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The ceremony to sign the deal was held at the Intercontinental Landmark Hotel in Hanoi, and attended by executives from both companies, including Samsung Engineering Executive vice president GyuYeon Kang and DNP Water chairman Ngo Duc Vu. With this acquisition, Samsung Engineering holds a 24 percent stake in DNP Water, DNP Holding owns 53 percent and other stakeholders have 23 percent. DNP Water is a private enterprise that focuses on water supply business in Vietnam and is the largest private water treatment company in terms of capacity. It was spun off from the DNP Group, a manufacturer of plastic pipes, in 2017. Since then it has been growing in the water treatment business by buying private water supply assets and developing new businesses. (From L) Nguyen Van Hieu, DNP Holding CEO, Kang Gyu-yeon, Samsung Engineering EVP and Ngo Duc Vu, DNP Water Chairman at the signing ceremony. Photo by Samsung Engineering The Asian water treatment market is shifting from … [Read more...] about Samsung Engineering acquires stake in water treatment company

Shareholders voted for him to replace Dang Tat Thang, who was appointed in March after his predecessor Trinh Van Quyet was arrested for allegedly manipulating the stock market. Thang now serves as vice president of the company. Nguyen, brother-in-law of Quyet, has more than 17 years of experience in doing business and used to hold leading positions in many businesses. He was also a member of the board of directors of FLC Group from 2013 to October 2017 and from June 2018 to June 2020. FLC said it would focus on restructuring its management model and business plans this year. Several of its key leaders have been detained amid an investigation into possible stock market fraud that caused "serious damage to investors and affected the operations of Vietnam's stock exchange," according to the Ministry of Public Security. The company suffered losses of VND465 billion ($19.85 million) in the first quarter, its biggest in the last two years. … [Read more...] about FLC Group names new chairman

It made landfall along the coast of Maoming City in China's Guangdong Province at around 3 p.m. Saturday, Chinese newspapers reported. At 4 p.m. it lay centered around 320 kilometers to the east of Quang Ninh Province, home to Ha Long Bay, with a maximum wind speed of 117 kph, according to the National Center for Hydro-Meteorological Forecasting. It will move northwest at a speed of 10-15 kph and is expected to weak into a tropical depression by Sunday morning with winds decreasing to 61 kph. Vietnam’s northeastern region should expect rains of 40-80 mm, and more than 100 mm in some places, between Saturday evening and Sunday. A day earlier weather experts had expected the region to be hit by torrential downpours of up to 150-350 mm a day. Rainfall of 180 mm a day is considered heavy. Chaba is the first storm to appear over the East Sea this year. June-October is normally the rain and storm season in Vietnam. Some 10-12 storms are expected to enter Vietnamese waters this … [Read more...] about Storm Chaba poses no more danger to Vietnam’s northeast as it makes landfall

A Yoga performance at the event (Photo: VNA) Ba Ria - Vung Tau (VNA) – More than 600 yogis in the southern province of Ba Ria - Vung Tau gathered at an event on June 2 to celebrate the International Day of Yoga 2022 (June 21). Addressing the event, Vice Director of the provincial Department of Culture and Sports Nguyen Thi Anh Hong said that the International Day of Yoga is a chance for yogis to meet, exchange experience and spread Yoga spirit to the community, but also an opportunity for the Vietnam ese and Indian people to foster cultural exchanges, thus enhancing the sound relations between the two countries as well as Ba Ria-Vung Tau and India in particular. Hong said that currently, the province is home to nearly 60 Yoga clubs and 80 training facilities. Yoga has been practiced by a large number of local residents, she added. For his part, Indian Consul General in Ho Chi Minh City Madan Mohan Sethi said that Yoga connects the mind and body of humans, and … [Read more...] about International Day of Yoga marked in Ba Ria – Vung Tau

The Lao version of the Ho Chi Minh's complete works (Photo: VNA) Vientiane (VNA) – The Lao National Academy of Politics and Public Administration on July 1 announced and guided the teaching and studying of Ho Chi Minh's complete works with a collection of 15 books and a Ho Chi Minh study dictionary at the facility. At the event, Dr. Khamla Keoounkham, vice director of the academy, said that the teaching and studying of the works has a practical meaning, creating favourable conditions for researchers, scholars and teachers as well as other people interested in President Ho Chi Minh's ideology to access the late Vietnamese leader’s works. He highlighted the viewpoints in the Ho Chi Minh ideology, underlining they have guided Vietnam’s development towards socialism with Marxism-Leninism playing the role as revolutionary theory. In his works, President Ho Chi Minh showed a pure diplomacy spirit with the famous words of “helping our friends is helping ourselves,” said  … [Read more...] about Lao national academy includes Ho Chi Minh’s complete works into curriculum

A free swimming course sponsored by a local man has benefited about 1,000 children from seven to 15 years old in Phan Rang-Thap Cham City under the south-central Vietnamese province of Ninh Thuan. Le Nguyen Le Vi, a resident of the city, is the sponsor of the swimming program, which has taken place at the swimming pool of Hoa Sen Ninh Thuan Kindergarten - Elementary School from Monday to Friday every week. Children participating in the course are taught basic skills, such as swimming on their stomach, breaststroke, breathing underwater, and saving themselves from drowning. More than 2,000 children aged under 16 years in Vietnam lose their lives every year due to drowning, the World Health Organization cited an estimate in 2020. Many participants have said the course is helpful as it enables them to swim and improve their swimming safety skills. Below are photos of the free swimming course for children in Phan Rang-Thap Cham City, Ninh Thuan Province: Children take … [Read more...] about Nearly 1,000 children take free swimming lessons in south-central Vietnam