The new Sunny Automotive Optech Vina project will be developed over 43 hectares in WHA Industrial Zone 1 in Nghe An . The factory will specialise in producing cameras for both mobile phones and vehicles, as well as other electronic devices. The factory is slated to go into operation in the fourth quarter of 2025, and once completed, is expected to generate jobs for 20,000 people. Sunny Group has been researching and exploring the investment site in Nghe An since July 2023. After two months, the Chinese group decided to make an investment in the locality. In March 2023, Sunny shared its plan to invest up to $2.5 billion in the northern province of Thai Nguyen, which is expected to generate $5 billion in annual revenue and create jobs for 15,000 local people. Excluding the latest investment in Nghe An, Sunny Group has already invested $130 million in four projects in Vietnam, namely Sunny Opotech, Sunny Automotive, Sunny Infrared, and Sunny Opotec. These projects produce … [Read more...] about Sunny Group to build $150-million factory in Nghe An
Murray hill medical group
Cultural space of Vietnam’s 54 ethnic groups presented on “digital museum”
Photos of more than 60 colourful traditional costumes of various ethnic groups across Vietnam are being displayed on Google Art and Culture platform. (Google screenshot) Hanoi (VNA) - A collection of hundreds of high-quality photos depicting the culture and life of 54 ethnic minority groups across Vietnam is being on display for the first time on the global digital platform , Google Arts & Culture. The exhibition, titled "Precious Heritage Art Gallery Museum" by French photographer Réhahn Croquevielle, includes vibrant photos showcasing over 60 colourful traditional costumes from various ethnic groups such as Dao, Bo Y, O Du, Phu La, La Hu, Pu Peo, Pa Then, and Si La. It also features interesting stories and unique artefacts that the author collected during his journey throughout Vietnam, discovering the beauty of the country and its people. Information on each photo is provided in Vietnamese, English, and French. Images of 54 ethnic groups living in the … [Read more...] about Cultural space of Vietnam’s 54 ethnic groups presented on “digital museum”
DTS Group, Klaytn to organize ‘Ignite on Klaytn’
Ignite on Klaytn is part of the platform's "KlayVie Meetup" event series. The event on September 22 will provide in-depth technology content specifically for developers, programmers, tech engineers, blockchain developers, and people working in the technology field with the desire to share solutions and tools to support dApps developers seeking to create groundbreaking applications. The event will be organized by Klaytn together with DTS Group and the Vietnam Blockchain Association. Ignite on Klaytn is an opportunity for developers to gain knowledge through the multi-faceted perspectives of industry experts. Attendees will benefit from in-depth presentations on the "IOK Program" launched recently by the Klaytn Foundation. The event will also see the participation of representatives from the Klaytn Foundation, Vietnam Blockchain Association, Kyber Network, DTS Group, Orakl Network... The Klaytn event to be held in Hanoi on September 22, 2023. Photo courtesy of Klaytn … [Read more...] about DTS Group, Klaytn to organize ‘Ignite on Klaytn’
Ho Chi Minh City to spend over $176mn on medical equipment at 3 hospitals
The Ho Chi Minh City People’s Council on Tuesday decided to source over VND4.3 trillion (US$176.1 million) from its budget to purchase medical equipment for three hospitals at its gateways. Of the total, the Thu Duc Regional General Hospital will receive over VND1.45 trillion ($59.5 million); Hoc Mon Regional General Hospital, over VND1.49 trillion ($61.1 million); and Cu Chi Regional General Hospital, some VND1.36 trillion ($55.8 million). The city will purchase the equipment between 2023 and 2025. The plan to acquire medical equipment for these hospitals is vital to ensure that they will have sufficient equipment after being put into operation. Residents in Ho Chi Minh City and neighboring provinces can access high-quality healthcare services, while these hospitals can attract high-skilled medical workers. The plan will also help ease the overload at central-level hospitals in the southern metropolis. In 2021, Ho Chi Minh started work on these three hospitals with an … [Read more...] about Ho Chi Minh City to spend over $176mn on medical equipment at 3 hospitals
Vietnam’s first local currency sustainability-linked bonds aim to boost economy
As the first local currency SLBs in Vietnam, they aim to help issuers expand their businesses while creating jobs, boosting competitiveness, and supporting the country’s low-carbon growth model. IFC’s investment comprises two elements, with about $100 million to be issued by BIM Land – a tourism and property developer in Vietnam – and approximately $50 million to be issued by Thanh Xuan JSC. Both the issuers are subsidiaries of BIM Group, a multi-sector corporation in Vietnam. The proceeds will be used to develop the Thanh Xuan Valley project in Vinh Phuc province, including an eco-friendly and unique residential community alongside a hotel complex (under the InterContinental brand), as well as other relevant services and infrastructure. IFC’s funding will also help the developers implement water- and energy-saving solutions at two BIM Land hotels – InterContinental and Regent – on Phu Quoc island. An innovative financing tool to support global sustainable development, these … [Read more...] about Vietnam’s first local currency sustainability-linked bonds aim to boost economy
