Month: September 2015

Viettel has reported that the subscriber base of the company’s new mobile venture, Lumitel, has reached 1 million in the first four months of operations. At present, the operator has 800 base stations and is planning to...

Vietnam is planning to build the $2.5 billion Hon Khoai seaport in Ca Mau province. Eighty-five per cent of the port construction cost will be funded by loans from the US Export-Import Bank while the remaining 15 per cent will...

Four Vietnamese banks, Vietcombank, VietinBank, BIDV and Agribank, have signed a $252 million contract with EVN to fund its port project. The port will be based in the southern province of Tra Vinh and will handle coal and oil...

Vietnam’s T&T Group completed acquiring Quang Ninh port on August 18, 2015. The Vietnam National Shipping Lines (Vinalines) started the procedure to transfer 49 million shares of the port, that is, 98 per cent, to the...

Vietnam’s Saigon Port Company Limited has sold 35.71 million shares through its initial public offering for 411.1 billion dong ($18.8 million). The shares sold accounted for 16.51 per cent of the company’s chartered capital. The...

The feasibility study for the 128 km railway link between Ho Chi Minh City and Loc Ninh in the southern province of Binh Phuoc has been completed. The line will run from Di An on the North-South rail road through the towns of...

Vietnam-based Vingroup has decided to invest in three railway stations, in Hanoi, Da Nang and Ho Chi Minh City. The investment in the Da Nang station will be implemented under the build-transfer mode, whereas the detailed...

South Korea-based SK C&C has received a licence from the Vietnam government to build an intelligent transportation system (ITS) for the Hanoi-Haiphong Expressway. The company will build ITS infrastructure with a traffic...

The construction work on Vietnam’s first solar power station by Tianjin Teda Company Limited has commenced in the central province of Quang Ngai in Vietnam. The 19.2 MW solar plant is expected to start generating electricity...

The PetroVietnam Gas Corporation has awarded the engineering, procurement and construction (EPC) contract to Posco Engineering and Construction Company Limited and PetroVietnam Technical Services Corporation to build a gas...

An additional investment of $200 million is being planned for the Nghi Son petrochemical complex project in north central Vietnam. The investment will be in addition to the initial intended investment of $9 billion. The project...

JAKS Resources Berhad (JRB) and China Power Engineering Consulting Group Company Limited (CPECC) have decided to set up a JV to develop a 1,200 MW thermal power plant in northern Hai Duong province, Vietnam. The project will...