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Ho Chi Minh City’s Department of Transport plans to kick off construction of four main roads at Thu Thiem new urban area in District 2, the city’s new financial center, in June 2013.
Donaco Singapore, a firm controlled by two grandsons of the founder of Asia casino empire Genting Berhad, and Australia’s Two Way Ltd are joining forces to take a seat in Vietnam’s gaming business.
Coca-Cola’s plant expansion plan has lost its fizz after central Danang City People’s Committee rejected the plan due to transfer pricing suspicions.
Dutch energy and petrochemical company Shell has pulled its LPG business out of Vietnam after having transferred its entire share in a joint-venture in Hai Phong, and a Ho Chi Minh City-based company, 100 per cent of whose stake it held, to Thailand’s Siam Gas Co.
Frasers Hospitality Pte Ltd has won a deal to manage a hotel residence project in HCM City in a move to expand the Capri by Fraser brand across Asia five months after launching the new hotel residence brand.
Investors behind Vung Ang 2 thermal power plant are expected to sign a build-operate-transfer contract before the year of this year.
Otis Elevator Vietnam Co. is reorganising operations and identifying new opportunities in preparation for business expansion in this market, which Otis senior executives said strong potential for growth in the coming years.
While other foreign investors lust for the license for the projects on integrated resorts (IR) with casino, a Malaysian investor has refused the license, having decided to leave Vietnam.
The domestic logistics market will be opened in 2012 and is expected to fully open in two years’ time.
The central city of Da Nang has adjusted its master urban plan by calling for building of metro routes and more new bridges and roads, as well as upgrades to airports and seaports.
The HCMC government has called for foreign and local investment in the three plants treating hazardous waste in the city’s outlying districts of Binh Chanh and Cu Chi.
