Mitsubishi divests from 5 Vietnam real estate subsidiaries

Mitsubishi divests from 5 Vietnam real estate subsidiaries

Mitsubishi Corporation, the trading arm of Japanese keiretsu Mitsubishi, has divested from five real estate businesses based in Vietnam.

Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

Petrovietnam, subsidiaries ink gas sales deal with Japanese, Thai partners for $12 bln power project

Petrovietnam, subsidiaries ink gas sales deal with Japanese, Thai partners for $12 bln power project

State-run Petrovietnam and its subsidiaries have signed deals with Japanese and Thai partners to buy gas for their long delayed $12 billion power project at Block B-O Mon.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Japan's Suntory earns $950 mln from 2023 beverage business in Vietnam

Japan's Suntory earns $950 mln from 2023 beverage business in Vietnam

Japan-based brewing and distilling firm Suntory, a partner in Vietnam-based Suntory PepsiCo Vietnam Beverage, earned an organic revenue of JPY143.4 billion ($947 million) from beverage business in the Southeast Asian country in 2023.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam should ride new renewable technology funding trend: RMIT experts

Vietnam should ride new renewable technology funding trend: RMIT experts

Financing for “dirty” coal-driven energy projects is drying up and traditional funders like China, South Korea and Japan are shifting their focus to funding renewable technologies, write Richard Ramsawak and professor Robert Baulch from The Business School at RMIT Vietnam.

Consulting - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam exports first batch of organic coffee to Japan

Vietnam exports first batch of organic coffee to Japan

Vietnam's first batch of organic coffee was exported Tuesday to Japan, one of the world's most demanding markets, after two years of talks.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Japanese sanitary ware firm TOTO's Vietnam revenue records 12% drop in Apr-Dec 2023

Japanese sanitary ware firm TOTO's Vietnam revenue records 12% drop in Apr-Dec 2023

TOTO recorded a sale revenue of VND2,936 billion ($124.3 million) in Vietnam from April-December 2023, the first three quarters of its fiscal year 2023, down 12% year-on-year.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Sumitomo, Vingroup ink green transport development pact

Sumitomo, Vingroup ink green transport development pact

Japanese keiretsu Sumitomo and taxi operator GSM JSC uder Vietnamese conglomerate Vingroup inked a green transportation development agreement on Tuesday to foster carbon neutrality in Vietnam.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Sumitomo-invested $2.58 bln thermal power plant in central Vietnam inaugurated

Sumitomo-invested $2.58 bln thermal power plant in central Vietnam inaugurated

Van Phong Power Company, a wholly-owned subsidiary of Japanese keiretsu Sumitomo, inaugurated the 1,432 MW Van Phong 1 coal-fired power plant in Vietnam’s central province of Khanh Hoa on Wednesday.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Japan willing to fund trans-Vietnam high-speed railway: minister

Japan willing to fund trans-Vietnam high-speed railway: minister

Finance Minister Shunichi Suzuki has expressed the Japanese government’s willingness to finance a trans-Vietnam high speed railway project and other infrastructure works.

Investing - Mon, Dec 22, 2021 | 11:30 am GMT+7

Machine parts maker IKO Thompson leases 3 hectares for plant in northern Vietnam

Machine parts maker IKO Thompson leases 3 hectares for plant in northern Vietnam

IKO Thompson Vietnam, under Japanese machine parts manufacturer IKO Thompson, has signed a land use right sublease agreement with the Song Khoai Industrial Park, also known as Amata City Ha Long, in Vietnam’s northern province of Quang Ninh.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Acecook builds $200 mln noodle factory in southern Vietnam

Acecook builds $200 mln noodle factory in southern Vietnam

Acecook Vietnam JSC, invested by Japanese noodle firm Acecook, kicked off the construction of a $200 million factory in the Mekong Delta province of Vinh Long last week.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam aims to mobilize foreign capital for 30% of $67 bln high-speed railway

Vietnam aims to mobilize foreign capital for 30% of $67 bln high-speed railway

Vietnam plans to mobilize foreign capital to pay for 30% of the planned North-South high-speed railway project, Minister of Finance Ho Duc Phoc said Monday.

