The Thang Long Warriors, last year’s Vietnam Professional Basketball League (VBA) runners-up, suffered their first defeat this season against the Ho Chi Minh City Wings in a neck and neck performance that stretched into overtime. The trend in this year’s VBA season seems to be a widespread dependence on trios of two foreign players and one Vietnamese player for both defense and offense. Both the Warriors and the Wings used this tactic successfully throughout their first games of the season. The Warriors’ Tim Guers and Jordan Young are the two foreign players on the team’s ‘trio,’ with each able to find the net both inside and outside the three-point line. On the Wings, veteran player Vincent Nguyen has earned himself a key position thanks to his ability to clear the court for his two foreign teammates, Makinde London and Jeremy Smith. The Warriors and the Wings met each other in Game 9 of the VBA Premier Bubble Games - Brought to you by NovaWorld Phan Thiet at the VBA-NTU … [Read more...] about Ho Chi Minh City Wings deal first loss to Thang Long Warriors in overtime
Why mho relay is used for long transmission line
Sacombank wins 5 JCB card awards
Sacombank wins five awards from Japanese international card organisation JCB. — Photo courtesy of the bank Sacombank has won five awards from Japanese international card organisation JCB for 2021 for Leading Licensee in New Products and Solution, Leading Licensee in Merchant Sales Growth, Leading Licensee in Merchant Sales, Leading Licensee in Balance of Credit Card, and Leading Licensee in Credit Card Retail Spending Volume. It is for the sixth year in a row the bank has been honoured with these awards. It is highly appreciated for its continuous implementation of new business initiatives, launching impressive card payment products, staying ahead of technology trends, and improving the customer experience. The bank has in collaboration with JCB launched Sacombank JCB Platinum Debit card, the Japanese company’s most advanced payment card line in Viet Nam with outstanding privileges and incentives. Cardholders are entitled to free use of VIP lounge services at more than 60 … [Read more...] about Sacombank wins 5 JCB card awards
Constant re-planning of transport projects in Vietnam
Illustrative photo. In a pattern that seems to have prevailed for years, a transport project is usually put into operation soon after its inauguration, but then within a short time there is a need for its expansion or upgrade. What is more surprising is that even projects that are still under construction are being reconsidered for expansion or an upgrade. Such as in the case of the Hanoi Highway which has been expanded four times and still not complete. It may be that this Highway may even be further expanded. The Ho Chi Minh City to Long Thanh to Dau Giay Expressway was started in 2009 with an original design plan of four lanes, then soon after increased to six lanes and now being considered for eight lanes. For all we know it may also be extended to twelve lanes soon. The 17 km long metro line 1 has not yet been put into a trial operation but is being considered for an extension to include the route to Binh Duong and Dong Nai provinces. More recently, the 51 km long Trung Luong … [Read more...] about Constant re-planning of transport projects in Vietnam
AstraZeneca COVID-19 vaccine prevented 232,000 deaths in VN: study
AstraZeneca’s COVID-19 vaccine . (Photo courtesy AstraZeneca Vietnam) HCM City (VNS/VNA) - AstraZeneca’s COVID-19 vaccine is estimated to have prevented 232,766 deaths in Vietnam, an independent assessment of vaccine effectiveness showed. The analysis conducted by Airfinity , a health data firm, covers the period from December 8, 2020 to December 8, 2021 and shows that more than 72 million doses were delivered to Vietnam, making AstraZeneca’s COVID-19 vaccine one of the most used in the country. AstraZeneca’s vaccine was the first COVID-19 vaccine approved by the Ministry of Health, and the first to be supplied in large quantities to support Vietnam’s national vaccination campaign and pandemic response effort. Nitin Kapoor, Chairman and General Director, AstraZeneca Vietnam and Asia Area Frontier Markets, said: “This data reaffirms that vaccination is the fastest way to overcome the COVID-19 pandemic, and that our vaccine is highly effective in preventing … [Read more...] about AstraZeneca COVID-19 vaccine prevented 232,000 deaths in VN: study
CapitaLand Development enhances its operations
CapitaLand Development (CLD) has entered into plenty of new development deals across many different businesses in Vietnam. What is your exact development strategy in Vietnam? Ronald Tay, CEO of CapitaLand Development (Vietnam) Vietnam is one of our core markets, and we are committed to being a long-term partner contributing to Vietnam’s economic development. Having been part of Vietnam’s growth for 28 years, CLD’s portfolio comprises one retail mall, two integrated developments, and more than 13,000 quality homes across 17 residential developments. Over the next five years, we aim to accelerate our investment in the country, doubling our capital allocation to grow our portfolio in Vietnam. Our real estate expertise, coupled with our extensive local knowledge, places us in a strong position to scale up our investments in township developments, logistics, industrial, and business parks as well as seek opportunities to expand into data centres. Our recent investments … [Read more...] about CapitaLand Development enhances its operations
