mike jones
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I wanna start a manufacturing hub in Vietnam.
Vietnam Economy Forum
- Thread starter Viet
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I wanna start a manufacturing hub in Vietnam.
vtnsx
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The construction of a hi-tech park following the model of the US's Silicon Valley began in Ho Chi Minh City on Tuesday.
The US$40-million Saigon Silicon City project is expected to attract investors from next year. Total investment may exceeded $1.5 billion over the following five years.
Nguyen Minh Hieu, chairman of Saigon Silicon City Joint Stock Company, the project investor, said that the park targets hi-tech businesses, both local and foreign, especially those from the US's famous tech base.
Nguyen Minh Hieu, chairman of Saigon Silicon City Joint Stock Company, speaks at the ground breaking ceremony November 10, 2015. Photo: Nguyen Hanh.
Unlike many other hi-tech parks in Vietnam, the Saigon Silicon City will not only focus on outsourcing, but also providing infrastructure enabling research and development activities to produce tech products, Hieu said.
The park covers an area of 52 hectares at District 9-based Saigon Hi-Tech Park, which is now home to 46 tech businesses including giants such as Intel and Samsung.
Work starts on Vietnam's 'Silicon Valley' | Tech | Thanh Nien Daily
Viva_Viet
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TPP text in Vnese. TPP deal may come out in abt 3 month. Very short time.
Toàn văn bản tóm tắt Hiệp định TPP bằng tiếng Việt
Toàn văn bản tóm tắt Hiệp định TPP bằng tiếng Việt
dichoi
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NA sets 6.7 percent GDP growth target for 2016
Hanoi (VNA) – The National Assembly approved a resolution on the socio-economic development plan for 2016, which sets the goal of a 6.7 percent increase in gross domestic product (GDP), on November 10.
Maintaining macro-economic stability, striving for a higher economic growth rate, and improving growth quality for sustainable development continue to be the main targets for next year.
The National Assembly urges accelerating the implementation of strategic breakthroughs and economic restructuring in line with growth model renovation, while continuing to improve living conditions and social welfare.
Other goals set by the resolution include keeping the consumer price index growth below 5 percent while increasing the import-export turnover by 10 percent with the trade deficit of below 5 percent.
Total social development investment should be equal to 31 percent of GDP, and the rate of energy consumption per one GDP unit should be cut by 1.5 percent compared to the figure in 2015.
The rate of household poverty according to multi-dimensional poverty standards is expected to decrease by 1.3-1.5 percent, while the urban unemployment rate will be kept under 4 percent and the skilled labour rate be raised to 53 percent.
The health insurance coverage will be 76 percent, the forest coverage - 41 percent, and 85 percent of the industrial and processing zones should have environmentally-friendly wastewater treatment system.
The NA resolution also requests ministries, sectors and localities to effectively use natural resources, proactively carry out measures to protect the environment, deal with disasters and adapt to climate change.
Efforts should be made to intensify administrative reform, enhance the efficiency of State management, while boosting corruption and wastefulness prevention, strengthening defence security and social order and safety, and firmly safeguarding national sovereignty.
The legislature also requires the Government to take flexible and efficient monetary and financial policies, maintain suitable interest rate, exchange rate and credit growth, address bad debt effectively, and control public debt, Government debt and foreign debt strictly.
Notably, the NA asks for the building of a legal framework to ensure the centralised State procurement in 2016, and the acceleration of state-owned enterprise restructuring, especially those involved in agriculture and forestry.-VNA
Hanoi (VNA) – The National Assembly approved a resolution on the socio-economic development plan for 2016, which sets the goal of a 6.7 percent increase in gross domestic product (GDP), on November 10.
Maintaining macro-economic stability, striving for a higher economic growth rate, and improving growth quality for sustainable development continue to be the main targets for next year.
The National Assembly urges accelerating the implementation of strategic breakthroughs and economic restructuring in line with growth model renovation, while continuing to improve living conditions and social welfare.
Other goals set by the resolution include keeping the consumer price index growth below 5 percent while increasing the import-export turnover by 10 percent with the trade deficit of below 5 percent.
Total social development investment should be equal to 31 percent of GDP, and the rate of energy consumption per one GDP unit should be cut by 1.5 percent compared to the figure in 2015.
The rate of household poverty according to multi-dimensional poverty standards is expected to decrease by 1.3-1.5 percent, while the urban unemployment rate will be kept under 4 percent and the skilled labour rate be raised to 53 percent.
The health insurance coverage will be 76 percent, the forest coverage - 41 percent, and 85 percent of the industrial and processing zones should have environmentally-friendly wastewater treatment system.
The NA resolution also requests ministries, sectors and localities to effectively use natural resources, proactively carry out measures to protect the environment, deal with disasters and adapt to climate change.
Efforts should be made to intensify administrative reform, enhance the efficiency of State management, while boosting corruption and wastefulness prevention, strengthening defence security and social order and safety, and firmly safeguarding national sovereignty.
The legislature also requires the Government to take flexible and efficient monetary and financial policies, maintain suitable interest rate, exchange rate and credit growth, address bad debt effectively, and control public debt, Government debt and foreign debt strictly.
