Workers produce motorised vehicle spare parts at a factory of the Japanese-invested Keihin Vietnam Co. Ltd in Thang Long II Industrial Park, Yen My district, Hung Yen province (Photo: VNA) Hanoi (VNA) – Members of the European Union (EU) have expressed their belief in the positive impact that the bloc’s free trade agreement with Vietnam (EVFTA) will have on bilateral trade relations. The deal, signed in Hanoi on June 30, is the first the EU has inked with a developing country in Asia, paving the way for the gradual reduction of up to 99 percent of tariffs between the two sides, as well as for the opening of the service and public procurement markets. Vietnam is currently the second biggest ASEAN trade partner of the EU, which is also one of the key trade partners of the Southeast Asian nation. Bilateral trade reached 55.8 billion USD in 2018. Vietnam’s key exports to the EU include telecom devices, footwear, apparel, furniture and agricultural products. Meanwhile, … [Read more...] about EU believes in positive impact of trade deal with Vietnam
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Gulf Group launching solar projects in vietnam On June 19, 2019, Gulf Group held the inauguration ceremony of TTC No.01 and TTC No.02 solar power plants in Thanh Thanh Cong Industrial Zone, An Hoa commune, Trang Bang district, Tay Ninh province, 57.1 kilometres from Tay Ninh city and 48.3km from Ho Chi Minh City. TTC Solar Power Project No.01 was built on an area of 69.5 hectares, of which the area for installing solar PV panels is 42.53ha, having a capacity of 68.8MWp. The project officially started the construction of ground leveling on May 25, 2018 with the total investment of approximately $65 million. Due to effective support from the management, staff, and contractors, after only 10 months of construction the project was put into operation on March 6, 2019. The plant provides the national electricity system with an electricity output of about 106 million kWh per year, meeting the energy demand of about 87,347 households and reducing CO2 emissions by about 85.45 … [Read more...] about Gulf Group launches two solar projects in vietnam
Illustrative photo (Photo: VNA) Hanoi (VNA) – The Vietnam Report Company, in collaboration with Vietnamnet newspaper, announced the Top 10 most prestigious retailers in Vietnam in 2018 on October 25. In the group of convenience and supermarket commodities, Vincommerce Joint Stock Company of Vingroup topped the list. It was followed by EB Services Co., Ltd.; Saigon Co.op; Aeon Vietnam Co., Ltd.; Tan Son Nhat Airport Services JSC; Lotte Vietnam Co., Ltd.; Saigon Trading Group; Hanoi Trade Joint Stock Cooperation (Hapro); Lan Chi Investment and Service Co., Ltd.; and Noi Bai Airport Services JSC. Meanwhile, the Mobile World Investment Corporation ranked first in the list of the most prestigious retailers in terms of durable, electronic and refrigeration goods. It was followed by Phu Nhuan Jewelry JSC; FPT Retail; Saigon Jewelry Co., Ltd.; Doji Jewelry Group; Mediamart Vietnam JSC; Cao Phong Co., Ltd.; VHC Trading Co., Ltd.; Fahasa JSC; and Pico JSC. Companies are evaluated, … [Read more...] about Top 10 most prestigious retailers in Vietnam in 2018 announced
The six investment certificates were issued by Dung Quat Economic Zone (EZ) Management Authority and presented to the company representatives at a ceremony at Doosan Heavy Industries Vietnam’s high-tech industrial complex in the central province of Quang Ngai on July 25, 2018. Park Hong Ook (second from right), Doosan Vina’s CEO, with the South Korean representatives The six new Korean firms that will invest in Quang Ngai include Kwang Jin Vietnam, Samshin Valve Vina Co., Ltd., Wookwang Vietnam Co., Ltd., Yoobong Vina Co., Ltd., Hanbit P&L Vina Co., Ltd., and Nasan Electric Industries Co., Ltd. The six companies will pour $11 million into their six factories that will take up a total of 65,022sq.m in Dung Quat EZ in Binh Son District's Binh Thuan commune. The factories will be begin construction in August this year. Once put into operation, they will provide packing and logistics services as well as manufacture electrical components, industrial valves, … [Read more...] about Doosan helps six Korean firms doing business in Vietnam
The Ministry of Transport has ordered GrabTaxi Vietnam Co Ltd to halt a planned expansion (Photo: VNA) Hanoi (VNA) - The Ministry of Transport has ordered GrabTaxi Vietnam Co Ltd to halt a planned expansion; the company will only be permitted to grow within the five localities in their pilot programme. The five localities are Hanoi, Ho Chi Minh City, Khanh Hoa, Da Nang and Quang Ninh. The move came after the company submitted a request to broaden their business in localities including Ninh Thuan, Dong Thap and Gia Lai. The ministry said it welcomes the application of science and technology to support business development because it improves service quality and convenience for customers. However, the ministry ruled that such application should only operate in designated localities by transport firms with business licenses and with vehicles registered to the ministry. The rules aim to ensure fair competition and fulfilment of tax obligations to the State, the ministry said. … [Read more...] about Transport Ministry rejects GrabTaxi Vietnam expansion request
