Disaster management project

Illustrative image (Photo: VNA) Hanoi (VNA) - The Hapaco Group JSC is planning to invest 4 trillion VND (174.1 million USD) in a wind power project in the Central Highlands province of Gia Lai. The project is among those to be submitted for approval at the group’s annual shareholders’ meeting, which is slated for March 14. The meeting will also discuss an investment in building a 23-ha care centre for the elderly in the northern city of Hai Phong’s Thuy Nguyen district as well as Hapaco’s new development orientations in social housing and guest worker services. Hapaco (stock code HAP) was one of the first listed on Vietnam’s stock market. As of December 31 last year, its total asset exceeded more than 808 billion VND. Last year, the group reeled in 335 billion VND in revenue, an annual decrease of 11 percent. Its after-tax profit, meanwhile, hit 34.3 billion VND, up 69 percent on-year./. VNA …

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Metro Line 5, phase 2, has a total length of about 14.5km, from Bay Hien intersection to the new Can Giuoc bus station In a letter sent to the Management Authority for Urban Railways of Ho Chi Minh City (MAUR) and Ho Chi Minh City People’s Committee, Soun-young Chung, general manager of Kexim Bank's Global Business Cooperation Division said that the bank will soon finance the pre-feasibility study. The project will transform from official development assistance (ODA) to the public-private partnership (PPP) model. The study is implemented on three specific aspects: engineering, financing, and legality. Members of the research team and participating investors have extensive experience in the construction and operation of urban railway lines, including Metro Line 9 of Seoul, Korea, built under the PPP model. On January 19, the MAUR worked with a group of investors and consulting companies from Korea. The group consists of Kexim Bank, Hyundai Engineering Co., Ltd., Lotte Corporation, Samil PwC (finance consultant), Dohwa Engineering (engineering consultant), Sejong Corporation, and Shearman & Sterling (legal advisory), among others. It is anticipated that the pre-feasibility study will be summited by the end of 2020. The pre-feasibility study of phase 2 of Metro Line 5 was previously funded by the Korea International Cooperation Agency (KOICA). However, due to objective reasons, the ODA form cannot be implemented and is being replaced by the PPP format. At present, KOICA is funding an urban planning research technical assistance project based on transit-oriented development (TOD) on this section. Metro Line 5 has a total length of 23.4km separated into two phases. Phase 1, from Bay Hien intersection to Saigon Bridge, has a total length of about 8.89km and a total investment value of about $1.66 billion. Phase 2, from Bay Hien intersection to the new Can Giuoc bus station, has a total length of about 14.5km. Funding for this project comes …

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Skype co-founder Jaan Tallinn is the latest big tech name to invest in Vietnamese startup Loship Tallinn’s investment in Loship puts him on a list of global tech leaders betting on Vietnamese tech startups, which has shown resilience and growth even amidst COVID-19. Thus, Loship is poised to become a prominent tech figure for any seasoned investor looking at Vietnam, according to Loship CEO Trung Hoang Nguyen. "MetaPlanet’s investment will help us build a much stronger image of Loship as a National Startup Hero. The competition will be much steeper in the long term, and we hope to pick up deep tech insights from Jaan Tallinn that can be applied to the Vietnam market,” he further opined. The latest fundraising, which is part of the startup’s Series C round, comes just four months after its undisclosed bridge round led by Vulpes Investment Management. The new funding would fuel Loship's path to becoming Vietnam’s leading one-hour-delivery e-commerce platform. “We already have a winning playbook, and we look to expand it to more markets. Secondly, we know what we want to do with our product, and there are just 1 per cent of things that have been done. So, a huge portion of the funding will be poured into upgrading our app and increasing our tech capability. Also, we will ramp up marketing strategies to strengthen our foothold in the existing markets,” stated the CEO. Founded in 2017, Loship traces its roots back to Lozi , a review app allowing users to find food, beverage, and coffee shops, before transitioning into a one-hour-delivery services platform. Loship had earlier closed its Series A and B rounds from several investors, including South Korea’s Smilegate Investment, Hana Financial Group, DTNI, Golden Gate Ventures, before announcing its Vulpes Investment Management-led bridge round in October 2020. The round was joined by DAAL Ventures and Wealth Well (Saudi Arabia-based VC Firms), Eucagi Ventures (Nigerian VC Firm), KI Group, and the vice …

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