Meaningful use incentive payment

ACB and DHL at the signing ceremony. — Photo courtesy of DHL Asia Commercial Joint Stock Bank (ACB) has become the first bank in Việt Nam that has signed a contract to use DHL's GoGreen Plus service to reduce carbon emissions for their international delivery shipments through the use of sustainable aviation fuel (SAF). By applying GoGreen Plus Service, the bank estimates it can reduce up to 14 tonnes of CO2 emissions a year. The emission reduction process is certified annually by a third independent company – Société Générale de Surveillance (SGS). In addition, an additional carbon footprint report will be updated monthly that will detail ACB's total emissions in partnership with DHL Express. Ngô Tấn Long, Deputy General Director of ACB, said ACB offers top-notch international payment services and partners with DHL to provide eco-friendly options that promote sustainable development. In 2022, ACB recorded that 93 per cent of staff were eager to work with the bank to … [Read more...] about ACB and DHL Express cooperate to reduce carbon emissions in international express delivery

For Thien, the official visit to Vietnam by U.S. President Joe Biden earlier this month was not only an important event between Vietnam and the U.S., but a memorable milestone in his life. At the National Assembly Building on September 11, Thien received his war diary lost during a battle in Tay Ninh that borders HCMC in 1967, as witnessed by Biden and National Assembly chairman Vuong Dinh Hue. "I couldn’t have imagined ever receiving my lost diary from the war around 60 years ago. It was truly surprising and moving. For me, it was an invaluable relic," said Thien, 75. Thien was born in northern Thai Binh Province and joined the army in 1965, at the age of 17. He brought with him a diary to recount what happened during his march into the southeastern Vietnam battlefield. "I want my descendants to know how their forefathers used to face dangers and hardship," he said. He would often sit down and write in his diary one or two days into the march, or when emotions ran … [Read more...] about How a Vietnam War diary found its way home after 56 years

Nguyen Thanh Hong, director of the Quang Nam Province Department of Culture, Sports and Tourism, said an inspection was done of tourist accommodation establishments in Hoi An on September 11 and a number of hotels were found proclaiming four- and five-star status without designation as such by authorities. They were also found using misleading advertising, he said. They included Le Pavillon Luxury Hoi An Resort & Spa, Allegro Hoi An Little Luxury Hotel & Spa, Koi Resort & Spa Hoi An and Bellerive Hoi An Hotel & Spa. Quang Nam authorities said Le Pavillon Luxury Hoi An Resort & Spa has not received any star rating but claimed to be a four-star establishment on signboards outside, its official website and travel sites. It has since removed the signs at the gate. Inspectors also found these hotels have been advertised as four-star or five-star rating on online room booking platforms, such as Agoda and Booking. Pham Hong Phuoc, marketing manager of … [Read more...] about Hoi An hotels hauled up inflating star ratings

On September 21 in New York, the US, Vietnamese Prime Minister Pham Minh Chinh met with top executives from global giants, including Apple. At the meeting, Nick Ammann, Apple vice president of global policy, said, "Vietnam is a very important market and production area for Apple. There is a lot of potential for cooperation given the outstanding growth in production scale and export value of Apple products in Vietnam during this challenging period. This affirms the group's trust in the Vietnamese market." "Apple is very interested in Vietnam's clean energy strategy and wants its suppliers in Vietnam to gain access to clean energy. At the same time, Apple wants to engage in HR development and training, especially for software development," he said. Apple's suppliers, such as Lux Share, Foxconn, Compal, and GoerTek, operate 32 factories in Vietnam. These factories create jobs for 160,000 workers producing and assembling components for Apple products. PM Chinh … [Read more...] about Apple deems Vietnam an important market and production hub

World Wellness Weekend (WWW) is considered one of the largest wellness campaigns in the world, with the participation of more than 6,000 organisations and individuals in 147 countries and territories, with the message "Wellness for all - Healthy living for everyone." General manager of Garrya Mu Cang Chai Hylton Lipkin (yellow shirt) and associates Celebrating WWW this year, were the top brands of Banyan Tree Group, including Garrya Mu Cang Chai – a new resort brand in Northern Vietna expected to launch in early 2024; and Banyan Tree Lang Co - the most luxurious resort on the central coast of Vietnam, known for its core values of wellbeing. In the Northwest mountain area of Vietnam, with the guidance of Hylton Lipkin, general manager of Garrya Mu Cang Chai, also the ambassador of WWW in Vietnam, the attendees had a meaningful weekend. Not only organising meditation and yoga activities, this was also an opportunity for Garrya Mu Cang Chai to offer the bustling … [Read more...] about Banyan Tree Group celebrates World Wellness Weekend

