Vietnamese corporations to deploy major projects in Danang
Representatives of prominent Vietnamese corporates Sun Group, BRG and FPT said Friday that they will carry out large projects in the central city of Danang this year.
They shared this information with Danang Chairman Le Trung Chinh when he paid Lunar New Year visits to subsidiaries of the three corporations.

Danang Chairman Le Trung Chinh addresses executives of FPT Software during a Lunar New Year visit, February 16, 2024. Photo by The Investor/Thanh Van.
Nguyen Tuan Phuong, chairman of FPT Software in the central Vietnam region, said its subsidiary in Danang employs 8,000 people who work on information technology research and development projects. The software giant plans to open a new facility in 2024 to create working space for developing information technology resources in the central region, specifically Danang, he said.
FPT will open a Center for Research and Development of Technology Products to develop semiconductor industry resources, Phuong said.
The corporation desired to work with Danang in making information technology a vital industry, contributing to the city’s overall growth, he added.
Phan Duong Hung Duy, a representative of FPT City, confirmed that the entity would begin construction of the FPT Plaza 3 building on February 24. The building would have around 800 apartments to accommodate FPT employees, he said.
Danang Chairman Chinh commended FPT for playing a significant part in the city’s growth in recent years by laying the groundwork for information technology development. The software giant promotes the development of smart cities and is a leader in semiconductor technology, he said.
Nguyen Van Binh, chairman of the central region for Sun Group, said its subsidiaries have been making progress in Danang. The group welcomed and served over 85,000 people during the seven days of the Lunar New Year holiday, he said.
Binh also said that in addition to current projects, Sun Group plans to deploy other multi-sector projects in the city this year, including the Fireworks Complex, Ocean Park and a tourism training school.
"With these projects, we hope to not only contribute to making Danang an attractive destination on the world tourism map, but also improve the lives of people through job creation and social security programs," Binh said.
Nguyen Hung Anh, branch director of BRG Group in Danang, stated that during the Lunar New Year, both the BRG Golf Course and the Sheraton Hotel were crowded, particularly the latter, which, despite being away from the downtown area, saw a 60% occupancy.
He said the group’s subsidiaries in Danang fulfilled their production and commercial targets last year. "This year, BRG will continue to accelerate implementation of projects, especially key ones like the BRG Danang Golf Resort Complex," he added.
- Read More
While the buzz around a market upgrade is back, who is this milestone for?
A key issue for the Vietnamese stock market is the underdevelopment of the institutional investor base. The dominance of retail investors can create heightened volatility, which, in turn, reduces the incentive for high-quality companies to list on the stock exchange, writes Gary Harron, head of securities services at HSBC Vietnam.
Consulting - Fri, March 28, 2025 | 10:31 am GMT+7
Vietnam's private lender VIB seeks strategic shareholders: chairman
Vietnam International Bank's (VIB) board of directors is now in discussions with banks and investment funds to find suitable partners for the lender, ensuring a mutually beneficial partnership that goes beyond finance.
Banking - Fri, March 28, 2025 | 8:31 am GMT+7
Vietnam tech giant FPT opens semiconductor R&D center in central Vietnam
Vietnam’s leading tech group FPT on Thursday inaugurated its high-tech and semiconductor R&D center at the Danang Software Park No. 2 in the central city of Danang.
Industries - Fri, March 28, 2025 | 8:00 am GMT+7
HCMC's international financial center development to be phased out: city leader
Ho Chi Minh City aims to become an international financial center, with related development plan divided into three phases, said Vo Van Hoan, its Vice Chairman.
Economy - Thu, March 27, 2025 | 11:11 pm GMT+7
Car producers in Thailand postpone export models
Car manufacturers in Thailand have decided to delay making some models for export due to U.S. President Donald Trump's new tariff policy.
Southeast Asia - Thu, March 27, 2025 | 10:17 pm GMT+7
Indonesia approves $7 bln budget for food security in 2025
Indonesia’s Ministry of Finance on Wednesday announced that the government has approved a budget of IRD118 trillion ($7.1 billion) for food security programs in 2025.
Southeast Asia - Thu, March 27, 2025 | 10:14 pm GMT+7
Honda Vietnam rolls out first domestically produced electric scooter
Honda Vietnam has officially launched its first domestically produced electric scooter, the ICON e:, marking a significant step in the company’s electrification and sustainable mobility strategy in Vietnam.
Southeast Asia - Thu, March 27, 2025 | 10:09 pm GMT+7
Vietnam's Quang Ngai seaport system requires over $420 mln investment by 2030
The seaport system in the central Vietnam province of Quang Ngai will need about VND10.83 trillion ($423.54 million) in investment by 2030, according to the detailed 2021-2030 development plan for local seaport land and water areas, with a vision to 2050.
Southeast Asia - Thu, March 27, 2025 | 10:06 pm GMT+7
Leading steelmaker Hoa Phat targets record revenue on partial operation of central Vietnam plant
Hoa Phat Group, Vietnam’s top steelmaker, targets a record-high revenue in 2025, driven by the expected partial operation of a steel and iron complex in the central region this year.
Companies - Thu, March 27, 2025 | 8:10 pm GMT+7
Offshore wind power developer CIP seeks long-term cooperation with Vietnam
Copenhagen Infrastructure Partners (CIP), a major Danish renewable energy developer, is seeking to reach long-term cooperation with Vietnamese businesses in the offshore wind power sector.
Energy - Thu, March 27, 2025 | 4:16 pm GMT+7
Vietnam giant VinFast moves to expand EV service in Philippines
VinFast, Vietnam’s largest electric vehicle (EV) manufacturer, has partnered with MGA.414 Corporation, the operator of the JIGA automotive service chain, to expand its EV service network in the Philippines.
Southeast Asia - Thu, March 27, 2025 | 3:48 pm GMT+7
Vietnam's MobiFone officially launches 5G services
MobiFone, one of Vietnam’s leading telecommunications providers, has officially commercialized its 5G services, becoming the third network operator in the country to do so.
Southeast Asia - Thu, March 27, 2025 | 3:45 pm GMT+7
Thanh Cong Group inaugurates first automobile manufacturing plant in Vietnam's Quang Ninh province
Vietnamese automaker Thanh Cong Group officially inaugurated its Thanh Cong Viet Hung automobile manufacturing plant on Wednesday at the Viet Hung Industrial Park in the northern province of Quang Ninh.
Southeast Asia - Thu, March 27, 2025 | 3:32 pm GMT+7
Vietnam willing to open doors to US agricultural products: minister
Vietnam is actively preparing to open its market to U.S. agricultural products such as tangerine, plum, and lemon, Vietnamese Minister of Agriculture and Environment Do Duc Duy said on Wednesday.
Economy - Thu, March 27, 2025 | 3:08 pm GMT+7
S Korea chaebol Lotte eyes hypermarket in northern Vietnam
South Korean conglomerate Lotte is eyeing projects in Thai Nguyen province, an industrial hub in northern Vietnam, firstly a hypermarket.
Industries - Thu, March 27, 2025 | 12:15 pm GMT+7
Dubai-based PDSI eyes $2.6 bln investment in tourism-golf course project in central Vietnam
PDSI Group, a Dubai-based real estate and consulting firm, has expressed interest in developing a $2.6 billion commercial, tourism, and golf course complex in Binh Thuan, a south-central coastal province of Vietnam.
Real Estate - Thu, March 27, 2025 | 11:38 am GMT+7