After years of living in Hanoi Horison Hotel, Karl Derek John decided to move out. Instead of looking for a serviced apartment as other foreigners have done, the managing director of Contacts International Hospitality Group chose an apartment in Trung Hoa-Nhan Chinh new residential quarters. John was happy to find a well-furnished apartment for living and working. Yet the apartment does not belong to a serviced apartment building built to lease exclusively to expatriates. Trung Hoa-Nhan Chinh is actually a housing complex developed by local contractor Vinaconex to sell to Vietnamese.It used to be painstaking for expatriates like John to find a locally built quality apartment, but developers have recently begun capitalising on a real estate boom to build high-rise complexes to sell to an increasing number of affluent locals. Many of these complexes are of good quality and Vietnamese owners buy them to lease to foreigners. John is not the only foreigner who chose Trung Hoa-Nhan Chinh to … [Read more...] about Top range apartments pull expats
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CSR Awards underline Korean companies’ social conscience
'Korean companies in Vietnam have been paying more attention towards their fulfillment of CSR with purpose of enriching people's quality of life of not only the workforce and their families' A Corporate Social Responsibility (CSR) Award pre-celebration ceremony for Korean investors in Vietnam was successfully held last month by Vietnam's Ministry of Planning and Investment and South Korea's Ministry of Knowledge Economy. The awards, organised on the occasion of the 20th diplomatic relation anniversary between the two countries, is evidence that Korean enterprises are championing Vietnam's socio-economic development. During the last nearly 20 years, in addition to effective and successful business operation which directly resulted in the increasing number of jobs and raising the living standards of local people in a wake of Vietnam's economic development, Korean companies in Vietnam have been paying more attention towards their fulfillment of CSR with purpose of enriching … [Read more...] about CSR Awards underline Korean companies’ social conscience
U.S. companies to help build Vietnam’s infrastructure
Mr. Francisco J. Sánchez, the U.S. Under Secretary for International Trade at the U.S. Department of Commerce, wrote for VietNamNet before his official visit to Vietnam. This will be my third visit and second trade mission to Vietnam since April 2011. It is intended to highlight how the U.S. Government, working with our public sector organizations, has made a long-term commitment to help build the critical infrastructure Vietnam needs for successful global integration using proven American products and technology. … [Read more...] about U.S. companies to help build Vietnam’s infrastructure
Resettlement assistance fund runs dry
A fund to support Ho Chi Minh City residents whose land has been reclaimed for projects has been exhausted, leaving thousands of eligible families struggling to make a living. Le Van Nam (R) wants to borrow VND80 million (US$4,827) from Fund 156 to buy machinery and tools so three of his children can find jobs as electricians and painters. … [Read more...] about Resettlement assistance fund runs dry
Singaporean companies see long-term potential in Vietnam
(VEN) - International Enterprise Singapore (IE Singapore) Center Director and Singaporean Embassy in Vietnam Second Secretary Raymond Lui spoke with Vietnam Economic News' Le Hoa on the occasion of the 47th National Day (August 9, 1965 - August 9, 2012) of the Republic of Singapore and the 49th anniversary of diplomatic relations between Vietnam and Singapore (August 1, 1973 - August 1, 2012). We see continued interest by Singaporean companies to do business and expand their presence in Vietnam. Singaporean companies see the long-term potential of the Vietnamese market. … [Read more...] about Singaporean companies see long-term potential in Vietnam