The 172-room hotel – HIIVE by Fusion Binh Duong – is located in Vietnam-Singapore Industrial Park 1 in Thuan An of Binh Duong province. Created for business travellers around industrial and logistic hubs, the hotel is near AEON Mall, Song Be Golf Resort, and just an hour from Ho Chi Minh City’s international airport. The opening of HIIVE by Fusion Binh Duong will mark the new brand’s Southeast Asia debut With interiors and facilities to support both work and leisure travel, the HIIVE hotel features spacious rooms for longer stays, flexible meeting rooms, coworking spaces, an all-day dining restaurant, a sports bar, a golf simulator, a 24-hour fitness centre, and guest laundry facilities on every floor. “There has been a steady increase in foreign investment and business travel into Vietnam, with Binh Duong quickly emerging as a main manufacturing hub located just outside Ho Chi Minh City,” said Christopher Hur, president of Lodgis Hospitality, the parent company of … [Read more...] about Fusion Hotel Group launches business hotel brand

Headquarters of the State Bank of Vietnam (Photo: VNA) Hanoi – The Bank for International Settlements (BIS) will continue to accompany and support the State Bank of Vietnam (SBV) in investing in payment and financial infrastructure development and promoting digital transformation, contributing to improving risk management in the local banking sector, stated BIS General Manager Agustin Carstens. Carstens made the statement at a meeting with Politburo member and Chairman of the Party Central Committee’s Economic Commission Tran Tuan Anh in Hanoi on September 21. Welcoming Carstens on his first visit to Vietnam as BIS General Manager, Tuan Anh thanked the organisation for its support for the SBV in joining and familiarising itself with BIS cooperation mechanisms. After three years of membership, the SBV has proactively participated in BIS activities and implemented its recommendations in the banking sector. He proposed that BIS continue to enhance its role in developing payment … [Read more...] about BIS pledges support for Vietnam in banking infrastructure development, digital transformation

Industrial Centre YP2C is scheduled to be completed in the second quarter of 2024 and will feature 34,500 sq.m of high-quality industrial and logistics space Industrial Centre YP2C is scheduled to be completed in the second quarter of 2024 and will feature 34,500 square metres of high-quality industrial and logistics space designed in accordance with Frasers Property’s premium estates concept that reflects its commitment to healthy, sustainable, and high-performing industrial assets. The 3-in-1 multi-functional industrial space will seamlessly integrate showroom, office, and production assemblies with 7,000sq.m dedicated to a green recreation park and on-site service centre to support occupier wellbeing in the estate. According to Lim Hua Tiong, CEO of Frasers Property Vietnam, Bac Ninh is a strategic manufacturing hub in the northern key economic zone that is contributing to Vietnam’s push to move up the value chain. Nguyen Trong Hien, chairman of GELEX Group, stated, said … [Read more...] about Frasers Property Vietnam and GELEX Group break ground on Bac Ninh project

Lam Nguyen Hoang Thao, senior associate at law firm Russin & Vecchi The central provinces of Thanh Hoa and Nghe An are looking for the government’s green light to convert some coal-fired power projects into liquefied natural gas (LNG) -to-power one. How do you think this trend is panning out in Vietnam so far? I believe that the trend of converting coal-fired power to LNG-to-power plants in Vietnam is a very positive development. The Power Development Plan VIII (PDP8) called for a reduction in the use of coal and an increase in the use of cleaner fuels. The nation’s goal is to make the transition to green, renewable energy including solar, wind, biomass, ammonia, hydrogen, and nuclear energy. However, the road to reach these goals is still long and uncertain. Vietnam still has limited ability to supply energy from biomass and green ammonia due to the limitation of technology, expertise, and due to the related high production costs. Similarly, with hydrogen, the … [Read more...] about The key factors to take into account for switch to LNG

Prime Minister Pham Minh Chinh has a seminar and a working dinner with leaders of multinational businesses and leading US investment funds in New York on September 21 (local time) (Photo: VNA) Hanoi (VNA) – Prime Minister Pham Minh Chinh, who is in the US for the high-level week of the UN General Assembly’s 78th session, had a seminar and a working dinner with leaders of multinational businesses and leading US investment funds in New York on September 21 (local time). At the seminar, leaders of businesses and investment funds as well as Vietnamese State management agencies discussed measures and orientations to attract more financial resources for socio-economic development, especially the building and development of financial centres in Vietnam. Leaders of US investment funds held that amid fluctuations in the world geo-political and economic situation, Vietnam has been evaluated by international organisations as a bright spot in investment attraction with many … [Read more...] about US investment funds appreciate potential of Vietnam