This is the first year the CTO Summit Technology Leadership Conference has been organized at the annual AI event to honor enterprises with a technology-rich working environment. WD, Heineken, VNPT, FPT's representatives receive the award as the best technology environment enterprises at Vietnam Artificial Intelligence Day 2023 on September 22, 2023. Photo by VnExpress/Quynh Tran Launched in mid-July, the award received more than 50 nominations and 17 were shortlisted for the next round. FPT FPT is one of the pioneering enterprises in technology and digital transformation in Vietnam. The company has representative offices in 29 countries and territories. The group has invested trillions of dong to create comfortable office complexes and offices with utility ecosystems to meet employees' demand for working, entertainment, studying, and accommodation. One of FPT's unique cultures is the core staff training program, which helps young talents enhance their skills … [Read more...] about 6 Vietnam companies with exemplary technology environments in 2023
Lab group international vietnam company limited
Tra Vinh organises 3rd Vietnam-Japan cultural exchange programme
Illustrative photo (Photo: cand.com.vn) Tra Vinh (VNA) – The Mekong Delta province of Tra Vinh held the third Vietnam – Japan cultural exchange programme at Tra Vinh University on September 29. The event aimed to celebrate the 50th anniversary of Vietnam- Japan diplomatic relations ( 1973-2023), tighten the two countries’ friendship, and promote Japan’s images among Vietnamese as well as introduce Tra Vinh to international friends and investors. At the event, Chairman of the provincial People's Committee Le Van Han thanked the Japanese Government for its support to the province in job creation, poverty reduction, and socio-economic development. Japan is one of the most important strategic partners, and the largest official development assistance (ODA) supplier of Vietnam and a traditional partner of Tra Vinh province, he said, adding projects funded with Japan’s ODA have brought great economic benefits to people in the province. In particular, a branch of Japan's … [Read more...] about Tra Vinh organises 3rd Vietnam-Japan cultural exchange programme
Profit halves for ex-Shark Tank panelist’s company
The company, whose chairman is former Shark Tank panelist Nguyen Thanh Viet, has publicly declared its financial results for the first time. Its outstanding bonds were worth VND135 billion. Intracom, as the company is known, started life in 2002 as a state-owned enterprise with interests in property and construction, clean energy and building materials. It was equitized in 2006, and now has more than 30 subsidiaries in many industries and branches in Singapore and Japan. Property development remains a key business. It is a major developer in Hanoi with a number of apartment projects. It is also a substantial investor in the hydropower sector with projects. It recently entered the renewable energy sector with plants generating power from wind, solar and waste. Intracom has a presence in the medical field, and owns a general hospital, nursing home and oncology hospital. It established the Phuong Dong Medical Complex Company Limited in 2010 with a capital of more than VND1 … [Read more...] about Profit halves for ex-Shark Tank panelist’s company
Winners of Qualcomm Vietnam Innovation Challenge 2023 announced
RYNAN Technologies JSC wins the first prize in the Qualcomm Vietnam Innovation Challenge 2023 for its smart insect monitoring system. — Photo courtesy of the organiser Qualcomm Technologies Inc, a subsidiary of Qualcomm Inc, has announced the top three winners of the third season of the Qualcomm Vietnam Innovation Challenge (QVIC). RYNAN Technologies JSC, which designs and makes a smart insect monitoring system, won first prize. XB Technology Company Limited won second prize with its drone delivery based on cellular connectivity, and Benkon Corp, with its energy saving solution for air conditioners, won third prize. They won cash prizes of US$100,000, $75,000 and $50,000, respectively. QVIC 2023 attracted the participation of 141 companies around the country, which was the highest number of applicants in the programme's history. A jury of experts chose 10 shortlisted companies in February this year based on unique innovation, technology differentiation and localisation, … [Read more...] about Winners of Qualcomm Vietnam Innovation Challenge 2023 announced
Vietnam’s international tourism to bounce back in late 2024
Hoi An - an attractive destination to foreign tourists (Photo: VNA) HCM City (VNA) - By the end of 2024, international tourism in Vietnam can recover and reach 80% of the pre-pandemic level in an optimistic scenario, heard a workshop on Vietnam tourism 2023 in Ho Chi Minh City on September 21. The event, themed “Lessons Learned from Target and Recovery”, was jointly by The Outbox Company - a market intelligence company based in Vietnam , specialising in travel, hospitality, destination and tourism, and the Saigontourist Group. Nguyen Anh Thu, Chief Research Officer of The Outbox Company , said that the world tourism reached 80% of the pre-COVID-19 level in the first quarter of 2023 thanks to positive results in Europe and the Middle East. In Vietnam, the tourism industry has tapped the domestic market as "leverage" to stimulate demand, as the international tourist market has recovered quite slowly. Thu suggested the sector have changes in tourism recovery and … [Read more...] about Vietnam’s international tourism to bounce back in late 2024
Bain Capital invests $200 mln in Vietnam conglomerate Masan
