Naspers invests 89m in car auction start up

Tay Ninh (VNA) - A new two-line cable car system has opened in the southern province of Tay Ninh, taking visitors to the top of Ba Den (Black Lady) Mountain and Ba Den Pagoda. Developed by Sun Group, the cable car system, which is part of the Ba Den Mountain Sun World Tourism Area project, was designed by Austrian company Doppelmayr at an estimated cost of 2 trillion VND (86.5 million USD) for the first phase. With a designed speed of eight metres per second, it can transport 4,400 passengers per hour. Each cabin can accommodate 10 people. The two-way cable car line 1 extends from the foot of the mountain to the peak of Ba Den Mountain. It travels 986 metres above sea level with a length of 1,847 metres. With its 113 cabins, the cable car takes only eight minutes to reach the mountain’s summit, compared to a dangerous four-hour trek. From the foot of … [Read more...] about New cable car at Ba Den Mountain launched

Developed by the Sun Group, the cable car system, which is part of the Bà Đen Mountain Sun World Tourism Area project, was designed by Austrian company Doppelmayr at a estimated cost of VNĐ2 trillion (US$86.5 million) for the first phase. … [Read more...] about New cable car at Bà Đen Mountain opens in Tây Ninh

Last year, the Vietnam Tourism Stock Company (Vitours) began operating a bus route to shuttle tourists to the resort from downtown Da Nang and back between 7am and 6pm daily. A return ticket costs 110,000 VND (5.20 USD). … [Read more...] about Ba Na Hill finishes world’s longest cable car route

The report ‘The opportunity lies in building homes, 2016’ by JLL shared some developers in Ho Chi Minh City stated that they were making EBITDA margins of 25-30% on prime and mid-end residential projects. Affordable and mid-end residential projects are likely to sell reasonably well given affordability levels. Furthermore, the supply growth in these segments is much lower than premium projects so competition for buyers will be less intense. … [Read more...] about Foreign investors ready to invest big in Vietnam housing

We are living in a world with a lot of uncertainties in trade and the economy. Countries like ours, which are extremely open to the world, need to join together and work for clear rules based on international order. To further align under the WTO, APEC, ASEAN, the Pacific Alliance, and other regional and global trade alliances, countries like ours need to stick together and act together for clear and predictable rules in doing business. … [Read more...] about Chile and Vietnam to discuss bolstering trade co-operation