Indonesia to launch pilot project on hydrogen-fueled vehicles
Indonesia’s directorate general of New Renewable Energy and Energy Conservation has announced a plan of hydrogen use trials for the operation of buses, trucks, and other heavy-duty vehicles.
Eniya Listiani Dewi, the head of the directorate general, said that in addition to vehicles running on biofuels and electricity, hydrogen-powered ones will play a crucial role in the future of environmentally friendly transport.
The country’s national hydrogen strategy specifies the enhancement of low-carbon hydrogen use in transport until 2060. Accordingly, the proportion of buses using clean fuel will be on the rise, with 20% of the total buses expected to switch to hydrogen energy by 2060, necessitating a hydrogen volume increase nationwide.
In the railway sector, the state-owned railway company KAI also aims to replace diesel locomotives with hydrogen- or battery-powered systems.
- Read More
Vietnam's insurance premium revenue declines in 2024 for second consecutive year
The Vietnamese insurance market's premium revenue in 2024 has continued to decline for the second consecutive year, though the rate of decline slowed down compared to 2023.
Finance - Mon, December 30, 2024 | 9:54 am GMT+7
Vietnam's outstanding real estate projects in 2024
As Vietnam’s real estate market grapples with challenges, several key projects launched in 2024 are injecting fresh momentum into the sector, offering hope for both investors and buyers.
Real Estate - Mon, December 30, 2024 | 8:22 am GMT+7
Vietnam retail major Mobile World buys back shares from departing employees
Mobile World, one of the leading retailers in Vietnam, spent over VND4.3 billion ($169,000) repurchasing more than 431,000 MWG shares from employees who had left the company, at VND10,000 ($0.4) apiece or only 16% of the current market price (VND61,500).
Companies - Sun, December 29, 2024 | 9:08 pm GMT+7
Vietnam’s foreign exchange reserves stand at $80 bln: broker
The State Bank of Vietnam (SBV) sold about $9.4 billion in 2024 to stabilize the exchange rate, resulting in the current reserves of $80 billion, according to Viet Dragon Securities Corporation (VDSC).
Banking - Sun, December 29, 2024 | 4:30 pm GMT+7
S Korea’s Daewoo eyes urban development projects in southern Vietnam province
South Korea’s construction giant Daewoo E&C is keen to join urban development projects in Binh Duong, a key industrial province in southern Vietnam, said an executive.
Real Estate - Sun, December 29, 2024 | 3:02 pm GMT+7
Samsung supplier UTI to invest $35 mln more in northern Vietnam
South Korea-headquartered UTI, Inc., a supplier of Samsung, will invest $35 million in Vietnam’s northern province of Vinh Phuc, an expansion from its previous investment in the neighboring province of Thai Nguyen.
Industries - Sun, December 29, 2024 | 11:00 am GMT+7
Phu My Group plans 2,000 MW green hydrogen plant in central Vietnam
Vietnamese firm Phu My Group is eyeing a green hydrogen factory project in the central coastal province of Binh Dinh, with a capacity of 2,000 MW.
Energy - Sun, December 29, 2024 | 9:00 am GMT+7
Vietnam’s housing supply doubles in 2024, dominated by high-end apartments: report
Vietnam’s housing market recorded nearly 81,000 units up for sale in 2024, doubling the 2023 figure amid signs of a slight recovery, according to the Vietnam Association of Realtors (VARS).
Real Estate - Sun, December 29, 2024 | 8:00 am GMT+7
HCMC to host Lunar New Year fest in Thu Duc city
Ho Chi Minh City will host a countdown and Tet (Lunar New Year) festival in Thu Duc city from December 28 to January 1.
Travel - Sat, December 28, 2024 | 6:49 pm GMT+7
Vietnam province to complete site clearance for Daewoo’s $381 mln urban area project in 2026
Vietnam’s northern province of Thai Binh aims to complete the site clearance for the 96.4-hectare Kien Giang New Urban Area, a project jointly invested by South Korean conglomerate Daewoo, in May 2026.
Real Estate - Sat, December 28, 2024 | 5:10 pm GMT+7
Foxconn’s subsidiary Shunsin pours extra $60 mln into Vietnam subsidiary
ShunSin Technology Holdings Limited, under Taiwanese giant Foxconn, has increased the capital in ShunSin Technology (Vietnam) Co. Ltd. from $20 million to $80 million, the firm said Friday.
Industries - Sat, December 28, 2024 | 4:52 pm GMT+7
Vietnam steel stocks poised for growth in 2025 despite headwinds
Vietnam's listed steel companies are forecast to see robust profit growth in 2025, with earnings surging by 44.1% year-on-year, according VPBank Securities (VPBankS).
Finance - Sat, December 28, 2024 | 12:48 pm GMT+7
Northern Vietnam port operator logs record revenue in 2024
Hai Phong Port JSC, headquartered in the northern city of Hai Phong, reaped VND2.91 trillion ($114.3 million) in 2024 revenue, an all-time high.
Companies - Sat, December 28, 2024 | 11:00 am GMT+7
A 3-day trip to Phu Quoc costs less than a weekend in Singapore: Travel + Leisure
Renowned travel magazine Travel + Leisure has dedicated an entire article to explain the allure of Phu Quoc to its nearly 5 million readers. Key reasons highlighted include convenient transportation, an advantageous visa policy, and a variety of appealing experiences.
Travel - Sat, December 28, 2024 | 9:55 am GMT+7
Public investment key catalyst for domestic consumption, private investment in Vietnam: experts
Public investment is a top driving force of Vietnam's economic growth amid uncertainties related to inflation, interest rates and exchange rates under the global impact, according to experts.
Finance - Sat, December 28, 2024 | 8:00 am GMT+7
Largest ever made-in-Vietnam bulk carrier ready to sail
A bulk carrier with the capacity of 65,000 deadweight tonnage (DWT), the largest ever built by a Vietnamese company, has completed sea trials and is ready to start operations from Hai Phong city, northern Vietnam.
Southeast Asia - Fri, December 27, 2024 | 10:39 pm GMT+7