Sunday , November 24 2024

Business

Business

Allow land mortgages for international loans, experts propose

Allow land mortgages for international loans, experts propose

Financial experts have proposed that land use rights be allowed to be mortgaged for international loans, either directly with some restrictions or indirectly through domestic credit institutions. Darryl Dong, principal country officer of the International Finance Corporation (IFC), said at a forum Wednesday that Vietnam currently does not allow enterprises …

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Clean energy firms fear bankruptcy amid low prices

Clean energy firms fear bankruptcy amid low prices

Wind and solar energy developers are concerned they may go bankrupt as the government’s new feed-in tariffs are too low for them to make profits. Some 36 renewable energy developers who did not complete projects in time for recent 20-year incentive feed-in tariffs have asked Prime Minister Pham Minh Chinh …

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Vietnam should improve attractiveness to Asian FDI: experts

Vietnam should improve attractiveness to Asian FDI: experts

Vietnam should up its infrastructure game to attract more Asian foreign direct investment as the European and U.S. economies continue to struggle, according to experts in the field. As Western multinationals are grappling with challenges from macroeconomics and geopolitical tensions, it may be time for Vietnam to focus its efforts …

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Apax Leaders promises refund in November

Apax Leaders promises refund in November

English teaching center Apax Leaders could start refunding students’ fees in November and plans to soon reopen facilities in Ho Chi Minh City, Apax Holdings has said. Chairman of Apax Holdings, the parent company, Nguyen Ngoc Thuy, apologized to nearly 200 parents of students at a meeting Wednesday afternoon in …

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Providers of pre-activated SIM cards face suspension

Providers of pre-activated SIM cards face suspension

The Ministry of Information and Communications has announced that it will suspend network providers found distributing pre-activated SIM cards or cards registered under incorrect personal info. The providers need to publish on their websites a list of authorized salespoints, and they must also ensure that their employees only register subscribers …

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Chinese tourists return to Vietnam

Several Chinese tour groups arrived in Vietnam Wednesday, the day China resumed outbound tours to the country, including a large one of 124 people. The large group came through the Huu Nghi border gate in Lang Son Province. Earlier that day the first group with 38 people arrived through the …

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Number of Chinese tourists to remain modest: travel firms

Though China has started allowing its citizens to travel again to Vietnam, tour companies expect the number of Chinese tourists to remain “modest” amid the global economic slowdown. Nguyen Minh Sang, vice chairman of the Da Nang Travel Association, said there would be no Chinese tour groups to the city …

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