On September 21 in New York, the US, Vietnamese Prime Minister Pham Minh Chinh met with top executives from global giants, including Apple. At the meeting, Nick Ammann, Apple vice president of global policy, said, "Vietnam is a very important market and production area for Apple. There is a lot of potential for cooperation given the outstanding growth in production scale and export value of Apple products in Vietnam during this challenging period. This affirms the group's trust in the Vietnamese market." "Apple is very interested in Vietnam's clean energy strategy and wants its suppliers in Vietnam to gain access to clean energy. At the same time, Apple wants to engage in HR development and training, especially for software development," he said. Apple's suppliers, such as Lux Share, Foxconn, Compal, and GoerTek, operate 32 factories in Vietnam. These factories create jobs for 160,000 workers producing and assembling components for Apple products. PM Chinh … [Read more...] about Apple deems Vietnam an important market and production hub
Apple retailers near me
VN-Index loses the threshold of 1,200 points
A worker collecting latex at a plantation of Vietnam Rubber Group. The company's shares lost nearly 6 per cent on Friday, adding pressure to the market's downtrend. —VNA/VNS Photo Vũ Sinh The market ended the week on a negative note, weighed by strong profit-taking pressure, with the VN-Index breaking below the 1,200 point-level. The benchmark VN-Index on the Hồ Chí Minh Stock Exchange (HoSE) dipped 19.69 points, or 1.62 per cent, to 1,193.05 points. This is the biggest daily loss since March 20. The index plunged nearly 13.4 points on Wednesday after recovering over 14.6 points in the previous session. On the southern bourse, up to 292 stocks went down, while only 48 ticked up. Meanwhile, liquidity soared to more than VNĐ32 trillion, of which the trading value increased more than 40.3 per cent from the previous session to VNĐ32.3 trillion (US$1.32 billion). This was equal to a trading volume of nearly 1.4 billion shares. The VN30-Index, which tracks the 30 biggest stocks on … [Read more...] about VN-Index loses the threshold of 1,200 points
6 Vietnam companies with exemplary technology environments in 2023
This is the first year the CTO Summit Technology Leadership Conference has been organized at the annual AI event to honor enterprises with a technology-rich working environment. WD, Heineken, VNPT, FPT's representatives receive the award as the best technology environment enterprises at Vietnam Artificial Intelligence Day 2023 on September 22, 2023. Photo by VnExpress/Quynh Tran Launched in mid-July, the award received more than 50 nominations and 17 were shortlisted for the next round. FPT FPT is one of the pioneering enterprises in technology and digital transformation in Vietnam. The company has representative offices in 29 countries and territories. The group has invested trillions of dong to create comfortable office complexes and offices with utility ecosystems to meet employees' demand for working, entertainment, studying, and accommodation. One of FPT's unique cultures is the core staff training program, which helps young talents enhance their skills … [Read more...] about 6 Vietnam companies with exemplary technology environments in 2023
Vietnam’s Top 10 digital technology companies named for 2023
Outstanding digital technology companies honoured (Photo: VNA) Hanoi – Vietnam’s Top 10 digital technology companies in 2023 were announced at a ceremony in Hanoi on September 22. Among them are Viettel Solutions, OneMount Group, VNPT, Mobifone, Rang Dong and FPT. Launched 2 months ago, the organising board selected 104 nominations in various fields to honour the top 10 digital technology enterprises in Vietnam. According to statistics, the total revenue in 2022 of these 104 businesses reached 164 trillion VND (6.7 billion USD), accounting for 43.75 per cent of the total revenue of Vietnam's software and information services sector. Speaking at the event, Deputy Minister of Information and Communications Phan Tam said that digital technology enterprises are the nucleus of the country's industrialisation and digital transformation of all industries. He said that the honoured companies' strategies to conquer the market are valuable lessons, opening the way for many others … [Read more...] about Vietnam’s Top 10 digital technology companies named for 2023
Fusion Hotel Group launches business hotel brand
The 172-room hotel – HIIVE by Fusion Binh Duong – is located in Vietnam-Singapore Industrial Park 1 in Thuan An of Binh Duong province. Created for business travellers around industrial and logistic hubs, the hotel is near AEON Mall, Song Be Golf Resort, and just an hour from Ho Chi Minh City’s international airport. The opening of HIIVE by Fusion Binh Duong will mark the new brand’s Southeast Asia debut With interiors and facilities to support both work and leisure travel, the HIIVE hotel features spacious rooms for longer stays, flexible meeting rooms, coworking spaces, an all-day dining restaurant, a sports bar, a golf simulator, a 24-hour fitness centre, and guest laundry facilities on every floor. “There has been a steady increase in foreign investment and business travel into Vietnam, with Binh Duong quickly emerging as a main manufacturing hub located just outside Ho Chi Minh City,” said Christopher Hur, president of Lodgis Hospitality, the parent company of … [Read more...] about Fusion Hotel Group launches business hotel brand
