The second project, Metro Line No. 3A (Ben Thanh – Tan Kien), is 19.5 kilometres long and costs 1.8 billion USD. It will connect to metro lines at the upcoming Ben Thanh Station in District 1 to transport travelers from the city centre to southwest provinces. … [Read more...] about Ho Chi Minh City seeks investment for seven major projects
Stagnant real estate market
Vietnam emerges as attractive Asian destination for investors: The Economist
Hanoi (VNA) – Vietnam has emerged as an attractive foreign direct investment (FDI) destination in Asia, by beating China and India, a report by The Economist Intelligence Unit (EIU) has indicated. The Southeast Asian nation has become a new hub for low-cost manufacturing in Asian supply chains, the website eurasiantimes.com on January 14 quoted the report. The report suggests that factors that make Vietnam better than its peers are the incentives for international firms for setting up units to manufacture hi-tech products, the pool of low-cost workers, and the proliferation of free trade agreements. It also cited Ruchir Sharma, an emerging markets strategist at Morgan Stanley, as saying that Vietnam’s FDI has averaged more than 6 percent of GDP, which is the highest ratio in any emerging country. In addition, the ever-changing policies as per the market demand, the vigorous changes in the business and investment climate, socio-political stability and population … [Read more...] about Vietnam emerges as attractive Asian destination for investors: The Economist
Vietnamese diva Le Thu dies of COVID-19 in US
Thu’s funeral will not take place in a couple of weeks as the funeral services in her locality is currently overloaded due to the complications of the COVID-19 pandemic, according to singer Quang Thanh - one of Thu’s juniors in the music industry living in the States. … [Read more...] about Vietnamese diva Le Thu dies of COVID-19 in US
Vietnam Airlines receives multimillion-dollar bailout package as state investment
“As the development of the pandemic on the world remains unpredictable, it is hard to establish a business plan for Vietnam Airlines. Without it, we can’t assess the value of the company. Only when Vietnam Airlines returns on international routes can its business operation recover,’ Thanh remarked. … [Read more...] about Vietnam Airlines receives multimillion-dollar bailout package as state investment
Inbound, outbound travelers may need compulsory Covid-19 insurance
France, for example, replaces refunds with vouchers or similar forms, which have value equivalent to a service in the future. Clients can ask for a refund for unused vouchers after 18 months. This helps reduce financial disputes and maintains demand for travel between clients and businesses, and between businesses in travel supply chains. … [Read more...] about Inbound, outbound travelers may need compulsory Covid-19 insurance
