Virginia-based AES Corp and PetroVietnam Gas have signed a joint venture agreement to develop a USD 2.8 billion liquefied natural gas (LNG) import terminal and a power plant. Much of the LNG will be imported from the US. The terminal will have a capacity of 3 million...
The Asian Development Bank (ADB) and Phu Yen TTP Joint Stock Company (Phu Yen JSC) recently signed a USD 186 million loan to develop and operate a 257 MW solar power plant in Phu Yen Province. It is the largest single operating solar power plant in Vietnam and one of...
Orient Commercial Joint Stock Bank (OCB), a major Vietnamese bank with assets worth USD 4.6 billion, has recently joined RippleNet, a network of institutional payment-providers, as a strategic partner after 10 months of preparation. The partnership will enable OCB to...
The Airports Corporation of Vietnam (ACV) commenced construction work for the new Long Thanh International Airport in December 2020. This is an airport development project planned 40 km east of Ho Chi Minh City to alleviate traffic congestion at Tan Son Nhat...
In October 2020, Samsung Electronics Vice Chairman Lee Jae-Yong had a meeting with Vietnamese Prime Minister Nguyen Xuan Phuc to discuss possible investment plans. Samsung is the biggest South Korean investor in Vietnam, where it manufactures around half of its...
Pharmaceutical giant STADA Arzneimittel AG first invested in Vietnamese Pymepharco Joint Stock Company (PME) in 2008, and over the years it has increased its direct and non-direct ownership in the Vietnamese pharmaceutical company to 80%. Recently, the German company...
Japanese cosmetics and drugs retailer Matsumoto Kiyoshi recently opened its first store in downtown Ho Chi Minh City, covering 274 square meters and featuring over 6,000 items of functional foods and beauty products. There are several products available exclusively at...
Vietnam’s medical and tech experts recently participated in an online seminar organized by several ministries and local authorities in collaboration with the Australian Embassy in Vietnam and the Aus4Innovation program, a USD 8 million development assistance...
After more than two months of piloting, Vietnam’s Ministry of Health officially opened a network connecting 1,000 medical examination and treatment facilities with 27 central hospitals in Hanoi and Ho Chi Minh City. The new telehealth network is part of an...
According to the latest study by Research and Markets, in 2018 Vietnam’s cloud service market was valued at USD 165 million and is projected to reach USD 291 million by 2024. If realized, this development will translate into a double-digit CAGR of 10% between 2019 and...
Aquarius International Development (AQI), a company specializing in high-end travel experiences and owned by the Norcal Venture Capital Group, will invest USD 250 million into its expansion across the South East Asian region. The investment will encompass luxury...
The Da Nang Department of Industry and Trade has launched a pilot project for the development of a million roof-top solar power homes. This project, jointly developed with the center for Green Innovation Development (Green ID), aims to encourage solar power usage in...
