Rediscover Vietnam” is co-held by Thien Minh Group and national flag carrier Vietnam Airlines for travel promotion in Australia. (Photo: VNA) Called “Rediscover Vietnam”, the event was co-held by Thien Minh Group and national flag carrier Vietnam Airlines, with more than 80 travel firms and tour operators across Australia in attendance. It was the last of a series of travel promotion events held in multiple countries, including the UK, Germany, France, the US, Japan and the Republic of Korea. Thanh said the number of Australian arrivals in Vietnam and vice versa hit a record high of 600,000 in 2019 before the Covid-19 broke out globally. Given that the two countries established a Strategic Partnership in 2018 and bilateral ties continued to grow despite the pandemic, travel between Vietnam and Australia will be on a rise and surpass pre-pandemic records in the coming years, he said. The Vietnamese diplomat pledged to provide all possible conditions for Australian travelers … [Read more...] about Travel promotion “Rediscover Vietnam” held in Australia
Pacific airlines
EDPR acquires two solar projects in Vietnam
The projects are located at the Thuan Bac District of Vietnam, having started operations in 2020 under a 20-year PPA at US$93.5/MWh. This transaction is expected to establish a long-term relationship between Xuan Thien Group and EDPR to jointly explore additional opportunities in the region contributing to accelerate EDPR growth prospects in APAC. With this transaction, EDPR doubles its operational capacity in Vietnam, strengthening its presence in the APAC region, a market where it entered in 2021 and has been since reinforced with the integration of Sunseap in February 2022. The transaction is subject to regulatory and other customary precedent conditions. Hyperion Investment Advisory Limited was Xuan Thien's advisor in the transaction. EDPR completed its S$1.1 billion acquisition of Sunseap Group earlier this year, establishing a clean energy hub for the Asia Pacific region that is headquartered in Singapore. EDPR expects to invest up to S$10 billion in the region … [Read more...] about EDPR acquires two solar projects in Vietnam
Reopening increases foreign interest in transport upgrade
Roads, airports, and seaports are being looked at by overseas companies in terms of investment feasibility, Photo: Shutterstock On June 16, Hoang Gia Khanh, deputy general director of state-owned railway giant Vietnam Railways (VNR), received a delegation of Austrian businesses at its headquarters who introduced new products and technology solutions aiming to seek opportunities in the local industry. The commercial counsellor of the Austrian Embassy in Hanoi said that businesses expect to intensify cooperation with VNR, specifically those in funding and upgrading projects, as well as machinery upgrading and maintenance. He added that besides official development assistance, the Austrian government also has other financial tools that can help VNR access financial resources and technologies. According to Khanh, investment demand for the industry’s infrastructure development is huge and he highly appreciates the products and technology of groups like Plasser & Theurer and … [Read more...] about Reopening increases foreign interest in transport upgrade