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Also in attendance were Major General Dang Van Lam, Deputy Commander of Military Region 7, the delegation of Binh Duong province’s National Assembly deputies, and representatives from the General Staff of the Vietnam People's Army, among others. In 2023, the Minister of National Defense decided to provide financial support for the construction of 5 gratitude houses and the distribution of gifts to policy beneficiaries in Binh Duong province. Following the defense minister's decision, the provincial military command has collaborated with the local authorities to select policy beneficiaries and families facing difficulties in the province to build houses and present gifts to them. The handover ceremonies of these 5 houses were conducted during the 76th anniversary of the Wounded Soldiers and Martyrs' Day on July 27. On this occasion, the Ministry of National Defense also gave 100 gift packages to policy families and those facing difficulties in the province. Speaking at the … [Read more...] about Defense leader presents gifts to policy beneficiaries in Binh Duong

Customers shop at a WinMart store belonging to Masan Group. Masan announced on October 2 that Bain Capital, a global private investment firm, has agreed to invest at least $200 million in its equity at a price of VNĐ85,000 per share. — Photo courtesy of Masan Group. Masan Group Corporation (HOSE: MSN) announced on October 2 that Bain Capital, a global private investment firm with assets worth US$180 billion under management, has agreed to invest at least $200 million in its equity at a price of VNĐ85,000 per share. The money will be used to strengthen the company’s financial position and deleverage its balance sheet. This marks Bain Capital’s first ever investment in Việt Nam and underscores its confidence in Masan’s ability to grab the immense opportunity offered by 100 million Vietnamese consumers’ daily grocery, financial and other life needs. The investment will be in the form of Convertible Dividend Preference Share (CDPS) which can be converted into ordinary shares at a … [Read more...] about Bain Capital leads Masan’s equity funding round of up to $500 million

Vietnam has received 41.2 million USD, equivalent to 80% of the total funding, from the World Bank for 10.3 million tonnes of CO2 as a result of its efforts to reduce carbon emissions in deforestation and forest degradation until 2025.(Photo: kinhtenongthon.vn) Hanoi (VNA) – Vietnam has received 41.2 million USD , equivalent to 80% of the total funding, from the World Bank for 10.3 million tonnes of CO2 as a result of its efforts to reduce carbon emissions in deforestation and forest degradation until 2025, according to Director of the Forestry Department under the Ministry of Agriculture and Rural Development (MARD) Tran Quang Bao. At a workshop held in Hanoi on September 27, Bao said under the Emission Reductions Payment Agreement (ERPA) signed between Vietnam and the World Bank’s Forest Carbon Partnership Facility (FCPF) in October 2020, Vietnam could receive up to 51.5 million USD if the country is able to reduce 10.3 million tonnes of carbon dioxide emissions from six … [Read more...] about Vietnam gets 41.2 million USD in emission reduction payments

Cao Tường Huy (right), the Acting Chairman of the People’s Committee of Quảng Ninh, talks to Richard Sell (left), General Director of HAECO Group. — Photo baoquangninh.vn HAECO Electrical Mechanical Group (HAECO), one of the world’s leading aircraft engineering and maintenance service providers, aims to invest in the aviation industry in Quảng Ninh Province. In the meeting with the province's leader on Saturday, Richard Sell, General Director of HAECO Group, said he was impressed with the remarkable development of Quảng Ninh and revealed intention to conduct research and invest in the province. According to Cao Tường Huy, the Acting Chairman of the provincial People’s Committee, Quảng Ninh is home to the Vân Đồn airport, but the province's aviation logistics infrastructure is still underdeveloped despite being a prioritised sector. Therefore, Huy suggested a collaboration between HAECO and Sun Group, the investor in Vân Đồn Airport, to soon deploy the logistics project. The … [Read more...] about HAECO eyes aviation investment in Quảng Ninh Province

Acting Chairman of the Quang Ninh provincial People’s Committee Cao Tuong Huy (R) and General Director of HAECO Group Richard Sell. (Photo: baoquangninh.vn) Quang Ninh (VNS/VNA) - HAECO Electrical Mechanical Group (HAECO), one of the world’s leading aircraft engineering and maintenance service providers, aims to invest in the aviation industry in Quang Ninh province . In a recent meeting with the province's leaders, Richard Sell, General Director of HAECO Group, said he was impressed with the remarkable development of Quang Ninh and revealed intention to conduct research and invest in the province. According to Cao Tuong Huy, Acting Chairman of the provincial People’s Committee, Quang Ninh is home to Van Don airport, but the province's aviation logistics infrastructure is still underdeveloped despite being a prioritised sector. Therefore, Huy suggested a collaboration between HAECO and Sun Group, the investor in the Van Don Airport, to soon deploy the logistics project. … [Read more...] about HAECO eyes aviation investment in Quang Ninh province