The deal is set to boost competition in Vietnam's retail market, as rapid urbanization draws domestic and foreign investors looking to expand or gain a foothold in the country of 100 million. Proceeds will go to strengthen Masan's financial position, said the fast-moving consumer goods firm, which runs more than 3,200 supermarkets and minimarts in the southeast Asian nation. "Masan has the right fundamentals, reach, and growth strategy to succeed in a high-growth and compelling consumer market," Bain partner Barnaby Lyons said in the joint statement. The investment would be in the form of convertible dividend preference shares priced at 85,000 dong ($3.50) each, which can be converted into ordinary shares in a one-for-one ratio, Masan added. "We look forward to working with Bain to accelerate our vision to be the one-stop shop for consumer daily needs," its chief executive, Danny Le, said in the statement. Last week Reuters reported that Singapore's sovereign wealth fund, … [Read more...] about Bain Capital invests $200 mln in Vietnam conglomerate Masan
Bain Capital invests $200M in Vietnam conglomerate Masan
The deal is set to boost competition in Vietnam's retail market, as rapid urbanization draws domestic and foreign investors looking to expand or gain a foothold in the country of 100 million. Proceeds will go to strengthen Masan's financial position, said the fast-moving consumer goods firm, which runs more than 3,200 supermarkets and minimarts in the southeast Asian nation. "Masan has the right fundamentals, reach, and growth strategy to succeed in a high-growth and compelling consumer market," Bain partner Barnaby Lyons said in the joint statement. The investment would be in the form of convertible dividend preference shares priced at 85,000 dong ($3.50) each, which can be converted into ordinary shares in a one-for-one ratio, Masan added. "We look forward to working with Bain to accelerate our vision to be the one-stop shop for consumer daily needs," its chief executive, Danny Le, said in the statement. Last week Reuters reported that Singapore's sovereign wealth fund, … [Read more...] about Bain Capital invests $200M in Vietnam conglomerate Masan
Moody’s launches credit rating firm in partnership with Vietnam’s leading financial institutions
Moody’s Corporation, a global integrated risk assessment firm, on Wednesday announced the launch of Vietnam Investors Service and Credit Rating Agency JSC (VIS Rating), a partnership between Moody’s and leading Vietnamese financial institutions. The Vietnamese Ministry of Finance on Tuesday issued a credit rating agency license to VIS Rating that was initiated by the Vietnam Bond Market Association. VIS Rating will provide independent credit rating services to corporate issuers in Vietnam. Moody’s is the largest shareholder in VIS Rating with a 49-percent holding but VIS Rating operates independently from Moody’s. Other founding shareholders include ACB Securities Company, Dragon Capital Finance Limited, Nam A Bank Asset Management Company Limited, VNDIRECT Securities Corporation, and VPS Securities Joint Stock Company. Michael West, president of Moody’s Investors Service, a subsidiary of Moody's Corporation, said, “Moody’s recognizes the vital role that the local debt … [Read more...] about Moody’s launches credit rating firm in partnership with Vietnam’s leading financial institutions
Technology is foundation for Vietnam’s rapid, sustainable development: minister
Speaking at the opening of the event held in Quang Ninh Province, he emphasized the importance of developing science, technology and innovation. Hundreds of delegates from ministries, businesses and production units and scientists were in attendance to learn about breakthrough technologies and solutions. Before the opening, Deputy Prime Minister Tran Luu Quang, Dat, other Party and state leaders, their counterparts from the Quang Ninh Province Party Committee, People's Council and People's Committee, and ministry and other officials visited the booths set up at an exhibition that is part of the event. Nearly 200 booths showcased technological devices and solutions. Quang called for ensuring products are also competitive in terms of prices. "The product might be good, but the price must also be lower than in foreign markets," he said while visiting the booth set up by auto company Thanh Cong Group. Minister of Science and Technology, Huynh Thanh Dat speaks at the … [Read more...] about Technology is foundation for Vietnam’s rapid, sustainable development: minister
Vietbuild Hanoi International Exhibition 2023 expected to revive real estate
More than 400 domestic and international participants gathered at Vietnam's largest construction exhibition, which opened to create a connection amid the economic recovery. The second edition of the Vietbuild Hanoi International Exhibition 2023, which runs on September 20-24, has seen the participation of numerous new products and advanced technologies in real estate, construction, building materials, and interior and exterior design. More than 1,000 pavilions of over 400 domestic and foreign companies from Australia, China, France, the UK, Germany, India, Italy, and Japan display their products and technologies at Vietnam's largest construction exhibition. Delegates cut the red ribbon to open the exhibition. Photo: moc.gov.vn Speaking at the opening ceremony, Deputy Minister of Construction Nguyen Van Sinh said that the event, themed "Construction - Building Materials - Real Estate & Interior and Exterior Decoration", aims to support enterprises in … [Read more...] about Vietbuild Hanoi International Exhibition 2023 expected to revive real estate