Category: Vietnam

Vietnam estimates China rail link will cost $7.2bn Vietnamese people exercise at Lenin Park in Hanoi on June 16, 2024. (Photo: Reuters) HANOI: Vietnam has estimated the cost of building a new railway linking it with China’s Yunnan province at 179 trillion dong ($7.2 billion), state media reported on Wednesday. The 427-kilometre railway would run […]

HCM City to issue bonds to fund metro projects to develop 183 km of metro lines by 2035 Under a master plan, the city plans to develop 183 km of metro lines by 2035, requiring an estimated US$36 billion. HCM City plans to issue bonds to finance its long-awaited metro projects, aiming to reduce reliance […]

Erex starts building two 50MW biomass-fired plants in northern Vietnam Japanese renewable energy developer Erex has started building two 50MW biomass-fired power plants in Vietnam, the company said on 10 October. Erex started construction on 4 October in the Yen Bai and Tuyen Quang provinces of northern Vietnam. Each plant will have 50MW of generation […]

Vietnam Town Nakhon Phanom inaugurated in Thailand The welcome gate of Vietnam Town Nakhon Phanom was unveiled at a ceremony held in Nakhon Phanom province, northern Thailand, on October 10, attracting the participation of around 1,000 overseas Vietnamese. In her speech, Phanom Ranida Laungthitisakul, acting governor of Nakhon Phanom province, noted that the inauguration marked […]

Thailand top retailer Central Retail begins building $9 mln mall in northern Vietnam Thailand’s leading retailer Central Retail kicked off the construction of a mall under its GO! brand in the northern mountainous province of Yen Bai last weekend. Located in Yen Bai town of Yen Bai province, the 1.3-hectare establishment is set to enter […]

Vietnam’s Ninh Thuan province’s renewable projects facing delays According to Ninh Thuan Department of Industry and Trade, two solar power projects remain on hold, awaiting the revised implementation plan for an extension, while wind power projects have yet to receive a pricing mechanism to begin construction. A representative from the department spoke with VIR on […]

Trump firm to develop $1.5bn golf resort in Hung Yen province in Vietnam Site reportedly located near Hanoi in hometown of Vietnamese president The Vietnamese real estate developer Kinhbac City (KBC) said on Tuesday that its subsidiary would partner with The Trump Organization to develop a copy.5-billion golf and hotel project in northern Vietnam. A […]

Vietnamese court fines Lotte, Posco E&C $8.2 million for ‘defective’ highway A Vietnamese court ruled Korean builders Lotte Engineering & Construction (E&C) and Posco E&C to pay 10.9 billion won ($8.2 million) to the state-owned Vietnam Expressway Corporation (VEC) for alleged defects in a highway construction project.   The matter is part of a complex web of […]

Daewoo E&C to invest in $390 million urban development project in Thai Binh City, Vietnam An aerial view of the new urban development project in Vietnam’s Thai Binh City in which Daewoo Engineering & Construction will participate as a key investor [DAEWOO ENGINEERING & CONSTRUCTION]. Daewoo Engineering & Construction (E&C) has received approval to become […]

Scour likely underlying cause of destructive Vietnam bridge collapse Super typhoon Yagi has caused the collapse of the Phong Chau bridge into the Red River northwest of Hanoi in Vietnam, leaving 13 people missing. It was widely reported that the collapse led to 10 cars and two scooters plunging into the river. Deputy prime minister […]