SKC Co. Ltd. (SKC), a subsidiary of the SK Group , has received an investment certificate to develop a high-tech biodegradable materials factory in the northern port city of Hai Phong. With the total investment capital of $500 million, the factory specialises in producing biodegradable materials such as polybutylene adipate terephthalate and polybutylene succinate. The project spreads across an area of 32,089 square metres in the Haiphong I DEEP C Industrial Zone in the Dinh Vu-Cat Hai Economic Zone. In the first phase, the project will start construction in mid-December 2023, slated to be completed within nine months. The project is expected to reach an output of 35,000 tonnes by year-end. In the second phase, the company will increase the total output to 70,000 tonnes per year. Woncheo Park, CEO of SKC under SK Group said, "SK Group has invested about $3 billion in Vietnam over the past five years. Currently, Hai Phong is one of the countries with the most modern … [Read more...] about South Korea’s SK Group continues to deepen investment in Vietnam
Continuous subcellular resolution three dimensional imaging on intact macaque brain
Evolving demands and trends dictate VIR‘s future
Print has been the mainstay, but times change and so must the press. Photo: Le Toan Since taking a role as an economic counsellor at the Indonesian Embassy to Vietnam a few years ago, Ance Maylany Napitupulu has considered the local media a reliable source of information for her work. “I’m quite impressed by what Vietnam Investment Review has been doing in conveying information via in-depth stories on both online and print newspapers, and especially in organising events,” Napitupulu said. Napitupulu attended VIR ’s conference themed “Stronger Investment Partnerships for a Thriving Vietnam” in May, where she had an opportunity to establish relations with experts. This was the second time that Napitupulu had participated in such large-scale events led by VIR , which she said is becoming a professional event organiser besides its well-established expertise in the Vietnamese press. “I hope to have another opportunity to attend VIR events as they will provide me with new … [Read more...] about Evolving demands and trends dictate VIR‘s future
Petrovietnam pushes initiatives to sustain oil and gas production
At the meeting. — Photo courtesy of Petrovietnam Vietnam National Oil and Gas Group (Petrovietnam) is actively pursuing strategies to ensure the continuity of oil and gas production in 2023 in the face of various challenges in its production and business operations. This becomes especially crucial as many of Việt Nam's key oil fields are experiencing natural declines, and several member units lack the capacity for substantial investments in new mining ventures. According to Petrovietnam, the current market supply and demand conditions have exhibited several shortcomings since the beginning of the year. These include a low capacity to mobilise electricity, resulting in significantly lower gas production than planned and in comparison to previous periods. Consequently, there is an excess of gas production, which has repercussions on the targets for crude oil production. Additionally, it hampers the achievement of long-term reserve increases and planned production expansions for … [Read more...] about Petrovietnam pushes initiatives to sustain oil and gas production
CMSC navigates reforms and challenges at SOEs
Phan Van Son, director of General Department under the Commission for Management of State Capital at Enterprises In Vietnam’s quest for economic prosperity, the Commission for Management of State Capital at Enterprises (CMSC) stands out as a sentinel overseeing the ownership in 19 pivotal state-owned enterprises (SOEs), each playing diverse roles across 16 varied sectors. According to Phan Van Son, director of General Department at the CMSC, the journey, while dotted with accomplishments, has many challenges. “The commission acts as a dedicated agency, symbolising state ownership in enterprises, rendering them guardians of state assets,” said Son. According to Son’s presentation at VIR ’s seminar titled 'Looking Back and Moving Forward' on September 26, by 2022, these 19 SOEs have witnessed a surge in their consolidated total capital and assets, touching $48.7 billion and $105.2 billion respectively, reflecting a substantial 63 per cent of total state ownership capital and … [Read more...] about CMSC navigates reforms and challenges at SOEs
Soft momentum likely for Q3: UOB
According to the latest report of UOB, after starting off the year at a sluggish pace, with real GDP growth in Q1 decelerating to 3.28 per cent on-year, from 5.92 per cent in the previous quarter, growth momentum in Vietnam remained lethargic, largely due to weak external demand coupled with an underperforming manufacturing sector. As a result, economic growth in Q2 expanded just 4.14 per cent on-year, for a cumulative growth rate of 3.72 per cent on-year in H1, well below the official growth target of 6.5 per cent. In terms of sectoral performance, manufacturing (including construction), which accounts for about 34 per cent share of the economy, managed to gain about 1.1 per cent on-year in Q2 with a positive contribution in H1. Meanwhile, the services sector (43 per cent share) managed to cushion some of the weaknesses from the external sector, rising 6.1 per cent on-year in Q2 following the 6.6 per cent on-year run in Q1. The services sector contributed 2.7 percentage points, … [Read more...] about Soft momentum likely for Q3: UOB
