CJ CGV invests heavily in cinemas

At the event (Photo: VNA)    Hanoi (VNA) – The Vietnam Airlines Corporation (Vietnam Airlines) and the Vietnam Post Corporation (Vietnam Post) on August 29 inked a cooperation pact to enhance their operation efficiency and mutual support for further development. Under the terms of the agreement, Vietnam Post will expand ticket agents of Vietnam Airlines at its transaction points and provide financial postal and deliver services for Vietnam Airlines. Meanwhile, Vietnam Airlines will serve as a provider of flight tickets and postal deliver services for Vietnam Post. Vietnam Airlines will help Vietnam Post introduce insurance services to its staff. The two sides will also coordinate to promote communications, brands and products on their channels and publications.   A contract on transporting goods by air was signed at the event, marking the first step to realise the freshly-inked agreement.  Deputy Minister of Information and Communications Nguyen Minh Hong highly appreciated the cooperation between Vietnam Airlines and Vietnam Post, hoping that the agreement will benefit both sides, contributing to the development of the two companies and the country as a whole.  Meanwhile, Chairman of the Board of Directors of Vietnam Airlines Pham Ngoc Minh said the deal is hoped to create mutual strengths of major businesses in Vietnam, thus enhancing economic effectiveness of state-run enterprises.-VNA ... [read more]

PM Nguyen Xuan Phuc (R) receives Jon Gibbs, ExxonMobil Vice President of Asia Pacific and Middle East (Source: VNA) Hanoi (VNA) – The Government of Vietnam will create favourable conditions for the US oil and gas group ExxonMobil to successfully implement cooperation programmes and projects in Vietnam, Prime Minister Nguyen Xuan Phuc has said. During a reception in Hanoi on August 29 for Jon Gibbs, ExxonMobil Vice President of Asia Pacific and Middle East, PM Phuc applauded investment projects of ExxonMobil in Vietnam, particularly cooperation projects with the Vietnam National Oil and Gas Group (PetroVietnam). For his part, Gibbs expressed his hope that the PM and the Government of Vietnam will facilitate the group’s cooperation projects with PetroVietnam so that they could be soon implemented, benefiting both sides. He also suggested the Vietnamese Government support its projects to build power plants in Vietnam in order to shorten the implementation time. PM Phuc said the Government has approved the planning scheme for the Gas Treatment and Power Centre in the central region, including projects in Quang Nam and Quang Ngai provinces, in which environmental protection and welfare of the people are the biggest requirements. He also urged ExxonMobil to continue working closely with the Electricity of Vietnam (EVN) Group, PetroVietnam and the Ministry of Industry and Trade to ensure the progress of the projects. Established in 1859, ExxonMobil is a multinational oil and gas corporation headquartered in Irving, Texas. ExxonMobil is the largest refiner in the world,…... [read more]

Thaco’s first bus parts and components shipment is exported to Kazakhstan from Chu Lai - Truong Hai Port. — Photo thacogroup.vn Truong Hai Auto Corporation (Thaco) will export 230 sets of parts and components of the County bus to Kazakhstan from now to 2018. Thaco did not disclose the export value. This is the second batch to be exported to Kazakhstan – part of the contract on exporting bus components and parts to Kazakhstan and the Commonwealth of Independent States (CIS). The first batch of 30 sets of County bus components and parts, which were manufactured by Thaco Bus Manufacturing Company Limited, was shipped to Hyundai Trans Auto (HTA) in Kazakhstan as authorised by Hyundai Motor Company. Thaco quoted its partner as saying that demand for the use of public vehicles in central Asian countries was rising, however the region’s products were unable to match the demand. The situation was challenging local automakers in Kazakhstan, along with opening cooperation opportunities for foreign businesses in meeting the demand of the local market and exports. Thaco said its County bus components and parts will be installed with car chassis imported from South Korea. The completed built-up buses were being distributed in the local market and would be exported to other countries, including Russia and Belarus. Director of Thaco Bus Nguyen Quang Bao said Thaco manufactured bus components and parts according to modern technologies, which had high level of automation, with facilities imported…... [read more]