Notably, the NA asks for the building of a legal framework to ensure the centralised State procurement in 2016, and the acceleration of state-owned enterprise restructuring, especially those involved in agriculture and forestry.-VNA
JaiMin
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First-ever Vietnam Annual Tourism Report unveiled
The Vietnam National Administration of Tourism (VNAT) under the Ministry of Culture, Sports and Tourism on November 17 announced the ‘Vietnam Annual Tourism Report 2014’ for the first time.
The report, compiled with technical help of the EU-funded Environmentally and Socially Responsible Tourism Capacity Development Programme, is the first complete document produced in line with international experience, aiding the assessment of tourism’s socio-economic impacts.
The document evaluates tourism’s economic contribution to thenational economy, both direct and indirect contributions.
Data in the report came from statistics and results of surveys of the General Statistics Office, the State Bank of Vietnam, the VNAT and provincial and municipal Departments of Culture, Sports and Tourism.
The full report, in both Vietnamese and English, can be accessed at: Public
@dichoi, @William Hung, @Carlosa , @Viet, @Viva_Viet ,@vtnsx, @Rechoice , @biendong , @DaiViet
The Vietnam National Administration of Tourism (VNAT) under the Ministry of Culture, Sports and Tourism on November 17 announced the ‘Vietnam Annual Tourism Report 2014’ for the first time.
The report, compiled with technical help of the EU-funded Environmentally and Socially Responsible Tourism Capacity Development Programme, is the first complete document produced in line with international experience, aiding the assessment of tourism’s socio-economic impacts.
The document evaluates tourism’s economic contribution to thenational economy, both direct and indirect contributions.
Data in the report came from statistics and results of surveys of the General Statistics Office, the State Bank of Vietnam, the VNAT and provincial and municipal Departments of Culture, Sports and Tourism.
The full report, in both Vietnamese and English, can be accessed at: Public
@dichoi, @William Hung, @Carlosa , @Viet, @Viva_Viet ,@vtnsx, @Rechoice , @biendong , @DaiViet
JaiMin
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Boeing 787 and Airbus A350 Will Both Enter Vietnam Air Fleet
NEW YORK ( TheStreet) --Vietnam Airlines on Tuesday is at the center of world aviation as it prepares to become only the second airline to take delivery of both the Airbus A350XWB and the Boeing 787 Dreamliner.
Airbus delivered an A350 to Vietnam Airlines June 30 in Toulouse, France. On Monday, Boeing (BA - Get Report) staged an event at Washington Reagan National Airport, displaying the 787-9 that is scheduled to be delivered to Vietnam Airlines later this month and declaring that Vietnam could take delivery of eight 787-10s going forward.
The carrier has said it plans to acquire 14 A350s and will use the first to fly from Hanoi to Paris, about 5,700 miles, while its first 787 will serve London Heathrow.
Teal Group analyst Richard Aboulafia said he expects the new aircraft also will enable Vietnam to fly non-stop to the United States.
Must Read: Delta Order Affirms the Age of the Airbus A350 Is Approaching
"Let's say you are a flag carrier from a medium-sized economy," he said. "All of a sudden, you've got long range twin-engine jets that allow you to access the U.S. market.
"People won't have to take Singapore or Emirates," he said. "You can offer them non-stop service with efficient aircraft.
"Vietnam is at the epicenter of route fragmentation," Aboulafia said. "Routes are getting smaller and more direct. That's something that everyone anticipated except for Airbus in building the A380 and thinking 'people will always want to change in Tokyo or Frankfurt.'"
Both new aircraft can fly long distances. The A350-9 can fly 7,600 miles while the 787-900 can fly 8,500 miles. In the past, only larger aircraft could carry sufficient fuel to fly such long distances with full loads. That made it inefficient to fly routes that didn't provide enough traffic to fill the aircraft without significant fare discounting.
At the moment, Qatar Airways is the only airline to fly both the A350 and the 787. Qatar took delivery of the first A350 in December 2014. It now operates four aircraft and expects to operate five by the end of 2015.
Qatar has said that in March 2016 it will begin A350 service on Doha-New York, a 6,689-mile route, and Doha-Boston, a 6,514-mile route. Lufthansa also has said it will begin flying the A350 from its Munich hub in late 2016.
"Vietnam Airlines' no. 1 A350 XWB - an A350-900 version - initially will be flown on the carrier's Hanoi-Ho Chi Minh route, and will begin long-haul services from these two Vietnamese cities to Paris, France later in the year," Airbus said. "The airline will introduce a total of 14 A350-900s into its fleet, composed of 10 received from Airbus and the other four from lessors."
Must Read: Qatar Airways Will Fly First A350 Into the Heart of Europ
Vietnam Airlines became a member of the Skyteam alliance in 2010.
Boeing shares rose 0.1% in trading Tuesday. The stock is up about 8% year to date.
Monday, Nov 30,2015,04:02 (GMT+7)
Corporate
Airbus wants aircraft parts factory set up in VN
Le Anh
Friday, Nov 27,2015,18:50 (GMT+7)
HCMC – Airbus Group has written to the Vietnamese Government expressing its interest in establishing a new aircraft components factory in Vietnam.
A source from the Ministry of Transport said Airbus has proposed a plan to cooperate with Vietnam in developing the aviation industry in the document sent to the Government and the ministry.
Airbus said in the document that it wants to set up the aircraft components factory in cooperation with a major industrial partner in Vietnam. The planned only facility in Southeast Asia will produce electrical safety belts for Airbus A320 aircraft.
Airbus stands ready to transfer technology for production of composite components for A320neo and A350 XWB aircraft to Vietnam.
