Vietnamese realty group Hoang Anh Gia Lai on Sunday put into operation a five-star hotel in Yangon, Myanmar

The hotel is housed in the group’s Myanmar Center, located some eight kilometers from downtown Yangon, on Kaba Aye Pagoda Road in Bahan Township. Hoang Anh Gia Lai (HAGL) Group is one of the leading real estate companies in Vietnam that focuses on the development of residential and commercial real estate in many principal economic […]

Embattled Vietnam property developer pledges another $230 mln for Myanmar project

Vietnamese real estate conglomerate Hoang Anh Gia Lai Group has started work on the second stage of a major project in Myanmar estimated to cost US$230 million. The amount accounts for more than half of the total projected cost of the Hoang Anh Gia Lai Myanmar Center in Yangon. The group announced at a groundbreaking […]

Vietnam PM ends Myanmar visit on high note

NAY PYI TAW (VNS) — Initiatives by Prime Minister Nguyen Tan Dung at the seventh Cambodia-Laos-Myanmar-Vietnam (CLMV) Summit and the sixth Ayeyawady-Chao Phraya-Mekong Economic Co-operation Strategy (ACMECS) Summit were welcomed by member states. During the CLMV Summit, the Vietnamese PM and leaders of Cambodia, Laos and Myanmar reiterated their commitment to foster the traditional relationship, […]

BIDV Plans To Open Shop In Myanmar

Mr Tran Bac Ha, President of Bank for Investment and Development of Vietnam (BIDV) has announced that it has sought permission to open its fully invested bank or joint venture bank in Myanmar right after the Asian government starts to open the banking industry. Reportedly, BIDV opened the representative office in Pyay Road St, Yangon, […]

Vietnamese firm to unveil Yangon development in October

Offices and a five-star hotel on Kabar Aye Pagoda Road in Yangon that are being built with investment from the Hoang Anh Gia Lai Group from Vietnam will reportedly open by the end of October, according to the Ministry of Hotels and Tourism. The offices are due to be completed in May with the development […]

Vietnam infrastructure developer eyes industrial zone development in Myanmar

Ho Chi Minh City-based C.T Group has submitted the plans to develop Vietnam – Myanmar Industrial Zone (IZ) in a recent meeting with H.E. Nyan Tun – Vice President of Myanmar, according to a local newspaper. The IZ will accommodate many Vietnamese manufacturers, since it will offer them “the opportunities to expand the commodity market […]

Vietnamese businesses encouraged to invest in Myanmar

Businesses should invest in Myanmar right now instead of waiting for a couple of years when they may miss lucrative opportunities, said Tran Bac Ha, Chairman of Association of Vietnamese Business Investors in Myanmar on July 15 in Hanoi. Workers produce footwear items for export to Myanmar at Biti’s Company. Speaking at a seminar on […]