Improved business environment, infrastructure can help Vietnam’s growth reach 6.5%: IMF
Improving the business environment and infrastructure can help Vietnam secure economic growth of 6.5% over the medium term, said Krishna Srinivasan, director of the International Monetary Fund's (IMF) Asia and Pacific Department.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Localities review projects related to troubled contractor Thuan An Group
The people's committees of Quang Nam, Phu Yen, and Dak Lak provinces have ordered a review of investment projects in their localities related to troubled infrastructure builder Thuan An Group JSC.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam’s FPT, Germany’s Siemens to cooperate in semiconductor, digitalization
Vietnam’s leading tech firm FPT and Germany’s tech giant Siemens on Monday signed a memorandum of understanding (MoU) on cooperation in infrastructure, digitalization, and semiconductor.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
India’s Adani Group proceeds with $10 bln investment in Vietnam infrastructure
Gautam Adani, chairman of Indian multinational conglomerate Adani Group, is visiting Vietnam to proceed with the group’s plans to invest up to $10 billion in infrastructure and renewable energy in the country over the next decade.
Infrastructure - Mon, Dec 22, 2021 | 11:30 am GMT+7
JICA, ADB to launch $1.5 bln infrastructure fund, Vietnam in focus
The Asian Development Bank (ADB) and the Japan International Cooperation Agency (JICA) will establish the Leading Asia's Private Infrastructure Fund 2 (LEAP 2) with the capital of up to $1.5 billion, the duo announced Friday.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Major infrastructure investments needed to spur northern midlands, highlands growth in Vietnam
Vietnam should build and upgrade expressways and airports to boost development in the northern midland and highland region, said Singapore-headquartered EnCity International Consulting JSC.
Infrastructure - Mon, Dec 22, 2021 | 11:30 am GMT+7
Turkey construction giant IC Holdings eyes major infrastructure projects in Vietnam
IC Holdings, a Turkish construction-focused conglomerate, is interested in joining a spate of infrastructure projects in Vietnam, which considers infrastructure development a strategic breakthrough for its socioeconomic growth.
Infrastructure - Mon, Dec 22, 2021 | 11:30 am GMT+7
Turkish firms keen on Vietnam infrastructure projects: official
Many Turkish businesses are keen to cooperate with Vietnam in infrastructure projects, Cagatay Ozden, Asia-Pacific department head of Turkey’s trade ministry, said at the Vietnam-Turkey business forum in Ankara Thursday.
Infrastructure - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam seeks to tap Saudi Arabian fund for transport infrastructure, climate change projects
Prime Minister Pham Minh Chinh has urged Saudi Arabia to use its $620-billion Public Investment Fund (PIF) to invest in Vietnam’s prioritized sectors including transport infrastructure and climate change adaptation.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Chinese conglomerates eye railway expansion in Vietnam
Leaders of China Railway Engineering Corporation (CREC) and Power China expressed their wish to develop railway projects in Vietnam while meeting with Vietnamese Prime Minister Pham Minh Chinh in Nanning city, Guangxi province on Saturday.
Infrastructure - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam a frontier data center market with underdeveloped infrastructure
Vietnam is arguably among the most lacking in data center infrastructure regionally, suggesting a major opportunity at the content provision level, says real estate services firm Cushman & Wakefield.
Consulting - Mon, Dec 22, 2021 | 11:30 am GMT+7
Bamboo Capital subsidiary Tracodi’s prospects buoyed by infrastructure investments, quarrying operations
Tracodi, a Bamboo Capital Group subsidiary, has seen its fortunes and prospects lifted by its infrastructure investments and quarrying operations despite a year-on-year Q2 decline in revenues and pre-tax profits.
Companies - 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
Major developers keen to build industrial parks in Hau Giang province
Many major corporations have responded with interest to Hau Giang province’s plan that envisages the construction of seven industrial parks covering 1,741 hectares by 2030.
Industrial real estate - 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
Bamboo Capital offloads 21 mln Tracodi shares, remains major stakeholder
Bamboo Capital Group has sold 21.04 million shares of its construction subsidiary Tracodi, listed on the Ho Chi Minh Stock Exchange (HoSE) as TCD, to a strategic partner, to boost its infrastructure business.
Bamboo Capital - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam firms Tracodi, Vidifi join hands in expressway management
Bamboo Capital Group subsidiary Tracodi and Vietnam Infrastructure Development and Finance Investment JSC (Vidifi), the operator of multiple expressways across the country, have joined hands to invest in infrastructure and expressway management.