Airbus declined to detail the plan as it is in the process of discussion with the Government but said it will step up cooperation with Vietnam in the aviation sector.
Airbus announced in March last year that the factory of Nikkiso Vietnam in Hanoi made composite spars and shields for the Sharklet winglet for A320 aircraft.
At present, Vietnam has several enterprises manufacturing aircraft parts including MHI Aerospace Vietnam, a member firm of Mitsubishi that assembles doors for Boeing 777s and flaps for Boeing 737s.
Three Vietnamese airlines – Vietnam Airlines, Jetstar Pacific and Vietjet - are operating Airbus planes for their domestic and international flights. The low-cost carriers Jetstar Pacific and Vietjet use A320 and A321 planes.
Hey, @Viva_Viet , i think you will feel good reading this news
NEW YORK ( TheStreet) --Vietnam Airlines on Tuesday is at the center of world aviation as it prepares to become only the second airline to take delivery of both the Airbus A350XWB and the Boeing 787 Dreamliner.
Airbus delivered an A350 to Vietnam Airlines June 30 in Toulouse, France. On Monday, Boeing (BA - Get Report) staged an event at Washington Reagan National Airport, displaying the 787-9 that is scheduled to be delivered to Vietnam Airlines later this month and declaring that Vietnam could take delivery of eight 787-10s going forward.
The carrier has said it plans to acquire 14 A350s and will use the first to fly from Hanoi to Paris, about 5,700 miles, while its first 787 will serve London Heathrow.
Teal Group analyst Richard Aboulafia said he expects the new aircraft also will enable Vietnam to fly non-stop to the United States.
Must Read: Delta Order Affirms the Age of the Airbus A350 Is Approaching
"Let's say you are a flag carrier from a medium-sized economy," he said. "All of a sudden, you've got long range twin-engine jets that allow you to access the U.S. market.
"People won't have to take Singapore or Emirates," he said. "You can offer them non-stop service with efficient aircraft.
"Vietnam is at the epicenter of route fragmentation," Aboulafia said. "Routes are getting smaller and more direct. That's something that everyone anticipated except for Airbus in building the A380 and thinking 'people will always want to change in Tokyo or Frankfurt.'"
Both new aircraft can fly long distances. The A350-9 can fly 7,600 miles while the 787-900 can fly 8,500 miles. In the past, only larger aircraft could carry sufficient fuel to fly such long distances with full loads. That made it inefficient to fly routes that didn't provide enough traffic to fill the aircraft without significant fare discounting.
At the moment, Qatar Airways is the only airline to fly both the A350 and the 787. Qatar took delivery of the first A350 in December 2014. It now operates four aircraft and expects to operate five by the end of 2015.
Qatar has said that in March 2016 it will begin A350 service on Doha-New York, a 6,689-mile route, and Doha-Boston, a 6,514-mile route. Lufthansa also has said it will begin flying the A350 from its Munich hub in late 2016.
"Vietnam Airlines' no. 1 A350 XWB - an A350-900 version - initially will be flown on the carrier's Hanoi-Ho Chi Minh route, and will begin long-haul services from these two Vietnamese cities to Paris, France later in the year," Airbus said. "The airline will introduce a total of 14 A350-900s into its fleet, composed of 10 received from Airbus and the other four from lessors."
Must Read: Qatar Airways Will Fly First A350 Into the Heart of Europ
Vietnam Airlines became a member of the Skyteam alliance in 2010.
Boeing shares rose 0.1% in trading Tuesday. The stock is up about 8% year to date.
Monday, Nov 30,2015,04:02 (GMT+7)
Corporate
Airbus wants aircraft parts factory set up in VN
Le Anh
Friday, Nov 27,2015,18:50 (GMT+7)
HCMC – Airbus Group has written to the Vietnamese Government expressing its interest in establishing a new aircraft components factory in Vietnam.
A source from the Ministry of Transport said Airbus has proposed a plan to cooperate with Vietnam in developing the aviation industry in the document sent to the Government and the ministry.
Airbus said in the document that it wants to set up the aircraft components factory in cooperation with a major industrial partner in Vietnam. The planned only facility in Southeast Asia will produce electrical safety belts for Airbus A320 aircraft.
Airbus stands ready to transfer technology for production of composite components for A320neo and A350 XWB aircraft to Vietnam.
Airbus declined to detail the plan as it is in the process of discussion with the Government but said it will step up cooperation with Vietnam in the aviation sector.
Airbus announced in March last year that the factory of Nikkiso Vietnam in Hanoi made composite spars and shields for the Sharklet winglet for A320 aircraft.
At present, Vietnam has several enterprises manufacturing aircraft parts including MHI Aerospace Vietnam, a member firm of Mitsubishi that assembles doors for Boeing 777s and flaps for Boeing 737s.
Three Vietnamese airlines – Vietnam Airlines, Jetstar Pacific and Vietjet - are operating Airbus planes for their domestic and international flights. The low-cost carriers Jetstar Pacific and Vietjet use A320 and A321 planes.
Hey, @Viva_Viet , i think you will feel good reading this news
Viva_Viet
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True, Im so happy. We should not produce car, we should produce Aircraft parts, space missile parts insteadBoeing 787 and Airbus A350 Will Both Enter Vietnam Air Fleet
NEW YORK ( TheStreet) --Vietnam Airlines on Tuesday is at the center of world aviation as it prepares to become only the second airline to take delivery of both the Airbus A350XWB and the Boeing 787 Dreamliner.
