Social News 18/11

Stop preventable deaths: UNICEF UNICEF has launched a campaign called ZEROworkplace that involves companies in its efforts to eradicate preventable child deaths in Viet Nam. ZEROworkplace enables managers to provide critical information to employees in an inexpensive and effective way that can have a lifesaving impact on their children. "In Viet Nam, 100 children die every day from preventable causes," Youssouf Abdel-Jelil, UNICEF's representative in Viet Nam, said at the launch ceremony in HCM City on Monday. … [Read more...]

Art & Entertainment News 9/10

Thuy Linh shines at Miss International The strikingly beautiful Vietnamese model Cao Thuy Linh was chosen Best National Costume at the 2014 Miss Grand International (MGI) beauty pageant on October 7. Eighty-five international contestants coming from different countries and territories around the globe participated in the gala affair held in Bangkok, Thailand. Daryanne Lees from Cuba was sashed winner of the MGI 2014. The two runner-up title went to Hiwot Mamo from Ethiopia and Kathryn Kohut from Canada. … [Read more...]

Airbus selects Vietnam-based firm to make Sharklet plates for A320s

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French aircraft manufacturer Airbus announced Wednesday the first package of airplane parts to be made in Vietnam by its newly selected part maker, Hanoi-based Nikkiso Vietnam. Nikkiso Vietnam, a 100 percent Japanese-invested manufacturing company located at the Thang Long Industrial Park II in the Vietnamese capital city, will produce composite vertical bars and the armor plates of Sharklet wingtip devices for A320 aircraft. The production will be done under a subcontracting deal with the Korean Air Aerospace Division, the main supplier of Sharklet devices for Airbus. Sharklets help save fuel and are available on A320s, according to Jean-Francois Laval, Airbus Executive Vice President for Asia. With 4,280 A320 planes waiting to be delivered to customers worldwide, the part manufacturing package will ensure steady work for Nikkiso Vietnam, Laval said at a press conference in Hanoi yesterday. Vietnam was chosen as Airbus's part-making destination thanks to its fast … [Read more...]

Social News Headlines 17/4

A fire at the Go Cat Garbage Ground caused a large traffic jam on National Highway No 1A in Binh Tan District in HCM City on Monday evening.

A foreigner killed in rear-end collision in Tien Giang At least four passengers, including a foreigner, were killed and nearly 10 others injured in a head-on crash in the southern province of Tien Giang on April 16. A 29-seat coach crashed into a water tank truck at section 44km+800 of the HCM City-Trung Luong expressway in Tien Giang province at 09.30am. The coach, with several foreigners on board, was travelling from Tien Giang to Ho Chi Minh City when the accident happened, witnesses said. Three passengers died at the scene and another passed away on the way to hospital. Among the deaths were a male foreigner and a child aged between 10 and 12. A tow truck was dispatched to separate the damaged coach from the water tank truck. It took rescue workers half an hour to extricate victims who were trapped in the wreckage. Investigations into the cause of the accident are underway. Blaze ravages HCM City garbage ground The fire broke out at 7.30 pm and spread over an … [Read more...]

Social News Headlines 12/3

Nearly 1000 bottles of cheap perfumes in bottles bearing famous trademarks were detected yesterday by the HCM City customs authority.

Five persons are critical after mushroom poisoning Five persons from Thai Nguyen Province are being treated at Bach Mai General Hospital for mushroom poisoning and are in critical condition, the hospital said yesterday. According to Pham Due, director of the Poison Control Center of Bach Mai, the patients, all belonging to one family, have suffered serious damage to their liver and digestive systems and have shown symptoms of vomiting, nausea and a drop in the blood pressure. The family reportedly collected one kilogramme of mushrooms from the forest. It was unclear what kind of mushroom it was, but it apparently had a sweet taste. Nguyen Thanh Phong, deputy head of the Vietnam Food Administration, warned that residents should be extremely careful in picking mushrooms, especially in spring, and should not eat them unless they can check the mushroom's origin and type. Dog fighting rings sprout up in Vietnam Several Vietnamese have recently become interested in raising … [Read more...]

Panasonic opens its new washing machine

HUNG YEN (VNS)— Panasonic Appliances Viet Nam Co, Ltd opened a washing machine factory in Thang Long Industrial Park II, Yen My District, Hung Yen Province yesterday. The US$32 million factory, fully funded by Panasonic Corporation, is the first in Viet Nam that integrates Research and Development (R&D) with manufacturing. The factory will manufacture around 300,000 sets of washing machines in 2013. Its manufacturing capacity will double to 600,000 sets of washing machines yearly and attract around 300 local employees by 2014. The new factory will focus on the development of high-performance washing machines that incorporate Panasonic's advanced eco-friendly and smart technologies, reflecting its commitment to environmental sustainability.-VNS … [Read more...]

9-day Tet holiday approved: workers happy, businesses worried

In general, most employees say they feel happy with the longer holiday.

