Medicated oil gold medal

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

Economic value The Ministry of Natural Resources and Environment recently coordinated with the Party Central Committee’s Economic Commission and relevant units to organize a forum on sustainable development of Vietnam's marine economy in 2022 in Phu Yen Province. Deputy Minister of Natural Resources and Environment Le Minh Ngan told the gathering that marine tourism brings 70 percent of revenue to the country’s tourism industry; sea freight transport reached 85.1 million tonnes; oil and gas production reached 18.43 million tonnes (crude oil production was 10.97 million tonnes). The output of fisheries production reached 3.92 million tonnes; and aquaculture 4.805 million tonnes. Investment in infrastructure development is needed to connect dynamic coastal economic zones Investments have been poured into construction of traffic infrastructure connecting big economic urban centers and economic zones to sea ports, and linking northern with southern, eastern with … [Read more...] about Vietnam’s marine economy unleashes major potential

The event was attended by Director of the General Department of Political Affairs General Luong Cuong, Chief of the General Staff and Deputy Defense Minister Senior Lieutenant General Nguyen Tan Cuong, among others. Reportedly, under the leadership of the Central Military Commission and the Ministry of National Defense (MND), the whole-military has maintained combat readiness, managed the sky, the sea and the land, and promptly dealt with emerging situations. The military has collaborated with the public security force, sent troops and vehicles to help flood-affected people in Northern and North Central Coast provinces. On the other hands, the training work has been directed closely, with the focus on examining training quality of the first period, training teams participating to the International Army Games in 2022, and new recruits. The MND has well prepared for military schools’ entrance exam in 2022, directed military-defense tasks at all levels. The agency held ceremonies to … [Read more...] about MND reviews task performance in June

NA Chairman Vuong Dinh Hue (L) and Speaker of the UK's House of Commons Lindsay Hoyle. (Photo: VNA) Hanoi (VNA) - National Assembly (NA) Chairman Vuong Dinh Hue's visits to Hungary and the UK from June 26-30 concluded successfully, thus greatly promoting the Vietnam-Hungary comprehensive partnership and deepening the Vietnam-UK strategic partnership, said Vu Hai Ha, Chairman of the NA's Commission for External Relations. Ha told the press that the NA leader’s visit to Hungary, the first comprehensive partner of Vietnam in Central and Eastern Europe, took place when the two countries have just celebrated the 72th founding anniversary of diplomatic relations and are looking towards the 5th founding anniversary of comprehensive partnership. The Vietnamese leader’s talks and meetings with Hungarian leaders took place in a sincere, open and trustful atmosphere, Ha said, adding that Speaker of the Hungarian NA László Kövér and Hungarian Prime Minister Viktor Orban underlined … [Read more...] about NA Chairman’s visits enhance Vietnam’s ties with Hungary, UK

A worker at a factory of Hung Viet Garment JSC (Photo: VNA) Hanoi (VNS/VNA) - Textile and garment export turnover in the first six months of 2022 is estimated to increase 23% on-year to about 22 billion USD, reaching the highest level ever, according to the Vietnam Textile and Apparel Association. Of which, the US market played an essential role for the industry. Data from the General Department of Customs of Vietnam showed that textile and garment export s in the first five months of 2022 to the US market increased by 26% over last year to 7.58 billion USD, accounting for 57% of the total value of Vietnam’s textile and garment exports. The newly updated report by Viet Dragon Securities JSC (VDSC) said that these figures imply that the prospects of the country’s textile and garment industry will depend heavily on economic development s in the US market. However, in the second half of 2022, VDSC forecasts that the demand for textiles and garments will tend to decrease … [Read more...] about Textile enterprises’ results mixed in second half of 2022

Capital Place, a Grade A office building (left) in Hanoi. Office real estate market will receive more Grade A office building projects due to increasing demand. (Photo baodautu.vn) Hanoi (VNS/VNA) - Office real estate is thriving, with new Grade A buildings entering the Hanoi market at the end of the year, according to Savills Vietnam. By the end of 2022, six new projects are expected. The only Grade A building will be Techcombank Tower on Quang Trung street. This project follows the opening of another international Grade A building , Capital Place . “Tenants can pick from a variety of new high-quality Grade A properties entering soon, mostly in Hoan Kiem, Ba Dinh and Tay Ho districts. New properties will compete with existing buildings in terms of quality, services and pricing," said Hoang Nguyet Minh, Senior Director of Commercial Leasing, Savills Hanoi. "Hanoi’s office supply is lower than regional peers like Singapore or Bangkok. However, the rents are … [Read more...] about Hanoi market sees strong development in premium offices