Three more Vietnam military officers to join UN peacekeeping forces
At the decision hand-over ceremony. (Photo: VNA) Hanoi (VNA) – The Ministry of National Defence on September 25 handed over the State President’s decisions to three officers, who will join the UN Interim Security Force for Abyei (UNISFA) and the UN Mission in South Sudan (UNMISS). The three are Lieutenant Colonel Nguyen My Hanh, and Captain Pham Thi Mai Ngan, who will work at UNISFA , and Major Hoang Van Kien, who will go to UNMISS . Kien will fly to the UN mission on September 28, while the others are scheduled to leave Vietnam in early October, according to Colonel Pham Manh Thang, Director of the Vietnam Department of Peacekeeping Operations. Addressing the event, Senior Lieutenant General Phung Si Tan, Deputy Chief of the General Staff of the Vietnam People's Army (VPA), asked the department to continue selecting personnel for the UN forces in line with regulations, and build a suitable roadmap to improve foreign language skills for Vietnamese peacekeepers. … [Read more...] about Three more Vietnam military officers to join UN peacekeeping forces
Hanoi moves to tap riverside agri-tourism potential
An ornamental craft village tourist site in Hong Van commune, Thuong Tin district, Hanoi (Photo: https://hanoimoi.vn/) Hanoi (VNA) – With its great potential for ecological agriculture and tourism, especially in riverbank area s, Hanoi has paid attention to developing riverside agri-tourism models. In Vietnam's tourism development strategy , ecotourism associated with agriculture and rural areas is one of the five key products. Visiting fruit and flower gardens, and agricultural farms, taking time to check in there, enjoying local specialties, and listening to historical stories at relic sites are activities visitors can experience at Hong Van commune, Thuong Tin district. Hong Van commune's ornamental craft village tourist site is one of the two OCOP (One commune, One Product) products of Hanoi. Located along the Hong (Red) River, in recent years, Hong Van commune has become an eco-tourism and agri-tourism attraction in the capital city. According to … [Read more...] about Hanoi moves to tap riverside agri-tourism potential
Vietnam, Bulgaria agree to revitalise traditional cooperation areas, explore new ones
At the meeting (Photo: VNA) Sofia (VNA) – National Assembly Chairman Vuong Dinh Hue and Prime Minister of Bulgaria Nikolai Denkov have agreed to revitalise traditional areas of cooperation such as agriculture, food processing, pharmaceuticals while also opening up new and promising fields of collaboration like green and digital transformation, artificial intelligence and just energy transition. National Assembly Chairman Vuong Dinh Hue (L) and P rime Minister of Bulgaria Nikolai Denkov (Photo: VNA) Hue said on the basis of the bilateral traditional friendship, Vietnam supports Bulgaria’s bid to strengthen cooperation with ASEAN and hopes that Bulgaria continues to be an effective bridge to push forward ties between Vietnam and the EU. National Assembly Chairman Vuong Dinh Hue speaks at the event (Photo: VNA) VNA … [Read more...] about Vietnam, Bulgaria agree to revitalise traditional cooperation areas, explore new ones
News agencies treasure Vietnam – Cuba special solidarity
PL President Luis Enrique González Acosta in an interview with Vietnam News Agency. (Photo: VNA) Hanoi (VNA) – The Vietnam News Agency (VNA) and Cuban news Agency Prensa Latina (PL) have preserved and treasured the traditional solidarity and special friendship between Vietnam and Cuba, PL President Luis Enrique González Acosta has said. He spoke with a VNA reporter on the sidelines of a photo exhibition on Vietnam – Cuba relations held in Quang Tri province on September 26 on the occasion of the 50th anniversary of Cuban leader Fidel Castro’s visit to the liberated zone in Southern Vietnam. First Secretary of the Communist Party of Cuba and Prime Minister Fidel Castro, Prime Minister Pham Van Dong and Hanoians in a photo taken in September 1973. (Photo: VNA) Fifty years ago, First Secretary of the Communist Party of Cuba and Prime Minister Fidel Castro visited Vietnam and travelled to Quang Tri province– a newly liberated land in the south of Vietnam as he … [Read more...] about News agencies treasure Vietnam – Cuba special solidarity
Vietnamese PM, Brazilian President discuss measures for augmenting ties
Vietnamese PM Pham Minh Chinh (R) and Brazilian President Luiz Inacio Lula da Silva meet in Brasilia on September 25. (Photo: VNA) Brasilia (VNA) – Prime Minister Pham Minh Chinh and Brazil ian President Luiz Inacio Lula da Silva held talks in Brasilia on September 25 (Brazil time) as part of the Vietnamese leader’s official visit to the South American country. Welcoming PM Chinh and the high-ranking delegation of Vietnam, the Brazilian President expressed his belief that the visit will help develop the two countries’ traditional friendship and sound cooperation to a new height, thus actively contributing to peace, stability, and development in the two regions and the world. PM Chinh voiced his delight at the growing Vietnam - Brazil relations and stressed that Vietnam attaches importance to the ties with Brazil, one of its leading partners in Latin America. The two leaders noted with satisfaction that bilateral relations have been flourishing and becoming … [Read more...] about Vietnamese PM, Brazilian President discuss measures for augmenting ties