Tag: hanoi

Retail Asia12/05/2023
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4min0
At a building in Hanoi’s Cau Giay District on Wednesday evening, many queued up outside to register to buy an apartment at NHS Trung Van, a new social housing project that has been available since the end of March. The project is being built on a 2,700-square-meter area in Nam Tu Liem. When completed it […]

Retail Asia10/05/2023
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2min0
Hanoi Metro, the operator of the capital’s first metro line, posted its first profit last year at nearly VND97 billion ($4.14 million). The profit was a turnaround from the VND37 billion loss recorded in 2021. The company saw revenues surge sevenfold to VND483 billion. The Cat Linh – Ha Dong Metro Line began commercial operation […]

Retail Asia25/04/2023
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5min0
Amid rising interest rates, Hanoi’s cash-strapped villa investors are slashing prices by up to 40% to lure customers. Loi spent VND32.5 billion (nearly $1.4 million) on a 180-square meter villa near Ring Road No. 3.5 in mid-2022. He paid for the house with a bank loan and VND11 billion of his own money hoping his […]

Retail Asia28/12/2022
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2min0
The Cat Linh – Ha Dong Metro Line in Hanoi has received an additional VND911 billion ($38.6 million) capital increase. The money will come from state coffers, with 24.4% of it from domestic funds and the rest foreign funds, according to a decision signed by Deputy Prime Minister Le Minh Khai. The Ministry of Planning […]

Retail Asia20/07/2022
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2min0
Power output in the northern region topped 22,800 megawatts at noon on Monday, 9 percent higher than last year’s peak, amid an ongoing heatwave. Hanoi and 14 provinces in the northern and central regions have been recording temperatures of up to 38 degrees Celsius (100 degrees Fahrenheit), and the heatwave is likely to continue for […]

Retail Asia08/07/2022
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2min0
Grab has become the first ride-hailing firm in Vietnam to announce a new surcharge on its motorbike services starting Thursday. The surcharges are VND5,000 (20 U.S. cents) for each GrabBike trip and GrabFood order in some localities including HCMC, Hanoi, Hai Phong, Da Nang and Can Tho. GrabExpress services in HCMC and Hanoi will attract […]

Retail Asia17/05/2022
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3min0
Japanese retail giant Aeon Mall wants to invest in 3-4 more projects in Hanoi by 2025. At a recent meeting with Hanoi Party secretary Dinh Tien Dung, Nagakawa Tetsuyuki, general director of Aeon Mall Vietnam, said the Aeon Mall Hoang Mai project is now in its last preparation stages for investment. It has enough funds, […]

Retail Asia06/01/2022
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2min0
Ride-haling platform Gojek has launched its GoCar Protect service in Hanoi a month after introducing it in HCMC. The Indonesia-headquartered company guarantees that all its drivers have got two doses of Covid-19 vaccines and all cars are equipped with an air purifier and a transparent protective shield to separate drivers and passengers. Drivers must take […]

Retail Asia07/12/2021
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1min0
Hanoi plans to ban motorbikes in core districts after 2025, five years earlier than an earlier plan, in order to reduce traffic congestion and emissions. The ban will apply to all districts within the third ring road and on three major roads: Truong Sa, Hoang Sa and National Highway 5, according to a plan being […]

Retail Asia25/11/2021
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2min0
Private hospitals in HCMC and Hanoi are reporting losses after months of limited operations necessitated by the Covid-19 pandemic. After four years of making a profit, the Tam Duc Heart Hospital in HCMC’s District 7 posted a loss of VND13 billion ($571,440) in the third quarter this year. Its revenue plunged 63 percent to nearly […]

Retail Asia19/10/2021
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2min0
Hang Xanh Motors Service JSC (Haxaco), a major Mercedes-Benz dealer in Vietnam, reported a record loss, more than VND33 billion ($1.4 million) in Q3, due to social distancing orders. Revenue in Q3 was VND700 billion, down 59 percent compared to the same period last year. Social distancing measures applied in Hanoi, Ho Chi Minh City […]

Retail Asia07/10/2021
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6min0
The first Ritz-Carlton branded residences in Vietnam is set to open in late 2023. Masterise Homes and Marriot International on May 10 announced the signing of an agreement for The Ritz-Carlton Residences, Hanoi, a standalone luxury branded residential project that marks the debut of the Ritz-Carlton brand in Vietnam, slated to open in late 2023. […]


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