Vietnam Economy Forum

[Sasquatch]

Keep the thread about Vietnam Economy not side conversations.

 

[Viet]

ok, we return to economy...lol

Ground breaks at new $4.76ml titanium plant
Binh Thuan’s Thang Hai II Industrial Zone, expected to produce 180,000 tonnes of titanium slag and 50,000 tonnes of pigment per year. Its exports would be primarily to China, Japan and Korea.

PetroVietnam enters Global 500
The Viet Nam Oil and Gas Group (PetroVietnam) with renenue of US$36.33 billion has become the first Vietnamese corporation to enter the Fortune Global 500 list.

Vietnam wins $3.75 billion int'l court case
(VOV) - Vietnam has won a high profile lawsuit in which South Fork Ltd Company of the US sued the Binh Thuan provincial People’s Committee for an indemnity of US$3.75 billion for costs and expenses it spent on its project.

 

[Viet]

Travel agents in VN suffer loss due to Thai political chaos | Latest information on holiday destinations, airlines, holiday ideas
Many travel agents in Vietnam have to cancel tours to Thailand because of its current political chaos.

Thailand says more than 618,000 Vietnamese came to Thailand in 2012. The first five months of 2013 saw Thailand receiving 260,621 Vietnamese visitors, a rise of 10.40 per cent over the corresponding period in 2012.
Vietnam tourist arrivals to Thailand on pace for record year - The Nation

 

[Viet]

new 64km long, 4-lane US$470ml Hanoi-Thai Nguyen Highway 3 opens to traffic

Construction starts on StarLake
South Korea’s Tay Ho Tay Development, the developer of Hanoi’s $2.5 billion urban development project StarLake, will begin construction later this month, according to Vietnam Investment Review.

to be completed in 2016, housing 25,000 residents. The project will include a promenade, parks, trees and lakes alongside the more traditional urban structures, as well as 25 hectares of open space devoted to public activities and a headquarters building.

 

[Viet]

coming soon: the biggest-ever $2.5bn stock debut, BIDV, Vietnam's second-biggest bank by assets

Vietnam latest news - Thanh Nien Daily |
Vietnam No.2 bank BIDV gets approval for $2.5 bln listing

 

[Viet]

Vietnam Airlines is expected to make IPO this year, too.

Vietnam's Stock Surge Encourages IPOs - WSJ.com

 

[Viet]

VietJetAir to finalise $6.1 bln Airbus order

10 hours ago

An aircraf of the local budget airliner VietJetAir, seen at Tan San Nhat airport in Ho Chi Minh city, on April 5, 2012 (AFP Photo/-)

Hanoi (AFP) - Communist Vietnam's first private airline, VietJetAir, said Wednesday that it was close to finalising a $6.1 billion order for 62 Airbus aircraft.

The deal is expected to be signed at the Singapore Airshow next month, VietJetAir's managing director Luu Duc Khanh told AFP.

 

[NiceGuy]

GDP bình quân đầu người vùng kinh tế trọng điểm Bắc Bộ đạt 5.500 USD vào năm 2020
11:50 | 29/01/2014
Đó là con số được đưa ra tại Quy hoạch tổng thể phát triển kinh tế - xã hội vùng kinh tế trọng điểm Bắc Bộ đến năm 2020, định hướng đến năm 2030 Thủ tướng Chính phủ vừa phê duyệt.
GDP bình quân đầu người vùng kinh tế trọng điểm Bắc Bộ đạt 5.500 USD vào năm 2020 | Xã hội | Báo điện tử Đại biểu nhân dân

Translate

GDP per capita of the Red River delta economic will reach $ 5,500 in 2020

11:50 | 01/29/2014
That is the figure given in the master plan of economic development - socio economic areas in the northern key 2020, driven by 2030 the Prime Minister has approved.
......................

We will soon get rid of 3rd nation in 2020

 

[Viet]

3 news from the Real Estate market

Remittances revive real estate
Updated: Monday, Jan 27, 12:50 PM

HCM CITY (Biz Hub)— Property developers are eyeing the remittances overseas Vietnamese traditionally send before Tet (the Lunar New Year).

Banks and remittance companies have launched promotion campaigns targeted at the increasing remittances.

"Many people, especially those who have yet to buy a house, would like to buy by the end of the year so that they can enjoy Tet in their own house," Hoang Anh Tuan, director of real estate company Tac Dat Tac Vang, said.

According to the Phu My Hung Development Co Ltd, when it announced the first phase of sales of the Nam Vien Villas project on 19 January, 44 of the 48 villas were snapped up immediately, mostly by families of overseas Vietnamese. Some customers even bought two of three.

Similarly, 29 villas in the Him Lam Riverside project in District 7 were bought on 26 November, the opening day of sales.

The Ha Noi property market too is showing signs of stirring.

A report from the Ministry of Construction said the G5 trading floor has seen many successful trades of houses in property projects.

A representative of the trading floor said in the first two weeks of December 70 apartments were sold at the Thang Long Number One project for VND27.9 million per square metre and 170 at the Golden West Residence for VND22-24 million.

According to property services provider CBRE Viet Nam, the remittances sent by overseas Vietnamese at the end of the lunar year have helped revive the property market, especially projects expected to be completed soon.

Analysts expect the market to "warm up" later in 2014. — VNS



Nam Vien villas nearly sell out on first day
13:03 | 27/01/2014 VIR

44 of the 48 villas in the Nam Vien Villa project Phu My Hung Co. put on sale January 19 were booked on the same day.

