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Hung Yen looks to become “promising land” for foreign investors

October 2, 2023 by en.vietnamplus.vn

Hung Yen looks to become "promising land" for foreign investors (Photo: VNA) Hung Yen (VNA) – The northern province of Hung Yen has focused on creating a safe, effective and competitive investment environment to turn the locality into a “promising land” for enterprises, particularly foreign investors. Secretary of the provincial Party Committee Nguyen Huu Nghia affirmed that the province has set a goal to become an industrial hub and an attractive, safe, competent investment destination in its development strategy from now to 2023 with a vision to 2045. Hung Yen boasts a rich network of tangible and intangible cultural heritages and was once a major economic centre. Lastly, the province has an abundant, highly skilled, and hard-working workforce. Vietnam factory project in Thang Long Industrial Park II has the largest investment capital with 132 million USD. The factory specialises in producing LCD polarised films used for smartphones and cars, with a capacity of 176 … [Read more...] about Hung Yen looks to become “promising land” for foreign investors

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HAGL chairman plans to sell hotel in Vietnam’s Central Highlands

October 2, 2023 by tuoitrenews.vn

Doan Nguyen Duc, board chairman at Vietnamese agricultural giant Hoang Anh Gia Lai JSC (HAGL), intends to sell Hoang Anh Gia Lai Hotel in Pleiku City, situated in the Central Highlands province of Gia Lai, to make debt payments. The management board of the firm has reached a consensus on liquidation of unproductive properties, especially the sale of Hoang Anh Gia Lai Hotel, which was the first four-star lodging facility in the Central Highlands region. Starting its operation in 2005, the hotel lies near Phu Dong Square in the heart of Pleiku City and includes 117 rooms. The proceeds from the hotel sale will be used to pay the principal and interest on the bonds issued in 2016 at the Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV), said Duc. The selling price has yet to be announced. The firm had earlier sold two resorts in Quy Nhon City in the south-central province of Binh Dinh, and in Da Lat City under Lam Dong Province, a hotel in Da Nang … [Read more...] about HAGL chairman plans to sell hotel in Vietnam’s Central Highlands

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Lower Saxony wants to invest in energy transition in Vietnam

October 3, 2023 by hanoitimes.vn

Energy is one of the key pillars in Vietnam-Germany relations over the past decades with a series of projects and programs operated by The Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) – the German Development Agency. A delegation of nearly 50 German companies led by Minister-President of the German state of Lower Saxony , Stephan Weil, has expressed their interest in renewable energy and energy efficiency , the field in which the Federal Government of Germany has cooperated with Vietnam for years. Vietnam's Prime Minister Pham Minh Chinh (R) and Minister-President of the German state of Lower Saxony , Stephan Weil, in Hanoi on October 1. Photo: VGP Other fields of potential cooperation that the Lower Saxony’s government and businesses want to focus on include vocational training, skilled labor migration, tourism, digitalization, and Industry 4.0. The issues were stated by Prime Minister-President Stephan Weil at … [Read more...] about Lower Saxony wants to invest in energy transition in Vietnam

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Labour ministry proposes delay of 2024 regional minimum wage increase

October 2, 2023 by en.vietnamplus.vn

Employees working under labour contracts are directly affected by increase of minimum regional wage. (Photo: VNA) Hanoi (VNS/VNA) - The Ministry of Labour, Invalids and Social Affairs (MOLISA) has proposed delaying a salary negotiation meeting until the fourth quarter of 2023 because there is not enough scientific and practical basis to propose a time to adjust the regional minimum wage . Accordingly, MOLISA has sent an official dispatch to the Government Office to delay the submission of the decree stipulating the minimum wage for employees working under labour contracts. The ministry was assigned to develop the decree and submit it to the Government in October 2023. MOLISA said that the economy in the second quarter and the first months of the third quarter this year has shown signs of improvement. However, the global and regional socio-economic and security situation continues to have complex and unpredictable fluctuations affecting Vietnam’s economy. … [Read more...] about Labour ministry proposes delay of 2024 regional minimum wage increase

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Logistics investors heat up the market

