Vietnam’s second-home segment on the rise Kenneth Atkinson, founder and senior board adviser at Grant Thornton Vietnam, shares with Bich Ngoc his opinion on the future for Vietnam’s second home market. Vietnam has been one of the top-performing inbound tourism markets over the last few years. In January, the country received just under 2 million […]
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Santiburi Koh Samui Certified as a 2020 Green Hotel, a carbon-neutral resort Santiburi Koh Samui has been certified as a 2020 Green Hotel and recognized as a carbon-neutral resort. Located among 23 acres of gardens and coconut groves, with nearly 1,000 feet of private sandy beach, Santiburi Koh Samui has received the certification from the […]
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Hà Nội condominium market sputters according to CBRE Vietnam Hà Nội’s property market in the first quarter this year saw a low level of new launch supply in the condominium segment due to COVID-19 outbreak, according to real estate investment group CBRE Vietnam. New launch supply in the quarter was limited at about 1,600 units, […]
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Cambodia’s Lower Sesan 2 hydropower plant ready in case of power shortage In order to ensure the safe and stable operation of the Lower Sesan 2 Hydropower Station amid the COVID-19 outbreak, Cambodian and Chinese employees from the plant’s operation and maintenance department have been continuously working for more than 120 days to tackle emergency […]
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China State Construction Engineering (Thailand) wins bid to build two factories in Thailand China State Construction Engineering (Thailand) Company Limited (CSCEC Thailand), a branch of China State Construction Engineering Corporation (CSCEC), recently received the bid acceptance letters for the construction of two factories for Tiangong Precision Tools and Great Star Industrial in Thailand. Both projects […]
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Coronavirus Delays Construction on 90 percent complete Lao-China Railway The nearly-finished railway project that would connect landlocked Laos with China is facing construction delays due to manpower shortages resulting from the coronavirus crisis, according to local government officials. Laos, which reported its first two confirmed cases of the deadly virus only late last month, had […]
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Electrical appliance manufacturers Haier Electrical and Midea Group on track with Thai expansion Thanes Bin-a-sun, senior vice-president of Haier Electrical Appliances Thailand, an arm of Haier Group. The company has allocated 30 million baht for a marketing campaign to stimulate spending this summer. Despite the unabated spread of the coronavirus, two giant Chinese air conditioner […]
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AboitizPower terminates $46m acquisition of Vietnam’s Mekong Wind Philippine-listed electricity giant Aboitiz Power Corp (AboitizPower) announced that its planned acquisition of Vietnam’s Mekong Wind has been terminated because some of the conditions of the deal were not met. “A condition precedent was not delivered, and the completion of the acquisition was not completed by the […]
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Vietnam’s HCM City to suspend work on non-urgent construction projects HCM CITY — HCM City has suspended non-urgent construction projects until April 15 in an aim to strictly follow nationwide social distancing rules amid the COVID-19 pandemic. The city’s Department of Construction has sent an urgent document to people’s committees in 24 districts and relevant […]
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Laos Ministry Orders Temporary Suspension of Mining Activities, Hydropower Construction Ministry of Energy and Mines Suspends Mining and Hydropower Activities The Lao Ministry of Energy and Mines has ordered the temporary suspension of mineral processing plants and hydropower construction projects under a new notice issued yesterday. The notice, signed by Vice Minister of Energy and […]
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