The Business Times: Hanoi to have first Marriott hotel

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• Hanoi to have first Marriott hotel
• Foreign investors still keen on property market
• Banking sector audit shows mixed results
• Military Bank named Best Domestic Bank
• Sumitomo Life to boost Bao Viet’s business
• Vietnam”s first open-ended fund set for launch
• Draft law puts realty trading floors at risk
• Pay television needs stronger channels
• Government inspectorate: EVN leaders use luxury items in violation of regulations
• Experts: Vietnam economy lags and grows rudderless

Hanoi to have first Marriott hotel Posted: 18 Oct 2013 12:51 AM PDT The hotel management company Marriott International is preparing to open what will be the first hotel to be managed by Marriot in Hanoi. When in service, the five-star JW Marriott Hanoi will become the second hotel to be managed by Marriot in Vietnam after the Renaissance Riverside Hotel Saigon in downtown HCMC. Speaking to the [...] The post Hanoi to have first Marriott hotel appeared first on Vietnam Business News.

Foreign investors still keen on property market Posted: 18 Oct 2013 12:50 AM PDT Foreign investors are still sounding out prospects in Vietnam's property market even though it remains plagued by protracted woes, according to Cushman & Wakefield Vietnam. Chris Brown, general director of Cushman & Wakefield Vietnam, said at the introduction of a third-quarter report last week that while investors did not care much about the Vietnamese property [...] The post Foreign investors still keen on property market appeared first on Vietnam Business News.

Banking sector audit shows mixed results Posted: 18 Oct 2013 12:45 AM PDT The State Audit of Viet Nam (SAV) has said the State Bank of Viet Nam’s monetary policies ensured stable exchange rates and a liquid banking sector, in a report sent to the National Assembly this week. In the report, SAV concludes that the management of interest rates in 2012 was considered more flexible with many [...] The post Banking sector audit shows mixed results appeared first on Vietnam Business News.

Military Bank named Best Domestic Bank Posted: 18 Oct 2013 12:40 AM PDT Asiamoney Magazine has awarded the Military Commercial Joint Stock Bank (MB) its "Best Domestic Bank in Vietnam" title for the year 2013. According to Asiamoney, MB's 26 percent credit growth far exceeded the sector's 2012 average of 9 percent. It managed to limit its bad debt ratio to less than 2 percent and recorded a [...] The post Military Bank named Best Domestic Bank appeared first on Vietnam Business News.

Sumitomo Life to boost Bao Viet’s business Posted: 18 Oct 2013 12:39 AM PDT The Bao Viet Insurance Company and its strategic partner Sumitomo Life of Japan on Wednesday inked a plan on the first phase implementation of a technical support and capability transfer agreement. This will be based on a deal first signed late last year after fact-finding tours by both sides to study their business operation and [...] The post Sumitomo Life to boost Bao Viet’s business appeared first on Vietnam Business News.

Vietnam”s first open-ended fund set for launch Posted: 18 Oct 2013 12:31 AM PDT After years of discussion, Vietcombank Fund Management will soon become the first onshore firm to launch a balanced open-ended mutual fund. Vietcombank Fund Management, partly owned by the US's Franklin Templeton Investments, will soon launch a balanced open-ended mutual fund, the first of its kind in Vietnam. The VCBF Tactical Balanced Fund marks a significant [...] The post Vietnam”s first open-ended fund set for launch appeared first on Vietnam Business News.

Draft law puts realty trading floors at risk Posted: 18 Oct 2013 12:30 AM PDT It is probable that many property trading floors will face shutdown if the draft amendments to the Real Estate Trading Law, now being passed around for public comment, are approved It is probable that many property trading floors will face shutdown if the draft amendments to the Real Estate Trading Law, now being passed around [...] The post Draft law puts realty trading floors at risk appeared first on Vietnam Business News.

Pay television needs stronger channels Posted: 17 Oct 2013 08:56 PM PDT In the 10 years since its inception in Viet Nam, the pay TV industry has enjoyed spectacular growth, driven largely by the country’s impressive economic expansion. The Ministry of Information and Communications estimates that out of the 22 million TV subscribers at the end of 2012, about four million subscribed to pay TV. However, to [...] The post Pay television needs stronger channels appeared first on Vietnam Business News.

Government inspectorate: EVN leaders use luxury items in violation of regulations Posted: 17 Oct 2013 08:54 PM PDT The Electricity Group of Vietnam (EVN) has been found to spend over VND3 billion (USD142,857) more than the regulated amount for use to buy luxury vehicles for leaders, according to the Government Inspectorate. EVN bought two Toyota Landcruisers, totaling VND5 billion (USD238,000), while, at the same time, it was is only allowed to buy two [...] The post Government inspectorate: EVN leaders use luxury items in violation of regulations appeared first on Vietnam Business News.

Experts: Vietnam economy lags and grows rudderless Posted: 17 Oct 2013 08:52 PM PDT Vietnam's economy has remained on a growth trajectory but it has begun lagging behind other countries, according to a seminar in HCMC on Tuesday. At a seminar on Vietnam's independence in international economic integration on Tuesday, Tran Dinh Thien, director of the Vietnam Institute of Economics, said the country's World Trade Organization membership has entered [...] The post Experts: Vietnam economy lags and grows rudderless appeared first on Vietnam Business News.

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