Corporate

JG Summit Holdings, Inc., one of the biggest Filipino investors in Vietnam, hopes to invest in sustainably developing tea business in the country, particularly via the participation in public-private-partnership projects. Prime Minister Nguyen Xuan Phuc (R) hosts President and CEO of JG Summit Holdings, Inc. Lance Y. Gokongwei (Photo: VNA) President and CEO of the group Lance Y. Gokongwei revealed the intention while being received by Prime Minister Nguyen Xuan Phuc in Hanoi on June 17. Welcoming trade-investment cooperation between Vietnamese and Philippine firms, PM Phuc said he wants to hear about difficulties facing JG Summit in Vietnam. Gokongwei informed his host on the operation of the group in Vietnam so far. The company, starting its operation in the local food-beverage industry in 2003, has promoted its made-in-Vietnam products across 10 nations worldwide. With a workforce of 3,000 hands and an accumulated investment of 200 million USD to date, JG Summit exports … [Read more...] about Philippine company eyes investment in Vietnam’s tea industry

Vietnamese automobile manufacturers and distributors had a banner month in May as the sales of car experienced a strong monthly growth of 30 percent following a line-up of promotions and discount programmes. Various promotions and discount programmes were carried out to spur car sales in May. (Photo: VNA) A total of 27,373 units were sold in May, surging 18 percent from the same time last year, the Vietnam Automobile Manufacturers’ Association (VAMA) said. The sales included 19,517 passenger cars, 7,345 commercial cars, and 511 special purpose vehicles. VAMA reported the sales of locally-assembled cars saw modest growth of 8 percent to 15,162 units while that of imported vehicles increased sharply by 75 percent to 12,211 units. Giants such as Truong Hai Auto Corporation (Thaco), Toyota, Mitsubishi, Ford and Honda claimed the majority of market share. Domestic automaker Thaco led car sales in Vietnam with 7,540 vehicles sold in May (down 14 percent from April), followed … [Read more...] about Promotions help boost auto sales in May

The 23rd Vietnam-France medical journey opened on June 15, aiming to share experience and expertise between the two countries and boost co-operation in the field. The event, which attracted the participation of Vietnamese Minister of Health Nguyen Thi Kim Tien, the French Ambassador to Vietnam, as well as Vietnamese and French health experts, focused on the control of non-communicable diseases (NCDs). The event also emphasised the importance of the Ngay Dau Tien project in realising the target of having 95 per cent of grass-roots healthcare centres doing management, prevention, and treatment of some NCDs before 2025 in line with Resolution No.20-NQ/TW. “Over the past years, Vietnam and French medical co-operation has been growing stronger. And the Vietnam-France medical journey is one among the countries’ deep co-operation activities, helping Vietnamese doctors update medical information and increase knowledge. This is also a chance for the two sides to share experience … [Read more...] about Vietnam and France share medical expertise

Vietnam's gas supply is forecast to fall short of demand between 2017 and 2035, due to the decline of the country's gas reserves and the delayed development of new power plants under the Power Development Plan VII, therefore, which makes it necessary to develop new gas sources, build infrastructure to develop marginal gas fields or even import liquefied natural gas (LNG). Vietnam will import LNG LNG is becoming a trend in Southeast Asia. Thailand was the first Southeast Asian country to import LNG fuel in 2011, reaching 3.95 million tonnes in 2017, up 30 per cent from the previous year. Malaysia's LNG imports increased by 40 per cent to 1.8 million tonnes. Indonesia and the Philippines, which used to be LNG exporters, will begin importing from the early 2020s, according to Nikkei. Nguyen The Huu, director of the Electricity Regulatory Authority of Vietnam (ERVAV) under the Ministry of Industry and Trade (MoIT), also stated at the Vietnam Wind Power 2019 conference that … [Read more...] about Vietnam will import LNG

The increased convenience of food delivery comes at the price of tonnes of plastic waste, Photo: Le Toan Garbage trucks in larger cities like Hanoi are filled to the brim with nylon bags bearing the names of restaurants and polystyrene food containers. Telling VIR about this garbage, Nguyen Thu Ha, a sanitation staff member in the capital, said that the quantity of plastic waste has increased significantly since the appearance of food delivery apps, especially at the areas with high building and office density. In fact, the growth of food delivery apps in Vietnam is flooding the country with takeout containers, plastic utensils, and bags and the country’s patchy recycling system cannot keep up. The vast majority of this plastic ends up discarded, buried, or burned with the rest of the trash, researchers and recyclers say. Food delivery heating up Food delivery apps like Now, GrabFood, Go-Food, and ­Vietnammm have been gathering popularity in Vietnam with their quick … [Read more...] about Food apps drown Vietnam in plastics