German gas producer to invest $133 mln in Vietnam’s Quang Ngai province

By Tri Duc
Mon, December 25, 2023 | 10:59 am GMT+7

German industrial gas producer Messer received an investment certificate for a $133.28 million project in Vietnam’s central province of Quang Ngai on Sunday.

The certificate was given at a ceremony to outline Quang Ngai’s planning for 2021-2030, with a vision to 2030. The event was attended by President Vo Van Thuong, Deputy Prime Minister Tran Hong Ha, and other leaders.

The 7.24-hectare factory, located in Dung Quat Economic Zone, is set to enter operation 15 months after land is handed over by the authorities. The project’s output includes 240,000 normal cubic meters of oxygen and nitrogen gas an hour, 400 tons of liquid argon, oxygen, and nitrogen a day, and 12.09 normal cubic meters of krypton, xenon, and a mix of helium and neon per day.

Messer entered Vietnam in 1997 and now runs three subsidiaries in Hai Phong city in the north and Binh Duong and Binh Phuoc provinces in the south. It has invested over $250 million in Vietnam and currently operates nine facilities with over 400 staff.

Quang Ngai Chairman Dang Van Minh (left) and Quang Ngai Party Committee chief Bui Thi Quynh Van (right) grant an investment certificate to Messer in the central province, December 24, 2023. Photo courtesy of Quang Ngai news portal.

Quang Ngai Chairman Dang Van Minh (left) and Quang Ngai Party Committee chief Bui Thi Quynh Van (right) grant an investment certificate to Messer in the central province, December 24, 2023. Photo courtesy of Quang Ngai news portal.

Besides, Quang Ngai authorities granted investment certificates to two other projects. Thang Long Investment Trading and Real Estate Construct JSC, based in the northern province of Vinh Phuc, will conduct the Bau Giang urban area project. The VND3,318-billion ($136.8 million) project will cover 49.6 hectares in Quang Ngai town and Tu Nghia district in the central province.

Ho Chi Minh City-based NHSLAND BDS Investment Business Company Limited will develop the Coastal Quang Ngai eco-urban area with an investment of VND7,106 billion ($292.9 million). Delta Group, a major construction firm in the country, is the construction partner for the 94-hectare project.

On the same day, Quang Ngai authorities kicked off the construction of Hoang Sa-Doc Soi road. This is the biggest-ever road traffic investment by Quang Ngai province with VND3,500 billion ($144.3 million). The 26.8-kilometer project will connect Quang Ngai town, Dung Quat Economic Zone, and Chu Lai airport, helping reduce traffic on National Highway 1.

Comments (0)
  • Read More
Tyre firms struggle despite lower rubber prices

Tyre firms struggle despite lower rubber prices

The recent decline in natural rubber prices, typically seen as a positive signal for the tyre industry due to reduced input costs, has not brought the expected improvement in profitability.

Companies - Wed, July 23, 2025 | 3:40 pm GMT+7

ADB forecasts 6.3% GDP growth rate for Vietnam in 2025, country aims for 'at least 8%'

ADB forecasts 6.3% GDP growth rate for Vietnam in 2025, country aims for 'at least 8%'

The Asian Development Bank on Wednesday revised its Vietnam GDP growth projection down to 6.3% in 2025 and 6% in 2026, from 6.6% and 6.5% in April, respectively.

Economy - Wed, July 23, 2025 | 3:08 pm GMT+7

Vinhomes to start construction on $155 mln industrial park project in northern Vietnam in early 2026

Vinhomes to start construction on $155 mln industrial park project in northern Vietnam in early 2026

Vinhomes, the real estate arm of Vietnam’s conglomerate Vingroup (HoSE: VIC), is expected to commence construction of an industrial park in Hai Phong in the first quarter of 2026.

Industrial real estate - Wed, July 23, 2025 | 10:19 am GMT+7

Vingroup’s real estate arm VEF posts 8,372% net profit growth in H1 on strong sales

Vingroup’s real estate arm VEF posts 8,372% net profit growth in H1 on strong sales

Vietnam Exhibition Fair Center JSC, a real estate subsidiary of conglomerate Vingroup (HoSE: VIC), reported a net profit of VND15.25 trillion ($583.3 million) in the first half of 2025, up 8,372% year-on-year on the sales of key real estate projects.

Real Estate - Wed, July 23, 2025 | 8:08 am GMT+7

China's Guangxi proposes cooperation in aluminium mining, processing with Vietnam's Cao Bang province

China's Guangxi proposes cooperation in aluminium mining, processing with Vietnam's Cao Bang province

Guangxi, one of China’s largest aluminium industry hubs, is seeking to establish cooperation with Vietnam’s Cao Bang province in aluminium mining and processing.