On the stage of the HAY music festival last Saturday, the group said they were "happy to be here and really regret that they didn’t come to Vietnam sooner". "We will 100% come back to Vietnam next year. We love you all," they said. Tablo, the leader of the group, also expressed his love for Vietnam. "It took me 30 hours but finally I arrived in Vietnam. From this moment, Vietnam will be our far away home." This is the first time that Epik High performed in Vietnam. On the stage, the members wore conical hats and interacted frequently with the local fans. They performed nine of their hits including hits like "No Thanxxx", "One", and "Rain Song". The HAY Glamping Festival took place over the weekend, with the main event on Sunday at Yen So Park, Hanoi. The headliners for the event were Epik High and Irish singer Ronan Keating, member of boyband Boyzone. Other acts included local artists like Suboi, JustaTee, Chillies, Microwave and Hoang Dung. Epik High, formed in 2001, … [Read more...] about South Korean hip-hop trio Epik High regret not visiting Vietnam sooner

Ba Huan has pioneered the application of FPT's modern and comprehensive digital technology system to transform its purely agricultural model. Thanks to this digital transformation, Ba Huan is aiming to keep pace with development trends globally and become a leading food solution provider in Vietnam. The digital transformation platform, developed by FPT applications with an SAP core system, is designed to help Ba Huan's board of directors manage in real-time and create a seamless management process with strict oversight over every stage. FPT's successful deployment of its closed management feed-farm-food system for Ba Huan includes the in-depth RISE with SAP solution set for the agricultural industry, with three sets of packaging solutions on the SAP platform, and three made by FPT applications. They are being applied across the entire Ba Huan network, including at its headquarters, factories, and subsidiaries located in Ho Chi Minh City, Binh Duong, Long An, and Hanoi. … [Read more...] about Ba Huan runs on real-time data thanks to SAP and FPT

An oil rig of Petrovietnam (Photo: VietnamPlus) Hanoi (VNA) – Forty-eight years since its establishment, the Vietnam Oil and Gas Group (Petrovietnam) has become a multi-billion-dollar enterprise and made breakthrough and comprehensive development strides. Petrovietnam was set up on September 3, 1975 with the goal of helping guarantee national energy security and serving as a pillar of economic support for national development. Shortly after the date of national reunification (April 30, 1975), on September 3 the same year, the Vietnam General Department of Oil and Gas, the predecessor of Petrovietnam , was established under the Council of Government in efforts to realise late President Ho Chi Minh’s aspiration to develop an oil and gas industry of the country. Nearly half a century has passed, Petrovietnam has managed to master the most cutting-edge technologies and build a complete oil and gas industry. From 1986 to 2022, it posted more than 400 billion USD in total … [Read more...] about Petrovietnam in step with 48 years of national development

Masan is operating 3,500 supermarkets and convenience stores nationwide. (Photo: VNA) Hanoi (VNA) - Vietnamese conglomerate Masan Group on October 2 said it has secured funding of at least 200 million USD from Bain Capital , one of the world’s leading private investment firms with approximately 175 billion USD in assets under management. The investment would be in the form of convertible dividend preference share at a price of 85,000 VND (3.5 USD) per share which can be converted into ordinary shares at a 1:1 conversion ratio, Masan said in a statement, adding that proceeds would be used to strengthen its financial positions. Danny Le, General Director of Masan Group , said Masan wishes to cooperate with Bain Capital to promote its vision in which consumers are put at the centre, thus becoming a platform serving their daily needs. Barnaby Lyons, a leader of Bain Capital, noted his belief that Masan has many solid foundations, and a suitable vision and growth … [Read more...] about Vietnam’s Masan Group secures 200 million USD investment from Bain Capital

UB office in Batu Kawan Penang, Malaysia UBCT, which on September 29 was rebranded to UB Group, was founded in 1995 in an attempt to revolutionise inventory tracing in the semiconductor industry. The company embarked on a transformative journey, starting with a focus on specialised machine servicing within the molding industry. By 2006, the company transitioned into research and development, specialising in material management systems and development for the semiconductor Industry. Over the years, it evolved and expanded, introducing innovative software solutions for dashboards and command centres and successfully implementing total lights-off manufacturing solutions in collaboration with their Shanghai counterpart. In 2017, the company shifted its focus to cutting-edge automated warehouse solutions. Subsequently, a new division emerged, dedicated to AI and autonomous robotic solutions, embracing the future of automation. The rebranding to UB Group this year reflects its … [Read more...] about UB’s Smart Solutions for Industrial 4.0