October 2, 2023 by vir.com.vn

illustration photo/ Photo Le Toan The very first logistics centre from Vietnam-Singapore Industrial Parks (VSIP) is now being constructed in the south-central province of Quang Ngai, and will be completed and put into use by the end of this year. Being built according to Lotus standards of the Vietnam Green Building Council, the 6-hectare Sembcorp Logistics Park will boast three modern single-storey warehouse blocks. Singapore’s Sembcorp Development, a wholly owned subsidiary of Sembcorp Industries, and its state-owned joint venture partner in Vietnam, Becamex IDC Corporation, in August also announced the addition of four new VSIPs. According to Charles Chong, director of Sembcorp in Vietnam, the country has developed strongly in recent years and will continue to be an important manufacturing country in the Asian region. “With the positive growth momentum of production activities and investment attraction, along with the government’s infrastructure upgrade plan, the … [Read more...] about Logistics investors heat up the market

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Only world-class level can ensure truly green buildings

October 2, 2023 by vir.com.vn

The buildings we want to work in are smart buildings, and the role of the office is completely going to change. In the past, we went to the office to work. Nowadays, we can do work from everywhere. We just come to the office to communicate and to be part of a culture. Ludwig Graf Westarp, Representative, Federal Association of Small and Medium-Sized Enterprises in Germany Buildings have a tremendous impact on the world’s climate, and the construction and real estate industries account for almost 40 per cent of total worldwide carbon emissions. Different technologies play a key role at each state of the building’s life cycle and help us to become more efficient, reduce waste and save time and energy. By collecting energy data, optimising the usage of energy and water consumption, we understand what is really going on in the buildings. Buildings need to be comfortable, energy efficient, productive, and safe, meeting higher occupant expectations. This is driven by … [Read more...] about Only world-class level can ensure truly green buildings

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I feel impatient as my husband is unemployed

October 3, 2023 by e.vnexpress.net

He had always been a hardworking employee since he started working there after his graduation. He never left the office until 7-8 p.m., and only started his Tet Lunar New Year holiday as late as possible. He never turned down eating with his partners or supervisors either. He hoped those efforts could earn him the position of the branch director, and in fact he was promised to get the chance. But his promotion never came. He quit his job at the beginning of this year and has been feeling hopeless and confused ever since. He also helps me with household chores after his resignation, including bringing and picking up our kid to and from school, cooking, and doing laundry. In general it is undeniable that he helps a lot since he got unemployed. However, I still feel impatient with him staying at home. We do not have many mutual topics now as his network has shrunk, and I am not satisfied with how happy he seems with his househusband life. I have sent him job … [Read more...] about I feel impatient as my husband is unemployed

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UB’s Smart Solutions for Industrial 4.0

October 3, 2023 by vir.com.vn

UB office in Batu Kawan Penang, Malaysia UBCT, which on September 29 was rebranded to UB Group, was founded in 1995 in an attempt to revolutionise inventory tracing in the semiconductor industry. The company embarked on a transformative journey, starting with a focus on specialised machine servicing within the molding industry. By 2006, the company transitioned into research and development, specialising in material management systems and development for the semiconductor Industry. Over the years, it evolved and expanded, introducing innovative software solutions for dashboards and command centres and successfully implementing total lights-off manufacturing solutions in collaboration with their Shanghai counterpart. In 2017, the company shifted its focus to cutting-edge automated warehouse solutions. Subsequently, a new division emerged, dedicated to AI and autonomous robotic solutions, embracing the future of automation. The rebranding to UB Group this year reflects its … [Read more...] about UB’s Smart Solutions for Industrial 4.0

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Việt Nam’s economic landscape at crossroads: Q3 reports highlight challenges in achieving targets

October 3, 2023 by bizhub.vn

Võ Trí Thành * Võ Trí Thành The General Statistics Office on Friday unveiled a comprehensive report on Việt Nam's socio-economic development for the third quarter and the first nine months of this year. The report demonstrates a less daunting economic landscape, albeit one that remains exceedingly challenging if the nation is to achieve the economic growth targets set by the National Assembly. As of the third quarter of 2023, Việt Nam's economy has traversed two-thirds of the year, yet the Gross Domestic Product (GDP) has only expanded by a modest 4.24 per cent in comparison to the same period last year. This growth rate, though higher than the rates recorded in the corresponding nine months of 2020 (2.19 per cent) and 2021 (1.57 per cent) during the 2011-23 period, falls short of the ambitious 6 per cent growth target set by the National Assembly for the whole year, let alone the more ambitious target set by the Government at 6.5 per cent. The economic recovery following the … [Read more...] about Việt Nam’s economic landscape at crossroads: Q3 reports highlight challenges in achieving targets

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