United States

US and Vietnamese investors plan $4 billion financial hub in Vietnam

A group of US and Vietnamese investors have sought Ho Chi Minh City’s permission to develop a US$4 billion complex of office and entertainment buildings

Published

5 years ago

May 17, 2016

Boris Sullivan

A group of US and Vietnamese investors have sought Ho Chi Minh City’s permission to develop a US$4 billion complex of office and entertainment buildings, local media reported on Wednesday.

The project was proposed by investment company Cantor Fitzgerald, architectural company Steelman Partners, and Taiwan-based developer Weidner Resorts of the US’s Weidner Holdings, news website Dau Tu (Investment) said.

Vietnam’s trading company Imex Pan-Pacific Trading Group, known for operating a chain of duty-free shops and fast-food restaurants at airports around the country, is their partner.

According to the plan, the complex will cover around 11 hectares at the new urban area Thu Thiem on the east of the Saigon River. Construction will be completed in more than three years, the website reported.

The complex is expected to attract both foreign and local companies, making it the city’s new financial center.

Source: US investors plan $4 billion financial hub in Vietnam: report | Business | Thanh Nien Daily

United States

What Does a Biden Presidency Mean for Southeast Asia?

Southeast Asian governments have generally not been very impressed by the Trump administration’s lack of commitment.

Published

3 months ago

November 8, 2020

Olivier Languepin

A Biden presidency will not erase overnight the past four years, and the deepening embedded populism in the United States, but Biden’s desire to heal the dysfunctional administration of his predecessor could introduce more coherence and fewer contradictions in the US diplomacy.

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Trade

US cuts GSP trade benefits for Thailand

The US Trade Representative (USTR) announced that Washington will eliminate some tariff benefits for Thailand, saying the country has failed to allow imports of pork from US producers.

Published

3 months ago

November 3, 2020

Olivier Languepin

UTCC: Thai export sector to be affected by US-China trade war

The Office of the United States Trade Representative (USTR) announced today that President Trump is suspending $817 million in trade preferences for Thailand under the Generalized System of Preferences (GSP) program based on its lack of sufficient progress providing the United States with equitable and reasonable market access for pork products.

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China

Economic Stakes are High for US-China Tensions

US assumptions around the eventual convergence of these two systems have radically shifted, hence Trump officials believe a re-orientation of long-standing economic and political arrangements that have brought these nations closer together is now required

Published

4 months ago

October 10, 2020

Zhang Fang

Geopolitical Changes are Afoot These developments coincide with a series of major speeches on US-China relations by key members of President Trump’s administration.

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