Vietnamese realty player DIC Corp guns for profit, capital base spikes
Development Investment Construction JSC (DIC Corp), among the top real estate developers in Vietnam, targets to earn VND1.01 trillion ($40.7 million) in pre-tax profit this year, up 508.9% year-on-year.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Industrial parks, economic zones the axis of Vietnam’s development: official
Industrial parks and economic zones have become the axis of Vietnam's socio-economic development, writes Vuong Thi Minh Hieu, deputy head of the IZs department under the Planning and Investment Ministry.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam blockchain gathering to unleash ‘unlimited future’
An international blockchain conference called “Near APAC” held September 9-10 in Ho Chi Minh City will be a platform that reveals the latest advancements in blockchain technology, organizers said Friday.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Keppel finishes 49% stake acquisition from Vietnam property developer
Singapore-based conglomerate Keppel Corp. has completed its acquisition of a 49% stake for VND3.18 trillion ($135.4 million) from a subsidiary of Vietnamese property developer Khang Dien.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Siemens joint venture eyes stake in Coro Energy’s Vietnam rooftop solar portfolio
Southeast Asia-focused energy company Coro Energy says it is in talks with Capton Energy for the latter to buy into and invest in its Vietnamese solar power portfolio.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Long An province ticks all the right boxes for Japan firms
Long An province bordering Ho Chi Minh City is an ideal location for business expansion beyond Japan, Japanese businesses said on Friday.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Long An province signs 9 investment certificates, 10 MoUs with investors
Long An province, an industrial hub in southern Vietnam, is attracting a new wave of investment as authorities handed over nine investment certificates and signed 10 memoranda of understanding with private investors.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
$2.1 bln Mekong Delta seaport calls for private investment
The first-phase development of Tran De Seaport in the Mekong Delta province of Soc Trang will cost around VND50 trillion ($2.1 billion), to be sourced from private investors, according to Vietnam’s newly-approved port master plan.
Infrastructure - Mon, Dec 22, 2021 | 11:30 am GMT+7
Long An province seeks investors for 13 major projects
The Mekong Delta province of Long An is seeking investors for 13 projects of “great socioeconomic significance” including industrial parks, a biotech center, cattle farms and fruit processing.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Industrial real estate development outlook robust in southern Vietnam
Southern Vietnam’s industrial property market is heating up, helping developers to make a profit and resulting in the prospect of new supplies.
Industrial real estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
PM backs planned major transshipment port in HCMC
Vietnamese Prime Minister Pham Minh Chinh said on Tuesday that the government will work with the southeastern region, including Ho Chi Minh City, to boost social-economic development and build a mammoth transshipment port project in the city.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam aims to expand airport network from 22 to 30 by 2030
Vietnam plans to expand its network of airports from 22 to 30 by 2030, and 33 by 2050, the Ministry of Transport (MoT) announced on Friday.
Investing - Mon, Dec 22, 2021 | 11:30 am GMT+7
M&As pick up pace in Vietnam property market
Vietnam’s ailing real estate market is witnessing a rising number of merger and acquisition (M&A) deals, mostly with overseas buyers who can arrange capital sources to counter the credit crunch in the country.
Development potential of Vietnam's real estate market - Mon, Dec 22, 2021 | 11:30 am GMT+7
Strategic investors in HCMC must have minimum charter capital of $21 mln: resolution
Strategic investors must have a minimum charter capital of VND500 billion ($21 million) to invest in the southern economic hub of Ho Chi Minh City, according to a new resolution issued by the National Assembly, Vietnam's legislative body.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
China proximity boosts north as Vietnam industrial real estate expands
Continuous business expansion by foreign manufacturers has boosted industrial real estate demand in Vietnam in general and the northern region in particular, given its proximity to China.
