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Update news investors

Investors asked to stop building factories near Ha Long Bay

 VietNamNet Bridge – A leader of northern Quang Ninh province has asked ministries and central agencies to halt the construction of new thermoelectric and cement plants near the province’s urban and populous areas,

Ten investors propose biomass power projects

 VietNamNet Bridge – Ten investors are seeking approval for biomass power projects with an average capacity of 10 MW each, according to the Vietnam Institute of Energy under the Ministry of Industry and Trade.

Kindergartens in city to admit babies from six months old

 VietNamNet Bridge – From this new school year, State-owned kindergartens in eight districts of HCMC will join a pilot program to admit babies from six months old rather than from 13-months as previously,

Economic recovery forecast to boost stock market

VietNamNet Bridge – Viet Nam's stock market will consolidate in a gradual uptrend during the rest of the year, fuelled by expectations over stable macroeconomic recovery, according to Vietcombank Securities.

Resort development time-consuming in Vietnam

 VietNamNet Bridge – A vice chairman of the Vietnam Tourism Property Association said it is time-consuming for investors to complete all the approval procedures and development of luxury resorts in Vietnam.

Vietnamese start-ups find it difficult to attract investors

 VietNamNet Bridge – While foreign investment funds complain it is difficult to find suitable start-ups to invest in, Vietnamese businesses say it is very difficult to convince investors because they are too demanding.

Hotels and high-rises along investors’ ‘dream road’ never got off the ground

 VietNamNet Bridge – The coastal road that links the sea city of Da Nang and the historic town of Hoi An was once called the “multi-billion dollar road” because of its promising value.

Renewable energy need of the hour

 VietNamNet Bridge – Viet Nam's ever increasing demand is driving the development of renewable energy to help ensure the nation's energy security, while protecting the environment.

BUSINESS IN BRIEF JULY 17

Brighter economic outlook accelerates car sales in H1; HOSE sees busy year for securities trading; Investors lack clear regulations; Forex rate tumbles after State Bank announcement; Viet Nam, Argentina sign MoU; FPT buys 123mua.vn from VNG

Important changes to procurement law

 VietNamNet Bridge – Contractors should take note of some useful additions to the Law on Public Procurement, which took effect July 1.

Hotel business attracting big-time investors

 VietNamNet Bridge – The two- to four-star hotel market segment, with an average occupancy rate of 70 percent, is being eyed by many wealthy investors.

MPI: No need for steel SEZ

 VietNamNet Bridge – The Ministry of Planning and Investment has said there is no need for a special economic zone (SEZ) for steel and iron industry as proposed by Hung Nghiep Formosa Ha Tinh Steel Company.

Vietnam looks to the sea to boost economic growth

Vietnam is considering a new strategy to develop a sea-borne economy to help foster economic growth, create more jobs, and ensure territorial security.

Vietnam’s stock exchanges included in FTSE ASEAN Index

 VietNamNet Bridge – The Hanoi and Ho Chi Minh City Stock Exchanges have been included in the FTSE ASEAN Index series, the Ho Chi Minh City Stock Exchange announced on June 3.

ACV to expand Cam Ranh Airport

 VietNamNet Bridge – Airports Corporation of Vietnam (ACV) is working on a project to expand Cam Ranh Airport in Khanh Hoa Province to enable it to handle 2.6 million passengers a year.

Investors still cautious as shares advance

 VietNamNet Bridge – Shares managed to rebound last week but investors remained cautious during all trading sessions.

Confident investors drive up indices

 VietNamNet Bridge – Shares extended gains on both the national stock exchanges yesterday (May 21), as trading intensified in the afternoon.

It’s the age of 3-star hotels

 VietNamNet Bridge – While the upscale segment of 5-star hotels is dominated by foreign investors, 3-star hotels are believed to be the “playing field” of domestic investors.

SSC rejects trading band revision rumors

VietNamNet Bridge – The State Securities Commission on May 8 affirmed that the trading bands on the two local stocks exchanges remain unchanged, denying rumors that the commission would revise the bands down to arrest further steep declines

Foreign real estate developers returning to VN, cautiously

 VietNamNet Bridge – Foreign direct investment into the real estate sector in Vietnam is expected to resume in the days to come. But investors would be well-advised to listen to the news carefully before injecting money.