In August 2024, the Petrovietnam Technical Services Corporation (PTSC) and its Singaporean partner, Sembcorp Utilities Pte Ltd, held a ceremony to officially transfer contract packages related to wind and hydrological measurements and geological surveys. These...
Vietnam and the United Arab Emirates (UAE) are actively pursuing negotiations for a Comprehensive Economic Partnership Agreement (CEPA) to enhance trade and investment ties. In July 2024, officials from Vietnam’s Ministry of Industry and Trade (MoIT) met with...
US-based Universal Alloy Corporation (UAC), a leading manufacturer of composite components for the aerospace industry, is advancing with phase two of its investment in its Vietnam factory to increase production capacity. The project, located in Danang Hi-tech Park on...
The Australian Government’s Aus4Innovation program has granted AUD 1.45 million (nearly USD 1 million) to boost collaboration between Australian universities and Vietnam’s innovation ecosystem, aiming to support sustainable agriculture in Vietnam. Managed by...
Denzai K.K., a specialist in cranes and transportation, will provide cranes for the construction of Long Thanh International Airport, which is being developed on the outskirts of Ho Chi Minh City, Vietnam. The airport project is managed by a consortium of ten...
Taiwanese electronics giant Foxconn will set up a facility to produce PlayStation gaming consoles in Quang Ninh province, Vietnam, as part of a USD 287.2 million investment. Foxconn received the investment registration certificate for the project in July 2024. The...
Japanese retailer Aeon is set to open its first mall in central Vietnam and its seventh in the country in September 2024 in Thua Thien Hue province. During a recent site visit, the Vice Chairman of Thua Thien Hue province was briefed on the project’s progress by the...
Vietnam has announced that foreign investors are now allowed to own data centers within the country. These new rules have emerged because the domestic market has struggled to meet the increased need for data storage. The recently enacted Law on Telecommunications...
South Korea’s GC Holdings will launch a gene and cancer diagnostic center in Vietnam in partnership with Phenikaa Group, marking its official entry into the Vietnamese healthcare sector. According to Korea IT Times, the project will feature GC Green Cross...
In a meeting with representatives from the Vietnamese Embassy in the Czech Republic in July 2024, Mega Group’s CEO outlined the company’s core activities and ongoing projects, highlighting water treatment as a key area of expertise. Particularly, the Czech’s...
Samsung Electronics Co. has announced that its facilities in Vietnam would enhance their eco-friendly operations by purchasing renewable energy directly through the new Direct Power Purchase Agreement (DPPA) system introduced by the Vietnamese government. The...
Vietnam and the Republic of Korea have recently enhanced their economic cooperation. The parties stressed the need for close coordination and practical measures to achieve their target of boosting bilateral trade to USD 100 billion by 2025, the tenth anniversary of...
