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...
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...
The Hanoi Department of Planning and Architecture has recommended constructing a new airport in Ung Hoa district, 40 kilometers south of the city. A second airport is in line with Vietnam’s master plan for developing the national system of airports in the 2021 –...
Korea Electric Power Corporation (KEPCO) has decided to participate in the 1.2G W Vung Ang 2 coal-fired power project in Vietnam, investing USD 189 million to acquire a 40% stake. Once the Vietnamese government officially approves KEPCO’s participation, Samsung...
The Vietnamese Kosy Group, which operates in urban development and renewable energy, recently launched the first phase of the Kosy Bac Lieu onshore wind project, located in the Mekong Delta. The USD 345 million project involves building 45 wind turbines on a...
Asia’s biggest warehouse operator GLP and Ho Chi Minh City-based startup SEA Logistic Partners (SLP) have announced a USD 1.5 billion joint venture to develop modern logistic real estate assets in Vietnam. The joint venture will initially focus on the...
Son Ha Development of Renewable Energy Joint Stock Company, a Son Ha Group member, has recently launched its EVgo electric vehicle production plant in Thuan Thanh II Industrial Park, Bac Ninh Province. This move follows a collaboration between Son Ha and Bosch, a...
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...
