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PM Pham Minh Chinh (R) meets with CEO of Warburg Pincus Charles Kaye in New York on May 15. (Photo: VNA) Hanoi (VNA) – Prime Minister Pham Minh Chinh received executives of Warburg Pincus and Glenfarne Group in New York on May 15, part of his working visit to the US and the UN. Meeting with CEO of Warburg Pincus Charles Kaye, PM Chinh noted that in the time ahead, it is necessary to improve the effectiveness of funding and focus on the key areas that can boost other fields. He stressed Vietnam is investing efforts in developing strategic infrastructure, including digital and transport infrastructure, digital transformation, climate change fight, the capital market, and digital transition, calling on the private equity firm to promote sources of investment into Vietnam in these areas. Clarifying the issues of Warburg Pincus’s concern like the cooperation capability of Vietnamese companies, macro-economic stability, infrastructure, and logistics, the PM affirmed … [Read more...] about Vietnamese PM receives leaders of US companies in New York

In Q1, Thai Nguyen Iron And Steel JSC (TIS) witnessed its profit down by 35 per cent, to only VND29.2 billion. — VNA/VNS Photo The cost of raw materials and transportation fees have skyrocketed, causing the first-quarter profits of most steel companies to decline. Data from the Viet Nam Steel Association (VSA) showed that in the first quarter of this year, finished steel consumption reached 8.137 million tonnes, up 11.9 per cent over the same period in 2021. Of the estimate, steel exports reached about 2.275 million tonnes, with export value reaching US$2.3 billion, decreasing by 22.15 per cent in volume but up by 12.53 per cent in value over the same period last year. However, the business performance of many enterprises in the industry did not move in the same direction. The first-quarter business results report of Viet Nam Steel Corporation (TVN) showed a sharp decline in profit at member units, especially in the construction steel and galvanised steel segments. In the … [Read more...] about Steel companies report decline in Q1 profits

Coolmate CEO Pham Chi Nhu Before founding Coolmate, CEO Pham Chi Nhu held down many jobs from retailing cosmetics to selling online on e-commerce platforms. Nhu realized that customers look at not only the brand but also the price in comparison with quality, customer service and seller commitment. Coolmate was established with the goal of building a completely new shopping model, offering a shopping solution for male customers ensuring quality, goods prices, fast delivery and customer care. Nhu said that when it comes to stocking up on wardrobe essentials, such as shirts, pants, socks and underwear, male shoppers prefer to buy in bulk for the sake of convenience. Coolmate receives investment from STIC Investments Coolmate has also implemented corporate social responsibility by non-plastic packaging, cleaning returned products, and accompanying sponsors in environmental protection programs. Labeled “Proudly made in Vietnam”, Coolmate’s apparel is all … [Read more...] about Coolmate provides shopping solution for male customers

Pham Thi My Lien, president of GSK Pharma Viet Nam (right) receives an investment licence from the HCM City’s People’s Committee and Department of Planning and Investment at a ceremony held on May 11 in HCM City. — Photo courtesy of the company British global healthcare company GSK has launched its new legal entity in Viet Nam – GSK Pharma Viet Nam Company Limited (GSK Vietnam) – with an investment capital of US$200 million. For over nearly three decades, GSK’s representative office in Viet Nam has contributed to preventing and treating diseases in the country with its vaccines and medicines. The company said in a press release that it aims to deliver positive impacts on healthcare quality on more than one third of the Vietnamese population in the next three years. On May 11, it announced the establishment of GSK Vietnam to continue operating and growing sustainably and responsibly in the country. It targets becoming “one of the most innovative, best performing, and trusted … [Read more...] about British healthcare firm launches $200 million VN venture

Ekkasit Lakkananithiphan, president of Dow Vietnam As one of the prominent companies focusing on green technology, how has Dow Vietnam contributed to the country’s sustainability goals? As a global materials science company, we have primary sustainability goals. The first is to protect the climate, in which we implement and advance technologies to manufacture our products using fewer resources for carbon neutrality by 2050. And to tackle the plastics pollution, our goal is also to stop the waste and focus on investments in key technologies and infrastructure to significantly increase global recycling. By 2030, we aim to have one million metric tons of plastic collected, reused, or recycled globally through direct actions and partnerships. The next goal is to close the plastics loop by enabling all Dow products sold in reusable or recyclable packaging applications by 2035. In Vietnam, our focus is to educate people to change behaviours and segregate waste at its source … [Read more...] about Dow Vietnam committed to Vietnam’s sustainability

