The Business Times: Real-estate giant Vingroup enters retail sector, redraws market map

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• Real-estate giant Vingroup enters retail sector, redraws market map
• Boeing lags behind its rival in Vietnam
• Vingroup to build tallest building in Viet Nam
• Work begins on made-in-VN offshore rig
• Ministry of Transport to sell several highways
• Da Nang asks for incentives for major investors in IT park
• More Japanese investing in Vietnam’s property market
• Jan-Oct FDI falls despite big Samsung projects
• Stocks nosedive on bank scandal
• Itochu purchases Vinatex shares

Real-estate giant Vingroup enters retail sector, redraws market map Posted: 28 Oct 2014 06:31 PM PDT Vingroup's leap into the retail market is expected to give Vietnamese retailers better opportunities in the domestic market, which is dominated by foreign players. An analyst said that Vingroup, together with Saigon Co-op, a popular store, specially with southerners, would help redraw the map of the retail market and protect domestic retailers' market share. High […] The post Real-estate giant Vingroup enters retail sector, redraws market map appeared first on Vietnam Business News.

Boeing lags behind its rival in Vietnam Posted: 28 Oct 2014 06:29 PM PDT While its rival from Europe, Airbus, has obtained large orders from Vietnamese air carriers, Boeing's market share in Vietnam remains modest. Vice President of Boeing International, Ralph L. “Skip” Boyce, admitted during his working visit to Vietnam last week that Boeing had found it difficult to expand its market share in Vietnam. The US aircraft […] The post Boeing lags behind its rival in Vietnam appeared first on Vietnam Business News.

Vingroup to build tallest building in Viet Nam Posted: 28 Oct 2014 06:28 PM PDT Vingroup is planning to construct the tallest building in Viet Nam that will serve as a landmark along Sai Gon River in HCM City, a company representative revealed in October. The 81-storey building will serve as a high-end shopping complex with offices and apartments. It will form part of Vinhomes Central Park, a 43ha project […] The post Vingroup to build tallest building in Viet Nam appeared first on Vietnam Business News.

Work begins on made-in-VN offshore rig Posted: 28 Oct 2014 06:26 PM PDT A ceremony to launch the construction of the Tam Dao 05 offshore oilrig, the second locally-manufactured jack-up rig, was held in the southern province of Ba Ria- Vung Tau yesterday, Oct 26. Invested by the Viet Nam-Russia Oil and Gas Joint Venture (Vietsovpetro), the oilrig is expected to be completed within 32 months at a […] The post Work begins on made-in-VN offshore rig appeared first on Vietnam Business News.

Ministry of Transport to sell several highways Posted: 28 Oct 2014 06:25 PM PDT The Vietnam Expressway Corporation (VEC) is seeking partners to sell a number of expressways such as Cau Gie – Ninh Binh and Ho Chi Minh City – Long Thanh. In a recent meeting with VEC, Minister of Transport Dinh La Thang said the investor of the Hanoi – Hai Phong highway (VIDIFI) is preparing to […] The post Ministry of Transport to sell several highways appeared first on Vietnam Business News.

Da Nang asks for incentives for major investors in IT park Posted: 28 Oct 2014 06:24 PM PDT The central city of Da Nang has asked for the government's permission to offer incentives to foreign-invested projects with capital of over $200 million in its IT park. According to the city Department of Planning & Investment, in the past 10 months, the city attracted nearly $153 million of foreign investment capital, down by 47% […] The post Da Nang asks for incentives for major investors in IT park appeared first on Vietnam Business News.

More Japanese investing in Vietnam’s property market Posted: 28 Oct 2014 06:23 PM PDT Singaporean, South Korean and Taiwanese investors have been the traditional investors in the property sector, but more Japanese companies have been pouring money into projects recently. In early October, a shareholders' meeting in Nam Bay Bay approved regulations to fulfill the commitments it made with the Japanese partner, Creed Group. Prior to that, Nam Bay […] The post More Japanese investing in Vietnam's property market appeared first on Vietnam Business News.

Jan-Oct FDI falls despite big Samsung projects Posted: 28 Oct 2014 06:22 PM PDT Multi-billion-dollar pledges by South Korea's Samsung could not help reverse a slide in fresh foreign direct investment (FDI) approvals in Vietnam in January-October. A report by the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment says Samsung Asia Pte Ltd has gained approval to invest US$1.4 billion in a Samsung CE Complex […] The post Jan-Oct FDI falls despite big Samsung projects appeared first on Vietnam Business News.

Stocks nosedive on bank scandal Posted: 28 Oct 2014 06:21 PM PDT The arrest of a senior banking official late last week, the second in as many years, dragged down shares on both stock exchanges yesterday as investors tried to avert downward risks by selling more shares. On Friday, Ha Van Tham, former chairman of Ocean Group (coded OGC) and Ocean Bank was arrested for allegedly violating […] The post Stocks nosedive on bank scandal appeared first on Vietnam Business News.

Itochu purchases Vinatex shares Posted: 28 Oct 2014 06:21 PM PDT Trading firm Itochu will invest in the Viet Nam National Textile and Garment Group (Vinatex), ahead of a potential free-trade agreement that could boost Vietnamese exports, according to Nikkei Asian Review. Itochu will soon acquire about five per cent of Vinatex’s stock for more than 1 billion yen ($9.25 million), making it Japan’s first leading […] The post Itochu purchases Vinatex shares appeared first on Vietnam Business News.

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