments as well as providing … [Read more...]

Child film market a tough nut to crack

Fussy audience: Parents and children queue up for tickets to a foreign film at HCM City's Galaxy Studio Nguyen Du. Hollywood movies such as Frozen, Mr Peabody, and Maleficent are dominating cinemas and attracting long queues this summer as domestic directors struggle to make quality films for children. — Photo galaxycine.vn

HCM CITY (VNS)— Despite strong demand, few quality films are made for children and teenagers in Viet Nam, with directors mostly pointing the finger at the dearth of good screenplays. … [Read more...]