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Workers check a production line at the Trung Nam Electronic Manufacturing Services in Đà Nẵng's Information Technology Park. Samsung group will support two businesses to build smart factories in Đà Nẵng City. — Photo courtesy of Quang Huy Samsung Việt Nam will help two businesses – Trung Nam Group and Tân Long Paper and Package Company – build the first smart factories in the central city as it nears the target of making it a ‘smart and green’ urban area. The city’s trade and industry department said the plan is part of the Memorandum of Understanding (MoU) signed by Samsung Việt Nam, the Ministry of Trade and Industry and the city’s department. Samsung will survey the two factories for options of applying smart production lines and management from September to December of 2023. Last year, Trung Nam Group, in cooperation with Xelex Corporation, rolled off the first production lines locally-made Xelex tablets at the Trung Nam Electronic Manufacturing Services in Đà Nẵng's … [Read more...] about Samsung supports local businesses building smart factories

Many young people around Việt Nam have created start-ups by harnessing local natural resources. — Photo nld.com.vn More and more start-ups by young people in rural areas are capitalising on the rich and diverse local resources. Đặng Dương Minh Hoàng, director of the Bình Phước Province Digital Agricultural Service Cooperative, said they are developing rapidly thanks to a trend of people leaving cities for the countryside and improving traffic connectivity and technologies. "Many young people leave the city with some capital, land from their families and connections to start a business. “This generation will create a change in the countryside because they create new products from these indigenous resources and have an understanding of market demand in the cities.” Provinces have many training programmes to promote rural start-up eco-systems, start-up communities are being created and they shared experiences to develop together, he said. Trần Đăng Đạt, co-founder of Đạt … [Read more...] about Việt Nam’s abundant indigenous resources help foster start-ups

The Japanese tourists recently told Asia One that they had been overcharged after trying a chili-style Alaskan King Crab at Seafood Paradise in Clarke Quay last month. After finishing their meal, they were shocked to receive the bill that charged them a total of S$1,322 (US$967), including a 10% service charge. The 3.5-kg crab dish they ordered cost S$938 (US$686). One of the Japanese tourists claimed they were not told they would be charged based on the weight of the crab, according to Asia One . The waiter initially told her the Alaskan King Cab specialty dish was about S$30 "without explaining that they charge per 100 grams." After arguing with the restaurant, the tourists called the police who arrived to settle the dispute before the restaurant offered them a S$107.40 discount, Channel News Asia reported. The group eventually paid for the meal. The Japanese tourists then reported the incident to the Singapore Tourism Board, which in turn brought the matter to … [Read more...] about Singapore restaurant denies that it cheated Japanese tourists

Check out the latest news about Vietnam. European Commission to inspect IUU fishing in Vietnam A delegation from the European Commission (EC) will visit Vietnam on October 10-18 to work with Vietnamese authorities on efforts to prevent illegal, unreported and unregulated (IUU) fishing , the Ministry of Agriculture and Rural Development said on September 25. A high-level dialogue session between the Ministry of Agriculture and Rural Development and the EC working group will take place on October 18, 2023 to discuss the findings of the inspection. Delegates attend the opening ceremony of the Vietnamese Goods Week in Paris. Photo: VNA Vietnamese products promoted at Frech Système U supermarket chain A delegation of 15 Vietnamese enterprises in agriculture, food, and textile industries are promoting their products at the Système U supermarket chain in France as part of the Vietnamese Goods Week in France. The event was inaugurated on September 25 in … [Read more...] about Vietnam news in brief – September 26

Many enterprises in Vietnam’s key export sectors are back on track as their orders have increased after a sharp decline several months ago, while certain tech firms have reported positive growth in international markets. Nguyen Van Trung, a representative of a company specializing in exporting agricultural products in the south, said mango, longan, dragon fruit, and durian exports to Australia and the U.S. have surged thanks to better preservation technology. The U.S. has resumed the import of Vietnam’s fresh coconuts, Trung added. Chanh Thu Company in southern Ben Tre Province also ships pomelos stateside and recorded growth. Vietnam will export this kind of fruit to China through official channels in the near future, according to Ngo Tuong Vy, CEO of Chanh Thu. Meanwhile, Nguyen Dinh Tung, general director of Vina T&T Group, pinned high hopes on durian exports for the rest of the year. “At present, only some 300 million Chinese consumers can access durians. With more … [Read more...] about Vietnamese enterprises regain growth momentum