Bamboo Capital - Mon, Dec 22, 2021 | 11:30 am GMT+7
Bamboo Capital to partner with strategic investor to boost infrastructure segment
Bamboo Capital Group will transfer 21 million shares of its construction subsidiary Tracodi to a strategic partner experienced in infrastructure development in an effort to increase the firm’s competitiveness and seize opportunities from large-scale public investment projects.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Australia to provide $69.4 mln for Vietnam’s infrastructure development, energy transition
Australia will offer Vietnam an aid package of AU$105 million ($69.4 million) to help the country with infrastructure development, climate change response and energy transition, Australian Prime Minister Anthony Albanese said on Sunday.
Politics - Mon, Dec 22, 2021 | 11:30 am GMT+7
British International Investment re-enters Southeast Asia including Vietnam
British International Investment (BII), the UK’s development finance institution and impact investor, has announced a $15 million commitment to the SUSI Asia Energy Transition Fund, a Southeast Asia-focused energy transition infrastructure fund managed by Swiss-based firm SUSI Partners.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Bamboo Capital to make strong investment in subsidiary Tracodi’s infrastructure segment
Vietnamese conglomerate Bamboo Capital Group will invest strongly in the infrastructure segment of its subsidiary Tracodi as the government speeds up public investment in social housing projects.
Bamboo Capital - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam opens two new sections of North-South Expressway
Vietnam’s Ministry of Transport opened two new expressways on Saturday, raising the total length in use on the North-South Expressway network to 280 kilometers out of the planned 654 km.
Investing - Mon, Dec 22, 2021 | 11:30 am GMT+7
Infrastructure developer Deep C urged to expand industrial zones in Hai Phong
Hai Phong authorities have asked industrial zone (IZ) infrastructure developer Deep C to build more facilities in the northern port city.
Infrastructure - Mon, Dec 22, 2021 | 11:30 am GMT+7
ADB to provide $130 mln for key infrastructure projects in Mekong Delta city
The Asian Development Bank (ADB) has agreed to provide loans of $130.3 million for the Mekong Delta city of Can Tho to invest in key transport infrastructure development with climate change adaptation.
Infrastructure - Mon, Dec 22, 2021 | 11:30 am GMT+7
HCMC to accelerate snail's pace public investment spending
Ho Chi Minh City, Vietnam’s economic powerhouse, is seeking to accelerate its public investment disbursement following a poor performance in the first two months of this year, which reached just 1% of the year target.
Investing - Mon, Dec 22, 2021 | 11:30 am GMT+7
VinaCapital teams up with Japan’s Ryobi in Vietnam investment
VinaCapital, a leading investment management firm company in Vietnam, and Japanese conglomerate Ryobi have signed a deal to form a business alliance to jointly explore real estate and other investment opportunities in the country.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Leading builder Licogi profit drops 83% in 2022
Licogi Corporation, a leading construction firm in Vietnam, earned a post-tax profit of VND19.85 billion ($850,000) in 2022, down 83% year-on-year, according to its financial report.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam asks for Japan’s support on express railway development
Prime Minister Pham Minh Chinh has for the second time asked the Japanese government to help Vietnam develop its north-south express railway.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Northern Vietnam: An 'extended arm' of the global factory
Property consultancy Cushman & Wakefield explains why northern Vietnam is a key part of the global manufacturing and supply chain.
Consulting - Mon, Dec 22, 2021 | 11:30 am GMT+7
Binh Dinh plans roads connecting capital town with industrial parks
Binh Dinh has approved road projects worth VND2,659 billion ($107 million) to connect Quy Nhon town, its capital, with the south-central province’s industrial parks and urban areas.
Infrastructure - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam needs $16 bln for seaport development until 2030
Vietnam needs VND398,706 billion ($16.03 billion) to invest in seaports and other marine infrastructure until 2030, says Le Tan Dat, an executive with Construction Consultation JSC for Maritime Building (CMB).
Infrastructure - Mon, Dec 22, 2021 | 11:30 am GMT+7
Southeastern region needs $29.7 bln for transport infrastructure until 2030
The southeastern region needs VND738.5 trillion ($29.7 billion) to invest in transport infrastructure from now to 2030, says newly-appointed Minister of Transport Nguyen Van Thang.
Infrastructure - Mon, Dec 22, 2021 | 11:30 am GMT+7
Danang seeks contractor for $119 mln seaport infrastructure package
Authorities in Danang city are looking to hire a contractor for a VND2,950 billion ($119 million) package to build common infrastructure at the Lien Chieu Port project.
Infrastructure - Mon, Dec 22, 2021 | 11:30 am GMT+7
HCMC calls for more US investments in infrastructure, energy
Ho Chi Minh City is seeking more U.S. investment in prioritized sectors like deep-water port construction, road infrastructure, digitalization, clean energy, and finance, said Vice Mayor Ngo Minh Chau.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Khanh Hoa economic zone targets mega projects, billions of dollars
The central coastal province of Khanh Hoa plans to attract billions of dollars into 27 major projects in Van Phong Economic Zone in the 2023-2024 period.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
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