Lixil global manufacturing vietnam company limited

A court in Vietnam is dealing with a lawsuit filed by a foreign woman against a casino in Phu Quoc Island City off southern Kien Giang Province for failing to pay her US$1.96 million out of $2.4 million she won in gambling last year. In her petition submitted on October 11, 2021 to the provincial People's Court, the woman, just identified as T. with Italian citizenship, said she gambled at the Corona Casino, part of the Corona Resort & Casino complex on the island, from May 30 to June 9, 2021 and won a total of VND54.6 billion ($2.4 million). The casino operator is Phu Quoc-based Kongkon One Member Company Limited (Kongkon), which was hired by the complex’s investor, Phu Quoc Tourism Investment and Development JSC. After confirming T.’s reward, Kongkon paid her VND10 billion ($440,000) in three installments on May 31, June 7, and June 10, 2021. Kongkon has since failed to pay the remainder of VND44.6 billion ($1.96 million) to the gambler despite her repeated requests to … [Read more...] about Italian gambler sues Vietnam casino for unpaid $1.96mn reward

“Make in Vietnam" is an initiative/slogan launched by the Ministry of Information and Communications (MIC) in 2019, aiming to promote development of the domestic ICT industry. It calls on businesses to design, create and manufacture products in Vietnam instead of outsourcing them to help solve the nation’s problems and boost its global presence. A teacher in Hanoi at an online lesson. Such home-developed platforms like Azota is very convenient and effective for teachers, especially for online learning. The teacher with the Lang Thuong Primary School in Hanoi’s Dong Da district said it took a lot of time because she had to download, grade the work and send it back to her students. Of late, however, her burden has been considerably eased by home-developed platforms like Azota, designed specifically for generating questions and exercises. “This application is very convenient and effective for teachers, especially for online learning. For online exams, the … [Read more...] about Make-in-Vietnam key to making VN a digital powerhouse

The Vietnamese Government sees Samsung as a successful investment model in Vietnam. The Vietnamese Government is committed to creating the utmost conditions for Samsung to further expand investment and production activities in Vietnam, to form a closed-loop production chain in the fields of electronics/electricity. Prime Minister Pham Minh Chinh (r) and General Director of Samsung Vietnam Choi Joo Ho (l). Photos: Nhat Bac Prime Minister Pham Minh Chinh stressed the view in a meeting with the General Director of Samsung Vietnam Choi Joo Ho on January 20. “Local authorities are willing to assist Samsung in finding a suitable location to set up a hi-tech battery manufacturing plant,” Chinh said. According to Chinh, Vietnam-South Korea's strategic partnership has been progressing significantly in the past few years, in which Samsung’s operations in Vietnam have been a highlight. Chinh spoke highly of Samsung’s strong business performance in Vietnam despite … [Read more...] about Gov’t committed to supporting Samsung in expanding investment in Vietnam

Singaporean Ambassador to Vietnam Jaya Ratnam in an interview with the Vietnam News Agency on the threshold of the Lunar New Year (Photo: VNA) Hanoi (VNA) – Vietnam remains an attractive destination for foreign investors, including those from Singapore, thanks to the Government’s concerted efforts and measures to improve business climate and the expansion of free trade agreements, according to Singaporean Ambassador to Vietnam Jaya Ratnam. In an interview granted to the Vietnam News Agency on the threshold of the Lunar New Year, the diplomat highlighted that Singapore has been the leading source of foreign direct investment (FDI) into Vietnam for two consecutive years, with money injected into a wide range of areas such as financial and insurance services, manufacturing, real estate, and whole sale and retail trade. The Vietnam – Singapore Industrial Parks (VSIP) are the cornerstone of Singapore’s economic engagement with Vietnam, he said, adding they have attracted … [Read more...] about Vietnam – a magnet for Singaporean investors: Ambassador

Pham Phu Khoi, VPBank's Deputy General Director, receives the award. — Photo courtesy of the bank VPBank has been honoured in the “Viet Nam’s 50 Best-performing Companies” (TOP50) for five consecutive years thanks to its proactive business focus and controlling risks well during the pandemic in Viet Nam. The bank always has many active methods to support customers to overcome difficulties and continuously gain success. VPBank was also one of 20 businesses in the TOP50’s billion-US dollar club despite fierce competition in the financial banking market as well as negative impacts from the pandemic. This is an annual ranking developed by Nhip cau dau tu Magazine in tandem with Thien Viet Securities to honour the most effective companies on Viet Nam's stock exchange. To objectively assess the management capacity of enterprises, TOP50 evaluates businesses’ results of three consecutive fiscal years, based on three indicators: revenue, return on equity (ROE) and earnings per share … [Read more...] about VPBank named in Top 50 Best-performing Companies

The company’s export value, meanwhile, hit 65.5 billion USD, up 16 percent on year, according to its 2021 business report released on January 19. Samsung Vietnam attributed the outcomes to its plants’ serious implementation of pandemic prevention and control measures in line with regulations of the Vietnamese Government, particularly after the fourth wave of outbreaks began late April. The company said it received comprehensive support from the Government and the authorities in localities where its factories are located, thus avoiding interruption to their operation. Also in 2021, over 4 million Samsung foldable phones were sold worldwide, 4 times that the volume recorded in 2020. Currently, more than 50 percent of Samsung phone products are produced in Vietnam. Smart mobile phones manufactured at Samsung factories in the nation are being exported to 128 countries and territories around the world. Director General of Samsung Vietnam Choi Joo-ho said in response to the … [Read more...] about Samsung Vietnam’s 2021 revenue exceeds 74.2 billion USD