Kinh Do Corporation this year will stick to its core operation namely food and will not restart the property projects that it put on hold last year. Speaking to the Daily on the sidelines of the 2013 shareholders’ meeting last Friday, Tran Le Nguyen, CEO of Kinh Do, said the real estate market remained difficult, so his firm would not be active in this sector this year. Instead, Kinh Do will focus... 

Truong Hai Auto, also known as Thaco, will produce French-brand Peugeot cars in Vietnam late this year under a contract signed at the 2013 France-Vietnam Business Forum opened on Monday in HCMC. Peugeot Company of France will transfer a complete knock-down Peugeot car sample to Thaco in late 2013 and another one in 2014. The local auto firm intends to build a new plant for assembling Peugeot cars,... 

Becoming the first 100 per cent wholly owned express company in Vietnam will open greater priority for UPS Vietnam to serve its business customers in the country. UPS Vietnam country manager Jeff McLean talked to Vietnam Investment Review about the company’s strategy in a new chapter. Why UPS decide to become 100 per cent foreign ownership company in Vietnam? Vietnam market is a very positive... 

Determined to invest nowhere else but in Tuyen Lam, overseas Vietnamese businessman Tieu Nhu Phuong left a special mark on this romantic part of Dalat. The Dalat Edensee compound looks like a European village surrounded by pine trees and is located just between the hills and the bank of Tuyen Lam Lake. The resort is the result of a project completed by Tieu Nhu Phuong, an overseas Vietnamese businessman. Phuong... 

Vietnam Dairy Products JSC (Vinamilk) is going to open two new big plants worth total investment capital of more than VND4 trillion in the southern province of Binh Duong next month. The first plant, developed on six hectares in the Vietnam-Singapore Industrial Park, specializes in producing powdered milk for children with an annual capacity of 54,000 tons. It is equipped with a closed automatic... 

Samsung Electronics on Monday began work on a hi-tech complex worth US$3.2 billion in Thai Nguyen following the success of its cell phone factory in Bac Ninh. Samsung Thai Nguyen Hi-Tech Complex is developed on an area of 100 hectares in Yen Binh Industrial Park. The first plant in this complex is scheduled to start operation late this year and create jobs for 2,000 workers. The plant specializes... 

PetroVietnam Gas Corporation (PV Gas) on Wednesday opened the 60,000-ton facility storing liquefied petroleum gas (LPG) at the Thi Vai LPG terminal in Ba Ria-Vung Tau Province. Having an investment of nearly VND2.52 trillion, or some US$120 million, the facility covering 16 hectares will store refrigerated LPG of PV Gas and other gas importers. The opening of Thi Vai LPG storehouse in Ba Ria-Vung... 

Yesterday, Nestlé Nutrition Vietnam in collaboration with the Vietnam Association of Pediatrics Scientific had a conference on ” Nutrition for the first 1,500 days – The role of protein partially hydrolysed”, especially for children who do not have enough breast milk. “Whey protein hydrolyzed (HA) in nutritional products for children which is the only method currently with... 

* GM Vietnam imports pickup truck from Thailand Ford Vietnam on Tuesday announced that its February retail sales jumped more than 62% year-over-year to 351 vehicles, thus raising its market share for the month to 8.3%. “We’re encouraged with a gradual and continuing recovery of the industry this year,” Laurent Charpentier, managing director of Ford Vietnam, said in a statement. “We’re equally... 

Doosan Heavy Industries Vietnam (Doosan Vina) said on Thursday that it has completed an order for three massive multi-stage desalination plants for Ras Al Khair in Saudi Arabia, which is the world’s largest desalination project to date with a total designed output of 728 million liters of fresh water per day. The entire US$1.46 billion project entailed the design and manufacture of eight gigantic...