IFC, a member of the World Bank Group, will provide a $ 70 million loan to In Do Tran Shipping and Forwarding Company (ITL Corp) with the aim of supporting the development of the logistics industry, thereby promoting trade and enhancing the competitiveness of the economy in the context of the Covid-19 pandemic. IFC’s financing […]
Read MoreOn July 28-29, 2020, two important signboard-setting ceremonies were held to welcome the Vietnam Oil and Gas Group’s (PVN) third Party Congress for the 2020-2025 term. The first ceremony marked the firing up of generating unit 1 of the Song Hau 1 Thermal Power Plant, energizing the 500kV distribution yard. The second marked the production […]
Read MoreThe Vietnam Securities Depository (VSD) on August 10th said in July, 216 more foreign investors were granted securities trading codes by VSD. Specifically, in July 2020, VSD granted securities trading codes to 21 organizations and 195 individuals being foreigners. The figures represented a decrease of 38 investors from the previous month and a decline of […]
Read MoreAccording to the report of Binh Duong Department of Construction, in the first 6 months of 2020, the Department has advised the People’s Committee of Binh Duong province 20 projects to register for investment and development of housing with a land use scale of about 143ha. Specifically, approved investment policy for 20 projects with land […]
Read MoreIn late July, news that 15 Japanese companies received support from their Government to move to Việt Nam from China became a hot topic in the media. According to the Japan External Trade Organisation (Jetro), they were among more than 80 firms whose moving out of China will be subsidised under a Japanese Government scheme. It said […]
Read MoreThe strategic investment by AES in solar innovator 5B enables the deployment of solar projects much faster and with twice the energy from the same land. AES, the US-based energy giant, has made a strategic investment in 5B, a solar technology innovator based in Sydney, Australia, to boost its energy footprint. 5B’s revolutionary MAVERICK design […]
Read MoreVietnam Electricity (EVN) has announced that nearly 20,000 rooftop solar power projects with a combined capacity of 541.66 MWp were installed nationwide in the past seven months.’ So far, more than 41,180 of such have been put into operation throughout the country with a total capacity of 925.8 MWp. In January-July, the company produced and […]
Read MoreDespite Covid-19 challenges, Vietnam remains as one of the brightest spots in Asia and its economy is likely to rebound soon, said Edward Teather, ASEAN economist at UBS Research told CNBC recently. In its “Squawk Box Asia” show, Edward Teather noted Vietnam has begun to bear the brunt of the pandemic, but “the outlook is looking […]
Read MoreThe Dung Quat refinery has processed Russian Sokol crude oil on trial basis to diversify resources. The test run was carried out between July 13-18 after the refinery in the central province of Quang Ngai had imported over 71,000 barrels of Sokol crude oil, Binh Son Refining and Petrochemical Joint Stock Company (BSR) stated. It […]
Read MoreARA Asset Administration-backed logistics actual property group LOGOS Property is elevating $1.2 billion for a foray into Vietnam and South Korea, based on a prime government of the agency. The Sydney-headquartered agency is in search of $400 million for a Vietnam car and one other $800 million for South Korea for its build-to-core technique. The […]
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