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VIETNAM BUSINESS NEWS APRIL 25

VIETNAM BUSINESS NEWS APRIL 25
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25/04/2021

10:05
GMT+7
Vietnamese aviation has huge room for expansion
Vietnam’s aviation market boasts huge potential for expansion. Illustration image
The Airports Corporation of Vietnam (ACV) has invested heavily in airport infrastructure development as Vietnam’s aviation market boasts huge potential for expansion, according to an official from the corporation.
Deputy head of ACV’s business and market development board Nguyen Quoc Hung said that more than 25 trillion VND (over 1 billion USD) has been poured into expanding infrastructure over the last five years to better serve the growth being seen in passenger and cargo traffic. ....

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Steel giant to manufacture containers for first time in Vietnam

Steel giant to manufacture containers for first time in Vietnam
By Minh Son March 1, 2021 | 11:32 am GMT+7
A view of Cat Lai Port, HCMC. Photo by Shutterstock/Hien Phung Thu.
Steelmaker Hoa Phat plans to manufacture 500,000 twenty-foot equivalent unit containers a year to mitigate a shortage since containers are stuck at ports after Covid-19 hit trade.
It plans to build its first container manufacturing factory in Binh Duong or Dong Nai province and near Cat Lai Port in HCMC and Cai Mep – Thi Vai International Port in Ba Ria – Vung Tau Province.
The southern region has an especially high demand for containers. Market research by Hoa Phat in fact found that three out of every four containers are used there. ....

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New thermal power plant approved in Quang Binh province | Business

in-principle approval to the Quang Trach 2
thermal power plant project, the
Quang Binh provincial People’s Committee said
on February 22.
Invested by the Vietnam Electricity Group (
EVN), the project
is located in Vinh Son hamlet in Quang Dong commune, Quang Trach district.
It will have a total capacity of 1,200 MW and cost more than 48 trillion VND (over 2 billion USD), 38 trillion VND, or
80 percent, of which will come from loans.
Its first turbine is scheduled to be put into
use in 2028 and the second one year later.
Similar to the Quang Trach 1 thermal power plant,
which is still under construction, Quang Trach 2 will contribute to local ....

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Steelmaker posts 132.37 million USD in after-tax profit | Business

Steelmaker posts 132.37 million USD in after-tax profit | Business
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