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Vincom shopping mall in Ha Noi. Vingroup (VIC) was the biggest contibutor to the VN-Index yesterday with a growth of 2.1 per cent. — VNS Photo Mai Huong Shares eked out a gain in HCM City but lost ground in the last trading minutes in Ha Noi amid rising investor caution at the high price range. On the Ho Chi Minh Stock Exchange, the VN-Index inched up 0.05 per cent to close yesterday at 1,275.28 points – its third rally session this week and fourth since last Friday. The market breadth was negative, however, with 191 stocks rising, 252 falling and 118 closing flat. Realty stocks backed the market as half the top 10 shares lifting the VN-Index were real estate firms. Vingroup (VIC) was the biggest contributor with a growth of 2.1 per cent, followed by No Va Land Investment Group (NVL), Phat Dat Real Estate Development (PDR) and Investment and Industrial Development Corp (BCM) with gains of between 1.7 per cent and 7 per cent. Beverage companies also performed well with the … [Read more...] about Shares eke out gains in HCM but investors watch out at high price range

On August 12, the Danang People's Committee in collaboration with State Committee for Overseas Vietnamese Affairs (SCOV) held a seminar in Ho Chi Minh City to introduce Danang’s investment climate. The event attracted overseas Vietnamese to participate online from 19 countries and territories including the United States, Canada, Japan, South Korea, China, Taiwan, Australia, Germany, Russia, Poland, Slovakia, England, France, Italy, Belgium, Switzerland, Hungary, Thailand, and Mongolia. The event also saw the participation of 100 enterprises run by Vietnamese abroad. At the seminar, Do Thi Quynh Tram, deputy director of the Investment Promotion and Support Department shared a report about Danang’s strategies for development and called for investment in the city. The report covers preferential policies as well as projects calling for investment in the fields of high-tech industry, IT, supporting industries, and industrial park infrastructure construction. She also … [Read more...] about Overseas Vietnamese strengthen Danang’s investment climate

At the Saigon Autotech & Accessories 2018 (Photo: VNA) Hanoi (VNA) – The Saigon Autotech & Accessories 2019 expo is set to take place during May 23-26, 2019 at Ho Chi Minh City’s Saigon Exhibition and Convention Centre. The event will be held by Asia Trade Fair and Business Promotion (ATFA), in collaboration with the industry agency under the Ministry of Industry and Trade, the Vietnam Chamber of Commerce and Industry, and the Vietnam Association of Supporting Industries. According to the ATFA, it will host more than 500 booths of over 300 businesses and is expected to attract some 15,000 visitors. Along with domestic businesses, various firms from foreign countries and territories have registered to attend the event, including those from Germany, India, Taiwan, China, Thailand, Malaysia, Indonesia, the Republic of Korea, and Singapore, and more. The 15th edition of the Saigon Autotech & Accessories will offer businesses the chance to share their current … [Read more...] about Over 300 firms to attend Saigon Autotech & Accessories 2019

TTC Phong Dien solar power plant invested by GEC. — Photo geccom.vn JERA Inc., a power generation company of Japan, has signed a deal to buy a 35.1 per cent stake at Viet Nam’s Gia Lai Electricity Joint Stock Company (GEC) to tap the Southeast Asian nation's growing demand for electricity and further its own decarbonisation efforts, Nikkei Asia reported. JERA, a joint venture between Tokyo Electric Power and Chubu Electric Power, will invest 15 billion JPY (US$112 million) in the Vietnamese renewable energy company. The purchase comes as JERA aims to increase its renewables generation capacity to 5,000 MW by 2025. The stake in GEC will add 190 MW, bringing the company's total renewables capacity to 1,900 MW. JERA will also consider jointly developing solar and onshore wind projects with GEC. JERA has already participated in renewable energy projects across Asia, including India and Thailand. It has operated a gas-fired power plant in Viet Nam since 2005. GEC owns hydro, … [Read more...] about Japanese firm buys 35.1 per cent stake in Viet Nam’s power company

Dry port in Udon Thani (Source: Bangkokpost) Bangkok (VNA) - The Industrial Estate Authority of Thailand (IEAT) has said that it is planning to develop a dry port in Udon Thani, with the aim of developing the northeast province into a centre for regional land transport, linked with the Chinese-Lao high-speed train system. According to the IEAT’s leader Veeris Ammarapala, the new inland transport facility will support trade among provinces in the northeast and the Thai economy. This port will also improve the efficiency of Thai logistics and land transport via roads and railways, he said. The IEAT is also confident the dry port in Udon Thani has the potential to serve ASEAN as a new transport hub in the future because Thailand is located in mainland Southeast Asia, surrounded by Myanmar, Laos, and Cambodia, with southern China nearby. The IEAT said the new dry port can be linked with Laemchabang deep-sea port in Chon Buri and Map Ta Phut deep-sea port in … [Read more...] about Thailand eyes to own regional land transport centre

Visitors at the event (Photo: VNA) HCM City (VNA) – The 14th Saigon Autotech & Accessories 2018 opened on May 24 at the Saigon Exhibition and Convention Centre in Ho Chi Minh City with 300 booths organised by leading domestic and foreign firms in automobile and motorbike, spare part and accessories manufacturing. Addressing the opening ceremony, Pham Tuan Anh, Vice Director of the Department of Industry under the Ministry of Industry and Trade, said that the event is a good chance to connect manufacturers, suppliers and service providers and customers. The exhibition is hoped to create an opportunity to introduce latest products, technology and equipment in the field, he said. Anh held that support industry for Vietnam’s automobile sector has been initiated, but still can supply simple parts with low technology ratio. Meanwhile, there are rooms for the industry to develop, he added. He stressed that in the future, it is necessary to increase activities to promote … [Read more...] about Saigon Autotech & Accessories 2018 kicks off in HCM City