Hanoi (VNA) – The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) has agreed to provide 1.5 trillion VND (65.1 million USD) in credit for the PetroVietnam Gas Corporation (PV Gas) to finance the second phase of the adjusted Nam Con Son 2 Gas Pipeline Project. The credit agreement marks a new milestone in the comprehensive strategic partnership established in 2018 between the two State-owned enterprises. Part of the Master Plan for Vietnam’s Gas Industry Development to 2025 and a vision until 2035, the project is significant for the synchronous development of infrastructure in the country’s gas industry and will help enhance the capacity and flexibility of local gas projects. The first phase, laying 151 km of undersea pipeline off the coast of southern Ba Ria-Vung Tau province, was completed in 2015. The second phase will build main pipelines for transporting gas from the Cuu Long and Nam Con Son fields to the mainland. PV Gas General … [Read more...] about Vietcombank provides 65 mln USD in credit to PV Gas pipeline project
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Central city to introduce tourism property project
Property developer PGT has inked a co-operation and operation agreement with InterContinetal Hotels Group (IHG) PLC, Ong&Ong Singapore, VLand and Savills Viet Nam to develop a beachfront luxury apartment and hotel complex this year in Da Nang. … [Read more...] about Central city to introduce tourism property project
Hanoi calls on foreign firms to invest in industrial zones
Hanoi (VNA) – Politburo member and Secretary of Hanoi’s Party Committee Vuong Dinh Hue asked foreign hi-tech groups to consider investing in the city’s existing industrial zones, including the Hoa Lac Hi-Tech Park, while receiving representatives from FDI enterprises operating in the high technology industry on January 19. Hue encouraged the Kinh Bac City Development Holding Corporation (KBC) to invest in industrial zones in Soc Son and Dong Anh districts to attract more foreign businesses. He expressed his hope that major technology groups will set up search and development (R&D) and innovation centres in Hanoi in the way the Republic of Korea’s Samsung Group has done. The official highlighted the fact that the capital city is home to 82 percent of universities, 65 percent of scientists and 80 percent of key scientific and technological research potential of the country. At the working session, leading officials of Heesung Electronics, Goertek … [Read more...] about Hanoi calls on foreign firms to invest in industrial zones
Vietcombank provides USD 65 mln in credit to PV Gas pipeline project
Vietcombank and PV Gas signed a comprehensive strategic cooperation agreement in 2018, under which the former will provide the latter with financial packages, including project financing, international payments, money flow management, and individual finance, with numerous preferential policies. … [Read more...] about Vietcombank provides USD 65 mln in credit to PV Gas pipeline project
Built on open culture and dialogue, Lean is a game changer for GE
Case in point, in Indonesia, beyond accelerating to success with support from corporate cultures, the availability of skilled talent, solid infrastructure, and strong government support in respect to lean efforts made Indonesia’s PT GE Nusantara Turbine Service (PT GENTS) an excellent foothold as a Centre of Excellence (CoE) for global B- and E-Repair of next-generation repair capabilities. With over 25 years of operations, this recent transformation led by GE Gas Power in line with the Indonesian government support is the most extensive supply chain development at the centre project yet. … [Read more...] about Built on open culture and dialogue, Lean is a game changer for GE