Companies - Tue, July 22, 2025 | 10:17 pm GMT+7

Malaysia maintains stance in tariff negotiations with US: Prime Minister

Malaysia maintains stance in tariff negotiations with US: Prime Minister

Malaysian Prime Minister Datuk Seri Anwar Ibrahim has reaffirmed Malaysia's stance on factors that may affect the country's policies, especially regarding tariff negotiations with the US.

Southeast Asia - Tue, July 22, 2025 | 10:11 pm GMT+7

Northern Vietnam province Bac Ninh pledges optimal support for Samsung Vietnam expansion

Northern Vietnam province Bac Ninh pledges optimal support for Samsung Vietnam expansion

Bac Ninh is committed to facilitating the operation of Samsung Vietnam in the locality, said Chairman of the provincial People’s Committee Vuong Quoc Tuan.

Companies - Tue, July 22, 2025 | 10:04 pm GMT+7

NS BlueScope Vietnam publishes Environmental Product Declarations

NS BlueScope Vietnam publishes Environmental Product Declarations

NS BlueScope Vietnam has officially announced its Environmental Product Declarations (EPDs) to transparently disclose detailed information on the environmental impacts of its products.

Companies - Tue, July 22, 2025 | 8:07 pm GMT+7

Public corporate bond offerings expected to rebound rapidly in H2

Public corporate bond offerings expected to rebound rapidly in H2

As Vietnam’s financial markets continue a deeper phase of adjustment following a turbulent period, capital-raising channels are showing increasingly clear signs of divergence.

Companies - Tue, July 22, 2025 | 7:57 pm GMT+7

Vietnam’s benchmark VN-Index surpasses 1,500 points, highest in a month

Vietnam’s benchmark VN-Index surpasses 1,500 points, highest in a month

Strong cash inflows from domestic investors in the final minutes of trading propelled the VN-Index, which represents the Ho Chi Minh Stock Exchange (HoSE), to its highest level in a month on Tuesday, topping 1,500 points.

Finance - Tue, July 22, 2025 | 4:52 pm GMT+7

Vietnam's top instant coffee producer Vinacafé Bien Hoa earns nearly $52,800 in daily profit

Vietnam's top instant coffee producer Vinacafé Bien Hoa earns nearly $52,800 in daily profit

Vinacafé Bien Hoa, Vietnam's leading instant coffee maker, posted an after-tax profit of over VND249 billion ($9.52 million) in the first half of 2025, or nearly VND1.38 billion ($52,785) per day.

Companies - Tue, July 22, 2025 | 3:49 pm GMT+7

Former Netflix HR leader joins Vietnam-based consultancy Newing as strategic advisor

Former Netflix HR leader joins Vietnam-based consultancy Newing as strategic advisor

Ho Chi Minh City-based Newing, a consulting firm specializing in leadership development and organizational transformation, is expanding its global network of experts to support Vietnamese enterprises, with Shweta Shukla, former Netflix HR executive, appointed as strategic advisor.

Companies - Tue, July 22, 2025 | 2:37 pm GMT+7

Malaysia’s EV adoption rate projected to reach 9.6% by year-end

Malaysia’s EV adoption rate projected to reach 9.6% by year-end

The adoption rate of electric vehicles (EVs) in Malaysia may reach 9.6% by the end of this year, supported by the introduction of new models and growing consumer interest, according to Malaysian Automotive Association (MAA) president Mohd Shamsor Mohd Zain.

Southeast Asia - Tue, July 22, 2025 | 1:41 pm GMT+7

Malaysia strengthens position in global hydrogen ecosystem

Malaysia strengthens position in global hydrogen ecosystem

Malaysia’s first solid-state hydrogen reactor, the HyPEReactor, has been launched at the Orang Asli Settlement of Pos Tibang.

Southeast Asia - Tue, July 22, 2025 | 1:39 pm GMT+7

Vietnam's SHB bank okayed to expand charter capital to $1.76 bln

Vietnam's SHB bank okayed to expand charter capital to $1.76 bln

Saigon-Hanoi Bank (SHB) has received approval from Vietnam's central bank to raise its charter capital to VND45.942 trillion ($1.76 billion) after issuing a 13% share dividend, maintaining its position among the Top 5 largest private banks in Vietnam.

Banking - Tue, July 22, 2025 | 12:45 pm GMT+7

Update of typhoon Wipha in Vietnam: Storm No.3 weakens into tropical depression

Update of typhoon Wipha in Vietnam: Storm No.3 weakens into tropical depression

At around 7:30 p.m today (Tuesday), after nine hours of making landfall in Vietnam's Hung Yen-Thanh Hoa area, tyhooon Wipha weakened into a tropical depression.

Society - Tue, July 22, 2025 | 10:18 am GMT+7