HCMC Infrastructure Co. says first-half profit to rise 51 pct

Ho Chi Minh City Infrastructure Investment Joint-Stock Co. said it expects first half after-tax profit to reach VND86.7 billion (US$4.9 million), up from VND57.5 billion a year earlier.

Vietcombank plans rights issue for small shareholders only

Vietcombank is seeking the central bank’s permission to make a rights issue for the benefit of the small shareholders who have seen their investment shrivel since the heady days of the bank’s IPO in 2007.

Construction industry has bottomed: insiders

Workers at a construction site in Ho Chi Minh City. Construction firms said they are optimistic about the industry’s prospects this year.    

The construction industry had a very tough time last year but insiders say the decline in building activity may be over.

City investors shift focus to other provinces

Many property investors from HCM City are seeking opportunities in neighbouring provinces like Binh Duong and Dong Nai, where land prices are only 20 to 30 per cent of those in HCM City.

Mystical caves add to lure of eco-tourism complex

After weeks of hard work, we drive to the Trang An Grottoes Eco-tourism Complex, which is about two hours from Ha Noi, for a relaxing weekend.

Arnett recalls reporting from famous HCM City hotel

Renown journalist Peter Arnett speaks at a press conference at the Caravelle Hotel in HCM City yesterday

Vietnam-Japan supporting industrial zone kicked off

Israel’s airline opens general sales agent in Vietnam

Base interest rate in VND put at 7% per year from May 1

Vietnam attracted more than US$6.35 billion of FDI in four months