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Filipino AC Energy launches 80-MW solar projects in Vietnam

The Hanoitimes – The projects are estimated to cost US$83 million, financed with debt and equity. AC Energy will participate with at least 50% economic share. AC Energy, a wholly owned subsidiary of the Philippines’ Ayala Corporation, in partnership with AMI Renewables Energy, signed an energy performance certificate (EPC) and financing documents for the development of […]

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Vietnam’s insurance industry grows 25% in 9 months

The Hanoitimes – During the January – September period, insurance companies reinvested VND293.31 trillion (US$12.59 billion) into the economy, up 26.8% year-on-year. The total premiums collected by insurance companies in Vietnam stood at VND93.76 trillion (US$4.02 billion) in the nine months through September, up 24.63% year-on-year, according to the Ministry of Finance.  Upon breaking down, non-life […]

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Bottleneck stymies Vietnam from getting foreign tech transfer

The Hanoitimes – A lack of skilled professionals is considered a main cause hindering Vietnam to get technology transfer from foreign direct investment (FDI) firms, experts said. According to Deputy Minister of Planning and Investment Nguyen The Phuong, FDI firms play an important role in attracting and transferring technology, but the efficiency of the transfer work […]

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