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
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
Singapore-based retailer Takashimaya has signed an agreement with Singapore-invested Keppel Land Co to lease 15,000sq.m of retail space at the Saigon Centre in HCM City. see more
The new Piaggio Group engine plant officially made its debut in Binh Xuyen industrial park in the northern province of Vinh Phuc on March 1.The plant will be put into operation in April and aims to increase its productivity from 140,000 to 300,000 engines per year. It is located next to the Piaggio Vietnam vehicle assembly plant, which produces Vespa, Liberty and Fly scooters. see more
Vietnam Suzuki Corporation began work on a new automobile plant in the southern province of Dong Nai with an investment of $13 million.The new project in Long Binh Industrial Park, Bien Hoa City has sent Japan’s Suzuki Motor Corporation’s total investment capital in the country rising to $57.9 million. see more
