Viettel, Singtel to build cable linking Vietnam, Singapore, towards operation in 2027
Viettel and Singtel, two telecommunications giants of Vietnam and Singapore, will jointly build the Vietnam-Singapore submarine cable system, connecting Vietnam to the city-state, a major digital hub of Asia.
Infrastructure - Mon, Dec 22, 2021 | 11:30 am GMT+7
Hyosung T&C invests $118 mln in Vietnam nylon business
Hyosung T&C, the spandex arm of South Korean chaebol Hyosung, will invest $118.2 million to acquire 100% ownership of Vietnam-based Hyosung DongNai Nylon Co., Ltd., a fiber producer.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Korea’s Hyosung plans $720 mln additional investment in Ba Ria-Vung Tau province
South Korea’s industrial chaebol Hyosung plans to invest $720 million more in Vietnam’s southern province of Ba Ria-Vung Tau in a biofiber factory, said a delegation from the firm.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Ba Ria-Vung Tau province okays $540 mln Hyosung carbon fiber factory
South Korean giant Hyosung has received in-principle approval from Ba Ria-Vung Tau's industrial park authority to build a $540 million carbon fiber factory in the southern coastal province.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Singapore firm invests $29 mln in northern Vietnam fiber project
Singapore’s Sanbang PTE. Ltd. has been licensed to invest $28.7 million in a fiber project in Nam Dinh province.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Taiwan textile giant plans additional $250 mln investment in southern Vietnam
Far Eastern Polytex Vietnam, a Taiwan-invested textile firm, will invest an additional $250 million in Binh Duong in Q3/2023, making it the southern province’s biggest foreign investor.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Nokia, VNPT team up to deploy first 10G broadband in Vietnam
Nokia and VNPT will conduct the first deployment of 10G fiber broadband in Vietnam, providing connections to 10,000 homes and businesses in the eight biggest localities of the Southeast Asian nation, the Finnish tech giant announced on Tuesday.
Investing - Mon, Dec 22, 2021 | 11:30 am GMT+7
China’s reopening a double-edged sword for Vietnam’s textile sector
As China reopens its economy, Vietnam’s textile-apparel sector will have the opportunity to start exporting to its northern neighbor again, but will also face competition from its main export rival to the U.S. market.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam textile firm Unitex secures $52.5 mln loan from 5 foreign banks
Unitex Corporation, a subsidiary of local textile firm Century Synthetic Fiber Corp, has secured a $52.5 million loan from five leading Asian banks to expand one of its factories.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Yarn maker to buy rooftop electricity from VinaCapital solar unit
The Huong Sen Comfor Company and SkyX Solar of investment fund VinaCapital signed Tuesday a power purchase agreement (PPA) for electricity generated from the former's rooftop solar system installed by the latter.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
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