The Business Times: Vietnam seeks foreign capital for Dau Giay – Phan Thiet highway

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• Vietnam seeks foreign capital for Dau Giay – Phan Thiet highway
• Dollar appreciation makes businesses worried stiff
• WB forecasts 5.3% growth for Vietnam
• Domestic gold prices slump further
• Ha Nam strives to attract FDI
• Japanese investors find ASEAN attractive
• RoK businesses seek opportunities in central province
• City wholesale, retail buildings on rise
• Low occupancy rates drive away hotel investment
• Real estate M&A bustling

Vietnam seeks foreign capital for Dau Giay – Phan Thiet highway Posted: 12 Jul 2013 11:26 PM PDT This is the first time a transport project of Vietnam is to be promoted overseas. To seek $1 billion to build the Dau Giay – Phan Thiet highway, the Ministry of Transportation and the World Bank will jointly promote the project in a number of Asian countries. It is expected that international competitive bidding will [...] The post Vietnam seeks foreign capital for Dau Giay – Phan Thiet highway appeared first on Vietnam Business News.

Dollar appreciation makes businesses worried stiff Posted: 12 Jul 2013 11:24 PM PDT  The dollar price increases have put businesses on tenterhooks, though it is now just the third quarter of the year, while they would only need more dollars in the fourth quarter to make payment for the imports. The demand for dollars loans soared by 2.5 times in the last week of June. The dollar supply [...] The post Dollar appreciation makes businesses worried stiff appeared first on Vietnam Business News.

WB forecasts 5.3% growth for Vietnam Posted: 12 Jul 2013 11:24 PM PDT Weighing domestic and global trends, the World Bank has predicted that Vietnam's economy is likely to grow at a moderate rate of around 5.3% in 2013 and edge up 5.4% in 2014. In its economic outlook update released on July 12, the bank said Vietnam's macroeconomic conditions continue to improve as its economy enters the [...] The post WB forecasts 5.3% growth for Vietnam appeared first on Vietnam Business News.

Domestic gold prices slump further Posted: 12 Jul 2013 11:21 PM PDT Domestic gold has dropped by VND50,000 per tael, but it is still higher than elsewhere in the world. At 8.30 am on July 12, SJC gold was bought at VND37.05 million and sold at VND37.65 million per tael in HCM City. Meanwhile, the price of SJC gold listed by DOJI Company was around VND37.12-37.64 million [...] The post Domestic gold prices slump further appeared first on Vietnam Business News.

Ha Nam strives to attract FDI Posted: 12 Jul 2013 11:19 PM PDT HA NAM (VNS)— The northern province of Ha Nam was targeting to attract 15-20 new foreign-invested projects with a total registered capital of US$120 million by the year-end, according to the provincial Department of Planning and Investment. In the first half of this year, the province welcomed 11 foreign-invested projects, capitalised at $78.4 million. During [...] The post Ha Nam strives to attract FDI appeared first on Vietnam Business News.

Japanese investors find ASEAN attractive Posted: 12 Jul 2013 11:18 PM PDT HA NOI (VNS)— Members of the Association of Southeast Asian Nations (ASEAN) have succeeded in luring Japanese businesses over the last two years by improving their investment environments. The statement was made by Motonobu Sato, chairman of the Federation of Japanese Chambers of Commerce and Industry in ASEAN. Speaking at the 6th dialogue between the [...] The post Japanese investors find ASEAN attractive appeared first on Vietnam Business News.

RoK businesses seek opportunities in central province Posted: 12 Jul 2013 11:16 PM PDT The Republic of Korean businesses have invested nearly US$61 million in 12 valid projects in Nghe An province, employing more than 10,000 local workers. The figures were released at a July 12 meeting in Hanoi, summarising the provincial investment environment and encouraging even more Korean investors to Nghe An. Nghe An enjoys advantages that range [...] The post RoK businesses seek opportunities in central province appeared first on Vietnam Business News.

City wholesale, retail buildings on rise Posted: 12 Jul 2013 07:58 PM PDT HCM City’s retail networks, especially modern facilities like shopping malls and supermarkets, have developed rapidly in recent years, according to the local Department of Industry and Trade. In the first half of this year the department issued licences for six supermarkets and one mall. Together with the Department of Finance, it also offered on lease [...] The post City wholesale, retail buildings on rise appeared first on Vietnam Business News.

Low occupancy rates drive away hotel investment Posted: 12 Jul 2013 07:58 PM PDT Many hotels in Vietnam have been put up for sale, one of the signs that there are fewer investors interested in this sector in Vietnam. Among those on or going on the market in Vietnam is the Metropole Hanoi. VinaCapital Vietnam has hired Jones Lang LaSalle Company to sell 50% of their stake in the [...] The post Low occupancy rates drive away hotel investment appeared first on Vietnam Business News.

Real estate M&A bustling Posted: 12 Jul 2013 07:56 PM PDT The real estate market has seen merger and acquisition (M&A) activity active over the past six months with some large projects changing hands while the market has turned more transparent. One of most notable transactions is the transfer of Vincom Center A in downtown HCMC. Vingroup Company, owner of the commercial center-hotel complex, has sold [...] The post Real estate M&A bustling appeared first on Vietnam Business News.

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