AEON pours US$1.2 billion into Vietnam
HCMC – Vietnam has received the largest investment from AEON till now, according to AEON president Akio Yoshida. The above information was given by Yoshida during his meeting with Prime Minister Pham Minh Chinh on May 20 on the occasion of PM Chinh’s attendance in G-7 Summit in Hiroshima, Japan.
Stavian Quang Yen Petrochemical plant project has FEED contractor
HCMC – Stavian Quang Yen Petrochemical and Tecnimont have signed a front-end engineering design (FEED) service contract for the Stavian Quang Yen Petrochemical Plant project today, May 18. Tecnimont S.p.A, a subsidiary of the Italian engineering group Maire, will provide the FEED services package
Apple's top partner invests in a $100 million project in Nghe An, Vietnam
The Management Board of Southeast Economic Zone has just granted an investment registration certificate to investor Foxconn Interconnect Technology PTE.LTD (Foxconn Group) to implement the project of Fu Wing Interconnect Technology Co., Ltd. (Nghe An).
HCMC disburses VND8,200 billion in public investment capital
HCMC – HCMC had disbursed VND8,236 billion in public investment capital in the year to May 12, representing 20% of the full-year target set by the city government. In the first four months of the year, the city’s total disbursements were VND2,511 billion, accounting for 6% of the city’s 2023 plan
HCMC wants to speed up public investment disbursement
HCMC – Nguyen Thi Le, chairwoman of the HCMC People’s Council, has urged the relevant agencies to expedite the disbursement of public investment capital as the city saw a lower-than-expected disbursement rate in the year to April. Only VND147 billion in public investment capital for the city’s
Green economy attracts huge investments
HCMC – Domestic and foreign-invested companies have poured US$9 billion into Vietnam’s green economy, making up almost 2% of the country’s gross domestic product, according to the Ministry of Planning and Investment. Green economy investments have expanded by 10-13% year-on-year since 2021, said
New FDI approvals down in Jan-Apr
HCMC – Fresh foreign direct investment (FDI) approvals nationwide in the year to April 20 had reached nearly US$8.9 billion, down 17.9% against the year-ago period, according to the Foreign Investment Agency at the Ministry of Planning and Investment. There were 750 new FDI projects registered
FPT Telecom wants to spend 87 million USD to invest in undersea fiber optic cable
FPT Telecom is expected to participate in the ALC undersea cable with a total investment of 87 million USD, of which 30% is equity.
Da Nang cancels suspended projects to attract investors: Land reservation in focus
According to the Management Board of Da Nang Hi-tech Parks and Industrial Parks, for projects that are slow to implement, the project's withdrawal will have to comply with regulations fixed and will take time. However, the unit will try to speed up the recovery of unfeasible projects to have more
EU-invested expansion projects suspended over green energy standards
HCMC – Several EU investment projects in Vietnam have put their expansion plans on hold as the country does not meet green energy standards, heard at a conference between Prime Minister Pham Minh Chinh and foreign investors. The conference was chaired by PM Chinh at the Government Office this
FDI businesses keen on hi-tech agriculture, renewable energy
HCMC – Foreign direct investment (FDI) businesses have shown interest in hi-tech agriculture, tourism, renewable energy, and smart city projects, heard a recent talk show on investor networking. At the talk show held by the Investment Promotion Center – South Vietnam (IPCS), a unit of the Ministry
Khanh Hoa attracts big projects in sea tourism and service sector
HCMC – The south-central coastal province of Khanh Hoa has issued investment certificates and decisions on investment increases for projects with total pledged capital of over VND31,200 billion, reported the local media. At a conference to announce the master plan and investment promotion of Khanh