Billion dollar brain

Indochina Kajima's Wínk at 75 Nguyen Binh Khiem Street of Ho Chi Minh City is the first of a chain of 20 hotels with the brand name of Wínk Hotels that will be developed across Vietnam in the next five to seven years. According to Peter Ryder, CEO of Indochina Capital, Wínk Hotels is for the modern traveller. “Obviously, the millennial demographic fits the definition of the “modern traveller,” but I want to reiterate that the brand is not just meant for young people,” Ryder told VIR. According to Peter Ryder, CEO of Indochina Capital, Wínk Hotels is for the modern traveller Wínk Hotels will offer a new style of entertainment, innovative food and beverage concepts, minimalist-style guestrooms, state-of-the-art technology, and a well-equipped co-working space – a tantalising hospitality experience that will be the first of its kind in Vietnam. Young people will certainly make up a large portion of the guests, but the hotel … [Read more...] about Indochina and Kajima lay first brick of billion-dollar hotel chain

A family in Nghe An Province are calling for financial support to help save their three-year-old daughter from brain cancer. Truong Ngoc Mai Truong Van Sy and Truong Thi Ngoc Anh are desperate as the eyes of their daughter, Truong Ngoc Mai, have been deformed by the tumour. "She's very weak now. Her eyes became even bigger today and there was even more pus. I'm afraid that I may lose her," Anh said. According to Anh, Mai had a fever, headache and eyesore three months ago. They borrowed money to bring her to the hospital where doctors said she had three brain tumours in dangerous places. After that, her eyes swelled up and look like they can burst at any time. She was later transferred to National Cancer Hospital in Hanoi but the family had to bring her home after running out of money. Truong Ngoc Mai can't stand up or speak clearly due to weak health. Mai can't see anything with the swollen eyes and is half body paralysed. Mai's father works as a mason but his salary is not … [Read more...] about Plea to save little girl from brain cancer blindness

Memorandums of understanding being signed at the ‘Overseas Vietnamese Join Hands with HCM City Business People conference in HCM City on October 9. — Photo HCM City Remittances to HCM City by overseas Vietnamese in the first nine months of this year were worth at US$3.8 billion, a 7 per cent increase year-on-year, according to figures from the State Bank of Viet Nam’s city branch. At a conference titled ‘Overseas Vietnamese Join Hands with HCM City Business People’, Phung Cong Dung, chairman of the HCM City Association for Overseas Vietnamese, said the figure could reach $5 billion for the full year. The remittances are increasing as more Vietnamese, especially guest workers, go and live in countries around the world, he said. Members of Overseas Vietnamese communities seek investment opportunities in their homeland, which has achieved significant economic growth in the last few decades, he said. The Government has also simplified procedures for overseas … [Read more...] about Remittances to HCM City by overseas Vietnamese top US$3.8 billion

(Illustrative photo: Trek with Tech)   Bangkok (VNA) – Thailand’s currency has surged in value to a 6-year high of 30.33 baht per US dollar at the end of October 9. Since early this year, the baht’s value has picked up 7.3 percent, more than any other Asian currency. Roong Sanuangruang, an analyst at Krungsri Bank, said the baht’s strengthening has gone against the trend of other currencies in the region. The reason behind this is the fact that Thailand has a high current-account surplus at 7 to 8 percent of the GDP and that it has high international reserves worth 220 billion USD in line with the central bank’s long position of 33.1 billion USD, or total international reserves of 253 billion USD as of September 27. Roong said foreign investors see the baht as a safe haven even though Thailand’s economic growth is not high, and the baht may even move up to 30 THB per dollar in the short term. Meanwhile, Thailand’s Finance Minister … [Read more...] about Thailand’s baht hits 6-year high

Plastics industry confident of achieving 3.2 billion USD export target The local plastic industry, with solid growth in shipments, will surely meet its yearly export target of 3.2 billion USD, according to the Vietnam Plastics Association. According to Ho Duc Lam, its chairman, said exports saw impressive growth last year to 3 billion USD while overall revenues jumped to 12 billion USD. “Exports in the first nine months of the year increased by 5 percent and will continue to enjoy good growth in the rest months of the year. “The US-China trade war has offered opportunities to Vietnamese plastics firms to boost exports.” According to the association, exports go to more than 150 countries and territories, with the US and Japan being key markets. In the domestic market, some industries, even those such as aerospace which use high-grade materials, are shifting to plastic products, and as a result sales have grown rapidly, Lam said. Locally-made plastic products are … [Read more...] about VIETNAM BUSINESS NEWS HEADLINES OCTOBER 16