Other Briefings
New Border Economic Zone Approved for Southern Province
Jul. 7 – Authorities have given the go signal to build a border gate economic zone (EZ) located in the southern province of Dong Thap to facilitate trade within the Mekong region. The EZ is slated to be developed to cater to industrial production, trade, tourism, agriculture, forestry and fishery in a total area of […]
Largest Casino in Vietnam Closes Over Permit Violations
Jun. 30 – The biggest casino in the country has been ordered to shut down due to permit violations. Located in Danang, the casino is a joint-venture between U.S.-based Silver Shores and Hoang Dat of Hanoi. Hoang Dat Silver Shores International Entertainment Co. will only be allowed to reopen the casino and hotel complex after […]
Vietnam Advised to Improve Industrial Park Services
Jun. 29 – Vietnam was advised to develop its industrial parks to offer more services to entice more foreign investors to come in. According to Marc Townsend, the general director of CB Richard Ellis Vietnam, industrial parks in the country should be equipped with trade centers, offices, apartments, hotels and other logistics services in addition […]
French Company to Develop US$600 Million Road Project in Vietnam
Jun. 28 – French company VINCI Construction Grands Projects recently signed a memorandum of understanding with Deo Ca Investment JSC to develop the Ca Pass tunnel and road project located in the north-south corridor between Ho Chi Minh City and Hanoi. The US$600 million project will make it safer to travel the mountain pass located […]
Biggest Cold Storage Facility in the Region Opens in Ho Chi Minh City
Jun. 22 – The largest cold storage facility in Southeast Asia opened in Ho Chi Minh City last week to provide services to the country’s local and foreign aquaculture and food companies. The US$28 million facility was built by U.S.-based Preferred Freezer Services as part of its strategic plans to expand into Asia in the […]
Singapore’s Capitaland to Double Investments in Vietnam
Jun. 8 – Singapore-based real estate giant Capitaland, the largest developer in Southeast Asia, is planning to double its investments in Vietnam over the next three to five years to US$2.5 billion. New projects will include affordable housing and shopping malls across Vietnam’s key cities like Hanoi and Ho Chi Minh City, Capitaland CEO Liew […]
Vietnam ‘All In’ as Casinos, Service Industry Bet on Ba Ria-Vung Tau
By Joe Drury Jun. 3 – The winds of change are sweeping across Ba Ria-Vung Tau Province in Vietnam’s booming southeast economic region, and they are fragrant with the scent of gambled winnings and Dom Pérignon. Traditionally an industrial center of Vietnam, a recent flood of service sector investment hopes to transform the local economy […]
U.S. Developer Bows Out from International Airport Project
May 24 – American real estate developer Rockingham Asset Management has bowed out of an international airport project in Quang Ninh Province citing lack of funds and human resources. Joinus, a Korean company, expressed interest in the Van Don international airport project and is in negotiations with local authorities for a possible US$2 billion investment […]
Saigon High-Tech Park Expands to Second Phase
May 5 – The Saigon High-Tech Park (SHTP) will soon begin work on its second phase to expand the park by 613 hectares to include a high-tech manufacturing area, a research and development and a business incubation area to name a few. The park’s new development will cost about US$300 million to build. The first […]
Longest Cable-Stayed Bridge in Southeast Asia Opens in Vietnam
Apr. 27 – Vietnam inaugurated the longest cable-stayed bridge in the Southeast Asian region on Saturday connecting the Hau River in the Mekong Delta with Can Tho City and Vinh Long Province in southern Vietnam. The project was completed with the help of a preferential official development assistance for socio-economic development and infrastructure upgrading from […]
