You move me moving company

In Q1, Thai Nguyen Iron And Steel JSC (TIS) witnessed its profit down by 35 per cent, to only VND29.2 billion. — VNA/VNS Photo The cost of raw materials and transportation fees have skyrocketed, causing the first-quarter profits of most steel companies to decline. Data from the Viet Nam Steel Association (VSA) showed that in the first quarter of this year, finished steel consumption reached 8.137 million tonnes, up 11.9 per cent over the same period in 2021. Of the estimate, steel exports reached about 2.275 million tonnes, with export value reaching US$2.3 billion, decreasing by 22.15 per cent in volume but up by 12.53 per cent in value over the same period last year. However, the business performance of many enterprises in the industry did not move in the same direction. The first-quarter business results report of Viet Nam Steel Corporation (TVN) showed a sharp decline in profit at member units, especially in the construction steel and galvanised steel segments. In the … [Read more...] about Steel companies report decline in Q1 profits

Blockchain or crypto is not a new term in the global aspect of investing. Recently, however, these terms are gaining wider coverage with the return of a new trend in the GameFi market – Move to Earn. Following the popular play-to-earn model that most Metaverse and NFT coins adopted, move-to-earn is the new trend in crypto. Move-to-Earn (M2E) apps allow users to earn passive income while engaged in routine physical activities such as walking, running, dancing, or simply moving around. Grasping the development of this trend, EMOVES was born. For EMOVES, users will earn in-game currency which can be used in-game or cashed out for profit. EMOVES aims to drive millions towards a healthier lifestyle "Burn calories, Earn money" with the following benefits More health, more benefits, more happiness, more friends Running greatly stimulates your heart rate and helps you burn calories especially effectively, the more calories burned, the better your health will be. Especially … [Read more...] about EMOVES – Burn to earn

Launched on May 10, the Frasers Vietnam M&A Guide provides the most comprehensive and up-to-date M&A guide in Vietnam. “It is arguably the most scintillating read of 2022 for people interested in M&A transactions in Vietnam and focuses on key regulatory considerations that need to be considered when undertaking a successful M&A deal in Vietnam,” the law firm's statement said. The second edition of the Frasers Vietnam Mergers & Acquisitions Guide launched this May M&A hit new highs in 2021, breaking all previous records despite the impact of the pandemic. As a result, Vietnam enjoys a vibrant and ever-expanding M&A market. “Opportunities for investors in the M&A market are increasingly available, across the full spectrum of industry sectors. The government continues to foster a vibrant M&A market in Vietnam, enhancing meaningful and effective legal, regulatory, administrative, and bureaucratic reforms, for the benefit of both … [Read more...] about Frasers Law Company launches second edition of M&A Guide

Germany-invested Framas Group has rented a 20,000-square-metre ready-built factory in KTG Industrial Nhon Trach 2, in the southern province of Dong Nai. Framas Group specialises in manufacturing high-quality plastic parts with customers including Nike and Adidas. Fabian Urban, director of footwear technology at Framas Vietnam, said that the reason for choosing Vietnam to open a factory is that the facilities are superior to other locations. “The establishment of this new factory is part of the group’s wider strategy to develop the footwear sector in the Vietnamese market,” said Urban. Meanwhile, Danish jewellery brand Pandora on May 12 signed an MoU to build a new jewellery crafting facility in Vietnam-Singapore Industrial Park III (VSIP) in the southern province of Binh Duong, 40km north of Ho Chi Minh City. According to Jeerasage Puranasamriddhi, chief supply officer at Pandora Production Co., Ltd., the new factory will be the company’s third manufacturing site and its first … [Read more...] about Key localities stepping up industrial real estate moves

ABB Electrification Innovation Day featured solutions that help customers embrace the power of digitalization to improve energy consumption, optimize performance and operation, and contribute to a lower carbon future. The event attracted about 200 leaders from consulting, EPC, real estate, and industrial companies. Digital solutions enable customers to efficiently maintain and manage a charging network Vietnam is considered one of the most dynamic and stable countries in Southeast Asia. The increasing population, a rising appetite for goods and services, rapid urbanization, and growing economic activities in industrial and service sectors are exerting increased pressure on energy supplies in Vietnam. Its electricity demand is forecast to increase at a high rate over the coming years with 8.5 percent per year for the 2021-2030 period. Meanwhile, the rising cost of energy is one of the biggest challenges facing businesses today. Therefore, availability of adequate and … [Read more...] about ABB Electrification Innovation Day highlights the keys to a sustainable Vietnam

Pham Thi My Lien, president of GSK Pharma Viet Nam (right) receives an investment licence from the HCM City’s People’s Committee and Department of Planning and Investment at a ceremony held on May 11 in HCM City. — Photo courtesy of the company British global healthcare company GSK has launched its new legal entity in Viet Nam – GSK Pharma Viet Nam Company Limited (GSK Vietnam) – with an investment capital of US$200 million. For over nearly three decades, GSK’s representative office in Viet Nam has contributed to preventing and treating diseases in the country with its vaccines and medicines. The company said in a press release that it aims to deliver positive impacts on healthcare quality on more than one third of the Vietnamese population in the next three years. On May 11, it announced the establishment of GSK Vietnam to continue operating and growing sustainably and responsibly in the country. It targets becoming “one of the most innovative, best performing, and trusted … [Read more...] about British healthcare firm launches $200 million VN venture