Slovakia invests $548m in Hoa Binh industrial park

HOØA BINH — Hoa Binh People's Committee and Slovakia-based BGT Slovensko Group on Tuesday signed a memorandum of understanding on investment into Lac Thinh Industrial Zone with a total capital of US$548 million.

BGT Slovensko pledged to carry out five projects in the industrial zone related to thermo-electric furnaces, beer, dairy products, insulation materials and solar cells.

The whole investment will be divided into three phases, the first to start later this month and finish in early 2014.

Environment, energy expo attracts 200 companies

HA NOI — The third Entech Environment and Energy Technology International Exhibition was open yesterday at the Viet Nam Exhibition Fair Centre in Ha Noi.

Roughly 80 domestic and foreign businesses participated in the four-day expo with nearly 200 technology, energy and environment products.

The two previous Entech expos attracted more than 5,000 guests, with contracts estimated at up to US$8 million.

Sai Gon-Ha Noi Bank opens Cambodia branch

HA NOI – The Sai Gon - Ha Noi Commercial Joint Stock Bank (SHB) was allowed to open a new branch in Cambodia yesterday, according to the State Bank's Regulation 4081/NHNN-TTGSNH.

The branch, located in Phnom Penh, will operate under Cambodian regulations.

SHB needs to complete all litigation procedures and prepare for material facilities as well as human resources within 18 months in order to receive a licence.

Vincom breaks ground on ‘Village' project

HA NOI — Property developer Vincom Group on Tuesday launched its Vincom Village project. The company is pumping VND10 trillion (US$476.2 million) into the 183.5-ha ecological construction in Long Bien District.

The village project includes villas, apartment blocks, trading centres, a school and a hospital.

Developers expect to complete the first phase of construction at the end of this year. Investors will begin receiving their villas from September and all villas will be handed over by December.

Doosan builds giant cranes in Viet Nam

HA NOI — Doosan Heavy Industries Viet Nam (Doosan Vina) successfully prepared three rail mounted quay cranes and four rubber tired gantry cranes for export to Singapore and India by sea yesterday.

The cranes, with a loading capacity of 40-50 tonnes, are set to bring in US$15 million in turnover. — VNS