chinese contractors money issues put hanoi metro line on the ice

Chinese contractor’s money issues put Hanoi metro line on the ice

A representative of China Railway 6th Bureau Group, the principal contractor of the Cat Linh-Hadong metro line in Hanoi, attributed the delay in the completion of the project to financial issues.
update on mega foreign invested projects in vietnam

Update on mega foreign invested projects in Vietnam

As of the end of January 2016, there were 20,056 foreign direct investment projects in Vietnam with a total capital sum of $280 billion. Many multinational companies are present and continue to expand their investment in the country.
vietnams sole refinery forced out of business

Vietnam’s sole refinery forced out of business

Dung Quat refinery, Vietnam’s first and only operating refinery, may have to close temporarily because its main products, diesel and Jet A1 fuel, cannot compete with imported counterparts since the tariff on diesel and Jet A1 from ASEAN member states has been eliminated, starting from 2016.
russian joint venture to cut 2000 jobs over five years

Russian joint venture to cut 2,000 jobs over five years

Vietsovpetro is cutting 2,000 jobs over the next five years, according to newswire vneconomy.
japanese company yet to reach agreement with workers over wage

Japanese company yet to reach agreement with workers over wage

Around 3,000 workers of Nissey Vietnam took part in the fifth day of the strike protesting what they called an unliveable wage, according to newswire dantri.com.vn
development partners wish vietnam higher jumps in the year of the monkey

Development partners wish Vietnam higher jumps in the Year of the Monkey

World Bank's country director for Vietnam Victoria Kwakwa, on behalf of development partners of Vietnam, wished Vietnam more success in the new lunar year.
south korean contractor shows signs of possible violation at road project

South Korean contractor shows signs of possible violation at road project

A $27 million road in the central province of Thanh Hoa built by a South Korean contractor using fund borrowed from the South Korean government is in disrepair shortly after construction stopped, according to newswire phapluatplus.vn.
tech ceos most optimistic about expanding

Tech CEOs most optimistic about expanding

Technology is the field with the brightest outlook, with 67 per cent of CEOs expecting to boost headcount in the next 12 months according to PwC’s recently released Annual CEO Survey - ‘Redefining business success in a changing world’.
vietnams 2015 car sales highest ever

Vietnam’s 2015 car sales highest ever

Vietnamese’s demand for cars showed no signs of cooling down as sales numbers broke the record again in 2015.
cong ly starts operation of 99mw wind power plant in bac lieu

Cong Ly starts operation of 99MW wind power plant in Bac Lieu

Cong Ly Construction-Trade-Tourism Co. Ltd. on January 17 started the operation of the 99 megawatt Bac Lieu wind power plant in the southern province of Bac Lieu.
vietnam to sign tpp in february 2016

Vietnam to sign TPP in February 2016

Vietnam is going to sign the Trans-Pacific Partnership (TPP) this coming February, just as Vietnamese negotiators previously agreed with counterparts from the 11 remaining members of the trade pact.
vnexpress names best tech products of 2015

VnExpress names best tech products of 2015

Online newswire VnExpress on January 12 held the ceremony to honour the best tech products of 2015 named Tech Awards 2015.
all nippon airways buys 88 per cent of vietnam airlines

All Nippon Airways buys 8.8 per cent of Vietnam Airlines

Japan’s biggest air transport group All Nippon Airways (ANA) is going to become Vietnam Airlines (VNA)’s strategic partner after buying 8.8 per cent of the latter.
toyota recalls corolla altis vios yaris for faulty power window master switch

Toyota recalls Corolla Altis, Vios, Yaris for faulty power window master switch

Toyota Motor Vietnam Co., Ltd. (TMV) on January 8 announced the start of a recall campaign for the power window master switch on 19,616 vehicles at all Toyota dealers nation-wide.
thai tcc group becomes new owner of metro cash carry vietnam

Thai TCC Group becomes new owner of METRO Cash & Carry Vietnam

Thai company TCC Group, the largest investor in Berli Jucker PCL (BJC), has recently completed the purchase of Metro Cash & Carry Vietnam from German Metro Group.