Airbus delivered an A350 to Vietnam Airlines June 30 in Toulouse, France. On Monday, Boeing (BA - Get Report) staged an event at Washington Reagan National Airport, displaying the 787-9 that is scheduled to be delivered to Vietnam Airlines later this month and declaring that Vietnam could take delivery of eight 787-10s going forward.
The carrier has said it plans to acquire 14 A350s and will use the first to fly from Hanoi to Paris, about 5,700 miles, while its first 787 will serve London Heathrow.
Teal Group analyst Richard Aboulafia said he expects the new aircraft also will enable Vietnam to fly non-stop to the United States.
Must Read: Delta Order Affirms the Age of the Airbus A350 Is Approaching
"Let's say you are a flag carrier from a medium-sized economy," he said. "All of a sudden, you've got long range twin-engine jets that allow you to access the U.S. market.
"People won't have to take Singapore or Emirates," he said. "You can offer them non-stop service with efficient aircraft.
"Vietnam is at the epicenter of route fragmentation," Aboulafia said. "Routes are getting smaller and more direct. That's something that everyone anticipated except for Airbus in building the A380 and thinking 'people will always want to change in Tokyo or Frankfurt.'"
Both new aircraft can fly long distances. The A350-9 can fly 7,600 miles while the 787-900 can fly 8,500 miles. In the past, only larger aircraft could carry sufficient fuel to fly such long distances with full loads. That made it inefficient to fly routes that didn't provide enough traffic to fill the aircraft without significant fare discounting.
At the moment, Qatar Airways is the only airline to fly both the A350 and the 787. Qatar took delivery of the first A350 in December 2014. It now operates four aircraft and expects to operate five by the end of 2015.
Qatar has said that in March 2016 it will begin A350 service on Doha-New York, a 6,689-mile route, and Doha-Boston, a 6,514-mile route. Lufthansa also has said it will begin flying the A350 from its Munich hub in late 2016.
"Vietnam Airlines' no. 1 A350 XWB - an A350-900 version - initially will be flown on the carrier's Hanoi-Ho Chi Minh route, and will begin long-haul services from these two Vietnamese cities to Paris, France later in the year," Airbus said. "The airline will introduce a total of 14 A350-900s into its fleet, composed of 10 received from Airbus and the other four from lessors."
Must Read: Qatar Airways Will Fly First A350 Into the Heart of Europ
Vietnam Airlines became a member of the Skyteam alliance in 2010.
Boeing shares rose 0.1% in trading Tuesday. The stock is up about 8% year to date.
Monday, Nov 30,2015,04:02 (GMT+7)
Corporate
Airbus wants aircraft parts factory set up in VN
Le Anh
Friday, Nov 27,2015,18:50 (GMT+7)
HCMC – Airbus Group has written to the Vietnamese Government expressing its interest in establishing a new aircraft components factory in Vietnam.
A source from the Ministry of Transport said Airbus has proposed a plan to cooperate with Vietnam in developing the aviation industry in the document sent to the Government and the ministry.
Airbus said in the document that it wants to set up the aircraft components factory in cooperation with a major industrial partner in Vietnam. The planned only facility in Southeast Asia will produce electrical safety belts for Airbus A320 aircraft.
Airbus stands ready to transfer technology for production of composite components for A320neo and A350 XWB aircraft to Vietnam.
Airbus declined to detail the plan as it is in the process of discussion with the Government but said it will step up cooperation with Vietnam in the aviation sector.
Airbus announced in March last year that the factory of Nikkiso Vietnam in Hanoi made composite spars and shields for the Sharklet winglet for A320 aircraft.
At present, Vietnam has several enterprises manufacturing aircraft parts including MHI Aerospace Vietnam, a member firm of Mitsubishi that assembles doors for Boeing 777s and flaps for Boeing 737s.
Three Vietnamese airlines – Vietnam Airlines, Jetstar Pacific and Vietjet - are operating Airbus planes for their domestic and international flights. The low-cost carriers Jetstar Pacific and Vietjet use A320 and A321 planes.
Hey, @Viva_Viet , i think you will feel good reading this news
Viet
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the news is this:True, Im so happy. We should not produce car, we should produce Aircraft parts, space missile parts instead
Last update 15:27 | 28/11/2015
Airbus wants aircraft parts factory set up in VN
Airbus Group has written to the Vietnamese Government expressing its interest in establishing a new aircraft components factory in Vietnam.
A source from the Ministry of Transport said Airbus has proposed a plan to cooperate with Vietnam in developing the aviation industry in the document sent to the Government and the ministry.
Airbus said in the document that it wants to set up the aircraft components factory in cooperation with a major industrial partner in Vietnam. The planned only facility in Southeast Asia will produce electrical safety belts for Airbus A320 aircraft.
Airbus stands ready to transfer technology for production of composite components for A320neo and A350 XWB aircraft to Vietnam.
Airbus declined to detail the plan as it is in the process of discussion with the Government but said it will step up cooperation with Vietnam in the aviation sector.
Airbus announced in March last year that the factory of Nikkiso Vietnam in Hanoi made composite spars and shields for the Sharklet winglet for A320 aircraft.
