Kymco commissions motorcycle factory in Binh Duong The Saigon Times Daily HCMC – Motorcycle manufacturer Kymco has put into operation a US$20-million facility at Dai Dang Industrial Park in the southern province of Binh Duong, Vietnam News Agency reports. The Taiwanese company said the new factory assembles motorcycles and outsources spare parts for sale in Southeast Asia and European markets, including Germany, France and Italy. The facility will operate as a manufacturing center for the region. The new factory is part of a long-term strategy of Kymco to invest heavily in facilities and human resources in this market. In addition to motorcycle production factories, the company has opened many showrooms nationwide. Tran Thanh Liem, vice chairman of Binh Duong Province, said local leaders support the motorcycle project of Kymco as this is one of the sectors the province is calling for investors. Kymco launched motorcycle model Many S with engines of 50cc for female customers … [Read more...] about Kymco commissions motorcycle factory in Binh Duong
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VSIP: A loan of US$ 25 million for VSIP Binh Duong Integrated Township and Industrial Park
VSIP Binh Duong Integrated Township and Industrial Park project is located in Binh Duong New City and VSIP II. The amount will be added to the project capital. Currently, the first phase of the project was completed and the second phase is being deployed. In March 30th, 2010, VSIP also received a loan of US$ 30 million from Standard Chartered. Therefore, VSIP poured US$ 55 million for the VSIP Binh Duong Integrated Township and Industrial Park project. … [Read more...] about VSIP: A loan of US$ 25 million for VSIP Binh Duong Integrated Township and Industrial Park
Signing MOU on establishing the Binh Duong’s Vietnam – Korea Cooperation Center
BEGIC - In order to enhance the friendship cooperation between Vietnam – Korea and between the two sisterhood Binh Duong province and Daejeon City in the morning of June 04th, at Binh Duong hall was held the signing ceremony of the memorandum of understanding (MOU) on establishing the Binh Duong’s Vietnam - Korea Cooperation Center by Binh Duong Youth Union and the International Exchange Center of Korea. The International Exchange Center of Korea will support the management of the Vietnam - Korea Cooperation Center (the Center) such as officer sending, creating the fund for the center. Binh Duong Youth Union and Binh Duong Foreign Affairs Department will cooperate with the related departments to process the establishment of the Center under the regulation of Vietnam. The Center’s activities comprise of promoting exchange between Vietnam and Korea (Culture exchange, support the investment promotion and the exchange among government offices and … [Read more...] about Signing MOU on establishing the Binh Duong’s Vietnam – Korea Cooperation Center
HSBC spreads network to Binh Duong
HSBC spreads network to Binh DuongBy Thu Thuy - The Saigon Times DailyThomas Tobin, Chief Executive Officer of HSBC Bank Vietnam, said in the statement that the branch in Binh Duong is the first of many planned for He explained that “local incorporation allows us to have a broader distribution network to reach more customers in Vietnam’s major economic centers.”The new Binh Duong branch offers a comprehensive range of services, with a focus on corporate services, which is one of the target sector of HSBC in Vietnam, such as commercial banking, payment and cash management, trade and supply chain as well as personal financial services.John Coverdale, who has just been assigned as group general manager and global co-head commercial banking for HSBC and is in charge of HSBC’s relationship with all middle market corporate and small and medium enterprises in Asia-Pacific and the Middle East, came to Vietnam to participate the ceremony.He said Vietnam was among top … [Read more...] about HSBC spreads network to Binh Duong
Aeon to have new mall in Binh Duong
Aeon to have new mall in Binh Duong Kinh Luan By Kinh Luan - The Saigon Times Daily HCMC – Japanese-invested firm Aeon Vietnam has said it will open a new shopping mall in the southern province of Binh Duong with a total investment of US$95 million in the near future. Its operational Aeon Shopping Mall Tan Phu Celadon in Tan Phu District in HCMC needed total capital of US$106 million while the forthcoming facility in neighboring Binh Duong will cost less but have a larger area, Aeon general director Yasuo Nishitohge said. Aeon is working on a third mall plan in the country. The Long Bien shopping mall in Hanoi will be up and running in the third quarter of next year through a joint venture with local firm Him Lam Group. Three months after the opening of the mall in Tan Phu District, Nishitohge said it had reported good sales. However, he admitted Aeon is facing an increasingly fierce competition from other store operators. More than one-third of products at the first Aeon … [Read more...] about Aeon to have new mall in Binh Duong