Corporate

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

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

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

To further bolster its appeal, Hanoi should establish regulations that provide favorable living, working, and educational conditions for investors' family members. The draft amended Capital Law should broaden and enhance opportunities for strategic investors, including large domestic and multinational corporations, to come to Hanoi, according to the President of the Foreign Trade University, Bui Anh Tuan. Electronics production at an FDI company in Hanoi. Photo: Nguyen Minh/The Hanoi Times "To bolster its appeal, additional regulations should be put in place to facilitate favorable living, working, and educational conditions for relatives of investors in the Capital. This will contribute to establishing Hanoi as the preferred headquarters for both domestic and multinational corporations," said Tuan. … [Read more...] about Capital Law should help Hanoi attract multinationals: Expert

Thousands of suppliers and visitors join "Food Ingredients Asia 2023" and "Vitafoods Asia 2023" According to information from the organiser-Informa Markets, over 1,000 local and international food entrepreneurs from more than 45 countries around the globe joined “Fi Asia 2023” (Food Ingredients Asia 2023), as well as "Vitafoods Asia 2023". Vitafoods Asia 2023 is Asia’s No.1 exhibition on dietary supplements and ingredients. The event covers the the entire supply chain for the 'nutraceutical' industry. Vinafood Asia was inaugurated in 2011, in Hong Kong with the goal to promote the 'nutraceutical' industry for people’s better health through science and innovation. In 2022, Vitafoods Asia was held in Thailand for the first time. Meanwhile, Fi Asia 2023 looks to heighten the reputation of an event that unlocks opportunities for entrepreneurs to share and update global food trends, aiming at amplifying potential and ensuring local raw material and beverage operators are … [Read more...] about Thousands of suppliers join Food Ingredients Asia 2023, Vitafoods Asia 2023

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

During the 78 th UN General Assembly High-Level Week in New York, Vietnamese Prime Minister Pham Minh Chinh met with top executives from global giants, including the space exploration tech firm SpaceX on September 20. In a notable discussion, PM Chinh met with Tim Hughes, senior vice president in charge of Global Business and Government Affairs at SpaceX. During their conversation, Hughes said, "SpaceX is planning an investment of approximately $500 million in Vietnam, and we're keen on obtaining a licence to introduce our Starlink services in the country." Chinh warmly welcomed SpaceX's proactive investment proposal and encouraged the company to "coordinate with Vietnamese agencies and relevant entities to expedite the project's deployment." Additionally, it's essential to consider competitive pricing to align with Vietnam's developmental objectives and legal framework," Chinh said. The PM emphasised the need for SpaceX to collaborate with Vietnam's Ministry of Planning … [Read more...] about SpaceX targets $500 million investment in Vietnam

Some top international and U.S. firms such as SpaceX, the Coca-Cola Company, and Pacifico Energy are planning to expand their operations in Vietnam, heard the receptions hosted by Vietnamese Prime Minister Pham Minh Chinh for these firms’ leaders in New York City on Wednesday (local time). During these receptions, part of the top Vietnamese official’s ongoing trip to the United States, PM Chinh underlined that Vietnam prioritizes science, technology, innovation, green, digital and circular economic, and research projects. He affirmed that the Vietnamese government always creates favorable conditions for international firms to do business in Vietnam effectively. Speaking at the meeting with the prime minister, Tim Hughes, senior vice president for global business and government affairs at SpaceX, a U.S. aerospace company, run by South African-American billionaire Elon Musk, said that the group highly values Vietnam’s potential for development. Hughes revealed that SpaceX aims … [Read more...] about Major US companies, including SpaceX, aim to expand investment in Vietnam

The 2023 Hanoi Fall Festival program will take place from September 29 to October 1 at Hoan Kiem Lake walking street and Hanoi Children's Palace. The first Hanoi Fall Festival with the theme "Hanoi - Come to fall in love" will be held at Hoan Kiem Walking Space and Hanoi Children's Palace from September 29 to October 1, aiming to promote travel to the capital in Autumn, the season when Hanoi is considered to be at its best. The information was announced by Deputy Director of Hanoi Promotion Agency (HPA) Nguyen Thi Mai Anh at a press conference in Hanoi on September 20. Foreign tourists visit Hanoi's Book Street. Photo: Hoai Nam/The Hanoi Times According to Anh, this is the first iteration of an event showcasing Hanoi's culture and cuisine on Capital Liberation Day (October 10). The festival will feature 150 booths from people's committees in 10 districts of Hoan Kiem, Me Linh, Quoc Oai, Ung Hoa, Ba Dinh, Nam Tu Liem, Cau Giay, Dong Anh, Ba Vi and Gia … [Read more...] about Hanoi Fall Festival 2023 captivates visitors with unique activities

In early September, the U.S. Department of Commerce (DOC) lowered anti-dumping duties on frozen tra fish filets from Vietnam following its latest preliminary conclusion. The Federal Register, the daily journal of the U.S. government, published the preliminary results of the 19th anti-dumping duty administrative review (POR19) by DOC on Vietnam’s frozen tra fish filets exported to the U.S. in the August 1, 2021 - July 31, 2022 period. Accordingly, the U.S. authority determined that two Vietnamese companies, Vinh Hoan Corporation and Can Tho Import Export Seafood Joint Stock Company (Caseamex), which were selected for individual examination as mandatory respondents, will enjoy a tax rate of 0 USD per kilo and 0.14 USD per kilo, respectively. A rate of 0.14 USD per kilo will be applied to other companies including Cafatex Corporation, International Development and Investment Corporation, Loc Kim Chi Seafood Joint Stock Company, and Hung Vuong Corporation. The preliminary tax rate … [Read more...] about Good news for Vietnam’s tra fish exports to U.S.