The third industrial revolution

JETRO, ITPC, CSID and RX Tradex Company sign an agreement in HCM City on August 5 to jointly organise two exhibitions on supporting industries in HCM City in October. — VNS Photo RX Tradex Vietnam has partnered with the Japan External Trade Organisation, the Investment and Trade Promotion Centre of HCM City and the HCM City Centre for Supporting Industries Development to organise METALEX Vietnam and Supporting Industry Show simultaneously in early October. Nobuyuki Matsumoto, chief representative of JETRO's HCM City office, said a 2021 survey by his agency found that the local sourcing ratio for Japanese companies in Viet Nam is 37.4 per cent, a slight increase from the previous year, but much lower than in China (69.5 per cent) or Thailand (58.4 per cent). He said over 86 per cent of Japanese firms wanted to increase the local sourcing of materials, components, and spare parts. Based on the needs of Japanese companies, JETRO decided to organise the ‘Supporting Industry Show’ … [Read more...] about Exhibitions seek to boost competitive edge of supporting industries

According to Ngo Thi Kim Thanh, senior expert at the Investment Analysis and Consulting Centre for SSI Research, the land lease demand in industrial zones (IZs) continues to secure positive growth for 2022 and beyond. This is attributable to diverse factors such as China’s strict pandemic policy, and reopened borders – paving the way for foreign investors to strike new deals or wrap up land lease procedures which were signed earlier. Prospects abound for land-rich industrial players, Illustrative photo. (Source: VNA) Thanh gave the remarks at a talk show on the charm of real estate tickers, hosted by VIR in Hanoi last week. In the stock market, the performance of real estate tickers is being deemed a bright spot in the context of a lasting market correction since April. During the period, the ticker IDC of IDICO Corporation gained more than 20 per cent, KBC of Kinh Bac Urban Development Corporation rose more than 15 per cent, and VGC of top building material maker … [Read more...] about Prospects abound for land-rich industrial players

For one, the oil and gas industry is under immense pressure to improve operational efficiency, productivity, and worker safety; maintain cybersecurity; and, simultaneously, reduce environmental impact. In order to solve these challenges, oil and gas companies are accelerating their digital transformation. Denis Brunetti, President, Vietnam and Myanmar Ericsson As they adopt use cases around automation, smart safety and environmental monitoring, the oil and gas industry is increasingly looking to advanced cellular connectivity to help drive efficiencies, while being more environmentally sound. The industry is expected to meet the global goal of net-zero carbon by 2050. According to a McKinsey study, the use of advanced connectivity to optimise drilling and production throughput and improvements in maintenance and field operations could add up to $250 billion of value for oil and gas upstream operations by 2030. Digitalisation enabled by cellular connectivity can … [Read more...] about 4G/5G wireless networks driving digitalisation across industries

Vietnamese and international viewers will enjoy the unique works of worldwide cinema industries. The sixth Hanoi International Film Festival (HANIFF) will make a comeback and is scheduled to take place in Hanoi between November 8 and 12, according to the Ministry of Culture, Sports and Tourism. After a two-year hiatus due to the Covíd-19 outbreak, the new context of safe and flexible adaptation to the pandemic makes its 6th edition this year a special one, the ministry said, authorizing the Vietnam Cinematography Department and relevant agencies to organize the event. The biennial festival aims to honor outstanding international and Vietnamese film works with high artistic value, rich in humanism and creativity. Foreign filmmakers at the fifth HANIFF held in Hanoi. Photo: Lai Tan The film festival also aims to encourage new talents in the movie industry in Vietnam and worldwide while promoting cooperation among filmmakers for the development of cinema. … [Read more...] about Hanoi International Film Festival to return in Q4

The startup accelerator program, SIHUB - EXPARA Accelerator batch 4 - 2022, has officially been launched. (Photo: SGGP) At this event, SIHUB and EXPARA officially introduced the sixth investment fund, Expara Southeast Asia Ventures, with a scale of up to US$450 million. Of which, one-third of the fund is for the Vietnamese market. When attending SIHUB - EXPARA Accelerator batch 4 - 2022, startups will have the opportunity to expand their network of partners, seek investors, learn from the experience sharing of CEOs, advisors, and guests, and have a chance to receive funding of up to $150,000. Investment enterprises that receive data from startups with growth potential can consider investing in and expanding that model. In addition, large enterprises can look for profitable investment opportunities through Expara Southeast Asia Ventures. Expara Southeast Asia Ventures is an early-stage (seed stage) venture capital fund that primarily invests in next-generation technology … [Read more...] about SIHUB – EXPARA Accelerator batch 4 – 2022 started

