Residential market sluggish in Da Nang

In Da Nang, demand for apartments and villas chiefly came from buyers in Hanoi and HCM City, mostly for investment rather than use. In future 17,900 apartments in 27 projects and 1,060 villas in 20 projects are expected to hit the market.

HCM City takes lead in FDI attraction in April

The FDI disbursement in April reached around US $1.08 billion, bringing the total figure to US $3.62 billion in the past four months, or a year-on-year increase of 0.6%.

Foreign invested enterprises complain about customs procedures

Arepresentative from Amcham, said at the workshop on the investment environment improvement workshop held in HCM City on April 26, that enterprises not only have to spend money, but also a lot of time to fulfill customs procedures. It takes exporters three or four days on average to get customs clearance. Especially, it would be a big trouble to enterprises, if they export perishable products and they have to wait for customs procedures.

‘Green’ farming key to exports of tra fish

Farmers, breeders and processors should be aware of this and apply strict standards in all their operations, Pham Anh Tuan, deputy director of the General Department of Fisheries told a conference in HCM City on April 25.

Foreign firms air concerns

Speaking at a 200-strong seminar held in HCM City yesterday, Christopher C Twomey, chairman of the American Chamber of Commerce and Industry said that in 2010 exporters had their products held-up by customs procedures for almost three days, importers for almost four.

Domestic banks publish positive business results

The HCM City bourse-listed Eximbank (EIB) posted a pre-tax profit of more than VND1 trillion (US$50.7 million), up 26 per over the same period last year and over 35 per cent of its annual target of VND3 trillion ($144 million).

HCM City hosts seminar on attracting foreign investment

Over the past 20 years Ho Chi Minh City has led the country in foreign investment thanks to its policies to improve the investment environment.

SVB branch in HCM city suggests further dollar deposit rate cut

The State Bank of Vietnam’s branch in Ho Chi Minh city has suggested to cut corporate dollar deposit rate to 0% from current 1%, Nguyen Hoang Minh, deputy director of SBV’s branch told state-run newspaper Tuoi Tre.

Dollar inflows to local lenders surge on rate cap move

Dollar inflows transferred on account last week doubled from the week earlier, an unnamed director of a big commercial bank in HCM city revealed. Notably, the lender bought $15million within a week compared to $1-2million/week previously, mainly comes from the public.

City residential project wins high-rise award

In HCM City, Beau Rivage, has won the prestigious “Best High-Rise Development” award at the Asia Pacific Property Awards 2011.

Ho Chi Minh City to boost investment in Laos

The Lao PM said he welcomed the visit by the delegation from HCM City and highly appreciated the city’s effective investment in Laos. He expressed his hope that HCM City will accelerate investment in such fields as education, training, agriculture, health care, industry and culture in the near future.

Outlook bleak for future of Vietnamese badminton

Minh's most successful year was 2009, when he won the men's singles's events at the SCG Thailand Open Grand Prix and the Yonex Chinese Taipei Gold Grand Prix 2009. He also won the Viet Nam Grand Prix 2009 in HCM City that year, pushing him into the top ten realm. In 2010, Minh could not defend his title in Thailand because the tournament was cancelled and at Chinese Taipei, he failed to retain the title, knocked out in the semi-finals by Indonesia's Simon Santoso.

Vietnamese coffee’s prestige enhanced in the world

VICOFA held a meeting in HCM City on April 9 to review business activities in the 2008-2010 tenure and devise orientations for the next tenure.

National Women’s Football Championship 2011 opens

The tournament drew the participation of six teams including Phong Phu Ha Nam, Thai Nguyen Iron and Steel, Vietnam Coal and Mineral, HCM City, and Hanoi Trang An 1 and 2.

Maritime Bank to prioritise loans for core business projects

Nguyen Dinh Tung, deputy general director of Maritime Bank, told reporters in HCM City on Tuesday that the bank was restructuring its credit portfolio with more loans for SMEs operating in the manufacturing sector.

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