An overview of the meeting between Prime Minister Pham Minh Chinh and Brazilian businesses . (Photo: VNA) Sao Paulo (VNA) – Prime Minister Pham Minh Chinh on September 24 asked Vietnamese and Brazilian businesses to concretise cooperation mechanisms with specific programmes and projects, with an aim to bring two-way trade turnover to 10 billion USD by 2025, and 15-20 billion USD by 2030 in a more balanced direction. PM Chinh, who is in an official visit to the South American country, stressed that after nearly 35 years of the establishment of diplomatic ties, the bilateral relations have developed positively in all fields. Vietnam and Brazil are currently each other's largest trading partner in Southeast Asia and South America, with their trade turnover reaching a record level of about 6.78 billion USD in 2022, up 6.6% year-on-year, and by threefold in the past decade. However, investment cooperation remains very modest, as Brazil currently has six valid projects … [Read more...] about Vietnamese, Brazilian firms asked to work together to raise trade to 10 billion USD

At the forum, held also thanks to the Swiss State Secretariat for Economic Affairs and the Australian Department of Foreign Affairs and Trade, speakers emphasised the substantial challenges faced by the climate finance sector in Vietnam in aligning significant investment opportunities with environmental objectives. This sentiment was shared by Allen Forlemu, the IFC's regional industry director for Financial Institutions Group, Asia-Pacific, when he said, “It is evident that climate change is an increasingly disruptive factor for Vietnam's economy, and the costs are already starting to undermine growth. In 2020, Vietnam lost $10 billion, or 3.2 per cent of its GDP, to climate change impacts.” “If nothing is done, costs will only rise. In a business-as-usual scenario with limited global mitigation efforts, climate change could cost Vietnam up to 14.5 per cent of GDP annually in roughly 30 years, with the potential to push a million people into extreme poverty in less than a decade,” … [Read more...] about Forum discusses impact of climate change

One of the important situations on the first day of the exercise was that some engineering troops unluckily got injured while getting close to explosives left over from the war. An integrated military observers-engineers-medical staff process was immediately activated to respond to this medical emergency case. The military medical team immediately rushed to the scene to classify and provide first aid to the victims. The military observer team on a nearby patrol route quickly approached the doctor, grasped the situation, assisted the engineering detachment in marking dangerous areas and reporting to the U.N. Mine Action Service and chains-of-command at all levels and asking for reinforcement from level-1 field hospital. During the exercise, participating forces practiced coordination and demonstrated their professional skills of giving first aid to and conducting medical evacuation for the victims. This training content helped raise the trainees’ awareness of post-war explosives, … [Read more...] about Integrated field exercise of peacekeeping forces opens

A condotel project developed by Nam Long Investment Joint Stock Company (NLG). NLG has approved a plan to issue corporate bonds with a maximum total value of VNĐ500 billion, expected to be implemented in the third quarter of this year. — Photo courtesy of NLG Real estate companies are continuously announcing plans to issue bonds to raise capital. The Board of Directors of Nam Long Investment Joint Stock Company (NLG) on September 19 approved a plan to issue corporate bonds with a maximum total value of VNĐ500 billion (US$21.2 million), expected to be implemented in the third quarter of this year. The bond lot is a non-convertible bond, with a term of five years, without warrants, with an expected interest rate of 9.6 per cent per year. With the proceeds, Nam Long will use them to invest in the Nam Long 2 Residential Area project in Nam Cần Thơ Urban Area, Cần Thơ City. The project has a total investment capital of VNĐ500 billion; total area of 43.8 hectares. In mid-February … [Read more...] about Realty firms look to raise capital via bonds

This was in preparation for the observation of integrated exercise on practical situations on peacekeeping operations within the framework of ongoing Competency Evaluation for Prospective Peacekeeper Program under the Experts’ Working Group on Peacekeeping Operations Cycle 4 in the 2021-2023 period within the framework of the ASEAN Defense Ministers' Meeting Plus (ADMM+). Heads of delegations of ASEAN+ countries, instructors, international observers, and representatives of diplomatic agencies in Vietnam will be observers. The event is an opportunity to review the outcomes of training within the framework of CEPPP as well as evaluate the coordination capability of military observers, engineering and military medical forces in carrying out U.N. peacekeeping operations. At the event, delegates will observe forces’ conducting of medevac for people injured by mine explosion. This is an emergency that may happen while working at U.N. peacekeeping missions, requiring the coordination … [Read more...] about International guests to observe field exercise on peacekeeping operations