Industrial parks in Haiphong to receive $1.3 billion in investment
Industrial parks in Haiphong to receive $1.3 billion This capital is divided into 14 projects, mainly invested by companies from South Korea, Japan and Singapore. The first one is the Ecovance high-tech biodegradable materials factory project of SK Group (South Korea) with the total registered capital of $500 million. The project will produce biodegradable materials, covering an area of 32,000 square metres at Dinh Vu Industrial Park. The expansion of SK is the result of the signing of a comprehensive business agreement on “eco-friendly, high-tech material” between SKC – a subsidiary of SK Corporation and Haiphong People’s Committee in June in Seoul. Based on this agreement, SKC plans to incrementally review investments in eco-friendly materials and future advanced materials businesses in the port city. The HEZA will also award an investment registration certificate for the expansion of the office machinery and equipment manufacturing project, which is invested by Kyocera … [Read more...] about Industrial parks in Haiphong to receive $1.3 billion in investment
Vietnam’s coffee exports to slow down in Q3
Illustrative photo (Photo: VNA) Hanoi (VNA) – Vietnam’s coffee exports in the third quarter of this year will slow down because supply is no longer abundant, according to the Agency of Foreign Trade under the Ministry of Industry and Trade. However, the exports will benefit from prices because the world's consumer tastes tend to shift to Robusta coffee. In the 11 months of the 2022 - 2023 crop year from October 2022 to August 2023, Vietnam exported more than 1.6 million tonnes of coffee, a decrease of 2% compared to the same period of the previous crop year. The output in this crop is forecast to be only about 1.5 - 1.6 million tonnes, down 10 - 15% compared to the 2021-2022 crop. There is not much coffee for export now. The supply is expected to improve from November until the new harvest season 2023-2024. However, low inventories pushed export coffee prices in August to a new record of 3,054 USD per tonne, up 8% over the previous month and up 30% compared to the same … [Read more...] about Vietnam’s coffee exports to slow down in Q3
Singapore cracks down money laundering case worth over 1.76 billion USD
Vehicles that Singaporean police seize in raids against a suspected international money laundering ring last month. (Photo: SDF) Hanoi (VNA) – Singaporean media on September 20 reported local police have seized or frozen more than 1.76 billion USD worth of assets in one of the biggest money laundering cases ever uncovered in the city-state. In sweeping raids against a suspected international money laundering ring last month, Singaporean authorities seized assets worth nearly 750 million USD including bank accounts, cash, real estate, vehicles, and luxury goods. Police also arrested 10 foreign nationals who are members of a group suspected to be laundering proceeds from overseas criminal activity including scams and online gambling. Police on September 20 confirmed that they conducted additional operations and seized additional assets, bringing the total amount involved to more than 2.4 billion Singapore an dollars (1.76 billion USD). The seized assets now includes … [Read more...] about Singapore cracks down money laundering case worth over 1.76 billion USD
Vietnam attends 59th meeting of Governing Board of ASOSAI in RoK
Delegates at the event (Photo: VNA) Seoul (VNA) – A delegation from the State Audit Office of Vietnam (SAV), led by Deputy Auditor General Nguyen Tuan Anh, attended the 59th meeting of the Governing Board of the Asian Organisation of Supreme Audit Institutions (ASOSAI) in Busan city, the Republic of Korea (RoK) from September 19-22. The event was co-chaired by the State Audit Office (SAO) of Thailand as the Chair of ASOSAI and the National Audit Office of China as the Secretary General of ASOSAI. The SAV attended the event in its capacity as a member of the ASOSAI Governing Board for the 2021-2024 tenure. In his opening speech, President of SAO Thailand Chanathap Indamra affirmed that the meeting will serve as a common platform for ASOSAI members to reach a consensus on the most critical issues of the ASOSAI community. Jaehae Choe, President of the Board of Audit and Inspection (BAI) of the RoK, stressed that it has been the first in-person meeting since the end of … [Read more...] about Vietnam attends 59th meeting of Governing Board of ASOSAI in RoK
PM receives leaders of US enterprises in New York
At the reception for Boeing leaders (Photo: VNA) Hanoi (VNA) – Prime Minister Pham Minh Chinh hosted separate receptions in New York on September 21 for leaders of several US corporations as part of his trip to attend the high-level week of the UN General Assembly’s 78th session . During separate meetings with representatives from Apple Inc., Boeing Company, Google, Siemens Healthineers, the PM reiterated his commitment to create favourable conditions for US enterprises to operate effective business in Vietnam. Chinh suggested that Apple continue to expand investment in Vietnam, increase the local content and work as a bridge for US firms and Apple's partners to invest ịn Vietnam. He hoped that Apple will turn Vietnam into an important link in its supply and production chain. Meanwhile, he asked Boeing to expand its manufacturing and supply chain in Vietnam and early build its maintenance facility in the country while supporting Vietnamese partners in … [Read more...] about PM receives leaders of US enterprises in New York