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406 SOEs under divestment: exciting opportunities for investors
The government has just announced the list of 406 state-owned enterprises (SOEs) to be divested in the 2017-2020 period, drawing heavy attention from investors.
Foreign investors swarm Long Thanh airport project
In an attempt to reaffirm their ambitions of developing Long Thanh International Airport in the southern province of Dong Nai, Hanoi General Export Import JSC (Geleximco) and Hong Kong United Investors Holding (HUI) submitted their proposal to the prime minister for approval.
New entrants heat up Vietnamese beauty market
An increasing number of new players are entering the Vietnamese beauty market as local consumers are becoming more conscious of beauty treatment and products.
Saigon One Tower going under the hammer
The future of the ill-fated US$256-million Saigon One Tower remains uncertain after Vietnam Asset Management Company recently announced that the project will be seized due to the owners’ accruing significant bad debts.
Vietnam Renewable Energy Week kicks off new project
Amidst the development of renewable energy around the world, Green Innovation Center has started E-Enhance project, aiming to help improve knowledge and apply renewable energy solutions for organisations and individuals in Vietnam.
Low-emission energy technology: sole lifeline of textile and garment sector
The World Bank has officially introduced a $312.5-million loan package as part of the project themed “Vietnam Energy Efficiency for Industrial Enterprises” (VEEIE) to provide Vietnamese textile and garment enterprises capital to modernise equipment to save energy.
Heavy metal incident causes a steep drop in URC sales figures
Filipino firm Universal Robina Corp saw a sharp drop in its second quarter sales in Vietnam following recalls and a food safety scandal that occurred last year.
PT Intra Asia Indonesia to build $1-billion coal port in Vietnam
Seeing opportunities in Vietnam’s increasing demand for imported coal, Indonesian firm PT Intra Asia Indonesia is seeking the opportunity to build a coal port in southern Vietnam with a total investment capital sum of $1 billion.
Sugary drinks may get unsavoury tax
The Ministry of Finance is proposing the levy of a special consumption tax of 10-20 per cent on sugary drinks to combat obesity rates, though a similar proposal was rejected by the government three years ago.
Siemens’ net-zero quest
Over the past 170 years of development, German conglomerate company Siemens has been continuously improving sustainable energy.