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INVESTORS POLL

Which city would you rather do business in ?
Hanoi
22%
Ho Chi Minh City
39%
Da Nang
17%
Hai Phong
22%
Total votes: 18

Hanoi

Hanoi

Hanoi will celebrate its 1000th anniversary in 2010, yet despite its venerable past, the city is commonly known for its part in the turbulent latter half of the twentieth century. Fortunately, as Vietnam opens up, more and more visitors find that Hanoi’s reputation for hostility to foreigners is entirely undeserved, at least by its population today, verging on four million. Situated on the banks of the Red River, Hanoi is a sprawling city of huge, tranquil lakes, along which run tree-shaded boulevards set with French colonial architecture. Hanoi’s industries include cotton-spinning, brewing, distilling, tobacco manufacturing and there is significant native industry as well: carved furniture, bronze work, and silk embroidery.



Daily Rail Service Between Hanoi and South China to Begin in January

HANOI, Dec. 12 - Passenger trains between Vietnam and Guangxi Zhuang Autonomous Region in Southern China will begin regular daily service starting on Jan. 1, China's railway authorities said on Thursday.

Daily trains will leave Nanning, the capital of Guangxi, at 6:15 p.m. and arrive in Hanoi at 7 a.m. the following day. Trains will also depart Hanoi at 8:30 p.m, reaching Nanning at 10:05 a.m. the next day.

The trains will be operated by the Nanning Railway Bureau, said Chen Boshi, the bureau's director, who also told Xinhua that the regular passenger route would alleviate high demand from Vietnam's businessmen, laborers and students in Guangxi.



Ericsson and Hanoi Telecom Sign Largest Network Modernization Contract in Vietnam

Sept. 1 - Ericsson signed the largest single contract in Vietnam—amounting to US$450 million—to develop and modernize Hanoi Telecom's nationwide mobile network today an industry journal reported.

The strategic partnership will also see Ericsson managing and operating the network under a full-scope managed services contract. Under the three-year managed services agreement, Ericsson will be responsible for the management, operation and network design of Hanoi Telecom's mobile network, including field operations and support services. Ericsson will also provide a comprehensive range of professional services, such as network deployment and systems integration.



Vietnam Halts Joint-Stock Bank Licensing

Aug. 11- The State Bank of Vietnam announced on its website that it will no longer issue licenses for establishing joint-stock commercial banks.

The move is in response to the government’s call to revise rules for the industry.
In a statement the government said, “Pending the revisions, the issue of permits for establishing new joint-stock commercial banks will be stopped temporarily.”

The government has warned that state-owned companies should stay within their core businesses rather than diversifying to industries ranging from real estate to banking.



Dragonair to Launch Hong Kong-Hanoi Flights

 Aug. 7 - Hong Kong-based Dragonair announced yesterday that it will open a new air-route to Hanoi on October 26, 2008.

Besides transporting passengers from Hong Kong to Hanoi and vice versa, Dragonair plans to conduct tourists and businessmen from North Asia, North America, Australia and New Zealand to Hanoi as well.



Foreign Visitors to Vietnam Increase in First 7 Months

HANOI, July 31 - Vietnam welcomed an estimated 2.6 million international arrivals in the first seven months of this year, a year-on-year increase of 6.6 percent, the Vietnam National Administration of Tourism said Tuesday.

The number of foreign tourists rose by 3.1 percent to more than 1.6 million while the percent of foreigners coming to Vietnam for business surged 38.4 percent to 505,500. Foreign visitors originated mainly from China, the United States, South Korea, Japan, Thailand and Australia the VNAT said.



Hanoi to triple in size over next 12 years

HANOI, April 2 - Hanoi will be doubled in population and tripled in size in the next 12 years, by decree of the People’s Council.

The resolution still awaits approval in the National Assembly. If approved, Ha Tay province, Me Linh district and a sizable portion of Luong Son District will merge with the capital, an expansion that will boost its size to nearly 3,500 square kilometer, and swell its population to some six million people.




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