Global private equity firm Warburg Pincus has set up a joint venture with major Vietnamese real estate and infrastructure firm Becamex IDC Corp. (Becamex) to create the largest logistics and industrial real estate developer in the country, according to a statement. The JV will be called BW Industrial Joint Stock Company (BWID) and will focus on developing institutional-grade logistics and industrial properties across Vietnam. Both firms have committed US$200 million to the platform. Warburg Pincus joins Vietnamese logistics and property market. Nguyen Van Hung, Chairman of Becamex, believed that the co-operation with Warburg Pincus, a best-in-class private equity firm with deep experience in Asia, is a great opportunity, according to the company's statement. "With the transformative shift of the manufacturing base from markets like China to Vietnam as well as with the rapid rise of domestic consumption, the logistics and industrial real estate market in … [Read more...] about Warburg Pincus joins Vietnamese logistics and property market
Calendar for october and november 2016
Glass noodles a specialty of the mountains
Glass noodles is a specialty of Cao Bằng. VNA/VNS Photo Chu Hiệu Phia Đén Hamlet in Thành Công Commune in the northern province of Cao Bằng is home to green fields of canna, whose roots are the main ingredient of glass noodles. Raw glass noodles are dried under the sun. VNA/VNS Photo Chu Hiệu Canna is grown in Phia Đén Mountain, lying 1,000m above sea level, from January to February in the lunar calendar and harvested in October and November. Finished glass noodles are tied and packed for consumption.VNA/VNS Photo Chu Hiệu Phia Đén glass noodles are renowned nationwide thanks to their delicious taste and smooth texture, which are created using traditional methods and favourable weather conditions. Canna starch mixture has an ivory colour and smooth texture VNA/VNS Photo Chu Hiệu The glass noodles are white, the natural colours of the canna starch mixture without the use of any bleaching or colourants. According to locals, the … [Read more...] about Glass noodles a specialty of the mountains
US-ASEAN summit marks ‘new era’ for ties: Biden
Addressing the second day of a two-day meeting, Biden said "a great deal of history of our world in the next 50 years is going to be written in the ASEAN countries, and our relationship with you is the future, in the coming years and decades." The summit marks the first time that ASEAN leaders gathered as a group in Washington and their first meeting hosted by a U.S. president since 2016. The Biden administration hopes the effort will show that Washington remains focused on the Indo-Pacific and the long-term challenge of China, which it views as its main competitor, despite the crisis in Ukraine. "We're launching a new era - a new era - in U.S.-ASEAN relations," Biden said. Earlier, U.S. Vice President Kamala Harris told ASEAN leaders the United States would remain in the region for generations and stressed the need to maintain freedom of the seas, which Washington says is challenged by China. "The United States and ASEAN have shared a vision for this region, and together we … [Read more...] about US-ASEAN summit marks ‘new era’ for ties: Biden
Vietnamese swimmers defeat Singapore’s Olympic champion and teammates at SEA Games
The Vietnamese swimming team beat 2016 Olympic champion Joseph Schooling of Singapore and his teammates to win a gold medal in the men’s freestyle 4x200m relay event at the 31st Southeast Asian (SEA) Games on Tuesday. The team, including Nguyen Huu Kim Son, Nguyen Huy Hoang, Hoang Quy Phuoc, and Tran Hung Nguyen, competed against their rivals from Malaysia, Singapore, Thailand, and Indonesia in the event. Their performance, seven minutes and 16.31 seconds, outshone that of Singaporean star swimmer Joseph Schooling, who had triumphed in the 100m butterfly at the 2016 Rio Olympic Games, and his teammates, earning Vietnam the gold medal. It also set a new record in the category as the former highest achievement was seven minutes and 17.88 seconds. Vietnamese swimmers receive a gold medal in the men’s freestyle 4x200m relay event at the 31st Southeast Asian (SEA) Games at My Dinh Water Sports Palace in Hanoi, May 17, 2022. Photo: Nam Tran / Tuoi Tre This is the … [Read more...] about Vietnamese swimmers defeat Singapore’s Olympic champion and teammates at SEA Games
Firms fined for Covid-19 spread in Bac Lieu
Two firms in the southern province of Bac Lieu have been fined for violating Covid-19 prevention rules which have led to a large virus outbreak in the area. The Gia Rai Town People's Committee on November 10 announced a fine of VND 20 million each to Tan Khoi Seafood Company and Chau Ba Thao Seafood Company for violating Covid-19 prevention rules which have caused the largest virus outbreak in the area so far. According to local authorities, the two companies had failed to conform to the government's regulations on Covid-19 prevention and control. They didn't carry out weekly Covid-19 testing for workers at their workplaces, which had caused a large-scale virus spread in the community. A report from the Gia Rai Town People's Committee said that a female worker from Tan Khoi Seafood Company was accidentally found to be infected with Covid-19 on October 19 when being asked to take a quick test by a local healthcare centre where she took a relative to for a health check-up. Local … [Read more...] about Firms fined for Covid-19 spread in Bac Lieu
PV Gas, US firm get investment registration certificate for Son My LNG terminal
