Detailed project plan

The Japanese retailer plans to build 16 more shopping malls in Vietnam by 2025. AEON Mall Vietnam, the Japanese retailer, wants to invest in three or four more projects in Hanoi by 2025. AEON Mall shopping mall in Long Bien District. Photo: AEON Mall This plan was proposed by General Director of AEON Mall Vietnam Nakagawa Tetsuyuki at a recent meeting with Hanoi Party Secretary Dinh Tien Dung on May 13. By 2025, the Japanese retailer wants to build 16 more shopping malls in Vietnam. It is currently operating six department stores in Vietnam, including two commercial centers in Hanoi’s Long Bien and Ha Dong districts. As investment procedures for its project in Hoang Mai District is being finalized, the General Director of Aeon Mall Vietnam hoped Hanoi will continue to support and remove obstacles so that the execution of the project could kick off in the third quarter of this year. The Japanese business also asked the city to support the research and … [Read more...] about AEON Mall wants to invest in four more projects in Hanoi

Vice chairman Torben Minko How do member companies of the European Chamber of Commerce in Vietnam (EuroCham) evaluate the potential of public-private partnership (PPP) development in Vietnam? Vietnam has a promising opportunity for PPP development with a dynamic population, an increasing middle-income class, and also a rising need for high-quality products and services. Currently, PPPs are not yet applied in the services area. Service-based PPPs can unlock further contributions from the private sector toward an inclusive, forward-looking, and sustainable healthcare system. As such, a legal framework is a key that is conducive to business via a predictable and sustainable environment. EuroCham’s Healthcare Forum includes three sector committees namely Pharma Group (PG), International Quality Medicines (IQMED), and Medical Device Diagnostics (MDDs). The key interests of EuroCham members in PPP include machine installation models in hospitals, addressing public health concerns, … [Read more...] about Deploying public-private health plans

The Nha Trang - Saigon railway section. (Photo: SGGP) According to the proposal, the project has a total investment of more than VND1.098 trillion (US$47.9 million) funded from the State budget in the medium-term public investment plan for the 2021-2025 period. The project is expected to be implemented in three years, from 2022 to 2025. The project scope is in the Nha Trang - Saigon section of the North-South railway line, with the starting point at Nha Trang Station (Km1314+930) and the ending point at Saigon Station (Km1726+200), with a total length of about 411 kilometers. Specifically, the project will renovate and upgrade five weak bridges on the route; renovate and upgrade the upper layer architecture of nine degraded sections, with a total length of more than 87 kilometers. At the same time, the project will repair and upgrade Song Than Station (cargo station); build a new station combined with renovating the railway and synchronous works of Di An Station. Along with … [Read more...] about VND1.098 trillion to upgrade Nha Trang – Saigon railway section

There should be special mechanisms for economic ties between the two countries. The governments of Vietnam and Laos are closely working on the construction of the Hanoi-Vientiane expressway project that will facilitate sea access to land-locked Laos. Chairman of Vietnam’s National Assembly Vuong Dinh Hue speaks with Vietnamese businesses in Laos on May 15. Photos: Quochoi The information was released by Chairman Vuong Dinh Hue of Vietnam’s National Assembly who is on his three-day visit to Lao starting on May 15. Hanoi-Vientiane expressway, which is being built with funding from Japan, will enable Laos to access the sea in Vung Ang Seaport, Vietnam’s central province of Ha Tinh. Launched in 2016, the 725-km project, with an estimated investment of US$4.5 billion, is expected to boost economic connectivity between the two countries and Thailand’s northeast. Hue said the two countries' economic ties need to be boosted to become commensurate to the strong … [Read more...] about Vietnam, Laos boost construction of road linking two capital cities