Nam Vien, located at the centre of the Phu My Hung township in Ho Chi Minh City’s district 7, will include 96 villas in all. The company said some customers even bought two villas so their big families could live in the same neighbourhood.

Nam Vien is located near the township’s commercial and financial district, Crescent Area, Crescent Mall, and medical centre. It is also situated in the most green, natural area.


Mid-price apartments overthrow low-price
14:58 | 15/01/2014 VIR

Apartments for sale in Hanoi for the last quarter of 2013 saw the consistently high sales of low priced products ($1,000 per square metre or less) overtaken by those of mid-priced products ($1,000-$1,500 per square metre).

Mulberry Lane project in Ha Dong

According to CBRE Vietnam, for the first time in two years low-priced products lost the dominant share.

Figures from the consultancy showed that more than 10 projects at the mid-price level saw increasing liquidity including Golden Westlake, Mandarin Garden, and NO4.

Richard Leech, executive director of CBRE Vietnam, said that this new trend may be considered developers’ response to market’s changing appetite to mid-priced products. “Unlike previous quarters in which transactions mostly occurred in the low price range, the last quarter of 2013 saw more transactions in the mid-price level. This is most likely driven by buyers’ increasing confidence, which also led to a 50 per cent quarter-on-quarter increase in total transaction volume,” Leech said.

Richard Leech, executive director of CBRE Vietnam said the changed trend may be a positive sign that developers anticipated the rise in demand for mid-price products. “The mid-price level made considerable gains in the last quarter against the rest of the year with many more transactions. This is likely being driven by increasing consumer confidence which pushed a 50 per cent transaction volume increase,” Leech explained.

However, also in the final quarter of 2013, Hanoi’s condominium market was cautious with only 1,400 units sold, a 30 per cent fall on-quarter.

Re-launches were much more active though, as developers focused on clearing old stock rather than releasing new products.

Following a record third quarter, the fourth saw the nearly as strong completion of 7,500 total units.

Hoa Binh Green City just put 300 apartments on sale with prices starting at VND20.5 million ($976) per square metre, excluding interiors, and VND26-29 million ($1,238 to $1,380) per square metre inclusive of interiors.

CapitaLand is also selling apartments in its Mulberry Lane project in Ha Dong district at prices of VND25 to 27 million ($1,190 to $1,285) per square metre. Another project in Cau Giay is offering units for just a fraction more.

 

[Rechoice]

 

[Viet]

nice, 21% more tourists in January. If the trend continues, we will see 10m this year, from 7.6m last year.
perhaps more if tourists choose Vietnam as alternative to politically chaotic Thailand, which received 23m last year.

Imagine, if 10m abandon Thailand and favor Vietnam, then we will see 20m this year!
The Thai should continue the fighting game.

Arrivals from Russia, Hong Kong up nearly 90% in Jan | Tuổi Trẻ news

 

[NiceGuy]

Tata Steel Exits From $5-Bn Vietnam Project
The steel project had been lauded as one of its biggest greenfield ventures outside India

After five years of waiting, Tata Steel has completely exited from its $5-billion steel project in Vietnam because of the delay in approvals and challenging business environment there. “The company had communicated it to the Vietnam government last year and the chapter has been closed recently,” said an executive close to the development.

In the last Annual General Meeting of Tata Steel last year, Cyrus Mistry, chairman of Tata group had hinted about the exit, while answering to shareholders’ questions. “There was no hope on the project in the recent years and everything culminated as expected,” said the executive.

The 4.5 million tonne a year steel mill project had been lauded as one of the biggest greenfield ventures by the company outside India. It was to come up in 725 hectares at the Vung Anh Economic Park in the central province of Ha Tinh. The Indian steel maker had a 65 per cent stake in the venture, while Vietnam’s Steel Corporation and Vietnam Cement Industries Corporation held 30 per cent and 5 per cent, respectively. Under the terms, the steel venture was supposed to get a 30 per cent stake in the Thach Khe iron ore mines. The original plan was to build the first phase by 2012; the second by 2013-2014 and the third by 2017-2018.

A memorandum of understanding for the project was signed in May 2007 and the joint venture (JV) agreement has signed in August 2008. Later, the land marked for Tata Steel’s project had been allotted to a Taiwanese company. Different issues cropped up in the middle and the company had finally sought the help of the India government for talking to the Vietnam government. But the China’s influence on their government had pulled down the project, says an industry expert.
Stoxplus.com -Tata Steel Exits From $5-Bn Vietnam Project

Sorry Indian bro, bcz our Administrative procedure is too bad, so u have to cancel ur plan

 

[Viet]

I read we are the 5th largest ship builder in the world. We can build different sizes of container ships, tankers, cargo ships, and floating oil storage units with capacity of 100,000 tons.

shipbuilding vietnam exhibition and expo, shipbuilding haiphong, maritime vietnam exhibition and expo, maritime haiphong, marine vietnam exhibition and expo, maritime vietnam, offshore haiphong exhibition and expo, offshore vietnam exhibition and expo, oil and gas vietnam exhibition and expo - INDUSTRY-FACTS

New project | VIETNAM SHIPBUILDING NEWS

 

[Viet]

McDonald’s enters Vietnam: Let the burger war begin

First MacDonald’s restaurant opens in HCM City | VOV Online Newspaper

 

[MarveL]

McDonald’s enters Vietnam: Let the burger war begin

After all these years. what was the problem for franchise like mcdonald to enter vietnam market? is it the regulation in vietnam or something else?