An unbelievable story: A telecommunication business developing high-tech defense industry When Viettel started building its airborne warning system, military units of Vietnam were capable of upgrading old-generation radars only. In the world, only eight countries with strong defense industry sectors were able to build the system from scratch then. Overcoming numerous challenges, Viettel successfully manufactured its first complete radar, which was accepted by the Ministry of National Defense and put into mass production in 2014. Subsequently, the company achieved several significant milestones, such as exporting its radar products labeled "Made by Viettel" in 2017 and producing maritime warning radars that meet the standards of advanced countries in 2018. The radar system was one of many high-tech defense products made by Viettel at the time. Over the last 13 years, the company has researched and produced numerous military and civilian technological "Made in Vietnam" products. … [Read more...] about Viettel – A high-tech defense industrial center of Vietnam
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Hanoi promotes high-quality organic farming models
It is evident that organic production methods yield better economic returns and enhance the quality, competitiveness, and value of agricultural products. Hanoi has successfully implemented several organic farming models that align with modern agricultural development trends and have brought significant economic benefits to farmers. Organic rice cultivation model in Thanh Van Commune, Thanh Oai District, Hanoi. Photos: Anh Ngoc/The Hanoi Times In 2022, the Hanoi Agricultural Extension Center launched an organic rice production model on 20 hectares of land in Thanh Van Commune and Kim Bai Town, Thanh Oai District, according to which the production process involves the use of organic fertilizers and biological products instead of chemical fertilizers and pesticides in the rice area. A yield of 5,730 kg per hectare using organic production has been achieved with this approach. This model is expected to be replicated in other communities in the district this … [Read more...] about Hanoi promotes high-quality organic farming models
Defense Minister Phan Van Giang holds talks with RoK counterpart
On March 28, an official welcoming ceremony was held for the Vietnamese Defense Minister and the delegation with 19 series of cannon shots at the RoK Defense Ministry’s headquarters. After the reception, the two defense ministers held talks. The RoK defense minister warmly welcomed his Vietnamese counterpart and military delegation, while highly appreciating the sound relations between the two countries over the past time, especially the increasingly intensive and effective defense relations. Gen. Giang thanked the host for his warm reception, expressing his pleasure to pay an official visit to the RoK as the two countries have just upgraded their relations to a comprehensive strategic partnership. He hoped that the visit would help concretize the two countries' partnership in defense, actively contributing to the bilateral relationship. At the talks, the two ministers discussed regional issues of mutual concern. Gen. Giang noted that peace, cooperation and development are still … [Read more...] about Defense Minister Phan Van Giang holds talks with RoK counterpart
Investors turn caution after GDP data, liquidity falls sharply
A customer chooses Masan's products at a supermarket. The company's shares jumped 1.55 per cent on Wednesday, supporting the rally trend. — Photo courtesy of Masan Stock markets were mixed on Wednesday with the VN-Index extending its rallies, but gains were capped as investors were more cautious after GSO had revealed data showing that the economy grew modestly in the first quarter. The market's benchmark VN-Index on the Ho Chi Minh Stock Exchange (HoSE) rose 2.04 points, or 0.19 per cent, to close Wednesday at 1,056.33 points. The index inched higher, despite the fact that there were more stocks performing poorly, thanks to gains of large-cap stocks, and marked its seven days of the rally. On the southern bourse, 128 stocks increased while 176 ticker symbols went down. Liquidity fell sharply compared to Tuesday's trading day, of which the trading value of HoSE dropped by nearly 26 per cent over the previous session to more than VND8.3 trillion (US$353.4 million). The … [Read more...] about Investors turn caution after GDP data, liquidity falls sharply
Ho Chi Minh City to host international paper, coatings, rubber, and plastic expos
The expos are expected to attract 230 companies, 50% higher than that of last year’s shows, said Nguyen Ba Vinh, Director of Minh Vi Exhibition and Advertisement Services Co., Ltd., the expos’ organizer. They are from 20 countries and territories, and India continues to be the country of honor at the expos, with many Indian companies taking part, he said. Speaking at a press briefing on March 28 to introduce the four expos, Luu Hoang Ngoc, Deputy General Director of Vietnam Chemicals Agency under the Ministry of Industry and Trade, said paint, paper, rubber and plastic industries played an important role in supporting the development of many other industries. Rapid development of a rich and diverse range of products in recent years also raised concerns about their harmful effects on the environment and human health. This required authorities, organizations and businesses to join hands to find solutions for this issue, he said. "Green economy, circular economy and sustainable … [Read more...] about Ho Chi Minh City to host international paper, coatings, rubber, and plastic expos
Positive real estate signs march ahead
The market in new urban areas is set to become more active Photo: Le Toan March has seen a flurry of activity in welcoming quality real estate products in Vietnam. Singaporean group CapitaLand Development, saw all of [email protected] West Lake booked up after being introduced to the market on March 19. The Elysian project developed by Gamuda Land is also reportedly being well observed by buyers due to the prestige of the developer, the good location, and high quality of the project. Domestic groups are also joining the rush. Nam Long Investment JSC said that the business is implementing a series of plans in 2023, in which priority is being given to ventures in large urban areas such as Waterpoint, Mizuki Park, Nam Long Can Tho, Nam Long Dai Phuoc, Akari City, and Izumi City. Meanwhile, Hung Thinh Land introduced the 9X An Suong project in the northwest of Ho Chi Minh City. In the southern province of Binh Duong, Phu Dong Group is about to open for sale an apartment project … [Read more...] about Positive real estate signs march ahead
Bringing the standards and quality of Japanese retail brands to Vietnam
This year, difficulties from within the economy will continue to affect the retail industry and demand is expected to continue to decline. How does AEON Vietnam think 2023 will shape up in general? Furusawa Yasuyuki, general director of AEON Vietnam Although there are many difficulties, I think the economic growth rate in 2023 will remain at a stable level, reaching the growth target set by the Vietnamese government. However, recently, rising raw material prices have significantly affected the lives of consumers. This will also be one of the factors affecting consumption trends in 2023. Besides that, due to the influence of inflation in Europe and the US, the number of export orders from Vietnam decreased sharply. Some businesses are forced to cut labour and reduce working hours, greatly affecting the economy and the lives of workers - as well as the consumers. I think, within in the first half of this year, there will still be many difficulties and those may take … [Read more...] about Bringing the standards and quality of Japanese retail brands to Vietnam