Petrovietnam Gas aims to supply $2 bln LNG power plant in northern Vietnam

Petrovietnam Gas aims to supply $2 bln LNG power plant in northern Vietnam

PV Gas, a subsidiary of state-owned Petrovietnam, aims to supply LNG to the $2-billion Thai Binh LNG-to-power plant project in the northern province of Thai Binh, the firm told provincial authorities on Tuesday.

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

WB estimates $25 bln foreign investment after Vietnam stock market upgrade

WB estimates $25 bln foreign investment after Vietnam stock market upgrade

Vietnam’s stock market status upgrade from “frontier” to “emerging” by global index providers FTSE Russell and MSCI can attract international investments of $25 billion by 2030, the World Bank estimates.

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

Misinformation a bane for Vietnam stock market investors: broker

Misinformation a bane for Vietnam stock market investors: broker

Stock market investors in Vietnam closely follow official media and any misinformation it carries can badly hurt the market, says Nguyen Duy Hung, chairman of SSI Securities.

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

US First Solar plans to invest $943 mln to increase output of Vietnam plant

US First Solar plans to invest $943 mln to increase output of Vietnam plant

First Solar, an American manufacturer of solar panels, plans to invest VND23.9 trillion ($942.5 million) to increase the capacity of its factory in Ho Chi Minh City.

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

Pizza 4P’s makes $4.6 mln after-tax profit in 2023, up 38%

Pizza 4P’s makes $4.6 mln after-tax profit in 2023, up 38%

Pizza 4P's, a popular Vietnam-based pizza chain, earned post-tax profits of VND115.3 billion ($4.58 million) in 2023, up 38% year-on-year.

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

Warburg Pincus to invest in Xuyen A hospital chain in Vietnam

Warburg Pincus to invest in Xuyen A hospital chain in Vietnam

Warburg Pincus, one of the leading U.S. investment funds, will invest in Xuyen A, a major private hospital chain in Vietnam.

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

Korean chaebol SK okayed to study investment in central Vietnam LNG-to-power plant

Korean chaebol SK okayed to study investment in central Vietnam LNG-to-power plant

Quang Tri's Department of Planning and Investment has agreed to let a South Korea-Vietnam joint venture study the feasibility of an LNG-fired thermal plant project in the central province.

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

Vietnamese securities firms reap profits on stock market rallies

Vietnamese securities firms reap profits on stock market rallies

A chorus of Vietnamese securities firms have announced impressive profit estimates for the first quarter of this year, thanks to positive market developments.

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

Swire Coca-Cola earns 2023 profit of $44 mln in Vietnam

Swire Coca-Cola earns 2023 profit of $44 mln in Vietnam

Swire Coca-Cola, the beverage division under Hong Kong-based Swire Pacific, earned a revenue of KHD3,734 million ($476.4 million) in Vietnam in 2023, the parent firm said in its annual report.

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

CS Wind’s Vietnam unit to deliver wind turbines to South Korea project

CS Wind’s Vietnam unit to deliver wind turbines to South Korea project

CS Wind Vietnam, a unit of South Korea’s CS Wind Corporation, has held a ceremony for delivery of first wind turbines from its factory in Vietnam’s southern province of Ba Ria-Vung Tau to South Korea’s southwestern province of Jeonnam.

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

Prudential Vietnam profit falls 14% to $124 mln in 2023

Prudential Vietnam profit falls 14% to $124 mln in 2023

Life insurer Prudential Vietnam recorded post-tax profits of VND3,113.9 billion ($124.4 million) in 2023, down 14.4% year-on-year, according to the firm’s financial statements.

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

VinFast begins sales of VF DrgnFly electric bike in United States

VinFast begins sales of VF DrgnFly electric bike in United States

VinFast, the electric vehicle (EV) arm of Vietnamese conglomerate Vingroup, will begin selling its VF DrgnFly electric bike in the U.S. later this month, with a listed price of $2,599, the EV maker said Friday.

