Corporate News

A worker of the Fuji Electric Industry Viet Nam plant in Ha Nam Province.— VNA/VNS Photo Nguyen Chinh Japanese Fuji Electric Viet Nam Co inaugurated a US$5 million plant in the northern province of Ha Nam on Thursday, making it the 100th project financed by Japanese enterprises in the locality. Built over nearly 11,500sq.m in Dong Van III Industrial Zone, the Fuji Electric Industry Viet Nam plant will produce electric wires used in automation applications, switchgear components and circuit protection. These products will be exported to Japan and Southeast Asian markets. Speaking at the ceremony, Vice Chairman of the provincial People's Committee Truong Quoc Huy praised the investor’s efforts in launching the plant in line with its schedule, saying that the plant will contribute to speeding up local economic growth and creating more local jobs. He vowed that local authorities will continue to create a favourable environment for the investors and others from Japan to invest … [Read more...] about Japanese firm opens $5 million plant in Ha Nam

Shin Dong Min, CEO of Shinhan Bank in Viet Nam (right), and Dang Tuyet Dung, a Visa country manager in Viet Nam and Laos, at the 2018 Global Service Quality awards ceremony. — VNA/VNS Photo The Shinhan Bank Viet Nam Limited was honoured to receive the 2018 Global Service Quality award from Visa for being the "Bank with the highest authorisation approval rate for commercial debit cards in 2018". Shinhan was the only bank in Southeast Asia to receive this prestigious award last year. The Global Service Quality awards given by Visa since 1992 recognise exceptional card operations performance by issuers, acquirers and processors around the world. Visa assesses its global clients by eligibility requirements and recognizes the highest-performing banks in each key area. To win one of the awards, banks must ensure they achieve a certain number of VisaNet processing transactions and maintain good operation performance with Visa. For the award for "Bank with the highest authorization … [Read more...] about Shinhan Bank wins 2018 Global Service Quality award from Visa

Vsmat Joy 2+ has three colors, dark blue, ruby red and magical blue. — Photo courtesy of Vingroup VinSmart Research & Production Joint Stock Company, a member of Vietnamese conglomerate Vingroup, officially launched the fourth product line of the second generation, Vsmart Joy 2+ on September 19. Vsmat Joy 2+ has two versions: 2GB RAM + 32GB ROM and 3GB RAM + 32GB ROM and three colours – dark blue, ruby red and magical blue. The prices of the two versions are VND2,990,000 (US$128) and VND3,690,000 ($158), respectively. Joy 2+ has a large 4500mAh battery that provides a perfect user experience. The battery life of the Vsmart Joy2 + will last for 22 hours of online video, 18 hours of web surfing or listening to music for more than five days. In particular, Joy 2+ is a product that uses an 18W fast charger, allowing to charge 50 per cent of battery in just over 40 minutes. The new models also use the Snapdragon 450 processor from Qualcomm, which is 25 per cent more … [Read more...] about Vingroup launches Vsmart Joy 2+ cell phone model

Le Diep Kieu Trang quit her position as a CEO of the ride-hailing firm Go-Viet. — Photo courtesy of Go-Viet Le Diep Kieu Trang, CEO of Gojek’s Viet Nam affiliate GoViet, has quit her post after just five months. This is the second departure from the same role in less than a year. Trang’s predecessor, Nguyen Vu Duc, left in March along with chief growth officer Nguyen Bao Linh. GoViet has confirmed her exit on zing.vn. “When we start out on a journey with new leadership, it is always with the best of intentions,” a spokesperson of this ride-hailing firm said. “However, after five months at the company, Trang has decided to take a different path. We always work hard to find a mutually agreeable way forward but were unable to do so in this instance, so we wish her the best in her future endeavours.” Go-Viet launched more than a year ago and provides three services, Go-Bike (two-wheelers), Go-Send (transporting goods), Go-Food (food delivery). It … [Read more...] about Ride-hailing firm Go-Viet CEO steps down

Vietnam Airlines' flight attendants. — Photo courtesy of Vietnam Airlines Vietnam Airlines will begin direct flights linking HCM City and Bali (Indonesia) as well as Phuket (Thailand) from October 27, 2019 in order to serve increasing demand for flights on these routes. Fom October 27 to the end of March 2020, the airline will operate five flights per week due to operational restrictions at Denpasar Airport in Bali. Later, it will provide flights seven times weekly. This is the second route launched by Vietnam Airlines that connects Viet Nam and Indonesia, following services between HCM City – Jakarta since December 2012 with a frequency of seven flights per week. Meanwhile, Vietnam Airlines’ third route connecting Viet Nam and Thailand - HCM City and Phuket - will be run three times weekly. This route’s frequency will be increased to daily flights starting March 2020. In another move, the airline said it will also resume operations of Da Nang - Bangkok daily … [Read more...] about Vietnam Airlines to launch new int’l routes

