Vingroup

A 10-year-planted Ngoc Linh ginseng is introduced at a Ginseng Fair in Nam Tra My district in Quang Nam province (Photo: VNA) Quang Nam (VNA) - VinGroup and TH True Milk have registered to invest 1.2 trillion VND (53 million USD) in ginseng and herbs farm projects in mountainous Nam Tra My district of Quang Nam province. Chairman of the district People’s Committee Ho Quang Buu said that it’s the two biggest investment projects since the district launched its master plan on the development of the Ngọc Linh ginseng, cinnamon and herbs in 2014. Buu said the two investors have begun surveying mass production from Ngoc Linh ginseng and planning for material farms and support industries for herb production. He said the district wants investment to develop 15,000ha of ginseng in the district by 2030. According to Quang Nam province, the Government agreed to fund 2 trillion VND (88.5 million USD) for infrastructure projects in the district. Currently, 900 households farm … [Read more...] about Local firms inject 53mln USD into ginseng projects

Sales of Vsmart products doubled thanks to strong discounts All VinSmart products are on a discount at the systems of CellphoneS, FPT Shop, and Hoang Ha Mobile. The most expensive Vsmart device, the Aris Pro is being sold at an average VND5.6 million ($234.50), VND1 million ($43.50) cheaper than last month and VND3 million ($130.43) cheaper than its initial price. Meanwhile, the Joy 3, Joy 4, Live 4, and Active 3 are discounted by VND1-1.5 million ($43.50-65.22) compared to their original prices. In general, the price of Vsmart’s 15 devices was reduced by around 30 per cent compared to their initial price. “The discount programme is attractive and draws in people who want to experience the 'Made-in-Vietnam' smartphones. The sales of VinSmart devices has doubled since the discount programme. We forecast that our entire stock of Vsmart mobile phones will be sold in the next two or three months,” Lac Huy, a representative of the CellphoneS chain said. In May, Vingroup unveiled … [Read more...] about Sale of Vsmart products doubles thanks to deep discount programme

First-quarter low growth seeks solutions The nation's economic growth in the first half of the year was at a rate lower than that targeted in the wake of the COVID-19 pandemic hurting production and business activities. The government is mulling over new solutions to drive the economy forwards, with some international forecasts still proving upbeat. Based on economic performance in the first five months of this year, the government has just reported to the National Assembly Standing Committee its fresh forecast that the economy’s total GDP in the first six months of this year will be nearly VND4 quadrillion (US$174.4 billion), up about 5.8% year-on-year, or 0.42 percentage points lower than the target of 6.22% as set out in the Resolution No.01/NQ-CP released on January 1 on the key tasks for the implementation of the socioeconomic development plan and state budget estimates for 2021. The 5.8% rise will also be 0.12 percentage points lower than the government’s … [Read more...] about VIETNAM BUSINESS NEWS JUNE 19

Associate Professor. Dr. Le Trung Thanh, head of the Vietnam Institute for Building Materials under the Ministry of Construction. — Photo baoxaydung.vn Associate Professor Dr. Le Trung Thanh, head of the Vietnam Institute for Building Materials under the Ministry of Construction discusses the development of Viet Nam's eco-friendly construction materials and solutions to help the sector become sustainable in the future. Ten years after the Prime Minister's Decree 567/ QD-TTg on the development of Viet Nam's eco-friendly construction materials until 2020, what has the sector achieved? The sector has made significant progress. Firms have invested in modern technology and machinery to produce a wide variety of products. By the end of 2019, there were over 2,000 adobe brick factories in the country with a total annual output of 12.6 billion units, which accounted for over 30 per cent market share, a largely improved position compared with just eight per cent in 2010. Also, there … [Read more...] about VN to develop eco-friendly construction materials

VinFuture Foundation officially announced the closing of its Call for Nominations for VinFuture Prize early this June. This global sci-tech award attracted nearly 600 applications including scientific achievements, innovations and inventions with significant contribution to the human development from many recognized organizations and individuals across the globe. Dr. Le Mai Lan, Vice Chairwoman of Vingroup and Designated Representative of the VinFuture Foundation introduce the VinFuture in a webinar in April, 2021. — Vingroup photo. There have been favourable responses from representatives of the Harvard University (USA), National Institutes of Health (NIH, USA), Max Planck Society (Germany) and University of Tokyo (Japan), etc. Professor Sir Richard Henry Friend, who holds the Cavendish Professorship of Physics at the University of Cambridge (UK), Chairman of the VinFuture Prize Council said: “I am really impressed by the very constructive response from the nominators. … [Read more...] about ‘Really interesting and exciting nominations’ in inaugural year: VinFuture Prize Council Chair