Vietnam Airlines, a state-owned enterprise, plans to expand its fleet by acquiring 50 to 75 new narrow-body aircrafts, and 10 backup engines in 2021-2025. There are several models being considered including the Airbus A320 and the Boeing 737 MAX family. Large orders...
US companies are guaranteed to have the most favorable conditions to invest and do business in Vietnam, said Deputy Prime Minister Trinh Dinh Dung at the 2019 US – Vietnam Business Summit. This was co-organized by the Vietnam Chamber of Commerce and Industry (VCCI),...
The Vietnamese cosmetics market has enjoyed constant growth in recent years thanks to rapid economic development and a large young population. The market is growing at more than 8% annually and is dominated by international brands. There are approximately 400...
The construction of a new wind farm in Tra Vinh province, in the South of Vietnam, has been launched on April 24th. This is a joint project between Tra Vinh Wind Power Limited Company No. 1 (TWPC) and their partners from South Korea. The wind farm covers a total area...
Danish wind turbine manufacturer, Vestas, has won an order for 10 V150-4.2 MW wind turbines for an unnamed client in Vietnam. The company describes the V150-4.2 MW wind turbine as one of the highest producing low-wind turbines in the industry. The 42 MW order includes...
According to multiple media reports, U.S. company Boeing is close to securing a deal to sell ScanEagle unmanned aerial vehicles (UAVs) with intelligence collection and reconnaissance abilities to Vietnam. The UAVs will be used by Vietnam’s coast guard. Developed by...
Vietnam’s Ministry of Planning and Investment (MPI) is accelerating cutting business prerequisites in term of quality. In the first quarter of 2019 the Ministry proposed the removal of pre-requisites for 22 business lines and amending the requirements for 4...
Speaking at a conference in Ca Mau province on April 9, the Deputy Minister of Agriculture and Rural Development said that the Ministry of Agriculture and Rural Development has been seeking measures to address river and coastal erosion in the Mekong Delta region. The...
Vinfast has established a joint venture with LG Chem to produce battery packs for Vinfast’s currently under-production electric scooters, and in the future for electric cars. Vinfast is a subsidiary of Vingroup – the largest private conglomerate in Vietnam...
Ho Chi Minh City (HCMC) is projected to carry out 218 anti-flood projects with a total cost of nearly USD 344 million (VND 8 trillion) in 2019 to address chronic flooding and improve the water Environment within the city’s area. According to the flood reduction...
CMC Corporation (CMC), a leading ICT corporation in Vietnam, has launched an open Infrastructure ecosystem for enterprises and organizations called C.OPE2N. The architecture of C.OPE2N consists of 5 layers and 2 modules. The layers include: Cloud –...
In early April 2019, VinCommerce, a retail subsidiary of local conglomerate Vingroup, took over convenience store chain Shop&Go for a symbolic value of 1 USD. Shop&Go is a brand from Singapore, which ran the first convenient store in Vietnam in 2006. It has...
