HSBC, Barclays to advise Vietinbank’s planned overseas dollar bond sale

“VietinBank has made a good choice of advisers,” said Alan Pham, chief economist at VinaCapital Investment Management Ltd. HSBC has a depth of expertise and wide distribution network globally that will help get the Hanoi-based bank a “good rate,” he said.

14 European countries invest in Hanoi

According to the Hanoi People’s Committee, the city is calling on businesses to invest in high-quality services, financial centres, banking, trade, the electronic industry and information technology.

Gold soars by VND1million a tael in Vietnam

Saigon Jewellery Company, the biggest gold shop in Vietnam, bought gold at VND47.800 million and sold at VND48.100 million at 9:17 am local time in Ho Chi Minh City on September 2. Hanoi-based Bao Tin Minh Chau Jewellery Company purchased SJC-branded gold at VND47.7 million and sold at VND48.45 million at the same time.

Hanoi hosts national swimming championships

The tournament is a good chance for the athletes to prepare for the up coming 26th SEA Games in Indonesia this November.

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.

Realty unsalable, trading floors shutting down in masses

The real estate has been decreasing sharply in all areas of Hanoi. Nam An Khanh, Trung Van or Van Canh areas have seen the prices down by 20-25 percent. As a result, the busy real estate trading floors, which had been prosperous for the last many years, have to shut down and lay off workers.

Vietnam borrows $75m from ADB to upgrade traffic system

Previously, under the authorization of the Prime Minister, on February 23, 2011 in Hanoi, the State Bank of Vietnam (SBV)’s governor, Nguyen Van Giau, signed the loan agreement on the aforementioned project with representatives of Asian Development Bank (ADB) in Vietnam.

Hanoi approves land right auction for 62 new projects

Yesterday the municipal People’s Committee approved its land right auction plan for 2011 which will serve as a major source of income for developing new projects throughout the city, said Ha Noi People’s Committee Vice Chairman, Vu Hong Khanh.

ADB: $190 mln loans to form science, technology univ. in Hanoi

Along with funding physical facilities to accommodate an initial 5,000 students, the project will develop modern governance and management systems and capacity-build senior staff, according to ADB. The project will also establish centers to promote high quality, relevant academic programs, research, and links to industry groups in the private sector, ADB added.

Hanoi-hosted ADB meeting focuses on inflation

Nguyen Van Giau, Governor of the State Bank of Vietnam, said at a press briefing prior to the meeting, the first ever hosted by Hanoi during its 45-year long membership, that so far this year Vietnam has devalued its currency to reduce demand in order to curb increasing inflationary trends.

Phong Phu and Song Da groups apply for upgrading National Highway No 6

The National Highway No 6, from Ba La to Xuan Mai, has total length of 25 kilometres, connecting Hanoi with northwest provinces. It was estimated that the total investment cost for this project may reach 1.764 trillion dong.

Kyocera plans electronic parts factory in Vietnam

Kyocera Corp. President Tetsuo Kuba was quoted as saying at a news conference in Osaka on April 27 that the company will start the construction by the end of this year as it looks to commence the plant’s operations in late 2012. The plant is designed to cover about 400,000 sq. m in Hanoi’s suburb area, to be on a par with Kyocera's largest overseas factory in China.

Companies caught sending spam SMS

According to the investigators from the Ministry of Information and Communications, the Vietnam Computer Emergency Response Team (VNCERT) and the Hanoi police, EMOBI uses Nokia 3110C cellular phones and a software called SMS Caster to deliver ads about their gambling and fortune-telling services to thousands of mobile phone users.

Hanoi to spend $13bln on transportation

Hanoi will complete the construction of the two belt roads no. 2 and 3, build a fourth one, upgrade its railway system, and expand existing highways including particular sections of National Highway 1A and 6.

‘$13bln for Hanoi’s urban traffic development too big’: experts

Currently, the country is investing about only 3.5 percent of GDP in traffic infrastructure each year. Normally, in the other countries in the world, even during the hot development stage, the total investment for traffic system accounted for only 7-8 percent or highest at 10 percent of GDP. Therefore, Hanoi’s spending on traffic system accounts for over 20 percent of GDP, two-fold higher than that of other countries and six times higher than that of the whole country will be a record figure.

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