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‘Red means go?’ How Vietnam’s crazy traffic never stops shocking foreigners
By Duc Huy
December 28, 2016 | 11:24 am GMT+7
Our team hit the street and asked visitors to describe what they felt when moving around Ho Chi Minh City.
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What does ‘airport overloading’ mean for the economy?
Everyone complains that airports are getting overloaded, but economists and businesspeople say this is a good sign that the national economy is robust. According to Savills, the number of foreign travelers to Vietnam increased by three times in the last decade and witnessed 26 percent growth rate in 2016 compared with the year before. Meanwhile, airport infrastructure development cannot catch up with the rapid development of the tourism industry. In 2016, about 8.2 million foreign tourists… chat_bubble_outline Read More...
What will Sabeco share prices be?
After news about Sabeco’s listing was released, its share prices soared by twofold to VND130,000 on the OTC market. Two years ago, a bank in HCM City could not find buyers of its stake in Sabeco that the bank had held when it offered the price of VND75,000 per share. A representative of an institution which negotiated the deal with the bank did not accept the price, saying that injecting money into Sabeco was risky, because it was unclear when Sabeco would list shares on the bourse. It also… chat_bubble_outline Read More...
Foreign insurance firms told to show a premium of $2 bln for a bite at Vietnam's market
Vietnam issues new legal regulation stipulating requirements for foreign insurance firms. Vietnam’s government has recently issued a new decree stating that foreign insurance organizations must have at least $2 billion in assets to operate in the country. The decree became effective on July 1, regulating conditions for insurance, reinsurance and insurance brokerage services in Vietnam, according to the government's online portal. These firms must have a business license approved by the… chat_bubble_outline Read More...
National flag carrier wins best airlines awards
The national flag carrier Vietnam Airlines has been granted with the Best Airlines of The Year award at the ongoing International Travel Expo in Ho Chi Minh City. The award honours the carrier’s outstanding contributions to tourism development in the Mekong Sub-region. The award’s judge gathers representatives from authorities, travel agencies and tourism federations of Cambodia, Laos, Myanmar, Thailand and Vietnam. Vietnam Airlines and the low-cost carrier… chat_bubble_outline Read More...
Dustin Johnson, Hideki Matsuyama tied for lead in Bahamas
NASSAU, Bahamas (AP) — Dustin Johnson wasn't even expecting to be in the Bahamas for the Hero World Challenge. He was tied for the lead Friday with Hideki Matsuyama, who has reason to expect being at the top of any tournament he plays.Six shots behind was Tiger Woods, who shot a 7-under 65 without anyone in his way.Johnson ran off three straight birdies early in his round, moved into contention with an eagle and closed with a fearless drive down the middle of the water-lined 18th fairway at… chat_bubble_outline Read More...