In response to the Prime Minister's approval of a longer Tet (lunar New Year) holiday proposed by the Transport Ministry, most workers are happy, while many businesses in Ho Chi Minh City say the extended holidays will considerably affect their operations. At the regular monthly cabinet meeting held on Monday in Hanoi, Prime Minister Nguyen Tan Dung agreed to extend the the upcoming Tet holiday to 9 days from 7 days, based on the proposal submitted by Transport Minister Dinh La Thang. Accordingly, people will have nine days off from January 28 to February 5, 2014, which means two more days off before Tet,'s Eve which falls on January 31, 2014. The minister said the proposal is aimed at reducing the shortage of bus, train, and flight tickets as well as cutting down on traffic jams and accidents in big cities such as Hanoi and Ho Chi Minh City during Tet. Thang added that people would have more time to plan on spending for Tet and this would prevent a sharp rise in food and good … [Read more...]

BUSINESS IN BRIEF 16/9

Uncontrollable prices on baby formula challenge authorities Improper management policies have created huge rip-off possibilities in the market place for imported baby formula, which is putting more burden on local parents. According to the statistic from the General Department of Vietnam Customs, the import price is only USD4-5 but the retail price is as high as USD20-43. "Consumers have always had to bear the sky-high advertising costs." Mai Thanh Tong, Vice President of the Accounting Association in HCM City, said. Advertising costs of imported baby formula ranks second, just behind cosmetic products. On top of this there's the commission fee for experts, who are paid to recommend the use of certain milk powders. According to the current laws, enterprises are only allowed to spend 10% of their revenues on advertising, but in reality, the percent might reach as high as 40%. The advertising helps firms imprint their brand names on consumers' minds. A consumer said, "There's only … [Read more...]

BUSINESS IN BRIEF 12/8

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Amata calls for hi-tech incentives Thai property developer Amata Corporation is asking for special incentives from the Vietnamese government for its proposed $2 billion hi-tech park and urban township in the northern province of Quang Ninh. A source at Quang Ninh Provincial Investment Promotion Agency said Amata and its Vietnamese partner, Tuan Chau Au Lac Limited, are looking to the prime minister for approval of the incentives. However, he declined to give further details as they were still in discussions, adding that the incentives would make the mega-project more feasible, and the investors were ready to start the project in October once the prime minister approved the proposal. "At present the incentive proposal is still in the early stages of consideration," he said. Last month, Quang Ninh Provincial People's Committee allowed Amata to conduct a feasibility study of the proposed 1,000 hectare site in Quang Yen district. According to Amata's proposal, the hi-tech park and … [Read more...]

Thang Long Industrial Park II -Important Highlighted Location to Attract Investors to Hung Yen

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Thang Long Industrial Park II is invested by Thang Long Industrial Park II Corporation (TLIPII), a subsidiary of Sumitomo Corporation, a capable and experienced enterprise which invested and developed many industrial park infrastructure projects worldwide. Thang Long Industrial Park II is highly appreciated by the Hung Yen province Communist Party Committee, People's Committee leaders as well as the concerned authorities for its effort to complete fully infrastructure, provide services, and investment in modern water supply and sewage treatment systems. Thang Long Industrial Park II is regarded as a model industrial park, an important highlight in the domestic and overseas investment attracting strategy of Hung Yen Province, especially attracting Japanese investors. Thang Long Industrial Park II in the whole scale of 345,6 ha and total cost of VND1,900 billion is invested into 2 phases: Phase 1 (220 ha) was completed and leased out 94 percent. With the target of creation a modern and … [Read more...]

BUSINESS IN BRIEF 19/4

Japan to fortify supporting industries Japan will provide concessional loans for Vietnamese supporting industry firms in a bid to strengthen its industrial investments in Vietnam. The Japan International Cooperation Agency (JICA) and the State Bank last week introduced a credit programme for Vietnamese small- and medium sized enterprises (SMEs) operating in supporting industries. Under the plan, an SME, which in Vietnam is defined to have total maximum assets of VND20 billion ($961,358) and employees of no more than 300, would be granted consessional loans worth $1.2 million for each supporting industry project, within ten years and with a grace period of maximum two years. Credit will be provided by 23 local banks. The programme would be expanded to turn local SMEs into big ones and might become large and powerful international suppliers in the future, said Kyoshiro Ichikawa, a Vietnam-Japan Joint Initiative Working Team 4-1 leader. "Finance remains the biggest challenge for local … [Read more...]

Panasonic to built 4-billion yen factory in Vietnam

(VOV) -Panasonic Appliances (PAPVN) will build a new factory in southern Binh Duong province to produce electrical wires and circuit breakers with a total capitalization of around 4 billion yen. Panasonic washing machine factory operational in Vietnam Panasonic considers Vietnam a strategic market The factory is expected to begin in April 2014. The Japanese electronics maker plans to produce 27 million electric wires and 12 million circuit breakers and double its capacity by 2018. Circuit breakers will also be sold to Thailand and Japan, Panasonic said. In late March, PAPVN inaugurated its washing machine factory in Thang Long II Industrial Park in the northern province of Hung Yen. In the field of digital electronics, Panasonic stopped producing bluray and DVD disks in Vietnam in February due to a decline in sales. … [Read more...]

