Yen projections

The HCMC Urban Environment Company (Citenco) and the HCMC Finance and Investment State-owned Company (HFIC) said the projects would use advanced technologies to promote sustainable development and foster a green economy. One of the projects is to complete a 20 ha landfill at the Phuoc Hiep waste treatment complex in Cu Chi District. The landfill, which can process 2,000 tons of waste each day, is expected to commence within the first quarter this year and be completed in three months. The VND200 billion landfill project will be a backup plan when existing landfills become overloaded or stop operating. The construction of a VND3 trillion waste-to-energy power plant within the same landfill is another project. With an incinerating capacity of 1,000 tons of waste a day, the plant is expected to help reduce trash in the city while producing electricity for the national grid. Another project, relocating a hazardous waste treatment plant from Hoc Mon District to Cu Chi, would also be … [Read more...] about HCMC firms to spend $261 mln on environmental projects

The Hanoitimes - In addition to current incentives, Vietnam also offers tailor-made ones for hi-tech projects that help local firms further integrate into global value chains, said a senior government official. A government’s task force on promoting foreign direct investment (FDI) in Vietnam has been in contact with a number of global tech firms that are considering investing in large scale projects of up to US$1 billion each in Vietnam, according to Do Nhat Hoang, director of the Ministry of Planning and Investment’s Foreign Investment Agency. Overview of the online conference. Photo: VGP. Details of those in discussion, however, remained classified, Mr. Hoang, who is also a member of the task force, said at an online discussion on attracting FDI to Vietnam on September 4. According to Mr. Hoang, Vietnam remains a favorite investment destination for foreign businesses. While global FDI is projected to decline by 40% year-on-year in 2020, FDI commitments to … [Read more...] about World major tech firms consider billion-dollar investment projects in Vietnam

The Hanoitimes - This is the right time for Vietnam to adopt a selective approach in attracting FDI inflows to better meet its needs, said Deputy Prime Minister Pham Binh Minh. Vietnam remains selective in attracting foreign direct investment (FDI) projects, with efficiency, use of advanced technology and environment-friendliness being the main criteria, according to Deputy Prime Minister Pham Binh Minh. Deputy Prime Minister Pham Binh Minh at the meeting. Photo: VGP. Priorities would be given to projects using new and green technologies, with high added value, modern corporate governance, high spillover effects, ensuring technology transfer and being integrated with global supply and production chains, Minh said at a meeting of the government’s task force specialized in FDI attraction on July 23. According to Minh, who heads the task force, Vietnam has been widely seen as an attractive investment destination, mainly thanks to its existing competitive … [Read more...] about Vietnam remains selective in attracting FDI projects

Invested by Fuji Phuc Long Development Co.Ltd, the 50-year project will be carried out in Hong Thai, Tang Tien communes and Nenh township in Viet Yen district, covering 50ha in the first stage. The PM asked the provincial People’s Committee to be responsible for choosing investors to carry out projects in line with legal regulations regarding investment, bidding, land and real estate trade and relevant laws, with a priority given to projects using modern and eco-friendly technologies. It must also implement compensation and site clearance, and transfer land use purpose to embark on projects as approved in terms of scale, location and progress. The committee was also assigned to direct the provincial management board of IPs to ask investors to make deposit to ensure project implementation in line with the investment law. The board and agencies concerned must also oversee the implementation of projects in line with laws on investment, land, environment, construction and real … [Read more...] about PM approves infrastructure building at Viet Han IP

Illustrative image (Photo: VNA) Hanoi (VNA) – Denmark prioritises helping Vietnam’s energy sector with green development and transformation, Danish Ambassador to Vietnam Kim Højlund Christensen affirmed on February 24. He was speaking at an online signing ceremony of Memoranda of Understanding on cooperation in the supply of pile foundations and logistics ports for the La Gan offshore wind power project in the south central province of Binh Thuan. Collaboration in projects like La Gan will contribute to expanding and enhancing cooperation between the two countries in sharing information, and improving the capacity of experts and employees, especially in the offshore wind power supply chain, the ambassador said. The La Gan wind power project, with an estimated capacity of nearly 3.5 GW, is being developed by Copenhagen Infrastructure Partners (CIP), Asiapetro and Novasia. It is expected to generate electricity for over 7 million households each year. According to … [Read more...] about Denmark prioritises supporting Vietnam in green energy development