At the event, the provincial People’s Committee handed over investment licenses to the RoK companies - Hankuk Carbon, River Runs, Misung Industrial, Young Sung, Hankuk Advanced Materials. These firms rent 111ha in the complex and have registered to invest a total of USD 80 million in the projects which will produce carbon and glass fiber, and fishing tools. Hankuk Carbon CEO Moon-Soo Cho vowed to ensure construction progress of the project on schedule and in line with the country’s law. Binh Phuoc grants investment licenses to five RoK-projects Vice Chairman of the provincial People’s Committee Huynh Anh Minh welcomed the Korean investors’ selection of Binh Phuoc to build plants producing high-tech materials such as carbon fiber. He committed to creating favorable conditions for the investors and requested them complete the projects on schedule. The Becamex – Binh Phuoc industrial and urban complex sits on a site of 4,633ha, nearly … [Read more...] about Work starts on five RoK-invested projects in Binh Phuoc
Investment projects in zambia
A lack of electricity transmission grids is preventing renewable energy projects from generating at maximum capacity. As of June 30, about 4,900 MW of renewable energy was generated but only 30 to 40 per cent of which was connected to the national electricity system. — Photo anhsangvacuocsong.vn A lack of electricity transmission grids is preventing renewable energy projects from generating at maximum capacity. According to statistics from the Ministry of Industry and Trade (MoIT), there are 120 renewable energy power projects in operation and more than 200 pending-for-approval projects. As of June 30, about 4,900 MW of renewable energy was generated but only 30 to 40 per cent of which was connected to the national electricity system. Le Hai Dang, Head of Strategy Department in Vietnam Electricity (EVN) said: “This causes a huge waste as Viet Nam is facing an electricity shortage.” Dang clarified that in the first ten months of this year, renewable energy in … [Read more...] about Vietnam wants private electricity grid investment
There are three problems which may make foreign investors shrink when considering investment in transport infrastructure projects in Vietnam. Minister of Transport Nguyen Van The, speaking at the National Assembly session discussing the Investment Law under the PPP mode on November 11, said that the ministry has promoted investments under the mode, but Vietnam can only attract Vietnamese investors. Minister of Transport Tran Van The It has been very difficult to attract foreign investors to large projects. There are three problems which may make foreign investors shrink when considering investment in transport infrastructure projects in Vietnam. First, they want the government of Vietnam to ensure their revenue and share risks with them. As Vietnam’s development plans change regularly, they fear risks. Meanwhile, when they finish projects, one dollar may be exchanged for VND15,000 or VND25,000. Because of the price fluctuations, they may make profit if calculating in … [Read more...] about What do foreign investors worry about when investing in VN infrastructure projects?
The Japan-Vietnam Environmental Improvement Joint Stock Company (JVE) has shown their interest in the initial investment in a project to help tackle the pollution in Hanoi’s To Lich River, using Japanese Nano-Bioreactor technology. The company, which carried out the Japanese-funded pilot treatment of water pollution on part of the To Lich River and the West Lake using Japan’s Nano-Bioreactor technology, on Tuesday announced that they had found the solution on how to deal with the pollution of the entire To Lich River. The Japanese-funded pilot treatment of water pollution on part of the To Lich River According to a JVE representative, wastewater will be treated directly at drains by underground Nano- Bioreactor systems before being discharged into To Lich. In case, the wastewater overflows or leaks into the river, it will be handled by other Nano-Bioreactor systems put in the middle of the river bed. Once the project is successful, JVE will lease the … [Read more...] about Japanese firm eyes investment in Hanoi river pollution treatment
According to forecasts of BMI Research, Vietnam’s food industry is expected to achieve annual growth of 10.9% in 2015-2020. Vietnam’s food industry is expected to achieve annual growth of 10.9% until 2020. Numerous international players, especially those from countries that Vietnam signed free trade agreements with, have been seizing the opportunity to enter the Vietnamese food market to take advantage of the deals. Keith Colwell, Canadian Nova Scotia’s Minister of Agriculture and Minister of Fisheries and Aquaculture, said that Canadian food businesses have shifted their focus to Vietnam after developments in the Chinese market and thanks to tariff reductions under the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). These companies want to bring high-end Canadian products like seafood, agricultural products and beverages to new markets like Vietnam, Colwell said, explaining that tariff reductions under the CPTPP have … [Read more...] about Trade deals trigger foreign investments in Vietnam’s food sector