vung ro set to pump up oil refinery investment

Vung Ro set to pump up oil refinery investment

Vung Ro Petroleum last week received an amended investment certificate from the local authorities to increase the investment capital in its oil refinery and petrochemical project from $1.17 to $3.18 billion.
korean steel maker claims staggering losses

Korean steel maker claims staggering losses

Posco VST, a wholly-owned subsidiary of South Korean steel maker Posco Steel, the only stainless steel maker in Vietnam, has suffered accumulated losses of $66.8 million after just over three years in the market.
etihad wings into ho chi minh city

Etihad wings into Ho Chi Minh City

Etihad Airways, the national airline of the United Arab Emirates (UAE), last week launched daily flights to Ho Chi Minh City in an effort to facilitate growing trade and investment partnerships between Vietnam and the UAE. Peter Baumgartner, chief commercial officer of Etihad Airways, spoke to VIR’s Ngoc Linh about the opening of the new route.
anz chief discusses growth strategy

ANZ chief discusses growth strategy

VIR’s Ngoc Linh talked with Philip Chronican, CEO of ANZ Australia, about the global bank’s plans to up their investment into Vietnam due to increased competition from local banks and a desire to reinforce their position in the country.
incentives to stoke landmark project interest

Incentives to stoke landmark project interest

The Vietnamese government and the World Bank are offering preferential incentives as part of efforts to find a second investor for the Dau Giay-Phan Thiet Expressway, the first expressway public-private partnership project in Vietnam.
authorities suspicious of suzuki tax scandal

Authorities suspicious of Suzuki tax scandal

Dong Nai tax authorities are considering opening a tax investigation into Suzuki Vietnam as the company’s continuous losses do not reflect its confident investment attitude.
lgs 15 billion complex licenced

LG’s $1.5 billion complex licenced

South Korea’s LG Electronics today received the investment certificate for its $1.5 billion manufacturing project in the northern Haiphong port city.
health market looks robust

Health market looks robust

The growing demand for healthcare services in Vietnam not only offers big opportunities for healthcare services providers, but also makes the country a profitable market for medical equipment manufacturers.
slew of exhibitions take hanois centre stage

Slew of exhibitions take Hanoi’s centre stage

Four industrial exhibitions kicked off today in Hanoi in a bid to boost the growth of Vietnam’s supporting industries.
vietjetair flying high

VietJetAir flying high

Offering a cheap airfare policy and constant innovation of services, Vietnam’s largest low-cost carrier VietJetAir has been growing rapidly to become the second largest airline in the country, Ngoc Linh writes.
legal framework on casinos eyed

Legal framework on casinos eyed

Law-makers last week advocated the creation of the country’s first legal framework regulating casino businesses, while also outlining restricting certain elements of the sector’s operations.
compal scales back vinh phuc deal

Compal scales back Vinh Phuc deal

Compal and Foxconn have pledged to continue investing in manufacturing and industrial zone projects in the northern province of Vinh Phuc after the provincial leaders said they violated Vietnamese laws by delaying their investment plans for years.
numerical simulation tech promises digital support

Numerical Simulation Tech promises digital support

Numerical Simulation Tech Co., Ltd (NST) is expecting to contribute to the technology industry's development, particularly supporting industries, by providing a computer application that helps companies cut costs and improve product quality. Nobukiko Masuda, sales manager of NST Japan, shares VIR's Ngoc Linh.
licenced gaming tightened

Licenced gaming tightened

After nearly a year in the works, the Vietnamese government has just issued a new decree regulating the operations of electronic gaming service providers thereby creating a comprehensive regulatory framework for the industry in Vietnam.
ppp deal preferred for airport

PPP deal preferred for airport

South Korea’s Joinus Company Ltd has proposed switching from a build-operate-transfer model to a public-private-partnership investment approach for the northern province of Quang Ninh’s Van Don international airport project.