Industrial real estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Retired American naval officers join Vietnam-focused energy firm
Texas-based project development company Energy Capital Vietnam (ECV) announced Friday it was forming a maritime security council with the participation of two retired senior naval officers.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam property developers face steeper path to growth: S&P Global
Property developers in Vietnam and Indonesia are going to face various hurdles in the next 12 months, including funding and regulatory issues, according to a new S&P Global Ratings report.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam seeks to cut logistics costs to drive sector's development
Vietnam needs to reduce its high logistics costs to improve the new global production hub’s competitiveness, Minister of Transport Nguyen Van Thang has said.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
The Investor opens new office in north-central region
The Investor opened a new north-central Vietnam office in Nghe An province on Sunday to replace its regional office in nearby Ha Tinh province.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Ha Tinh attracts $9.7 bln in new registered investment
The central province of Ha Tinh on Sunday granted in-principle approval or investment registration certificates to 15 projects worth over VND9.6 trillion ($408.8 million), along with memorandums of understanding on investment cooperation worth VND219 trillion ($9.3 billion) to 25 investors.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
PV Gas successfully organizes AGM, strengthens leadership
Vietnamese leading gas corporation PV Gas has successfully organized its 2023 annual general meeting, finalizing the heavyweight’s business plans for the year and further fortifying its leadership.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Logistics sector insider calls for joint efforts to cut high costs
Logistics enterprises in Vietnam should join hands to lower high logistics costs and improve the industry’s competitiveness, CEO Cap Trong Cuong of Vietnam Container Shipping JSC said on Tuesday.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam’s renewables promoting power plan in line with global greener practices: EuroCham
Vietnam’s latest power development plan facilitates a smooth transition towards equitable and sustainable energy systems, aligning with global trends towards greener practices and the need to reduce emissions, said the European Chamber of Commerce (EuroCham).
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam plans to generate 50% of power from renewable sources by 2030
Energy-thirsty Vietnam expects renewable energy to make up 50.3% of the total capacity generated by 2030, as outlined in the country’s latest power development plan.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Experts call for full steam ahead on HCMC transshipment port project
Ho Chi Minh City, Vietnam’s southern economic hub, should push ahead with its planned $5.5 billion Can Gio transshipment port to drive regional growth, heard a workshop on Friday.
Infrastructure - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam's education sector wide open to investors
Educational services at different levels in Vietnam are offering investment opportunities for overseas funds and investors to tap into, with the country witnessing a surge in edtech investments last year.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam joins Asia to supply round-the-clock renewable energy
Vietnam has joined Asia’s plans to increase the development of battery energy storage systems (BESS) to ensure supplies of round-the-clock renewable energy towards carbon neutrality.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam accelerates national high-speed railway preparations
The Ministry of Transport is working on an investment policy for a North-South high-speed railway project which is set to be approved by 2025.
Infrastructure - Mon, Dec 22, 2021 | 11:30 am GMT+7
Ownership certificates to be issued for condotel, officetel projects
Vietnam is set to issue ownership certificates to buyers of condotel and officetel apartments, tourist villas, and shophouses if they are built on commercial land.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Draft telecoms law not supportive of Vietnam, foreign investors: experts
Vietnam’s draft Telecoms Law, which would expectedly be passed in late 2023 and take effect in July 2024, may hinder both domestic and foreign companies in the industry and does not keep up with technology trends, according to industry sources.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
HCMC sets up Thu Thiem urban development board
Ho Chi Minh City’s administration has established Thu Thiem Urban Development Area Management Board to better support the Thu Thiem peninsula’s development process.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Renesas Design Vietnam deploys AI-driven verification for car chips
Renesas Electronics in Vietnam is utilizing one of the world’s latest AI-driven chip verification and debug tools to power up the development of its R-Car automotive designs.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
$10 bln investments to spur southeastern development
Vietnam’s southeastern region, which includes Ho Chi Minh City, received over $10.2 billion in pledged capital from foreign and domestic investors Saturday.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Hanoi to establish satellite cities for stronger development
Hanoi is looking to develop satellite urban areas to ease overcrowding in inner-city areas and support balanced development between the city center and suburbs.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
PM requires 5 Central Highlands expressways to complete by 2030
Prime Minister Pham Minh Chinh has requested the Central Highlands to complete five key expressway projects by 2030 to bolster national transportation connectivity.
Infrastructure - Mon, Dec 22, 2021 | 11:30 am GMT+7
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