At present, Vietnam has several enterprises manufacturing aircraft parts including MHI Aerospace Vietnam, a member firm of Mitsubishi that assembles doors for Boeing 777s and flaps for Boeing 737s.
Three Vietnamese airlines – Vietnam Airlines, Jetstar Pacific and Vietjet - are operating Airbus planes for their domestic and international flights. The low-cost carriers Jetstar Pacific and Vietjet use A320 and A321 planes.
Airbus wants aircraft parts factory set up in VN - News VietNamNet
.
Foreign arrivals in November increase sharply
VNA FRIDAY, NOVEMBER 27, 2015 - 16:16:13
Foreign tourists in Vietnam (Source: conphungtourist.com)
Hanoi (VNA) – In November, an estimated 732,740 international visitors came to Vietnam , up 12.9 percent over October and 20.4 percent compared with the same period last year, according to the General Statistics Office of Vietnam .
Of this figure, 522,869 people arrived by air, an increase of 6.2 percent compared with the same period last year. The country also welcomed 4,124 visitors by sea and 205,747 others by road in the reviewed period, up 633.8 and 77.6 percent, respectively.
Between January and November, Vietnam welcomed more than 7 million foreign arrivals, while domestic travellers were estimated at 53.8 million.
The total revenue from the tourism sector reached nearly 313 trillion VND (14.2 billion USD), a year-on-year increase of 5.2 percent.-VNA
Foreign arrivals in November increase sharply
VNA FRIDAY, NOVEMBER 27, 2015 - 16:16:13
Foreign tourists in Vietnam (Source: conphungtourist.com)
Hanoi (VNA) – In November, an estimated 732,740 international visitors came to Vietnam , up 12.9 percent over October and 20.4 percent compared with the same period last year, according to the General Statistics Office of Vietnam .
Of this figure, 522,869 people arrived by air, an increase of 6.2 percent compared with the same period last year. The country also welcomed 4,124 visitors by sea and 205,747 others by road in the reviewed period, up 633.8 and 77.6 percent, respectively.
Between January and November, Vietnam welcomed more than 7 million foreign arrivals, while domestic travellers were estimated at 53.8 million.
The total revenue from the tourism sector reached nearly 313 trillion VND (14.2 billion USD), a year-on-year increase of 5.2 percent.-VNA
CountStrike
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RI`s investment in Vietnam increases significantly
Hanoi, Vietnam (ANTARA News) - Indonesias investment in Vietnam has increased significantly, reaching US$400 million now, a Vietnamese official said.
"As the Vietnamese economy continues to grow, more and more Indonesian entrepreneurs want to have a better knowledge of Vietnam, while the Vietnamese entrepreneurs also wish to understand Indonesia better," Director General of the Asia Pacific Department of the Vietnamese Ministry of Industry and Trade, Le Hoang Oanh, said in his keynote address to the Indonesia-Vietnam Business Forum here on Friday.
Le Hoang Oanh said Indonesia now has 46 investment projects in Vietnam with a combined value of US$400 million.
Trade between the two countries also increased significantly to US$5.4 billion last year.
Despite the achievement, the two countries still have a great chance to increase investment and trade relations, he said.
"In my view, companies of the two countries play an important role in enhancing economic and trade relations," he said.
Indonesia has called on Vietnam to increase the existing close strategic partnership instead of both competing against each other to benefit from regional and global economic opportunities.
"Let us increase our partnership to benefit from the ASEAN and global markets," Director of Business Empowerment of the Investment Coordinating Board (BKPM), Pratito Soeharyo, said.(*)
RI`s investment in Vietnam increases significantly - ANTARA News
------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------
Old news, September 2015.. Vietnam cement Invest in Indonesia..
Cemindo to spend $600m to build new cement plant
PT Cemindo Gemilang, a majority shareholder of a Vietnamese cement producer, plans to spend up to US$600 million to build a cement plant in Banten.
President director Aan Selamat said in Jakarta on Tuesday that Cemindo, a subsidiary of oil palm plantation, mining and property business holdings Ganda Group, would carry out the plant’s groundbreaking on Wednesday.
The plant will occupy a 500-hectare plot of land in Bayah, Lebak regency, Banten.
He said construction of the plant would absorb around three-fourths of total investment, or equal to $450 million.
“We picked this area because we want to build an integrated plant and at this location we can find abundant raw materials to help future operations,” Aan told reporters in a press briefing.
The plant, which is expected to begin commercial operations in the third quarter of 2015, will have a production capacity of 4 million tons a year, he said, adding that the output would be distributed in Banten, Greater Jakarta and West Java.
Aan further said that the firm would spend the remaining $150 million on necessary infrastructure, particularly a port to support its output delivery and power network.
According to Cemindo’s plan, it will develop a port with a depth of 13 meters to accommodate vessels with a capacity of up to 30,000 dead weight tonnage (DWT). It will also source electricity totaling 60 megawatts from the PLTU Pelabuhan Ratu coal fired power plant.
Cemindo will finance the entire project with external and internal funds. The majority funds, representing 70 percent of total investment, will be obtained from a syndicated loan led by publicly listed state-owned Bank Negara Indonesia (BNI).
Ganda Group is owned by Ganda Sitorus, the brother of Martua Sitorus, co-founder of Singapore-listed Wilmar International, which is the world’s biggest palm oil processor and one of the biggest sugar producers.