Thousands of resettlement apartments abandoned in Hanoi, Ho Chi Minh City
Thousands of apartments and land lots for the resettlement of residents in Hanoi and Ho Chi Minh City have been left deserted for years, causing huge waste. While many laborers are in dire need of accommodations, solutions to these abandoned resettlement apartments and the resettlement in the future to prevent similar cases are needed. Abandonment and untidiness According to the Hanoi Department of Construction, the capital city is now home to nearly 18,000 resettlement apartments. Most of them have been sold and allocated for projects. Only over 400 units remain unused. However, in reality, thousands of these apartments are presently empty. Some projects with hundreds of apartments each are complete but their wastewater treatment and fire prevention and control systems have yet to be approved. Most of these projects are now degrading and facing a shortage of facilities, such as playgrounds for children, sport facilities, and parks. More than 3,700 … [Read more...] about Thousands of resettlement apartments abandoned in Hanoi, Ho Chi Minh City
SCG accelerating strategies to address myriad of challenges
SCG’s Q2/2022 operating results show continuous revenue growth despite energy costs’ effects on profits, maintaining robust financial standing. Roongrote Rangsiyopash, president and CEO at SCG disclosed, “Despite volatile situations with crisis upon crisis such as inflation, rising interest rates, increased energy and raw material costs, and climate change, SCG continues to adapt, resulting in strong overall business and financial performance. Innovative product and service developments are in full gear, especially eco-friendly items with SCG Green Choice labels and innovations to meet consumers’ demands for safety and convenience, catering to the tourism and service sector’s recovery as borders fully open." "Moreover, strategic investments are being prioritised, resulting in the delay of new projects that are non-urgent while still going through with quick-return projects and ones that are aligned with the company’s long-term growth plans. This includes the Long Son … [Read more...] about SCG accelerating strategies to address myriad of challenges
Supporting sectors – a highlight of Vietnam’s quest toward self-reliant industry
Vietnam’s supporting sectors continue pushing forward despite the difficulties and extreme competitive pressure caused by a global pandemic and a variety of other geopolitical issues. Even during the COVID-19 pandemic, enterprises across Vietnam managed to trudge ahead, securing new orders for export and posting increases in purchase requests. Mold production for Tesla At the end of June, Nguyen Van Tri, general director of Lap Phuc Mechanical Company, took reporters to a tour of the company’s 10,000-square-meter factory in District 7, Ho Chi Minh City. According to Tri, Lap Phuc began investing heavily in machinery and production quality as part of a push to adapt to global supply chain shifts over the past two years. The company’s goal is to offer a cheaper alternative to Chinese enterprises. Lap Phuc is currently courting Tesla, General Motors, and GS Battery VietNam Co. Ltd as potential clients and is awaiting quality feedback on samples of manufacturing molds and … [Read more...] about Supporting sectors – a highlight of Vietnam’s quest toward self-reliant industry
American readers reveal Vietnam’s 10 best city hotels
Topping this year's list is Sheraton Saigon Hotel & Towers on the iconic Dong Khoi Street, formerly known as Rue Catinat and made famous by Graham Greene’s novel "The Quiet American." The hotel features 485 rooms and suites that offer views of Dong Khoi, one of the city's busiest tourist streets lined with an array of shopping centers, restaurants and hotels. "It has an unbeatable location in the center of the city. We loved that we could walk everywhere to all the trendy bars, restaurants and tourist attractions," a reader commented. A night's stay costs from VND3.45 million ($148). Capella Hanoi, which opened in 2021 amid the Covid pandemic, came second on the list. Standing on Le Phung Hieu Street in Hanoi's Old Quarter, just a few steps from the Hanoi Opera House, the hotel has 47 rooms and suites, each individually styled with operatic artifacts and … [Read more...] about American readers reveal Vietnam’s 10 best city hotels
BM PLASCO honored in Forbes Vietnam’s Top 50 best listed firms
BM PLASCO is the only firm in the sector of building materials specializing in plastic pipes and plastic pipe fittings to be included on this year's list. This is a remarkable milestone for the company's 45-year effort. In 2021, BM PLASCO reached a revenue of VND4,552 billion and a profit of VND 214 billion. In the first half of 2022, the consolidated revenue of the company has reached VND2,911 billion with VND341 billion profit, an increase of 11.5 percent and double respectively y-o-y. These are outstanding figures that demonstrate the firm's stability and durability during the post-pandemic business recovery era and establish long-term goals for the future. Nguyen Thanh Hai, BM PLASCO’s Deputy Sales General Director, said: “Along with the continual development of science and technology, the Vietnam market has seen a growing number of plastic - construction materials which not only focus on quality but also design and convenience of use. Founded on a firm basis, BM PLASCO … [Read more...] about BM PLASCO honored in Forbes Vietnam’s Top 50 best listed firms