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Authority proposes transferring $2.1 billion thermal power plant to Geleximco-HUI partnership

Authority proposes transferring $2.1 billion thermal power plant to Geleximco-HUI partnership

The proposal of replacing project investor on Quynh Lap 1 thermal power plant located in Nghe An province, which costs over $2 billion is expected to speed up the progress of construction and operation to secure the existing plan on national energy security.
Vinhomes spends $22 million upgrading fire resistant equipment system for its urban complexes

Vinhomes spends $22 million upgrading fire resistant equipment system for its urban complexes

NEWS - Jun 20, 2018 | 08:21 AM GMT+7

Vinhomes has just announced to invest around $22 million in the improvement of elements related to fire safety system and security measure for its urban areas.

TTC Land to inject $176 million in artificial island project in Phu Quoc

TTC Land to inject $176 million in artificial island project in Phu Quoc

NEWS - Jun 19, 2018 | 05:23 PM GMT+7

TTC Land Group is planning to invest $176 million in Ocean Lotus project, a first artificial island in Phu Quoc island district, Kien Giang province.

Logistics poised to be a promising sector in Vietnam

Logistics poised to be a promising sector in Vietnam

REAL ESTATE - Jun 19, 2018 | 12:11 PM GMT+7

With improving market fundamentals, Vietnam stands a good chance of winning logistics market share as its regional peers shift towards more mature industrial development, according to Jones Lang Lasalle.

Southeast Asia’s largest smart city to be kicked off this October in Hanoi

Southeast Asia’s largest smart city to be kicked off this October in Hanoi

REAL ESTATE - Jun 19, 2018 | 08:06 AM GMT+7

The $4 billion smart city project invested by the joint venture between Vietnam’s real estate developer BRG Group and Japanese-based trading company Sumitomo has been licensed by the Hanoi People's Committee.

Hanoi licensed numerous projects amounting to over $17 billion

Hanoi licensed numerous projects amounting to over $17 billion

NEWS - Jun 18, 2018 | 10:33 PM GMT+7

Hanoi became a hotspot in drawing huge flow of investment when its local authority yesterday granted certificates and approval to 71 projects totaling over $17 billion of registered capital.

Vinfast’s two new car models disclosed

Vinfast’s two new car models disclosed

BUSINESS - Jun 18, 2018 | 04:03 PM GMT+7

The two cars are designed by Pininfarina under a $5 million contract to develop and manufacture cars following intellectual property rights acquired from BMW.

HAGL aims to acquire $176 million in revenue from fruit tree sector

HAGL aims to acquire $176 million in revenue from fruit tree sector

BUSINESS - Jun 18, 2018 | 09:22 AM GMT+7

HAGL Joint Stock Company or HAGL targets to gain a revenue of $273.5 million and gross profit of $121.7 million in 2018 only.

Scene behind Vietnam's confined competitiveness: Experts

Scene behind Vietnam's confined competitiveness: Experts

NEWS - Jun 18, 2018 | 09:13 AM GMT+7

Vietnam develops but does not follow the value chain and the way economy grows in the future, whilst building many roads does not bring efficiency, according to experts.

Tyna Giang and three years bringing Vietnamese product to world’s largest organic food fair

Tyna Giang and three years bringing Vietnamese product to world’s largest organic food fair

BUSINESS - Jun 17, 2018 | 01:36 PM GMT+7

After 10 years studying and working in Europe in the field of tourism and hospitality, Tyna Giang, a Vietnamese young and energetic girl, decided to come back to her homeland and started her own business in the organic sector.

Dung Quat oil refinery gains $130 million profit in first six months

Dung Quat oil refinery gains $130 million profit in first six months

BUSINESS - Jun 17, 2018 | 08:58 AM GMT+7

In the first half of 2018, revenue of Binh Son Refining and Petrochemical (BSR) which operates Vietnam’s first Dung Quat oil refinery is estimated to reach up to $2.4 billion, fulfilling 71 per cent of its full year target.