ASEAN, Vietnam seek to tackle fake news
Vietnam has implemented regulations to effectively manage misinformation. Fake news and disinformation are global issues impacting not only ASEAN but also countries like Vietnam, necessitating comprehensive solutions. Delegates attend the forum. Photo: Congly.vn This consensus was reached at the ASEAN Forum on Tackling Disinformation, held in Danang City on September 19. The forum is part of a series of international events on information and communication in the ASEAN region hosted by the Ministry of Information and Communications (MIC) until September 23. Le Quang Tu Do, the head of the MIC's Department of Radio, Television, and Electronic Information, mentioned that four major platforms dominate in Vietnam: Zalo with 47 million users, YouTube with 63 million users, Facebook with 66 million users, and TikTok with nearly 50 million users. Among these platforms, Facebook, YouTube, and TikTok are particularly susceptible to the rapid spread of … [Read more...] about ASEAN, Vietnam seek to tackle fake news
N.A. leader’s visit aims to reinforce, promote Vietnam – Bangladesh ties: Official
Tuan said that during this visit, Chairman Vuong Dinh Hue, on behalf of top leaders of Vietnam, will join leaders of Bangladesh in a celebration of the 50th anniversary of the bilateral diplomatic relations (1973-2023). The official underlined that amid the fast, unpredictable and complicated developments in the region and the world, the strengthening of ties between the two countries, who are traditional friends, through the parliamentary channel is expected to contribute to foster ties between the two countries and parliaments. He noted that the Vietnam - Bangladesh relations have been continuously developed with political trust built through visits and meetings via all channels and at all levels. The two sides have set up many important cooperation mechanisms, including a Joint Committee on economic, cultural, science and technology cooperation. Economic and trade partnership has been a highlight of the bilateral partnership, he said, noting that two-way trade has increased … [Read more...] about N.A. leader’s visit aims to reinforce, promote Vietnam – Bangladesh ties: Official
CBAM may hinder EVFTA advantages for steel industry
Nghiem Xuan Da, chairman of the Vietnam Steel Association (VSA), said, "The CBAM is the latest challenge for Vietnam's steel industry amidst an already tough business climate as it tries to increase exports to Europe under the EU-Vietnam Free Trade Agreement (EVFTA)." The CBAM is the EU's landmark attempt to put a fair price on carbon emissions produced from carbon-intensive goods entering the EU. It aims to encourage cleaner industrial production in non-EU countries. According to the VSA, Vietnamese steel exports to the EU have been on a positive trajectory thanks to the implementation of the EVFTA in August 2020, along with the recent shortfall in steel supply to the EU. Steel exports in the first six months of 2023 reached 1.36 million tonnes, with export turnover reaching about $1 billion, an increase of 1.5 times compared to the same period in 2022. In response to the new policy, Posco Yamato Vina Steel (Py Vina), under South Korea's Posco Group, is researching a new … [Read more...] about CBAM may hinder EVFTA advantages for steel industry
Central Highland City records first diphtheria case
The child, living in Cu Ebua commune, first began to show diphtheria symptoms on August 29, including a high temperature, a cough, a sore throat, and diarrhea. The child was subsequently taken to a private clinic but showed no signs of recovery. The Central Highlands General Hospital confirmed on September 2 the patient had tested positive for the Corynebacterium diphtheria. Approximately 200 households who had been living in affected areas were quarantined or tested for diphtheria. Local medical workers also disinfected the home of the child and nearby places of residence to ensure the bacterium strain does not spread among the wider community. At present, Dak Lak province has recorded a total of 41 diphtheria cases, including seven cases in Cu Mgar district, 17 in Krong Bong, two in Cu Kuin, five in Lak district, seven in Mdrak, and the latest case in Buon Ma Thuot City. … [Read more...] about Central Highland City records first diphtheria case
Market rebounds, ending two-day losing streak
Vinhomes Imperia Hải Phòng Urban Area, a project built by Vingroup. The company's shares soared nearly 3.5 per cent on Wednesday, leading the market's uptrend. — VNA/VNS Photo The Vietnamese stock market recovered on stronger demand force after recent corrections, while foreign investors continued to withdraw from main exchanges. The VN-Index on the Hồ Chí Minh Stock Exchange increased over 14.6 points, or 1.21 per cent, to close Wednesday at 1,266.11 points. The recovery helped recoup most of the losses hit in the last two sessions. On the southern bourse, breadth of the market returned to a positive zone with 275 stocks advancing, while 52 ended lower. Liquidity decreased over the previous session, but remained above VNĐ20 trillion. Particularly, VNĐ20.37 trillion (US$838.25 million) worth of shares was traded on HoSE, equal to more than 878 million shares. The index's reversal was mainly driven by strong rebounds in real estate stocks and other pillars in the securities … [Read more...] about Market rebounds, ending two-day losing streak