Deals expected from Vietnam-Korea ICT 2018

Major South Korean companies are expected to sign cooperative deals with local enterprises at the Vietnam-Korea ICT 2018 fair on March 22 in Hanoi. Held by the Vietnam Internet Association (VIA) in collaboration with the Korea National Information Technology Promotion Agency (NIPA), the event will attract dozens of well-known firms from South Korea and open up many strategic cooperation opportunities for IT enterprises from the two countries, with some businesses signing memoranda of understanding on business cooperation.

Renewables summit set for end-March

The Vietnam Renewable Energy Summit 2018 (VRES 2018) will take place from March 26 to 28 at the InterContinental Nha Trang in the south-central province of Khanh Hoa’s Nha Trang city. VRES 2018 is being organized by the Neoventure Corporation, an energy advisory firm that helps international investors identify investment opportunities in the energy sectors of emerging markets. The event will be a match-making platform for key stakeholders in Vietnam’s renewable energy sector to source partnerships in renewable sectors. It is expected to gather some 30 local developers, including TTC Energy, the KN Group, Phu Cuong, the Ocean Group, and the Hado Group, together with international developers and investors like Tata Power, Mainstream, and Blue Circle.

Binh Phuoc licenses five South Korean projects

A breaking ground ceremony for five projects of businesses from South Korea was held at the Becamex - Binh Phuoc industrial and urban complex in Chon Thanh district in the southern province of Binh Phuoc. The provincial people’s committee handed over investment licenses to Hankuk Carbon, River Runs, Misung Industrial, Young Sung, and Hankuk Advanced Materials at the ceremony. The South Korean companies lease 111 ha at the complex and have registered to invest a total of $80 million in projects producing carbon and glass fiber and fishing tools.

Transport ministry releases plan for Van Don Airport

Van Don Airport in the northern province of Quang Ninh is projected to handle 2-2.5 million passengers by 2020 and 5 million by 2030, according to a plan unveiled by the Ministry of Transport. The airport’s 3.6-km runway is the longest in Vietnam and can cater to Boeing 777, Boeing 787, Boeing 747-400, Airbus A350 and similar aircraft. The airport will have at least six parking aprons for aircraft. Goods passing through the airport will be handled at the passenger terminal until 2020 before a dedicated cargo terminal is completed in 2030, with an annual capacity of at least 51,000 tons.

EuroWindow heading to Myanmar

EuroWindow, Vietnam’s leading supplier of doors and facades, plans to invest up to $120 million in setting up two factories in Myanmar to supplement both local and regional demand. Speaking on the sidelines of the opening ceremony of its Myanmar representative office, EuroWindow General Director Nguyen Canh Hong said the company will be investing $15-20 million in the first factory, construction of which is expected to begin in 2019. This first factory is expected to produce doors and windows while the second will manufacture other construction materials such as interior equipment.

Packaging project underway in Bac Ninh

Dongwon Systems, South Korea’s largest producer of packaging materials, has kicked off operations at its Bac Ninh factory near Hanoi after a capacity expansion costing $10 million. The company held a ceremony to open the new production line and is ready to roll out plastic bottles and other packaging materials for some 200 food and cosmetics customers, including Unilever and P&G.

Fruit & vege exports to reach $4.5 billion by 2020

Vietnam’s fruit and vegetable exports are expected to top $4.5 billion by 2020, with fruit accounting for $3.6 billion, according to the Crop Production Department. Vietnam’s varied geographic and climatic conditions have allowed it to diversify its fruit and vegetable production, giving it great export potential. Fruit-growing areas, productivity and output have increased significantly over the last 15 years. Bananas are grown on the largest area, followed by mangoes, longan, litchi, grapefruit, dragon fruit, pineapples, durian, lemons, rambutan, jackfruit, custard apples, tangerines, and guava.