Quang Nam province welcomes 16 projects worth $847 mln
Vietnam's central province of Quang Nam granted in-principle approval, investment registration certificates and investment location research agreements on Saturday to investors of 16 projects worth more than VND20 trillion ($846.6 million).
Quang Nam province grants in-principle approval, investment registration certificates and investment location research agreements for 16 projects worth $846 million, March 16, 2024. Photo by The Investor/Thanh Van.
At a conference held to announce the provincial Master Plan for 2021-2030 with vision until 2050, the provincial People's Committee granted seven investment registration certificates to Truong Hai Group (Thaco).
The group will build a VND400 billion ($16.93 million) refrigeration electrical engineering factory; a VND450 billion passenger car electrical wire factory; a VND390 billion high-end auto glass factory; a VND800 billion automobile frame components factory; a VND540 billion ($22.86 million) passenger car interior factory; a VND1 trillion ($42.33 million) passenger car seat factory; and the Thaco Industries R&D Center with an investment capital of more than VND300 billion.
Quang Nam granted in-principle approval for a VND1.56 trillion ($66 million) project to expand and upgrade Chu Lai wharf in the Tam Hiep port area. This project is invested by Truong Hai International Logistics Limited Liability Company (THILOGI).
Investment registration certificates were also given to a VND500 billion ($21.16 million) cleaning equipment factory project invested by Germany’s Kärcher Beteiligungs-GmbH; a VND820 billion ($34.7 million) super white float glass factory by China’s Uc Thinh Vietnam Technical Development Co., Ltd; and a VND1.92 trillion ($81.3 million) magnetic magnet project invested by South Korea’s Star Group Ind. Co., Ltd.
A VND960 billion ($40.63 million) project to produce audio equipment by Guoguang Electric Co., Ltd (China); a VND24 billion ($1 million) Quang Nam solid plastic and metal products factory by PMG Solid – an American company; and a VND19 billion Arena Technologies video game chair and car seat manufacturing project by China’s Yangzhou Soleseat Smart Seat Co., Ltd also received investment certificates.
Investment location research agreements were given to the VND6.85 trillion ($290 million) Nam Thang Binh Industrial Park project by Bin Corporation; and a similar project for the Western Industrial Park in Thang Binh district with a total investment capital of VND3.5 trillion ($148.15 million) by WHA Industrial Development PLC (Thailand).
- Read More
Japan's leading transport firm eyes forming driver training center, AI lab in Vietnam
Yamato Holdings, which holds approximately 46% of Japan’s home delivery market, intends to set up a professional driver training center in Vietnam to supply human resources to Japan, said its president Nagao Yutaka.
Industries - Tue, February 18, 2025 | 11:37 am GMT+7
Vietnam plans to stop 2 coal-fired power plants by 2030, all inefficient ones by 2040
Vietnam aims to stop two coal-fired power plants by 2030 and then all inefficient ones that cannot be improved by 2040, according to a decision signed by Prime Minister Pham Minh Chinh on Monday.
Energy - Tue, February 18, 2025 | 11:15 am GMT+7
Vietnam's property market strongly performs in 2024 on solid fundamentals: Knight Frank
Vietnam's real estate market made a strong performance in 2024 across the office, ready-built factories/warehouses, and apartment segments thanks to solid fundamentals, write Knight Frank analysts.
Real Estate - Tue, February 18, 2025 | 8:00 am GMT+7
Thailand, Australia boost ties in transport, logistics
Thailand and Australia are seeking to strengthen cooperation in transport infrastructure and carbon emission reduction in the logistics sector.
Southeast Asia - Mon, February 17, 2025 | 8:20 pm GMT+7
China surpasses US as biggest importer of Vietnamese shrimp
China imported $834 million worth of Vietnamese shrimp last year, surpassing the U.S. to become the largest buyer of this item from Vietnam, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
Economy - Mon, February 17, 2025 | 7:51 pm GMT+7
Malaysia, S Korea resume FTA talks
Malaysia and South Korea are set to hold their seventh round of negotiations for a bilateral free trade agreement (FTA) as they look to expand their trade portfolio and strengthen cooperation, according to the latter's Ministry of Trade, Industry and Energy.
Southeast Asia - Mon, February 17, 2025 | 5:23 pm GMT+7
Indonesia to launch new sovereign wealth fund this month
Indonesia will launch a new sovereign wealth fund called Danantara this month, with an initial capital of around $20 billion.
Southeast Asia - Mon, February 17, 2025 | 5:19 pm GMT+7
Singapore's Billion Union builds $70 mln fabric factory in Vietnam
Hong Kong-invested Thanh Hoa Billion Union Textile kicked off the construction of a $70 million factory in Vietnam’s central province of Thanh Hoa on Monday.
Industries - Mon, February 17, 2025 | 5:04 pm GMT+7
Vietnam’s construction ministry plans real estate exchanges for improved transparency
The Vietnamese Ministry of Construction is advancing a plan to establish real estate exchanges, similar to the stock market, in a bid to enhance transparency and efficiency in property transactions.
Real Estate - Mon, February 17, 2025 | 4:57 pm GMT+7
Vietnam plans to increase electricity imports from China, Laos by 2030
The Vietnamese Ministry of Industry and Trade (MoIT) aims to raise electricity imports from China and Laos by 3,000 MW and 2,500 MW by 2030, over 5 times and nearly 1.6 times higher than those stated in the current Power Development Plan VIII (PDP VIII), respectively.
Energy - Mon, February 17, 2025 | 4:14 pm GMT+7
Vietnam urges Turkish contractor to speed up mega Long Thanh airport's terminal construction
Türkiye-based IC ICTAS, the lead contractor of the passenger terminal within the under-construction Long Thanh International Airport, should speed up the construction of the package, said Vietnamese Deputy Prime Minister Tran Hong Ha.
Infrastructure - Mon, February 17, 2025 | 3:27 pm GMT+7
Vietnam tech giant FPT to provide high-quality AI human resources
With the groundbreaking of an inter-level school on Sunday, FPT Corporation is completing its education system from elementary to university levels in the south-central province of Binh Dinh, to provide high-quality human resources, particularly in AI.
Companies - Mon, February 17, 2025 | 11:32 am GMT+7
Japan pneumatics firm SMC to start $330 mln Vietnam expansion from July
SMC Manufacturing Vietnam, under Japanese pneumatic instrument producer SMC, aims to start its $330 million expansion in Vietnam from July.
Industries - Mon, February 17, 2025 | 10:47 am GMT+7
Institutional breakthroughs to provide solid foundation for heightened business confidence: economists
At a meeting of the National Assembly's Economic Committee in early February, the government proposed the 2025 GDP growth be "8% or more", instead of 6.5-7% set last November. The Investor introduces opinions of some leading Vietnamese economists on this proposed target.
Economy - Mon, February 17, 2025 | 8:02 am GMT+7
Vietnam consumer credit enters new growth cycle
After the decrease in consumer capital demand, negative growth, and peaking bad debts in 2023, Vietnam’s consumer financial market is entering a new growth cycle, backed by positive signs from the macroeconomic environment.
Finance - Sun, February 16, 2025 | 3:19 pm GMT+7
Vietnam property investors seek new opportunities in provincial markets
Real estate investors in Vietnam, both individuals and organizations, are shifting their investments from city centers to suburban regions and neighboring provinces where land remains abundant and significant investments are being made in infrastructure, particularly in transportation.
Real Estate - Sun, February 16, 2025 | 2:00 pm GMT+7
