National University of Singapore launches AI Institute
The National University of Singapore (NUS) made debut its Artificial Intelligence (AI) Institute aimed at fostering research and application of this technology in education, healthcare and finance.
Southeast Asia - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnamese courier, Singapore realty firm ink sorting center pact
Frasers Property Vietnam, subsidiary of Singapore-headquartered Frasers Property, and SPX, a Vietnamese logistics services provider, have agreed to cooperate on setting up an automatic sorting center in Binh Duong province.
Industrial real estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Billionaires to attend central Vietnam investment promotion conference
The central province of Binh Dinh says well known billionaires are among more than 1,000 delegates set to attend its investment promotion conference later this month.
Investing - Mon, Dec 22, 2021 | 11:30 am GMT+7
Dutch high-tech manufacturer VDL ETG to build Vietnam facility
VDL Enabling Technologies Group (VDL ETG), the high-tech manufacturer under Dutch group VDL, will build a facility in Vietnam, targeting delivery of its first products by the end of Q1/2025 or the beginning of Q2.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam's data center infrastructure still in its infancy: Cushman & Wakefield
Despite possessing many advantages, Vietnam is the place with the biggest shortage of data center infrastructure globally in terms of population, write Cushman & Wakefield analysts.
Consulting - Mon, Dec 22, 2021 | 11:30 am GMT+7
VSIP industrial park to break ground in northern Vietnam border province
Authorities are striving to help the 600 hectare, $275 million VSIP Lang Son Industrial Park in the eponymous province, which borders China, kick off construction in April.
Industrial real estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Singapore: 50,000 public servants to undergo training for election
About 50,000 Singaporean public servants are being appointed as election officials and will receive training in April in preparation for the upcoming election in the country to be held no later than November 2025.
Southeast Asia - Mon, Dec 22, 2021 | 11:30 am GMT+7
AG&P LNG acquires 49% stake in Vietnam LNG terminal
Singapore-headquartered AG&P LNG, a subsidiary of the U.S.-based Nebula Energy, has acquired a 49% stake in Cai Mep LNG terminal in the southern province of Ba Ria-Vung Tau.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Singapore to raise retirement, re-employment age in 2026
Singaporean Minister for Manpower Tan See Leng on Monday announced that the country’s retirement and re-employment age will be raised to 64 and 69, respectively, on July 1, 2026.
Southeast Asia - Mon, Dec 22, 2021 | 11:30 am GMT+7
Singaporean government to help Petrovietnam unit’s 1.2 GW electricity export project
The Singaporean government will continue backing PTSC, the technical arm of state-owned Petrovietnam, to deploy a project to export 1.2 GW of offshore wind power from Vietnam to Singapore.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Singapore’s CapitaLand plans 70% growth in Vietnam residential portfolio
CapitaLand Development, the development arm of Singapore-headquartered CapitaLand Group, aims to grow its Vietnam residential portfolio to 27,000 units by 2028, a 70% growth from the current 16,000.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
VSIP Binh Dinh industrial park inaugurated in central Vietnam
The first phase of the $300 million Becamex VSIP Binh Dinh service-urban-industrial complex was inaugurated in the south-central province of Binh Dinh on Monday.
Industrial real estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Singapore trust Mapletree Logistics to spend $51 mln on buying 2 Vietnam properties
Mapletree Logistics Trust, a Singapore-based logistics real estate investment trust, is set to spend SGD68.4 million ($50.9 million) on the acquisitions of two logistics properties in Vietnam.
Industrial real estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
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
Singapore to acquire eight F-35A fighter jets from US
The Republic of Singapore Air Force (RSAF) will acquire eight F-35A fighter aircraft, complementing the previously announced purchase of 12 F-35Bs, Defence Minister Ng Eng Hen said on Wednesday.
Southeast Asia - Mon, Dec 22, 2021 | 11:30 am GMT+7
KinderWorld wins land auction to develop international school in Hai Phong city
Singapore education firm KinderWorld has won an auction for 3.04 hectares of land to build an international school in Le Chan district, the northern Vietnam city of Hai Phong.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Singaporean firms go back on plan to buy more Vinamilk shares
Singapore-based Platinum Victory Pte. Ltd. and F&N Dairy Investments Pte. Ltd. have failed to buy more shares of leading Vietnamese diary firm Vinamilk after registering to do so.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Singapore’s Keppel posts zero 2023 home sales in Vietnam
Keppel Corporation recorded no sales of home units in Vietnam in fiscal year 2023, according to the Singaporean firm’s financial results for the full year ending December 31, 2023.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Clean energy developer Nexif Ratch okayed to survey wind in Binh Dinh province
Vietnam’s central province of Binh Dinh has given Nexif Ratch Energy, a Singapore-based clean energy developer, in-principle approval to conduct wind survey activities onshore.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam spends $1.4 bln on food delivery in 2023, up 30%: Momentum Works
Food delivery services in Vietnam reached a gross merchandise value (GMV) of $1.4 billion in 2023, up 30% year-on-year, according to Singapore-based market researcher Momentum Works.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Singapore’s Jadestone Energy inks gas sales deal with Petrovietnam and its subsidiary
Singapore-headquartered Jadestone Energy, Vietnam’s state-run Petrovietnam and its subsidiary PV Gas have signed a Heads of Agreement (HoA) for gas sales from Nam Du-U Minh gas field.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Banyan Group, Pegasus to develop $75 mln residence project in central Vietnam
Singaporean hospitality business Banyan Group and Vietnam's Pegasus Binh Dinh Investment and Consultancy JSC have signed a royalty agreement to operate Dhawa Residences Beachfront Quy Nhon in Binh Dinh province.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam economy could grow 6% in 2024 as exports, manufacturing improve: UOB exec
Vietnam could reach GDP growth of 6% in 2024 and over 6% in 2025 as exports and manufacturing continue to improve, but these figures are still comparatively low given that the country's economic expansion was 7-8% before the pandemic, said Suan Teck Kin, executive director at UOB Global Economics & Market Research.
