Viettel wins VNPT and MobiFone; KBC cancels many plans; Nutifood builds a pedestrian bridge across Saigon River

EVN receives transfer of Phu My 3 Power Plant; Vinaconex builds industrial park worth several thousand billion VND in Hanoi; Vietnamese airline leads 3 growth indexes in Asia-Pacific; Nutifood builds pedestrian bridge across Saigon River; Viettel wins spectrum auction to deploy 5G...

EVN receives transfer of Phu My 3 Power Plant

Phu My 3 BOT Power Plant is the first independent power project under the BOT (build-operate-transfer) model in Vietnam.

Sembcorp Industries (Sembcorp), through a joint venture that owns 67% of shares in Phu My 3 BOT Power Company Limited, has just held a handover ceremony of Phu My 3 Power Plant to Vietnam Electricity (EVN) after 20 years of commercial operation.

Phu My 3 Power Plant in Ba Ria - Vung Tau is the first independent power project under the BOT model in Vietnam. Put into operation since 2004, Phu My 3 Power Plant has made an important contribution to promoting knowledge sharing in the power industry on the newly developed combined cycle. The project has created about 100 new jobs.

The plant was previously operated by a joint venture partner consisting of Sembcorp Group, Kyuden International Corporation and Sojitz Corporation.

Vietnamese airlines lead 3 growth indexes in Asia-Pacific

According to OAG, Vietjet is the leading low-cost airline in terms of capacity growth, short-haul frequency and route network in Asia-Pacific.

This information is stated in a recently published report by the world's leading organization specializing in monitoring and statistics on tourism and aviation - OAG. This unit said that the statistics are based on the world's largest information network on flights and markets. On that basis, OAG identified the most successful airlines and airports in Asia-Pacific in the period 2019-2023.

According to OAG, Vietjet Air leads in two categories as the region's fastest growing low-cost airline in terms of both operating capacity and flight frequency on short routes (under 4,630 km).

Following Vietnam Airlines in these two categories is India’s Indigo. In terms of long-haul flights, OAG identified Air India as the leading airline in terms of capacity and frequency of operations, followed by Singapore’s Scoot.

In addition, OAG also honored Vietjet as the "network expansion champion" when it opened a series of new routes in 2023. The second and third positions in this statistical category also belonged to two Indian airlines, Vistara and Indigo, respectively.

Last year, Vietjet added 33 more international and domestic routes. As a result, the airline owns a network of 125 routes, including 80 international routes. This low-cost airline operates about 133,000 flights, transporting over 25 million passengers, including more than 7.6 million international passengers (an increase of 183% compared to 2022)...

Viettel surpasses VNPT and Mobifone, wins spectrum auction to deploy 5G

Viettel Military Industry and Telecommunications Group announced that it has officially and successfully auctioned the right to use radio frequencies in the 2,500 - 2,600 MHz band. Viettel will hold this right for the next 15 years.

The 2500-2600 MHz frequency band is planned by the Ministry of Information and Communications to deploy mobile information systems according to 5G, 4G standards and subsequent technologies.

Viettel has the right to use radio frequencies in the 2,500 - 2,600 MHz band for the next 15 years.

For Viettel, the 2500-2600 MHz frequency band is of particular importance because this is an effective frequency band for Viettel to deploy simultaneously for both 4G and 5G mobile networks, thereby improving the quality of current 4G services and officially providing 5G services. This is also the optimal frequency band with a coverage area 1.3 times larger than the C band (3500 MHz).

Currently, 5G devices researched and manufactured by Viettel are ready to deploy on the 2500 - 2600 MHz band. Viettel plans to launch the 5G network nationwide in the near future.

Previously, on January 11, 2024, the Prime Minister approved Vietnam's Information and Communications Infrastructure Planning for the 2021-2030 period, with a vision to 2050.

The plan sets a target of a minimum average download speed of 100 Mbps for 5G networks by 2025, and 99% of the population by 2030. To realize the above goals, 2024 is the ripe time to license commercial 5G spectrum.

On January 17, the Minister of Information and Communications approved the plan to organize an auction of radio frequency usage rights for the 2500-2600 MHz band and the 3700-3900 MHz band for terrestrial mobile information systems according to IMT standards.

Kinh Bac City changes plan to pay cash dividends and buy back shares

The Board of Directors of Kinh Bac City Development Corporation (KBC) has approved the 2024 business plan as well as the program of the 1st Extraordinary General Meeting of Shareholders in 2024.

KBC targets total consolidated revenue and profit after tax in 2024 to reach VND9 trillion and VND4 trillion, respectively, up nearly 48% and 80% compared to the results in 2023.

KBC's Board of Directors said that the basis for setting the above target is that the Company's industrial park land lease area in 2024 is estimated to reach about 150 hectares, coming from industrial parks such as Nam Son Hap Linh, Quang Chau, Tan Phu Trung, especially Trang Due 3, in addition to industrial clusters in Hung Yen, Long An, etc. In addition, some urban area projects of KBC are also expected to record revenue and profit this year.

