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VN-Index gains 108 points in a week

VN-Index gains 108 points in a week

Vietnam’s benchmark VN-Index closed this week with a 108-point gain as expectations of inflation being kept under control improved investor sentiment. The VN-Index closed the week 11.17% higher at 1,080.01 points with a 4.2% gain on Friday alone, the biggest in a session since the end of May. Average trade …

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JW Marriott Hanoi received illegal incentives, owes $1 M land rent

JW Marriott Hanoi received illegal incentives, owes $1 M land rent

The JW Marriott Hotel Hanoi has received illegal incentives from city authorities and its developer should pay VND26.2 billion ($1.08 million) in land rent, the Government Inspectorate says. Bitexco Group had received land from the Hanoi People’s Committee in 2008 to construct the five-star hotel, but approval from the Hanoi …

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