Business

$90-mln Quang Tri Province industrial zone gets green light

26/03/2021

The government has given approval for building a VND2.07-trillion (US$90 million) industrial zone in the central province of Quang Tri.

Vietnam, Quang Tri Province, industrial zone

The 481-hectare Quang Tri Industrial Zone will be built in Hai Lang District by the Vietnam-Singapore Industrial Park Joint Venture Co., Ltd., Amata City Bien Hoa JSC, a subsidiary of Thai industrial real estate developer Amata Corporation, and Japan’s Sumitomo Corporation.

A portion of a forest will be cut down for the park, and the developers are required to afforest an equivalent area or pay for it.

The govern has made the province administration responsible for paying compensation to people from whom lands are acquired for the project.

It is the third industrial zone in the province to receive approval from the government in March after the VND925-billion Tay Bac Ho Xa Industrial Zone and VND4.5- trillion Trieu Phu Industrial Zone.

News Related

Hoa Phat increases steel pipe market share to over 30 percent

Steel manufacturer Hoa Phat Group sold over 184,000 tonnes of steel pipes in the first three months of this year, a 27 percent increase against the same period last year and giving it the lead in market share, with 30.2 percent.

See Details: Hoa Phat increases steel pipe market share to over 30 percent
Activities planned for Hanoi stimulus programme

Hanoi plans to organise a wide range of activities to stimulate consumption and tourism during the city’s grand promotional programme 2021.

See Details: Activities planned for Hanoi stimulus programme
FLC Group plans Bamboo Airways IPO in the US

FLC Group, Vietnam’s multi-industrial conglomerates, is planning an initial public offering (IPO) of its airline, Bamboo Airways, in the United States that could raise about US$200 million, Reuters reported. Bamboo Airways is planning…

See Details: FLC Group plans Bamboo Airways IPO in the US
HCM City advised to prioritise key transport works

Ho Chi Minh City needs to prioritise resources for transportation infrastructure, especially major roads linking its seaports, the municipal Transport Department has suggested.

See Details: HCM City advised to prioritise key transport works
Green bonds – effective tool for Vietnam to achieve SDGs

Green, social, and sustainability bonds are considered effective tools for Vietnam to raise capital from the private sector for projects with environmental and social benefits, thus supporting the country’s realisation of Sustainable Development Goals (SDGs) and the Paris Agreement 2015.

See Details: Green bonds – effective tool for Vietnam to achieve SDGs
Bank stocks fall pulls VN-Index down

Vietnam’s benchmark VN-Index dropped 0.69 percent to 1,247.25 points Thursday, dragged down by seven blue-chip lenders ending in the red.

See Details: Bank stocks fall pulls VN-Index down
Vietnam, Singapore beef up investment links in industry

A forum to promote investment in industries in Vietnam was held online on April 15 within the framework of the Vietnam International Trade Fair (Vietnam Expo 2021) in Singapore.

See Details: Vietnam, Singapore beef up investment links in industry
First Vietnamese businesswoman awarded prestigious French honor

Vietjet Air CEO Nguyen Thi Phuong Thao has become the first Vietnamese businesswoman to be conferred the Legion of Honor, the highest French order of merit.

See Details: First Vietnamese businesswoman awarded prestigious French honor
Contractors suffer as steel prices surge

A 40-50 percent surge in steel prices since the beginning of the year is troubling construction companies, forcing them to report losses and turn down contracts.

See Details: Contractors suffer as steel prices surge
Vietnamese firm launches nutrition research institute in Sweden

The Vietnam Nutrition Food JSC (NutiFood) launched its Nutifood Nutrition Research Institute in Sweden (NNRIS) during a ceremony in HCM City on April 14.

See Details: Vietnamese firm launches nutrition research institute in Sweden
Central bank to tighten credit in “overheating” sectors: Governor

The central bank will continue to monitor actual economic situation and that of the pandemic to expand credit support appropriately.

See Details: Central bank to tighten credit in “overheating” sectors: Governor
Vietnam cooperates with US for responsible agriculture

Vietnam wants to cooperate with the US for a responsible agriculture, Minister of Agriculture and Rural Development Le Minh Hoan told outgoing US Ambassador to Vietnam Daniel Kritenbrink at their working session on April 13.

See Details: Vietnam cooperates with US for responsible agriculture
Vietnam Railways pleads for government funding as staff remain unpaid

Vietnam Railways owes its 11,300 workers four months’ salaries due to a funding delay by the government, and fears this could cause many to quit.

See Details: Vietnam Railways pleads for government funding as staff remain unpaid
CNG Vietnam estimated pre-tax profit of 17.5 billion in Q1, slightly higher than same period

Profit before tax in the first quarter of CNG Vietnam was estimated to increase only 1.5% over the same period. In 2020, the company has a profit after tax of 50 billion VND,…

See Details: CNG Vietnam estimated pre-tax profit of 17.5 billion in Q1, slightly higher than same period
Quang Ninh leads in governance and public administration performance index 2020

Delegates at the launch of the 2020 Provincial Governance and Public Administration Performance Index (PAPI). (Photo: NDO/Van Toan) NDO – Quang Ninh has climbed to the top of the 2020 Provincial Governance and…

See Details: Quang Ninh leads in governance and public administration performance index 2020
Mr. Yasuhiro Saitoh “lost” the position of Chairman of Eximbank in less than an hour

Mr. Yasuhiro Saitoh was dismissed from the position of Chairman of the Board of Eximbank before being reappointed based on voting results that took place less than 30 minutes later. Mr. Yasuhiro Saitoh…

See Details: Mr. Yasuhiro Saitoh “lost” the position of Chairman of Eximbank in less than an hour
Hydrology continued to be favorable, hydropower enterprises report increase in profits by Q1

Hydropower mobilization increased by 55% According to the Vietnam Electricity Corporation (EVN), in the first quarter, the electricity output produced and imported for the whole system reached 59.65 billion kWh, up 4.1% over…

See Details: Hydrology continued to be favorable, hydropower enterprises report increase in profits by Q1
Steel prices rose sharply, Thu Duc VnSteel announced increased Q1 profit of 45% and completed 80% of plan

Revenue in the first quarter of Thu Duc VNSteel Steel increased nearly 23% over the same period. After the Lunar New Year, the price of steel products has increased continuously. Thu Duc Steel…

See Details: Steel prices rose sharply, Thu Duc VnSteel announced increased Q1 profit of 45% and completed 80% of plan
Hoa Sen Group: Profit after tax in March estimated at more than VND 500 billion, reaching target for first 6 months of year

(ĐTCK) Theo công bố thông tin của CTCP Tập đoàn Hoa Sen (HSG), Công ty ước đạt kết quả kinh doanh hợp nhất tháng 3/2021 với sản lượng tiêu thụ hơn 214 nghìn…

See Details: Hoa Sen Group: Profit after tax in March estimated at more than VND 500 billion, reaching target for first 6 months of year
Hoa Sen’s profit was over 500 billion dong in March, nearly half of last year

Lũy kế 6 tháng đầu niên độ (10/2020 – 3/2021), Hoa Sen đạt doanh thu thuần 19.941 tỷ đồng, lãi sau thuế 1.406 tỷ đồng. Sản phẩm tôn Hoa Sen. (Ảnh: hoasengroup.vn). Hoa…

See Details: Hoa Sen’s profit was over 500 billion dong in March, nearly half of last year

OTHER NEWS