The investment registration certificate is a major enabler for the establishment of the Son My LNG terminal project company. The terminal will have an installed capacity of 450 trillion British thermal unit (TBtu) and represents a total investment of about $1.4 billion. "This is an important milestone for the development of the Son My LNG terminal project, which will supply liquified natural gas (LNG) to southern Vietnam and play a major role in shaping Vietnam’s energy future by diversifying the energy mix with imported LNG," said David Stone, president of AES Vietnam. Representatives of AES (L) and PetroVietnam Gas Joint Stock Company (R) were granted an Investment Registration Certificate for the Son My LNG terminal project. Photo by PV Gas The Son My LNG terminal complements AES’s project in the Son My 2 Combined Cycle Gas Turbine (CCGT) power plant. Together, the plant and the terminal affirm AES’s commitment to Vietnam’s economic growth and energy transition … [Read more...] about PV Gas, US firm get investment registration certificate for Son My LNG terminal
Mekong flowing at highest in years but drought feared later
According to Mekong River Commission (MRC), from November 2021 to April 2022 the Lower Mekong River Basin (LMB) was wetter than normal years with rainfall 25 percent above average basin-wide. At Thailand's Chiang Saen, the second uppermost monitoring station in the LMB, the level rose from 1.84 meters on Mar. 2 to 3.25 meters on May 11. The latter figure is lower than the 60-year average until 2021, but notably higher than during the drought years of 2019–21. At the Vientiane station in the Laotian capital, water levels even exceeded the 60-year average. In Cambodia, levels along the stretch from the Stung Treng to Kompong Cham monitoring stations rose by 0.66-2.22 meters, an increase of around 1.5 meters from last year, the MRC said in a statement. The Vietnam National Center for Hydro-Meteorological Forecasting (NCHMF) said late last month that the Mekong Delta, where the river reaches the sea, in April received 15-20 percent more water than average. In May and June the … [Read more...] about Mekong flowing at highest in years but drought feared later
Foreigners happy as Vietnam lifts Covid testing requirement
American Justin Douglas told VnExpress International he was glad to hear the test requirement went on May 15. "At this point I think Covid is endemic and that testing serves no significant purpose anymore besides presenting a bureaucratic hassle for traveling. "In addition to the high costs, there was the added stress of finding out where you can get a suitable test, and getting it at the right time." "Vietnam is my favorite country and I have been waiting to go back." Yves Badaroux also of the U.S. said he backed the government's decision as many countries across the world have already done so. "Removing the test conveys a message that the country really wants tourists to come back. "We plan to visit Vietnam in October and November. We miss Vietnam. We have been there five times already and cannot wait to come back." Singaporean Ben Teh said: "This is great news. We don't have to bother to get a PCR or antigen rapid test done because it's really costly and makes no … [Read more...] about Foreigners happy as Vietnam lifts Covid testing requirement
Health insurance payment for services using borrowed machines show inconsistency
Modern medical equipment in Vietnam National Cancer Hospital helps to improve disease treatment quality MoH informed that the demands on medical equipment of healthcare institutes in Vietnam lately have gone up significantly, while the investment from state budget, the Official Development Assistance (ODA) loan, the financial support, and the fund for operational development of each unit are all limited. Therefore, healthcare institutes have borrowed medical machines and devices from auction winners for medical supplies and chemicals to answer these needs. On April 12, 2018, the Health Ministry sent formal Dispatch No.2009/BYT-KHTC to Vietnam Social Security (VSS) regarding health insurance payment for technical services related to these borrowed machines. On October 2, 2018, the two units agreed on payment details for this form in Announcement No.1039/TB-BYT-BHXH. It clearly states that VSS continues to use health insurance to pay for technical services of patients using … [Read more...] about Health insurance payment for services using borrowed machines show inconsistency
Miss Supranational Vietnam 2022 debuts in HCM City
The Miss Supranational Vietnam 2022 pageant kicked off on May 17 in Ho Chi Minh City as the country searches for the most outstanding contestant to compete at the global Miss Supranational 2023 competition in Poland. At the announcement of Miss Supranational Vietnam 2022 The organisers of the contest, Unimedia and Leading Media, said that the preliminary round of the beauty pageant is scheduled to last from now until October, while the semifinals and finals will be held in November and December. Most notably, the competition will consist of a unique reality TV show and a series of programmes featuring various activities undertaken by the contestants, with these events set to be held across the country. For this year’s contest, Nguyen Huynh Kim Duyen has been selected to represent the country at the Miss Supranational 2022 pageant, which is scheduled to take place in Poland this July. Duyen will be accompanied by renowned Vietnamese designer Le Thanh Hoa at … [Read more...] about Miss Supranational Vietnam 2022 debuts in HCM City