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ANT Lawyers

Vietnam Law Firm with English Speaking Lawyers

ANT Lawyers

Vietnam Law Firm with English Speaking Lawyers

ANT Lawyers

Vietnam Law Firm with English Speaking Lawyers

Showing posts with label Asia in Vietnam. Show all posts
Showing posts with label Asia in Vietnam. Show all posts

Tuesday 5 April 2016

US GOVERNMENT SPONSORED 1 BILLION USD FOR VIETNAM WIND ENERGY

vietnam wind power plant
US Consulate in Ho Chi Minh City has just signed a non refundable sponsorship for Cong Ly Construction, Trade and Tourism Co., Ltd an aid amount of nearly 1 billion USD to conduct a feasibility study program to develop Bac Lieu wind power plant with capacity of 300MW.
Accordingly, the research project involves conducting assessments on resources and wind energy; review of licensing issues and land controlling; grid connection and foundation design; estimating construction costs… The project has been approved by the Prime Minister and this is the first private project of Vietnam in the field of offshore wind power, which is benefit from the supporting programs of the US Government to Vietnam.
This activity is part of the implementation of commitments to comprehensive support Vietnam of the US Government. At the same time, the connection and promote cooperation between the two Governments will help organizations and enterprises of the two countries to have the opportunity to connect with many commercial activities.
According to the project investor, Bac Lieu wind power plant is implemented in 3 phases. The 1st phase has been operated since August 2013 and used 10 wind turbines which were produced by the General Electric Company, with capacity of 16MW. After 19 months of operation, it has provided about 60 million KW of electricity into the national grid. The 2nd phase of the project is being implemented and the number of wind turbines will increase by 50, which is expected to go into operation by mid 2016.
Directed to complete a project with capacity of 300MW, in the 3rd phase, the project will be extended to the sea of about 2.1 km. According to leaders of Bac Lieu province, the construction of the Bac Lieu wind power plant is included in the overall plan to solve the problem of energy, especially clean energy. Moreover, through the deployment of wind power plant project, it is showed the benefits for ecology, culture, protection of forests and fisheries resources.
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Sunday 3 April 2016

VIETNAM EXPECTING STRONG CAPITAL WAVE FROM APPLE

apple invest in vietnam
Leaders of Ho Chi Minh City (HCMC), Binh Duong and Bac Ninh will create the most favorable conditions to invite and welcome Apple projects to be invested in Vietnam.
Ho Chi Minh City
Apple has proposed to build a database center serving Asia in Vietnam. The project has a total investment of approximately 1 billion USD. Presently, Apple is looking for place to put on the project construction headquarter.
According to Mr Nguyen Van Hung from HCMC’s Department of Planning and Investment, the leaders of the City have surveyed and contacted with Apple in the United States. The City always ready to welcome the high-tech projects.
Moreover, according to Mr Le Hoai Quoc from HCMC hi tech park, their management board has also actively contact with representatives of Apple in the previous year. The general view of the city as well as the management board is looking forward and welcoming the projects with high technological content. Therefore, the city has been very interested and willing to introduce to the Apple representatives about the preferred location for their investment projects. However, it seems they have chosen Hanoi.
Binh Duong
Similarly, in Binh Duong, Binh Duong People’s Committee also said that they are looking forward to welcome Apple’s projects to Binh Duong.
If their choice is Binh Duong, Apple will enjoy all the best preferential policies according to the criteria of high technology sector.
Binh Duong has favorable conditions, clear mechanisms and policies to attract investment with the most beautiful and modern infrastructure in the country.
In terms of location, Binh Duong is the HCMC’s gateway center. It is just 30 minutes driving from Tan Son Nhat airport to Binh Duong. All the conditions are not inferior to Bac Ninh and Bac Giang.
Binh Duong is the place that gathering most of the supporting technology manufacturing enterprises from Japan and South Korea. Hence, if Apple headquarter is located here, this province certainly can meet part of their business requirements. Binh Duong seems to be the only one area in Vietnam that develops high technology.

Bac Ninh
Bac Ninh is the province that is attracting a lot of high-tech projects, including Samsung as one of Apple’s major competitor.
This seems to be opportunities for both investors to compete with each other because everything is equal.
In addition to the general incentives policy of the Government, Bac Ninh is ready to offer their own incentive policies. In any case that the supporting was not enough, Bac Ninh will looking for further support.
In terms of the incentives policies for high-tech enterprises, Bac Ninh is currently leading the country, other provinces still have to learn from Bac Ninh to develop their policies. Moreover, Samsung and Nokia are still located in Bac Ninh therefore Apple will feel satisfy.