LG invests $8.24 bln in northern Vietnam city, urged to do more in training, healthcare
South Korean chaebol LG’s investment in Vietnam’s northern coastal city of Hai Phong has amounted to $8.24 billion to date, and the local administration has called on the company to invest more in education-training and healthcare.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Northern Vietnam port city okays $368 mln investment by South Korean firms
The northern port city of Hai Phong granted investment certificates Wednesday to eight Korean-invested projects worth around $368 mln at a forum held in Seoul.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
LG Display posts $115 mln net income in Vietnam in 2023
LG Display Vietnam Haiphong Company, under LG Display - a subsidiary of South Korean chaebol LG, posted a net income of KRW159.1 billion ($114.9 million) in Vietnam in 2023.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Former Hai Phong police chief gets 10-year prison sentence for property appropriation
Former director of Hai Phong city's police, Do Huu Ca, has been sentenced to 10 years in jail for property appropriation.
Society - Mon, Dec 22, 2021 | 11:30 am GMT+7
Singapore's KinderWorld begins building int'l school in northern Vietnam port city
Singapore-headquartered KinderWorld International Group (KinderWorld) begun construction Friday of the three-hectare Singapore International School (SIS) in the northern port city of Hai Phong.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Northern Vietnam port city seeks investors for $101 mln waste-to-energy project
The Hai Phong Economic Zone Management Board is set to begin the process of selecting investors for a waste-to-energy project in the northern port city.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Denmark’s Maersk, Vietnam’s Hateco to collaborate on green logistics, port automation
Danish shipping giant Maersk and Vietnamese group Hateco have agreed to strengthen cooperation in terminal development in the northern city of Hai Phong, particularly in green logistics and port automation.
Infrastructure - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vinaconex ITC wants to transfer part of northern Vietnam urban-tourism project
Vinaconex Investment and Tourism Development JSC (Vinaconex ITC) plans to sell part of its Cat Ba Amatina urban-tourism project on Cat Ba archipelago in Cat Hai district, Hai Phong city.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Chinese photovoltaics manufacturer GoodWe opens first overseas factory in Vietnam
GoodWe Vietnam Technology Co. Ltd., under Chinese photovoltaic inverter manufacturer and smart energy solution provider GoodWe, has opened a factory in the northern coastal city of Hai Phong.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Hai Phong city prepares massive industrial parks to accommodate FDI
Vietnam’s northern port city of Hai Phong has plans to build new industrial parks (IPs) to prepare for an anticipated increase in foreign direct investment (FDI) amidst a supply chain value shift to the Southeast Asian region.
Industrial real estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
KinderWorld wins land auction to develop international school in Hai Phong city
Singapore education firm KinderWorld has won an auction for 3.04 hectares of land to build an international school in Le Chan district, the northern Vietnam city of Hai Phong.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
LG’s Vietnam plants report post-tax profits of $133.5 mln in Jan-Sep 2023
Two Vietnamese subsidiaries of South Korea’s LG Electronics have posted a combined post-tax profit of KRW179.31 billion ($133.5 million) in Jan-Sep 2023, down 27.6% year-on-year.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Hai Phong city to become major global seaport city by 2050
The northern city of Hai Phong is aiming to become a major seaport city in Asia and the world by 2050, built on the development pillars of seaport-logistics services; green, smart, modern industry; and marine tourism.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Viet Phat Group boss and real estate ambitions
Accumulating significant resources from the commercial sector, businessman Nguyen Van Binh, chairman of Viet Phat Group JSC, and his associates have been investing heavily in real estate, with many residential housing and industrial park projects and most recently a large-scale trade center in partnership with Aeon Mall Vietnam.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
2023: energy, electronics sectors shine bright as Vietnam attracts huge foreign investments
Energy and electronics sectors hogged the limelight as registered foreign direct investment (FDI) in Vietnam reached $36.6 billion this year through December 20, up 32.1% year-on-year.
A year in review and 2024 forecasts - Mon, Dec 22, 2021 | 11:30 am GMT+7
BW Industrial begins building 10th project in 2023 in Hai Phong city
BW Industrial Development JSC, a leading logistics and industrial real estate developer in Vietnam, kicked off the construction of a project in Hai Phong city on Thursday.
Industrial real estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam, China to enhance railway connectivity under Belt Road Initiative
Vietnam and China decided to enhance cooperation on railways and other infrastructure projects in order to facilitate trade flows between the two countries during Chinese President Xi Jinping’s two-day visit to Hanoi.
Infrastructure - Mon, Dec 22, 2021 | 11:30 am GMT+7
Hai Phong, Quang Ninh industrial parks go green
Hai Phong city and Quang Ninh province, the “red addresses” for attracting foreign direct investment in northern Vietnam, are taking strides to build ecological, environmentally friendly industrial parks.
