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Operating for 14 years in the country, British University Vietnam (BUV) has asserted its position, quality, and outstanding reputation in the education sector by continuously improving the quality of its training, demonstrating the international standard and value of British higher education. BUV pledges investment in quality education in Vietnam BUV, located in Ecopark 14km from the centre of Hanoi, is the first and only university in Vietnam and ASEAN to have been awarded accreditation from the Higher Education Quality Assurance Agency. To earn the recognition of quality, BUV has completed the International Quality Review, a rigorous procedure which benchmarks global higher education institutions against the United Kingdom’s international quality assurance standards, with the university achieving the highest level of performance in all 10 categories and outstanding accomplishments in all academic aspects. BUV is also the first and only university in Vietnam to be … [Read more...] about BUV pledges investment in quality education in Vietnam

In early April, the Board of Directors at Nam Viet JSC, a seafood producer in the southern region, gave the nod to the decision on dissolving Nam Viet Real Estate Co., Ltd. This company, based in Long Xuyen city in the Mekong delta province of An Giang, was founded in March 2022 to operate in real estate. Real estate might not always prove a fertile venture At the inception, the company had $3.5 million in chartered capital, which was scaled down to around $391,300 in mid-June 2022 before terminating operation in the recent past. At the company’s 2022 general annual shareholders meeting in June, CEO Doan Toi told shareholders that the company owned land, and that they would unveil two real estate projects later in the year, and another two in 2023. Last year, Nam Viet set an ambitious pre-tax profit target of VND1 trillion ($43.4 million) compared to a mere $6.5 million pre-tax profit posted in 2021, and committed to maintaining its profit in the range of a … [Read more...] about Core business key as companies pull out of real estate

Le Quang Vinh, deputy director of Sacombank’s capital resources and foreign exchange division, receives The Asset Triple A Treasurise award in the “Best in Treasury and Working Capital (SMEs)” category for Viet Nam. — Photo courtesy of the bank Sacombank has won the 2023 The Asset Triple A Treasurise award given by Hong Kong magazine The Asset in the “Best in Treasury and Working Capital (SMEs)” category for Viet Nam. It is for a second year in a row that Sacombank is winning this award by meeting all criteria in terms of business performance, customer support solutions and customer reviews. Sacombank’s strengths include abundant foreign currency liquidity, multi-currency payment capability along with an extensive transaction network in Viet Nam, Laos and Cambodia and a modern, safe and secure technology platform. It thus meets all customers’ trading needs in spot, forward, swap, and options transactions in a timely manner and at competitive rates and with flexibility and … [Read more...] about Sacombank wins award for treasury, working capital excellence

Currently, land rents in IPs in Vietnam are roughly 20 per cent less than in Thailand and Indonesia, according to Vu Minh Chi, senior manager of Industrial Services at Colliers Vietnam. "The reason is the quality and diversity of this market is inadequate," remarked Chi. Land tax has been reduced by 30 per cent this year, and it is proposed that the VAT rate be reduced to 8 per cent to support production enterprises. All showcase the appealing qualities of industrial real estate in Vietnam. Vietnam is still considered an attractive investment destination. According to the Foreign Investment Agency, the total registered foreign investment capital in Vietnam reached nearly $8.88 billion in April, representing an increase of 82.1 per cent on-year. The figure includes750 new projects receiving investment registration certificates, with a total registered capital of more than $4.1 billion. In addition, 386 projects were registered to modify investment capital, an increase of 19.5 per … [Read more...] about Vietnam’s industrial rents are rising swiftly

Manulife Vietnam repays over $34 million in light of accusations Lieutenant General To An Xo, the official spokesperson for Vietnam’s Ministry of Public Security, addressed inquiries from local media during a routine government press conference on June 3. It concerned the ongoing developments in the case involving Manulife Vietnam and Saigon Commercial Bank (SCB) and accusations of illicitly transforming customers' savings deposits into life insurance agreements. Lieutenant General Xo disclosed that the police have received a total of 579 complaints and have taken decisive action in response to each one. According to local media Dantri, Lieutenant General Xo shared that as of May 31, Manulife Vietnam had received a staggering 6,060 complaints pertaining to insurance contracts. Out of this substantial number, Manulife has successfully addressed and resolved 3,553 of the complaints. "Manulife has demonstrated its commitment to resolving this issue by refunding a large sum of … [Read more...] about Manulife Vietnam repays over $34 million in light of accusations

At a conference on solutions to develop and promote investment in real estate for agricultural tourism in Vietnam on May 25 in Hanoi, an action programme was discussed to create motivation for agro-tourism and rural development. Legal synchronisation can unlock agro-tourism potential Organised by the Vietnam National Administration of Tourism and the Vietnam National Real Estate Association (VNREA), it was the first time that a large-scale event discussed such issues. Nguyen Van Khoi, chairman of VNREA, said that the development of agricultural tourism is gradually becoming a trend in rural areas, especially in agricultural economy countries like Vietnam. It not only benefits the industry but also contributes to increasing the value of the land, raising opportunities for economic development, and improving the lives of local people. “In order to increase the value of the land through the development of agricultural and rural tourism, a sustainable development … [Read more...] about Legal synchronisation can unlock agro-tourism potential

The fifth plenary session of the 15th National Assembly has discussed and approved a number of important draft bills, including three new amendments to regulations that have significant impacts on the tourism industry in Vietnam. These policies are expected to boost the recovery and development of the tourism sector. Martin Koerner - Chairman EuroCham Vietnam’s Tourism and Hospitality Sector Committee The first law is to extend the visa exemption duration from the current 15 days to 45 days for citizens of countries that currently can travel to Vietnam visa exempt, including France, Germany, Italy, Spain, the UK, Japan, South Korea, Norway, Finland, Denmark, and Sweden. This law aims to attract more tourists from these key markets and encourage them to stay longer and spend more here. The second law is to expand the list of countries eligible for e-visa from 46 to 80, including markets such as India, Brazil, Mexico, and Argentina. The e-visa allows visitors to apply … [Read more...] about The future of tourism in Vietnam new visa policies and beyond

On June 4, as part of the official visit to Vietnam by the Australian Prime Minister, Prime Minister Pham Minh Chinh and Prime Minister Anthony Albanese witnessed an exchange of cooperation documents and the opening of two direct flights between the two countries. The documents include an MoUs between the MoST, the Ministry of Industry and Trade of Vietnam and Australia's DFAT on cooperation in science, technology and innovation and the establishment of a Ministerial Dialogue on Trade between Vietnam and Australia. Deputy Minister of Science and Technology Bui The Duy signed the MoU on behalf of the leaders of the MoST. The MoU will facilitate the exchange of information about typical activities in science, technology and innovation, and identify ideas and mutual interests to strengthen innovation partnerships including activities under the Vietnam - Australia Innovation Partnership Programme (Aus4Innovation). The Australian government attaches great importance to … [Read more...] about Vietnam and Australia strengthen sci-tech innovation ties