Vietnam plans to upgrade Gia Binh Airport in Bac Ninh province into a dual-use international airport to support both military and civilian operations, the government said on Friday.
Syre, a subsidiary of H&M Group, intends to build a polyester fiber recycling plant in Vietnam, with an investment ranging from $700 million to $1 billion.
Kim Long Motor and Yuchai Corporation have launched a $260 million engine manufacturing plant in Vietnam, marking a significant leap for the country’s industrial ambitions.
Taseco Land has initiated construction on its inaugural industrial park, Taseco Dong Van 3, located in Duy Tien district, Ha Nam province. The development aims to rapidly establish infrastructure to attract foreign investment into Vietnam.
Power China, BYD, China Rare Earth Group, Haosen electronic battery company are among the Chinese enterprises planning to make new investments in Vietnam in the near future.
Adjacent to the rapidly advancing Hai Lang LNG project, T&T Group has put forth a proposal to invest in another monumental LNG power project, built upon the legacy of the Quang Tri 1 coal-fired thermal power plant.