finding and nurturing the talents is a great journey

Finding and nurturing the talents is a great journey

Piaggio Vietnam has implemented its Spotless Reputation strategy since 2017, with one of the core values being “Pay attention to the individual”. Gianluca Fiume, CEO of Piaggio Vietnam cum executive vice president for Asia Pacific 2 Wheeler, explains to VIR’s Thanh Huong that people make things happen, and that is why the company places focus on their development.
pv power silent about nhon trach 3 and 4 thermal power projects

PV Power silent about Nhon Trach 3 and 4 thermal power projects

It has been 18 months since PV Power completed its equitisation, raising expectations to implement large-scale projects, including Nhon Trach 3 and 4 thermal power plants. However, the date for the construction of these two projects is still uncertain.
turmoil at sabeco after historic ma

Turmoil at Sabeco after historic M&A

One year after Asia’s ­landmark $5 billion stock auction involving ­the largest brewer in Vietnam, Sabeco, the foreign ownership ratio at the company has surpassed the 51 per cent threshold, putting mainly overseas ­investors behind the wheel for the foreseeable future.
smart city dreams only a stretch away

Smart city dreams only a stretch away

Vietnam is making great efforts to build smart cities based on its internal and external advantages. Ta Thi Thanh Huong, urban green growth specialist from the Global Green Growth Institute in Vietnam, writes about the challenges and opportunities that come with developing this type of city.
investors withdraw from solar power project in binh thuan

Investors withdraw from solar power project in Binh Thuan

Solar power investors seem to be “running away” from Binh Thuan as the electric grid in the area is overload.
natural gas for electricity generation source clean yet costly

Natural gas for electricity generation source: clean yet costly

Considered a clean alternative to coal-fired power, gas power plants in Vietnam are challenged by the price of electricity.
strengthening local automobile production and localisation rate

Strengthening local automobile production and localisation rate

As the import duty for ASEAN CBU (completely built-up) becomes 0 per cent, and some administrative barriers like Decree 116 preventing CBU imports are no longer effective, VIR talked with Toru Kinoshita, chairman of the Vietnam Automobile Manufacturers' Association (VAMA) about ways to increase the localisation rate and enhance local automobile production.
kien luong 1 thermal power plant demands compensation

Kien Luong 1 thermal power plant demands compensation

After Kien Luong 1 thermal power plant was removed from the Revised National Power Development Master Plan VII, Tan Tao Energy JSC (TEC) requested the government to either pay compensation or add the project to the National Power Development Plan.
bsr may take one more year for the second share sale

BSR may take one more year for the second share sale

Binh Son Refining and Petrochemical Co., Ltd. (BSR), the operator of Dung Quat Refinery, will divest the state-owned stake by putting the shares on sale on the stock exchange, instead of offering it to strategic investors as initially planned. Indian Oil Corporation is the most promising investor in the second auction.   
vietnamese coal in a tight spot

Vietnamese coal in a tight spot

Coal is imported more and more, due to some coal thermal power plants are putting into opearation and imported coal is cheaper.
vietnamese automobile manufacturers growing up to the task

Vietnamese automobile manufacturers growing up to the task

The inauguration of the biggest and most modern automobile manufacturing factory in Southeast Asia and continuing a new investment cycle are the way of Vietnamese firms to dominate the “long race” of automobile industry.
foreign investors eager to acquire habeco

Foreign investors eager to acquire Habeco

Along with Carlsberg, the Danish Brewer holding 17.3 per cent stake in Hanoi Beer, Alcohol and Beverage Corporation (Habeco), numerous foreign investors are looking to acquire a stake in Vietnam’s third-largest brewer in order to increase their market shares.
flexible response needed to proposed us aluminum and steel tariffs

Flexible response needed to proposed US aluminum and steel tariffs

Albeit not being listed among the top 10 largest exporters to the US, the Vietnamese steel industry may still suffer once the US applies new safeguard tariffs.
pv oil collects 190 million from ipo

PV Oil collects $190 million from IPO

PetroVietnam Oil Corporation (PV Oil) succeeded in conducting its initial public offering (IPO) by selling all 207 million shares offered, equalling 20 per cent of its charter capital. The average share price was VND20,196 ($0.89), fetching VND4.16 trillion ($184.9 million) in proceeds for the company.
shake up in foreign invested refinery and petrochemical projects

Shake-up in foreign-invested refinery and petrochemical projects

Foreign investors have adjusted their reported changes in ownership as well as schedules for commercial operation in Long Son Petrochemical (LSP) and Nghi Son Refinery and Petrochemical (NSRP).