Northern Vietnam province attracts $166 mln investments from Boway, Waffer Technology
Mainland China's new material-energy firm Boway and Taiwanese alloy producer Waffer Technology plan to invest a total of $166 million in Hai Duong province.
Executives from the firms discussed their investments in Cong Hoa Industrial Park on Wednesday with Hai Duong authorities.
Solar cells, modules
Boway targets a first phase investment of VND2.82 trillion ($114.8 million) for a 20 hectare factory that will manufacture solar cells and solar energy conversion modules for export to America and Europe. One of the firm’s executives noted that they have already made investments in the neighboring province of Bac Giang.
Boway’s proposal for allocation of land to build rent-free housing for workers was accepted by Tran Duc Thang, Secretary of Hai Duong's Party Committee.
In August, Boway revealed plans to invest $350 million in Hai Duong, and is aiming to begin production next year.
Auto parts, repairs
Waffer Technology has proposed a VND1.25 trillion ($50.9 million) investment in a project to make auto components and repair machines. The plant will be able to export 10 million items to America and Europe every year.
Executives from both firms urged local authorities to support their investment certificates and the deployment of their projects.
Thang asked relevant agencies to work with the firms and grant investment certificates in November. He also asked the companies to cooperate with local vocational training schools and universities to develop suitable human resources for the projects.
The 201-hectare Cong Hoa Industrial Park has been developed by Hai Duong-based Vietnam Rubber Industrial Zone and Urban Development JSC with an investment of VND1.08 trillion ($45.4 million). A proposal to expand it to 350 hectares is being studied.
The facility has a prime location. It’s just 50-60 kilometers from Hai Phong seaport and Cat Bi airport in the northern city of Hai Phong; 75 kilometers from Noi Bai airport in Hanoi; and 73 kilometers from the China-connected Cai Lan port in the northern province of Quang Ninh
- Read More
Thailand’s automobile output down 25.5% in September
The Federation of Thai Industries (FTI) on Thursday reported that automobile production in the country fell 25.5% in September from a year earlier.
Southeast Asia - Sun, October 27, 2024 | 7:48 pm GMT+7
Singapore fully implements passport-less clearance at Changi airport
The Immigration and Checkpoints Authority (ICA) of Singapore on Thursday announced that since September 30, it has fully implemented passport-less clearance across all four terminals at Changi Airport.
Southeast Asia - Sun, October 27, 2024 | 7:47 pm GMT+7
Six Thai destinations honored for sustainable tourism
Six Thai destinations have been recognized for their efforts in sustainable tourism as part of the Green Destinations Top 100 Stories initiative.
Southeast Asia - Sun, October 27, 2024 | 7:44 pm GMT+7
Vietnam to add 6,793 MW to power sources in 2025, fulfilling electricity demand
Vietnam is set to add 10 new power source projects with a total capacity of 6,793 MW in 2025, fulfilling the country's electricity demand next year, says state utility Vietnam Electricity (EVN).
Energy - Sun, October 27, 2024 | 5:00 pm GMT+7
PPP funding, special mechanism proposed for $363 mln central Vietnam airport
Vietnam’s central province of Khanh Hoa has proposed developing Van Phong international airport through a public-private partnership with an initial estimated cost of VND9.2 trillion ($363 million).
Infrastructure - Sun, October 27, 2024 | 3:00 pm GMT+7
Taiwan cooling solution firm AVC doubles Vietnam investment to $400 mln
Asia Vital Components (AVC), a Taiwan-based cooling solution provider, will increase its investment in Vietnam’s northern province of Ha Nam to $400 million.
Industries - Sun, October 27, 2024 | 1:30 pm GMT+7
Vietnam plans to invest $13 bln in 2 railways linking to China
Vietnam’s Ministry of Transport is drafting plans to invest $13 billion in building and upgrading two railways linking Vietnam with China.
Infrastructure - Sun, October 27, 2024 | 10:00 am GMT+7
Mekong Delta province Ben Tre set to export fresh coconuts to China
Vietnam and China have reached agreement on conditions for exporting fresh coconuts from the former to the latter; and it was marked by a ceremony in the Mekong Delta province of Ben Tre on Friday.
Economy - Sun, October 27, 2024 | 9:00 am GMT+7
Top e-commerce platforms in Vietnam earn $9.5 bln in Jan-Sept, up 38%
The revenues of top five e-commerce marketplaces in Vietnam, namely Shopee, Lazada, Tiki, Sendo, and TikTok Shop, reached $9.5 billion in the first nine months of this year, up 37.7% year-on-year.
Companies - Sun, October 27, 2024 | 8:00 am GMT+7
6,000 international tourists arrive in Vietnam on 5-star cruises
Nearly 6,000 international guests have arrived in Vietnam aboard five-star cruise ships in the last two days and are set to visit a range of famous natural, historic and cultural landmarks in different regions.
Companies - Sat, October 26, 2024 | 10:08 pm GMT+7
Chinese online retail platform Temu submits papers for Vietnam operations
Chinese online retail platform Temu has submitted a document to Vietnamese authorities for registering its Vietnam operations.
Companies - Sat, October 26, 2024 | 9:38 pm GMT+7
Five investors register for $2.2 bln LNG power project in central Vietnam
Five investors have applied to join the $2.2 billion Quynh Lap LNG-fired power plant project in Nghe An, according to the provincial Department of Planning and Investment.
Investing - Sat, October 26, 2024 | 4:00 pm GMT+7
Southern Vietnam coastal province promotes fish sauce, chocolate, crafts at HCMC show
Farmers and businesses from Ba Ria-Vung Tau are promoting a range of specialties and OCOP (One Commune One Product) products from the province at an exhibition in Ho Chi Minh City.
Companies - Sat, October 26, 2024 | 2:19 pm GMT+7
Northern Vietnam province Quang Ninh has new Party chief
Vu Dai Thang, a Party Central Committee member and Party chief of Quang Binh province in central Vietnam, has been assigned as Party chief of Quang Ninh province for the 2020-2025 term.
Politics - Sat, October 26, 2024 | 1:40 pm GMT+7
Thai-controlled Sabeco to start acquiring 43% stake in brewer Sabibeco next week
Thai Beverage-controlled Sabeco will start its public tender offer to buy an additional 37.81 million shares, or a 43.2% stake, in local brewer Sabibeco on October 31 until December 25.
Companies - Sat, October 26, 2024 | 11:20 am GMT+7
Vietnam mining group Vinacomin appoints new CEO
Vu Anh Tuan, a board member of state-owned Vietnam Coal and Mineral Industry Group (Vinacomin) has been appointed general director, starting from last Monday.
Companies - Sat, October 26, 2024 | 11:14 am GMT+7