Techcombank to increase charter capital threefold up to $1.53 billion

Techcombank to increase charter capital threefold up to $1.53 billion

BUSINESS - Jun 16, 2018 | 05:14 PM GMT+7

A plan to increase the charter capital up to $1.53 billion from $504 million to become the third largest bank in Vietnam was approved in shareholders' extraordinary meeting of Techcombank held yesterday.

World Bank's Lead Economist: The biggest disadvantage of the property tax is its high administrative cost

World Bank's Lead Economist: The biggest disadvantage of the property tax is its high administrative cost

LEADER TALK - Jun 16, 2018 | 10:04 AM GMT+7

The property tax is not only a source of the Government revenue, but also a tool that adds to improving efficiency and accountability of the government, contributing to the development of the housing market and infrastructure, according to Sebastian Eckardt, Lead Economist for the World Bank in Vietnam.

Sacombank to auction $135 million real estate assets on June 28

Sacombank to auction $135 million real estate assets on June 28

BUSINESS - Jun 15, 2018 | 10:03 PM GMT+7

Saigon Thuong Tin Commercial Joint Stock Bank or Sacombank will auction several land plots in Ho Chi Minh City and industrial land plots in Long An province through Global Auction Services JSC on this June 28.

Reducing trade costs can improve Vietnam's competitiveness in the ASEAN region

Reducing trade costs can improve Vietnam's competitiveness in the ASEAN region

NEWS - Jun 15, 2018 | 07:52 AM GMT+7

While Vietnam has made great progress in reducing tariffs, there remains significant potential to reduce trade costs through rationalization of non-tariff measures or specialized controls, more efficient border management and logistics.

CEO Nguyen Viet Quang: VinSmart is an addition to perfect Vingroup’s ecosystem

CEO Nguyen Viet Quang: VinSmart is an addition to perfect Vingroup’s ecosystem

LEADER TALK - Jun 14, 2018 | 02:03 PM GMT+7

VinSmart will not only conduct researches in science and technology but also apply useful ones to life.

Concern raised over MB's abnormal loans to property projects at over $441 million prior to listing schedule

Concern raised over MB's abnormal loans to property projects at over $441 million prior to listing schedule

BUSINESS - Jun 14, 2018 | 08:36 AM GMT+7

In preparation for listing on Ho Chi Minh City Stock Exchange scheduled in the first quarter of next year, Maritime Bank has recently announced a release of shares transfer restrictions to facilitate the bank’s shareholders’ transactions.

Ride-hailing app FastGo kicked off to pressurize Grab for market share

Ride-hailing app FastGo kicked off to pressurize Grab for market share

BUSINESS - Jun 14, 2018 | 06:47 AM GMT+7

FastGo Vietnam Co., Ltd. has launched its ride-hailing application called “FastGo”, the first ever application in the current market to protects customers on each trip using Fast Protection insurance with a value up to $8,700.

Phuong Nam to divest from Korean cinema chain CGV

Phuong Nam to divest from Korean cinema chain CGV

BUSINESS - Jun 13, 2018 | 03:08 PM GMT+7

Under pressure to pay a $7-million debt and an $812,115 interest, Phuong Nam Culture JSC or PNC has to sell more than half of its shares held in CJ CGV Vietnam Co., Ltd.

Sales from locally assembled cars surpassed imported ones in May

Sales from locally assembled cars surpassed imported ones in May

NEWS - Jun 13, 2018 | 11:27 AM GMT+7

According to Vietnam Automobile Manufacturers' Association, sales of complete knocked-down cars was 19,467 units, accounting for nearly 85 per cent of the total market in last month.

Vietnam sees rising interest from international hotel operators

Vietnam sees rising interest from international hotel operators

REAL ESTATE - Jun 13, 2018 | 08:21 AM GMT+7

Vietnam has been witnessing a strong growth of international hotels brands and foreign hospitality management companies in recent years, increasing from 30 world's leading brands in 2010 to a total of 79 by the end of last year and an anticipated uptrend for the time being.

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