A year in review and 2024 forecasts - Mon, Dec 22, 2021 | 11:30 am GMT+7
Singapore-invested firm to build $4.3 mln wastewater treatment factory in southern Vietnam
Koastal Eco Industries Co., Ltd., under Singapore’s Koastal Group, has signed an EPC (engineering, procurement and construction) contract to build a $4.3-million wastewater treatment plant in Vietnam’s southern province of Tay Ninh.
Industrial real estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Singapore, China firms seek stakes in central Vietnam solar, wind power projects
Quang Tri is collecting feedback on proposals by several firms from Singapore, Taiwan and mainland China for buying solar and wind power projects in the central province.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Clean energy developer Nexif Ratch acquires 30 MW hydropower plant in Vietnam
Nexif Ratch Energy, a Singapore-based clean energy developer, has completed the acquisition of the 30-MW Minh Luong hydropower plant in Vietnam’s northern province of Lao Cai.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam holds its own in challenging 2023 with more highs than lows
Vietnam showcased impressive resilience in the face of numerous challenges faced in 2023, recording several economic and diplomatic highs and some lows. The Investor looks back.
A year in review and 2024 forecasts - Mon, Dec 22, 2021 | 11:30 am GMT+7
Japan’s Daiwa House to spend $20 mln on acquiring cold storage facility in southern Vietnam
Daiwa House Industry Co., Ltd., one of the biggest real estate development companies in Japan, will spend VND483 billion ($19.9 million) on acquiring D Project Tan Duc 2, a cold storage facility in Vietnam’s Mekong Delta province of Long An.
Industrial real estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Sembcorp receives investment license for VSIP facility in central Vietnam
Vietnam-Singapore Industrial Park J.V. Co. Ltd. (VSIP), a joint venture between Vietnam’s real estate developer Becamex and Singapore’s Sembcorp, has received an investment certificate for VSIP Ha Tinh Industrial Park.
Industrial real estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
2023: energy, electronics sectors shine bright as Vietnam attracts huge foreign investments
Energy and electronics sectors hogged the limelight as registered foreign direct investment (FDI) in Vietnam reached $36.6 billion this year through December 20, up 32.1% year-on-year.
A year in review and 2024 forecasts - Mon, Dec 22, 2021 | 11:30 am GMT+7
$154 mln second VSIP Industrial Park in Quang Ngai province approved
Deputy Prime Minister Tran Luu Quang has approved the first phase investment of VSIP II Industrial Park in Dung Quat Economic Zone, Vietnam's central province of Quang Ngai, with an investment of VND3,737 billion ($154 million).
Industrial real estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam-Singapore joint venture plans industrial parks in Dong Nai, Khanh Hoa provinces
Vietnam-Singapore Industrial Park J.V. Co. Ltd. (VSIP), a joint venture between Vietnam’s real estate developer Becamex and Singapore’s Sembcorp, plans projects in Dong Nai and Khanh Hoa provinces.
Industrial real estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam-Singapore joint venture plans new 500-hectare industrial park
Vietnam-Singapore Industrial Park J.V. Co. Ltd. (VSIP) has proposed that it builds a new industrial park in the central province of Thua Thien-Hue, covering 500 hectares in the first phase.
Industrial real estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Construction of $82-mln VSIP industrial park in central Vietnam begins
The construction of Quang Tri Industrial Park, also known as VSIP Quang Tri, in the central province of Quang Tri began on Friday.
Industrial real estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Singapore’s Boustead Projects set to acquire Vietnamese industrial developer for $11 mln
Boustead Projects Limited, a Singapore-based provider of innovative eco-sustainable real estate solutions, has announced an agreement to acquire Vietnamese firm Minh Quang Industrial Development JSC for VND261.9 billion ($10.8 million).
Industrial real estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
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