Category: Vietnam

South Korea’s Samsung C&T and Vietnam’s Lilama Corp win $940 mln contract for Vietnam’s first LNG power plants Consortium will build the Nhon Trach 3 and Nhon Trach 4 plants A consortium of South Korea’s Samsung C&T Corp and Vietnam’s Lilama Corp has won a $940 million contract to build Vietnam’s first LNG-fired power plants, […]

HCMC’s 1st metro line plans $7-mln upgrade of automatic fare collection system upgrade would enable passengers to buy tickets using credit cards, e-wallets and QR codes. The developer of HCMC’s metro line No.1 has sought approval to upgrade its automatic fare collection (AFC) system to improve efficiency of service. The HCMC Management Authority for Urban […]

Russian contractor seeks to withdraw from billion-dollar Long Phu 1 thermal power plant project in Vietnam due to U.S. sanctions Russian power engineering company Power Machines is seeking to withdraw from the billion-dollar Long Phu 1 thermal power plant project in Vietnam due to U.S. sanctions. Speaking to Tuoi Tre Online on March 8, a […]

HCMC metro operator run out of funds due to delays Ho Chi Minh City should ask for supplementary funding from the central government to support the operator of its first metro line, the Ministry of Planning and Investment said. A wholly state-owned firm, HCMC Urban Railway Company No. 1 (HURC1), the operator of HCMC’s metro […]

Work begins on Vietnam’s $306-mln Sa Pa airport Construction of an airport near Sa Pa town in the northern mountain province of Lao Cai began Thursday, the local people’s committee announced. The airport coming up in Bao Yen District, less than two hours from the tourist town Sa Pa, will cost around VND7 trillion (US$306.5 […]

Vietnam’s proposed new property tax divides opinions A new property tax that authorities are considering to prevent land speculation has evoked a mixed response with developers opposing it, saying the market could be negatively impacted. After the Ministry of Finance earlier this month solicited opinions on the proposal, most analysts VnExpress spoke to supported the […]

Thailand’s Non-oil energy conglomerate Banpu adds to green energy portfolio Non-oil energy conglomerate Banpu Plc paid US$14.5 million for a stake in Solar Esco Joint Stock Co, a Vietnam-based rooftop solar panel provider, as it continues to expand its renewable energy business. BRE Singapore Pte, a wholly owned subsidiary of Banpu Next Co, signed an […]

Can Tho City in Vietnam’s Mekong Delta eyes two highway works at $118-mln cost Can Tho City in the Mekong Delta wants to build or upgrade highways to its neighboring Hau Giang and Kien Giang provinces at a cost of VND2.7 trillion ($118 million). In a recent report it sent to the central government on […]

Japanese partners Tokyo Electric Power and Chubu Electric Power to join 4.5 gigawatt LNG power project in Vietnam Site, to be built with Exxon Mobil, will be one of largest in Southeast Asia A venture between two major Japanese power utilities will participate in building one of Southeast Asia’s largest natural gas-fired power plant and […]