AEC Feed

Irish company Mainstream Renewable Power and GE Energy Financial Services have signed a|term sheet to develop, build and|operate large wind power plants in Vietnam.
The projects are expected to |comprise both greenfield and partially developed sites and include co-operation with local and international developers, and receive financing through a Mainstream and GE Energy Financial Services joint development agreement.
The aim of the agreement is to complement the 1GW initiative that GE and the Ministry of Industry and Trade signed last May to speed up large wind projects.
By combining Viet Nam's abundant wind resource with GE's technology, know-how and in-country manufacturing capability and Mainstream's expertise in development, construction and operations, the partners |seek to enable the country to |reach its 2020 renewables target. |— Viet Nam News

Investment approved for industrial expansion project
Vietnam’s Prime Minister Nguyen Xuan Phuc approved investment in the Le Minh Xuan industrial zone expansion project in Binh Chanh District, HCM City.
The expansion project, with total area of 109ha, is initiated by Vietnam’s Binh Chanh Construction Investment Shareholding (BCCI).
From December 2016 to December 2023, construction of basic infrastructure, roads, drains and sewage systems, as well as water and electricity supplies, will be completed, with focus on the construction of a waste water treatment factory from 2017 |to 2023.
The project begins operation from the second quarter of 2017. Total |project investment is some 1.147 |trillion dong (Bt1.8 billion, US$51.4 million).
The expansion project will take place in Tan Nhut Ward and Le Minh Xuan Ward, next to the current Le Minh Xuan industrial zone, west of HCM City. – Viet Nam News

Shell IPO approval may be biggest yet in Philippines
The Philippine Stock Exchange has approved a plan by the local unit of Royal Dutch Shell to sell as much as 29.7 billion peso ( Bt52.4 billion) worth of shares in what could be a landmark initial public offering (IPO) in October.
The Pilipinas Shell Petroleum Corp IPO will run from October 19 to 25 after the price setting on October |13, based on an offering memorandum issued by the PSE on Thursday.
Pilipinas Shell, which is executing |a much-awaited stock market debut mandated by the downstream |oil industry deregulation law of |1998, seeks to offer up to 330 million primary and secondary shares |to the public for as much as| P90 per share.
The listing on the PSE’s main board under the ticker “SHLPH” is scheduled on November 3.
If the company is able to issue the maximum amount of shares at the maximum price, it will be the biggest stock market debut seen in the| history of the Philippine Stock Exchange. - Philippine Daily Inquirer

10 companies honoured at 2016 Vietnam HR Awards
Ten local and multinational companies were honoured at the 2016 Vietnam HR Awards ceremony held in HCM City on September 28.
The awards are given to outstanding enterprises in five human resources categories: manpower planning and resourcing, compensation and rewards policies, performance management, training and human capital development, and best workplace environment.
Of the 10 companies honoured, four were Vietnamese – Novaland, The Gioi Di Dong, FPT, and Techcombank.
Unilever, Nestle, IBM, CSC, BAT, and HSBC Viet Nam were the other six winners.
Unilever won three out of five categories: manpower planning and resourcing, training and human capital development, and best workplace environment. This also fetched Unilever the Best HR Practices of |the Vietnam HR Awards. — Viet Nam News.