Philippines' Jollibee Food's Highlands Coffee evaluates Vietnam IPO
EconomyFast-food restaurant operator Jollibee Foods Corp said on Wednesday that its Vietnamese coffee chain, Highlands Coffee, was considering an initial public offering and a subsequent listing in Hanoi.
Vietnam’s Hue City approves $55.4mn industrial park, non-tariff zone project
EconomyAuthorities in Vietnam’s Hue City have approved an investment of about VND1.452 trillion (US$55.4 million) for the construction and business of infrastructure at Industrial Park and Non-Tariff Zone No. 1 in the Chan May–Lang Co area, the municipal People’s Committee said on Wednesday.
Vietnam’s VinEnergo launches initial 10GW renewable energy phase, part of 100GW global ambition
EconomyVinEnergo Energy JSC, a member of Vietnam’s largest private conglomerate Vingroup, has launched its first overseas renewable energy portfolio totaling 10GW across Asia and Europe, which is the first step toward developing 100GW of capacity over the next three years as it seeks to become a globally competitive renewable energy enterprise.
Vietnam’s Vingroup proposes 3,000MW offshore wind farm in Ca Mau for energy exports
EconomyVietnamese conglomerate Vingroup has proposed a major offshore wind power project in the southern province of Ca Mau, seeking approval to develop a 3,000MW facility aimed at exporting electricity.
Vietnamese group proposes $10bn coastal complex in Ca Mau
Vietnam NewsXuan Thien Group has proposed investing in an industrial-agricultural complex integrated with urban, tourism, and energy components, with a total value of approximately VND260 trillion (US$10 billion) in the coastal area of Ca Mau, the only locality in Vietnam that borders both the East Vietnam Sea and the Gulf of Thailand.
Vietnam's VinFast unveils 2 ultra-luxury auto models
EconomyVietnam’s EV maker VinFast on Tuesday announced the completion of its three strategic automotive brand lines and unveiled two new ultra-luxury models, including the Lac Hong 800S and Lac Hong 900S.
Vietnam’s PVGas Trading declares force majeure on LPG deliveries after Saudi supply disruption
EconomyPVGas Trading, a unit of state-run PetroVietnam Gas (PVGas), has declared force majeure on liquefied petroleum gas (LPG) deliveries to customers in southern Vietnam after its Middle Eastern supplier suspended shipments, the company said in a notice.
Vietnamese companies struggle as Middle East tensions disrupt tours, exports
EconomyThe escalating conflict in the Middle East has not only disrupted luxury tours but also left export shipments stranded in warehouses, forcing Vietnamese businesses to struggle under growing pressure.
Starlink enters Vietnam: High costs, niche market
EconomyLicensed in mid-February to provide satellite Internet services in Vietnam, Starlink Services Vietnam Co., Ltd., the Vietnam unit of the U.S.-based Space Exploration Technologies Corporation (SpaceX), is expected to help enhance connectivity in remote and hard-to-reach areas, but its relatively high equipment and subscription costs might position the services as a premium, niche option rather than a mass-market alternative to the country’s affordable fiber-optic broadband.
Vietnam orders airlines to avoid conflict-affected airspace in Middle East
EconomyThe Civil Aviation Authority of Vietnam (CAAV) has directed all airlines operating in the country to avoid conflict-affected airspace in the Middle East and prepare contingency plans after escalating military tensions involving the U.S., Israel, and Iran forced the closure of major airports in Dubai in the United Arab Emirates (UAE) and Doha in Qatar.
