Investment

Son La hydro power plant starts operation

Son La hydro power plant starts operation

Southeast Asia’s largest hydroelectric power station has begun operating to help ease an electricity shortage in fast-growing Vietnam, an official said Monday. The first of six turbines at the Son La station was connected to the national power grid on... (Continue reading)

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Phu Yen calls for investment in 24 large projects

Phu Yen calls for investment in 24 large projects

A conference on trade promotion was held by the management board of the Phu Yen economic zone on December 20. At the conference, the management board called for investment in 24 key projects including upgrading Tuy Hoa airport to meet... (Continue reading)

Netherlands overtakes US as top Vietnam 2010 FDI

Netherlands overtakes US as top Vietnam 2010 FDI

The Netherlands has overtaken the US as Vietnam’s top source of foreign direct investment this year, the Foreign Investment Agency said. Investors from that country have received licenses to invest in projects worth US$2.15 billion, including one involving an investment... (Continue reading)

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Vietnam FDI report for 11 months of 2010

Vietnam FDI report for 11 months of 2010

This is brief Vietnam FDI statistics for 11 months of the year 2010. Source: Foreign Investment Department (Vietnam Ministry of Planning and Investment).... (Continue reading)

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ADB provides billions USD for 2 transport projects in HCMC Vietnam

ADB provides billions USD for 2 transport projects in HCMC Vietnam

The Asian Development Bank (ADB) will provide US$1.1 billion to two important traffic projects in Ho Chi Minh City which aim to clear the congested streets. The bank will grant US$540 million for the project to build an urban railway... (Continue reading)

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Thailand firms to increase investment in Vietnam

Thailand firms to increase investment in Vietnam

CP will spend 150-200 million US dollars to build the fish feed processing plant, processed chicken and frozen storage plant in Vietnam. Charoen Pokphand Group (CP), the giant business groups in Thailand, plans to expand investment in Vietnam, which focuses... (Continue reading)

Taiwan Formosa Plastics to invest in Vietnam

Taiwan Formosa Plastics to invest in Vietnam

Taiwan-based Formosa Plastics Group, the world’s second-largest producer of polyvinyl chloride by output, plans to start three investment plans next year that will cost a total of $11.3 billion, the Economic Observer Newspaper reported. The report said that the Taiwanese... (Continue reading)

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ABB won $ 15 million bid to provide equipment for Vung Ang 1 Thermal Power Plant

ABB won $ 15 million bid to provide equipment for Vung Ang 1 Thermal Power Plant

The group of electrical and automation ABB has announced for the bid  winning of a contracting package worthed $ 15 million from Lilama corporations – the epc contractor for construction and installation Vung Ang 1 Thermal Power Plant Accordingly, the... (Continue reading)

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Vung Ang Economic Zone applies specific mechanism

Vung Ang Economic Zone applies specific mechanism

The Vietnam Prime Minister has allowed the application of specific mechanisms for mobilizing, managing and using capital to build infrastructure in Vung Ang economic zone (Ha Tinh, Vietnam). Accordingly, in addition to the provisions of Decision 72/2006/QD-TTg on March 4,... (Continue reading)

Hanoi Largest Hotel Project has New Owner

Hanoi Largest Hotel Project has New Owner

Hanoi People’s Committee has officially selected the Corporation Kinh Bac Urban Development (KBC) as the investor for project Lotus Hotel. With this decision, KBC has officially passed dozens of other investors to become the investors of the largest hotel project... (Continue reading)