Hospital plan looks in better health

Korean investor Yukjin is no longer the investor behind a Hanoi-based project to create South East Asia’s largest hospital.

Charm Engineering expands investment in Vietnam

South Korea’s Charm Engineering Group has chosen Posco E&C to implement the first phase of its Charm Plaza project in the southern Binh Duong province’s Di An district.
petrovietnam reshuffles its deck

PetroVietnam reshuffles its deck

PetroVietnam is to sell a 10 per cent stake in an affiliate to Huyndai. PetroVietnam’s chairman Dinh La Thang recently announced that the group wanted to sell a 10 per cent stake in PetroVietnam Construction Corporation (PVC) to the South Korean firm.

Green light for local real estate market

A new wave of foreign investment is expected to flow into Vietnam during 2010’s fourth quarter. “If it is yellow light for China, green light for South Korea, the signal for Vietnam at the moment is green,” Bromme H. Cole, managing partner of the US-based Hampton/Hoerter LLC told VIR at the Vietnam Investment Summit in Ho Chi Minh City.
firms vision of hanoi held up to light for further scrutiny

Firms’ vision of Hanoi held up to light for further scrutiny

Consortiums from the United States, Japan, the Netherlands and South Korea are pushing their vision of Hanoi as a modern metropolitan.
shipbuilder backs out of steel project

Shipbuilder backs out of steel project

Vinashin’s withdrawal from Posco Group’s mammoth steel project has left the South Korean partner in a tricky position.
north an khanh right on track

North An Khanh right on track

The South Korean developer of the North An Khanh development in Ha Tay province has confirmed the ambitious $2 billion project is right on track.

GS E&C triumphs with deal

Korea’s GS Engineering&Construction Corporation has got the green light to build a key expressway and large-scale township projects in Ho Chi Minh City after three years negotiations.
kumho asianas big plans

Kumho Asiana’s big plans

Kumho Asiana hopes to become Korea’s largest investor in Vietnam with total investment capital of $8 billion. The new figure is double the amount revealed by Kumho Asiana chairman Park Sam Koo in July.
angry residents taking aim at daewon hoan cau

Angry residents taking aim at Daewon-Hoan Cau

Local people are outraged that the construction of 200 apartments by the joint venture between South Korea’s Daewon and Hoan Cau has caused structural damage to their properties.
lotte group lifts curtain on 2bn development

Lotte Group lifts curtain on $2bn development

Lotte Group, the fifth largest company in South Korea, is seeking approval to develop two large property projects in Ho Chi Minh City said to be even larger than Seoul’s Lotte World recreation complex.
horse racing project still coming up lame

Horse racing project still coming up lame

Plans to develop a new horseracing track in Vietnam’s northern Vinh Phuc province have hit more hurdles. Confusion about laws governing ‘sensitive’ betting services have further delayed plans for the South Korean-owned sports facility.

The right time to buy into Vietnam

Favourable conditions mean now is a good time to buy Vietnamese stocks. James Sang-ho Ryu, CEO and president of Korea Investment & Securities Co (KIS) believes Vietnam’s stock market was offering some good deals even cheaper than China.

Big banks short changed

Giant global banks, such as HSBC and Standard Chartered Bank, may have to wait at least one more year to open their wholly-owned subsidiaries in Vietnam, while those from South Korea, Russia and Taiwan may get in sooner.

South Korea lines up IZ in Bac Giang province

Property group Korea Land Corporation is making moves to set up the Viet Han industrial zone to accommodate South Korean manufacturing factories in Bac Giang province, 50 kilometers from Hanoi.