Danish investors

Hanoi has planned to spend VND500 billion (US$21.7 million) in the period of 2021-2025 to assess the status of more than 1,500 old apartment buildings. As many as 70 investors have registered to take part in renovating downgraded condominiums following Hanoi's call for investment from the private sector, according to the municipal Department of Construction. Notably, the municipal government has conducted inspections and made plans to renovate and rebuild the old apartment building with funding from the municipal budget. Under the plan, all dwellers of the six condos classified as “dangerous” must be relocated by March 2022. The six dilapidated apartment buildings include four in the district of Ba Dinh, including C8 Giang Vo condo, G6A Thanh Cong, Ngoc Khanh, and the apartment blocks of the Ministry of Justice at 148-150 in Son Tay Street, and two others at 51 Huynh Thuc Khang Street in Dong Da District. These buildings, built from 1954 to 1990 are now severely degraded and … [Read more...] about Some 70 investors want to renovate degraded condominiums in Hanoi

In order to strengthen connectivity, promote friendly cooperation activities, and attract investment between Vinh Phuc province and Japanese localities and businesses, Vinh Phuc province coordinated with the Ministry of Foreign Affairs, the Japanese Embassy in Vietnam, and the Japan Trade Promotion Organization to organise the a conference on boosting Vietnam-Japan connection, cooperation, and development in Vinh Phuc province. The conference will take place on June 23 at the Dic Star Hotel in Vinh Yen city under the chair of the Vietnamese Minister of Foreign Affairs of Vietnam, Japanese ambassador in Vietnam, agencies and committees, and hundreds of businesses from both countries. During the conference, the participants will visit industrial zones that Japanese enterprises are investing and doing business in Vinh Phuc province; booths of oustanding products of the province, potential investment advantages, as well as achievements of cooperation between Vietnam and Japan. The … [Read more...] about Vinh Phuc strengthens connection and cooperation with Japanese investors

Wind experts in Vietnam are suggesting improved bankability in order to attract finance from elsewhere, Photo: Shutterstock Mark Hutchinson, chair of the Southeast Asia Task Force at the Global Wind Energy Council (GWEC) said the investment rate of offshore wind power projects is very large. Therefore, Vietnam needs to have a clear process and an appropriate price to attract investors. At the same time, it is also necessary to consider the supply chain and develop seaport infrastructure. Commenting on the target of 7GW by 2030 as set out in the draft Power Development Plan VIII (PDP8), Hutchinson said it is necessary to have a conversion mechanism for the first 4GW, then implement a bidding mechanism for the remaining 3GW. “If we switch directly to the bidding mechanism, this goal will be difficult to achieve. Besides this, it is necessary to have capital financing from international banks because domestic banks have limited capital supply,” Hutchinson said at a conference two … [Read more...] about Investors clamour for wind incentives

At the award ceremony (Photo: thanhnien.vn) HCM City (VNA) - Tai Viet JSC - Vietstock and finance and life newswire Fili.vn released a list of local listed companies with the best investor relations (IR) on September 22. The IR Awards 2020, now in their tenth year, seek to raise awareness among listed companies about improving the transparency and efficiency of their corporate governance efforts and contributing to an open, transparent, and effective securities market in Vietnam. Among the 729 surveyed companies, 329 were transparent in information disclosure on both the Ho Chi Minh and Hanoi stock exchanges. Forty-five were shortlisted and divided into the categories of large-cap, mid-cap, and small & micro-cap. The top listed companies with the best IR, as voted by investors and financial institutions, included Hoa Phat Group, Novaland Investment Group Corporation, Vietnam Dairy Products JSC (Vinamilk), Mobile World Co. Ltd, and Vinhomes JSC./. VNA … [Read more...] about Listed companies with best investor relations in 2020 announced

Overhead view of a project under the North-South Highway Project. (Photo: VNA) Hanoi (VNS/VNA) - Nearly 18 months since the introduction of the 2021 Law on Public-Private Partnership (PPP) in Vietnam, it's still difficult to get investors to warm up to PPP projects despite the huge potential for growth, as the country ramps up efforts to build modern infrastructure, said industry experts and policymakers in a meeting in Hanoi on June 21. The Law on Public-Private Partnership was supposed to, in theory, address three major problems endemic in Vietnam’s infrastructure projects; slow progression, overbudget and poor quality. However, according to many in the field, the law has failed to tackle a number of fundamental issues, which has discouraged and hindered investors to commit to infrastructure projects. Dr Tran Chung, President of the Vietnam Association of Road Traffic Investors (VARSI) President, said the relationship between the State and investors, as of right now, was … [Read more...] about Lopsided relationship scares investors off PPP

