Lotte Group and Van Phu - Invest enter co-operative partnership

08:35 | 20/06/2020 Vietnamese Brands Follow Ven.vn on

Lotte Land, the real estate arm belonging to South Korean giant Lotte Group,signed a co-operative agreement on June 8thwith its local partner Van Phu – Invest (HOSEsymbol: VPI) to develop projects across Vietnam. Accordingly, Lotte Land and Van Phu - Invest will set up joint venturesto start several residential and commercial real estate projects throughout the country.

As both groups boast a significant track record –ranging from feasibility studies tothe execution of project deployments –their co-operation is expected to augment each side’s resources, providing a catalyst to spur development.

lotte group and van phu invest enter co operative partnership

The Terra – An Hung project based in Hanoi, developed by Van Phu – Invest

With over 15 yearsof experience in the real estate field, particularly in the planning and deployment of urban real estate projects in many cities and provinces throughout Vietnam, Van Phu Invest holds a crucial role in land site study and associated planning criteria, helping to ensure an effective investment.

Moreover, Van Phu - Invest possesseslarge land funds in several good locations along the coastline orin bustling urban centres, such as Hanoi, Bac Ninh, Quang Ninh, Hai Phong, Vung Tau, Ho Chi Minh City, and Can Tho. Finally, the group’sdiverse portfolio features large-scale residential and commercial real estates across different market segments.

Meanwhile, Lotte Groupis a powerful multi-national and multi-disciplinary enterprise that is headquartered in Seoul. Lotte is currently the fifth-largest conglomerate in South Korea and ranked among the top 10 in Asia, with more than 120,000 local and 60,000+ overseas employees. Since the group’s foundation in 1948, it has made significant contributions to the South Korean economy.

Lotte Group hasmade forays into Vietnam since 1996 and can show off some impressive results. The recent move in which the group’s real estate arm, Lotte Land, shook hands with Van Phu - Invest is deemed a positive one, helping the groupto scale up its investment in Vietnam.

Leveraging both sides’ synergies, Lotte Land and Van Phu - Invest’s co-operation promises to usher in new development opportunities for the two businesses, simultaneously paving the way for giving birth to new sizable projects of regional significance in Vietnam in the near future.

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Herbalife Nutrition celebrates its 13th anniversary in Vietnam

17:54 | 19/12/2022 Vietnamese Brands

Premier nutrition company Herbalife Nutrition recently celebrated 13 years of presence in Vietnam, with unwavering commitment to helping people improve their nutrition habits to live a healthier life. Officially starting its operations in Vietnam in 2009, today Herbalife has become one of the 500 largest companies in Vietnam and a market leader in the nutrition space.

Coca-Cola to reveal new stories in Tet 2023 campaign

09:59 | 19/12/2022 Vietnamese Brands

(VEN) - Vietnam, December 16, 2022 – Coca-Cola Vietnam officially kicks off 2023 Tet campaign with the message "Tet may change, the magic remains" to highlight the unchanging value of family reunion meals during Tet, despite passing generations.

Roche Pharma Vietnam awarded for contributions to the fund for cancer patients

15:44 | 16/12/2022 Vietnamese Brands

At the 10-year anniversary of the Bright Future Fund (BFF) and fundraising to support underprivileged cancer patients, Roche Pharma Vietnam was honored to receive a prestigious Certificate of Merit from the Minister of Health for significant contributions to the fund.

Piaggio Vietnam affirms important position as it celebrates 15th anniversary

19:33 | 12/12/2022 Vietnamese Brands

Piaggio set up its direct presence in Vietnam 15 years ago and built two plants, vehicle and engine, and a Research and Development center in Vinh Phuc province. At that time, Piaggio decided that Vietnam would be a hub for all Asian markets becoming a trend setter company from a business model point of view.

Coca-Cola, top 4 most sustainable companies in Vietnam

11:40 | 12/12/2022 Vietnamese Brands

Hanoi, December 1st, 2022 – Coca-Cola Vietnam was named among Vietnam’s 4 most sustainable companies at the Vietnam Corporate Sustainability Forum 2022, organized by the Vietnam Chamber of Commerce and Industry (VCCI) in cooperation with the Vietnam Business Council for Sustainable Development (VBCSD).

Panasonic launches "Live Green and Wellness with Gen G" campaign

10:11 | 12/12/2022 Vietnamese Brands

Panasonic Vietnam officially launched the campaign “Live Green and Wellness with Gen G” to inspire Vietnamese young people and all concerned public, to lead an environment-friendly and comprehensively healthy lifestyle, actively contributing to wellness and sustainable development of Vietnam.

Vasta Stone - sintered stone brand launched in Vietnam

09:55 | 12/12/2022 Startups

(VEN) - Vasta Stone, a manufacturer of sintered stone, has been introduced to the market, becoming a brand of sintered stone products with a maximum size of up to 160x320cm in Vietnam.

