Industry

The representatives of the cruise ship receive flowers from the HCMC tourism industry with the message “Thuan buom xuoi gio” (Bon Voyage). (Photo: SGGP) Captain Ludovic Provost thanked the respectful reception of the HCMC tourism industry. He said that was his first time coming to HCMC - Vietnam, while the Le Laperouse cruise ship had been there in mid-November 2019. After leaving HCMC, the cruise ship would continue to visit some other destinations, such as Nha Trang, Quy Nhon, Da Nang, Hue, Quang Binh, and Ha Long, Le Laperouse’s Captain said. "The landscapes of Vietnam are beautiful, and Vietnamese people are extremely friendly," he exclaimed. Deputy Director of the HCMC Department of Tourism Le Truong Hien Hoa welcomes Captain Ludovic Provost and his crew members. (Photo: SGGP) During its three-day stay in HCMC, the delegation will visit some famous destinations in the city center, such as Reunification Hall, Notre Dame Cathedral, and HCMC Post Office, and enjoy night … [Read more...] about HCMC welcomes first group of cruise ship tourists after Covid-19 pandemic

Illustrative image (Photo: organising board) HCM City (VNA) - The latest technologies, equipment and products in the printing and packaging industry will be on display at the 20th Vietnam International Printing and Packaging Industry Exhibition ( Vietnam Print Pack 2022 ) to be held in Ho Chi Minh City from September 21 to 24. Speaking at a press conference on September 13, Tu Luong, deputy director of the city's Department of Information and Communications , said the event would focus on technology trends and promote digital technology in the packaging and printing sector. The annual four-day expo is expected to attract 135 exhibitors from 15 countries and territories, including Vietnam, China, Germany, Hong Kong (China), India, Indonesia, Italy, Japan, Malaysia, the Philippines, the Republic of Korea, Taiwan (China), Thailand, the UK and the US. Covering an area of 8,500 square metres, the expo will feature 412 booths, displaying the latest printing machinery and … [Read more...] about HCM City to host Vietnam Print Pack 2022 expo

Binh Phuoc has the largest area in the southern key economic region, holds strategic geographical location as a gateway for socio-economic and cultural exchanges between the southeast, the Mekong Delta and neighbouring Cambodia. Its gross regional domestic product growth amounted to 9.01% in the first nine months of this year, higher than the country’s average and topping the southeast’s. Participants were also impressed by the province’s revenue to the State budget and recovering exports. The number of firms resuming operation doubled the shut-down ones, contributing to generating jobs to nearly 37,000 workers. Binh Phuoc also completed the provincial planning for the 2021-2030 period with a vision to 2050. In order to welcome new investment flows in the near future, the province should make thorough preparations in terms of both hard and soft infrastructure, especially information technology and digitalisation, N.A. Chairman Hue said. According to him, Binh Phuoc should focus … [Read more...] about N.A. Chairman congratulates Binh Phuoc on achievements

Cotton Council International and the Vietnam Textile and Apparel Association will host Cotton Day Vietnam 2021 with the theme “Sustainability and Transparency You Can Trust” on December 1. (Photo: courtesy of the organisers) HCM City (VNA) - Cotton Day Vietnam 2021, a forum on trends and solutions to help Vietnamese textile enterprises revive after COVID-19, will be held online on December 1. The fifth annual event themed “Sustainability and Transparency You Can Trust” will be organised by the Cotton Council International (CCI) and the Vietnam Textile and Apparel Association ( VITAS ). The event will include a seminar with presentations and updated information on the situation of the cotton industry in Vietnam and the world, and trends and perspectives from the world’s leading brands and retailers relating to sustainable cotton. It will also provide solutions that textile and garment companies in Vietnam need to adapt to market demands after COVID-19. Speaking at a … [Read more...] about Cotton Day Vietnam online forum to help Vietnamese textile enterprises revive after COVID-19

At the ceremony to announce the establishment of Chon Thanh town in Binh Phuoc province (Photo: VNA) Binh Phuoc (VNA) – National Assembly (NA) Chairman Vuong Dinh Hue attended a ceremony on October 1 in the southeastern province of Binh Phuoc to announce the establishment of Chon Thanh town in the province. Under Resolution 570/NQ-UBTVQH15 dated August 11, 2022 of the NA Standing Committee, Chon Thanh town is formed comprising all 390.34 sq.km of natural area and a population of 121,083 of Chon Thanh district. Chon Thanh district is home to several big industrial parks attracting many investors, such as Minh Hung-RoK, Minh Hung III, Chon Thanh I and II, and the Becamex Binh Phuoc industrial-urban complex. Addressing the ceremony, the NA Chairman said Binh Phuoc province and Chon Thanh town should make the best use of their advantage of a strategic location and a transport hub connecting the southeastern, southwestern and Central Highlands regions to develop … [Read more...] about NA Chairman attends ceremony announcing establishment of new town in Binh Phuoc

