India infrastructure projects

Illustrative image (Photo: VNA) Hanoi (VNA) – A joint venture between India ’s Adani Group and Vietnam’s Anh Phat Investment Construction & Trading JSC has been approved by authorities of Da Nang to start studying the development of a major seaport in the central city, according to Nhan dan (People) newspaper. Lien Chieu Port will be capable of handling 3.5 – 5 million tonnes of cargo annually in the first phase. It can accommodate vessels of up to 100,000 tonnes and container ships of up to 8,000 TEU. The new port will be of the world class and offer a new engine for the development of Da Nang and Vietnam at large. Insiders said the project can provide 5,000 jobs and contribute up to 80 million USD to the city's coffer, equivalent to around 2.1 percent of Da Nang’s Gross Regional Domestic Product (GRDP), by 2030. The approval was officially granted by the municipal People’s Committee to the joint venture in the presence of Prime Minister Pham Minh Chinh at the … [Read more...] about India conglomerate pledges to invest 10 billion USD in Vietnam

In the framework of the seminar on spurring Danang’s development as a place to come and live, which was organised on June 27, the leader of Danang People’s Committee granted an investment certificate to the joint venture. The infrastructure of the port will combine a harbour area, a container yard, a warehouse complex, piers, waterways, and a transport system, among others. This project is expected to handle ships with a capacity of 100,000DWT and container ships of up to 8,000TEU. The total cargo going through these harbours would be 3.5-5 million tonnes per year. The development of Lien Chieu Port is one of two key projects that aim to turn the central city into the main logistics centre in ASEAN and the East-West Economic Corridor that links Laos, Myanmar, Thailand, and Vietnam. Adani Group is a diversified organisation in India with a market cap of over $175.21 billion (as of June 29) comprising seven publicly traded companies. The group acquired $21 trillion in profit in … [Read more...] about Adani Group to pour $10 billion into Lien Chieu Port

In the framework of the seminar on spurring Danang’s development as a place to come and live, which was organised on June 27, the leader of Danang People’s Committee approved the joint venture to study the investment feasibility of Lien Chieu Port. The infrastructure of the port will combine a harbour area, a container yard, a warehouse complex, piers, waterways, and a transport system, among others. This project is expected to handle ships with a capacity of 100,000DWT and container ships of up to 8,000TEU. The total cargo going through these harbours would be 3.5-5 million tonnes per year. The development of Lien Chieu Port is one of two key projects that aim to turn the central city into the main logistics centre in ASEAN and the East-West Economic Corridor that links Laos, Myanmar, Thailand, and Vietnam. Adani Group is a diversified organisation in India with a market cap of over $175.21 billion (as of June 29) comprising seven publicly traded companies. The group acquired … [Read more...] about Adani Group to pour $10 billion in Vietnam including Lien Chieu Port

Major tech-based companies like Samsung and Intel already have a presence in Vietnam, but the country is seeking even more, Photo: Le Toan The Fortune Global 500 goal is a highlight of Vietnam’s strategy for foreign investment cooperation for the 2021-2030 period. At a conference on strengthening Vietnam-Japan cooperation and development organised in the northern province of Vinh Phuc last week, Masuoka Hiroyoshi, general director of Thang Long Industrial Park Company, said that the group is continuing to survey locations to develop industrial zones, following Thang Long I and II industrial parks (IPs) in Hanoi and the northern province of Hung Yen and Thang Long IP in the northern province of Vinh Phuc. Sumitomo Corporation is one of the groups listed on the Fortune Global 500, and has operated IPs for over 20 years in Vietnam. “Since first entering Vietnam, the corporation has received support from the government, relevant authorities, and localities in completing … [Read more...] about Vietnam going for gold with Fortune Global 500 attraction

The Golden Bridge offers a check-in for tourists visiting the Sun World Ba Na Hills in Da Nang. The city has been designed as a liveable urban city. (Photo courtesy of Sun Group) Da Nang (VNS/VNA) - With stable growth in the economy, infrastructure, urban management, tourism and investment attraction, the central city of Da Nang is challenging to develop into a ‘liveable’ city of regional and global status. Economist Vo Tri Thanh said at a seminar on how to develop Da Nang as a destination and a liveable city in Vietnam and region, emphasising that the central city had not yet approached the ‘liveable’ standard and it needed much progress to reach the target. Thanh said Da Nang had been known as a favourite destination in Vietnam but was not yet a ‘worth living’ location in terms of enjoyment, relaxation, and entertainment. “A ‘liveable’ city requires maximising consumption, commodities, working places while promoting a ‘green’ environment, humanity, safe, smart and … [Read more...] about Da Nang strives to develop itself into ‘liveable’ city