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Exorbitant retail space rent is said to be one of the reasons behind Vietnam’s freefall in the Global Retail Development Index over the last few years.
Though complaining repeatedly about the economic difficulties and input cost increases, travel firms still have reaped fruits from outbound tours.
VinaCapital, one of the biggest fund managers in Vietnam, is putting its stake in two five-star hotel projects for sale.
HCM City encountered more challenges this year than the previous year because of economic uncertainty locally and worldwide, a report from the HCM City People’s Committee stated.
The European Chamber of Commerce (EuroCham) in Vietnam last week launched its eagerly awaited White Book 2013, a high-profile report highlighting issues of great concern for European companies in Vietnam.
Making more car parts domestically to replace imports is the solution for automobile manufacturers to increase their competitiveness in the context of the low market demand.
Industrial hazardous waste discharged in Binh Duong province has been carried to the neighboring province of Dong Nai, where they are thrown to the fallow.
To further expand business operations in the global market, Japan’s Fuji Xerox Co., Ltd. has established a new manufacturing company—Fuji Xerox Haiphong Co., Ltd.— in the Vietnam Singapore Industrial Park in northern Haiphong port city.
Starbucks Coffee, the well-known coffee brand, will surely be present in the Vietnamese market. The first shop of the chain will be in HCM City, not far away from the New World Hotel in the central district No 1.
SOC Vietnam, a subsidiary of Sumitomo Osaka Cement Group, last Friday opened an anode material plant for lithium-ion batteries in the northern province of Hung Yen with total investment of US$62.5 million.
Formosa Plastics Group last week started building the first blast furnace for its $10 billion steel and seaport complex in central Vietnam, dispelling doubts about its commitment.