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

Viettel, Singtel to build cable linking Vietnam, Singapore, towards operation in 2027

Viettel, Singtel to build cable linking Vietnam, Singapore, towards operation in 2027

Viettel and Singtel, two telecommunications giants of Vietnam and Singapore, will jointly build the Vietnam-Singapore submarine cable system, connecting Vietnam to the city-state, a major digital hub of Asia.

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

Multinational home tool firm Techtronic to invest $650 mln in Vietnam

Multinational home tool firm Techtronic to invest $650 mln in Vietnam

Techtronic Tools (Vietnam) Company Limited under Hong Kong-headquartered multinational firm Techtronic plans to invest $650 million in Ho Chi Minh City, the southern economic hub of Vietnam.

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

PV Gas to supply LNG for power production

PV Gas to supply LNG for power production

PV Gas, a subsidiary of state-owned Petrovietnam, is set to supply 70,000 tons of LNG to state utility Vietnam Electricity (EVN) for power production, starting mid-April, PV Gas said Tuesday.

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

ADB retains Vietnam's GDP growth forecast at 6% for 2024

ADB retains Vietnam's GDP growth forecast at 6% for 2024

The Asian Development Bank (ADB) has retained Vietnam's economic growth forecast this year at 6%, the bank said in its April 2024 edition of the Asian Development Outlook (ADO).

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

Vietnam GDP growth forecast at 6% in 2024, third highest in ASEAN: research unit AMRO

Vietnam GDP growth forecast at 6% in 2024, third highest in ASEAN: research unit AMRO

Vietnam’s GDP growth could reach 6% in 2024 and 6.5% in 2025, higher than the 5.1% posted in 2023, according the ASEAN+3 Macroeconomic Research Office (AMRO).

A year in review and 2024 forecasts - Mon, Dec 22, 2021 | 11:30 am GMT+7

Keppel expands energy-as-a-service presence in Vietnam

Keppel expands energy-as-a-service presence in Vietnam

Singapore-headquartered conglomerate Keppel has reached an in-principle agreement with local firm KDI Holdings for the former to provide energy-as-a-service (EaaS) solutions to Libera Nha Trang, a major real estate complex in Vietnam's central province of Khanh Hoa.

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

Vietnam facilitates self-application for all visa categories

Vietnam facilitates self-application for all visa categories

Foreigners can now apply on their own for all visa categories at the https://evisa.immigration.gov.vn website without guarantees, invitations etc. from Vietnamese organizations or individuals.

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

Taiwan firms see Vietnam as crucial link in supply chain shift to Southeast Asia

Taiwan firms see Vietnam as crucial link in supply chain shift to Southeast Asia

Taiwanese businesses have recognized Vietnam as a crucial link in their supply chain shift to Southeast Asia, said CY Huang, founder of the Southeast-Asia Impact Alliance (SIA).

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

Hackers looking to profit from cyberattacks on banking-finance institutions: experts

Hackers looking to profit from cyberattacks on banking-finance institutions: experts

Motivation for cyberattacks have shifted from fame or notoriety, to make money, as exemplified by the recent ransomware attack against leading Vietnamese broker VNDirect Securities, experts said Tuesday.

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

Suntory PepsiCo begins work on sixth Vietnam factory

Suntory PepsiCo begins work on sixth Vietnam factory

Suntory PepsiCo Vietnam Beverage, a joint venture between Japan-based Suntory and U.S.-based PepsiCo, began building a $300-million factory in the southern Vietnam province of Long An on Monday.

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

Russia's Zarubezhneft eyes Vietnam offshore wind power projects

Russia's Zarubezhneft eyes Vietnam offshore wind power projects

Russian oil-gas giant Zarubezhneft is looking to expand its operations in Vietnam to offshore wind power projects, general director Sergey Ivanovich Kudryashov told Prime Minister Pham Minh Chinh Monday.

