News

Vietnam has to cope with regulatory challenges to attract investors and accelerate the development of wind power projects in the long term, experts recommended yesterday at the Vietnam Wind Power conference hosted by the Global Wind Energy Council (GWEC) in Hanoi.

Following stronger bilateral ties between South Korea and Vietnam, major South Korean investors such as SK Group are rushing into Vietnam’s mergers and acquisitions market. Eun-Young Jung, CEO of HSBC Korea, and Pham Hong Hai, CEO of HSBC Vietnam, jointly discussed the growing trend.

Vietnam is getting into the car business with its own brand.

The Vietnamese Ministry of Transportation has announced plans to tender a $5bn motorway that will run through 13 provinces from Nam Dịnh, about 60km south of Hanoi, to the southern province of Vinh Long in the Mekong Delta.

Construction on a US$50 million gypsum factory kicked off in the southern province of Ba Ria-Vung Tau on Thursday.

Local automaker VinFast, a subsidiary of Vietnamese conglomerate Vingroup, today, June 14, inaugurated its factory at Dinh Vu Industrial Park in the northern city of Haiphong.

Pepper prices have risen slightly since the beginning of the week after months of decline due to positive signs in the global market, Thanh Nien newspaper reported.

Vietnamese legislators have not agreed to raise the capital level at which projects of national importance require prior approval from the National Assembly, effectively rejecting the Government’s proposal to double the level to over VND20 trillion, according to local news reports.

Selecting a waste treatment model suitable for Viet Nam's development conditions remains a challenge for local authorities, a government official said on June 12 at a seminar in HCM City.