Vietnam 

Vingroup to support science and technology projects – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Representatives of Vingroup Innovation Foundation and projects leaders at the sponsor signing ceremony. — Photo courtesy of Vingroup HÀ NỘI — Vingroup Innovation Foundation (VINIF) on Monday announced VNĐ124 billion (US$5.32 million) in investment for 20 science and technology projects. After six months of announcing funding for science and technology oriented projects, VINIF has selected the top 20 projects from nearly 200 registration documents. These are excellent and ground-breaking projects, bringing practical benefits in important areas such as big data, biomedical science, genetics, materials science, smart traffic, IoT, image recognition and…

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Vietnam 

Banks keen on green projects – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

    The Solar Power Plant TTC Phong Điền in the central province of Thừa Thiên Huế. The awareness of banks on green credit has been significantly improved. Photo baothuathienhue.vn HÀ NỘI Green credit is a trend in the global banking and finance industry and more Vietnamese banks are following suit. The State Bank of Việt Nam (SBV)’s latest survey of credit institutions (CIs) in the field of green growth and green credit released recently showed that the awareness of CIs on green credit has improved significantly. Specifically, 19 CIs have developed…

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5G to stimulate US$500 billion in China tech growth over next five years, government researcher projects

The roll-out of 5G services across China is predicted to spur new growth in the country’s technology sector amid trade tensions with the United States, as industries meet the challenge of adopting advanced applications for the next-generation mobile infrastructure.At the Global Mobile Internet Conference held in the southern coastal city of Guangzhou on Saturday, a representative from the China Academy of Information and Communications Technology (CAICT) forecast that 5G will stimulate growth… Source link

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Vietnam 

Kiên Giang approves 20 projects worth total $2 billion – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Children play on Nam Du Island, Kiên Giang Province. The provincial authority has approved 20 more projects worth $2 billion. — Photo news.zing.vn HÀ NỘI  Twenty projects worth combined a VNĐ43.4 trillion (roughly US$2 billion) were granted investment licences by Kiên Giang People Committee on Monday. The Mekong Delta province’s authority also signed investment co-operation agreements with 25 investors for 36 projects with total registered capital of more than VNĐ150 trillion. Key projects include a limestone and clay mining project and a clinker kiln one, both for cement production, run by Siam…

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Vietnam 

Vietravel explores $30 million bond issuance for aviation projects – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Staff at a Vietravel branch in Hà Nội. Nguyễn Quốc Kỳ, General Director of Vietravel, revealed the plan to establish Vietravel Airlines for the first time at a conference in early April. — Photo vietravel.com HÀ NỘI — Local tour operator Vietravel is collecting shareholder opinions on its plan to issue non-convertible bonds worth VNĐ700 billion (US$30 million) to provide supplementary capital for the establishment of Vietravel Airlines. The bonds have a term of two years with a maximum interest rate of 11 per cent per year. The firm also asked shareholders to cancel the…

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Future Land offloads eight projects to Jinke Property for US$400 million as it reels from arrest of ex-chair Wang Zhenhua for alleged child sex abuse

Future Land Development, the Chinese builder whose former chairman was arrested on suspicion of molesting a child, has sold eight real estate projects to various subsidiaries of Shenzhen-listed Jinke Property Group for a total of 2.74 billion yuan (US$400 million).The troubled company said in an exchange filing on Sunday evening that the disposal to Jinke, which is principally engaged in residential development, technology investment and cultural tourism, also involved shareholder loans tied to… Source link

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Vietnam 

Việt Nam seeks foreign investment in infrastructure projects – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  The Sài Gòn Metro Bridge on the Bến Thành – Suối Tiên metro line runs parallel to the Sài Gòn Bridge. — VNA/VNS Photo An Hiếu HCM CITY — Foreign investors are getting access to various master plans and priority infrastructure projects and hearing directly from policymakers and authorities at the Infrastructure Vietnam Summit that opened on Thursday in HCM City. Held for the first time, the two-day event is focused on attracting foreign direct investment in the infrastructure and construction industry. Its theme is ‘Accelerating…

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Vietnam 

Vũng Áng EZ attracts three new projects – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  A part of Vũng Áng Economic Zone in the central province of Hà Tĩnh. Photo khukinhte.hatinh.gov.vn HÀ NỘI — The Hà Tĩnh People’s Committee has granted investment licences to three new projects worth a combination of more than VNĐ1.65 trillion (US$71 million). The projects will be developed at Vũng Áng Economic Zone in Kỳ Anh Town, online newspaper baohatinh.vn reported. They include a timber processing project funded by HCM City-based An Việt Phát Energy Co at a cost of more than VNĐ1.28 trillion ($55 million). It will comprise two factories – the first producing lumber…

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Violence in Hong Kong’s Yuen Long casts long shadow over property projects in New Territories

Mob violence in areas such as Yuen Long will affect demand for new projects in the northern New Territories of Hong Kong, with sales expected to drop 20 per cent this month, Centaline Property Agency said on Tuesday.The number of new homes sold will decline to about 1,200, the agency said. “If social events, such as protests, are happening, their impact is unavoidable,” said Perry Fong, Centaline’s senior sales director. “There is a psychological impact in the short term.”Ryan Ku, client… Source link

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Chinese builder Future Land puts 40 projects up for sale after former chair Wang Zhenhua charged with child sex abuse

Chinese builder Future Land Development Holdings is selling 40 projects, just three weeks after it was engulfed in scandal when its former chairman was detained on suspicion of sexually assaulting a nine-year-old girl.In a statement filed to the Hong Kong stock exchange on Tuesday morning, the company said its Shanghai-listed subsidiary Seazen Holdings is in negotiations with partners to sell its stakes in about 40 projects in China.They will be sold at below market rate to various small and… Source link

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