FDI in Hanoi lifts city to new highs

With its great economic and geographic potential, Hanoi has increasingly become more critical to the investment strategy of foreign investors, many of whom are planning large-scale operations in the city. Ha Tung reports.   Hanoi has attracted the second-highest number of FDI projects in Vietnam, Photo: Duc Thanh   Shigenobu Nagamori, chairman and CEO of Japan’s industrial group Nidec,..

Korea scouts for investment opportunities in Can Tho

Officials of Can Tho City in Mekong Delta met with a delegation from South Korea on Friday to explore opportunities for enhancing cooperation in the healthcare and construction sectors.   South Korea’s businesses seek opportunities for investment in the healthcare and construction sectors. - Photo   Haeseung Shin, director of Korea’s Gumi Gangdong Hospital, who..

Ho Tram Strip inks $63 milion natural gas deal

Ho Tram Project Company (HTP) and PetroVietnam Low Pressure Gas Distribution Joint Stock Company (PVGasD) has inked a memorandum of understanding that will see the Ho Tram Strip move to cleaner, greener and more efficient power within the next 15 months.   The $63 million (net present value) investment will be deployed on a BOO (Build-Own-Operate) model, which will see a power station built..

Russia, Vietnam agree on US$10 billion in bilateral investment

President Tran Dai Quang and his Russian counterpart Vladimir Putin on June 29 (local time) expressed particular interest in strengthening commercial cooperation, agreeing on investing more than US$10 billion in both country.     At a joint press conference following talks between the two leaders in Moscow, the two leaders announced that the investment will be poured into 20 priority..

Vietnam and Russia open doors for heightened cooperation

Vietnamese and Russian companies are increasing cooperation and more and more opportunities are opening to Vietnamese and Russian enterprises to form mutually beneficial partnerships.   The White Tiger oil field, a cooperation project between Vietnam and Russia, started commercial exploitation in 1986    Vietnamese investment flows back to Russia   TH Group is deploying a dairy..

$2.3-billion Nam Dinh power plant making headway

The consortium including Saudi Arabian ACWA Power and South Korean Taekwang Power Holdings Co., Ltd. officially received an investment certificate for the $2.3-billion Nam Dinh 1 thermal power project, making it the seventh foreign-invested build-operate-transfer power project licensed in Vietnam.   Nam Dinh 1 thermal power plant received the investment certificate   The licensing..

Agri-tech zone plants seeds of investment

Agri-tech has been a long-term development target of the central province of Phu Yen. Since a high-tech agricultural zone was proposed for the province in 2013, Phu Yen has focused mainly on developing infrastructure for investment projects in the field.   The management board of Phu Yen HTAAZ signs agreements with Lam Dong province   Over the past few years, local authorities have..

Sustainability is key to ensure future prosperity for Asia

Green, sustainable, and inclusive economic growth is the key to ensure prosperity for Asia. This was Prime Minister Nguyen Xuan Phuc’s message in his speech at the 23rd International Conference on the Future of Asia.   Prime Minister Nguyen Xuan Phuc outlined the main growth principles to secure Asia's prosperity   The conference’s theme this year is “Globalism..

Vietnam and Japan ready to deepen economic cooperation

The prime ministers of Vietnam and Japan affirmed that they will continue economic cooperation and hope to deepen this relationship for many more years to come.   Investment contracts, certificates, and agreements with the total value of $22 billion were signed between government agencies, localities, and businesses   On June 5 in Tokyo, Vietnamese Prime Minister..

TH Group cement co-operation with Japanese partner

TH Group, a large Vietnamese fresh milk producer well known for its TH true MILK brand, has expanded its business and investment co-operation with Japanese partner in the medical and health care sector.   TH Group and ITEC from Japan signed the MoU during PM Nguyen Xuan Phuc's official visit to Japan   On June 5, 2017, the group’s TH International Medical Development..

Japan enters local agriculture scene

The Vietnam-Japan business co-operation in the agricultural sector is flourishing.     Nearly 20 Vietnamese agri-business firms will accompany Prime Minister Nguyen Xuan Phuc during his June 4-8 official visit to Japan to seek co-operation deals.   DTK Phu Tho Company is set on signing a memorandum of understanding (MoU) with three Japanese firms – ISE Food Corporation, Hytem..