Samsung Engineering and DNP Water sign the agreement. Samsung Engineering plans to actively target Viet Nam as a base for the Asian water treatment market. — Photo courtesy of the firm Samsung Engineering, one of the world’s leading engineering, procurement, construction and project management (EPC&PM) companies and Dong Nai Plastic (DNP) Water on Wednesday signed an agreement to acquire a 24 per cent stake in the Vietnamese water treatment company for about 52.7 billion KRW (US$41 million). With this acquisition, Samsung Engineering will hold 24 per cent of the stake in DNP Water, DNP Holding will hold 53 per cent, and other stakeholders 23 per cent. DNP Water is a private enterprise that focuses on local water supply businesses and is the largest private water treatment company in Viet Nam in terms of treatment capacity. It was spun off from the DNP Group, a manufacturer of plastic piping, in 2017. Since then, it has been growing in the water treatment business by … [Read more...] about Samsung Engineering acquires stake in Vietnamese DNP Water
Overuse of plastic bags
Though the cuisine at Hoang Hoa Tham Market in Ho Chi Minh City may not be esthetically attractive, it is delicious, affordable, and a true taste of local culture. And the best part? Diners can walk away with a full meal for US$5 or less at this market. Hoang Hoa Tham Market on Hoang Hoa Tham Street, Tan Binh District, Ho Chi Minh City is packed with vendors hawking clothes, fabrics, household wares, thrifted goods, and some of the cheapest, most delicious meals in town. Sup cua (crab soup) is a popular dish in Ho Chi Minh City, particularly among white-collar employees and the elderly. Crab soup is hot, easy to eat, packed with flavor, and deliciously greasy, making it an ideal breakfast or afternoon snack. A cup of ‘sup cua’ (crab soup) from a stall at Hoang Hoa Tham Market, Tan Binh District, Ho Chi Minh City. Photo: Minh Duc / Tuoi Tre At a junction between the busy stalls at Hoang Hoa Tham Market sits a nameless sup cua cart with no signs, merely a … [Read more...] about What you can eat for US$5 or less at this Ho Chi Minh City market?
This river trash capture tool (hereinafter referred to as a “trash trapper”) is financially supported and technically advised by US-based NGO Ocean Conservancy through “Strategic Plastic Litter Abatement in the Song Hong” project. This project is managed and implemented by MCD in collaboration with the Nam Dinh DONRE and other local and national partners. The event was attended by national-level government representatives from the Vietnam Administration of Sea and Islands; the Vietnam Inland Waterways Administration and its Northern Branch; Vietnam Academy for Water Resources; and from MCD; the delegates who participated in the event from Nam Dinh province include: leaders and officers of the DONRE; representatives of the Department of Transport, Department of Agriculture and Rural Development, Traffic Police Division, Riverway Management Company No. 5; representatives of the Division of Natural Resources and Environment of Nam Dinh city and the People's Committee of Tran Te … [Read more...] about River trash capture tool launched in Nam Dinh Province
Illustrative image (Source: VNA) Hanoi (VNA) – An online conference will take place from July 5 - 6 to connect Vietnamese and Japanese businesses in the support industries, aiming to help domestic firms seek partners and boost exports. The event, held by the Vietnam Trade Promotion Agency (Vietrade), Vietnam’s Trade Office in Japan, and the ASEAN - Japan Centre , will also help Vietnam ese businesses in the support industries to access new trends in the market, advanced technologies, and potential partners from Japan in order to develop more professionally. It will assist enterprises in Vietnam to maintain connectivity with the Japanese side and explore export opportunities, according to Vietrade. Statistics show that over the past years, Vietnamese companies have developed in terms of both quantity and quality. They have improved production capacity and are increasingly engaged in global production chains. The number of those firms currently accounts for … [Read more...] about Virtual event to connect Vietnamese, Japanese firms in support industries
FPT Corporation's software programmers. FPT lost 4.3 per cent Thursday. — VNA/VNS Photo Danh Lam Vietnamese shares ended Thursday in a sombre mood amid increasing selling pressure which caused the VN-Index to retreat from the 1,200-point mark. On the Ho Chi Minh Stock Exchange (HoSE), the VN-Index decreased 1.68 per cent, to end at 1,197.60 points. It had increased 1.27 per cent, to end Wednesday at 1,218.10 points. More than 510 million shares were traded on the southern bourse, equivalent to VND11.3 trillion (US$485.6 million). Market breadth was negative with 371 losers and 89 gainers. Banking stocks lost ground with losers including Military Bank (MBB), Techcombank (TCB), Bank for Investment and Development of Viet Nam (BID), VietinBank (CTG), Viet Nam International Commercial JS Bank (VIB), Saigon-Hanoi Commercial JS Bank (SHB), Tien Phong Bank (TPB) and Vietcombank (VCB). Energy stocks suffered selling pressure with losers such as Viet Nam National Petroleum Group … [Read more...] about Shares end lower as selling pressure increases