Pham Thi Minh Phi, who won the Miss Philanthropy title in the Miss Vietnam Business 2022 contest held in Da Nang, was arrested by Lam Dong police on Wednesday to be investigated for obtaining property by fraud. In October 2022, a man in Da Lat of Lam Dong called Phi, requesting her cooperation to raise capital together and do business. Phi, the general director of the Moc Hoa trade and service company, said she was negotiating to buy two land plots, spanning 1.7 ha in total, at VND22 billion. She said she had found a buyer, who was willing to buy the land plots at VND23.6 billion. This would mean profit of VND1.6 billion. Phi said she did not have the VND3 billion needed as a down payment to buy the land plots, so invited the man to raise the money with her. The man agreed to give Phi VND1.8 billion, without seeing the land plots first-hand or checking the legal information of the plots. On November 2, 2022, Phi signed a contract stating that she would borrow VND1.8 billion … [Read more...] about Beauty queen arrested in fake land sale scam
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VinFast eyes Europe expansion amid potential EU tariffs on Chinese EVs
The EV maker plans to deliver approximately 3,000 EVs to France, Germany, and the Netherlands in the fourth quarter of 2023, as the EU contemplates imposing import tariffs on Chinese EV competitors, according to a recent Reuters report. VinFast’s CEO Le Thi Thu Thuy revealed that the company anticipates introducing its VF8 models in France, Germany, and the Netherlands in Q4 this year. "Other models like the VF6, VF7, and VF9 are slated for a 2024 launch," she added. “Thuy did not indicate the number of VF8 sport utility vehicles (SUVs), but a person familiar with the matter said it would be around 3,000 vehicles, including some for Israel,” Reuters wrote. This move marks a significant growth target, with the company aiming to quadruple its European sales volume, a considerable jump from its earlier modest target of 700 EVs. The EU's stringent scrutiny of Chinese EV makers and the anticipated imposition of import tariffs could present a lucrative opening for VinFast. If the … [Read more...] about VinFast eyes Europe expansion amid potential EU tariffs on Chinese EVs
AkzoNobel awarded certificate for paint product
Interpon powder coating is one of AkzoNobel 's key product lines, designed for high coverage, safeguarding buildings, residential projects, and global landmarks. The product was developed to facilitate surplus paint reuse, thereby reducing both costs and carbon emissions to the environment. Exceeding rigorous criteria, adhering to strict evaluation and testing procedures lasting up to 4,000 hours (equivalent to nearly six months), Eurowindow is among the few businesses in Vietnam certified for utilising the Interpon D3020 electrostatic powder paint line, with a warranty period up to 30 years. As a paint and coatings company that emphasises minimising negative environmental impacts during product development, AkzoNobel focuses on collaborating with partners who share the same sustainability criteria and commitments. AkzoNobel highly values the cooperation with Eurowindow, contributing not only to the modernisation of numerous projects in Vietnam, but as two companies share … [Read more...] about AkzoNobel awarded certificate for paint product
Phu Nhuan Jewelry embraces cloud computing strategy
Phu Nhuan Jewelry transforms its business operations with a cloud computing strategy Vietnam-based company, Phu Nhuan Jewelry (PNJ), has been consistent in its commitment to providing the highest quality products and services to customers whilst also being sustainable. To maintain its competitiveness in the market, the company has been implementing its retail strategies to get closer to its customers and provide a more complete, multi-faceted, and seamless shopping journey. Its cloud computing strategy, in particular, has accelerated the company's goals for the past two years. Before implementing the cloud computing strategy, PNJ had difficulty meeting the actual needs of the company's retail operations, especially during the peak season. For instance, on God of Fortune Day, many Vietnamese people would go to PNJ to buy gold, but heavy shopping made the experience inconvenient. PNJ has resolved this situation with comprehensive cloud-based solutions. Using the most advanced … [Read more...] about Phu Nhuan Jewelry embraces cloud computing strategy
Thailand to borrow over 66 billion USD for fiscal year 2024
Illustrative image (Photo: www.investing.com) Hanoi (VNA) - The Thai government plans to borrow about 2.4 trillion THB (nearly 66.65 billion USD) for the 2024 fiscal year starting October 1, up about 9% from the current year, according to market sources briefed by the Ministry of Finance. More than 700 billion THB of the total will be fresh borrow ing to finance the budget deficit, and about 1.7 trillion THB will be earmarked for refinancing and restructuring existing debts . About half of the funding sought will be raised through government bond sales, while the rest will be financed via treasury bills, savings bonds, bond switches and promissory notes. The government plans to sell up to 272 billion THB of government bonds in the last quarter of this year. The new cabinet of Thailand approved higher budget spending of 3.48 trillion THB for fiscal year 2024, along with a larger budget deficit of 693 billion THB, to revive the economy. According to Thai … [Read more...] about Thailand to borrow over 66 billion USD for fiscal year 2024
PNJ cloud computing strategy wins at Asian Technology Excellence Awards 2023
PNJ has won a Vietnam Technology Excellence Award in the Cloud-Retail category at the Asian Technology Excellence Awards 2023 hosted by Asian Business Review. — Photo courtesy of the company Phú Nhuận Jewellery Joint Stock Company (PNJ) has won a Vietnam Technology Excellence Award in the Cloud-Retail category at the Asian Technology Excellence Awards hosted by Asian Business Review. The Asian Technology Excellence Awards honour the most outstanding technological projects and innovations, and recognise exceptional companies that are riding the digital disruption wave to lead digital transformation journeys in their respective industries. The awards are judged and given on a country-level basis. PNJ has developed a cloud computing strategy to meet the needs of its retail operations, especially during peak season, and to get closer to its customers to provide a more complete, multi-faceted and seamless shopping journey. Using the most advanced cloud platform solutions, the … [Read more...] about PNJ cloud computing strategy wins at Asian Technology Excellence Awards 2023
Cement firms maintain pessimistic outlook
In Nghe An province, several cement plants have had to temporarily cease the operation of their kilns or significantly reduce capacity. Having come on stream in early 2020 with an annual capacity of two million tonnes, the Tan Thang Cement plant, based in Quynh Luu district, has been running well below capacity for most of this year. Meanwhile, Vicem Hoang Mai, a member of the state-owned conglomerate Vietnam Cement Industry Corporation (Vicem), has only been able to sell around one million tonnes of cement over the year to date, down 15 per cent on-year. This came as the Philippines – the company’s major export market – offered a lower price. Several cement plants in other localities have offered products with more competitive pricing, making a dent in the company’s sales. Nghe An is home to four cement plants with a combined designed capacity of 7.8 million tonnes per year. In the neighbouring Thanh Hoa province, cement production and consumption also face … [Read more...] about Cement firms maintain pessimistic outlook