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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

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

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

Accelerated government spending is expected to boost demand in the remaining months of the year. ADB’s Principal Country Economist Nguyen Ba Hung shared his thoughts on Vietnam’s economic performance and its prospects for 2023 with The Hanoi Times. ADB’s Principal Country Economist Nguyen Ba Hung. What is the primary obstacle confronting Vietnam's economy for the remainder of the year? In the first half of 2023, Vietnam experienced a slowdown in GDP growth, with growth projected at only 3.7% compared to the positive momentum seen last year, when GDP grew 6.5% in the first half and 9.5% in the second half, resulting in an annual growth rate of 8% for the whole of 2022. One factor contributing to GDP growth in recent years has been public investment's sustained and steady growth. However, significant internal challenges have emerged during the Covid-19 pandemic. Vietnam's economy heavily relies on exports and foreign direct investment (FDI) … [Read more...] about Public investment as catalyst for Vietnam’s economic recovery in 2023: ADB

The Vietnamese women's national volleyball team celebrates after beating the RoK. (Photo: VNA) Hanoi (VNA) - The Vietnamese women's volleyball team showed a remarkable comeback to defeat the former Asian champions, the Republic of Korea (RoK), and secure a berth in the quarter-finals of the 19th Asian Games (ASIAD 19) in China on October 1. In a thrilling match, Vietnam emerged victorious with a 3-2 (16-25, 22-25, 25-22, 25-22, 15-11) win. This victory against the RoK mirrored a similar comeback that Vietnam achieved against the same team in the Asian Women's Volleyball Championship 2023 in August. The triumph not only propelled the Vietnamese team into the second round of ASIAD 19's women's volleyball as the Group C winners but also positioned them one step away from the semi-finals, a historic achievement. In their opening match of Group C, Vietnam demonstrated their dominance by overpowering Nepal in just 55 minutes, securing a 3-0 (25-4, 25-16, 25-13) win. Although … [Read more...] about Vietnamese women’s volleyball team advances to quarter-finals of ASIAD 19

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