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

CIMB Bank Vietnam posts $3.4 mln loss in 2023

CIMB Bank Vietnam posts $3.4 mln loss in 2023

CIMB Bank Vietnam, under Malaysia-headquartered CIMB bank, reduced its post-tax loss by 60.6% year-on-year to VND85.9 billion ($3.44 million) in 2023.

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

EuroCham Vietnam's quarterly business confidence index rises for third time in a row

EuroCham Vietnam's quarterly business confidence index rises for third time in a row

EuroCham’s Business Confidence Index (BCI) for Vietnam rose for the third time in a row to 52.8 in the first quarter of 2024, the highest level since Q3/2022, which indicates optimism in the national economy.

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

Vietnam ranks second among 'promising' countries for Japanese manufacturers: JBIC

Vietnam ranks second among 'promising' countries for Japanese manufacturers: JBIC

Vietnam has been ranked second among the most "promising" countries for overseas business over the medium-term (next three years), according to a survey conducted by the Japan Bank for International Cooperation (JBIC) among Japanese manufacturers.

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

Central Vietnam province greenlights $280 mln Vietnam-Singapore industrial park

Central Vietnam province greenlights $280 mln Vietnam-Singapore industrial park

The Vietnam-Singapore Industrial Park JV Co. Ltd. (VSIP) received an in-principle nod from Thua Thien-Hue province Saturday to build a VND7 trillion ($280.4 million) VSIP industrial park.

Industrial real estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam mining group builds 110 MW coal-fired power plant in Lang Son province

Vietnam mining group builds 110 MW coal-fired power plant in Lang Son province

Vietnam’s national mining group Vinacomin kicked off construction Friday of the 110 MW Na Duong II coal-fired power plant in the northern mountainous province of Lang Son.

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

Thai retail giant Central Retail posts 2023 revenue of $1.35 bln in Vietnam

Thai retail giant Central Retail posts 2023 revenue of $1.35 bln in Vietnam

Thai retailer Central Retail recorded revenue of THB49,330 million ($1.35 billion) from its Vietnam business in 2023, down 7.6% year-on-year, according to the firm’s consolidated financial statements.

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

Singapore's KinderWorld begins building int'l school in northern Vietnam port city

Singapore's KinderWorld begins building int'l school in northern Vietnam port city

Singapore-headquartered KinderWorld International Group (KinderWorld) begun construction Friday of the three-hectare Singapore International School (SIS) in the northern port city of Hai Phong.

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

Vietnam-China joint venture to build $800 mln automobile factory

Vietnam-China joint venture to build $800 mln automobile factory

Vietnamese conglomerate Geleximco and Omoda & Jaecoo Automobile, a subsidiary of Chinese state-owned automaker Chery Automobile, will jointly build an $800-million automobile factory in Vietnam's northern province of Thai Binh.

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

LS Eco Energy to help Vietnam commercialize superconducting cable

LS Eco Energy to help Vietnam commercialize superconducting cable

LS Eco Energy, a subsidiary of South Korean chaebol LS Group, will cooperate with Vietnam on commercializing superconducting cables that can be connected to the national power grid.

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

Hyosung T&C invests $118 mln in Vietnam nylon business

Hyosung T&C invests $118 mln in Vietnam nylon business

Hyosung T&C, the spandex arm of South Korean chaebol Hyosung, will invest $118.2 million to acquire 100% ownership of Vietnam-based Hyosung DongNai Nylon Co., Ltd., a fiber producer.

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

Apple supplier Inventec receives land for $200 mln Hanoi project

Apple supplier Inventec receives land for $200 mln Hanoi project

Taiwan-based Inventec, an Apple supplier, received the first land lots Monday for a $200 million, 50-hectare project in Hanoi.

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

USD rate passes VND25,000 milestone at top Vietnam lender Vietcombank

USD rate passes VND25,000 milestone at top Vietnam lender Vietcombank

Vietcombank, the largest Vietnamese lender by market capitalization and foreign exchange transactions, increased its USD buying and selling rates to VND24,790 and VND25,130 Wednesday afternoon.

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