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Image : Vietnam to adopt int'l financial reporting standards by 2025

Vietnam to adopt int'l financial reporting standards by 2025

person Orange Themes access_time Dec 26,2016

Financial statements prepared under the new standards will give investors better insight into how companies perform.

Image : Airbus ups plane deliveries in 2016 but new orders drop

Airbus ups plane deliveries in 2016 but new orders drop

person Orange Themes access_time Jan 11,2017

Yahoo News PARIS (AP) — Airbus delivered a record number of planes last year despite engine and cabin production problems, even as new orders slumped for both the European manufacturer and its U.S. rival Boeing.

Image : Mekong Capital plans four deals by mid-2017

Mekong Capital plans four deals by mid-2017

person Orange Themes access_time Mar 07,2017

Vietnamnet - Mekong Capital plans to invest in four new companies in the first half of 2017, with each investment valuing at US$8-15 million, the firm has announced.

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Hanoi plans to build more luxury hotels

access_time Sep 19,2016 chat_bubble_outline 109 views
Hanoi will develop luxury hotels in the capital city’s prime locations in the next five years, as part of its efforts to promote tourism.

Hanoi plans to build more luxury hotels

A luxury hotel will be built on Le Thai To Street in Hoan Kiem District 

According to the municipal People’s Committee, some 20,000 rooms are to be built in the city’s downtown areas.

“Hanoi encourages investors to develop luxury hotels, as there is a shortage of hotel rooms. Developing luxury hotels is necessary to develop tourism into a spearhead industry of the capital city,” Chairman of the Hanoi People’s Committee Nguyen Duc Chung said.

Pham Thanh Tung, office manager of the Vietnam Architecture Association, said it was essential to develop luxury hotels to boost tourism, however, adding that the city should not move ahead too quickly.

The city needs to first gather information about privately-owned mini hotel rooms as a basis for decisions about constructing luxury hotels, Tung said.

“This is important to prevent a shortage in several places, and an excess in others,” he said.

He noted that developing luxury hotels must include special attention to the development of the city’s infrastructure, as well as transportation.

Prime locations to develop luxury hotels in downtown Hoan Kiem District include No 22-32 Ly Thai To St, 22-24 Hang Bai St and 39 Hai Ba Trung St. Further, the hotel at No 1 Ba Trieu Street and Hoa Binh Hotel on Ly Thuong Kiet St would also be upgraded.

Other hotels to be developed are in Dong Da, Nam Tu Liem, Ba Dinh and Dong Anh districts.

According to Le Vinh, Director of the Municipal Department of Planning and Architecture, several projects in the downtown area have been converted from high-end office and apartment buildings into luxury hotels.

Further, the commercial real estate services firm CBRE said the hospitality market in Vietnam was expected to see robust growth, driven by the country’s large tourism potential, as well as policies to improve tourism services.

Vietnam was voted one of the 20 best countries to visit in the world by the US Condé Nast Traveler magazine, based upon criteria such as food, beauty sports and traveling costs.

In the first eight months of this year, international arrivals to Vietnam reached 6.5 million, rising 25 per cent over the same period last year.


Vietnam promotes trade to Middle East, Africa

Participants said locally made products are less competitive in both quality and price than commodities made in China, Thailand, Indonesia or Malaysia. Deputy Head of the Trade Promotion Agency under the Ministry of Industry and Trade (MoIT) Ta Hoang Linh said Vietnam and Middle East and African countries can boast early co-operative ties, and they attach much importance to cementing and enhancing the friendships. So far, Vietnam has established relations with 70 countries in the Middle East… chat_bubble_outline Read More...

New e-gaming rules alter the betting scene

Electronic gaming services in Vietnam, which are accessible to foreigners only, will have to meet more stringent business requirements under a new decree coming into force on February 15. Under Decree No.175/2016/ND-CP, issued on December 30, 2016, amendments were made to some clauses of the previous law-Decree No.86/2016/ND-CP on businesses in prize-winning electronic games for foreigners. With the new legislation, electronic gaming machines (EGM) now have to be 100% new, with technical… chat_bubble_outline Read More...

Narendra Modi is Killing India's Big Rupee Banknotes

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Trump faces mounting calls to produce evidence of wiretapping claim

A week after President Trump unleashed illegal wiretapping allegations against former President Barack Obama, he has yet to provide evidence for his claims or withdraw them, leaving puzzled legislators and intelligence officials to piece together the scenario.Uncertainty surrounding the remarks has brought continued criticism from both the left and right, as many note the weight such allegations can have on American’s trust in their government.“The president has one of two choices, either… chat_bubble_outline Read More...

VN price management targets 4% inflation

The Department of Price Management will seek to improve market analysis and forecast in oder to implement appropriate policies and control inflation at 4 per cent, as set by the National Assembly for 2017, Deputy Minister of Finance Tran Van Hieu said. At a conference on Thursday, Hieu asked the price watchdog to tighten price management to prevent dramatic price hikes ahead of the Tet (Lunar New Year) holiday, especially in areas recently hit by natural disasters.Although the macro-economy… chat_bubble_outline Read More...

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