SK ecoplant, a subsidiary of South Korea’s conglomerate SK Group has sealed a joint venture deal with Vietnam’s Nami Solar to pump $200 million into solar energy development in Vietnam.
Coca-Cola will spend more than US$136 million investing in the construction of a beverage factory in Long An Province, southern Vietnam, local authorities announced on Monday.
Coffee company CCL Products India Ltd (Continental Coffee), based in Andhra Pradesh, is investing 20 million USD in doubling the capacity of its coffee manufacturing facility in Vietnam, Times of India reported.
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Overcoming the difficulties caused by the COVID-19 pandemic, Samsung Vietnam recorded $74.2 billion revenue in 2021, up 14% compared to 2020, the company said in a statement.
Ho Chi Minh City will begin construction of Metro Line No. 2 in 2022, according to the municipal Department of Transport.
Coffee export turnover in Vietnam has been projected to reach $5-6 billion in 2030, doubling the current export value, according to Vietnam Coffee and Cocoa Association.
With affordable labour cost, Vietnam is among three markets with the lowest operating costs in Asia, according to recent survey of TMX, a leading business transformation consultancy in Asia-Pacific region.
As of third quarter 2021, bad debt of 27 commercial banks reached VND111 trillion ($4.9 billion), up 26% compared to the beginning of the year, according to the State Bank of Vietnam.
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