vietnam pushes on with smart city plans

Vietnam pushes on with smart city plans

Vietnam is accelerating construction to support establishment of smart city projects combined with top-class technology to enhance both the country’s management and the economy.
capital inflows to southeast asian startups up 91 per cent despite outbreak

Capital inflows to Southeast Asian startups up 91 per cent despite outbreak

Southeast Asian startups, especially e-commerce and fintech companies, have witnessed a significant increase in their investment attraction between April and June with the global public health challenge continuing to exert pressure on the whole economy.
japanese giant sumitomo mitsui financial group halts lending to new coal fired power plants

Japanese giant Sumitomo Mitsui Financial Group halts lending to new coal-fired power plants

Sumitomo Mitsui Financial Group (SMFG) – one of the largest Japanese megabanks – announced that it would halt lending to new coal-fired power plants from May 1, 2020.
japanese bank mizuho to stop lending to coal power plants

Japanese bank Mizuho to stop lending to coal power plants

Japanese financial giant Mizuho Financial Group will stop investing and offering loans to new coal power projects as well as end all loans for coal by 2050.
hanoi creates optimal conditions for foreign investors

Hanoi creates optimal conditions for foreign investors

Hanoi has been working to enhance administrative reform and address difficulties in an effort to create an optimal investment climate for investors, Politburo member and Secretary of the Hanoi Party Committee Vuong Dinh Hue has said.
next phase of japan ties kickstarted

Next phase of Japan ties kickstarted

Despite improvements in the business climate on the back of the Vietnam-Japan Joint Initiative, legal uncertainty in public-private partnerships, supporting industries, and manpower needs further changes to facilitate a new wave of Japanese investment in the coming months. Thuy Huong reports.
japanese insurer to buy over 41 million shares of bao viet holdings

Japanese insurer to buy over 41 million shares of Bao Viet Holdings

Japanese insurer Sumitomo Life has registered to buy more than 41.4 million shares of local insurer insurance-finance-banking group Bao Viet Holdings (BVH).
smart city the start of a new legacy

Smart City: The start of a new legacy

Primarily located on the route directly linking Hanoi city centre and Noi Bai International Airport, the Smart City project is a stepping stone towards Vietnam’s socio-economic development ambitions. At the same time, it will also form a new gateway connecting trade between Vietnam and other countries in the region and the world.
billion dollar smart city will express the spirit and vision of a new hanoi

Billion-dollar smart city will express the spirit and vision of a new Hanoi

Vietnamese developer BRG Group and Japan’s Sumitomo Corporation have officially announced their $4.2 billion smart city project on the outskirts of Hanoi.
258 billion coal power project kicked off in van phong saez

$2.58 billion coal power project kicked off in Van Phong SAEZ

Van Phong 1 coal-fired power plant developed by Van Phong Power Co., Ltd., a Vietnamese company invested by Sumitomo Corporation, is expected to start operation in 2023 with the generation capacity of 1,320MW.
sumitomo invests in vietnamese logistics industry

Sumitomo invests in Vietnamese logistics industry

Japanese trading house Sumitomo has invested in a major Vietnamese port operator, aiming to capitalise on the growing demand for logistics services as manufacturers shift production to the Southeast Asian country.
brg vnpt sumitomo and seabank partner up in fintech and smart city

BRG, VNPT, Sumitomo, and SeABank partner up in fintech and smart city

The co-operation agreement on development of fintech and the application of high technology in smart cities between Vietnamese conglomerates BRG group, VNPT group, SeABank, and Japan’s conglomerate Sumitomo group was awarded under the witness of Prime Minister Nguyen Xuan Phuc and representatives of the governments of the two countries.
foreign retailers raise the local game

Foreign retailers raise the local game

Along with the impacts of the Comprehensive and Progressive Trans-Pacific Partnership, ­removing the requirement for an economic needs test will create more pressure on the domestic retail sector, and force local retailers to ­improve competitiveness to prevent being swallowed up by foreign players.
infusion of vietnamese and japanese retail at fuji mart

Infusion of Vietnamese and Japanese retail at Fuji Mart

To mark the opening of the first Fuji Mart outlet in  Hanoi, Keisuke Hitotsumatsu, CEO of Fuji Mart Vietnam talked to VIR’s Phong Lan about the new retail store’s model, in which Vietnamese food traditions are being honoured through the famous Japanese service culture.
pm suggests japans bank enlarge credit scale in vietnam

PM suggests Japan’s bank enlarge credit scale in Vietnam

PM Nguyen Xuan Phuc hoped that Japan will pour more investment in Vietnam to become the largest investor in the nation and the Sumitomo Mitsui Banking Corporation (SMBC) will enlarge the credit scale for Japanese and Vietnamese partners.