The victory in the first battle of the air defense troops also left invaluable lessons, of which the most remarkable one is the art of employing combined arms in air defense operations. To prepare for the war of destruction against North Vietnam then, from February 1964, U.S. air force used recce aircraft and paratroops to intrude the territory of North Vietnam from the sea so as to sabotage coastal economic and military facilities. At the beginning of April 1964, with the plan to air-raid 94 targets in the North, the U.S. “invented” the Gulf of Tonkin incident to legalize its war of destruction. Closely following the developments and learning the plot as well as activities in preparation for the war of destruction of the U.S. troops, in June 1964, the Politburo issued a resolution on enhancing combat capabilities and staying ready to foil the plot of the U.S. invaders. Party committees and governments of localities were to enhance their civil air defense alert and strengthen air … [Read more...] about The art of combined-arms operations in victory of air defense troops’ first battle

Ho Chi Minh City's Can Gio attractive to tourists (Photo: vntrip.vn) HCM City (VNA) - Ho Chi Minh City’s tourism sector has actively brought its indigenous culture into urban tourism , considering this as one of the strategies to promote the strengths of the city’s destination network. Many districts have continuously launched new tourism products to stimulate the tourism market. The moves have initially impressed local people and helped attract more tourists to the city. Recently, the People's Committee of district 5 launched a programme named "Visiting Cho Lon to Watch the Lion Dance". This programme is implemented on Saturday and Sunday of the 2nd week of each month at The Garden Mall on Hong Bang street. Within the framework of the event, there are also many mobile booths serving food, and introducing local specialties and souvenirs. Similarly, tourism product "Tan Phu - Going is remembering" implemented by the People's Committee of Tan Phu district is attracting … [Read more...] about HCM City highlights local cultures to ignite urban tourism

Police in Ho Chi Minh City have launched an investigation into a suspected case of methanol poisoning that occurred at a local restaurant, affecting eight young people, of whom two died, officers said on Saturday. Among the eight victims, six are employees of Mr Bao Restaurant in Thu Duc City, including a woman, while the other two are outsiders, both female, local police said. These victims, aged 19 to 24, opened a party at the restaurant late on Wednesday evening, after the facility closed, N.D.B., the owner, reported on Saturday. They ate food bought from outside and drank a can of five liters of alcohol available at the restaurant during the feast which ended at 4:00 am the next morning. B. said his restaurant, which started operations on June 1, recently bought five 5-liter cans of bottled water from a supplier but one of them was later found containing alcohol. This can had been kept in the eatery’s storage until it was consumed at the party, B. said, adding that the … [Read more...] about Police probing suspected alcohol poisoning that killed two in Ho Chi Minh City

The “Hanoi City Ring Road No.3 Construction Project (Mai Dich - South Thang Long Section)” aims to construct a high-standard inner-city expressway in the western section, connecting the Mai Dich intersection and the South Thang Long intersection of Ring Road No.3 which links northern and north-eastern provinces, industrials zones and Noi Bai International Airport with the city center. The 5.4-km section has 4.8km of viaduct. Addressing the section’s inauguration ceremony, Deputy Prime Minister Truong Hoa Binh highlighted the significance of the project, which contributes to complete the 65-km Hanoi Ring Road No.3, helping easing traffic congestion in the west of Hanoi and forming a complete traffic network connecting northern localities with Hanoi as well as Red River delta localities. He lauded the efforts of the Ministry of Transport and the Thang Long project management board as well as contractors in conducting the project, while hailing the Hanoi government in ground clearance … [Read more...] about Another section of Hanoi Ring Road No.3 opens to traffic

Thanh Cong Textile Garment Investment Trading JSC exported over one-third of its products to the United States in 2021. However, the company started to face challenges following the US’ blanket ban on all Xinjiang cotton. Last year, President Joe Biden signed into law the Uyghur Forced Labor Prevention Act. Vietnam’s cotton imports reach up to one million tonnes each year, Photo: Shutterstock Tran Nhu Tung, chairman of the company, said that the company has adopted regulations this year related to this act. Accordingly, buyers have to be responsible for export orders to the US which source Chinese cotton materials. Thanh Cong secures many large orders from the US. In 2022, the company sets a target to generate $179 million in revenues and $10.87 million in profit, up 120 per cent and 188 per cent respectively against last year. Tung noted that yarn exports are the main driving force for Thanh Cong. “There is a rapidly growing demand for yarn imports in the global … [Read more...] about Demand for cotton forces adjustments