Business in Brief

World Leading Real Estate Firm Opens Rep.Office

Cushman & Wakefield, a world leading real estate services firm, opened its representative office in Ho Chi Minh City on February 29.

Cushman & Wakefield transacts office space across the world

It is the 30th office of the firm in the Asian-Pacific region and the 221st worldwide.

Cushman & Wakefield also has a plan to open another office in Ha Noi, its managing director in Southeast Asia , Arshpreet Chaudhry, revealed.

Cushman & Wakefield General Director Toby Dodd said the Viet Nam market is booming with prices of first-class offices for rent in the country outstripping those in other regional countries because of its strong economic growth.

According to the firm’s recent survey on office space across the world, Viet Nam now is ranking fifth in the Asian-Pacific region and the 17th in the world in the prices of offices for rent.

Daewoo Capital Opens Office in Viet Nam

Daewoo Capital officially opened its representative office in Viet Nam on February 28, providing consumer financing, lease finance, mortgage and investment banking.

The office represented an important milestone as it provided access to one of the most active markets in the region, a hub of South East Asia , said CEO of Daewoo Capital Corp, Lee Dong Rhim.

Company shareholders include Aju Group and Shinhan Bank. The Daewoo Capital plans to cover investment and venture capital.

Indian NGO Opens Rep. Office in Viet Nam

CUTS International, an Indian non-governmental organization, opened its rep. office in Ha Noi on February 29 to strengthen cooperation in developing economic-trade policies with Viet Nam.

Between 2008 and 2010, CUTS (Consumer Unity & Trust Society) will cooperate with the Ministry of Industry and Trade’s Competition Management Department in building policies and laws on competition with the assistance from the Government of Switzerland.

The Indian NGO plans to provide technical assistance for the department to draft a consumer protection law.

CUTS opened its rep. offices in Zambia in 2000, in Kenya in 2002 and England in 2003.

Source: VNA

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