Coats Digital provides industry expertise combined with the practical application of technologies like Big Data and AI to deliver software solutions. — Photo Courtesy of Coats Industrial threads company Coats is launching Coats Digital to provide industry expertise combined with the practical application of the latest technologies, including Big Data and AI, to deliver software solutions. The integrated technology business brings together all its software solutions under a new single brand which describes and aligns with the offering to its customers across the apparel and footwear industries. A key aspect of Coats’ growth strategy is to build an innovative software solutions business for its customers. The benefit for Coats’ customers will be a one-stop-shop approach and a suite of progressively integrated solutions, which will also adopt the new Coats Digital branding. Coats Digital is showcasing its new brand at two forthcoming trade events to support its … [Read more...] about Coats Digital offers new software solution to customers

Cao Thi Ngoc Dung, chairperson of PNJ, receives the JNA Awards’ Lifetime Achievement Award at a ceremony in Hong Kong on Tuesday. — Photo courtesy of PNJ Cao Thi Ngoc Dung, chairperson of Phu Nhuan Jewelry Joint Stock Company, was one of three recipients of one of the highest honours in the international jewellery and gemstone industry this year, the JNA Awards’ Lifetime Achievement Award, at a ceremony held in Hong Kong on Tuesday. The fruits of her efforts can be seen in the tremendous growth of her company. After starting with an initial team of 20, PNJ currently employs nearly 7,000 people, including 1,000 skilled artisans and goldsmiths. A designer, manufacturer and retailer, PNJ sells its products through nearly 400 outlets in 55 provinces. It has a number of prominent jewellery and fashion brands like PNJGold, PNJSilver, CAO Fine Jewelry, Jemma Accessories, PNJArt, and PNJWatch. The company also exports its jewels to 13 countries. Letitia Chow, chairperson of … [Read more...] about PNJ chief wins global award for lifetime achievement

Universal Robots UR16e boasts an impressive 16-kilogramme payload capability. — Photo Courtesy of the company. Universal Robots (UR), the most trusted and widely-deployed collaborative robot manufacturer in the world, has launched its UR16e which boasts an impressive 16-kilogramme payload capability. UR16e combines the high payload with an arm reach of 900 milimetres and has a pose repeatability, the ability to precisely reproduce the same desired poses or positions, on repeat, of +/- 0.05 mm. This makes it ideal for automating tasks such as heavy-duty material handling, heavy-part handling, and machine tending. Jürgen von Hollen, president of Universal Robots, said: “With UR16e, we meet the need for a collaborative robot that can tackle heavy-duty tasks reliably and efficiently.” Viet Nams robot sales soared from about 1,600 units in 2016 to almost 8,300 units in 2017,driven by the electrical/electronic industry. Viet Nam is the second largest electronics … [Read more...] about Universal Robots launches new collaborative robot

Generali Vietnam Life Insurance LLClaunches a unit-linked insurance product called “Vita-Song Thinh Vuong” in HCM City on Sunday. — Photo courtesy of Generali Vietnam Generali Vietnam Life Insurance LLC on Sunday launched a new product called “Vita-Song Thinh Vuong” (Vita – Live Prosperously), a 2-in-1 insurance solution that offers both an investment solution and protection. Tina Nguyen, Generali Vietnam CEO, said: "Vita-Song Thinh Vuong's key competitive differentiator in the Viet Nam life insurance market is the fact that it helps customers optimise profitability when the four investment-linked funds are managed by VinaCaptial and VietFund Management, the top two fund management companies in Viet Nam. “In addition, customers can customise their investment options with flexible selection of funds to better suit their personal risk appetite and profitability expectation. Generali’s customers can also change up their investment plan … [Read more...] about Generali Vietnam launches unit-linked insurance product

A ribbon cutting ceremony for opening Hilton Da Nang hotel. it's the third Hilton hotel in Viet Nam after two projects in Ha Noi. — VNS Photo Cong Thanh Vice director of the city’s tourism department, Truong Thi Hong Hanh said the five-star hotel would help promote the city’s tourism brand and offer luxury accommodation. Hanh said the city has witnessed the landing location of world famous hospitality brands including Novotel, Sheraton, Pullman and Mercure. “Since our soft opening in December last year, Hilton Da Nang has successfully expanded its remarkable reputation in the city and international markets,” said Jesper Bach Larsen, General Manager, Hilton Da Nang. “We always look forward to welcoming our guests and are confident that Hilton Da Nang will delight both business and leisure travellers alike with its spacious rooms, state-of-the-art facilities, great culinary options, and impeccable service.” Than Ha Nhat Thong, chairman of Bach … [Read more...] about Five star Hilton Da Nang opens in central Viet Nam