(VEN) - In mid-April 2018, Binh Son Refining and Petrochemical Company Limited (BSR Co., Ltd) was again honored at the 14th National Technical Innovation Contest as it owned one of four innovative solutions of the petroleum and gas industy awarded this time. Competing with 536 other solutions nationwide, the solution themed "Improving reliability and optimizing operation of depressurization stations in Dung Quat Oil Refinery" by author Nguyen Ngoc Thanh and his colleagues from BSR won the third prize. In previous competitions, BSR also often had solutions to win prizes. During 10 years of operation of Dung Quat oil refinery, BSR showed its capability to master science and technology and promoted initiatives and creativity in production. So far, BSR has had more than 163 initiatives, benefiting the State US$138 million. The company has implemented 33 scientific research projects, most of those have been applied in production and business activities, bringing high … [Read more...] about BSR Co., Ltd: Sustainable growth based on technology and creativity
Vietnam’s 10 most active architecture firms and property developers received the BCI Asia Top 10 Awards in Ho Chi Minh City on May 25. The portfolios of these elite architecture firms contain $7.57 billion worth of properties scheduled to start construction in Vietnam this year while the portfolios of these top developers contain $3.92 billion. The winners of 2018 are architecture and property firms with the greatest aggregate value of projects under construction during the last full calendar year weighted by the extent of their sustainability efforts. For architecture firm, pre-tender projects were included to recognize early incorporation of green design efforts. BCI Asia Top 10 Developers Award 2018 were given to Dat Xanh Group, Empire Group, FLC Group, Hung Thinh Real Estate Business Investment Corporation, MBLand Holdings, Phuc Khang Corporation, Sun Group, Tien Phuoc Real Estate Joint Stock Company, VinaCapital Real Estate Co Ltd, and Vingroup, during a ceremony at the … [Read more...] about BCI Asia awards Vietnam’s top 10 architecture, real estate firms
Guests experience Panasonic’s solutions at the workshop Under the impact of climate change, large cities in Vietnam is now facing increasingly serious air pollution that mainly originates from traffic, construction and human being daily activities. In particular, indoor air quality (IAQ) comes as major concern to home owners, experts, investors, constructors and consultants. Panasonic's total solutions not only helps “green” and “smart” buildings achieve outstanding energy-saving performances, but also ensures a comfortable, safe and healthy living environment. In order to achieve such a goal, Panasonic introduces the total solution consists of IAQ systems and air conditioning systems. The IAQ systems completely solves the issue of air quality in residential construction in urban areas, ensuring a harmonious living space composing four basic elements: temperature - airflow - humidity – purification delivered by a wide variety of product lines … [Read more...] about Panasonic Vietnam introduces total solutions for energy efficiency and improved indoor air quality
JGC Corporation has announced that its overseas affiliated company JGC Vietnam Co. Ltd. had been awarded a contract for the construction of a mega-solar power generation project planned in Krong Pa District, Gia Lai Province, Vietnam, by Gia Lai Electricity Joint Stock Company, a subsidiary of TTC Group. The lump sum turnkey contract covers the engineering, procurement, construction and commissioning (EPCC) work for the mega-solar power generation plant with delivery in autumn 2018. The plant is planned to have a capacity of 49MW (AC), making it among the largest such facilities in Vietnam. Gia Lai Electricity Joint Stock Company is a member of TTC Group. TTC is a multi-industry corporation with nearly 40 years of operation, consisting of four corporations, one segment, and over 150 subsidiaries and joint companies. It has investments in several industries including real estate, energy, agriculture, education and hospitality. The TTC Energy segment, with its main unit being Gia Lai … [Read more...] about TTC energy segment inks EPCC contract with JGC Vietnam Co. Ltd.
Vietnam Posts and Telecommunications Group (VNPT) is preparing to submit a statement to the State Bank of Vietnam and the Ministry of Information and Communications (MIC) that it has officially signed the contract to sell PTF to Southeast Asia Commercial Joint Stock Bank (SeaBank). This was revealed by Tran Manh Hung, chairman of VNPT, at the meeting of MIC on February 5. “VNPT has just held a successful auction of PTF with the participation of two banks,” he said. The successful selling price was higher than the initial price set by VNPT.Earlier, according to the announcement of VNPT, the auction of PTF was to take place on February 1, 2018 at the initial price of VND500 billion ($220 million), which is the charter capital of the company stated in the business certificate granted in 1998.In additional to losing almost all of its owners' capital, by the middle of 2017 PTF has accumulated debts of VND347 billion ($15.3 million), including VNPT's debts.The regulations of the … [Read more...] about SeaBank acquires Post and Telecommunication Finance Co., Ltd.