Resort sales follow realty resurgence

Supported by stable economic growth and the upturn of the market, Vietnam’s resort and hospitality segment is expected to see a surge in investment capital this year.

Japanese eye up local estate market

  Japanese investors are increasing their presence in Vietnam’s real estate sector by teaming up with domestic partners.

Vietnam needs US$148 billion to develop national electricity until 2030

 Vietnam will need around US$148 billion to invest in developing the national electricity grid and resources (not including electricity projects invested under the BOT model) in the 2016-2030 period. 

Vietnamese still held captive by Somali pirates for four years

 The families of three Vietnamese men are calling for help from the government to save their sons who have been held by Somali pirates for four years.

Son Doong Cave featured in bilingual photo book

VietNamNet Bridge – HCMC - based Phuong Nam Printing Co. Ltd. will release the photo book “Son Doong – A hidden paradise” in both Vietnamese and English. 

Hanoi’s "dancing" market

 VietNamNet Bridge – In the Xanh market in Kim Lien, Dong Da District, Hanoi, female traders dance while selling vegetables and meat.

Bridge collapse disrupts train services to HCMC

 All train services to and from HCMC have been disrupted since the Ghenh Bridge in the southern province of Dong Nai collapsed at noon on March 20 after it was hit by a barge transporting 800 tons of sand.

Businesses willing to stop borrowing in foreign currencies

VietNamNet Bridge - Contrary to predictions, businesses have remain unruffled though they have been told to stop borrowing money in foreign currencies in the second quarter.

Social News 20/3

 Mekong Delta: draft plans on water supply released, Hanoi adds leaders of municipal People’s Council and Committee, Canadian girl raises her voice for charity, Happiness in the air across Vietnam

Three impressive cafes in Saigon

Saigon has numerous cafes. Some have quality drinks, while others create a cozy feeling thanks to the design. You can visit the following coffee shops, which have received good reviews on Tripadvisor.

20 per cent of population needs financial support

 VietNamNet Bridge – About 20 per cent of the Vietnamese population needs financial support, said Dr Nguyen Ngoc Toan, deputy head of the Social Protection Department

BUSINESS IN BRIEF 20/1

 Thai firms keen on energy projects in central Vietnam, EVN: Thermal power plants at full tilt, SBV asked to rethink credit tightening for property sector, Banks in race to hike deposit interest rates, MOIT issues warning on virtual currencies

Thua Thien-Hue destined for int’l air balloon festival

The International Hot Air Balloon Festival 2016 will be organized in Thua Thien-Hue in May with the participation of pilots and balloonists from many countries around the world.

Parking ownership in apartments regulated

 VietNamNet Bridge – Apartment owners should soon be entitled to buy or rent parking lots in apartment buildings, according to a circular that will come into effect on April 2.

Vietnam Adventure Race to begin on April 28

 One of the toughest adventure races in the world – Tu Lan Adventure Race 2016 – will get underway on April 28 in Quang Binh Province, according to an announcement by Oxalis, the race organizer.

Four killed, 10 injured in Hanoi blast

 At least four people were killed, including a 32-year-old woman and her eight-year-old daughter, and 10 others injured after an explosion occurred on Saturday afternoon in Ha Dong District’s Van Phu Residential Area in Hanoi.

Vietnam’s exports too reliant on Samsung

VietNamNet Bridge - Vietnam’s economy has been heavily relying on Samsung, whose export turnover accounts for a large proportion of Vietnam’s total export revenue.

Hydropower plants temporarily stop generating electricity because of drought

To ensure the water supply for downstream areas, tens of hydropower plants in the central region and Central Highlands have withdrawn from the power generation market despite the good prices.

12th graders no longer aim to have university education

VietNamNet Bridge - Going to university was the top choice of the majority of students finishing high school. However, the high number of unemployed university graduates has made students and their parents rethink their decision. 

ICAEW: Vietnam to see best growth in ASEAN

  Institute of Chartered Accountants in England and Wales makes prediction for 2016 among ASEAN-6 economies.

Cultural performances in Da Nang to toast Liberation Day

VietNamNet Bridge – An open-air cultural performance will be held to celebrate the 41st anniversary of the city’s Liberation Day on March 29. 

An Giang enters thot not sugar season

VietNamNet Bridge – In the dry season which often causes trees to wither, thot not, a popular sugar palm plant in Bay Nui region in the Mekong Delta province of An Giang produces sweeter fruit and water.

Wave of thefts prompt increased police patrols

 VietNamNet Bridge – Local policemen in wards, communes and towns play an important role in preventing thefts as they can work directly with local residents and are familiar with the local situation,

Software park unveils development strategy

 VietNamNet Bridge – Quang Trung Software City in HCM City hopes to help Viet Nam’s IT outsourcing and software industries acquire a prestigious brand name in regional and global markets, its director has said.

10 top destinations in central Vietnam

 VietNamNet Bridge - Cool climate and the calm blue sea attract tourists to the following destinations.