South Korea's Daelim Industrial Co. Ltd said it had won a thermal power plant order worth 321.6 billion won ($285 million) from Cantho Thermal Power Company Ltd in Vietnam. Daelim said it planned to complete the project by October 2015. see more
The country's two leading telecommunications companies (telcos) VNPT and Viettel will team up with Facebook and 10 other Asian telcos to invest in a 10,000km undersea cable project.The Asia Submarine-cable Express (ASE), which will run directly from Malaysia to South Korea with links branching off to other countries, will aim to improve internet speeds in the region. see more
Vietnam's northern port city of Hai Phong has approved the construction of a $575 million tire factory by a subsidiary of Japan's Bridgestone Corp, the state-run newspaper Nhan Dan quoted municipal authorities on Thursday as saying. see more
Viet Nam’s retail sector seems relatively sheltered from the global economic meltdown, with 120 supermarket outlets and shopping malls set to open this year, double the number as last year. Vinatextmart will lead the list with 43 of them. Co.opmart will open 12 outlets and 18 of its Co.opfood shops. see more
An Asian retail investment wave is breaking on Vietnam’s shores.“The retail market in Vietnam offers potential for growth, which can be accelerated if the market is liberalised,” a spokesperson for Singapore-based CapitalMalls Asia told VIR. see more
