With a charter capital of 50 billion VND (2.2 million USD), the company, a wholly owned subsidiary of Techcombank, expects to sell five million units of 10,000 VND. The fund's custodian and administrator is the State-owned Bank for Investment and Development of Vietnam. Investors can register to buy a minimum of 100 units until March 9, 2016 with Techcom Securities, the REIT's exclusive distributor. TCREIT focuses primarily on cash flow-generating properties such as office buildings, shopping malls, hotels, and resorts. TCREIT is expected to be listed on the Hanoi Stock Exchange in 2016. Vietnam's real estate market outlook remains highly positive as a result of strong domestic and foreign demand for accommodation and property assets. However, the high initial investment and low liquidity dissuade retail and institutional investors from participating in large projects with stable cash flows. TCREIT enables the securitisation of real estate projects into fund certificates that give … [Read more...] about Techcom starts first real estate investment trust in VN – News – Investment
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VN News rates top culture, tourism events
Viet Nam News 1.Record 10 million international tourists visit Việt Nam Việt Nam has received more than 10 million foreign tourists in 2016 - a new record for the country's tourism industry, exceeding the target of 8.6 million tourists. The new record also contributes to confirming that Việt Nam has become one of the safest, most attractive and friendly destinations in the Asia-Pacific Region. British citizen Michael Tonge became the 10 millionth tourist entering the country when he arrived on Phú Quốc Island on Christmas Day. Tonge and two other lucky tourists, the 9,999,999th from Germany and 10,000,001th from Sweden, who flew in on the same plane to vacation on the Island, were presented with medals and souvernirs. Việt Nam targets 11.5 million international tourists and 66 million domestic ones in 2017, and revenues of VNĐ460 triillion (US$21 billion). 2. Resolution on developing tourism as key industry The Politburo issued a resolution in December on developing tourism into … [Read more...] about VN News rates top culture, tourism events
VN News mourns Glenn Phillips
Glenn Phillips, 44, a former editor at Việt Nam News, died on August 9 while on a motorbike trip in the Himalayas. Việt Nam News sends its deepest sympathy to his family. His partner announced on her Facebook page that she and Phillips, who lived in Ha Noi, were in India riding in the Himalayas. Phillips became sick and collapsed on August 9. Local efforts to resuscitate him were unsuccessful. Phillips worked at the newspaper from 2001 to 2003. He edited articles and stories for the Lifestyle section. He coined the name of the Culture Vulture column, which enjoys great popularity with its catchy title. Even after leaving the paper, he was always ready to help edit VNS articles such as travel columns and features. "We will never forget Glenn's good character and quality editing," said Editor-in-Chief, Trịnh Thanh Thuỷ. -- VNS … [Read more...] about VN News mourns Glenn Phillips
VN News Agency refutes China’s coverage about East Sea issue
VN states position on Tribunal's ruling issuance Following the meeting, a number of Chinese official press outlets, including Xinhua, the English version of newswire chinadaily.com.cn and the Chinese version of the People’s Daily quoted PM Nguyen Xuan Phuc as saying that “Viet Nam respects China’s stance on the South China Sea arbitration case, which was unilaterally initiated by the Philippines, and maintains that such disputes should be solved peacefully through negotiations” and “Viet Nam stands ready to push forward bilateral maritime negotiations and properly manage differences with China, in order to contribute to regional peace and stability”. In fact, PM Phuc asked both sides to seriously realise agreements and common perceptions by senior leaders, including the agreement on basic principles guiding the settlement of issues at sea between Viet Nam and China signed by Party Secretary General Nguyen Phu Trong and his Chinese counterpart Hu … [Read more...] about VN News Agency refutes China’s coverage about East Sea issue
Celebrating Viet Nam News’ 25th anniversary
Viet Nam News TEED OFF with Robert Bicknell As evidenced throughout this issue, Vietnam News is celebrating it’s 25th anniversary, which is an amazing milestone considering we really started with a 4-6 pages back in the day. I still remember the uniqueness of situations where we would report on the volume of things instead of the amounts. Example, we would say, “Authorities captured 25 kg of snakes” instead of simply saying, “Authorities captured 18 snakes.” It’s one of the things that made us different… I also got into an argument with a few editors over the use of the term “Vietnam War.” I reasoned that every war in Vietnam was a “Vietnam War” so the one against the US should have been the “American War”, etc. I will probably never get credit for it, but it eventually became the “American War” in the paper… The US Embassy went slightly apeshit and wouldn’t talk to me for a … [Read more...] about Celebrating Viet Nam News’ 25th anniversary