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Brigade 125 under the Naval Region 2 Command is a military transport unit, tasked with maritime transport in response to missions at sea and on islands, and over the Southern continental shelf, safeguarding national sovereignty over sea and islands, and conducting search and rescue missions, among others. Meanwhile, the brigade also builds the Party and political work plans for regular and unexpected tasks, and ensures logistic and technical work for ships operating at sea. Addressing the inspection, General Cong hailed the unit’s task performance over the past time, as well as its observance of higher levels’ directions and orders on combat readiness work, especially on the occasion of the August Revolution (August 19) and National Day (September 2). In addition, he also requested the brigade to focus on building documents on combat readiness shifting at sea, raising political education quality for its troops, and promptly accomplish all assigned missions in the coming time. … [Read more...] about GS’s delegation inspect combat readiness of naval unit

Indochina Kajima started construction of its first Core5 Hai Phong project in the Deep C 2 Hai Phong Industrial Zone. — Photo courtesy of the company Indochina Kajima, a joint venture between Indochina Capital and Kajima Corporation (Japan), on Friday started construction of its first Core5 Hai Phong project in Deep C 2 Hai Phong Industrial Zone. The project is expected to deliver approximately 96,000sq.m of world-class ready-built factories and warehouses for lease as it comes into operation in the early second quarter of 2023. Speaking at the ground-breaking ceremony, Keisuke Koshijima, Representative Director and Executive Vice President of Kajima Corporation, said: “Hai Phong has made enormous infrastructure investment, becoming a key link in the global logistics chain with Cat Bi International Airport, Lach Huyen International Deepwater Port and direct accessibility to Ha Noi via the Hai Phong Highway, in the process of attracting the presence of many large scale … [Read more...] about Core5 Vietnam starts first industrial project in Hai Phog

A corner of Hanoi (Photo: VNA) Hanoi (VNA) – The capital city of Hanoi ranked third among cities and provinces nationwide in foreign direct investment (FDI) in the first seven months of this year with 979.7 million USD, affirming its attractiveness to foreign investors. According to local authorities, this is the result of the city’s efforts to ensure an open and smooth investment and business environment and administrative procedures. Vice Director of the municipal Department of Planning and Investment Nguyen Ngoc Tu said that since the beginning of this year, the city has applied various measures to speed up socio-economic recovery and development. As a result, it has seen increases in many economic indicators in the January-July period, including budget collection of 213.16 trillion VND (9.11 billion USD), fulfilling 68.4% of its yearly target, and equivalent to 116% of the figure recorded in the same period last year. At the same time, the city’s export revenue … [Read more...] about Hanoi maintains attractiveness towards foreign investors

At the 2022 Emart Partners Day in Ho Chi Minh City last week, which was attended by more than 500 suppliers, THACO chairman Tran Ba Duong said the chain aims to have 20 stores across the country and revenues of $1 billion by 2026 to become the hypermarket chain with the largest market share in Vietnam. Local retail market share battle heats up, illustration photo THACO is one of the largest private groups in Vietnam in the automobile industry with nearly 25 years of experience. In addition to the core business, it also expanded into the retail sector after completing the acquisition of South Korea’s Emart Inc’s business in Vietnam in September last year. “The Emart Go Vap hypermarket soon became a top supermarket in Vietnam in terms of revenues and number of customers, reaching $69.5 million in revenue in 2021. Thus, it is not too ambitious to set the goal of $1 billion for 20 supermarkets,” explained Duong. Before being part of the THACO ecosystem, Emart has … [Read more...] about Local retail market share battle heats up

It is not surprising that many CEOs feel overwhelmed as they face the climate challenge. There is no shortage of headlines highlighting the trillions of US dollars it will take to green the economy. And the opportunities are endless, with possibilities to exponentially grow customer demand for green products. Yet the day-to-day work of turning ambition into reality is undeniably challenging. Consider that 31 per cent of companies missed scope 1 and 2 targets they set for 2020 through the Science Based Targets initiative, despite the fact that these emissions are the most controllable and there are many options available to address them (see figure). Of course, all of this is not happening in a green vacuum. Executives are trying to pursue their decarbonisation targets during a period of turbulence that has created historic levels of uncertainty and numerous difficulties. To translate ambition into delivery, leaders will need to adopt a mindset that we call visionary pragmatism. … [Read more...] about From carbon ambition to delivery

