Fast and serious: Vietnam's first domestic car manufacturer bets big

Reuters

VinFast, a unit of Vietnam’s largest conglomerate Vingroup JSC VIC.HM, is set to become the country’s first fully-fledged domestic car manufacturer when its first production models built under its own badge hit the streets next August. From a standing start, VinFast will have the capacity to produce 250,000 cars annually in the next five years or so, equivalent to 92 percent of all the cars sold in Vietnam last year. Vingroup says it only embarked on creating VinFast a little over a year ago and has earmarked about US$3.5 billion for the project.

Vietnam supports foreign investors

VIR

World Bank ups Vietnam’s growth forecast to 6.8 pct
 

VnExpress

The World Bank has upped its 2018 growth forecast for Vietnam to 6.8̀̀%, but warned of trade war fallout. The report forecasts that Vietnam’s growth will fall to 6.6% in 2019 and 6.5% in 2020 due to possible negative impacts from the rising trade tensions between the U.S. and China.

Pending project market gets busy towards the year end

Vietnamnet

A number of projects left unimplemented for many years have changed hands, while more and more large transfer deals have been reported recently. Analysts say that once the large-scale project heats up again, this will have positive impact on the market. A report showed that in 2017, consumer goods manufacturing was the industry with the highest M&A value accounting for 57 percent of total value, followed by the real estate sector with 27 percent, finance & banking (4 percent) and materials & chemicals 3 percent. Meanwhile, in the first six months of 2018, the real estate sector jumped into the first position with 66.75 percent.

E-Mart Vietnam to build first Hanoi store at StarLake

Inside Retail Asia

More casinos open in central coastal region
Vietnamnet

Can Tho a major investment magnet

Vietnam Investment Review

With constant infrastructure upgrades and a strong commitment from the leadership to ameliorate the local investment climate, the city of Can Tho in the Mekong Delta has emerged as one of the investment hotspots in the country.

Vietnam warned it is planning one airport too many
 

VnExpress

Experts are concerned that Vietnam is building too many airports without carefully evaluating their necessity. And the majority of them are not making any profit. The Can Tho International Airport in the south is one of those. 

Nearly US$475 million for construction of Van Don-Mong Cai highway

Vietnamnet

The Van Don-Mong Cai highway in the northern coastal province of Quang Ninh will be constructed under the build-operate-transfer (BOT) and public-private partnership (PPP) contract at the total cost of more than 11 trillion VND (US$474.4 million), according to the provincial People’s Committee.

Japanese firm seeks to join new coach station project

The Saigon Times

A representative from Japan's Tokyu Corporation proposed the HCMC government for the company's participation in setting up a joint venture with Saigon Transportation Mechanical Corporation (SAMCO) to construct the new Mien Dong Coach Station covering an area of three hectares in District 9, HCMC, heard a meeting with HCMC vice chairman Tran Vinh Tuyen on October 4.

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