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ABB Electrification Innovation Day featured solutions that help customers embrace the power of digitalization to improve energy consumption, optimize performance and operation, and contribute to a lower carbon future. The event attracted about 200 leaders from consulting, EPC, real estate, and industrial companies. Digital solutions enable customers to efficiently maintain and manage a charging network Vietnam is considered one of the most dynamic and stable countries in Southeast Asia. The increasing population, a rising appetite for goods and services, rapid urbanization, and growing economic activities in industrial and service sectors are exerting increased pressure on energy supplies in Vietnam. Its electricity demand is forecast to increase at a high rate over the coming years with 8.5 percent per year for the 2021-2030 period. Meanwhile, the rising cost of energy is one of the biggest challenges facing businesses today. Therefore, availability of adequate and … [Read more...] about ABB Electrification Innovation Day highlights the keys to a sustainable Vietnam

Vietnam has outperformed major regional indices, making the market nearly quadrupled in size compared with the start of 2012 and the trading exceeding $1 billion a day. In its latest report, HSBC has stated that many funds already have Vietnam’s stock market on their radar with excitement about the country’s potential inclusion in the emerging market (EM) index. Vietnam's stock market expected a bright future. Photo: The Hanoi Times If the inclusion weight for Vietnam in EM Asia is 2%, inflows would be US$8-9 billion. That is 1.4x the current allocation by foreign funds and close to eight days of trading, HSBC noted in its latest study. The FTSE added Vietnam to a watch list in September 2018 for possible reclassification to secondary EM status, due in September 2022. The market is yet to make it onto MSCI’s watch list, but if required reforms are implemented, it might meet the necessary criteria ahead of May 2023, it added. On a roll According to the … [Read more...] about Vietnam’s stock market on foreign funds’ radar amid possible upgrade to EM status: HSBC

The country called for support from the global community in enhancing climate resilience capabilities for the Mekong Delta region, eventually contributing to national and regional food security. Vietnam envisions to promote a low-carbon agricultural sector with three main pillars consisting of an agricultural ecosystem, modern rural areas, and smart farmers. Deputy Prime Minister Le Minh Khai at the session. Photos: Tran Manh Deputy Prime Minister Le Minh Khai gave the remarks at the “Averting a Global Food Crisis” session of the World Economic Forum annual meeting in Davos-Klosters on May 23. According to Khai, severe consequences from the Covid-19 pandemic and geopolitical tension are causing unprecedented impacts on the global food supply chains. In this context, Khai called for a comprehensive and multi-purpose approach to ensure a self-reliant, inclusive, and sustainable global food system. “An urgent matter is to provide humanitarian aid to … [Read more...] about Vietnam envisions low-carbon agricultural sector

Vietnamese Prime Minister Pham Minh Chinh (L) meets with US President Joe Biden (Photo: VNA) Boost in tourism At the conference to promote investment, trade, and tourism between Vietnam and the US, the Saigontourist Travel Company signed a Memorandum of Understanding (MOU) on a comprehensive strategy with US and their Vietnam Airlines partners to promote two-way tourism cooperation. Commenting on the US tourist market, a representative of Saigontourist company said that this is one of the major tourist markets. Every year, the company welcomes and serves about 30,000 US tourists for tours into Vietnam by air and sea routes. According to the present schedule, in 2022 and 2023, the Saigontourist company is expecting to receive a total of 23 cruise ships, with an estimated number of 22,550 tourists from the US alone. According to Mr. Nguyen Huu Y Yen, General Director of the Saigontourist company, his company is currently focused on promoting a program titled "Vision Destination … [Read more...] about Vietnam, US plan several cooperative ventures

He proposed the establishment of a food innovation hub for Southeast Asia in Vietnam when addressing the “Averting a Global Food Crisis” session, a panel discussion with World Food Program Executive Director David Beasley, UAE Climate and Environment Minister Mariam Mohammed Saeed Al Mheiri, Tanzania’s Vice President Philip Isdor Mpango, and CEO of the Swiss agriculture company Syngenta, J Erik Fyrwald. Delivering the opening remarks, the Vietnamese Deputy PM addressed current food shortages and their severity in a number of countries. “As you know we are going through a crisis on top of a crisis,” he said. “The double impact of the COVID-19 pandemic and geo-political intentions in some countries have caused some unprecedented impacts on the supply and prices of the global food chain. It has left a direct impact on people’s lives, leaving millions of people facing food shortages. “Climate change, digital transformation and green consumption and enhanced social responsibility … [Read more...] about Deputy PM busy on opening day of 52nd WEF annual meeting

