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
Plastic bag on head
Hanoi develops green agriculture
Green agriculture is a closed production process through applying scientific and technical advances, biotechnology and physicochemical technology. Green agriculture is a sustainable direction that Hanoi has been making effort to develop, according to Deputy Director of the municipal Department of Agriculture and Rural Development Nguyen Manh Phuong. Green agriculture is an inevitable orientation of modern agriculture, Phuong said, adding that Hanoi has recently switched more than 40,227 hectares of rice land to new agricultural production models. Besides, developing green agriculture also helps to raise people's awareness on environment protection, reduce greenhouse gas emissions and pollution, the deputy director stressed. Rice cultivation by modern method brings high efficiency in Hanoi outskirt district of Ung Hoa. Photo: Ngoc Anh Head of the Ung Hoa District Economic Division Pham Van Hoach said that in nearly 20 years of implementing green … [Read more...] about Hanoi develops green agriculture
“Japan Street” to bolster Vietnam-Japan business cooperation: JETRO
More than 100 Japanese companies in the food industry and 30 in cosmetics are looking for partners and expanding business in Vietnam. Japan Street, an online catalog site, is expected to further enhance business cooperation between Vietnamese and Japanese enterprises and further contribute to bilateral relations. Deputy Head of JETRO in Hanoi Keisuke Kobayashi at the event. Photo: Hai Yen Project Manager at the Japan External Trade Organization (JETRO) in Hanoi Yutaka Yasunaga stressed the view during a press briefing on the platform held today [June 30]. According to Yasunaga, “Japan Street” would help connect Japanese suppliers with overseas buyers, including those from Vietnam. Yasunaga said that the Covid-19 pandemic and the restriction measures adopted by countries around the world have made it difficult to set up direct meetings between buyers and suppliers. “An online platform, therefore, is considered an effective solution to avoid disruption to … [Read more...] about “Japan Street” to bolster Vietnam-Japan business cooperation: JETRO
National conference reviews 10-year corruption fight
The national conference in Hanoi on June 30 (Photo: VNA) Hanoi (VNA) – The Politburo held a national conference in Hanoi on June 30 to review the fight against corruption and negative phenomena during 2012 - 2022 and identify orientations for the work in the time ahead. The hybrid event saw the presence of Party General Secretary Nguyen Phu Trong, head of the Central Steering Committee for Corruption and Negative Phenomena Prevention and Control; President Nguyen Xuan Phuc; Prime Minister Pham Minh Chinh; along with key officials of central agencies and the 63 localities. At its fifth session in May 2012, the 11th-tenure Party Central Committee decided to establish the National Steering Committee for Corruption Prevention and Control under the Politburo which is chaired by the Party General Secretary so as to ensure comprehensive leadership over the corruption combat nationwide. On September 16, 2021, the Politburo issued Regulation No. 32-QD/TW that expands the … [Read more...] about National conference reviews 10-year corruption fight
Home Credit publishes its 2021 Sustainability Report
The report aligns with the United Nations 17 Sustainable Development Goals and covers all company’s markets “This sustainability report marks an important milestone in our journey as a responsible, inclusive business, that has ESG principles firmly embedded in its values and DNA,” said Jean-Pascal Duvieusart, CEO at Home Credit Group. “I would like to thank all our employees, who continue to demonstrate creativity, passion, and dedication in everything they do. They are living proof that when ESG is consciously embedded in our culture and mindsets, real change happens,” Duvieusart said. Jiri Smejc, CEO of PPF Group and chairman of the board of Home Credit Group said, “Fairness to customers, employees, and communities has always been part of our DNA. It is who we are. ESG principles now give us a tool to show our responsible business practices in a formal, comprehensive way. And I am proud that we can already count a number of milestones on our ESG journey.” Digital … [Read more...] about Home Credit publishes its 2021 Sustainability Report
Haiphong promotes renewable energy investment in industrial parks
The Renewable Energy in Sustainable Industrial Parks conference was organised by the Haiphong Economic Zone Management Board in collaboration with the Embassy of the UK, the nation's Chamber of Commerce and Industry, and Star Do Group. Head of the Haiphong Economic Zone Management Board Le Trung Kien asserted the green development demand of Haiphong city and its industrial parks and economic zones. Photo: Thanh Son Attendees at the conference were Harry Rawicz-Szczerbo, head of the Trade and Investment Department at the UK Embassy; Le Trung Kien, member of the city Party Committee's Standing Board and head of the Haiphong Economic Zone Authority; Mark Shorrock, chairman of Shire Oak International; Nguyen Thanh Phuong, CEO of Sao Do Group; and representatives of Haiphong's departments and agencies, investors, and businesses. Mark Shorrock, chairman of Shire Oak International, talked about the renewable energy demand of businesses in the RE100 group. Photo: Thu … [Read more...] about Haiphong promotes renewable energy investment in industrial parks