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The fact that the visit to Vietnam this time has the largest number of US companies ever indicates a shift in the investment wave to Vietnam and other ASEAN countries. A delegation of 52 US major corporations has come to Vietnam to seek investment opportunities and cooperation in high-potential fields such as innovation, the digital economy, and the space industry. Overview of the press briefing. Photo: HT The information was revealed at a press conference held by the US-ASEAN Business Council (USABC) on March 21, noting that the trip marks the 10th anniversary of the Vietnam-US Comprehensive Partnership. Senior executives from 52 U.S. companies, including Boeing, Lockheed Martin, SpaceX, Netflix, Apple, and Ford, will meet with Prime Minister Pham Minh Chinh, Chairman of the National Assembly Vuong Dinh Hue, and heads of various ministries to discuss policies related to sales, supplies, and investment opportunities. Ted Osius, President and CEO of the … [Read more...] about Largest-ever US business delegation seeks investment opportunities in Vietnam

Senior executives from 52 US firms are taking part in the biggest business mission ever organised by the US-ASEAN Business Council (USABC) to Vietnam this week as the two countries mark the 10-year anniversary of their Comprehensive Partnership (2013-2023). Ted Osius, president and CEO of the USABC, noted US firms have an increasing interest in ASEAN, especially in Vietnam, amid global economic difficulties, adding this is a vibrant and growing area. “American companies are seeing strong trends in the expansion of a global manufacturing hub and supply chain in Vietnam in such industries as semiconductors, fast-moving consumer goods, agriculture, the digital economy, finance, and healthcare. The US business community is also seeing renewed interest to cooperate in the aerospace, defence, and security sectors,” said Osius. Among them, Elon Musk's SpaceX is looking for opportunities to develop the satellite internet service market in Vietnam and the region in general. … [Read more...] about Largest-ever US trade delegation seeks more trade and investment

The Mayor of Daegu, Hong Joon Pyo (right) and Chairman of Trungnam Group Nguyen Tam Thinh at the signing ceremony. — Photo courtesy of Trungnam Group On March 16, the Mayor of Daegu City, Hong Joon Pyo, visited Da Nang City. On this occasion, the representative of Daegu City signed a memorandum of understanding (MoU) with Trungnam Group - one of the largest energy corporations in Viet Nam, to promote the development of renewable energy and technology industries. With a plan to promote business connections and cooperation between the two countries in the fields of energy and information technology, the two sides signed the new agreement to open up new opportunities for Korean businesses to explore and invest in Da Nang City and Trungnam Group. Trungnam Group is a leading investor in Viet Nam in renewable energy, infrastructure, construction, real estate, and information technology. Trungnam Group has implemented many large-scale projects in localities throughout the country, … [Read more...] about Trungnam Group and Daegu city sign comprehensive cooperation agreement

Vietnam considers the US as one of its most important partners and welcomes the US to support a strong, independent, and prosperous Vietnam. Vietnam aims to enhance the Comprehensive Partnership with the US, focusing on mutually beneficial outcomes that generate employment opportunities and growth for both nations. Overview of the meeting. Photos: Nhat Bac “Such an effort would contribute to supporting global and regional stability, cooperation, and development while promoting peace and harmony.” Prime Minister Pham Minh Chinh stressed the remarks during a meeting with a delegation of the US-ASEAN Business Council (USABC) today [March 22]. At the meeting, Chinh welcomed a delegation of over 50 large US enterprises to visit and work in Vietnam, coinciding with the 10th anniversary of the Vietnam-US Comprehensive Partnership (2013-2023). The Prime Minister expressed gratitude to the US Government and businesses for their support in providing vaccines and … [Read more...] about Vietnam continues to push for stronger ties with US: PM

A model of the LEGO factory in Binh Duong Province. The factory would have solar panels on its roof and a nearby solar farm. — VNA/VNS Photo Chi Tuong As Viet Nam has made a strong commitment to carbon emission neutrality by mid-century, foreign direct investments in the country have begun to go green to join the efforts. One such investment was the new LEGO factory in Binh Duong Province, which is currently under construction. LEGO Group said it aims to bring the factory up to the LEED Gold standard, which covers all areas of sustainability including energy, water, and waste. The factory will be designed to accommodate electric vehicles and be geared toward energy-efficient equipment. The factory will also feature solar panels on its roof and a solar farm in close proximity. Combined, these solar facilities will generate enough energy to meet the factory's full power needs. LEGO Group also said it had been planting 50,000 trees in three years to compensate for the … [Read more...] about FDI projects go green