Petrovietnam marks significant achievements

18:00 | 11/12/2022 Vietnamese Brands

(VEN) - As it marks the 61st Traditional Day of the Vietnam oil and gas industry, the Vietnam Oil and Gas Group (Petrovietnam) is looking back with pride at its achievements in overcoming the difficult pandemic period, which have helped restore confidence in the group and won praise from Party and government leaders.

Nestlé Vietnam boosts investment, enhances value of Vietnam’s export products

18:00 | 10/12/2022 Vietnamese Brands

(VEN) - Seeking to transform Vietnam into a production and supply hub of high-value coffee for domestic and international markets, Nestlé Vietnam has been investing in intensive processing technologies and developing sustainable raw materials. The company operates four factories and two distribution centers with more than 2,000 employees in Dong Nai and Hung Yen provinces.

MVV Academy accompanies BIDV to launch digital platform to support SMEs

17:03 | 08/12/2022 Vietnamese Brands

The Bank for Investment and Development of Vietnam (BIDV) today launched BIDV SMEasy digital platform to support SMEs. The platform is sponsored by the Asian Development Bank (ADB), while MVV Academy is a consulting and development unit.

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Lao mission in Geneva joins Vietnamese counterparts on Lunar New Year festival

07:04 | 30/01/2023 Vietnam and ASEAN

Ambassador Latsamy Keomany, Head of the Lao Permanent Mission to the UN, WTO and other international organisations in Geneva, has extended best wishes to Vietnamese Ambassador Le Thi Tuyet Mai and staff on the occasion of Tet (Lunar New Year) festival.

Intertwined opportunities, challenges for Vietnam’s economy in 2023

07:00 | 30/01/2023 Economy

With certain headwinds predicted for the global economy in 2023, Vietnam too, faces considerable challenges. But opportunities are also significant if concerted and appropriate solutions are taken, an expert has said.

Tourism is back, big time

06:00 | 30/01/2023 Tourism

(VEN) - Although it failed to achieve the goal of welcoming five million foreign tourists in 2022, major tourism sector efforts have resulted in its strong recovery during the final months of the year, promising even more positive changes in 2023.

Việt Nam supports expansion of UN Security Council

06:00 | 30/01/2023 Policy

Addressing the first meeting of the Intergovernmental Negotiations on Security Council reform at the 77th UN General Assembly on January 26 (local time) in New York, Ambassador Nguyễn Phương Trà also emphasised improving the working method of the UNSC and limiting the use of veto power.

Trang A Chu’s unique homestay

06:00 | 29/01/2023 Entertainment

(VEN) - The A Chu Homestay in Son La Province’s Hua Tat Village welcomes as many as 3,000 foreign visitors annually, but it did not start out that way. In fact, it was on the verge of shutting down just a few years ago.

Vietnam, Malaysia target trade growth

06:00 | 02/11/2022 Vietnam and other regions

(VEN) - The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) will take effect for Malaysia on November 29, 2022. This significant event is expected to increase its bilateral trade with Vietnam.

Energy industry masters advanced technologies

06:00 | 09/11/2022 Energy

(VEN) - Enterprises and research units in the field of energy, especially in the electricity industry, have taken the lead in mastering advanced technologies, achieving practical results and ensuring energy security.

Shinhan Life Vietnam introduces flexible term life insurance product

14:45 | 03/01/2023 Companies

Shinhan Life Vietnam recently launched life insurance “Shinhan – Song Khoe with Fantastic Four S-Plus”. This is a flexible insurance solution that offers a wide range of options to optimize protection for each customer.

Surge in trade with New Zealand

06:00 | 07/11/2022 Vietnam and other regions

(VEN) - Vietnam's export value to New Zealand currently accounts for only 1.7 percent of that market's total import value, offering opportunities for increased Vietnamese sales.

Revision underway of e-transaction law

06:00 | 08/11/2022 Finance-Banking

(VEN) - Vietnam’s digital banking transactions have achieved an average annual growth of 40 percent, ranking it among the world’s top growers in this field.

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Norwegian Ambassador experiences Vietnamese Tet traditions

06:00 | 28/01/2023 Lifestyle

Norwegian Ambassador to Vietnam Hilde Solbakken and her family are enjoying a lot of Vietnamese traditions during their first Tet (Lunar New Year) in the country, including “xin chu” (asking for calligraphy from scholars).

Fireworks soar across Vietnam ringing in Year of the Cat

13:07 | 22/01/2023 Photo

Colourful fireworks lit up major cities across Vietnam Sunday night in an exuberant celebration of the Lunar New Year.

