Vietnam, Japan firms to build $1 bln urban area in Binh Duong province
Kim Oanh Group, a local real estate developer, and four Japanese partners will jointly develop the $1-billion The One World urban area in Vietnam’s southern province of Binh Duong.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Int’l agencies outline transition pathways for Vietnam’s coal-fired power plants
International organizations and financiers have gathered in Hanoi to discuss transition options for a number of coal-fired power plants in Vietnam as the country is moving to meet its net-zero emissions target by 2050.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Sumitomo, Vingroup ink green transport development pact
Japanese keiretsu Sumitomo and taxi operator GSM JSC uder Vietnamese conglomerate Vingroup inked a green transportation development agreement on Tuesday to foster carbon neutrality in Vietnam.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Sumitomo-invested $2.58 bln thermal power plant in central Vietnam inaugurated
Van Phong Power Company, a wholly-owned subsidiary of Japanese keiretsu Sumitomo, inaugurated the 1,432 MW Van Phong 1 coal-fired power plant in Vietnam’s central province of Khanh Hoa on Wednesday.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
India’s Adani, Japan’s Sumitomo compete to build $2 bln seaport in central Vietnam
India’s Adani group and Japan’s Sumitomo have expressed their interest in building Danang’s VND48.3 trillion ($1.96 billion) Lien Chieu seaport project, the central city says.
Infrastructure - Mon, Dec 22, 2021 | 11:30 am GMT+7
Sumitomo divests entirely from Vietnam truck trader Truong Long Auto
Tokyo-headquartered Sumitomo Corporation has sold all 840,000 shares, or a 7% stake, in Truong Long Auto & Technology JSC, cutting its holding to zero after nearly 17 years as a shareholder.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Sumitomo-invested 1,432 MW thermal power plant approved for full operation
The 1,432 MW Van Phong 1 coal-fired power plant, invested by Japan’s Sumitomo Corporation, was approved for full commercial operation last week after Deputy Minister of Construction Bui Xuan Dung gave the green light for its second turbine.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
PM Chinh’s Tokyo visit set to trigger new Japan investment wave into Vietnam
A large number of deals signed and high interest shown by Japanese businesses during Prime Minister Pham Minh Chinh’s recent trip to Japan is expected to trigger a new investment wave into Vietnam, said Deputy Minister of Foreign Affairs Do Hung Viet.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Sumitomo plans $500 mln expansion of northern Vietnam industrial park
Japanese conglomerate Sumitomo will invest $500 million in expanding its Thang Long II Industrial Park in the northern province of Hung Yen.
Investing - Mon, Dec 22, 2021 | 11:30 am GMT+7
Japanese giants Tokyo Gas, Marubeni, Aeon Mall announce Vietnam investments
Corporate giants Tokyo Gas, Marubeni and Aeon Mall were among several dozen Japanese firms that announced new and additional investments in Vietnam Saturday.
Industries - 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
Work on $82 mln VSIP industrial park in central Vietnam to begin this month
Construction of the VND2 trillion ($82.4 million) VSIP Quang Tri Industrial Park will begin December 15, according to Quang Tri authorities.
Industrial real estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
State utility EVN to take over 2 thermal power plants after BOT contracts end
Vietnam Electricity (EVN) will take over two thermal power plants in the southern region after their build-operate-transfer (BOT) contracts end in 2024 and 2025.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Sumitomo-BRG joint venture begins work on $4.2 bln Hanoi smart city
A joint venture between Vietnamese conglomerate BRG and Japan’s Sumitomo began work Saturday on the $4.2-billion North Hanoi Smart City project.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietcombank loans $140 mln to Vietnam’s biggest coal-fired power plant
The Khanh Hoa province branch of Vietcombank, the largest lender by market valuation, has signed a short-term credit agreement of $140 million with Van Phong Power Company Limited, the operator of the Van Phong 1 power plant.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Sumitomo plans its fourth northern Vietnam industrial park
Japan’s Sumitomo Corporation is considering building a 300-hectare industrial park in Nam Dinh province, says Akito Shiraishi, general manager of its overseas industrial park department.
Industrial real estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Japan’s Sumitomo to build $400 mln industrial park in Thanh Hoa province
Sumitomo Corporation, a Japanese multi-sector business, plans to invest $400 million in developing a 650-hectare industrial park in the central province of Thanh Hoa.
Industrial real estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Sumitomo-invested 1.32 GW power plant to start operations next August
The 1.32 GW Van Phong 1 coal-fired power plant, invested by Japan’s Sumitomo Corporation, is set to begin commercial operations in August 2023.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Sumitomo subsidiary seeks to up production of automotive wiring
Sumiden Vietnam Automotive Wire Co., a subsidiary of Japanese conglomerate Sumitomo, has asked Hai Duong for an environmental license to expand production in the northern province.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Japanese bank SMBC terminates strategic partnership with Eximbank
Sumitomo Mitsui Banking Corporation, which holds a 15% stake in Eximbank, has terminated its strategic partnership with the Vietnamese bank ahead of time, after 14 years of cooperation, Eximbank's chairwoman said Friday.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
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Korean chaebol SK okayed to study investment in central Vietnam LNG-to-power plant
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