Japan’s real estate group Haseko Corp. has agreed to buy a 36 percent stake in Ecoba Vietnam Joint Stock Co., a Hanoi-based construction firm, through a third-party allotment, underscoring the Japanese company’s efforts to seek growth overseas. Under the agreement, Haseko will send a representative to Ecoba’s board of directors, and the two companies will […]
Read MoreSaint-Gobain Vietnam has just signed a strategic co-operation with Nam Long Investment JSC to become the exclusive supplier of gypsum ceiling and drywall for the development of Nam Long’s large-scale urban areas. Specifically, Saint-Gobain VN will provide a diverse range of reliable, international-quality gypsum ceiling and drywall solutions to accompany Nam Long’s projects such as Flora […]
Read MorePrime Minister Nguyen Xuan Phuc on May 19 granted approval for an investment project involving the new Passenger Terminal 3 at Tan Son Nhat International Airport, assigning the Airports Corporation of Vietnam (ACV) as the project’s main investor in the process. The project has an overall investment capital of approximately VND10,990 billion and is expected […]
Read MoreSasaki has been selected by the government of Ho Chi Minh City to conceive the innovation district in the eastern part of the city, in collaboration with enCity, an international planning practice based in Singapore and Vietnam. Selected from a shortlist of six international design firms, Sasaki and enCity, were awarded first place for their Highly Interactive Innovative Districts. The competition’s brief […]
Read MoreLong An 1 and 2 thermal power plants located in Long An power centre are looking for the approval to switch from coal to liquefied natural gas (LNG) in order to decrease their environmental impact. Long An 1 & 2 thermal power plants are proposing to switch to LNG At a recent working session with […]
Read MoreThe extended Hoa Binh Hydropower Plant, which is expected to break ground in October 2020, is considered the largest power project to be constructed this year. The expansion project of Hoa Binh Hydropower plant will be kicked off in October Covering an area of 99.2 hectares, the project is invested by Electricity of Vietnam (EVN). […]
Read MoreListed steel companies reported positive business results in the first quarter of this year despite the impacts of the COVID-19 pandemic. Giant steel maker Hòa Phát Group (HPG) earned a revenue of VNĐ19.5 trillion (US$835.9 million) in the quarter, up 28 per cent year-on-year. The company reported post-tax profit of VNĐ2.3 trillion in Q1, up […]
Read MoreIndustrial park infrastructure development companies continue to do well amid the Covid-19 pandemic, and the industrial property sector is expected to thrive since Việt Nam is considered among the most attractive investment destinations post-pandemic. Sonadezi Corporation, whose main businesses include industrial park infrastructure development and leasing, reported net revenues of VNĐ1.078 trillion (US$46.5 million) and […]
Read MoreFDI will play a key role for the expansion of Vietnam’s industrial buildings sector, as Vietnam emerges as a global manufacturing hub, stated Fitch Solutions. Vietnam’s building construction sector is expected to grow strongly at an annual average of above 7% over the next decade, supported by strong macroeconomic conditions and favorable demographic trends, according […]
Read MoreVietnam’s industrial real estate will benefit as foreign investors move production out of China after the Covid-19 pandemic, industry insiders say. A recent report by VNDIRECT, a leading brokerage in Vietnam, says that the trend of moving production out of China is set to become increasingly evident following the pandemic, and Vietnam, with its proximity […]
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