A group of South Korean actors, singers and artists from the band TWICE, JYP Entertainment, and the nationwide cable TV network and broadcasting company JTBC are making a video about the central province of Thua Thien Hue.  One scene in the video clip. Photo: Vietnamhuetourism.vn. The filming has been organized by the provincial Department of Culture, Sports and Tourism in cooperation with the Hanatour Service Corporation, one of the largest South Korean travel companies, to introduce the beauty and cultural heritage of Thua Thien Hue to the South Korean public. The video is being filmed at the UNESCO World Heritage’s the Hue Citadel, the Khai Dinh Tomb, the Huong River, with its charming natural scenery, and at exhibitions of ao dai (Vietnam’s traditional dress). The crew also filmed neighboring Da Nang and Quang Nam province. The video is an opportunity for the local tourism sector to promote tourism in the central region to attract more international tourists, especially South Koreans. South Korea topped the list of foreign visitors to Thua Thien Hue in the first half of this year, with over 97,000, accounting for 26 per cent of the total of 414,500, which was up 6.76 per cent year-on-year.  Acknowledging the increasing number of South Korean visitors, local investors and enterprises are paying greater attention to upgrading My An and Thanh Tan hot springs, which is a popular spot among South Korean and Japanese tourists. The department also has plans to invite South Korean experts to help local businesses select…... [read more]

VietMedical organised a training course on safe practices in the operating room for nearly 100 nurses working at major hospitals in Hanoi. With safety in the operating room as one of the top priorities, VietMedical organised a training course with focus on the safe handling of electric scalpels for nearly 100 nurses from ten major hospitals in Hanoi. The operating room nurse is the right hand of a surgeon. During the surgical procedure, these nurses prepare surgical instruments for the operation and monitor the procedure to provide correct surgical instruments and assistance to the surgeon when necessary. The job requires strong professional knowledge and proficient use of surgical instruments. Scalpel is an indispensable tool in surgical procedure. According to Dr. William Halsted, a rare authority on modern medicine, there are five principles to heal surgical incision best, which are: good hemostasis, minimised damage to tissues, good preservation of blood supply, strict asepsis, minimum tension of tissues. The selection and use of the right scalpel can affect the first three principles: hemostasis, tissues handling, and blood supply. Different types of scalpels work differently and have different effect on tissues, thus the selection of the appropriate scalpel is one of the factors in a successful surgery. Electric scalpels are widely used in the operating rooms of all hospitals thanks to their advantages, such as effective cutting and cauterising  and rapid hemostasis. However, there are still accidents resulting in burns…... [read more]

State-owned oil and gas group PetroVietnam is preparing to declare a shipyard it controls bankrupt after reporting more than a combined $460 million in debt and losses at the end of last year. In a report filed to the trade ministry, the energy giant asked for permission to sell Dung Quat Shipyard in the central province of Quang Ngai. If no buyer can be found, it will hold a bankruptcy sale, it said. PetroVietnam took over the shipyard from the debt-ridden shipbuilder Vinashin in 2010 as part of the government’s efforts to rescue the latter. Vinashin, which had piled up $4.5 billion in debt, was restructured into the Shipbuilding Industry Corporation in 2013. Dung Quat owed nearly VND7.5 trillion ($330 million) at the time, almost twice its registered capital, and the financial woes have never been solved. PetroVietnam said it has pumped VND5.1 trillion ($224 million) into trying to keep the business afloat, but with little success. By the end of last year, losses at Dung Quat had escalated to VND3.72 trillion ($163.6 million), besides VND6.9 trillion ($304 million) in debts. The shipyard employs more than 1,200 workers, according to local media reports. No plans have been revealed on the compensation or support they will receive if the proposal is approved.... [read more]

Vietnam Urban Development Technology Seminar for government authorities and Vietnamese businesses has shared innovative technologies and experiences in urban development, and acted as an important milestone of strengthening Vietnamese-Korean bilateral relationships. The seminar saw widescale participation from delegates and urban development experts of Vietnamese authorities Vietnam Urban Development Technology Seminar was co-organised by the Korea Trade-Investment Promotion Agency (KOTRA) and Heerim Architects & Planners Co., Ltd. (Heerim) on August 28, 2017. The seminar attracted the participation of delegates and urban development experts of Vietnamese government authorities, relevant universities and businesses, including Hanoi Department of Planning and Architecture, National University of Civil Engineering, and Housing and Urban Development Corporation (HUD Group), among others. Professor Yu Jai Deuk, Representative of ILLO Architecture Company and Professor of Satellite Cities Faculty at South Korea Hongik University Especially, the presentation of Professor Yu Jai Deuk, representative of ILLO Architecture Company and Professor of Satellite Cities Faculty at South Korea Hongik University, and Kim Young Hoon, senior vice president of Urban and Landscape Design Studio of Heerim, provided valuable knowledge and shared experiences of transportation, housing, open space, and housing planning in the cities of Korea. Besides, the seminar also introduced a wide range of innovative technologies that have been applied throughout Korea’s urban development. This new and useful knowledge is expected to contribute to the technical advancement in urban development…... [read more]

