Tag Archive for ‘Hai Phong’

Regina Miracle project increases capital to US$500 million

The Regina Miracle International Vietnam Project has increased its investment capital to US$500 million from US$350 million. The project, invested by Regina Miracle International of Hong Kong (China), received investment certification in 2014 with total registered capital of US$150 million at the Vietnam-Singapore Industrial Park based in the northern port city of Hai Phong. It […]

Engineer recalls bitter story of pioneering Vietnamese carmaker

As hope that Vietnam would finally produce cars domestically was renewed after construction of a new car factory began last week, one of the first local engineers who attempted to realize the dream has recalled how he failed as a pioneer. Now past his 70s, Bui Ngoc Huyen currently lives in his shutdown car factory […]

NA panel to supervise management of Vietnam’s foreign loans

A delegation of lawmakers will supervise the implementation of laws and policies on the management and use of foreign loans. The delegation was set up under a resolution issued by the National Assembly Standing Committee. It will evaluate the issuance of legal documents and the implementation of policies and regulations relevant to the management and […]

Vietnam’s land use efficiency remains low

Land use efficiency in cities in Vietnam remains low due to delayed projects, unused houses and improper land use planning, according to experts. Chairman of Vietnam Construction Association Tran Ngoc Hung said that on average, every square kilometre of urban land in Vietnam was used by about 2,100 people, while in other Asian countries, the […]

Vinalines to cut seaport stake

The Vietnam National Shipping Lines (Vinalines) has proposed to reduce its stake in many strategic seaports. Accordingly, the country’s largest shipping company will reduce its stake in northern Hai Phong Port from the current 92.56% to 65% and in central Da Nang Port from 75% to 65%. Its stake of 80.9% and 99.05% at the […]

Hai Phong told to revise fee collection

Deputy Prime Minister Vuong Dinh Hue has asked the Ministry of Finance and Hai Phong city to strictly follow the PM’s instruction on reviewing fees for using infrastructure, service facilities and public utilities at ports in the city. The Government Office has sent Document 9014/VPCP–KTTH to the city’s People’s Committee to convey the Prime Minister’s […]

Vietnam PM launches construction for Vingroup’s automobile manufacturing complex

Prime Minister Nguyen Xuan Phuc made an order to launch construction of VINFAST – an automobile manufacturing complex invested by Vietnam’s largest real-estate company Vingroup, in the northern port city of Hai Phong on September 2. Speaking at the ceremony, PM Phuc said that this is one of many significant events to celebrate on the […]

Work starts on first Vietnamese automobile manufacturing complex

Prime Minister Nguyen Xuan Phuc attended a ceremony in the northern port city of Hai Phong on September 2 to start the construction of the first Vietnamese automobile manufacturing complex in Dinh Vu – Cat Hai economic zone. Invested by Vinfast manufacturing and trade Ltd company – an affiliate of real estate developer Vingroup, the […]

Vietnam businesses report huge profit for H1 2017

Businesses in the finance and banking sector continued to prosper in the first six months of the year. Listed companies have released their financial reports for the first half of the year. About 50 percent of businesses have reported growth in net profit, 40 percent have reported decreases in profit, and less than 10 percent […]

Import rubbish surrounding Hai Phong port

Making the corrupt use of the loopholes in the current laws relating to the temporary import for re-export later, a lot of enterprises have illegally imported hazardous industrial waste. 6000 tons of rubbish at Hai Phong port According to Cao Trung Ngoan, Deputy General Director of the Hai Phong port, six months ago, an enterprise […]