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Top 10 largest FDI projects in 2017: Thermoelectric projects flashed with US$7.4 billion

Top 10 largest FDI projects in 2017: Thermoelectric projects flashed with US$7.4 billion

Thermoelectric sector scored a successful year in attracting foreign investment with billion - dollar projects in the top 10 largest FDI projects in 2017.

UPC Renewables eyes two million-dollar wind power farms in Vietnam

The People's Committee of Quang Binh province has worked with UPC Renewables Asia I Limited, a subsidiary of UPC Renewables Group (UPC) on the development of two power projects.

Thai conglomerate wants to take over US$5.4-billion Long Son petrochemical complex

Siam Cement Group has expressed interest in acquiring the remaining 21 percent stake currently held by PetroVietnam in the Long Son petrochemical complex.

PM Phuc serves as Head of the National Steering Committee for SEZ establishment

Prime Minister Nguyen XuanPhuc has inked the Decision 56/QD-TTg on setting up a National Steering Committee for the establishment of special administrative and economic zones (SEZ).

“New barrier” on automobile import

The Government’s Decree No. 116/2017/ND-CP which came in full force and effect on January 01, 2018, is viewed as a “new barrier" to protect domestic automobile industry from the automobiles imported from ASEAN entitled to a zero per cent tariff, according to automobile importers and exporters.

SSC imposes administrative sanctions on numerous companies

The State Securities Commission of Vietnam (SSC) has issued decisions to sanction a number of companies due to their violations in the securities sector.

Startup should avoid depending too much on preferential policies

According to Ph.D Le Dang Doanh, Vietnam needs a strong institutional change and supports for creative startups or it would lose a lot of resources.

HCM City calls for additional US$17.8 billion in eight urban railway routes

Ho Chi Minh City (HCMC)’s future urban railway system is scheduled to includes eight major urban railway routes divided into 12 project packages of which three have been approved, two have been submitted to the Government and seven have not been started yet.

Billionaire Phuong Thao's company acquires 50 per cent of Splendora urban project

Phu Long Real Estate JSC, which is part of billionaire Phuong Thao’s Sovico Group, received VND2.3 trillion (US$ 101.4 million) of additional capital before acquiring a 50 per cent stake in Splendora urban project and replacing Korean investor Posco E & C.

THACO announces to open 15 BMW and MINI showrooms

Truong Hai Auto Corporation (THACO) has revealed that it will open 15 BMW and MINI showrooms within two years to offer the best maintenance and after-sales services to customers over the country.

PM: An institution better suited to the market economy enables Vietnam to resist "shocks" from outside

An institution better suited to the market economy is an important factor which helps Vietnam to cope with external forces, said Prime Minister Nguyen Xuan Phuc (PM).