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Vinamilk seeks to buy second U.S. dairy company in growth push

Vietnam Dairy Products JSC, Southeast Asia’s biggest milk producer by market value, is in talks to buy another U.S. company as it accelerates acquisitions to expand globally and drive revenue. The company, known as Vinamilk, expects the deal to close as early as next year, Chief Executive Officer Mai Kieu …

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Vietnam plans IPO for Dung Quat refinery by June 2017

Vietnam aims to privatise its $3 billion Dung Quat oil refinery by June 2017, with energy firms from Russia, Thailand and Kuwait expressing interest in taking a strategic stake, the head of the refinery’s operator said on Wednesday. Vietnam is trying to accelerate the sale of stakes in state firms, …

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Vietnam to shut Nam Con Son gas pipeline for maintenance

Vietnam’s Nam Con Son gas pipeline will be shut from Friday for periodic maintenance, cutting natural gas supplies to power plants responsible for 13.5 percent of the country’s electricity output, a company official said on Tuesday. “The pipeline will undergo the maintenance, which is conducted every five years, so it …

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Vietnam gov’t firm on GDP target

The Vietnamese government is adamant that it will be able to meet an economic growth target of 6.7 percent for this year, despite outlooks suggesting the real rate might be much lower. After the opening of the third session of the 14th lawmaking National Assembly on Monday, Prime Minister Nguyen …

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Vietnam set to approve coal-fired power plants worth $7.5 bln

Vietnam expects to grant investment licences for three coal-fired power plants worth a combined $7.5 billion, the country’s investment minister said. Although Vietnam wants to boost renewable energy output amid resources scarcity and environmental issues, it has been mostly reliant on coal-fired and hydro power plants to meet its annual …

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U.S. companies sign billions in deals with Vietnam

SEATTLE/WASHINGTON – U.S. industrial companies General Electric Co and Caterpillar Inc made deals with Vietnam worth billions of dollars as Vietnamese Prime Minister Nguyen Xuan Phuc continued his three-day trip to the United States. Phuc’s trip included a meeting with President Donald Trump Wednesday afternoon at the White House as …

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Cai Lan seaport launches new route linking six nations

ACS international maritime route has been launched at Cai Lan International Container Seaport linking six nations including India, Malaysia, Singapore, Vietnam, China and South Korea on Tuesday. The route has been developed by the alliance of two shipping lines Huyndai Merchant Marine and Gold Star Line. On the same day, …

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