But then it would take the 32-year-old in Thanh Xuan District at least a few days to reorganize the mess. The clothes had piled up in the closet and under the bed and some even had to be sent to her mother's house due to her shopping and hoarding habits. A professional organizer helps fold and rearrange clothes for a client in Hanoi in July 2021. Photo courtesy of House to Home Friends recommended that she hire a professional closet organizing service in April, when she was planning to move into a new house. "They told me I had to hire a minimum of two workers for two hours, and the fee ranged from VND250,000-400,000 (US$10-17.30) per hour, depending on the clutter level of the wardrobe," she says. It took the two workers four hours to complete the job. Her clothes, which previously took up three cabinets, were been sorted by color and neatly arranged to fit in one cabinet. It cost her VND2 million. Though closet organizing services in Hanoi are often … [Read more...] about Hanoians willing to spend big on professional wardrobe organizers

Indonesian drugmaker Kalbe Farma signs a joint venture with Fillipino consumer goods distributor Ecossential Foods on May 18 in Manila, the Phillipines ((Photo: kalbe.co.id) Jakarta – Indonesian top drugmaker Kalbe Farma has announced the founding of a joint venture in the Philippines as the company plans to expand its operation across Southeast Asia. Kalbe, through its subsidiary Kalbe International, will control 60 percent of Kalbe Ecossential International while Philippine consumer goods distributor Ecossential Foods will hold the rest. The joint venture is expected to help increase Kalbe's sales of its nutrition products in the Philippines before introducing others such as prescription and over-the-counter drugs, as well as herbal medicines in Southeast Asia's second most populous nation after Indonesia. Vidjongtius, president director of Kalbe Farma, said the Ecossential partnership is a "first step" as the Indonesian corporation looks to collaborate with other local … [Read more...] about Indonesia’s drugmaker Kalbe Farma to expand operation

This year's theme was Celebrating Life and the event coincided with Roche Global’s 125-year anniversary celebrations. It attracted more than 190 employees nationwide to participate in the walk, marking the 15 th consecutive year of the Roche Children’s Walk in Vietnam. Employees participating in Roche Children’s Walk contributed funds to support children in need globally and in Vietnam through direct donations or flea market activities. Employee donations were also company matched and used to support children around the globe through the legally independent charity Re&Act. At this meaningful event, Dr. Qadeer Raza, general manager of Roche Vietnam said, “This fundraising event also exemplifies Roche's mission to improve people's lives and our commitment to long-term sustainable development in Vietnam and throughout the world.” Lennor Carrillo, general director of Roche Pharma Vietnam added, “5km is the distance that many children in Malawi or in some remote areas in Vietnam … [Read more...] about Roche Vietnam hosts children’s walk

Representatives of Doctor Anywhere and MB Ageas Life at the signing ceremony on May 23 This partnership is one of DA Vietnam's plans to expand in Vietnam and tap into the growing demands here after three years of operation in the country. Under the agreement, MB Ageas Life's customers will enjoy special benefits such as medical secretaries to assist VIP customers with procedures at hospitals and clinics during initial medical examinations, free online consultations with a doctor on the Doctor Anywhere mobile app, and medication purchases and door-step deliveries at DA Pharmacy. Health checkup results are sent to customers and, at the same time, stored on the E-Medical record system. All information is kept synchronised and secured for easier monitoring, updates, and searches. In addition, based on the results of health screenings, customers can receive advice on appropriate nutrition, exercise, and activities from a specialised doctor or from a specialist on the Doctor … [Read more...] about Doctor Anywhere and MB Ageas Life strengthen partnership

Peter Nguyen, co-founder of thuocsi.vn Thuocsi.vn is a B2B platform for healthcare and pharmacy, supplying different types of healthcare and pharmaceutical products in Vietnam. During the pandemic, we experienced supply chain disruptions both at home and abroad. The company had to temporarily close if there was just one infection. Indeed, several distributors and suppliers of important drugs for Vietnamese customers have encountered a lot of disruptions. Fortunately, we have set up our own warehouses in Hanoi and Ho Chi Minh City to respond quickly to the situation. When the cities were locked down, we still managed to transport products from Ho Chi Minh City to Hanoi in one night. Our plan is to find some more warehouses in the southern area. In particular, we will develop smaller distribution centres in close proximity to customers. This will help streamline our operation as well as reduce the delivery time to only 1-2 days. Nelson Wu , CEO of BEST Inc . … [Read more...] about Navigating supply chain operations in the new normal