Group photo of ASEAN leaders and US President Joe Biden in front of the White House at the banquet held on May 12, held ahead of the ASEAN-US Special Summit. (Photo: VNA) Washington D.C. (VNA) - The United States and ASEAN countries’ leaders have met for the US-ASEAN Special Summit in Washington on May 12-13. Following is the full text of the statement: ASEAN-U.S. Special Summit 2022, Joint Vision Statement MAY 13, 2022 WE, the Member States of the Association of Southeast Asian Nations (ASEAN) and the United States gather on the occasion of the ASEAN-U.S. Special Summit, the first-ever to be held in Washington, D.C., on 12-13 May 2022. EMPHASIZING the importance of adhering to key principles, shared values and norms enshrined in the Charter of the United Nations, the ASEAN Charter, the Declaration on Zone of Peace, Freedom and Neutrality (ZOPFAN), the Treaty of Amity and Cooperation in Southeast Asia (TAC), the 1982 United Nations Convention on the Law of the Sea … [Read more...] about US-ASEAN ties to be upgraded to Comprehensive Strategic Partnership in November: Statement

The 105 th Cargill Cares school is located in the province’s remote mountainous Muong Lat District which has an underprivileged and largely ethnic minority population, where the pre-existing school had been requiring urgent repair and expansion. No access to electricity, heating or cooling in an area prone to sub-zero winters, and absence of administrative support like clean washrooms, insufficient infrastructure, and poor accessibility, often made just getting to school a daily challenge for students and faculty alike. Quang Chieu No. 1 Elementary School Muong Lat is known to be among the poorest areas in one of Vietnam’s poorest provinces, with the disaster prone region seeing a poverty rate over 17 times higher than the provincial average. Yet the importance of providing students in these remote areas the chance to get an education by providing proper infrastructure cannot be overlooked. Initially breaking ground before the pandemic, and with the subsequent … [Read more...] about Cargill extends access to education for ~400 children in rural Vietnam

Viet Nam's stock market is in a strong correction, down nearly 19 per cent since its peak in early April. — Photo tinnhanhchungkhoan.vn The State Securities Commission (SSC) is closely monitoring the developments of the economic-political situation, assessing the influence on Viet Nam's stock market in order to promptly take appropriate solutions aimed at stabilising the domestic stock market, said a representative of SSC. Viet Nam's stock market is in a strong correction, down nearly 19 per cent since its peak in early April. In a recent interview with Vietnam News Agency, a representative of the State Securities Commission (SSC) said that the domestic stock market was going through a strong adjustment period, due to the combined impact of domestic psychological factors as well as risks from the international market such as the Fed raising interest rates sharply, unresolved geopolitical tensions, inflationary pressures, sharp increases in input prices and rising energy prices. … [Read more...] about SSC prioritises stabilising solutions for stock market

Doctor Nguyen Thi Tuong Diem is examining a child (Photo: SGGP) On the morning of May 12, at the Ho Chi Minh City-based Children's Hospital 1 and the Children's Hospital 2, hundreds of parents brought their children to be examined. Ms. Ho Hai from Ben Cat City in the Southern Province of Binh Duong said that her child had a fever, vomiting, and jaundice; because she has read the information about the recommendations of the Ministry of Health on the internet, and fearing that her child would contract acute hepatitis; thus, she quickly took a bus from Binh Duong to take her child to Children's Hospital 1 for a medical checkup. Though doctors said that the baby did not have acute hepatitis, she insisted on a liver enzyme test for her baby as many cases reported gastrointestinal symptoms including abdominal pain, diarrhea and vomiting preceding presentation with severe acute hepatitis, and increased levels of liver enzymes On the same day, at the Pediatrics Department at many … [Read more...] about Experts warn not to abuse liver enzyme tests to detect acute hepatitis

An 18-year-old white gunman shot 10 people to death and wounded three on Saturday at a grocery store in a Black neighborhood of upstate New York, before surrendering after what authorities called an act of "racially motivated violent extremism." Authorities said the suspect, who was armed with an assault-style rifle and appeared to have acted alone, drove to Buffalo from his home several hours away to launch the afternoon attack that he broadcast in real time on social media platform Twitch, a live video service owned by Amazon.com. Eleven of the 13 people struck by gunfire were Black, officials said. The two others were white. The racial breakdown of the dead was not made clear. Court papers named the suspect as Payton Gendron of Conklin, a town of about 5,000 people in New York's Southern Tier region near the Pennsylvania border. He was arraigned hours after the shooting in state court on first-degree murder charges, which carry a maximum penalty of life in prison without … [Read more...] about Gunman kills 10 in live-streamed racial attack on New York state supermarket