Building strong relationships

VPBank’s Mochizuki Masashi (centre) received a trophy at last week’s investment conference hosted by VIR Foreign customers of VPBank can now enjoy more corporate financial services, at the same time being indirectly supported to retain talent through specialised financial products and solutions which are designed to bring their staff the best financial service experience and satisfaction. At VIR’s investment conference last week, Mochizuki Masashi, head of the FDI Centre at VPBank, said that in an effort to expand the foreign customer segment, banks not only provide capital or cash flow management services, as well as revenue and expenditure management for foreign-invested enterprises (FIEs) operating in Vietnam, but also have to meet the financial needs of their employees at different levels. Masashi delivers his remarks at the investment conference in Hanoi As per Masashi’s account, these needs are diverse, from setting up accounts and opening credit cards to … [Read more...] about VPBank meeting the needs of foreign customers

Despite challenges, both sides have made concerted efforts to promote cooperation in various areas, including the economy, science, technology, and education. Vietnam gives priority to its long-standing and strategic comprehensive partnership with Russia . Nguyen Phu Trong, General Secretary of the Communist Party of Vietnam, emphasized this view today [May 21] during his meeting with Chairman of the United Russia Party Dmitry Medvedev, who is currently on an official visit to Vietnam from May 21 to 23 as part of the cooperation agreement between the two parties. General Secretary of the Communist Party of Vietnam Nguyen Phu Trong and Chairman of the United Russia Party of Russia Dmitry Medvedev. Photos: VNA In a warm and friendly atmosphere, Trong welcomed the Russian guest, the first leader of the ruling United Russia Party, to visit Vietnam. During the meeting, the Vietnamese Party leader shared with Medvedev the achievements of the Vietnamese … [Read more...] about Vietnam gives priority to comprehensive strategic partnership with Russia: Party chief

A worker in a VinES battery manufacturing factory in Ha Tinh. — Photo coutersy of Vingroup Vingroup’s VinES Energy Solutions (VinES) on April 12 in Toronto, Canada, signed a definitive agreement for a long-term recycling relationship with Li-Cycle Holdings Corp. (Li-Cycle), an industry leader in lithium-ion battery resource recovery and the leading lithium-ion battery recycler in North America. Under the agreement, from 2024, Li-Cycle will become VinES’ strategic and preferred recycling partner for VinES’ Vietnamese-sourced battery materials. Consistent with Li-Cycle’s strategy for growing recycling capacity in conjunction with customer demand, the agreement further contemplates constructing a dedicated Spoke close to VinES’ manufacturing site. In addition, the potential Spoke has the opportunity to benefit from the growing local demand for lithium-ion battery recycling solutions, driven by strong economic growth and an increasing manufacturing presence in Viet Nam. An … [Read more...] about VinES and Li-Cycle announce strategic, long-term agreement

Vice Chairman of the People’s Committee of Ho Chi Minh City Vo Van Hoan (R) presents a gift to Tanja Fajon, Slovenian Deputy Prime Minister and Minister of Foreign and European Affairs (Photo: VNA) HCM City (VNA) – Vice Chairman of the People’s Committee of Ho Chi Minh City Vo Van Hoan hosted a reception on May 22 for Tanja Fajon , Slovenian Deputy Prime Minister and Minister of Foreign and European Affairs, who is on a working visit to the city. Welcoming the Slovenian Deputy Prime Minister to Ho Chi Minh City for the first time, Hoan said that this is an important milestone in the bilateral relationship between Vietnam and Slovenia in general, and cooperation between Ho Chi Minh City and the European nation in particular. He reiterated that Vietnam always attaches importance to its friendship with Slovenia, and Ho Chi Minh City always considers the country as a potential partner. Although trade and investment between the two sides are currently not … [Read more...] about HCM City wants to cooperate with Slovenia in digital transformation, maritime transportation