Last year, Cemindo acquired the majority stake in Vietnamese cement producer Chinfon Cement Corporation for S$250 million. Chinfon produces about 4.5 million tons a year. Last year, it sold about 1 million tons of cement under the “Semen Merah Putih” brand in 20 provinces in Java, Kalimantan and Sumatra, raking in $100 million in revenue.
Aan said that operation of the new plant would later support Cemindo’s target to control at least an 8 percent share in the country’s cement market, with annual sales of $400 million by 2015. The overall domestic cement market is estimated to expand by more than 10 percent to 61 million tons this year, according to the Indonesian Cement Association (ASI).
At present, Cemindo also operates a plant under a joint cooperation scheme with state-owned cement maker PT Semen Kupang through its subsidiary, PT Sarana Agra Gemilang. The 10-year scheme, which will end in the next seven years, has allowed the ailing Semen Kupang to revive its operations. Semen Kupang’s plant now produces 360,000 tons of cement each year, fulfilling the cement demand in East and West Nusa Tenggara. - See more at: Cemindo to spend $600m to build new cement plant | The Jakarta Post
Hanoi, Vietnam (ANTARA News) - Indonesias investment in Vietnam has increased significantly, reaching US$400 million now, a Vietnamese official said.
"As the Vietnamese economy continues to grow, more and more Indonesian entrepreneurs want to have a better knowledge of Vietnam, while the Vietnamese entrepreneurs also wish to understand Indonesia better," Director General of the Asia Pacific Department of the Vietnamese Ministry of Industry and Trade, Le Hoang Oanh, said in his keynote address to the Indonesia-Vietnam Business Forum here on Friday.
Le Hoang Oanh said Indonesia now has 46 investment projects in Vietnam with a combined value of US$400 million.
Trade between the two countries also increased significantly to US$5.4 billion last year.
Despite the achievement, the two countries still have a great chance to increase investment and trade relations, he said.
"In my view, companies of the two countries play an important role in enhancing economic and trade relations," he said.
Indonesia has called on Vietnam to increase the existing close strategic partnership instead of both competing against each other to benefit from regional and global economic opportunities.
"Let us increase our partnership to benefit from the ASEAN and global markets," Director of Business Empowerment of the Investment Coordinating Board (BKPM), Pratito Soeharyo, said.(*)
RI`s investment in Vietnam increases significantly - ANTARA News
------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------
Old news, September 2015.. Vietnam cement Invest in Indonesia..
Cemindo to spend $600m to build new cement plant
PT Cemindo Gemilang, a majority shareholder of a Vietnamese cement producer, plans to spend up to US$600 million to build a cement plant in Banten.
President director Aan Selamat said in Jakarta on Tuesday that Cemindo, a subsidiary of oil palm plantation, mining and property business holdings Ganda Group, would carry out the plant’s groundbreaking on Wednesday.
The plant will occupy a 500-hectare plot of land in Bayah, Lebak regency, Banten.
He said construction of the plant would absorb around three-fourths of total investment, or equal to $450 million.
“We picked this area because we want to build an integrated plant and at this location we can find abundant raw materials to help future operations,” Aan told reporters in a press briefing.
The plant, which is expected to begin commercial operations in the third quarter of 2015, will have a production capacity of 4 million tons a year, he said, adding that the output would be distributed in Banten, Greater Jakarta and West Java.
Aan further said that the firm would spend the remaining $150 million on necessary infrastructure, particularly a port to support its output delivery and power network.
According to Cemindo’s plan, it will develop a port with a depth of 13 meters to accommodate vessels with a capacity of up to 30,000 dead weight tonnage (DWT). It will also source electricity totaling 60 megawatts from the PLTU Pelabuhan Ratu coal fired power plant.
Cemindo will finance the entire project with external and internal funds. The majority funds, representing 70 percent of total investment, will be obtained from a syndicated loan led by publicly listed state-owned Bank Negara Indonesia (BNI).
Ganda Group is owned by Ganda Sitorus, the brother of Martua Sitorus, co-founder of Singapore-listed Wilmar International, which is the world’s biggest palm oil processor and one of the biggest sugar producers.
Last year, Cemindo acquired the majority stake in Vietnamese cement producer Chinfon Cement Corporation for S$250 million. Chinfon produces about 4.5 million tons a year. Last year, it sold about 1 million tons of cement under the “Semen Merah Putih” brand in 20 provinces in Java, Kalimantan and Sumatra, raking in $100 million in revenue.
Aan said that operation of the new plant would later support Cemindo’s target to control at least an 8 percent share in the country’s cement market, with annual sales of $400 million by 2015. The overall domestic cement market is estimated to expand by more than 10 percent to 61 million tons this year, according to the Indonesian Cement Association (ASI).
At present, Cemindo also operates a plant under a joint cooperation scheme with state-owned cement maker PT Semen Kupang through its subsidiary, PT Sarana Agra Gemilang. The 10-year scheme, which will end in the next seven years, has allowed the ailing Semen Kupang to revive its operations. Semen Kupang’s plant now produces 360,000 tons of cement each year, fulfilling the cement demand in East and West Nusa Tenggara. - See more at: Cemindo to spend $600m to build new cement plant | The Jakarta Post
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Google CEO's Vietnam Visit Gives Hope to Local Startups
Google CEO Sundar Pichai gestures as he addresses conference with local IT community, Hanoi, Vietnam, Dec. 22, 2015.
