Business

The total value of mergers and acquisitions (M&A) in Vietnam stood at $8.8 billion in the first 10 months of this year, up 17.9 percent year-on-year, despite Covid-19 impacts. The figures were released by KPMG Vietnam at the annual Vietnam M&A Forum 2021held by the Dau Tu newspaper in HCMC …

With affordable apartments almost non-existent and developers tending to focus on more profitable high-end projects, young people find house ownership in a major city an unrealistic aspiration. Returning to Vietnam after studying abroad for five years, Hoang Minh has been able to land a good job with remuneration that allows …

Vietnam’s benchmark VN-Index rose 1.04 percent to 1,467.98 points Thursday, its third session in the green, but trading value continued to fall. The index started off in the red and slowly climbed up throughout the day before closing with a 15-point increase thanks to last-minute hoarding. Trading value fell nearly …

HCMC has approved construction of a road linking with the third terminal of Tan Son Nhat International Airport costing over VND4.848 billion ($210.7 million). Stretching over four kilometers from Tran Quoc Hoan Road to Cong Hoa Road in Tan Binh District and connecting to T3 terminal, the new four-lane road …

VinaCapital and Novaland signed a Memorandum of Understanding on Dec. 7 to develop and deploy renewable energy across NovaWorld projects. The two parties will coordinate to research and facilitate green electricity for residents in Novaland’s urban areas on a stable and long-term basis. In recent years, clean energy has been …

Construction of a VND11 trillion ($479.2 million) non-tariff logistics and industrial hub in the northern city of Hai Phong is set to begin early next year. The city has greenlighted Xuan Cau – Lach Huyen Investment JSC to construct the Lach Huyen hub, approved by the government in April. The …

Danish toy company Lego Group will build a $1-billion plant in the southern province of Binh Duong in the second half of next year. It signed a memorandum of understanding Wednesday with the Vietnam-Singapore Industrial Park Joint Venture Company to build the plant, its sixth globally and first carbon-neutral one. …

The southern province of Dong Nai has sought approval from the government to build two rail routes at a cost of VND91.39 trillion ($3.96 billion). They include a 37.5-km light rail between Thu Duc City in HCMC and Long Thanh International Airport in Dong Nai at a cost of VND40.57 …

The government has proposed that the private sector is allowed to invest in power transmission projects. One of the amendments to the Electricity Law proposed by the government is allowing all economic sectors, including the private one, to build power transmission networks, excluding grid projects implemented by the state according …

HCMC recorded a year-on-year GRDP contraction of 24 percent in the third quarter, dragging estimated growth for the year to negative 6.7 percent, the lowest in 35 years. The biggest city in Vietnam has faced many Covid-19 challenges and failed to meet several growth targets, HCMC Chairman Phan Van Mai …