Welcoming the Slovenian Deputy Prime Minister to Ho Chi Minh City for the first time, Hoan said that this is an important milestone in the bilateral relationship between Vietnam and Slovenia in general, and cooperation between Ho Chi Minh City and the European nation in particular. He reiterated that Vietnam always attaches importance to its friendship with Slovenia, and Ho Chi Minh City always considers the country as a potential partner. Although trade and investment between the two sides are currently not commensurate with aspirations, they can develop strongly in the coming time if businesses make good use of advantages of the E.U. - Vietnam Free Trade Agreement (EVFTA). Hoan appreciated Slovenia's achievements in the Smart Specialization Strategy and the Digital Slovenia Strategy along with progress in advanced digital technologies such as blockchain and artificial intelligence (AI), and proposed that the two sides enhance cooperation in digital transformation, innovation, … [Read more...] about Ho Chi Minh City wants to cooperate with Slovenia in digital transformation, maritime transportation

At a reception for visiting Chairman of the Incheon Metropolitan Council Heo Shick, he said Ho Chi Minh City has established friendly and cooperative relations with seven RoK cities, adding that the municipal People's Council signed cooperation agreements with the RoK’s Incheon and Busan Metropolitan Councils. He went on to say that the relationship between the city and its Korean partners has developed very well, achieving many positive results. Ho Chi Minh City is home to about 80,000 people and some 2,000 firms from the RoK, which make positive contribution to the local development and serve as a bridge to enhance the friendship and cooperation between the two countries. The official said that Ho Chi Minh City is ready to create the most favorable conditions for the Korean businesses and community here. For his part, Heo Shick said the strong developments in RoK - Vietnam relations, especially in the fields of trade, investment, tourism, sports, and people-to-people … [Read more...] about Ho Chi Minh City seeks stronger cooperation with RoK’s Incheon

At the meeting, Sr. Lt. Gen. Hoang Xuan Chien congratulated Mr. Sergio Narea Guzman on his new appointment as Chilean Ambassador to Vietnam and expressed strong belief that the diplomat would have a successful term of office, contributing to further strengthening the Vietnam - Chile comprehensive partnership. The Vietnamese deputy defense minister emphasized that despite geographical distance, Vietnam and Chile share some similarities and strive for independence, self-reliance, peace, cooperation, and development. He said that Vietnam treasures the comprehensive partnership with Chile and hopes to foster the multifaceted relationship with the country, including defense ties. Gen. Chien suggested Ambassador Sergio Narea Guzman, in his term of office, pay attention to strengthening the bilateral defense cooperation focusing on such fields as delegation exchange to strengthen mutual understanding, training, defense industry, military medicine, and U.N. peacekeeping operations. He … [Read more...] about Defense leader receives newly-appointed Chilean Ambassador to Vietnam

How would you evaluate VinFast’s valuation upon completion of its merger? Marc Iyeki, former head of Asia-Pacific Listings at the New York Stock Exchange VinFast’s proposed merger with a special-purpose acquisition company (SPAC) at a $23 billion valuation, negotiated with Black Spade Acquisition, awaits validation in the public market. VinFast’s SPAC merger occurs amid reduced investor enthusiasm for electric vehicle (EV) companies and the broader market, as well as closer regulatory review of SPAC transactions. This adds a layer of scrutiny to the deal. While startups often grapple with mounting losses during their quest for market share, investors will closely monitor VinFast’s on-year sales growth, which turned negative from 2021 to 2022, although 2022 was a difficult year for the auto industry. In comparison to other EV companies that have gone public, how does VinFast’s valuation stack up? One difference between VinFast and a number of EV counterparts … [Read more...] about Tough journey is just starting for VinFast

Quality attendance sets new standards at Vinexpo Asia 2023 The expo exceeded expectations with a highly qualified attendance, substantial business generation, and unparalleled knowledge sharing, solidifying its position as the premier gathering for industry professionals in the region. Vinexpo Asia 2023 witnessed an impressive turnout, with a remarkable and diverse almost 10,000 professionals hailing from 64 countries, with the top five visiting countries being Singapore, China, Malaysia, Vietnam and Thailand. The event attracted top-quality buyers, 80 per cent of which have trade and retail activities in the region, providing exhibitors with many business opportunities, whereas 20 per cent were from media, education and institutional organisations. Highlighting its significance on an international scale, the trade show also welcomed prestigious institutional visits, including ambassadors and high commissioners from 19 countries ambassadors from 16 countries, featuring the … [Read more...] about Vinexpo Asia 2023 makes big impression