Both sides shared the same view on development objectives and benefits of responding to traditional and non-traditional security challenges amid growing global uncertainties. The potential of Vietnam-Belgium relations in particular, and Vietnam-EU in general, remains enormous, thanks to the solid foundations of existing cooperation in various fields. Vietnam gives priority to its relations with the EU. Photo: AP Head of the Party Central Committee’s Economic Commission Tran Tuan Anh stressed the view at the meetings with European and Belgium leaders during his visit to the country from August 16-19. He stressed the main goal of bolstering the comprehensive Vietnam-EU relations and the strategic partnership between Vietnam and Belgium in the field of agriculture. According to Tuan Anh, both sides shared the same view on development objectives and the benefits of responding to traditional and non-traditional security challenges amid growing global … [Read more...] about Huge potential for cooperation between Vietnam and EU

The move is aimed at ensuring the country's long-term self-sufficiency in oil and oil products. Vietnam National Oil and Gas Group (PVN) is planning to build an oil refinery complex worth up to US$19 billion in the southern province of Ba Ria – Vung Tau. The Nghi Son Oil Refinery plant in Thanh Hoa Province, North Central Coast of Vietnam. File photo In a proposal submitted to the Government, the PVN expected the investment would be conducted in phases, of which around 70% of the capital would be allocated for the first phase. According to the PVN, Vietnam's domestic market is set to face a shortage of 19.5 million tons of petroleum products every year by 2030, and the figure could rise to 49 million tons by 2045. At present, the domestic consumption of petrol products is estimated at 18 million tons per year. PVN forecasts the demand to continue rising to 25 million tons by 2025, and 33 million tons by 2030. However, the combined production capacity of … [Read more...] about PVN plans to build US$19-billion oil refinery-storage complex

Vinamilk brand in top of most valuable global brands According to the annual report of the ‘Food and beverage’ industry of Brand Finance 2022, the Vinamilk brand has been valued at $2.8 billion, an impressive increase of 18 percent compared to 2021, and ranked in many major rankings in brand value. For this year's report, the UK’s Brand Finance has assessed more than 5,000 brands in 29 industries in 39 countries. With an integrated measurement method from many factors and indicators such as brand impact, brand health, and reputation, brand investment, combined with financial and market survey, the annual 'Food and beverage' report published by Brand Finance has helped provide brand health assessments transparently and fairly. In the field of ‘Food and beverage’, this year Vinamilk continues to “set a new record” when increasing its brand value by 18 percent, reaching US$2.8 billion, rising to the position of a potential brand. in the global dairy industry. This is also a … [Read more...] about Vinamilk brand in top of most valuable global brands

Customers buy moon cakes at a store in HCMC. (Photo Courtesy of KIDO Group) The market this year is forecast to be a special year as last year's festival was affected by the Covid-19 pandemic so sellers could not set up booths to sell moon cakes as usual. Food producer KIDO Group this year plans to sell over 300 tons of moon cakes under KIDO’s Bakery brand. The company said that KIDO’s Bakery moon cakes will hit the market from the beginning of this month. The cakes will be sold in both online and offline channels. Online, the cakes will be available on Lazada, Tiki, and Shoppe, and offline at nearly 600,000 KIDO stores and the Chuk Chuk tea and coffee beverage chain in Ho Chi Minh City and Hanoi. To date, the company has received orders from many companies and organizations who buy the cakes as presents for their staff and partners. Mondelez Kinh Do Vietnam announced that to ensure its moon cakes reach consumers easily, safely, and conveniently, this year, the company … [Read more...] about Moon cake brands prepare for upcoming mid-autumn festival

It was part of the announcement made by the Government Office on August 19 about the Prime Minister’s conclusions on his working session with the RoK Embassy and Korean enterprises in Vietnam. The announcement stated that after hearing opinions from the Korean Ambassador to Vietnam, representatives of Korean firms in Vietnam and leaders of ministries, agencies and localities, as well as suggestions by the RoK Embassy and Korean firms in Vietnam, the PM assigned ministries, agencies and localities to promptly deal with difficulties and problems that could be solved immediately under their authority. For complex and unsolved issues, they must promptly outline orientations in the spirit of harmonizing interests and sharing difficulties and submit them to the Ministry of Planning and Investment (MPI) before August 30 to report to the PM. The MPI will collect suggestions to send to ministries, agencies and localities, and at the same time, regularly update and report the settlement of … [Read more...] about PM directs export growth plan to RoK