In addition to the projects already implemented, KBC said it is preparing new industrial park land funds to meet the needs of investors in the coming time.

Specifically, the Company is completing the necessary legal procedures to get project approval in localities such as Bac Ninh, Thai Nguyen, Hau Giang, Can Tho, Vung Tau, etc. with a total expected area of about 3,500 hectares of industrial park land and 650 hectares of urban area land.

Regarding the plan to pay a 20% dividend and buy back 100 million shares that has been approved by the General Meeting of Shareholders but has not been implemented, on March 28, at the 1st Extraordinary General Meeting of Shareholders 2024 at the Company's headquarters in Que Vo Industrial Park (Bac Ninh), the Company's Board of Directors will propose a plan to cancel the above plan.

Nutifood builds a pedestrian bridge across the Saigon River

The contract "Project proposal and feasibility study report for the pedestrian bridge across Saigon River" between Nutifood (investor) and the consortium of Chodai & Kiso - Jiban Vietnam Co., Ltd., Chodai Co., Ltd., Niwa Architecture Co., Ltd. (consultant - designer) took place at the headquarters of Nutifood Nutrition Food Joint Stock Company (Nutifood) in Ho Chi Minh City.

Nutifood signed a contract to "Prepare project proposal and feasibility study report for the pedestrian bridge across Saigon River" with partners.

The above consortium will coordinate with Nutifood to carry out the following items: project proposal, feasibility study survey task, construction design task, feasibility study report (including basic design).

The pedestrian bridge project that Nutifood has committed to sponsoring for Ho Chi Minh City has a total investment of over 1,000 billion VND. The bridge is expected to start construction on April 30, 2025 and be inaugurated on April 30, 2027.

The pedestrian bridge across the Saigon River is designed in the shape of a water coconut leaf. The bridge is planned to be located between Ba Son Bridge and the Saigon River Tunnel. The location on the District 1 side is in the Bach Dang Port Park area and closest to Nguyen Hue Walking Street. The Thu Duc City side is located in the riverside park and outside the boundary of Area A, south of the central square in the Thu Thiem new urban area.

Vinaconex builds industrial park worth several thousand billion VND in Hanoi

Dong Anh Industrial Park project is implemented in Nguyen Khe, Xuan Non, Thuy Lam, Lien Ha communes and Dong Anh town of Dong Anh district, Hanoi city with a total investment capital of more than 6,300 billion VND invested by Vinaconex.

On March 5, 2024, Deputy Prime Minister Le Minh Khai signed Decision No. 221/QD-TTg approving the investment policy for construction and business of infrastructure of Dong Anh Industrial Park (IP), Hanoi City.

Accordingly, Vietnam Construction and Import-Export Joint Stock Corporation is the project investor.

The project is implemented in the communes of Nguyen Khe, Xuan Non, Thuy Lam, Lien Ha and Dong Anh town, Dong Anh district, Hanoi city, with a land use scale of 299.45 hectares including 2 phases, with phase 1 being 179.1 hectares and phase 2 being 120.35 hectares.

In particular, the land area of existing investors and enterprises that have leased land from the State in accordance with the provisions of law, in accordance with the N6 urban zoning plan and the Dong Anh Industrial Park construction zoning plan, is not included in the area allowed to re-lease land of investors.

The project has a total investment capital of more than 6,338 billion VND, of which VCG's contributed capital is nearly 1,268 billion VND (accounting for 20% of total capital).

The project's operating period is 50 years from the date the project is approved for investment policy at the same time as the investor's approval.

In 2023, VCG recorded revenue of nearly VND 12,705 billion, an increase of 50%; net profit halved to nearly VND 378 billion. This is also the year VCG has the lowest net profit since listing on HOSE at the end of 2020.

Lizen invests in Huu Nghi - Chi Lang border gate expressway

Lizen's Board of Directors recently approved the investment policy for the Huu Nghi - Chi Lang border gate expressway project under the BOT form, replacing the Bac Giang - Lang Son - Huu Nghi BOT project. In this project, Lizen JSC plans to invest with a capital participation rate not exceeding 25%.

Lizen approved the investment policy for the Huu Nghi - Chi Lang border gate expressway project under the BOT form.

A month ago, the People's Committee of Lang Son province signed a decision approving the adjustment of this expressway project under the BOT form. Specifically, the project implementation period in the phased phase was adjusted from 2023 to 2026 (previously from 2023 to 2025) with a new total investment of about 11 trillion VND, a decrease of 150 billion VND compared to the previous approval.

The project requires investors and businesses to arrange more than 5.5 trillion VND, accounting for 50.13% of the total investment, of which equity capital is about 1.1 trillion VND. Loan capital and other legally mobilized capital sources are about 4.4 trillion VND.

Of the remaining, the state capital participating in the project is about 5.5 trillion VND, accounting for 49.87%, of which the central budget capital is 3.5 trillion VND, the provincial budget capital is 2 trillion VND. The payback period for the Huu Nghi - Chi Lang border gate expressway project is adjusted to 25 years and 8 months instead of 29 years and 6 months as before.

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