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Vietnamese realty player DIC Corp guns for profit, capital base spikes

Development Investment Construction JSC (DIC Corp), among the top real estate developers in Vietnam, targets to earn VND1.01 trillion ($40.7 million) in pre-tax profit this year, up 508.9% year-on-year.

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

Thailand promotes smart agriculture initiatives

The Federation of Thai Industries (FTI) is advancing smart farming initiatives by collaborating with university experts to launch a pilot project for smart agriculture development.

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

Southern Vietnam town attracts $1.5 bln investment

Kien Giang province authorities have granted investment memoranda to 16 companies to invest in 17 projects in Ha Tien town with combined investment capital of VND37.25 trillion ($1.5 billion).

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

Vietnam property businesses expect market recovery in 2024

Vietnam’s real estate firms are expecting the market to make a U-turn this year, with new projects and the next phases of existing projects to be launched.

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

Lam Dong province Party chief arrested for property project violations

Tran Duc Quan, Secretary of Lam Dong's Party Committee, was detained Wednesday on charges of violations related to the Dai Ninh eco-resort, trade and urban area project in the Central Highlands province.

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

Vietnam renewable power developers sell projects to foreign investors

In a recent wave of renewable energy investments in Vietnam, many domestic tycoons have registered large-scale projects and then quickly transferred stakes to foreign investors to take a fast profit.

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

Investors worried about 'losing' projects due to adjusted Nha Trang planning

Businesses are worried about "losing" projects that they have poured millions of U.S. dollars into because they go outside the new planning of Nha Trang town, Khanh Hoa province, south-central Vietnam.

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

Era of 'safe' real estate products in Vietnam: insiders

Customers are now no longer interested in on-paper property projects, and have turned to those that are being completed or have been handed over as a safe choice during this volatile period, said insiders.

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

HCMC transport infrastructure struggles to keep pace with urban development

Despite great improvements in recent years, transport infrastructure in Ho Chi Minh City is yet to meet its urban development needs, with overloaded roads and rush hour traffic jams remaining rampant.

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

Vietnam property developers in race to raise capital

Construction and real estate businesses in Vietnam are mobilizing capital from bonds and stocks with the realty market forecast to gradually warm up in the last months of the year and start of 2024.

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

Germany’s VFT Industry UG eyes $1.6 bln investment in central Vietnam

German firm VFT Industry UG plans to invest EUR1.5 billion ($1.6 billion) in building a stainless steel factory in the central province of Ha Tinh.

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

Thai electronics firm Casper records H1 profit of $1.44 mln in Vietnam

Casper Vietnam Group JSC, an electronics maker from Thailand, reported a consolidated after-tax profit of VND34.9 billion ($1.44 million) in the first half of 2023, while it made a loss of VND25.4 billion ($1.05 million) in the same period last year.

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

UK launches phase 2 of Climate Finance Accelerator in Vietnam

The British Embassy in Hanoi has announced a new wave of capacity building support for low carbon projects that can benefit communities across Vietnam.

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

S Korean architect firm to supervise terminal construction at Long Thanh airport

South Korea's Heerim Architects & Planners has signed a “construction-phase supervision and advisory contract” for the passenger terminal being built at the Long Thanh International Airport in southern Vietnam.

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

Vinhomes to develop $971 mln township in Hai Phong

Vietnam’s biggest listed property firm Vinhomes JSC has been given the go-ahead by Hai Phong authorities to build a new urban area covering more than 240 hectares in the northern city.

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

US firm studies feasibility of Hai Phong free trade zone

U.S. consulting firm CT Strategies LLC has signed a contract with Vietnam’s L.Q Joton Group to carry out a feasibility study for a free trade zone in Hai Phong city.

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

S Korean retailers double down in Vietnam

South Korean retailers are persisting with expansion efforts in the Vietnamese market even as Malaysian giant Parkson Retail Asia’s subsidiary files for voluntary bankruptcy.

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

Retired American naval officers join Vietnam-focused energy firm

Texas-based project development company Energy Capital Vietnam (ECV) announced Friday it was forming a maritime security council with the participation of two retired senior naval officers.

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

HCMC strives to accelerate $3 bln public investment plans

Ho Chi Minh City, Vietnam’s southern economic hub, is seeking to rapidly disburse its 2023 public investment target of VND70.5 trillion (over $3 billion), expecting to reach 95% of the goal for the whole year.

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

Realty developer Novaland revives work on 2 more key projects

Leading Vietnamese property developer Novaland is returning engineers to two major resort entertainment projects where work has been paused as it had run out of funds.

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

Binh Dinh province okays three new projects worth $87 mln

Binh Dinh authorities have approved in principle three projects to develop a Takao brick and tile plant, a wood pellet plant, and a mineral processing plant.

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

Former business executive handed life sentence in $24 mln fraud case

The former chairman of the International Technology Development and Investment Trading Joint Stock Company (IDT) Pham Thanh Hai was sentenced to life in prison on Tuesday for fraudulently appropriating more than VND572 billion ($24.35 million).

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

Asia needs clearer standards, less complexity, for green projects to accelerate net-zero transition

David Liao, co-chief executive, Asia Pacific at HSBC, explains what Asia including Vietnam is supposed to do to lure investors who embrace environmental, social, and corporate governance (ESG) issues.

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

Thai-backed $2.3 bln thermopower project canceled in central Vietnam

Authorities in Quang Tri have informed EGATi of the Vietnamese province’s decision to terminate the Thai electricity firm’s 1,320-megawatt coal-fired power project.

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

Khanh Hoa okays $1.3 bln in private investments

South-central Vietnam's Khanh Hoa province granted investment certificates or in-principle approval to eight big projects worth VND31.2 trillion ($1.33 billion) on Sunday.

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

Ministry accelerates proposed HCMC-Can Tho high-speed railway plans

The Ministry of Transport is speeding up preparatory work for a proposed high-speed railway linking Ho Chi Minh City with Can Tho city in the Mekong Delta, a region with no access to railroads.

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

Blackstone Minerals to enhance Vietnam green nickel project

Blackstone Minerals has set its sights on the American firm’s Vietnamese green nickel ambition through its ongoing engagement with prospective technology and offtake partners at its Ta Khoa refinery project in northern Vietnam.

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

Revised land law needs to crack down on speculation: experts

Vietnam’s draft revised Land Law must prevent land speculation, and needs regulations to fix loopholes in the sector, heard a workshop in Hanoi early this week.

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

ADB to invest $18 mln in Australis’ Vietnam aquaculture venture

The Asian Development Bank (ADB) has disclosed its strategic equity investment plan for Vietnam-based Australis Holdings, committing more than $15 million to finance the firm’s climate-smart barramundi and seaweed aquaculture project.

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

Central Vietnam province seeks to revitalize $2.3 bln power project after Thai firm quits

A shift to using gas is expected to help an abandoned 1,320-megawatt coal-fired power project in Quang Tri province to fire up again.

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

Southern developers with sufficient land reserves eye opportunities

Real estate developers in southern Vietnam are facing a range of difficulties, and only those with large areas of land at their disposal may be able to survive.

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

Malaysia’s Toyo Ink signs $2.2 bln deal for southern Vietnam power plant

Toyo Ventures Holdings Berhad’s subsidiary Toyo Ink and Song Hau 2 Power Company have signed a temporary engineering, procurement and construction (EPC) agreement with the Sunway-PECC2 Consortium in relation to the Song Hau 2 thermal power plant project in Vietnam.

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

HCMC prepares to select contractors for 2 key projects

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