Vietnam News
Hanoi approves plan to implement two new urban metro lines Hanoi (VNA) – The municipal Party Committee of Hanoi has approved a plan to build two new metro lines. They are Line No 3 from Hanoi Railway Station to Hoang Mai district and Line No 5 (Gold) from Van Cao to Hoa Lac. At a […]
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Hyundai Engineering wins a $164 million order to build the third AEON Mall in Cambodia Hyundai Engineering has won a 200 billion won (about $164 million) project to build its third AEON Mall in Cambodia. Hyundai Engineering won the project from “AEON Mall,” one of Japan’s largest distribution groups, which operates more than 200 shopping […]
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Bright prospect for Vietnam’s construction enterprises despite COVID-19 pandemic Despite the impact of the COVID-19 pandemic in the first quarter, construction businesses still firmly believe bright growth lies ahead for the rest of the year. “The COVID-19 disease has significantly affected the economy as well as the construction industry, especially the tourism and resort real […]
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Ho Chi Minh City’s Empire City leaders vow to kick off 88-storey tower in 2020 Work is to start in 2020 on the basement level of a 88-storey tower complex in Ho Chi Minh City, the landmark building in the Empire City project, with many outstanding obstacles are on the way to finally being cleared. […]
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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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