Vietnam to expand expressway network to 9,000km by 2050
The plan requiring an estimated investment capital of more than VND3.2 quadrillion ($123 billion).
Foxconn subsidiary to expand production in Vietnam
Shunsin Technology plans to expand manufacturing in Bac Ninh province to produce Xbox gaming devices and a range of other electronic components.
Singaporean investors expand presence in Hung Yen Province
Many investors from Singapore have expanded operations across sectors such as industry, energy, pharmaceuticals, and logistics in the northern province.
Ho Chi Minh City - Trung Luong - My Thuan Expressway to be expanded
Total investment capital is estimated at nearly VND39.8 trillion ($1.55 billion).
Germany’s Quickpack invests $32 mln to expand Vietnam facility
Long An facility produces packaging products for export to Europe, North America, and Australia.
K-One to expand cloud computing business in Vietnam
Malaysian technology solutions provider K-One Technology Berhad said its subsidiary, G-AsiaPacific Sdn Bhd (GAP), has signed an agreement with the Vietnet Distribution Joint Stock Company to prepare for a joint venture, which is in line with its plan to expand its cloud computing business in Vietnam.
Luxury brands looking to Vietnam
Mr. Nick Bradstreet, Director of Retail Asia - Pacific at Savills, has assessed that Vietnam’s luxury goods market is outstanding compared to elsewhere in Southeast Asia such as Singapore and Thailand and international retailers are looking for opportunities to expand in the country. Statista has estimated that Vietnam’s luxury goods market will grow 34 per cent this year and 4 per cent annually to 2025.
Domestic credit cards poised for growth
Analysts believe that growth in domestic credit cards will have an impact on the development of the country’s financial sector.
Hanoi focusing on public transport
Under its plan on traffic and traffic safety in the 2022-2025 period, Hanoi will continue to expand its public transport network and limit the number of private vehicles on the road to ease congestion and curb environmental pollution. By 2025, public transport is to meet 30-35 per cent of travel needs.
HCMC to propose widening HCMC - Trung Luong Expressway
Ho Chi Minh City will propose investing in expanding the Ho Chi Minh City - Trung Luong Expressway from four lanes to eight to meet rising travel demand and to synchronize infrastructure projects in the region. Many investors have expressed interest in the 62-km project, to be implemented under the public-private partnership (PPP) method.