Plastic industry

At the working session (Photo: VNA) Hanoi (VNA) – Minister of Industry and Trade Nguyen Hong Dien held a working session with US Secretary of Commerce Gina Raimondo in New York recently, on the occasion of a working trip to attend the 78th session of the United Nations General Assembly and bilateral activities. Both sides underscored the need for broader and deeper cooperation between the management agencies of both countries, and between the Vietnamese Ministry of Industry and Trade (MoIT) and the US Department of Commerce (DOC) in particular, in order to actualise the vision of the two countries' leaders and to set development goals that match the bilateral comprehensive strategic partnership. Reiterating the importance of the recognition of Vietnam's market economy status, Dien suggested the DOC make drastic directions to expedite and complete the Changed Circumstances Review (CCR) process this year, in line with the spirit of the Joint Statement on September 11 and … [Read more...] about Industry-trade minister holds working session with US Secretary of Commerce

Industrial parks in Haiphong to receive $1.3 billion This capital is divided into 14 projects, mainly invested by companies from South Korea, Japan and Singapore. The first one is the Ecovance high-tech biodegradable materials factory project of SK Group (South Korea) with the total registered capital of $500 million. The project will produce biodegradable materials, covering an area of 32,000 square metres at Dinh Vu Industrial Park. The expansion of SK is the result of the signing of a comprehensive business agreement on “eco-friendly, high-tech material” between SKC – a subsidiary of SK Corporation and Haiphong People’s Committee in June in Seoul. Based on this agreement, SKC plans to incrementally review investments in eco-friendly materials and future advanced materials businesses in the port city. The HEZA will also award an investment registration certificate for the expansion of the office machinery and equipment manufacturing project, which is invested by Kyocera … [Read more...] about Industrial parks in Haiphong to receive $1.3 billion in investment

Hanoi should be empowered to stipulate regulations about its development. Dinh Tien Dung, Secretary of the Hanoi Party Committee, proposed that the revised Capital Law give Hanoi the power to set standards in line with practice in certain areas to ensure long-term security and safety. Secretary of the Hanoi Party Committee Dinh Tien Dung at the session. Photo: Quochoi Dung made the statement on September 20 at the session of the National Assembly Standing Committee in response to last week's tenement fire in Hanoi's Thanh Xuan District that claimed dozens of lives. Hanoi needs to be empowered At the session, Chairman of the National Assembly Vuong Dinh Hue said that the law is particularly important for the development of Hanoi . Therefore, it is necessary to continue to review and research to fully institutionalize policies for Hanoi's development as set out in the resolutions of the Politburo. Emphasizing that this is a law on decentralization of … [Read more...] about Amended Capital Law: Hanoi needs more power

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

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

The 2023 Hanoi Fall Festival from September 29 to October 1 will bring visitors the beauty of Hanoi's landscape, culture and gastronomy. With a vast array of cultural and tourist activities, the Hanoi Fall Festival 2023 is expected to boost the capital's tourism industry, Nguyen Thi Mai Anh, Deputy Director of the Hanoi Promotion Agency (HPA), told The Hanoi Times . Foreign tourists enjoy the fall in Hanoi. Photo: Hoai Nam/The Hanoi Times What is the meaning and purpose of Hanoi Fall Festival 2023 with the theme "Hanoi - Come to fall in love"? Through surveys of tourists' experiences when coming to the capital, we have learned that the ideal time to travel to Hanoi is in the fall, from August to November every year, as this is the most pleasant period in Hanoi in terms of weather, with clear blue skies and fresh breeze. This is the best time for visitors to explore scenic spots and enjoy the capital's unique cuisine. In particular, CNN recently … [Read more...] about Hanoi Fall Festival 2023 to boost capital tourism

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

Deputy Prime Minister Tran Hong Ha (R) and President and CEO of Mitsui Oil Exploration Co., Ltd. (MOECO) Hidenori Harada, in their meeting in Hanoi on September 21. (Photo: VNA) Hanoi (VNA) – Deputy Prime Minister Tran Hong Ha hosted a reception in Hanoi on September 21 for President and CEO of Mitsui Oil Exploration Co., Ltd. (MOECO) Hidenori Harada. Ha told the guest that Vietnam always appreciates and welcomes cooperation projects between Japanese and Vietnamese businesses. Amidst fluctuations of the world economy, Vietnam wants to maintain and develop collaboration and investment ties with Japanese businesses, he said. Regarding Block B - O Mon gas project chain being implemented by MOECO and partners, the Deputy PM stated that policies of the Vietnamese State will ensure that the project operates throughout its life cycle, in a stable and long-term manner, and benefits investors so that the project chain is truly a bright spot in economic cooperation between … [Read more...] about Deputy PM receives leader of Japan’s MOECO company

Vietnam’s JETP plan must cover energy efficiency, storage, and more, photo Le Toan European Investment Bank (EIB) vice president Kris Peeters told VIR when he visited Vietnam last week that the non-profit credit institution and lending arm of the EU is eager to meet with partners in Vietnam to provide more green loans for environmentally friendly projects in various sectors from transport, water treatment, and smart urban development to renewable energy and infrastructure. “We have been providing loans for seven projects in Vietnam with total loans of €561 million ($602.8 million), and we hope the figure will double in the coming time,” Peeters said. Last year, the EIB invested over €70 billion ($75.2 billion) in many green projects worldwide. “We want to increase our investment portfolio and Vietnam is also on our priority list, as the country’s economy is going green, meaning the growing need for relevant projects in many sectors,” Peeters said. “Vietnam is an important … [Read more...] about Development banks extend role in green-related loans

Outstanding digital technology companies honoured (Photo: VNA) Hanoi – Vietnam’s Top 10 digital technology companies in 2023 were announced at a ceremony in Hanoi on September 22. Among them are Viettel Solutions, OneMount Group, VNPT, Mobifone, Rang Dong and FPT. Launched 2 months ago, the organising board selected 104 nominations in various fields to honour the top 10 digital technology enterprises in Vietnam. According to statistics, the total revenue in 2022 of these 104 businesses reached 164 trillion VND (6.7 billion USD), accounting for 43.75 per cent of the total revenue of Vietnam's software and information services sector. Speaking at the event, Deputy Minister of Information and Communications Phan Tam said that digital technology enterprises are the nucleus of the country's industrialisation and digital transformation of all industries. He said that the honoured companies' strategies to conquer the market are valuable lessons, opening the way for many others … [Read more...] about Vietnam’s Top 10 digital technology companies named for 2023