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Hanoi (VNA) – The southern province of Dong Nai will build four routes linking localities with the area of Long Thanh International Airport whose construction began earlier this month. According to Nguyen Bon, Deputy Director of the provincial Department of Transport, the construction of the roads, each stretching 45-60m, is expected to cost thousands of trillions of Vietnam dong. The routes include three directly leading to the airport, notably one running from the intersection with road DT 763 in Dinh Quan district, Dong Nai province, to National Highway 51 in Long Thanh district. The route, with investment of 2.3 trillion VND (99.2 million USD), has been regarded as a strategic road connecting Long Khanh city and such districts as Dinh Quan, Thong Nhat and Cam My with the airport. The other aims to connect localities in the eastern part of Dong Nai, and ease overloads for National Highways 1A and 20, and the Dau Giay intersection. Dong Nai also plans to expand and … [Read more...] about Routes leading to Long Thanh airport to be built

Hanoi (VNA) - Myanmar attracted investment capital of over 348 million USD from permitted foreign enterprises in the first quarter of the 2020-2021 fiscal year starting October, according to figures of the Directorate of Investment and Company Administration (DICA). In the reviewed quarter of the current fiscal year, the Myanmar Investment Commission (MIC) gave the go-ahead to 23 foreign investment enterprises. During the period, the manufacturing sector attracted most investment capital with over 158 million USD, followed by the hotel and tourism sector with more than 81 million USD and the electricity power sector, over 48 million USD, the DICA figures showed. In the last fiscal year, Myanmar attracted over 5.5 billion USD in investment from 245 permitted foreign enterprises. Singapore, China and Thailand are top leading investors in the Southeast Asian nation. Regionally, the Yangon region attracts 60 percent of the investment from both home and abroad, followed by Mandalay … [Read more...] about Myanmar attracts over 348 million USD in foreign investment in Q1

Thanks to its vision, Vietnamese companies have elevated their businesses into higher levels after becoming members of SCG. Typically, Song Gianh Cement JSC has recorded improved business performance after the 100 per cent buyout to SCG. The company also adopted state-of-the-art technology to make innovative products for the market. The new cement products in line with international standards have helped Song Gianh Cement enhance its competitiveness in the market. … [Read more...] about Long-term development commitments realised through strategic M&A moves

Previously, Bui Trung Kien, deputy general director of Ho Chi Minh City Electricity Corporation (EVNHCMC) said: “So far, industrial and commercial rooftop PV systems’ capacity in Ho Chi Minh City has reached nearly 70MWp. Assessments show a potential generation capacity of nearly 1,500MWp, which means the room for solar power development in Ho Chi Minh City is huge. According to EVNHCMC, there were 8,762 grid-connected rooftop solar power systems in the city in 2020, including the residential sector.” … [Read more...] about New energy renewable and efficiency model applied at Tan Son Nhat Airport

In contrast to bluechips, many speculative stocks shot up to the ceiling prices, including FLC, HQC, FIT, TTF, CIG, DLG, HAI, TNI and AMD. Industrial zone developer ITA rose 2.39% to VND8,560 and was the second most actively traded stock on the southern market with 24.8 million shares changing hands. … [Read more...] about VN-Index ends in the red as bluechips sink