Addressing nearly 700 delegates attending both online and offline from the two countries, Secretary of the provincial Party Committee Hoang Thi Thuy Lan said Vinh Phuc always views Japanese localities and businesses as leading important partners. Highlighting their long-standing and expanding cooperation, she said Vinh Phuc's official cooperative relations were set up with Japan’s Akita prefecture in March 2015, and Tochigi prefecture in December 2021, which have created important prerequisites for boosting bilateral partnerships in many areas. By the end of May, the province had housed 435 FDI projects with combined capital of 7.33 billion USD from 20 countries and territories. With 59 projects worth 1.62 billion USD, Japan ranks third in terms of project number and value but has always been the best performer when it comes to capital disbursement, project effectiveness, and contributions to the local budget, according to the official. Lan affirmed Vinh Phuc considers investors’ … [Read more...] about Vinh Phuc province seeks stronger links with Japanese localities, investors

Ash and slag storage yards of thermal power plants in Binh Thuan Province are on the verge of overloading. (Photo: SGGP) There are two pictures with two different shades of color of thermoelectric fly ash and slag in the Southern region. In Binh Thuan Province, the total amount of ash and slag from thermal power plants stagnant in storage yards has reached about 12 million tons by the beginning of 2022. Meanwhile, the total amount of fly ash and slag at the Duyen Hai Thermal Power Plant, built in 2015 in Tra Vinh Province, is roughly 3.67 million tons. From the time it was put into operation until the end of April 2022, the total amount of fly ash and slag generated by the Duyen Hai Thermal Power Plant was 7.88 million tons, and about 4.2 million tons were reused. There has been no consistent and radical solution for thermoelectric fly ash and slag. Dumpsite out of storage, consumption stagnant According to the report of the Department of Natural Resources and Environment of … [Read more...] about Investors neglect seeking fundamental solutions for thermoelectric ash, slag

Yamada highly valued Da Nang’s development over the past years and said it is currently an attractive investment destination. Many enterprises of Japan have invested successfully and operated well in the city. In the time ahead, cooperation between Japanese firms and Da Nang will grow even more, especially in the IT industry – a sector drawing great attention from local leaders, he noted. The diplomat expressed his hope that Da Nang and Japanese localities and businesses will record more successful partnerships in the future. Quang appreciated his guest’s introduction of Japanese investors to his city, adding that Da Nang is pressing on with perfecting mechanisms and building infrastructure to attract investment from Japanese firms and those around the world. He said he hopes the Japanese Ambassador will continue serving as an important bridge in the development of Japanese businesses and localities’ relations with Da Nang. In the short term, the city wishes to soon resume … [Read more...] about Da Nang hopes for tightened links with Japanese localities, investors

Illustrative photo At the conference, most businesses expressed their frustration because it takes years to get a construction permit; as a result, the progress of many real estate projects was slow and the property market in Ho Chi Minh City was quite quiet. Moreover, public land is interspersed with commercial housing projects that have existed for a long time but the government have not had solutions to remove bottlenecks. After listening to a series of opinions from businesses, Deputy Director of Ho Chi Minh City Department of Construction Huynh Thanh Khiet said sorry for the existing problems promising that his Department will coordinate with related departments and agencies to solve them. Mr. Huynh Thanh Khiet also added that at present, there are about 70 procedures and 40 processes related to the department that must be handled in terms of construction. Meanwhile, there are many provisions in the laws and decrees that exceed or are not in line with the policy of the … [Read more...] about Investors complain 2-year-long time of receiving construction permits

At the event (Photo: VNA) HCM City (VNA) – Investors from the Republic of Korea (RoK) in Ho Chi Minh City are facing a number of bottlenecks related to labour regulation and administrative procedures that need to be promptly removed, heard a June 24 dialogue between the municipal leaders and the business community. The collection of seaport infrastructure fees was also pointed to by many participating businesses. From April 1, 2022, all container vehicles entering and leaving the city’s Cat Lai port have to pay an additional fee for using seaport infrastructure. Korean firms proposed the establishment of a monthly gross payment process and a reduction of the fee, given their difficulties from increased logistics costs. Phan Van Mai , Chairman of the municipal People’s Committee, said the southern economic hub is working to recover after two years affected by the COVID-19 pandemic. Such recovery sees a significant contribution of the business communities, including … [Read more...] about HCM City works to clear hurdles for RoK investors