Corporate news

The event was organised on January 17 at the projects sales office, which willopen officiallyafter Tet. Itattractedseveral key investors and members of the development team and chosen agencies like Smartland, Gia Phat Land, Hana Home and Phu Hoang Land. … [Read more...] about Thu Thiem River Park appoints sales agents

Hanoi (VNS/VNA) - The Mekong Delta province of Tra Vinh is witnessing a series of wind power projects settling in the province thanks to its favourable position, with total investment exceeding 42 trillion VND (1.8 billion USD). Among them is the 48 MW wind power plant project invested by Truong Thanh Vietnam Group JSC in co-operation with Sermsang Power Corporation. The project covers an area of 1,220ha, with a total investment of 2.23 trillion VND. Construction on the project started in September last year and is expected to be partially connected before October this year. The Refrigeration Electrical Engineering Corporation (REE) also plans to invest in the No 3 wind power plant with a total investment of VNĐ1.22 trillion on an area of 1,225 ha. Construction started in October 2019, with a total expected capacity of 48KW. The North Investment Construction and Development JSC and Hung Bac Energy Investment JSC have signed a Memorandum of Understanding on a wind power project … [Read more...] about Wind power projects boom in Tra Vinh province

Employees of HCMC Securities Corporation monitor stock prices. The VN-Index decreased after a four-day winning streak on January 20 - PHOTO: THANH HOA HCMC – The local stock market came under a slight correction after a four-session winning streak today, January 20, sending the VN-Index down by 0.33 point, or 0.03%, at 978.63. … [Read more...] about Stocks correct after 4-day rally

Hanoi (VNA) – The Thai government has agreed with Toyota Motor Corp.’s plan to produce electric vehicles and plug-in hybrids in Thailand. With approval from the Thai government's Board of Investment, effective on January 7, Toyota will have to initiate production within three years to benefit from the country's tax privileges, including corporate income tax exemption, although no penalties will be imposed for abandoning the plan, Kyodo news reported. However, details about schedule and models for production have yet to be finalised. In its strategy released in 2017, Toyota aims to sell more than 1 million electric vehicles and fuel-cell vehicles by 2030 globally. The Board of Investment introduced its tax privilege scheme for electric vehicles and plug-in hybrids in March 2017 to promote investment in such green cars. Besides Toyota, Mazda Motor Corp., Nissan Motor Co. and Mitsubishi Motors Corp. among other Japanese automakers have also applied for the scheme./. … [Read more...] about Toyota gets approval for electric vehicle production in Thailand

The contract was signed between Indonesian state-owned construction firm Pembangunan Perumahan (PP), China Aluminum International Engineering Corporation Limited (CHALIECO) and Borneo Alumina Indonesia (BAI) in Beijing on January 11. BAI is a joint venture between the Aluminum Corporation of China Limited (Chalco), the State-owned aluminum producer Indonesia Asahan Aluminium (Inalum) and the State-owned mining company Aneka Tambang. Construction on the refinery began in December 2019, one year behind the initial plan. It is expected to be completed in 2022 with an annual capacity of over 1 million tonnes. Indonesia now has the only Ketapang alumina refinery in West Kalimantan, which is owned by China – Indonesia joint venture Well Harvest Winning. It has an annual capacity of 1 million tonnes. Other eight refineries capable of producing 8.73 million tonnes are being built and slated for completion next year./. … [Read more...] about Indonesia, China sign deal for alumina refinery