Company reports

The ceremony to sign the deal was held at the Intercontinental Landmark Hotel in Hanoi, and attended by executives from both companies, including Samsung Engineering Executive vice president GyuYeon Kang and DNP Water chairman Ngo Duc Vu. With this acquisition, Samsung Engineering holds a 24 percent stake in DNP Water, DNP Holding owns 53 percent and other stakeholders have 23 percent. DNP Water is a private enterprise that focuses on water supply business in Vietnam and is the largest private water treatment company in terms of capacity. It was spun off from the DNP Group, a manufacturer of plastic pipes, in 2017. Since then it has been growing in the water treatment business by buying private water supply assets and developing new businesses. (From L) Nguyen Van Hieu, DNP Holding CEO, Kang Gyu-yeon, Samsung Engineering EVP and Ngo Duc Vu, DNP Water Chairman at the signing ceremony. Photo by Samsung Engineering The Asian water treatment market is shifting from … [Read more...] about Samsung Engineering acquires stake in water treatment company

Hanoi (VNA) – The Vietnam Report JSC on July 1 announced the lists of Top 10 most prestigious life and non-life insurance companies in Vietnam in 2022. Accordingly, the 10 prestigious life insurance companies included Bao Viet Insurance, Dai-Ichi Vietnam , AIA Vietnam, Prudential Vietnam, Chubb Vietnam, MB Ageas, Hanwha Life Vietnam, Manulife Vietnam, Generali Vietnam, and Cathay Vietnam. Meanwhile, the top 10 non-life insurance companies in 2022 are Bao Viet Insurance, Posts and Telecommunications Joint Stock Insurance Corporation (PTI), PVI Insurance, Petrolimex Joint Stock Insurance Company (PJICO), Military Insurance Corporation (MIC), BIDV Insurance Corporation, Bao Minh Joint Stock Corporation, VietinBank Insurance Company, Agriculture Bank Insurance Joint Stock Corporation and Saigon-Hanoi Insurance Corporation. Based on the reputation of insurance companies, Vietnam Report made assessments objectively and independently on the foundation of their financial … [Read more...] about Top 10 prestigious insurance firms in 2022 announced

Shareholders voted for him to replace Dang Tat Thang, who was appointed in March after his predecessor Trinh Van Quyet was arrested for allegedly manipulating the stock market. Thang now serves as vice president of the company. Nguyen, brother-in-law of Quyet, has more than 17 years of experience in doing business and used to hold leading positions in many businesses. He was also a member of the board of directors of FLC Group from 2013 to October 2017 and from June 2018 to June 2020. FLC said it would focus on restructuring its management model and business plans this year. Several of its key leaders have been detained amid an investigation into possible stock market fraud that caused "serious damage to investors and affected the operations of Vietnam's stock exchange," according to the Ministry of Public Security. The company suffered losses of VND465 billion ($19.85 million) in the first quarter, its biggest in the last two years. … [Read more...] about FLC Group names new chairman

Vice Chairwoman of the HCMC People’s Committee Phan Thi Thang visits a display booth of Nghe An Province's local products. (Photo: SGGP) Attending the event was Deputy Minister of Culture, Sports and Tourism Doan Van Viet, head of Vietnam National Administration of Tourism (VNAT) Nguyen Trung Khanh, Chairman of the People’s Committee of Nghe An Province Nguyen Duc Trung, Vice Chairwoman of the HCMC People’s Committee Phan Thi Thang and Deputy Chairman of the People’s Committee of Hanoi Nguyen Manh Quyen, leaders of provinces and travel businesses. The event aims to promote potential and the value of natural resources for tourism of localities as well as exploit trans-provincial and trans-regional tourism products, affirming the country's position on the world tourist map. The forum is the city’s 6th tourism development cooperation program promoting the linkage in tourism between HCMC and eight cities, provinces in the Northwest region , 13 Southern provinces and cities , … [Read more...] about HCMC, north central provinces boost linkage for tourism development

