Vietnam News
Phuong Mai Wind Power JSC selects GE Renewable Energy for its first wind project in Vietnam GE (NYSE: GE) has signed a contract with Phuong Mai Wind Power JSC, a Special Purpose Vehicle entity jointly invested by Truong Thanh Development and Construction Investment Joint Stock Company (DECONNIN JSC) and Hanoi Construction – Industrial Investment JSC […]
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Vietnam’s second-home segment on the rise Kenneth Atkinson, founder and senior board adviser at Grant Thornton Vietnam, shares with Bich Ngoc his opinion on the future for Vietnam’s second home market. Vietnam has been one of the top-performing inbound tourism markets over the last few years. In January, the country received just under 2 million […]
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Hà Nội condominium market sputters according to CBRE Vietnam Hà Nội’s property market in the first quarter this year saw a low level of new launch supply in the condominium segment due to COVID-19 outbreak, according to real estate investment group CBRE Vietnam. New launch supply in the quarter was limited at about 1,600 units, […]
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Cambodia’s Lower Sesan 2 hydropower plant ready in case of power shortage In order to ensure the safe and stable operation of the Lower Sesan 2 Hydropower Station amid the COVID-19 outbreak, Cambodian and Chinese employees from the plant’s operation and maintenance department have been continuously working for more than 120 days to tackle emergency […]
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Electrical appliance manufacturers Haier Electrical and Midea Group on track with Thai expansion Thanes Bin-a-sun, senior vice-president of Haier Electrical Appliances Thailand, an arm of Haier Group. The company has allocated 30 million baht for a marketing campaign to stimulate spending this summer. Despite the unabated spread of the coronavirus, two giant Chinese air conditioner […]
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AboitizPower terminates $46m acquisition of Vietnam’s Mekong Wind Philippine-listed electricity giant Aboitiz Power Corp (AboitizPower) announced that its planned acquisition of Vietnam’s Mekong Wind has been terminated because some of the conditions of the deal were not met. “A condition precedent was not delivered, and the completion of the acquisition was not completed by the […]
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Vietnam’s HCM City to suspend work on non-urgent construction projects HCM CITY — HCM City has suspended non-urgent construction projects until April 15 in an aim to strictly follow nationwide social distancing rules amid the COVID-19 pandemic. The city’s Department of Construction has sent an urgent document to people’s committees in 24 districts and relevant […]
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Thailand’s Stark Corporation acquires Vietnamese cable makers for $240m Stark Corporation PCL of Thailand is acquiring Vietnam-based Thinh Phat Cables (Thipha) and Dong Viet Non-Ferrous & Plastic (Dovina) for a combined enterprise value of $240 million. The transaction will be implemented by Stark Corporation’s subsidiary Phelps Dodge International, the SET-listed firm said in a stock […]
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Aeon to open shopping mall in Yangon, Myanmar’s largest city, in 2023 Japan’s largest retailer Aeon is to open a shopping mall in Yangon, Myanmar’s largest city, in 2023. The Japanese retailer will partner with Myanmar conglomerate Shwe Taung Group to set up a joint venture in the country this year. The new Aeon shopping […]
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Vietnam’s key North-South Expressway project sees revised plan The plans for Vietnam’s key North-South Expressway project are being amended. The Vietnam Government has said it intends to change its plans for three sections of the North-South Expressway. Instead of being carried out under the PPP model, these will now be handled under a public investment […]
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