A model of the LEGO factory in Bình Dương Province. The factory would have solar panels on its roof and a nearby solar farm (Photo:VNA) Hanoi (VNS/VNA) - As Vietnam has made a strong commitment to carbon emission neutrality by mid-century, foreign direct investments in the country have begun to go green to join the efforts. One such investment was the new LEGO factory in southern Binh Duong province, which is currently under construction. LEGO Group said it aims to bring the factory up to the LEED Gold standard, which covers all areas of sustainability including energy, water, and waste. The factory will be designed to accommodate electric vehicles and be geared toward energy-efficient equipment. The factory will also feature solar panels on its roof and a solar farm in close proximity. Combined, these solar facilities will generate enough energy to meet the factory's full power needs. LEGO Group also said it had been planting 50,000 trees in three years to … [Read more...] about Foreign direct investment projects go green

Could you shed some light on the latest partnership between De Heus, Bel Ga, and Green Roof? On March 2, De Heus, Bel Ga and Green Roof signed an MoU to establish a partnership and cooperation to develop a 20 MWp solar rooftop portfolio. This solar rooftop portfolio is the largest of its kind in 2023 in the country. It will cover all feed mills and swine GGP farms of De Heus, and the Bel Ga poultry parent stock farms and hatcheries. In total, more than 30 locations will be covered across 19 provinces in Vietnam. Vietnam has made a pledge to achieve net-zero by 2050. How will this partnership help? The mentioned solar rooftop portfolio is projected to generate more than 28 million kWh of clean energy and prevent more than 22,500 tons of carbon emissions each year. This is comparable to the annual CO2 absorption capacity of 1 million mature trees, or offsetting the emission of 5,000 cars per year. We expect our partnership will strongly inspire and motivate more … [Read more...] about De Heus and Bel Ga fulfill commitments to sustainability with solar rooftop portfolio

The annual forum, co-organized by the Vietnamese Ministry of Planning and Investment and the World Bank Group’s International Finance Corporation (IFC), serves as an uninterrupted and close dialogue mechanism between the Government and the domestic and foreign business communities in order to improve business conditions to promote the development of the domestic private sector and facilitate the investment environment, thus contributing to Vietnam's sustainable economic growth. In her opening remarks, MPI Deputy Minister Nguyen Thi Bich Ngoc said throughout its 25-year history, VBF has always adhered to the goal and mission of acting as a bridge between the business community and Government agencies. Through the forum, the business community has provided feedback and recommendations to improve the business and investment environment and promote sustainable socio-economic development, while constantly renewing their vision and operation methods towards paying greater attention to … [Read more...] about 2023 Vietnam Business Forum focuses on green growth

H.C. Starck Tungsten Powders (H.C. Starck), a member of Masan High-Tech Materials Corporation, now offers special tungsten powders and complementary innovation services for 3D printing (also known as "additive manufacturing") under the 'starck2print' trademark. High flow ability and optimized particle size distribution make the powders particularly suitable for additive manufacturing processes such as powder bed-based laser beam melting and selective electron beam. Complementing existing products, H.C. Starck also develops special blends to meet individual customers' specific needs within the framework of application technology cooperation. Sustainability H.C. Starck's "starck2print" powders are produced by reducing tungsten oxide in a hydrogen atmosphere. This particularly efficient process makes for consistent production quality at customers’ facilities thanks to the products’ consistently high purity. The over-100-year-old company's extensive recycling expertise also … [Read more...] about Masan High-Tech Materials introduces tungsten powders for 3D printing

President Vo Van Thuong thanked Australia for being the second largest donor of COVID-19 vaccines to Vietnam with 26.4 million doses, thus helping the country drive back the pandemic and recover socio-economic development. He said two-way trade between the two countries hit USD 16.1 billion last year. With 579 projects worth nearly USD 1.98 billion, Australia ranked 20th out of 139 countries and territories investing in Vietnam. During the 2022-2023 fiscal year, Australia increased the supply of official development assistance to Vietnam by 18% and assisted the country in development cooperation projects, especially in improving livelihoods and clean water supply. In particular, Australia assisted Vietnam in United Nations peacekeeping missions. Speaking highly of the Australian Government’s scholarship programs, President Vo Van Thuong said a number of Australian educational establishments have contributed to the training of Vietnamese management officials. The host suggested … [Read more...] about Vietnam values strategic partnership with Australia: President