The panoramic view of Novaland's NovaWorld Phan Thiet resort and entertainment complex Similarly, the group reaped nearly VND8.045 trillion ($349.78 million) in net sales and service provision revenue in the period, soaring 88 per cent higher than last year. The number of apartment units handed over to customers in the period reached 2,936, up 185 per cent against the corresponding period last year and equal to 50 per cent of the annual target. The group’s financial strength proved solid. As of June 30, 2019, its total asset value amounted to VND74.793 trillion ($3.25 billion) and equity touched VND22.198 trillion ($965.13 million), up 7 and 9 per cent, respectively, compared to the end of 2018 and representing a 27 per cent jump against the year prior. Money flow and equivalents approximated VND7.326 trillion ($318.5 million) as of June 30, 2019. This year, Novaland is set to roll-out 6,500 items, a 44 per cent jump on-year, including 4,200 housing units and 2,300 items from … [Read more...] about Novaland posts solid development in first-half of 2019
Khanh Nguyen Associate director, JLL’s Capital Markets in Vietnam Over the past 30 years, Ho Chi Minh City has witnessed a meteoric rise. However, rapid growth comes with growing pains. Infrastructure within the existing central business district (CBD) is starting to buckle under the pressure of rapid expansion, vacant land is difficult to find, land value has reached a level that makes returns on office development and investment less attractive, and office rents have reached levels not seen in 2008. The master plan for Thu Thiem will alleviate these pressures, with the possibility of saving some of the historic urban centre of the “Pearl of Asia” from demolition and redevelopment. The 657-hectare site of Thu Thiem is located on the Saigon River’s opposite site, facing the existing CBD. Comprising of 176 land parcels with approximately 3.2 million square metres (GFA) of residential space and 3.4 million sq.m (GFA) of commercial space, the total site will … [Read more...] about Can Southeast Asia’s largest mixed-use development revitalise Vietnam?
Mr. Dave Sivaprasad, Managing Director and Partner, and Ms. Tuyet Vu, Principal at the Boston Consulting Group (BCG), share about their views on Vietnam's transformation into a regional energy powerhouse. Looking ahead, Vietnam has also pledged its commitment to the Paris Climate Agreement, setting a target to reduce greenhouse gas (GHG) emissions by 8 per cent by 2030, a number the country believes could increase to 25 per cent if it receives additional foreign investment and support. The BCG Group believes there are eight things that need to happen to unlock economic value in the range of $30 billion in annual GDP impact by 2030. Drive cost-competitiveness and greenhouse gas reductions in Vietnam’s oil and gas sector; This agenda will require substantial investment - potentially of approximately $100 billion through 2030. However, with this will come new jobs and business opportunities for local firms and investors as well as more sustainable energy sources for the country as … [Read more...] about Transforming Vietnam into a regional energy powerhouse
Grab has set lofty goals for its “Grab for Good” programme to be reached by 2025 By leveraging its technology, platform, and partnerships, Grab has set ambitious goals for its “Grab for Good” programme by 2025. First is to improve digital inclusion and digital literacy in Southeast Asia: To ensure that everyone, regardless of background or ability, is able to benefit from the rise of the digital economy, Grab aims to bring digital literacy and greater inclusion to 3 million Southeast Asians by 2025 through partnerships with governments, private companies, and non-profit organisations. The second goal is empowering micro-entrepreneurs and small businesses. Micro-entrepreneurs are at the core of Grab’s business model while small businesses are the lifeblood of Southeast Asia’s economies. To enable them to tap into the cost-savings and increased productivity brought on by technology, Grab aims to help over 5 million more traditional businesses, and … [Read more...] about Grab sets 2025 goals to use tech for good in Southeast Asia
PV Drilling will provide Heavy Tender Assist Semi-Submersible Drilling Unit “PV DRILLING V” for Brunei Shell Petroleum Company Sdn Bhd. — Photo courtesy of PVN PetroVietnam Drilling & Well Service Corporation (PV Drilling) will provide Heavy Tender Assist Semi-Submersible Drilling Unit “PV DRILLING V” for Brunei Shell Petroleum Company Sdn Bhd (BSP). According to a contract signed on September 24, PV Drilling will provide the tender assist semi-submersible drilling rig (TAD) for BSP’s deepwater drilling project in Brunei. This is also PV’s longest-term drilling contract and will develop business and ensure revenue next year, the company reported on its website. This contract is part of PV Drilling's plan seeking business opportunities in foreign markets. The PV DRILLING V, the 8th TAD in the world, is the latest generation of its kind with advanced technology. It also has the first design with high-tech applications that helps the rig work … [Read more...] about PV Drilling provides drilling rig for Brunei firm