Industrial real estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
LG’s Vietnam factories record higher revenues, lower profits in H1
Vietnamese subsidiaries of LG Electronics reported higher sales revenues but lower post-tax profits in the first half of this year, according to the South Korean giant’s financial statements.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam needs $16.3 bln for airport network development: minister
Vietnam needs up to VND400 trillion ($16.32 billion) to implement its 2021-2030 airport network development plan, with several localities wanting aviation connectivity, said Minister of Transport Nguyen Van Thang.
Infrastructure - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam first post-pandemic destination for Hong Kong logistics development council
The Hong Kong Logistics Development Council choosing Vietnam as its first destination on resuming overseas visits after the Covid-19 pandemic reflects “very close” bilateral ties between the territory and Vietnam.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
'Manufacturer paradise' Vietnam should intensify eco-industrial park development: Deep C
Vietnam, already a paradise for manufacturers, should further embrace sustainable development by encouraging eco-industrial parks, said Bruno Jaspert, general director of the Deep C Industrial Zones.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
German tape maker tesa opens $58 mln factory in northern Vietnam
Germany-headquartered tape maker tesa inaugurated a EUR55 million ($57.8 million) factory in Hai Phong city on Thursday.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Major developer Vinaconex withdraws from $451 mln tourism project in northern Vietnam
Vinconex has withdrawn from the VND11 trillion ($451.3 million) Cat Ba Amatina tourism project in Hai Phong city, which has its subsidiary Vinaconex ITC as the main investor.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Hai Phong city attracts $3 bln of FDI in Jan-Sep
Vietnam’s northern city of Hai Phong attracted over $3 billion of foreign direct investment (FDI) in the first nine months of 2023, becoming one of the top FDI locations in the country.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Container shipping firm Viconship raises funds for port acquisition, hotel construction
The Vietnam Container Shipping Joint Stock Corporation (Viconship) is mobilizing capital from a share issuance to finance the acquisition of Nam Hai Dinh Vu Port and build the Hyatt Place Hai Phong Hotel in the northern city of Hai Phong.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Hai Phong free trade area development a new, visionary direction: minister
Hai Phong city’s plan to build the South Hai Phong Economic Zone with a free trade area as its nucleus reflects a new, bold and visionary direction, said Minister of Planning and Investment Nguyen Chi Dung.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Hai Phong city okays projects of $1 bln from Asian firms
Vietnam’s northern city of Hai Phong granted investment certificates to 11 foreign and domestic direct investment (FDI) projects with total registered capital of $961 million and two social housing projects worth $400 million on Friday, or $1.36 billion in total.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Ha Long Bay-Cat Ba Archipelago recognized as first inter-provincial world heritage site
The UNESCO has added Ha Long Bay-Cat Ba Archipelago in northern Vietnam to the World Heritage List, making it the first inter-provincial UNESCO-listed world heritage site in Vietnam.
Travel - Mon, Dec 22, 2021 | 11:30 am GMT+7
Belgium-invested industrial zone Deep C begins expansion in Hai Phong city
The Deep C service complex project phase 2, part of Deep C Industrial Zones, in Hai Phong city commenced on Wednesday in the northern port city of Hai Phong.
Industrial real estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Hai Phong city eyes 20,000-hectare coastal economic zone
The northern coastal city of Hai Phong plans to establish a coastal economic zone (EZ) with a total area of about 20,000 hectares.
Infrastructure - Mon, Dec 22, 2021 | 11:30 am GMT+7
‘Sky the limit’ for Vietnam industrial real estate: developer
Vietnam’s rapid growth and supply chair diversification efforts by MNCs are bringing ample development opportunities to the country’s industrial real estate industry, says Deep C Industrial Zones CEO Bruno Jaspaert.
Industrial real estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Hai Phong city to build $313 mln section of Ring Road 2
The northern port city of Hai Phong will pour over VND7.44 trillion ($313.3 million) into building a section of Ring Road 2 to pave the way for new urban areas, said local authorities on Wednesday.
Infrastructure - Mon, Dec 22, 2021 | 11:30 am GMT+7
Hai Phong expands Dinh Vu-Cat Hai EZ industrial area by 300 hectares
The northern port city of Hai Phong has expanded the industrial area of its Dinh Vu-Cat Hai Economic Zone by 300 hectares under a new adjustment to the EZ’s plan.
Industrial real estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Singapore education firm KinderWorld eyes Hai Phong city investment
Singapore-based educational firm KinderWorld International Group plans to expand its activities in Vietnam to the northern city of Hai Phong by building an international education complex.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
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