Associated Press
December 22, 2015 7:11 AM
HANOI, VIETNAM— Google CEO Sundar Pichai's visit to Vietnam gives hope to people in the local startup community that they could succeed globally.
Speaking to about 200 people in a cafe in central Hanoi on Tuesday, Pichai said he did not see any reason why Vietnam would not be successful globally, given the size of the local market, high Internet usage and the strong entrepreneurial culture.
"I think it's just a matter of time, and I think many of you are already working on something like that,'' he said.
Pichai said Vietnamese startups can learn from the experiences of those in India that started locally, and "once they get the strength they can take it outside.''
He added Vietnamese startups may not reach a global scale at once, but they can team with entrepreneurs from other countries in the region and "can use that strength to launch something global.''
Pichai said Vietnam is growing into a big market and the people who serve it will gain the confidence to think bigger, which helps them achieve global success.
Pham Huu Ngon, owner of a local transportation startup using technology, says Pichai's visit will inspire others.
"His visit inspires the startup community and engineers in Vietnam,'' Ngon said. "Given Vietnam's high Internet and mobile phone usage, we can do good locally and then expand to the countries in the region.''
Government figures show 52 percent of Vietnam's 93 million people use the Internet and the country has 128 million mobile phone subscribers.
Ngon said Pichai's position as CEO of Google "gives hope to the Vietnamese community that a Vietnamese can lead a major company in the world.'' Pichai, born in India, was appointed Google CEO in August.
Earlier Pichai met with Prime Minister Nguyen Tan Dung, the government said.
Dung told Pichai that as Vietnam deepens its international integration, the communist government creates favorable conditions for international technology and information corporations including Google to expand business in Vietnam, the government said on its website.
It quoted Pichai as saying Google will help train about 1,400 IT engineers in Vietnam to develop the industry and Vietnam's society and economy.
Google CEO Sundar Pichai gestures as he addresses conference with local IT community, Hanoi, Vietnam, Dec. 22, 2015.
Associated Press
December 22, 2015 7:11 AM
HANOI, VIETNAM— Google CEO Sundar Pichai's visit to Vietnam gives hope to people in the local startup community that they could succeed globally.
Speaking to about 200 people in a cafe in central Hanoi on Tuesday, Pichai said he did not see any reason why Vietnam would not be successful globally, given the size of the local market, high Internet usage and the strong entrepreneurial culture.
"I think it's just a matter of time, and I think many of you are already working on something like that,'' he said.
Pichai said Vietnamese startups can learn from the experiences of those in India that started locally, and "once they get the strength they can take it outside.''
He added Vietnamese startups may not reach a global scale at once, but they can team with entrepreneurs from other countries in the region and "can use that strength to launch something global.''
Pichai said Vietnam is growing into a big market and the people who serve it will gain the confidence to think bigger, which helps them achieve global success.
Pham Huu Ngon, owner of a local transportation startup using technology, says Pichai's visit will inspire others.
"His visit inspires the startup community and engineers in Vietnam,'' Ngon said. "Given Vietnam's high Internet and mobile phone usage, we can do good locally and then expand to the countries in the region.''
Government figures show 52 percent of Vietnam's 93 million people use the Internet and the country has 128 million mobile phone subscribers.
Ngon said Pichai's position as CEO of Google "gives hope to the Vietnamese community that a Vietnamese can lead a major company in the world.'' Pichai, born in India, was appointed Google CEO in August.
Earlier Pichai met with Prime Minister Nguyen Tan Dung, the government said.
Dung told Pichai that as Vietnam deepens its international integration, the communist government creates favorable conditions for international technology and information corporations including Google to expand business in Vietnam, the government said on its website.
It quoted Pichai as saying Google will help train about 1,400 IT engineers in Vietnam to develop the industry and Vietnam's society and economy.
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[Photos] Inside the Metro Station Beneath Saigon's Opera House
Published on Thursday, 24 December 2015 12:09
Written by Saigoneer.
The further the Saigon Metro progresses – or doesn't progress – the more we hear about escalating costs, construction hiccups and the project's Japanese contractors seeking compensation for delays. But beyond the overhead metro track in District 2 and a whole lot of closed construction sites littering the downtown area, few of us have a visual understanding of Saigon's largest public transportation project to date.
Thanks to Zing, however, you can wonder no more. During a field trip to Saigon Metro's construction site in District 1, the online news outlet takes us underground to find out what's going on behind those corrugated partitions scattered around District 1.
Everyday, metro construction begins with morning calisthenics before workers are tasked with crafting the web of steel rebar that will one day function as the floor of Saigon Metro's Opera House station. Teams beneath Pasteur and Nguyen Hue Streets excavate upwards of 500 cubic meters of earth a day in preparation for Metro Line 1.
Beyond that, there are the usual scenes, which include lunchtime at an underground construction site and a post-meal nap atop some building materials.
Currently, the Ben Thanh-Suoi Tien line has around 1,000 engineers and and construction workers on the job, while elsewhere in town, construction of above-ground stations is underway near Ba Son Shipyard heading toward Suoi Tien.
Construction workers gather for morning calisthenics before setting to work on Saigon Metro Line 1.
Each morning, engineers and site supervisors brief construction workers on the day's projects.
Because construction of Saigon Metro Line 1 goes underground, site supervisors must constantly monitor oxygen and CO2 levels to ensure worker safety.