Since its inception in 2003, the ASEAN Business Advisory Council (ASEAN BAC) has been actively engaged in promoting the public-private partnership model and consulting integration in the ASEAN Community. The ASEAN Business Awards (ABA), held annually since 2007, aim to honour ASEAN businesses making significant contributions to the overall prosperity of the ASEAN economy. The ABA Awards is designed not only to honour outstanding companies in the region but also serve as an effective ASEAN Economic Community (AEC) communication channel. Furthermore, joining ABA 2017 will be an opportunity for Vietnamese businesses to promote their image in the region and in the international arena. The award will be presented by ASEAN leaders at the ASEAN Business and Investment Summit (ASEAN BIS) on the sidelines of the 50th ASEAN Summit in the Philippines in September. Registering for ABA 2017 entries are free of charge. ABA Awards 2017 consists of 12 Sector Awards for outstanding businesses in 12 priority ASEAN integration sectors (agriculture, automotive, aviation, e-commerce, electronics, fisheries, health, logistics, rubber, garment and textile, tourism and wood), SME Excellence Award (based on such criteria as growth, employment, innovation, corporate social responsibility). In addition, ABA Awards 2017 also include awards for young entrepreneurs, women entrepreneurs and foreign entrepreneurs with ASEAN partners. At the first ABA Awards in 2007, Vietnam had three companies in the final round: Hoa Tho Textile & Garment Joint Stock Corporation, Asia Commercial Bank and Saigon Paper Corporation. In 2008, Vietnam had only one representative, Saigon Morin Hue…... [read more]

In the past time, effective investment promotion and business support have contributed to increasing the appeal of the investment environment and, more importantly, attracting many investors to Soc Trang province. The following interview with Ms Huynh Thi Ngoc Huong, Director of the Soc Trang Investment Promotion and Business Support Centre, will shed light on this issue. Hoang Lam reports. Soc Trang province possesses numerous advantages to attract investors. What are those advantages? Apart from the potential for agricultural development, industry and service are also the province’s strengths in investment attraction. Many big projects have been licensed into the province, including Long Phu 1 thermal power plant invested by Vietnam National Oil and Gas Group (PetroVietnam), Lac Hoa wind power plant (first phase) invested by Technology Development Construction Joint Stock Company (TDC), garment and textile projects invested by Tuntex Company, Best Way Company and Youngone Nam Dinh Co., Ltd. They have actively contributed to local Socio-economic development and created jobs for tens of thousands of workers. Besides, many other companies and investors are applying for investment projects in the province, for example Long Phu 2 thermal power plant invested by TATA Power Group (India), a wind power plant invested by Phu Cuong Group, Cong Ly wind power plant invested by Cong Ly - Construction - Trading - Tourism Co., Ltd. Furthermore, trade and tourism are also huge potential of Soc Trang to attract domestic and foreign investors. In addition to diverse resources for economic development, the Provincial Party…... [read more]

Assigned to manage, operate and utilise technical infrastructure works in environment, drainage, green space and public lighting, Soc Trang Public Works One Member Limited Company always fulfils its roles and responsibility and to shape clean, lovely and green urban areas for Soc Trang province. Well-decorated streets, roadside trees, and busy parks all create a lively picture of modern, dynamic and lively Soc Trang City - are the outcomes of a continuous urbanisation process of Soc Trang province. This is a continuous process of Soc Trang province in planning and embellishing urban areas and infrastructure works. This is a great source of motivation for economic growth and public service. A significant contribution has been made by Soc Trang Public Works One Member Limited Company, which always tries its best to improve the urban space for Soc Trang City, the capital of Soc Trang province. As a manager, operator and user of technical infrastructure works in environment, drainage, greenery and public lighting, the corporation always completes its assigned tasks by carrying out important urbanisation investment projects in Soc Trang City. Particularly, Soc Trang City water drainage and treatment system construction investment project restored and upgraded 11.5km of sewers in Soc Trang City and built a wastewater treatment plant with a daily capacity of 13,180 cubic metres. Operated since 2013, the first-phase cost some EUR6 million from official development assistance (ODA), funded by KfW Development Bank (Germany) and domestic counterpart sources. Besides, the company was assigned to…... [read more]

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