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.
A delegation of Sojitz made the proposal at a Wednesday meeting with Dong Nai province Vice Chairwoman Nguyen Thi Hoang, highlighting that the program has been deployed for five years in 13 nations. In Vietnam, there are similar projects in Hanoi, the central city of Danang, and the northern province of Quang Ninh, the delegation noted.
Sojitz plans to connect Dong Nai with Kobe city in Japan's Kansai region thanks to their joint focuses on industry, seaports, and aviation.
Welcoming the proposal, Hoang said the project meets Vietnam’s development path, including the transition of industrial parks in Dong Nai into smart and green zones.
The Dong Nai government asked its industrial zones authority to cooperate with Sojitz on the project, per Sojitz’s suggestions of implementation in 2024-2026.
Dong Nai is now home to 33 industrial parks. Among them, 31 are operating; one is under construction, namely Long Thanh high-tech park; and one was established in July 2023, namely Long Duc 3 Industrial Park, according to the Dong Nai Industrial Zones Authority.
Long Duc 3 Industrial Park is also a Sojitz project, covering 244.5 hectares with an investment of VND1,800 billion ($74.1 million).
As of end-2023, industrial parks in Dong Nai had leased out 6,024.4 hectares, or 85.66% of their total areas. They have attracted 2,108 investments, including 1,456 foreign direct investment (FDI) projects with registered capital of $29.6 billion, of which $22.71 billion has been disbursed. Registered FDI reached $1.2 billion in 2023.
- Read More
Gasoline retailer PVOIL posts $11.8 mln pre-tax profit in Q1
PVOIL, a subsidiary of state-run giant Petrovietnam, recorded a consolidated pre-tax profit of VND300 billion ($11.83 million) in the first quarter of 2024, up 5% year-on-year, said its leadership.
Companies - Fri, April 26, 2024 | 7:59 am GMT+7
US's human rights report has 'inaccurate information about Vietnam situation'
Vietnam on Thursday said it has ‘regrets’ over the recent annual human rights report released by the U.S. Department of State.
Society - Thu, April 25, 2024 | 10:05 pm GMT+7
Schools in Philippines go online amid extreme heat
Record heat in the Philippines in April has forced schools to send children home for online classes.
Southeast Asia - Thu, April 25, 2024 | 9:59 pm GMT+7
Marubeni seeks cooperation in sustainable aviation fuel, offshore wind power in Vietnam
Marubeni Asian Power Singapore Pte Ltd., a wholly-owned subsidiary of Japanese multi-sector giant Marubeni, is seeking to cooperate with Vietnamese businesses in sustainable aviation fuel and renewable energy, particular offshore wind power.
Energy - Thu, April 25, 2024 | 8:53 pm GMT+7
Vietnamese billionaire reaffirms steadfast commitment to EV maker VinFast
Vietnam’s richest man, billionaire Pham Nhat Vuong, says he personally and the conglomerate that he chairs, Vingroup, will continue financing VinFast despite heavy losses incurred by the EV-maker since 2017.
Companies - Thu, April 25, 2024 | 5:32 pm GMT+7
Malaysia tackles food security challenges
Empowering local communities in the agriculture sector to attract young people to this field is one of the measures taken by Malaysia to address labour shortage while also contributing to tackling challenges in food security.
Southeast Asia - Thu, April 25, 2024 | 5:10 pm GMT+7
UK supports ASEAN’s economic integration
The UK delegation to ASEAN held a seminar in Jakarta, Indonesia on Wednesday to discuss the ASEAN-UK economic integration programme.
Southeast Asia - Thu, April 25, 2024 | 5:09 pm GMT+7
Vietnam considers direct power purchase agreements with no restrictions on capacity, usage
A draft decree on direct power purchase agreements (DPPAs) between producers and large consumers via their own power lines has no caps on capacity, connection voltage level and intended usage.
Energy - Thu, April 25, 2024 | 5:07 pm GMT+7
Indonesian central bank raises interest rates to highest level in 7 years
Bank Indonesia (BI) on Wednesday raised interest rates to their highest level in seven years.
Southeast Asia - Thu, April 25, 2024 | 4:58 pm GMT+7
Bosch Vietnam, RMIT University to foster tech-driven workforce development
Engineering firm Bosch Vietnam will collaborate with Royal Melbourne Institute of Technology Vietnam (RMIT Vietnam) to provide students with skills and knowledge to meet changing demands in a “technology-driven landscape.”
Companies - Thu, April 25, 2024 | 4:27 pm 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 - Thu, April 25, 2024 | 4:03 pm GMT+7
AI giant Nvidia explores Vietnam investment expansion opportunities
U.S. chip and artificial intelligence giant Nvidia says it will consider expanding investment in Vietnam after a high-ranking delegation ends a fact-finding trip to the country.
Industries - Thu, April 25, 2024 | 3:13 pm GMT+7
Construction giant Vinaconex plans rights issue, capital base hike in 2024
Vinaconex, among Vietnam’s top construction companies, plans to issue nearly 120 million shares to existing shareholders at VND10,500 ($0.41) apiece this year.
Companies - Thu, April 25, 2024 | 3:03 pm GMT+7
Former Tan Hiep Phat Company director sentenced to 8 years in prison
Tran Qui Thanh, former director of Tan Hiep Phat Trading Service Company Limited, was sentenced to eight years behind bars for “abusing trust to appropriate property”.
Society - Thu, April 25, 2024 | 2:05 pm GMT+7
Vietnam sets aside $1 bln to train semiconductor workforce
Vietnam will spend VND26 trillion ($1.02 billion) by 2030 to develop a well-prepared workforce for the semiconductor industry as the country attempts to seize a “once-in-a-thousand-year” opportunity.
Economy - Thu, April 25, 2024 | 12:16 pm GMT+7
Vietnam’s central province okays S Korea’s SK E&S to process LNG-to-power project
The central coastal province of Quang Tri, SK E&S under South Korean chaebol SK, and Vietnamese conglomerate T&T Group have agreed to cooperate in investment, trade, energy transition, and green growth.
Energy - Thu, April 25, 2024 | 10:31 am GMT+7