Update news invest

More than $120 million to be spent on Quang Ngai wastewater treatment system

The southern central province of Quang Ngai plans to invest VND2.8 trillion (US$121.2 million) in a wastewater treatment system from 2020 to 2025.

HCM City to invest in public transport in new residential areas

The HCM City Department of Transport has asked the city's People’s Committee to outline plans for investment in public transport in new residential areas, including new bus lanes, in an aim to reduce traffic congestion.

Hanoi to invest $11.4 million on OCOP programme

Hanoi has announced it will spend VND265 billion (US$11.4 million) to implement the One Commune-One Product (OCOP) programme to boost the agricultural economy and rural development.

Events in Hanoi & HCMC on July 1-7

Upcoming events in Hanoi and HCM City

HCM City partners with UK in building smart city

The HCM City People’s Committee and the Consulate General of the UK in the city on Thursday signed a memorandum of understanding (MoU) on co-operation in implementing the future global city programme.

Hanoi may dissolve district People's Councils

 VietNamNet Bridge – The Politburo of the Party Central Committee of Viet Nam has approved piloting a new urban administration model in Ha Noi.

E-waste needs more recycling effort

The disposal of electronic waste in Viet Nam has been rapidly increasing for several years. However, the current recycling process amounts to preliminary processing and can hardly produce raw materials for re-production, 

Sirius to invest $480 million in Pandora, may be path to music streaming

Sirius XM Holdings Inc said on Friday it will invest $480 million in Pandora Media Inc (P.N), giving the satellite radio company better exposure to internet music streaming while providing financial footing to Pandora.

SoftBank nears deal to invest $3 billion in U.S. startup WeWork: CNBC

 Japan's SoftBank Group Corp (9984.T) is close to making an investment in U.S. office-sharing startup WeWork expected to be worth over $3 billion, CNBC reported on Monday, as it expands its reach beyond tech and telecoms.

Central city invests in infrastructure of hi-tech park

 VietNamNet Bridge – Da Nang has invested VND363 billion (US$16 million) to complete the second-stage infrastructure for the 1,010-hectare Hi-Tech Park in Hoa Vang District, 20km west of the city.

HCM City invests $119m to build road section

The HCM City Department of Transport last Friday signed a contract with a consortium of investors to build the Ring Road No.2 section stretching from Pham Van Dong Street to Go Dua intersection on National Highway 1A

Samsung Electronics to invest more than $1 billion in U.S. chip production

 Samsung Electronics Co Ltd (005930.KS) said on Tuesday it planned to invest more than $1 billion by the end of June 2017 to boost production of system chips at its Austin, Texas, facilities in the United States to meet growing demand.

Viet Nam enhances partnership with France

VietNamNet Bridge – Deputy PM Vu Duc Dam told conference attendees at the 10th Viet Nam – France cooperation conference held yesterday in Can Tho that Viet Nam would create more favourable conditions for French businesses

RoK invests US$3.5 mil in Vietnam’s employment information network

 VietNamNet Bridge – Prime Minister has approved a technical support project for an employment information network in Vietnam using ODA (Official Development Assistance) from the Republic of Korea.

HCM City to invest $4.45b on metro line

 VietNamNet Bridge – HCM City will invest VND97 trillion (US$4.45 billion) for construction of the city's Metro Line No 4, which will run from Ben Cat Bridge in Go Vap District to Nguyen Van Linh Street in District 7.

Ly Son Island's tourism rush

 Many groups and individuals have turned their attention and money toward Ly Son Island in Quang Ngai Province, to get in on the ground floor of what they expect will be a tourism boom.

HBRE to develop wind farm in Central Highlands

 VietNamNet Bridge – HBRE Wind Power Company Ltd. (HBRE) will invest in a wind farm project in the Central Highlands province of Daklak with technology and equipment supplied by GE.

Thai company to invest in Vietnam petrochemical complex

 VietNamNet Bridge – Thailand's PTT energy conglomerate will invest 20 billion USD in a Vietnamese petrochemical complex that aims to meet local and overseas demand in seven years, according to MCOT news online.

Power sector needs over VND17 trillion every year

 VietNamNet Bridge – Vietnam will need more than VND17 trillion (some US$805 million) each year from now to until 2020 to invest in electricity projects as envisioned in the national power zoning plan.

Poor patients hit hard by Hanoi's equitisation move

 VietNamNet Bridge – To attract wealthier clients to upmarket, equitised services, some Ha Noi hospitals are taking beds from the poor and putting them in special wards for the rich.