The city will create favourable conditions for businesses in 2010 to strive for increasing total revenue by 11-13 percent and export turnover by 12-13 percent as compared to 2009. To achieve this goal, the management board will promote investment, introduce the development potential of industrial and export processing zones, and inform investors about administrative procedures and infrastructure related to building and implementing projects.The management board will promote investment through their website and provide new publications to supply information about the legal environment.In 2009, Hanoi’s management board of industrial and export processing zones granted investment licenses to 16 domestic projects with a total registered capital of VND728 billion, and 27 foreign-invested projects totalling US$91.4 million.To date, industrial zones in Hanoi have attracted 508 registered-investment projects, including 240 foreign-invested projects with total registered capital of … [Read more...] about Hanoi to draw US$180 million in industrial zones by the end of this year
The le cuoc thi
The affirmation comes from former Ambassador of the United States to Vietnam Michael W. Michalak regarding Vietnam’s economic outlook. With more than 30 years working at the US State Department, holding many responsibilities in the Asia - Pacific, Michael W. Michalak is considered one of the leading experts on Asia, who knows well the characteristics and intrinsic resilience of Asian economies. After many years of working in Vietnam, Michael W. Michalak has come back to Vietnam to continue his contribution to the economic development of Vietnam through a series of workshops organised by Money Rain project and AmCham, aimed to help small and medium enterprises survive and develop in times of crisis. Vietnam Business Forum conducted an interview with Mr Michael W. Michalak. Thu Huyen reports. You have worked and lived in Vietnam for years, how do you see the Vietnam economy performing in the global context at the current time? … [Read more...] about “Things Will Look Better by the End of This Year”
The dong/dollar exchange rate adjustment, according to ANZ, will help ease the pressure on the State Bank to intervene in the forex market.However, according to the bank, even if Vietnam does not change its policies from now to the end of the year, the dong will still lose up to 5.1% of its value this year.The local currency has depreciated by 4.5%, after three exchange rate adjustments and widening of the forex trading band two times.The bank noted that in the last two years, the dong only depreciated by 1.3% every year.Standard Chartered and HSBC have also highly appreciated the State Bank’s move to devalue the dong by another 1%. The central bank’s decision, in the eyes of Standard Chartered, shows its concern about the impact of the Chinese yuan devaluation. Standard Chartered believes that the latest adjustment is nearly equal to the 3 percent yuan devaluation.As soon as the announcement about the exchange rate adjustment was released, dollar prices soared in both … [Read more...] about How much value will the dong lose this year?
Thi Tuong lagoon is nestled in the heart of green fields and is surrounded by nipa trees. Shaped like a balloon swelling out, it is two kilometers wide, ten kilometers long and has the total water surface of around 700 hectares, Thi Tuong charms tourists with its picturesque beauty. In the morning, tourists can experience the peace and tranquility of the lagoon while hearing the birds sing and watching as the sun rise creates a mesmerizing scene on the water. When the sun is up and the dew has disappeared tourists can observe more clearly the daily life of local people in this coastal area with their many unique customs. On the lagoon there are about 20 floating houses where locals breed shrimp. Among them, Hung’s is the largest home which is well equipped with modern facilities. He even has a wooden boat to grow vegetables and a cage to raise chicken, pigs and ducks. At Hung’s homestay, tourists will be given a cruise around the lagoon. In the afternoon when the sun … [Read more...] about Spending the night at Thi Tuong Lagoon
Hanoi (VNA) – Hoa Phat Group (HPG)expects to hand over apartments of the Mandarin Garden 2 to buyers at the endof this year.Mandarin Garden 2 covers an area of nearly13,000 sq.m with four buildings ofbetween 17 and 30 storeys. The 1.5trillion VND (66 million USD) project has 640 apartments.In the first half of this year, HPG earnedmore than 21 trillion VND (924 million USD) and posted after-tax profit of 1.53trillion VND (67.3 million USD), up 36 percent and 14 percent year-on-year,respectively. The group’s performance during the reviewedperiod was mainly driven by construction steel and steel pipes. It produced more than 1 million tonnes ofconstruction steel, representing a year-on-year rise of 33 percent against thesame period last year, completing more than half of the yearly target. Since the beginning of this year, HPGexported about 90,000 tonnes of construction steel to such markets as the US,Australia, Malaysia, Singapore, Cambodia, Laos and the … [Read more...] about Mandarin Garden 2 flats to be handed over to buyers at the end of this year
The shop has quickly won the hearts of young Saigonese with its beautiful roses with different flavors in each petal.Earlier this week, Insider Dessert catapulted Roseice Saigon to a new level by posting a video on its Facebook page showing how its cool, colorful roses are made.“Booking my flight to Vietnam,” Matt Greenberg wrote on Facebook, while Manisha Masani told her friends: “This is the next ice cream craze we need to try.”If you happen to be in Saigon now, check out this ice cream shop at 64-66 Ngo Duc Ke Street in District 1 and tell the world what you think about this Saigonese version of rose ice cream. … [Read more...] about The internet loves this flowery Saigon ice cream. Do you?
