vietnam sets up special working group to ride wave of investment relocation

Vietnam sets up special working group to ride wave of investment relocation

The special working group would create an impetus for the formulation of new policies in order to catch the investment capital inflows early from multinational groups, which are diversifying investment locations and repositioning manufacturing facilities after the COVID-19 pandemic.
fate of five of 12 loss making projects uncertain with epc contractors out of reach

Fate of five of 12 loss-making projects uncertain with EPC contractors out of reach

The fate of five of the 12 notorious loss-making projects, which have disputes over engineering, procurement, and construction (EPC) contracts, remain uncertain because taking Chinese contractors to the court is impossible.
gelex gives up logistics core to widen foothold in industrial park development

Gelex gives up logistics core to widen foothold in industrial park development

Gelex will give up logistics, which is one of its four core business sectors, and divest from Dong Nai Port JSC to wade deeper into industrial park development.
construction of expanded hoa binh hydropower plant to kick off in october 2020

Construction of expanded Hoa Binh Hydropower Plant to kick off in October 2020

The extended Hoa Binh Hydropower Plant, which is expected to break ground in October 2020, is considered the largest power project to be constructed this year.
long an 1 and 2 thermal power plants to switch to lng model

Long An 1 and 2 thermal power plants to switch to LNG model

Long An 1 and 2 thermal power plants located in Long An power centre are looking for the approval to switch from coal to liquefied natural gas (LNG) in order to decrease their environmental impact.
dohwa set deadline to complete two delayed projects by december

Dohwa set deadline to complete two delayed projects by December

Quang Binh People’s Committee asked Dohwa Engineering Co., Ltd. from South Korea to build a specific construction plan for its two delayed projects in order to take them into operation in this December. However, it remains a question whether the investor can keep to the deadline.
pre feasibility report of 17 billion metro line 5 in ho chi minh city awaits approval

Pre-feasibility report of $1.7 billion Metro Line 5 in Ho Chi Minh City awaits approval

The construction of the first phase of Metro Line 5 connecting Bay Hien Crossroad to Saigon Bridge is expected to start in 2025 with the total investment cost of VND39 trillion ($1.7 billion).
petrovietnam proposal to stop importing petroleum refused

PetroVietnam proposal to stop importing petroleum refused

The proposal to either stop or suspend petroleum imports lodged by PetroVietnam was refused as it would impact petroleum importers as well as violate Vietnam's free trade agreement and WTO commitments.
vingroup wants to develop 1100 hectare vinpearl safari project in halong

Vingroup wants to develop 1,100 hectare Vinpearl Safari project in Halong

Once the proposal is approved, Vingroup will develop Vinpearl Safari nature conservation and ecotourism area in Halong city, Quang Ninh province, marking its second safari area in Vietnam.
prudential vietnam launches pulse by prudential

Prudential Vietnam launches Pulse by Prudential

Using AI-powered self-help tools and real-time information, Pulse by Prudential serves as a 24/7 smart health assistant for users, empowering them to take control of their personal health and wellbeing anytime, anywhere.
ho chi minh city looking to secure multi billion dollar metro project

Ho Chi Minh City looking to secure multi-billion-dollar metro project

Ho Chi Minh City is seeking the prime minister's approval for the project to build Metro Line 3A connecting Ben Thanh and Tan Kien with the total investment capital of VND68 trillion ($2.96 billion).
bleak business result may prevent hoa binh construction developing planned projects

Bleak business result may prevent Hoa Binh Construction developing planned projects

Plunging revenue and profit in the first quarter may hinder Hoa Binh Construction Group in arranging money to contribute to the joint venture developing the Nghi Son section of National Highway 45 under the Eastern Cluster of the North-South Expressway as well as other projects signed in the first three months.
trade turnover of garment and textile plunges in first four months

Trade turnover of garment and textile plunges in first four months

The trade turnover of the garment and textile sector in the first four months reported on-year decreases of 6.6 per cent in terms of export turnover to $10.46 billion and 9 per cent in material import turnover to $6.4 billion.
habeco sustains losses in first quarter from decree 100 and covid 19

Habeco sustains losses in first quarter from Decree 100 and COVID-19

Similar to Sabeco, Habeco has reported dark business results in the first quarter of this year due to the double impacts of Decree No.100/2019/ND-CP and the COVID-19 outbreak.
long son petrochemical complex receives 14 billion added capital

Long Son Petrochemical Complex receives $1.4 billion added capital

The approval to add $1.386 billion to Long Son Petrochemical Complex is expected to put new wind in the sails of the project which is running significantly behind the schedule.