Infrastructure - Mon, Dec 22, 2021 | 11:30 am GMT+7

Japan’s Sojitz, Vietnam’s Stavian to bolster energy, chemicals partnership

Japan’s Sojitz, Vietnam’s Stavian to bolster energy, chemicals partnership

Japanese conglomerate Sojitz Corporation and Vietnamese counterpart Stavian Group have agreed to boost their cooperation in forest development and wood chips, energy, decarbonization, paper pulp and chemicals businesses.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Japan sanitary ware firm TOTO opens $68 mln factory in northern Vietnam

Japan sanitary ware firm TOTO opens $68 mln factory in northern Vietnam

Japanese sanitary ware firm TOTO opened a faucet factory in Vietnam’s northern province of Vinh Phuc on Monday with an investment of JPY10 billion ($67.7 million) after two years of construction.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Japanese firm Toyo plans sustainable aviation fuel production in Vietnam

Japanese firm Toyo plans sustainable aviation fuel production in Vietnam

Nihon Toyo, a Japanese renewables major, plans to up its Vietnam investment, especially in the production of sustainable aviation fuel (SAF).

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Japanese firm begins work on $19 mln biomass fuel factory in northern Vietnam

Japanese firm begins work on $19 mln biomass fuel factory in northern Vietnam

Japanese renewable energy firm Erex Co., Ltd. kicked off construction of a VND478.8 billion ($19.4 million) biomass fuel factory in the northern mountainous province of Tuyen Quang Wednesday.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam budget airline Vietjet launches Melbourne-Hanoi direct air link

Vietnam budget airline Vietjet launches Melbourne-Hanoi direct air link

Private carrier Vietjet announced the launch of direct flights between Melbourne and Hanoi at the Vietnam-Australia Business Forum 2024 held Tuesday in Melbourne.

Travel - Mon, Dec 22, 2021 | 11:30 am GMT+7

Construction of $250 mln Aeon mall in Dong Nai province to start in 2025

Construction of $250 mln Aeon mall in Dong Nai province to start in 2025

The construction of an Aeon mall in Vietnam’s southern province of Dong Nai with an investment of VND6,112 billion ($248.3 million) is set to begin in the first quarter of 2025, the provincial Department of Planning and Investment said.

Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

Thermal power plant transferred to state utility EVN after BOT contract ends

Thermal power plant transferred to state utility EVN after BOT contract ends

The 715 MW Phu My 3 thermal power plant has been transferred to state utility Vietnam Electricity (EVN) for ongoing operation after its build-operate-transfer (BOT) contract ended.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Toyota set to launch $25 mln factory expansion in northern Vietnam

Toyota set to launch $25 mln factory expansion in northern Vietnam

Toyota will launch next month a factory expansion in the northern province of Hung Yen with an investment of $25 million.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

India’s Adani, Japan’s Sumitomo compete to build $2 bln seaport in central Vietnam

India’s Adani, Japan’s Sumitomo compete to build $2 bln seaport in central Vietnam

India’s Adani group and Japan’s Sumitomo have expressed their interest in building Danang’s VND48.3 trillion ($1.96 billion) Lien Chieu seaport project, the central city says.

Infrastructure - Mon, Dec 22, 2021 | 11:30 am GMT+7

Canon Vietnam reaps $1.52 bln in 2023 revenue, targets 28% growth

Canon Vietnam reaps $1.52 bln in 2023 revenue, targets 28% growth

Canon Vietnam Company Limited recorded revenues of $1.52 billion and paid VND205.9 billion ($8.37 million) to the state budget last year.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Construction of $250 mln Bac Giang province Aeon Mall to begin in June

Construction of $250 mln Bac Giang province Aeon Mall to begin in June

Vietnam’s northern province of Bac Giang is preparing for the construction of a $250-million Aeon Mall, scheduled to start in June, said Bac Giang Vice Chairman Le O Pich.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam realty developer TTC Land to build Aeon Mall complex in Danang

Vietnam realty developer TTC Land to build Aeon Mall complex in Danang

Vietnamese real estate developer TTC Land will build an Aeon Mall shopping center-apartment complex in the central coastal city of Danang.

Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

Japan retailer Aeon posts Vietnam operating revenue of $74 mln from Mar-Nov 2023

Japan retailer Aeon posts Vietnam operating revenue of $74 mln from Mar-Nov 2023

Japanese retailer Aeon earned an operating revenue of JPY10,958 million ($73.9 million) in Vietnam from March-November 2023, up 16.6% year-on-year, according to the firm’s report for the first three quarters of fiscal year ending February 2024.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Work on $2 bln Thai Binh LNG power plant to begin in Q3/2025

Work on $2 bln Thai Binh LNG power plant to begin in Q3/2025

The newly established Thai Binh LNG Power JSC plans to start work on its $2 billion, 1.5 GW LNG-to-power plant in Thai Binh province in the third quarter of 2025.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Japanese firms’ Vietnam hassles: labor turnover, power supply, legal transparency

Japanese firms’ Vietnam hassles: labor turnover, power supply, legal transparency

Rising labor costs, high labor turnover, power supply instability, complicated procedures, and weak legal transparency are issues hassling Japanese firms in Vietnam, says the Japan External Trade Organization (JETRO) in a report released Friday.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam's seafood industry: challenges and prospects for the future

Vietnam's seafood industry: challenges and prospects for the future

Over the past three years, the Vietnamese seafood industry has demonstrated strong resilience and adaptability despite fluctuations in global demand and, at times, challenging local conditions. The industry has opportunities but faces challenges, write Dr. Richard Ramsawak and Dr. Adeel Ahmed, economics lecturers at RMIT.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Tokyo Gas gets set to build second LNG power plant in Vietnam

Tokyo Gas gets set to build second LNG power plant in Vietnam

Japan’s Tokyo Gas Co., Ltd. has announced the formal establishment of a joint venture to build a 1.5 GW LNG-to-power plant in the northern province of Thai Binh.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Japan’s Sojitz plans to build smart green industrial park in southern Vietnam

Japan’s Sojitz plans to build smart green industrial park in southern Vietnam

Japan’s multi-sector business Sojitz Corporation plans to build a smart green industrial park in Vietnam’s southern industrial hub of Dong Nai under a program run by the Japanese Ministry of the Environment.

Industrial real estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam GDP growth can reach 6% in 2024: ASEAN+3 macroeconomic research office

Vietnam GDP growth can reach 6% in 2024: ASEAN+3 macroeconomic research office

Vietnam’s GDP growth can reach 6% in 2024, according to the January edition of the ASEAN+3 Regional Economic Outlook.

A year in review and 2024 forecasts - Mon, Dec 22, 2021 | 11:30 am GMT+7

Exquisite international standard Vietnamese chocolate shipped to Japan

Exquisite international standard Vietnamese chocolate shipped to Japan

Alluvia's chocolate bars are made from Vietnamese cocoa ingredients with beautiful packaging and are exported to Japan and Taiwan.

Travel - Mon, Dec 22, 2021 | 11:30 am GMT+7

$74 mln waste-to-power factory inaugurated in Bac Ninh province

$74 mln waste-to-power factory inaugurated in Bac Ninh province

A $74-million waste-to-power facility was inaugurated in the northern province of Bac Ninh on Thursday as part of a cooperation agreement between Vietnam and Japan.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

$50 mln Aeon Mall project okayed in Hai Duong province

$50 mln Aeon Mall project okayed in Hai Duong province

Vietnam's northern province of Hai Duong has given in-principle approval for local firm Tuan Kiet HD, a partner of Japanese retailer Aeon, to build a 3.6 hectare Aeon mall with an investment of VND1,220 billion ($50 million).

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam seafood exports to Japan unlikely to make breakthrough in 2024: association

Vietnam seafood exports to Japan unlikely to make breakthrough in 2024: association

Vietnam's seafood exports to Japan made over $1.5 billion in 2023, down 12% compared to 2022, and they are unlikely to make a significant breakthrough in terms of demand in Japan in 2024, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

A year in review and 2024 forecasts - Mon, Dec 22, 2021 | 11:30 am GMT+7