Connect with us
//pagead2.googlesyndication.com/pagead/js/adsbygoogle.js (adsbygoogle = window.adsbygoogle || []).push({});

Vietnam

Thailand’s SCG signs $3.2b loans to fund project in Vietnam

SCG has signed loan agreements to finance development of its Long Sơn Petrochemicals Company Limited in Bà Rịa – Vũng Tàu in Vietnam

Boris Sullivan

Published

on

SCG has signed loan agreements worth over US$3.2 billion with six banks in its home country, Thailand, to fund construction of Việt Nam’s first fully integrated petrochemical complex, Long Sơn Petrochemicals Company Limited (LSP).

Construction will begin in the third quarter of this year and the complex’s commercial operations are expected to start in the first half of 2023 to meet Việt Nam’s soaring demand, now at 2.3 million tonnes a year and projected to expand consistently thanks to the country’s strong economic growth.

Roongrote Rangsiyopash, president and CEO of SCG, said: “Long Sơn Petrochemicals is a world-scale petrochemical complex with an investment of $5.4 billion. It is SCG’s flagship investment.

SCG signs $3.2b loans in Thailand

0/5 (0 Reviews)
Comments

Investment

Vietnam sustains FDI growth amid US-China trade war

Japan was the largest source country, with 429 newly granted FDI projects totalling $8.5bn, MPI figures show

Avatar

Published

on

Strong FDI figures in 2018 mark the sixth straight record year, following a string of strong realised FDI capital figures, estimated at $17.5bn in 2016, $15.8bn in 2015 and $14.5bn in 2014.

(more…)
0/5 (0 Reviews)
Continue Reading

Asean

ASEAN seeks measures to push sustainable tourism development

ASEAN members gathered in Vietnamst ouching upon measures to speed up sustainable tourism development.

Avatar

Published

on

Nearly 200 delegates, including leaders of national tourism organizations (NTOs) of ASEAN members and the regional groupings partners gathered in Vietnams northern Quang Ninh province on Monday, touching upon measures to speed up sustainable tourism development.

Addressing the meeting, Nguyen Trung Khanh, general director of the Vietnam National Administration of Tourism, said tourism sector makes contributions to better political and cultural understanding, and closer bilateral and multilateral cooperation not only among regional countries, but also among nations in the world.

At the 49th meeting of NTOs of countries of the Association of Southeast Asian Nations (ASEAN) which opened on Monday in Quang Ninhs Ha Long city, the delegates also highlighted contributions of tourism sector to gross domestic product.

Thailand Is Second Most Visited Country In Asia

Thailand attracted second highest number of tourists in the region with 32.58 million visitors in 2016

The Asia Pacific region accounts for 30 per cent of the world’s international tourism receipts

But Bangkok has been engulfed by smog for the past few days, raising questions about how seriously the authorities are taking the air pollution problem in the Thai capital.

Experts warn of the threat to public health if the unhealthy air quality levels persist, urging authorities to enforce mitigation measures to protect people’s health

It has been almost a week since the PM2.5 level in Bangkok rose significantly, forming a thick layer of smog over the city, but authorities are still scrambling to find solutions to help ease the problem

Spraying water over Greater Bangkok’s sky, trying to produce artificial rain haven’t brought any significant results so far.

The Asia Pacific region has outperformed all other regions in terms of growth, with international tourist arrivals increasing an average 7% per year compared to the world average of 4%.

The Asia Pacific region accounts for 30 per cent of the world’s international tourism receipts.

Thailand attracted second highest number of tourists in the region with 32.58 million visitors in 2016.

Source : English.news.cn

0/5 (0 Reviews)
Continue Reading

Banking

Moody’s upgrades Vietnam’s ratings to Ba3 and changes outlook to stable

Moody’s Investors Service (“Moody’s”) has today upgraded the Government of Vietnam’s long-term issuer and senior unsecured ratings to Ba3 from B1 and changed the outlook to stable from positive

Boris Sullivan

Published

on

Moody’s Investors Service (“Moody’s”) has today upgraded the Government of Vietnam’s long-term issuer and senior unsecured ratings to Ba3 from B1 and changed the outlook to stable from positive. (more…)


0/5


(0 Reviews)
Continue Reading

Most Read

Must Read

Subscribe via Email

Enter your email address to receive notifications of new articles by email.

Join 14,324 other subscribers

Trending