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Ho Chi Minh attracts nearly $4B investment in 2019

Publication date 21 August 2019 | 21:05 | ICT

Ho Chi Minh City attracted about US$3.63 billion in foreign direct investment (FDI) capital in the first seven months of this year, marking a year-on-year increase of 15.2 per cent, according to the municipal People’s Committee.



  • Property Perfect Two new projects in Bangkok

    Publication date 21 August 2019 | 19:12 | ICT

    Listed property firm Property Perfect plans to launch two new residential projects under a joint venture with its Japanese partner, Sekisui Chemical and Hongkong Land worth a combined 6.03 billion baht ($195.9 million), the company’

  • S’pore private home sales up 43.5% in July

    Publication date 21 August 2019 | 19:11 | ICT

    Singaporean developers sold 1,178 private homes last month, up 43.5 per cent from the 821 units they moved in June, but 31.7 per cent lower than the bumper crop of 1,724 units they sold in July last year during the last-minute rush

  • Road damage harming S’ville trade

    Publication date 20 August 2019 | 21:47 | ICT

    The Minister of Public Works and Transport Sun Chanthol said on Tuesday that road damage in Preah Sihanouk province caused by recent rainfall and traffic congestion has been affecting the transport of goods between Phnom Penh and Si

  • South Korea to issue fines against VW, Porsche

    Publication date 20 August 2019 | 21:46 | ICT

    South Korea said on Tuesday it will issue fines and file criminal complaints against Volkswagen and Porsche for installing “illicit devices” that helped multiple diesel vehicles cheat pollution standards.

  • Energy firms set gas project deadline in Papua New Guinea

    Publication date 20 August 2019 | 21:45 | ICT

    Australian firm Oil Search on Tuesday accused Papua New Guinea of backtracking on a deal to build a new liquefied natural gas project and set an August 31 deadline to resolve the dispute.

  • Construction date yet to be set for $1.3B coal-fired station

    Publication date 20 August 2019 | 21:43 | ICT

    A nearly $1.3 billion coal-fired power station project in Preah Sihanouk province is still in the research and development stage with a construction date still not set, a Ministry of Mines and Energy spokesman told The Post.

  • Baidu posts higher than expected revenue

    Publication date 20 August 2019 | 19:21 | ICT

    Chinese internet giant Baidu regained momentum during the second quarter, posting better-than-expected revenue on Tuesday thanks to strong traffic growth, though it also announced a huge drop in net profit.

  • GAFA decry ‘discriminatory’ French digi tax

    Publication date 20 August 2019 | 19:20 | ICT

    American tech giants Amazon, Facebook and Google joined forces on Monday to decry the French digital tax as retroactive and discriminatory.

  • Huawei dismisses Washington’s latest suspension of ‘unjust’ ban

    Publication date 20 August 2019 | 19:18 | ICT

    Huawei on Tuesday dismissed Washington’s three-month delay to a ban on US firms selling to the Chinese tech giant and said the decision would not change the fact it had been “treated unjustly”.

  • Japan to promote Africa ties to counter Chinese influence

    Publication date 20 August 2019 | 19:16 | ICT

    The Japanese government is making final arrangements to include the promotion of a Free and Open Indo-Pacific strategy led by Japan and the US in a declaration at the upcoming Tokyo International Conference on African Development (Ticad).