The group has simultaneously engaged in corporate social responsibility (CSR) initiatives through joining hands with the Vietnamese government in a string of important projects to deal with urgent environmental issues and improve local people’s lives. Strong investment in Vietnam Leaders of Hanwha Group, Hanwha Life Vietnam, and representatives of ISA celebrating Hanwha Life Vietnam’s 10th establishment anniversary Vietnam’s economic transformation presents exciting opportunities for Hanwha, whose business spans diverse industries, including solar energy, aerospace, machinery, and finance. Hanwha’s advanced technologies and capital power, coupled with Vietnam’s vast workforce and growth potential, lead to exciting new opportunities. Recently, Hanwha Investment and Securities has become a major shareholder holding more than 9 million shares of Hanoi-based HFT Securities, equivalent to $4.3 million. With this, the company acquired 90.05 per cent of … [Read more...] about Hanwha Group committed to sustainable development in Vietnam
Korean health industry development institute
BUSINESS NEWS IN BRIEF 30/3
Creating favourable conditions for logistics development After two years of implementing the Prime Minister’s Decision 200/QĐ-TTg on the action plan for improving the competitiveness and development of Vietnam’s logistics by 2025 the logistics industry in general and the capacity of logistics enterprises have made significant progress. According to the Vietnam Association of Logistics Service Enterprises (VLA), along with the GDP growth rate, industrial production value, export and import turnover or value of retail sales and consumer services, Vietnams’ logistics service has reached a relatively high growth rate over recent time, rising from 12% to 14%. In addition, logistics infrastructure has also been improved over the past two years. The number of logistics centres, distribution centres, dry ports and bonded warehouses are increasing and they are also being upgraded technically. Many logistics centres have applied information technology in goods … [Read more...] about BUSINESS NEWS IN BRIEF 30/3
BUSINESS NEWS IN BRIEF 20/3
Processing, packaging exhibition opens in Ho Chi Minh City The ProPak Vietnam 2019 attracts 540 exhibitors. (Photo: thegioitiepthi.vn) The 14th International Processing and Packaging Exhibition and Conference (ProPak Vietnam 2019) kicked off at the Saigon Exhibition and Convention Centre in Ho Chi Minh City on March 19. The three-day event attracts the participation of 540 exhibitors from 31 countries and territories, including first-timers such as Vietnam’s Dai Chinh Quang and Thien An Loc companies, China’s Beijing Omori Packing Machinery , and Sidel India. BT Tee, General Manager of UBM VES – the exhibition’s organiser, stated that the processing and packaging sector is facing several difficulties, including the overuse of plastics in production and the lack of orientations on environmental protection. Therefore, Propak 2019 wants to introduce new technologies that can solve these challenges. Paolo Lemma, Italian Trade Counselor in Vietnam, said that Propak … [Read more...] about BUSINESS NEWS IN BRIEF 20/3
BUSINESS NEWS IN BRIEF 13/3
Substandard products removed from Ministry’s list The Ministry of Agriculture and Rural Development has removed unsafe and substandard pesticide, veterinary medicine, fertilizer from its list. 1,774 pesticide products; 1,052 veterinary medicine and 3,621 fertilizers were banned in Vietnam as per the Ministry’s decision. Additionally, the Ministry said that there has been progress in linkage between farmers and enterprises in consumption and supply chains of safe agricultural produce. There has been 1,249 supply chains with 1,450 safe products and 3,181 places to sell safe products in 63 cities and provinces. Enterprises such as Vingroup, Dabaco, Hung Nhon, Sanha, Ba Huan poured its investment in cooperatives and household farms to provide high qualified agricultural products on a large scale. Vietnam Cooperative Alliance also set up supermarket chains connecting with over 100 agricultural cooperatives to form supply chains of safe farm produce. There have been … [Read more...] about BUSINESS NEWS IN BRIEF 13/3
BUSINESS NEWS IN BRIEF 7/11
Japanese investors explore Ha Nam’s investment environment Ha Nam province will create favourable conditions to attract more Japanese businesses to invest in local projects, said Vice Chairman of the provincial People’s Committee Truong Quoc Huy. During his working session with a business delegation from Japan’s Nagahama city on November 5, Huy affirmed that Ha Nam always considers Japan an important partner in cooperation and investment attraction. Enterprises investing in Ha Nam will be supported in terms of electricity, water, worker recruitment and security, he said. The province has earmarked Dong Van III Industrial Park, which has a favourable location and well-built infrastructure, for Japanese investors, the official said. Huy told his guests that Ha Nam highly evaluated Japanese companies’ investment capacity and cooperation, adding that Japanese firms have always observed their investment commitments to the province, had good working environments and … [Read more...] about BUSINESS NEWS IN BRIEF 7/11