Hotel developers are experiencing the dark days in their business. The lower number of guests, low occupancy rate and decreasing revenues have all caused headaches for them. Hotel development, which was considered a lucrative business, has been in distress. All the business indexes are unsatisfactory in the low business season. Meanwhile, experts say they cannot see any signals of recovery in the... 

This is not the right time for secondary investors to join the present dreary realty market as the central bank’s latest loosened credit policy will bring about a psychological impact only, insist market observers. Prices continue shrinking Since realty fever in 2007, the condo segment for the first time has experienced a free-fall in price in the primary market, said an executive of CB Richard... 

Contrary to what experts have predicted, this month’s consumer price index (CPI) in many cities and provinces, including the country’s two biggest cities of Hanoi and HCMC, is forecast to rise slightly from the previous month while in some other provinces the figure is strongly down despite the recent fuel price hikes. The low CPI rise is way below expert expectations. Economist Ngo Tri Long told... 

Air France will continue to offer passengers six non-stop, code-share flights a week from Noi Bai International Airport in Hanoi to Charles de Gaulle International Airport in Paris as part of its agreement with Vietnam Airlines. Air France confirmed the number of direct code-share flights operated by Vietnam Airlines aircraft from Hanoi to Paris in a statement in which it also revealed a plan to raise... 

Hotel and resort management company Hotel Collection Indochine announced that it operated resort Ana Mandara which had last week opened in northern Ninh Binh province, a 90-minute drive from Hanoi. Sitting on the edge of the Van Long Nature Reserve – a primeval tropical forest, Ana Mandara has a total of 172 guest accommodations in villa style and provides the three room categories – superior,... 

Vietnam Airlines’ long-awaited direct air service to the United Kingdom will hopefully commence this fall as a result of recent successful discussions among officials from the UK Department for Transport and the Civil Aviation Department of Vietnam. The British embassy in Hanoi has high expectations about non-stop flights between Vietnam’s two largest cities, HCMC and Hanoi, and London,... 

HSBC Vietnam on Thursday inaugurated an office in Hanoi, widening its network to 16 banking units in six big cities after more than two years operating as a foreign-owned bank in Vietnam. Thomas Tobin, CEO of HSBC Vietnam, said in a statement that the expansion of its network was to enhance customers’ access to its banking services. “The opening of Giang Vo Deposit Office clearly reflects HSBC’s... 

HANOI – Office rents in Hanoi dropped slightly in the first quarter despite increasing demand, according to a report from CB Richard Ellis Vietnam (CBRE). From January to March, office space contracted for lease in the city rose to a record high of 37,800 square meters, including 25,200 square meters of grade B offices and 12,500 square meters of grade A. The rent decreased by VND550,000 and VND850,000... 

Hanel Company Limited will start work on building the Hanoi software park this April. The $35 million Long Bien district park will be divided into zones for software outsourcing and e-commerce centres, a software technology training school, a green park, a water reservoir, a five-star hotel, experts’ residential complexes and hi-end office building and trade centres. At completion which slated for... 

Investor interest in Hanoi’s residential and retail property for lease has increased, a representative from the Ministry of Construction said. A property company in Hanoi said the growing trend in leasing out properties was a solution to inflationary problems and helped investors recoup capital quickly. Low cost apartments for lease have mushroomed in areas of Western Ha Noi such as Phu My,...