If breathtaking scenes, memorable experiences and good food are what you are looking for, the town of Sa Pa way up in the north of Vietnam has the answer. The town in the clouds in Lao Cai Province may have lost some of its charm due to overdevelopment, but it's still a top choice for tourists thanks to its comfortable cool climate, fresh flowers and the peak of Mount Fansipan – dubbed the “Roof of Indochina” – from where you can literally see the clouds dancing. As for food, Sa Pa knows just what to serve up in the chilly weather. Put these five dishes below on your what-to-eat list in Sa Pa, and you will thank the chefs and locals there later. Salmon hotpot What could be better than hotpot in the cold weather? The answer is hotpot with fresh salmon. Locals in the northern mountainous region have been farming salmon for years and the results so far have been positive. When it comes to salmon dishes, chefs in Sa Pa prove themselves to be the best with … [Read more...] about Fight off the cold with this menu of winter-warmers on the roof of Vietnam
Of all the noodle soups to be lined up anywhere from steamy street corners to fancy tables in Saigon, this fish cake soup is possibly the greenest, thanks to a generous helping of chives. The banh canh cha ca (fish cake noodles) at this Saigon eatery follows a traditional recipe from the central region and is served with thick tapioca noodles, crunchy pieces of fish cake, snakehead fish fillets and boiled quail eggs. What makes it special is a large spoonful of chopped chives sprinkled on the top, canceling out the fishy smell and giving extra flavor to the broth. All diners have to do is squeeze in some lemon juice and add slices of red chili if you're a heat freak. The fish tastes better after dunked in spicy salty fish sauce, according to loyal fans. One bowl costs VND30,000 ($1.32) and makes the perfect lunch or warm nighttime snack. The restaurant is open from 9 a.m. until late at night and can be found easily at 54 Hoa Su Street, Phu Nhuan District. The sign actually says "banh … [Read more...] about It’s all about the chives in this Saigon noodle soup
by Quang VinhThe images and video clips of last Sunday lost no time in doing what they do in this digital age of smartphones. They went viral. It was not an edifying sight - young dads holding their children in their arms and young girls in mini-skirts climbing over the high fences of the Ho Tay Water Park in Ha Noi, with at least one of them getting their underwear torn.And true to digital norm, the images became the talk of the town, with instant feedback pouring in through all forms of media. Some found it a matter of light-hearted fun, even a somewhat touching gesture by a father to get his child into the park. Others decried the "Com binh dan" (a restaurant euphemism for common) approach of scrambling and jumping queues. Some went so far as to say this was uncivilized, unacceptable behaviour that showed up the country in a bad light.In expanding on the last-mentioned criticism, attention was drawn to how people admired the orderly way in which the Japanese people responded to the … [Read more...] about Can we sit on the fence on this one?
HA NOI (Biz Hub) —Vinh Hoan Fisheries on Monday became the third listed company to offer 100 per cent of its ownership to foreign investors after Government Decree 60/2015/ND-CP took effect.The decree, which took effect in September, allows foreign investment without limits in public companies that are not listed as conditional businesses, and in Government and corporate bonds.Sai Gon Securities Inn (SSI) was the first to open itself completely to foreign investment in 2015. Everpia Vietnam JSC (EVE) did the same on February 3. EVE then quickly raised its foreign ownership to 58 per cent from 49 per cent. On February 19, EVE shares ended at VND 34,400(US$1.5), an increase of 32 per cent compared with when it had a room limit.On Monday, after VHC announced foreigner investors could own 100 per cent of the company, shares in the fisheries company grew 0.9 per cent to reach VND34,200 in the HCM Stock Exchange.After the annual general shareholder meeting at the beginning of the … [Read more...] about No limit for foreign ownership to boil the stock market this year