Local plastic companies

A component warehouse of a support company in Đồng Nai Province. The industry has around 5,000 companies up and running currently. — VNA/VNS Photo Hồng Đạt Việt Nam's support industry has grown steadily over the past decade to around 5,000 companies, producing components for domestic demand and exports. That remark was made by Phạm Tuấn Anh, Deputy Director General of Industry Agency, Ministry of Industry and Trade, at the workshop "Easing hurdles and boosting the resilience of the support industry" on Friday. He said the companies spared no effort in capacity-building to move up the supply chain. Around 100 had become tier-1 vendors for multinational heavyweights, and 700 had established themselves as tier-2 and tier-3. "Of the companies, Samsung has chosen about 50 as its tier-1 and 170 as tier-2," said Anh. Their growing roles in the supply chain led to higher ratios of made-by-Vietnam components being used in assembly lines. For instance, the ratios have reached between … [Read more...] about Measures to move support industry forward

Lego found that bricks made from recycled polyethylene terephthalate (RPET), would lead to higher carbon emissions. "We tested hundreds and hundreds of materials. It's just not been possible to find a material like that," Lego Chief Executive Niels Christiansen told the Financial Times. Reuters was not able to independently verify the details of the FT report. Lego did not immediately respond to Reuters ' request for comment. Lego had earlier pledged to replace oil-based plastic bricks with ones made from sustainable materials by the end of the decade. The company had kicked off efforts in 2020 to replace its plastic bricks by sustainable materials. The difficulty was to find a material that would be environment friendly but give the same color, shine and sound of an oil-based plastic bricks. … [Read more...] about Lego abandons effort to make oil-free bricks, Financial Times reports

The European Union is slated to pilot the Carbon Border Adjustment Mechanism (CBAM) from October, aligned with its vision of achieving carbon neutrality by 2050. How do you anticipate the CBAM to impact Vietnam? Melissa MacEwen, sustainability and circular economy director for PwC in Asia-Pacific There are five key sectors under which products are going to be affected, and when products from those areas are imported into the EU, there will be checks based on emissions intensity. This will require independent verification, something which Vietnamese enterprises must prepare for. There are regulations in Vietnam regarding reduction of greenhouse gas emissions and protection of the ozone layer, but they do not yet include independent verification. The CBAM is also an opportunity to keep money within the country. Taking Thailand as an example, this country actually already responded to the potential impact of the CBAM on its sectors and is applying a tax on the same … [Read more...] about Businesses becoming active in the circular economy

The Red Sea's spectacular coral reefs face a new threat, marine biologists warn -- the mass death of sea urchins that may be caused by a mystery disease. Because the long-spined creatures feed on algae that can suffocate corals, their die-off could "destroy our entire coral reef ecosystem", warned scientist Lisa-Maria Schmidt. In Israel's Red Sea resort of Eilat, which borders Jordan and Egypt, Schmidt recalled the moment she and her colleagues first witnessed the population collapse. "When we jumped into the water, all of a sudden all those specimens we used to see before were gone, and what we saw was skeletons and piles of spines," she told AFP . The team had first heard reports in January that a sea urchin species off Eilat was dying rapidly, so they went to a site known for an abundance of the species Diadema setosum. They first thought that local pollution could be to blame. But, within two weeks, the spiny invertebrates also started dying down the coast, including … [Read more...] about Red Sea corals threatened by mystery sea urchin deaths

MobiFone plays an essential role in Vietnam’s information infrastructure Facing unprecedented challenges in a rapidly changing digital landscape, MobiFone has emphasised enhancing service quality and customer-centricity. After 30 years in business, the company boasts nearly 100,000 BTS stations. Concurrently, MobiFone has seamlessly integrated 5G technology into its repertoire, spearheading commercial broadcasts and ensuring expansive 5G coverage in strategic locales with nearly 100 broadcasting stations. Ranked among the Top 100 most valuable telecom brands globally by Brand Finance 2023, MobiFone has shifted its focus from traditional telecommunications to emerging digital services. The company’s forward-thinking strategy is evident in its expansive digital ecosystem, offering solutions like mobiEdu for digital education, smart radio broadcasting, digital healthcare, digital finance through e-wallets, and MobiFone Money. These digital forays cater to Vietnamese … [Read more...] about MobiFone’s three decades of dedication