It made landfall along the coast of Maoming City in China's Guangdong Province at around 3 p.m. Saturday, Chinese newspapers reported. At 4 p.m. it lay centered around 320 kilometers to the east of Quang Ninh Province, home to Ha Long Bay, with a maximum wind speed of 117 kph, according to the National Center for Hydro-Meteorological Forecasting. It will move northwest at a speed of 10-15 kph and is expected to weak into a tropical depression by Sunday morning with winds decreasing to 61 kph. Vietnam’s northeastern region should expect rains of 40-80 mm, and more than 100 mm in some places, between Saturday evening and Sunday. A day earlier weather experts had expected the region to be hit by torrential downpours of up to 150-350 mm a day. Rainfall of 180 mm a day is considered heavy. Chaba is the first storm to appear over the East Sea this year. June-October is normally the rain and storm season in Vietnam. Some 10-12 storms are expected to enter Vietnamese waters this … [Read more...] about Storm Chaba poses no more danger to Vietnam’s northeast as it makes landfall

Speakers in the workshop in Quy Nhon city (Photo courtesy of the organiser) Binh Dinh (VNA) – A workshop recently took place in Quy Nhon city, central Binh Dinh province, to discuss the improvement of awareness in plastic waste collection and recycling to promote the circular economy in Vietnam. The event was held by PepsiCo Vietnam , the Centre of Education and Development (CED), and the Vietnam Chamber of Industry and Commerce (VCCI) - Da Nang branch. It was part of the “Increase awareness in plastic waste management” project funded by PepsiCo Foundation through Give2Asia and implemented by CED in collaboration with partners in Vietnam from January 2020 to December 2022. One of this project’s objectives is to raise awareness of small and medium enterprises (SMEs) in Vietnam through plastic waste collection and treatment management in order to apply a circular economy model for sustainable business development. The workshop saw the participation of 70 delegates … [Read more...] about Workshop discusses plastic waste collection, recycling

The Lien Chieu deep-water port project, on a planned area of about 450 hectares, will be the largest container port in the central region upon completion and be capable of berthing container vessels of up to 8,000 TEUs. The project consists of 2 components, with an implementation period from 2021 to 2025. Da Nang is now calling for investment in the project and offering incentives. “Port infrastructure investment is among the categories subject to incentives. Projects with investment of over 30 trillion VND will enjoy special investment incentives. We are developing a bidding plan and attempting to get construction underway this year,” said Le Thanh Hung, Director of the Management Board for Da Nang’s Priority Infrastructure Investment Projects. Considered a highlight of Da Nang’s investment attraction efforts, its Hi-Tech Park has been attracting a host of projects, in particular foreign investment focusing on information technology and high-tech industry. Luong Van Quang, … [Read more...] about Da Nang offering preferential policies to attract investors

The event was attended by Director of the General Department of Political Affairs General Luong Cuong, Chief of the General Staff and Deputy Defense Minister Senior Lieutenant General Nguyen Tan Cuong, among others. Reportedly, under the leadership of the Central Military Commission and the Ministry of National Defense (MND), the whole-military has maintained combat readiness, managed the sky, the sea and the land, and promptly dealt with emerging situations. The military has collaborated with the public security force, sent troops and vehicles to help flood-affected people in Northern and North Central Coast provinces. On the other hands, the training work has been directed closely, with the focus on examining training quality of the first period, training teams participating to the International Army Games in 2022, and new recruits. The MND has well prepared for military schools’ entrance exam in 2022, directed military-defense tasks at all levels. The agency held ceremonies to … [Read more...] about MND reviews task performance in June

The event was jointly hosted by the Association of Vietnamese Studies (AVS) in the RoK and the Busan University of Foreign Studies. In his opening speech, Chairman of AVS Prof. Bae Yang-soo spotlighted the strong development of the RoK-Vietnam cooperative relations across fields over the last 30 years. He stressed the need to enhance academic exchanges between scholars and researchers, especially those working on Vietnamese studies, of the two countries in the coming time. Vietnamese Ambassador to the RoK Nguyen Vu Tung highlighted the significance of the workshop for the development of the Vietnam-RoK relations. As many as 12 reports were presented at the workshop, focusing on changes in Korean studies in Vietnam; Korean language training in Vietnam, and the Korean Wave (Hallyu). According to Dr. Nguyen Thi Tham from the Vietnam Academy of Social Sciences, before 2009, Korean studies in Vietnam focused on economic, political, diplomatic and security studies. However, after … [Read more...] about Workshop spotlights Vietnam-RoK diplomatic ties