The May 15 event took place on the occasion of the 60th anniversary of the bilateral diplomatic ties (September 5, 1962) and 45 years of the signing of the Laos - Vietnam Treaty of Amity and Cooperation (July 18, 1977). The Vietnamese Ministry of Culture, Sports and Tourism and the Office of the Lao People’s Revolutionary Party (LPRP) Central Committee are the main investors of the project. The park is located at Dong Mak Khai which is planned to be turned into a large urban centre of Vientiane capital city. It is a symbol of the special solidarity and close-knit ties between Vietnamese and Lao Parties, States and peoples, said Vietnamese Ambassador Nguyen Ba Hung at the ceremony. Once operational, the park will serve as an education venue, helping young generations of Vietnam and Laos as well as international friends understand more about the good, pure relationship, he said, noting that the project also demonstrates viewpoints and guidelines of the two Parties and States on … [Read more...] about N.A. Chairman attends groundbreaking ceremony of Laos – Vietnam park

Jakarta (VNA) - Air Products & Chemicals - a multinational industrial gas and chemicals manufacturer headquartered in the US, has carried out the first phase of its investment in projects worth 7 billion USD in Indonesia over the past two years. According to Bahil Lahadalia, Minister of Investment and head of the Investment Coordinating Board of Indonesia (BKPM), this figure accounts for nearly half of the 15 billion USD investment commitment of the company in Indonesia. The company has poured money in dimethyl ether and methanol production projects in the Balongan district of West Java province. Minister Bahil announced the above information after a meeting between President Joko Widodo and Seifi Ghasemi, President and Chief Executive Officer of Air Products, on May 13 in Washington D.C. According to Bahil, the sides discussed the development of an industry upstream to downstream in the petrochemical sector. He said at the meeting, President Jokowi emphasised the … [Read more...] about US company pours 7 billion USD into Indonesia

At the groundbreaking ceremony of the park (Photo: VNA) Vientiane (VNA) – National Assembly Chairman Vuong Dinh Hue and his Lao counterpart Saysomphone Phomvihane have attended the groundbreaking ceremony of the Laos-Vietnam friendship park in Vientiane, as part of his official visit to the neighbouring country. The May 15 event took place on the occasion of the 60th anniversary of the bilateral diplomatic ties (September 5, 1962) and 45 years of the signing of the Laos - Vietnam Treaty of Amity and Cooperation (July 18, 1977). The Vietnamese Ministry of Culture, Sports and Tourism and the Office of the Lao People’s Revolutionary Party (LPRP) Central Committee are the main investors of the project. The park is located at Dong Mak Khai which is planned to be turned into a large urban centre of Vientiane capital city. It is a symbol of the special solidarity and close-knit ties between Vietnamese and Lao Parties, States and peoples, said Vietnamese Ambassador Nguyen Ba … [Read more...] about NA Chairman attends groundbreaking ceremony of Laos-Vietnam park

Samsung completed another major part of the construction of the R&D centre in Hanoi The above ceremony marks the completion of 70 per cent of the workload. Samsung ensures that the construction goes on as planned and expects to take the centre into operation by the end of this year as previously committed to the government. Choi Joo Ho, general director of Samsung Vietnam said, “Through the centre, Samsung targets to foster the study capacity of Vietnamese talents in AI, IoT, big data, and 5G to create a premise for the country to be ahead of the pack with the changes of the Fourth Industrial Revolution.” Ho added, “The R&D centre not only proves Samsung’s long-term investment commitment in Vietnam but also shows the group’s determination to support the country in becoming the leading manufacturing hub in Southeast Asia.” The centre has the total investment of $200 million, and the construction was started in March 2020. The project’s construction was going on as … [Read more...] about Samsung completed parts of construction of R&D centre in Hanoi

China's withdrawal from hosting the 2023 Asian Cup could see the showpiece shift west to the Gulf, where new infrastructure and voracious demand for major events has made the region a magnet for international tournaments. Having planned to hold the Asian Cup across 10 cities in June-July next year, China dropped the 24-team tournament due to "exceptional circumstances caused by the COVID-19 pandemic", the Asian Football Confederation (AFC) said over the weekend. The AFC said it would name a new host in due course but provided no detail and declined to provide immediate comment to Reuters . AFC member nations were in the dark on Monday about the next steps. "This is quite an unusual situation and so there’s no specific process that we are aware of on how things could go," a spokesperson for the Korean Football Association (KFA) told Reuters . "We just know that China has given up." The AFC has little time to appraise candidates and may not have a diverse set to choose … [Read more...] about China withdrawal could see 2023 Asian Cup heading west