The divestment of three state-owned tourist companies is expected to present a vast opportunity for foreign investors. Saigontourist owns stakes in several popular four- and five-star hotels in Ho Chi Minh City Foreign investors and consultants are eagerly awaiting the chance to invest in these businesses when their initial public offerings (IPOs) are launched in the near future. Kenneth M. Atkinson, founder and senior board adviser of consultancy service provider Grant Thornton Vietnam, told VIR that the three have exciting potential as a result of their impending equitisation. Several large investment banks, according to Atkinson, have been eyeing Saigontourist for years because of the potential foreign investor interest, and the same would also be true of Hanoitourist. “The opportunities come from the prime property portfolio, particularly in the case of Saigontourist and its iconic hotels such as the Continental, Rex, and Majestic, and more modern properties like the … [Read more...] about Tourism SOE trio makes for IPO gold
Kenya tourism fund
This is a one of initiative project of NovaWorld Mekong leisure and tourism complexes that Novaland will develop in the Mekong Delta region. At the same time, DEG also signed a Memorandum of Understanding on the provision of travel quality standard consulting services for the NovaWorld brand. Novaland Group just received $20 million from Deutsche Investitions - Und Entwicklungsgesellscheft Mbh (DEG) - Reconstruction bank to develop its Azerai Can Tho Resort Accordingly, experts from DEG will provide business support services to Novaland in training professional human resources, advising sustainable hotel management standard, efficiently exploiting natural resources, and developing its hotel chains toward ecological standards. All of these services will help the chain of NovaWorld complexes, such as NovaWorld Mekong, NovaWorld Phan Thiet, and NovaWorld Ho Tram, become favourite destinations for domestic and foreign tourists. Bui Xuan Huy, general director of Novaland Group, … [Read more...] about Novaland receives $20 million to develop Novaworld Mekong project
Nguyen The Tan, CEO of VCCorp In the last three years, three Vietnam’s social networks started with funding commitments from investors. In June 2019, Hahalolo, a social network believed to be the first developed by Vietnamese, integrates social network, online tourism services and e-commerce. Like other big social networks, Hahalolo has functions allowing users to make friends, and chat online without limitations in space and time. Hahalolo users can interact through the features of posting, commenting, sharing and expressing emotions. Hahalolo also integrates online travel and e-commerce service models, which helps it be a bridge which links travel enthusiasts, and link with travel service providers, retailers with customers. In July, another social network, Gapo, made its debut. At a press conference to introduce Gapo, Gap Technology, the developer, received commitment from G-Capital to invest VND500 billion. The amount of money would be used in the first phase of … [Read more...] about How will Vietnam’s social networks compete?
The Vietnam Coalition for Climate Action makes debut in Hue city on August 21 (Photo: VNA) Thua Thien-Hue (VNA) – The Vietnam Coalition for Climate Action (VCCA) was inaugurated during a ceremony held in Hue city of the central province of Thua Thien-Hue on August 21. Launched by the World Wildlife Fund (WWF) Vietnam and the Green Innovation and Development Centre (GreenID), the event drew the participation of about 100 delegates from ministries, firms, universities and institutes in the central and Central Highlands regions. GreenID Executive Director Nguy Thi Khanh said the VCCA will work towards Vietnam’s low carbon economy for safety, sustainable development and prosperity. It is a multilateral cooperation network of businesses, non-government and non-profit organisations, finance suppliers and consumers, among others, in sustainable energy, green development and climate change adaptation in Vietnam. The coalition, comprising of 12 members, is committed to … [Read more...] about Vietnam coalition for climate action debuts
Can Tho (VNA) – Leaders of Can Tho had a meeting with Hungarian Ambassador Ory Csaba on October 2 to discuss a Hungary-funded hospital project and the organisation of the European nation’s culture days in the Mekong Delta city. Chairman of the Can Tho People’s Committee Le Quang Manh said the Hungary-funded oncology hospital project, with 500 beds and a total investment of nearly 1.73 trillion VND (74.5 million USD), is significant to the health sector of Can Tho and the Mekong Delta region as it will have the most cutting-edge equipment to not only provide treatment but also help with cancer prevention through early diagnosis. Work on the hospital began in October 2017, and many facilities have been completed. However, he admitted, the progress is still lagging behind schedule because of many reasons, including those relevant the Hungarian side and legal procedures. To accelerate the project, more equipment has been installed at the construction … [Read more...] about Can Tho city, Hungary foster cooperative relations