Vietnam Business News

---

• Vietnam resort named among world’s best new hotels
• Viettel to commercialize 4G in next four years
• Vietnam at the 17th position in ranking of telecom business environment indicator
• Underground car park to cost $77 million
• Construction of southern coastal corridor begins
• Su Pan 2 hydropower plant’s operation delayed
• Cooking gas prices out of control
• First low-cost housing project to be commenced in Hung Yen
• 4.5tr dong to build Golden Land luxury apartments
• Interbank average forex rate unchanged at 20,678 dong/US dollar May 16

Vietnam resort named among world’s best new hotels Posted: 16 May 2011 12:47 AM PDT The Six Senses Con Dao in the southern province of Ba Ria-Vung Tau is among the world's 50 best new hotels in 2011, according to a list unveiled by Travel+Leisure magazine earlier this week. Travel+Leisure’s sixth annual list of the 50 best new hotels features properties from around the world, from the quiet Havana hotel [...]

Viettel to commercialize 4G in next four years Posted: 16 May 2011 12:46 AM PDT The test for 4G technology is to only confirm the network infrastructure capability and be the master of technology, Hoang Son, director of Vietnam military-run technology firm (Viettel) said. On May 12, Viettel had organized a press conference to announce its successful test for 4G technology (the fourth generation-4G) in Hanoi and HCM City, seven [...]

Vietnam at the 17th position in ranking of telecom business environment indicator Posted: 16 May 2011 12:45 AM PDT Vietnam remains at the 17th position in the ranking of telecommunications business environment indicator. This position is higher than that of Sri Lanka but lower neighbouring countries such as Thailand and Cambodia, according to the data from Market Research firm-BMI (UK) announced for Q2 this year. The Vietnam’s low telecommunications business environment index was due [...]

Underground car park to cost $77 million Posted: 16 May 2011 12:43 AM PDT The HCM City Department of Transport has said the underground car park project at the Hoa Lu Stadium will get an investment of about 1.6 trillion dong (US$77 million). The project, invested in by the Dong Duong Corporation, will cover an area of 15,400sq.m and provided parking space for 3,062 cars. The project, to be [...]

Construction of southern coastal corridor begins Posted: 16 May 2011 12:42 AM PDT PM Nguyen Tan Dung on Saturday attended a ground-breaking ceremony of Minh Luong-Thu Bay section and Rach Gia Bypass under the southern coastal corridor project in Chau Thanh District, Kien Giang Province. The project is part of the expanded Mekong Sub-region cooperation program in a bid to establish an international road system linking key economic [...]

Su Pan 2 hydropower plant’s operation delayed Posted: 16 May 2011 12:41 AM PDT Nguyen Thanh Kim, general director of Song Da-Hoang Lien Hydropower Joint Stock Co revealed that the company had to delay operation of Su Pan 2 hydropower plant sited in Ba Ho, Sa Pa Dist, Lao Cai province due to land slide on December 25, 2010. As scheduled, the hydropower plant should have been put into [...]

Cooking gas prices out of control Posted: 16 May 2011 12:41 AM PDT Many distributors in Ho Chi Minh City have been increasing the price of cooking gas without permission from their suppliers, a violation of government regulations. In the last few weeks many retailers in Phu Nhuan, Binh Thanh, and Go Vap Districts hiked the price of liquified petroleum gas (LPG) by 4,000-6,000 dong (20-30 US cents) [...]

First low-cost housing project to be commenced in Hung Yen Posted: 16 May 2011 12:39 AM PDT P.H Investment Group Investment Joint Stock Co is projecting to build 856 apartments for nearly 3,500 low-income earners in Bac Hung Yen urban area, Hung Yen province, the local newswire VnExpress reported on May 14. Total construction area is projected on 30,000 square meters including seven 9-storey blocks. In which, first 2 stories are designed [...]

4.5tr dong to build Golden Land luxury apartments Posted: 16 May 2011 12:39 AM PDT A complex of trade centre, luxury housing invested by Hung Viet Joint Stock Co (under Hoang Huy Finance In vestment Group) is commenced at No 275 Nguyen Trai St, Thanh Xuan Dist, Hanoi. The building is consisting of three basements for garage with total area of 36,000 square meters, providing parking space for 1,000 cars; [...]

Interbank average forex rate unchanged at 20,678 dong/US dollar May 16 Posted: 16 May 2011 12:36 AM PDT The State Bank of Vietnam (SBV) announced today Monday (May 16) interbank average forex rate at 20,678 dong/US dollar, remaining unchanged from the forex rate on May 14. Last week, the interbank average forex rate dropped totally 30 dong. After the depreciation on the dong by 9.3 percent on February 11, 2011, in last two [...]

You are subscribed to email updates from Vietnam Business News To stop receiving these emails, you may unsubscribe now.	Email delivery powered by Google
Google Inc., 20 West Kinzie, Chicago IL USA 60610