Vietnam 

Mitsui Co to invest in Vietnamese shrimp producer Minh Phú – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  A seafood processing line at Minh Phú Seafood Joint Stock Company. Mitsui will  help Minh Phú to achieve further growth through the application of digital technology. — Photo nhaquanly.vn HÀ NỘI — Japan’s Mitsui & Co Ltd has agreed to acquire a 35.1 per cent of stake in Minh Phú Seafood Joint Stock Company, the world’s biggest shrimp integrator from farming and processing to sales. Minh Phú owns two processing plants and shrimp farms covering a total of 900 hectares in southern Việt Nam. It has built a strong position by vertically integrating all stages…

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Property mogul Wang Jianlin’s Wanda Group to invest US$11.7b in world-class tourism project in rust-belt city of Shenyang

Wanda Group, the profligate Chinese conglomerate that is halfway through a massive debt-shedding exercise, has unveiled one of the largest ever investments in the northeastern Chinese city of Shenyang totalling 80 billion yuan (US$11.7 billion).The property-to-entertainment conglomerate controlled by tycoon Wang Jianlin said on Wednesday that the new investment will go towards building a “world-class” cultural tourism project, an international hospital, an international school and five Wanda… Source link

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SK Innovation to invest US$490 million to build a second assembly in China to supply batteries for electric vehicles

South Korea’s SK Innovation said on Wednesday that it plans to invest 579.9 billion won (US$488.30 million) to build its second China factory for electric vehicle batteries, in a bet that China will open up its market to Korean battery makers.The latecomer to the battery market is aggressively expanding its production capacity globally, starting to build new factories in Hungary, China and the United States since last year with a total investment of 5 trillion won.SK Innovation said its second… Source link

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Vietnam 

Japanese conglomerate seeks to invest in Đà Nẵng – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Representatives from Ise Foods Inc and Đà Nẵng’s People’s Committee pose for a photo after the meeting. — Photo danang.gov.vn ĐÀ NẴNG — Ise Foods Inc expressed interest in investing in the hi-tech agriculture, food processing, health-care and high-end hospitality sectors in the central coastal city of Đà Nẵng during a meeting with local authorities this week. Founded in 1912, the company is now the largest egg producer in Japan with annual revenue of more than US$1 billion. It is also involved in hi-tech farming, food processing and renewable energy, according to the provincial portal.…

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Vietnam 

FPT SBI Holdings invest $3m in blockchain startup – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  The signing ceremony. Utop, a Vietnamese startup that was developed based on FPT’s business blockchain platform, bridges loyalty point programmes among merchants. — Photo courtesy of the company HÀ NỘI — FPT Corporation and Tokyo-based SBI Holdings Inc this week signed a memorandum of understanding (MoU) to invest US$3 million into joint venture Utop, a Vietnamese start-up that bridges loyalty point programmes among merchants. Utop was developed based on FPT’s enterprise blockchain platform akaChain, which has been implemented in many countries and across various sectors from finance, insurance, retail, to supply…

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Hong Kong companies eye slice of Japan tourism boom, invest in hospitality sector

Investors from Hong Kong are buying and building hotels in Japan in a bid to capitalise on a tourism boom that contributed to an 8.7 per cent year-on-year increase in tourist arrivals last year. According to the Japan National Tourism Organisation, a record 31.19 million tourists visited the country in 2018.And international events such as the Rugby World Cup Japan 2019, Tokyo 2020 Olympics and World Expo 2025 in Osaka will only boost the demand for hotels, said Steve Huen Kwok-chuen, executive… Source link

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Vietnam 

Thai group wants to invest in $8b gas-fired power project – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — Ninh Thuận Province has said it recently worked with Thailand’s Gulf Energy Development Public Company Limited on a plan to build a liquefied natural gas (LNG) warehouse and gas-fired power complex in Cà Ná Commune, Thuận Nam District. The south central province said on its e-portal that Gulf Energy was expected to get approval from the People’s Committee for the implementation of LNG facilities and four gas-fired power plants with a total capacity of 6,000 MW worth US$7.8 billion. Phạm Văn…

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Vietnam 

Taiwanese firms invest $30 million in Bình Phước’s industrial park – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

DDK Vietnam and Minh Hưng Sikico Industry JSC sign a co-operation agreement on promoting investment in the Minh Hưng Sikico park. — Photo tapchicongthuong.vn Viet Nam News BÌNH PHƯỚC — Three Taiwanese-funded enterprises on Thursday signed deals to invest a total of US$30 million at the Minh Hưng Sikico industrial park in the southern province of Bình Phước. The capital will be channeled into several textiles-fabric projects. At the signing ceremony, the Taiwan-based industrial investment limited company DDK Vietnam and Minh Hưng Sikico Industry JSC inked a co-operation…

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Nuclear shares soar after China plans to invest US$12 billion in new reactors for first time since 2016

Nuclear power related shares soared across the board on Tuesday in Hong Kong and China after Beijing announced plans to invest 81.2 billion yuan (US$12 billion) in four new reactors for the first time since 2016.CGN Mining, a unit of state-owned China General Nuclear Power Group (CGN) that trades in uranium fuel, jumped 15 per cent to 38 Hong Kong cents in Hong Kong. CGN Power, a nuclear power station operator under CGN, also climbed 3.2 per cent to HK$2.27, extending a four-day winning streak… Source link

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Vietnam 

Mavin to invest in food processing plant in Việt Nam – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Mavin Group recently inaugurated an animal feed warehouse in the Mekong Delta province of Tiền Giang. — Photo baodautu.vn Viet Nam News HÀ NỘI – Việt Nam – Austria joint venture Mavin Group will invest in a high-tech research and development centre and a food processing plant in the south at a total cost of over US$80 million, said Chairman David John Whitehead. Mavin recently inaugurated an animal feed warehouse in the Mekong Delta province of Tiền Giang. Covering an area of nearly 1,000 sq.m, it accommodates up…

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