Latest blog articles
Japan’s Orix to invest in Vietnam's hydropower market: report
Japan’s leasing firm Orix will invest in Vietnam's Bitexco Power in mid-September as it seeks to tap growing electricity demand in the Southeast Asian country, Nikkei Asian Review reported Thursday.
The Japanese company will take an over 10 percent joint stake in Bitexco with Singapore's United Overseas Bank in a deal expected to be worth tens of millions of dollars, the website said.
In addition to gaining representation on the Vietnamese company's board, the partners will offer advice on business operations, it said.
Vietnam is on course to have an installed capacity of 75,000 MW by 2020, 46.8 percent of it from coal plants, 24 percent from gas plants and 19.6 percent from hydropower plants.
Renewables will make up 4.5 percent and nuclear power plants, 2.1 percent.
Bitexco has invested in 11 hydropower plants in Vietnam that have a combined generation capacity of nearly 700 megawatts, according to the company's website.
Over 6,000 Japanese firms explore investment in HCM City
Seventy-seven businesses were established after the meetings, JETRO chief representative in HCM City Koji Yamamoto told Vice Chairman of the municipal People’s Committee Le Thanh Liem during a recent meeting in the city on April 18. Most of the investment projects are being carried out in southern provinces, he said. According to the municipal Department of Planning and Investment, Japan ranked fourth among foreign investors in HCM City in the first quarter of 2017 with nearly 1,000 projects.… chat_bubble_outline Read More...
Kerry, UK foreign secretary host meeting on Libya
LONDON (AP) — U.S. Secretary of State John Kerry and British Foreign Secretary Boris Johnson are hosting a meeting in London which hopes to break Libya's political stalemate and resolve its acute cash shortage.Monday' session comes after the U.N.-backed Libyan government's failure to win legitimacy — or to function at all — amid deep political fragmentation.Kerry and Johnson are joined by designated Prime Minister Fayez Serraj and other diplomats. The ministerial meeting is designed to deal… chat_bubble_outline Read More...
Securities trading codes to foreign investors on the rise
The number of trading codes registered by foreign investors in Vietnam's stock market continues to rise, according to the latest official figures from the Vietnam Securities Depository (VSD). There were 214 new trading codes issued to foreigners in November alone of which 43 were to institutions and 171 to individuals, according to the VSD. So far to date, the total number of trading codes given to foreign investors is 20,107 (3,244 institutions and 16,863 individuals).In November alone, the… chat_bubble_outline Read More...
US indexes turn higher, helped by phone company stocks
NEW YORK (AP) — Stocks turned slightly higher in mid-afternoon trading Tuesday, helped by shares of telecommunications companies such as Verizon and AT&T, while the rest of the market remained mostly flat. The upturn put the Dow Jones industrial average rose on track for another record high close.KEEPING SCORE: The Dow rose 17 points, or 0.1 percent, to 19,234 as of 2 p.m. Eastern. The Standard & Poor's 500 index rose five points, or 0.2 percent, to 2,209 and the Nasdaq composite rose 13… chat_bubble_outline Read More...
Thomson and First Choice add Vietnam to long— haul programme
Thomson and First Choice are to introduce Vietnam to its winter 2017 programme. The Caribbean islands of St Lucia and Cayo Santa Maria in Cuba, which were new additions to its summer 2017 programme, will also be extended into the winter season. The move is part of continued interest in long haul destinations and builds on the 350 per cent increase in long haul holidays over a ten year period that the brands revealed last year. The stunning beach island of Phu Quoc, off the coast of Vietnam,… chat_bubble_outline Read More...