VietNamNet Bridge - A Vietnamese corporation has reportedly spent $14 million at an auction to buy a shopping mall in the suburbs of Marrickville in Sydney, Australia, taking the first step in its plan to penetrate overseas markets. Vietnamese spend more money to buy properties overseas Some months before, another business acquired an apartment project on Racecourse street in Kensington in Melbourne in a deal worth $6 million. Vietnamese businesses and individuals began looking for properties overseas some years ago. That has recently increased as the real estate price in Australia has fallen as a result of the Australian government’s moves to cool the market. European countries are also destinations that many Vietnamese investors are interested in, especially individuals who seek opportunities to get permanent residential cards. One of the reasons is that they want to have homes for their children who study at prestigious schools in Europe, especially in France and … [Read more...] about Vietnamese spend billions of US dollars to buy properties overseas
Overseas
Overseas Vietnamese artist nurtures love for Hà Nội through sketches
Viet Nam News By Trần Hoàng Nam For painter Etcetera Nguyễn, Hà Nội is like a lively painting that brings endless inspiration to artists. Nguyễn, born Nguyễn Quang Trường, left Việt Nam in 1988. Now he has returned from the US and plans to spend the rest of his life in his homeland. He loves wandering and painting all around Hà Nội. Recently, the Kim Đồng Publishing House selected his sketches of Long Biên Bridge, Ô Quan Chưởng Gate, Đồng Xuân Market and the Old Quarter as illustrations for the book Hà Nội Rong Ruổi Quẩn Quanh (Wandering in Hà Nội) by the late author Băng Sơn. After three years living in Thailand, Nguyễn settled in the US since 1991. He worked as a journalist at Viet Weekly magazine in California, where many Vietnamese people live. In 2006, when Việt Nam hosted APEC (Asia-Pacific Economic … [Read more...] about Overseas Vietnamese artist nurtures love for Hà Nội through sketches
Overseas Vietnamese seek domestic partners, investment
BAOOV represents more than 6,000 overseas Vietnamese businesses and has built its member networks in various countries and territories At a convention of the organization held in late June in Ho Chi Minh City, Deputy Prime Minister Truong Hoa Binh applauded the group, calling its members an inseparable part of the Vietnamese nation and a driving force of the country’s development. According to BAOOV President Nguyen Thanh My, the association represents more than 6,000 overseas Vietnamese businesses and provides them with information about projects calling for investment, as well as consultancy for the completion of administrative procedures. The association also assists Vietnamese localities and domestic businesses in promoting sales abroad. The total number of overseas Vietnamese has reached 4.5 million and keeps growing. Special linkages have been set up between overseas Vietnamese and domestic businesses. So far, nearly 3,000 overseas Vietnamese businesses have invested … [Read more...] about Overseas Vietnamese seek domestic partners, investment
Banks prepare to raise game and list on overseas bourses
Listing on overseas stock exchanges is an ambitious endeavour for Vietnamese banks, Photo: Dung Minh In its Decision No.986/QD-TTg dated August 8, the Vietnamese government set out a clear pathway for the strategic development of the Vietnamese banking sector for the period 2018-2025, with a vision towards 2030. Accordingly, in the first phase of 2018-2020, Vietnam will continue to clean up its banking system by resolving the issue of non-performing loans (NPL) and troubled lenders on a market mechanism basis and reducing the number of credit institutions to ensure better health for the entire sector. By the end of 2020, Vietnam looks to have at least 12-15 banks fully compliant with Basel II standards and one or two banks making it into the region’s top 100 largest banks in terms of assets. As for larger ambitions, in the next phase of 2021-2025, the local banking sector is expected to improve its competitive capacity, transparency, and corporate management in line with … [Read more...] about Banks prepare to raise game and list on overseas bourses
Ho Chi Minh City invites overseas Vietnamese talents
Chairman of HCM City People’s Committee Nguyen Thanh Phong (Source: VNA) HCM City (VNA) – Authorities of Ho Chi Minh City have invited overseas Vietnamese (OV) intellectuals to work in the city, pledging most favourable conditions possible for them to prove their ability and contribute to the city’s development. At a reception on August 22 for OV delegates to the 2018 Programme of Connecting Vietnam Innovation Network, Chairman of HCM City People’s Committee Nguyen Thanh Phong said the country always needs the cooperation and contribution of the community of Vietnamese intellectuals abroad, especially talented and enthusiastic young experts. The delegates took the occasion to propose their ideas to help the city in applying genetic technology in medicine and managing the health care system; addressing traffic congestions; treating waste and protecting the environment; building databases and e-government; and working towards a smart city. They affirmed … [Read more...] about Ho Chi Minh City invites overseas Vietnamese talents