HCM City calls for investments into Thu Thiem

An investment promotion conference will be held in Ho Chi Minh City on May 8 to attract investments into Thu Thiem Peninsula in District 2. Detailed information of 12 big projects and investment incentives in Thu Thiem are being prepared for the investment promotion, said Nguyen Le Dung, deputy director of Thu Thiem Investment and…

Panasonic to built JPY4-billion factory in Vietnam

Panasonic Appliances (PAPVN) will build a new factory in southern Binh Duong province to produce electrical wires and circuit breakers with a total capitalization of around 4 billion yen. The factory, whic is expected to begin in April 2014, The Japanese electronics maker plans to produce 27 million electric wires and 12 million circuit breakers…

Haiphong to build US$ 1,2 International Gateway Port

A project to build the International Gateway Port was launched in Hai Phong on April 14. The port (component A of the project) is invested with VND 25,000 billion (app US$ 1.2 billion) sourced from Japanese ODA and the Vietnamese Government’s charter capital. This is a particularly significant project aiming to boost socio-economic development, ensure…

Ha Giang to build a Casino on top rock highlands

The northern province of Ha Giang has annouced plan to build a casino on top of rock highlands that has been recognized as a UNESCO Global Geological Park. According to the plan, the casino will be part of a 2.72 square kilometer center that will include hotels, restaurants, resorts and other amusement options, all to…

Ho Chi Minh City to improve public transport

Public transport in Ho Chi Minh City will be improved dramatically by 2020, according to a master plan approved by the Government. Under the plan, ports along the Sai Gon River downtown will be moved, and several major seaports like Cat Lai, Nha Be and Hiep Phuoc will be built or upgraded. The city will…