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The world leading fast-food group McDonald’s has announced to select Mr. Nguyen Bao Hoang, the founder of Good Day Hospitality and the CEO of IDG Ventures as the franchise partner in Vietnam.
With the gross domestic product (GDP) estimated from purchasing power parity (PPP) calculations equivalent to $322 billion, Vietnam’s economy ranks 6th in Southeast Asia, after Indonesia, Thailand, Malaysia, the Philippines and Singapore.
More than 300 organizations from 50 countries and cities will participate in an International Travel Expo (ITE) in HCM City from September 12 to 14.
A conference to promote investment from the Republic of Korea (RoK) to the central province of Nghe An was organized in Hanoi on July 12.
Thai businessmen have been taking martial steps towards the Vietnamese market, having a presence in many business fields of the national economy, from hotels to tile, plastics manufacturing and retail chains.
The Government Office of Vietnam has just announced the addition of Trang Due Industrial Park into Dinh Vu – Cai Hai Economic Zone in northern Haiphong port city, allowing investors in the park to enjoy more preferential incentives.
Vietnam is one of the countries which can enjoy the new EU’s GSP (generalized system of preferences) to be applied as of January 1, 2014. However, analysts say Vietnam may not take full advantage of the preferential tariff to boost exports to the large market.
Nghe An province now has 11 valid South Korea-invested projects with a total registered capital of US$60.97 million, which are employing more than 10,000 local workers. South Korean companies expand their investment in Nghe An because they see current potential as well as future value.
Viet Nam’s Archetype Group has won the project management contract for Diamond Inya Palace, a building set to be the tallest one in Myanmar.
The Prime Ministers of Viet Nam and Laos cut the ribbon to inaugurate the first phase of a fresh milk processing plant, one of the largest in Southeast Asia, in central Nghe An province on July 9, 2013.
Vietnam Electricity Group (EVN) will purchase electricity from biomass power projects at the price of VND1,170 per kWh or 5.6 U.S. cents exclusive of VAT and is adjusted based on foreign exchange rate.
Petroleum, steel and iron account for the biggest portions of Vietnamese exports to Laos, Vietnamplus has reported.