The first sample of chip made by FPT semiconductor. — Photo courtersy of FPT Viet Nam’s leading ICT company FPT Software has launched a new subsidiary, FPT Semiconductor, marking a key milestone for the company as it enters the booming semiconductor industry. Through the new subsidiary, FPT Software aims to gain a slice of Asia Pacific’s semiconductor market which accounts for 60 per cent of global sales. FPT Semiconductor released its first integrated circuits (ICs), designed in Viet Nam and manufactured in South Korea, in August 2022. These ICs will be used in Internet of Things (IoT) medical devices. By 2023, FPT Semiconductor plans to supply 25 million chips globally in seven types to meet diverse needs in telecommunications, IoT, automotive technology, energy, electronics, and others. According to a Technavio report, Viet Nam's semiconductor industry is estimated to exceed US$6.16 billion by 2024. FPT Semiconductor aims to become a supplier of Vietnamese brand chips for … [Read more...] about FPT Software produces made in Viet Nam chips

Molex's manufacturing plant in Ha Noi. — Photo courtesy of the company Molex, a global electronics leader and connectivity innovator, is expanding its existing manufacturing operations in Ha Noi to include a new 16,000 square metre facility, the company has announced. The company expects the expansion will support over 200 new jobs in advanced high-tech manufacturing. Molex opened its first facility in the country in 2007. The expansion will help support the growing demand for its products that are used in many different applications, which include smartphones, TVs, home appliances, test equipment and medical devices, the company said in a statement. “Molex has operated in Viet Nam for 15 years and this expansion represents our long-term commitment to the country and the community,” said Joe Nelligan, CEO of Molex. “Expanding our manufacturing footprint in Ha Noi gives us added capability and capacity in the Asia Pacific region as we plan to grow with our customers and … [Read more...] about Molex expands its manufacturing plant in VN

With its long-term vision for sustainable development, coupled with a clear implementation strategy and an effective social and environmental risk management system, VPBank has gradually become a role model of a “green” bank in Vietnam. Such progress has brought sustainable values to the bank itself as well as the community and the whole economy. Mrs. Luu Thi Thao, VPBank’s Standing Deputy CEO, shared with the Asian Business Leadership Forum (ABLF) the bank's efforts in building its Environmental, Social, and Governance (ESG) scheme. Mrs. Luu Thi Thao, VPBank’s Standing Deputy CEO In July, Moody's for the first time announced VPBank's ESG sustainability score at 2 out of 5, with 1 being the highest. Is this a testament to VPBank's long-term strategy for sustainability and building up the image of a green bank? What were the factors contributing to such a good result? With a rating at 2, out of 5 by Moody's for VPBank’s strong foundation, clear strategy and effective … [Read more...] about Sustainable finance is the way to address ESG challenges

An investor watching stock movements on his smartphone and laptop. — Photo nld.com.vn Investors went through a turbulent week as the VN-Index reported the biggest weekly fall since May. Analysts said that in the current environment, financial markets are very likely to continue revaluing. On the Ho Chi Minh Stock Exchange (HoSE), the VN-Index ended the last session of September at 1,132 points, up 0.54 per cent. However, it had lost 12 per cent last month and more than 24 per cent in 2022. The HNX-Index on the Ha Noi Stock Exchange (HNX) closed last week at 250.25 points, an increase of 0.34 per cent. For the week, both benchmarks posted big falls, of which the VN-Index dropped 5.9 per cent and the HNX-Index plummeted 5.4 per cent. Trading value on HOSE rose 12.8 per cent over the previous week to nearly VND68.3 trillion (US$2.86 billion), equal to a trading volume of more than 2.8 billion shares, up 18.1 per cent. Meanwhile, the trading value on HNX declined by 1.2 per … [Read more...] about Market likely to continue to correct this week

Flash flood in Nghe An's Ky Son district (Photo: VNA) According to the standing office of the National Steering Committee for Natural Disaster Prevention and Control, in Thanh Hoa, Nghe An and Ha Tinh, 26 houses saw over 70% of their structure damaged, 143 had their roofs blown off, 55 were affected by landslides, and over 14,000 submerged. Over 2,000 families had to relocate. Flooding also damaged 11,435 ha of rice and other crops, more than 3,800 ha of industrial and fruit trees, nearly 135 ha of forest, over 9,000 ha of ponds and lakes, and more than 710 tonnes of salt. The disaster also killed 155,340 cattle and poultry heads; affected 127 schools; 9,150 metres of canals and 82 bridges and sewers and eroded 1,550 metres of river bank. According to the National Centre for Hydro-meteorological Forecasting, on October 3, heavy rains are expected across Vietnam. Downpours are forecast to reduce in the north central region on October 4, but continue in the south central, … [Read more...] about Floods kill eight in Nghe An, Ha Tinh