After cutting steel reinforcing bars down to size, a group of workers carries the bars to the underground construction site.
Below the Opera House, workers create a web of steel reinforcing bars under the supervision of engineers. In late December, the rebar will be covered with 1,400 cubic meters of concrete to complete the floor of the subterranean station.
Construction workers both within and on top of the steel frame must team up to correctly thread the rebar into place.
Published on Thursday, 24 December 2015 12:09
Written by Saigoneer.
The further the Saigon Metro progresses – or doesn't progress – the more we hear about escalating costs, construction hiccups and the project's Japanese contractors seeking compensation for delays. But beyond the overhead metro track in District 2 and a whole lot of closed construction sites littering the downtown area, few of us have a visual understanding of Saigon's largest public transportation project to date.
Thanks to Zing, however, you can wonder no more. During a field trip to Saigon Metro's construction site in District 1, the online news outlet takes us underground to find out what's going on behind those corrugated partitions scattered around District 1.
Everyday, metro construction begins with morning calisthenics before workers are tasked with crafting the web of steel rebar that will one day function as the floor of Saigon Metro's Opera House station. Teams beneath Pasteur and Nguyen Hue Streets excavate upwards of 500 cubic meters of earth a day in preparation for Metro Line 1.
Beyond that, there are the usual scenes, which include lunchtime at an underground construction site and a post-meal nap atop some building materials.
Currently, the Ben Thanh-Suoi Tien line has around 1,000 engineers and and construction workers on the job, while elsewhere in town, construction of above-ground stations is underway near Ba Son Shipyard heading toward Suoi Tien.
Construction workers gather for morning calisthenics before setting to work on Saigon Metro Line 1.
Each morning, engineers and site supervisors brief construction workers on the day's projects.
Because construction of Saigon Metro Line 1 goes underground, site supervisors must constantly monitor oxygen and CO2 levels to ensure worker safety.
After cutting steel reinforcing bars down to size, a group of workers carries the bars to the underground construction site.
Below the Opera House, workers create a web of steel reinforcing bars under the supervision of engineers. In late December, the rebar will be covered with 1,400 cubic meters of concrete to complete the floor of the subterranean station.
Construction workers both within and on top of the steel frame must team up to correctly thread the rebar into place.
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A construction worker crouches into a small space to align the steel bars.
If the placement of the steel rebar is not correct, it must be removed and reinserted, so supervision is crucial during this process.
Dong Thap native Huynh Thi Tim assists her fellow workers.
Below Nguyen Hue, three excavators are being used in the station's construction.
Workers remove cement from iron support pillars underground.
An excavator collects dirt to remove from the construction site. Teams beneath Pasteur and Nguyen Hue Streets work around the clock to excavate more than 500 cubic meters of earth a day in preparation for Saigon Metro's Opera House station.
An excavator brings large quantities of dirt from the subterranean construction site above ground.
If the placement of the steel rebar is not correct, it must be removed and reinserted, so supervision is crucial during this process.
Dong Thap native Huynh Thi Tim assists her fellow workers.
Below Nguyen Hue, three excavators are being used in the station's construction.
Workers remove cement from iron support pillars underground.
An excavator collects dirt to remove from the construction site. Teams beneath Pasteur and Nguyen Hue Streets work around the clock to excavate more than 500 cubic meters of earth a day in preparation for Saigon Metro's Opera House station.
An excavator brings large quantities of dirt from the subterranean construction site above ground.
Viet
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Construction Begins on New Downtown Saigon Skyscraper
Published on Monday, 21 December 2015 13:36
Written by Saigoneer. Photos by Lee Starnes.
Earlier this month, developers broke ground on the Saigon Me Linh Tower, adding yet another skyscraper to District 1's riverside Me Linh roundabout.
Sabeco Pearl Joint Stock Investment Company, the project's principal investor, began work on the 39-story mixed-use facility on December 5 in cooperation with local developer Novaland, reports REIC.
Though the skyscraper was originally designed in 2008 and the plot of land at 2-4-6 Hai Ba Trung has been fenced off for months, things are finally getting under way. The project was previously caught up in red tape, as the city government had denied Sabeco, the Vietnamese beverage giant, and its investors the ability to do business outside its field, however things seem to have been ironed out, as the principal investor in the new structure still has Sabeco in its name.
Once complete, the diamond-shaped Saigon Me Linh Tower will house restaurants, apartments, office space, a shopping center and a hotel. The end result will cover 2,520 square meters.
Published on Monday, 21 December 2015 13:36
Written by Saigoneer. Photos by Lee Starnes.
Earlier this month, developers broke ground on the Saigon Me Linh Tower, adding yet another skyscraper to District 1's riverside Me Linh roundabout.
Sabeco Pearl Joint Stock Investment Company, the project's principal investor, began work on the 39-story mixed-use facility on December 5 in cooperation with local developer Novaland, reports REIC.
Though the skyscraper was originally designed in 2008 and the plot of land at 2-4-6 Hai Ba Trung has been fenced off for months, things are finally getting under way. The project was previously caught up in red tape, as the city government had denied Sabeco, the Vietnamese beverage giant, and its investors the ability to do business outside its field, however things seem to have been ironed out, as the principal investor in the new structure still has Sabeco in its name.
Once complete, the diamond-shaped Saigon Me Linh Tower will house restaurants, apartments, office space, a shopping center and a hotel. The end result will cover 2,520 square meters.
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