Vice Chairman of the Hanoi People’s Committee Nguyen Manh Quyen (R) and Mayor of Shenzhen Qin Weizhong. (Photo: hanoi moi.com.vn) Hanoi (VNA) – Shenzhen city of China wishes to further promote economic and trade relations with Vietnamese localities, including the capital city of Hanoi, especially in investment, 5G technology, new energy vehicles (NEV), wind power, and renewable energy, said Mayor of Shenzhen Qin Weizhong. During a meeting with Vice Chairman of the Hanoi People’s Committee Nguyen Manh Quyen in Hanoi on September 18, Qin, who is also Deputy Secretary of the Shenzhen Municipal Party Committee, briefed the host on the Chinese city’s development. Shenzhen's GDP reached 500 billion USD in 2022, while its industrial production topped localities across China. Shenzhen has also witnessed the formation and development of big high-tech enterprises, such as Huawei, Tencent, and BYD automobile companies. It is also the headquarters of 11 firms in the global Top … [Read more...] about Hanoi, China’s Shenzhen look to beef up multifaceted cooperation

Douglas Feagin, Senior Vice President of the Ant Group and Monsinee Nakapanant, Co-president of Ascend Money Co, the operator of TrueMoney. (Photo: Bangkokpost.com) Bangkok (VNA) - TrueMoney, a leading fintech company in Thailand, has partnered with Ant Group of China to launch cross-border mobile payments between Thailand and China, allowing Thai tourists to use TrueMoney e-wallet to make payments to tens of millions of merchants in China. Cross-border payments are powered by Alipay cross-border mobile payment ecosystem with more than 10 million payment points in China. Alipay provides marketing and digitalisation solutions, and is operated by the Ant Group, a financial technology giant. Monsinee Nakapanant, Co-president of Ascend Money Co, the operator of TrueMoney, said the cooperation with the Ant Group marks a significant milestone in the company's streamlining of cross-border payments to make it as effortless internationally as it is for domestic users. There are 28 … [Read more...] about Thai, Chinese firms tie up in cross-border payment

The construction began in July 2023 with a length of 6 meters and a width of 4.5 meters. The total cost of the project  was over VND 500 million, which was sponsored by the Minh Ha Construction Limited Company (located in Bac Ly ward, Dong Hoi city). Throughout the construction process, the Quang Binh Provincial Military Command directed affiliated units to mobilize over 1,000 working days to complete the construction. Bong Lai I and Bong Lai II hamlets in Hung Trach commune, Bo Trach district, consist of nearly 400 households with over 1,460 residents. This area is characterized by complex terrains and is often isolated by water during the rainy season. The civil bridge will contribute to facilitating the travel of local residents and students, and improving their material and spiritual well-being. It will also promote the potential and advantages of the local area in support of the "whole-country joins hands to build new-style rural areas" in the 2021-2025 period. … [Read more...] about Civil bridge inaugurated in Quang Binh

That is why InterContinental made a splash in the hospitality industry on September 15 when it announced its first valley resort project in Vietnam. InterContinental Thanh Xuan Valley Resort, which is set to become operational in 2027, is located at the heart of the Thanh Xuan Valley tourist urban area, north of Hanoi. The resort will be situated near Dai Lai Lake, less than a 60-minute drive from the downtown of Hanoi. It boasts easy access to the capital region, which is an important strategic position in industrial and commercial tourism development. The resort is nestled inside a 170-hectare complex that includes a high-end residential area, a park, a 10-kilometre trekking route, a zipline among the pine forest, a bustling downtown, and healthcare and education amenities. With convenient access to on-site amenities, InterContinental Thanh Xuan Valley Resort is qualified as a truly rare destination resort in the northern region. The unique rooms on trees at … [Read more...] about Factors that make Thanh Xuan Valley catch the eye of InterContinental

The new venue will be the second in France after the first in the medieval city of Provins, Ile-de-France. An exhibition space will be set up in Toulouse, France, to promote the value of artifacts and the Thang Long Imperial Citadel to local people and visitors, according to Nguyen Hong Chi, deputy director of the Thang Long Heritage Conservation Center, Delegates take a group photo at the Thang Long Imperial Citadel on September 23. Photo: Thang Long Heritage Conservation Center. The idea is part of a series of joint activities between Hanoi and Toulouse in heritage conservation , Chi said, adding that the space, the second in France, will be open to the public in November and will attract more international visitors to Hanoi, especially French ones. In heritage preservation, the center has been working with agencies in Ile-de-France since 2013 and opened a similar space in the medieval city of Provins, she said at a seminar on September 23. "The … [Read more...] about Toulouse opens new venue to display artifacts from Thang Long Citadel