japanese haseko corporation reaches acquisition deal amidst covid 19 crisis

Japanese Haseko Corporation reaches acquisition deal amidst COVID-19 crisis

Despite COVID-19 and the VCCI’s proposal to delay M&A deals during the pandemic to avoid leaving local firms vulnerable to hostile takeover bids from foreign investors, Japanese Haseko Corporation reached an agreement to acquire a 36 per cent stake in Vietnam-based construction firm Ecoba.
will there be senior personnel changes at ricons and coteccons at upcoming agms

Will there be senior personnel changes at Ricons and Coteccons at upcoming AGMs?

There is a great deal of speculation as the annual general shareholders' meetings of renowned construction giants Coteccons and Ricons approaches. As the relationship between the two companies as main contractor and subcontractor is rather sensitive, it is necessary to take a close look at a potential conflict of interest resulting from overlapping management teams.
vietinbank puts huge debt on trade

VietinBank puts huge debt on trade

VietinBank has put its VND800 billion ($34.8 million) debt on sales to recover loans they gave out to Bach Khoa Viet Trading-Consultancy-Investment-Construction JSC long years ago.
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.
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).
disbursement offers construction bonanza

Disbursement offers construction bonanza

Despite the broad-based sell-off crippling equity markets, some businesses’ stocks are slated to outperform their peers thanks to the forthcoming massive disbursement of public investment.
500 million saigon sports city proceeds with a bridge linking north and south areas

$500 million Saigon Sports City proceeds with a bridge linking north and south areas

Keppel Group continues the $500 million Saigon Sports City with the recent start of the construction of a bridge connecting the northern and southern zones of the project.
social housing development important to driving market out of difficulties

Social housing development important to driving market out of difficulties

Social housing could be the solution to driving the real estate market out of this difficult time caused by the COVID-19 pandemic, according to the Ministry of Construction.
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.
pvx prepares to delist from hnx due to weak performance

PVX prepares to delist from HNX due to weak performance

Tremendous prolonged losses forced PetroVietnam Construction JSC (HNX: PVX) to delist from the Hanoi Stock Exchange.
capitaland and thien duc hand over feliz en vista apartments to homebuyers

CapitaLand and Thien Duc hand over Feliz en Vista apartments to homebuyers

CapitaLand Vietnam, together with Thien Duc Trading-Construction Co., Ltd., has commenced the handover of apartments at Feliz en Vista.
price bracket for land clearance at long thanh airport approved

Price bracket for land clearance at Long Thanh Airport approved

Approving the compensation price bracket for site clearance at Long Thanh International Airport will accelerate the construction of the project, bringing the large-scale national construction work closer to reality.
changes required for central real estate

Changes required for central real estate

Despite going through a quiet period due to the effects of the coronavirus outbreak, investors as well as real estate businesses in Danang and across the central region are striving to remove difficulties to maintain stable operations as well as adapt to a new direction.