New york

The donation consists of 100,000 antibacterial cloth masks and 50,000 medical masks, made by Vietnamese enterprises. The Hanoi city government on June 1 handed over medical supplies to the US city of New York in support of their fight against Covid-19, Kinhtedothi.vn reported. The donation consists of 100,000 antibacterial cloth masks and 50,000 medical masks, made by Vietnamese enterprises. They meet quality standards prescribed by Vietnam’s Ministry of Health and are certified with CE marking of the European Union. Hanoi donates medical supplies to New York to support Covid-19 fight. Photo: Kinhtedothi.vn Hanoi mayor Nguyen Duc Chung said that during the pandemic, international cooperation and solidarity is needed to curb the Covid-19 spread and minimize its impacts on every country in the world. "We believe that with the drastic measures the US government is taking, with the efforts and determination of its people and international cooperation, the US will soon get over the pandemic," Chung said at the handover ceremony. For his part, US Ambassador to Vietnam Daniel Kritenbrink expressed his special thanks to the Hanoi mayor for this gift. The ambassador praised the Vietnamese government and Hanoi’s authorities for promptly applying necessary measures to curb the pandemic spread. The US is proud to be Vietnam's partner in dealing with the Covid-19 pandemic, Daniel Kritenbrink stressed. He added that the international and the US press has also recognized that Vietnam is currently among the leading countries in containing the Covid-19 pandemic. As the United States is tackling Covid-19 outbreak and New York is one of the worst affected cities, Ambassador Kritenbrink believes that Hanoi’s gift will help keep the city’s medical staff be safe and soon control the disease. This year marks 25 years of diplomatic relations between the two countries, thus, the ambassador stated that events like this help strengthen the partnership …

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The showroom design by Vicky Daroca (Photo: VNA) Hanoi (VNA) – Nine most excellent design ideas at the VinFast Global Showroom Design Competition 2021 were recently honoured at Times Square, New York City. Nearly 1,000 entries from 90 countries were sent to the contest, held by the Vietnam Design Association – Ho Chi Minh City (VDAS) and VinFast from January 25 to February 25. The event drew the enthusiastic participation of designers from the US, Canada, Europe, Australia and Vietnam. VinFast CEO Thai Thi Thanh Hai said “We are very happy that the contest attracted designers from all over the world, who show a similarity with VinFast in creativity, and desire to break the limit to create the best outcomes. This encourages VinFast to gain more confidence to win the hearts of global customers”. According to VDAS President Ho Tan Duong, the best entries had to feature a standout design concept, sharpest rendition of VinFast brand and feasibility. The first prize worth 30,000 USD went to US designer Vicky Daroca . The remaining eight designers were presented the second prize, each valued 1,750 USD. Giving evaluations on Daroca’s design, President of Asia-Pacific Design Award Patrick Fong said that there are almost no boundaries in Daroca’s work, which clearly shows a strong state of freedom, and consistency in creative interpretation. “Such a spatial arrangement that brings contentment experience to customers every time they visit”, he added. VinFast, a subsidiary of Vingroup , one of Asia's leading conglomerates, is Vietnam’s only indigenous car brand, and currently makes the Lux SA2.0, Lux A2.0 and Fadil. It has researched and developed the first three-level 3-4 Autonomous Smart EV models with 30 smart features, underlining its vision to become a global smart electric mobility company./. VNA …

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There was strong activity in both private and public M&A in 2020 In 2018 and 2019, the consumer goods, manufacturing, and real estate sectors recorded important M&A transactions in Vietnam. And last year, banking and real estate were the key sectors for M&A transactions. According to the Foreign Investment Agency under the Ministry of Planning and Investment, as of March 20, the total newly-registered, adjusted, and contributed capital and purchased shares of foreign investors reached $10.13 billion, an increase of 18.5 per cent on-year. In terms of newly-registered capital, 234 new projects were granted investment certificates (down 69.1 per cent on-year) with the total registered capital reaching $7.2 billion (up 30.6 per cent on-year), while adjusted capital grew by 97.4 per cent to $2.1 billion. Meanwhile, the total volume of capital contribution and share purchases by foreign investors reached $805.3 million, equivalent to a fall of 58.5 per cent on-year. In the mentioned timeline, Singapore is deemed to be the biggest foreign financier with nearly $4.6 billion, or 45.6 per cent of the total registered capital, while Japan ranked second with $2.1 billion, followed by South Korea with $1.2 billion. Specifically, almost all the investment capital inflows from Singapore and Japan were newly-registered. Looking back, there is strong activity in both private and public M&A, with both providing blockbuster deals in Vietnam during 2020. Naturally, there are more private M&A transactions, and listed companies help drive private-related activity. A consortium led by US private equity (PE) powerhouse KKR made a $650 million investment into Vinhomes, the flagship real estate subsidiary of Vingroup and listed on the Ho Chi Minh City Stock Exchange, for an approximate 6 per cent stake. The deal, in which YKVN acted as local counsel for Vingroup, witnessed a strong willingness of foreign investors to sit in minority positions in large …

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