Panasonic washing machine factory starts operation

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The Hanoitimes - Panasonic Appliances (PAPVN) washing machine factory just begins its operation in Thang Long II Industrial Park in the northern province of Hung Yen . With an estimated investment of US$32 million wholly funded by the Japanese corporation, the latest factory was built o­n an area of 52,000 square meters, with a total capacity of producing 600,000 washing machines per year. The factory is expected to supply 50% of its product to the domestic market, with the remainder to be exported to other Southeast Asian markets. The factory is generating 300 jobs for local workers from now until 2014. This is PAPVN's second factory in Viet Nam after they established a fridge factory in Ha Noi's ThangLongIndustrial Park in 2003, with a capacity of producing 800,000 units per year. By Huyen Trang … [Read more...]

BUSINESS IN BRIEF 29/3

HCM City to reclaim coastal land Experts from the Netherlands have helped HCM City develop a plan to reclaim land from the sea to provide additional room for urban and economic development. On March 21, HCM City Department of Natural Resource and Environment announced their strategy to develop the city and harbour towards the sea. Since 2011, consultancy firm Grontmij and the municipality of Rotterdam have assisted the Vietnam Climate Adaptation Partnership (VCAPS) to develop the strategy. The strategy pointed out six development orientations including redesigning the sewer system and reservoirs, reducing land subsidence by creating more choices in the use of underground water, and establishing a green city project. The report suggested that urban planning to 2025 should develop toward the northwest and northeast instead of northwest and south. Currently, the southern areas are affected by unstable, low-lying areas subject to tidal flooding and are unsuitable for large-scale … [Read more...]

BUSINESS IN BRIEF 24/3

Japanese firms keen on support industry Many Japanese investors have focused on industrial assembly projects in Hanoi, according to the municipal Department for Industry and Trade. Currently, Hanoi has more than one quarter of its businesses in the support industry. However, businesses from both countries are facing same snags in their joint ventures due to different levels of technical knowledge, management skill, and workmanship. The Department will send a business delegation to Tokyo to seek assistance and cooperation from the Japan External Trade Organisation (JETRO) in holding annual trade fairs on support industry in Hanoi. It is working closely with the Vietnam-Japan Human Resources Cooperation Centre (VJCC) to organise training courses and seminars for managers from both countries in the hope that they will help local businesses grow and flourish in the support industry. Doosan Vina produces US$50 million boiler for India The RoK-invested Doosan Heavy Industries Vietnam … [Read more...]

Panasonic Inaugurates New Washing Machine Factory in Vietnam

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Panasonic Appliances Vietnam Co., Ltd (PAPVN) on 20th March inaugurated its new washing machine factory in Thang Long Industrial Park II, Yen My district, Hung Yen province. The US$32 million factory, fully invested by Panasonic Corporation, is the first in Vietnam that integrates Research and Development (R&D) function with its manufacturing business. The new factory will focus on the development of high performance washing machines which incorporates Panasonic's advanced eco and smart technologies reflecting its commitment to environmental sustainability. The factory aims to achieve 50 percent of production for the local market and 50 percent for export to other ASEAN countries. Construction of the facility commenced in March 2012. The factory targets to reach manufacturing capacity of 600,000 sets of washing machines per annum and provide employment to around 300 locals by 2014. TKD … [Read more...]

Panasonic washing machine factory operational in Vietnam

(VOV) - Panasonic Appliances (PAPVN) has officially inaugurated its washing machine factory in Thang Long II Industrial Park in the northern province of Hung Yen. Panasonic considers Vietnam a strategic market This is PAPVN's second factory in Vietnam after they established a fridge factory in Hanoi's Thang Long Industrial Park in 2003, with a capacity of producing 800,000 units per year. With an estimated investment of US$32 million wholly funded by the Japanese corporation, the latest factory was built on an area of 52,000 square metres, with a total capacity of producing 600,000 washing machines per year. Addressing the March 20 inauguration ceremony, PAPVN Director General Mitsuhiko Nakamura said that the factory is expected to supply 50 percent of its product to the domestic market, with the remainder to be exported to other Southeast Asian markets. The first batch of PAPVN washing machines will be shipped abroad next month, he added. The factory is generating 300 jobs for local … [Read more...]

Sumitomo Increases Investment in Vietnam

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On March 1, 2013 at the VCCI head office, President Vu Tien Loc of the Vietnam Chamber of Commerce and Industry (VCCI) hosted a meeting with Mr Nakamura, President of Sumitomo Corporation of Japan, during his visit to Vietnam for the commemoration of the 40th anniversary of Vietnam - Japan relations. Mr Nakamura said Sumitomo highly values Vietnam as it is the most important and attractive market for Japanese businesses. Many Japanese companies place strong expectations in Vietnam’s economic development. He said Sumitomo gets involved in many projects in Vietnam in various areas like infrastructure, communications, electricity, railways, power, coal and oil. He expressed his hope to see its projects be sped up. He added that to attract Japanese investors, Vietnamese authorities should reduce administrative procedures and speed up contract negotiations of major projects to reach early consensus with relevant ministries and agencies. He hoped Vietnam will soon resolve this issue … [Read more...]