The cat in Vietnamese culture

13:00 | 22/01/2023 Lifestyle

(VEN) - The new lunar year (2023) is designated the Year of the Cat, one of the 12 Vietnamese zodiac animals and a strong favorite on the list that also includes the Rat, Buffalo, Tiger, Dragon, Snake, Horse, Goat, Monkey, Rooster, Dog, and Pig). Unlike most of the other animals, in modern society the cat has become a close friend of both children and adults.

Sa Dec Flower Village, an attractive destination in Tet

16:11 | 11/01/2023 Tourism

Sa Dec Flower Village in Dong Thap Province has been well-known for a long time as the flower capital of the Mekong Delta and one of the country's largest suppliers of flowers for cities and provinces nationwide and even abroad.

Da Nang tops Vietnam's tourism competitiveness rankings

15:37 | 11/01/2023 Longform

It attributed the result to the city's strengths in transport and tourism service infrastructure, readiness to apply advanced information and technology as well as environmental sustainability.

Policy

Việt Nam supports expansion of UN Security Council

06:00 | 30/01/2023 Policy

Prime Minister assigns tasks to Deputy Prime Ministers

07:00 | 17/01/2023 Policy

Prime Minister Pham Minh Chinh has signed decision 19/QD-TTg assigning tasks to the Deputy Prime Ministers.

Taking advantage of growth opportunities: Party leader

09:18 | 04/01/2023 Policy

Party General Secretary Nguyen Phu Trong suggested promoting national digital transformation, digital economy and digital society in association with environmental protection while attending the teleconference between the Government and 63 provinces and cities.

Financial mobilization for development of circular economy

17:02 | 03/01/2023 Policy

As one of the countries heavily affected by climate change, the development of a circular economy is an important solution for Vietnam, towards the development of a green and low-carbon economy.

Industry & Trade

Binh Lieu mountain region powers up

06:00 | 28/01/2023 Province

(VEN) - The mountainous border district of Binh Lieu in the northeastern province of Quang Ninh is changing rapidly due to investment in infrastructure of roads, electricity and schools, greatly improving the lives of the predominantly ethnic minority population.

Steel industry to gradually recover in 2023

15:48 | 27/01/2023 Industry

HCM CITY — Domestic steel demand is expected to keep falling due to the property market slump and tightened monetary policy, economic downturn in many export markets and a rise in supply making the outlook for the industry in 2023 poor, analysts said.

Quang Ninh ships first tonne of coal on first day of Lunar New Year

18:16 | 23/01/2023 Energy

The northern coastal province of Quang Ninh shipped the first tonnes of coal on January 21, the first day of the Lunar New Year, from the Cam Pha port.

Support industries vital for global integration

06:00 | 18/01/2023 Support industries

(VEN) - “Entering 2023, Vietnam needs to promote the development of support industries to help the country’s industrial sector effectively participate in the global supply chain,” said Deputy Director of the Industry Agency under the Ministry of Industry and Trade (MoIT) Ngo Khai Hoan in an interview with Vietnam Economic News’ Lan Anh.

Investment

Viet Nam calls for more investment in green growth

16:52 | 22/01/2023 FDI

Deputy Prime Minister Tran Hong Ha called on foreign businesses to boost investment, support Viet Nam in green growth, and well implement international commitments on sustainable development and climate change, including UNCOP26 commitments to achieving net-zero emissions by 2050.

Hanoi attracts nearly US$1.7 billion in FDI in 2022

17:43 | 03/01/2023 Metropolis

Hanoi attracted US$1.69 billion in foreign direct investment (FDI) last year, still among the localities leading the nation in this field.

FDI disbursement exceeds US$20 billion

06:00 | 01/01/2023 FDI

(VEN) - Foreign direct investment (FDI) disbursement reached more than US$20 billion in 2022 - the highest level in five years, aiding post-pandemic recovery.

Screening proposed for improved foreign investment

06:00 | 21/12/2022 FDI

(VEN) - Foreign direct investment (FDI) has contributed significantly to the Vietnamese economy since the Law on Foreign Investment in Vietnam was promulgated in 1987. However, Vietnam is mulling effective screening tools to enhance FDI quality.

Finance-Banking

Positive 2023 securities market forecasts

06:00 | 20/01/2023 Stock Market

(VEN) - Vietnam’s securities market experienced strong volatility in 2022, stemming from investor caution in the face of global economic and political uncertainties.

Banking sector stable, but challenges abound

06:00 | 16/01/2023 Finance-Banking

(VEN) - The banking sector will confront challenges in 2023 both from the international and domestic economies, requiring stabilized macroeconomic conditions and balances.

PM directive to ensure payment demands during Tet

17:55 | 03/01/2023 Finance-Banking

The State Bank of Vietnam (SBV) must direct commercial banks to meet all payment and cash demands of individuals and firms during Tet (Lunar New Year).

Green finance puts down roots in Vietnam

06:00 | 26/12/2022 Finance-Banking

(VEN) - The development of green finance is an important foundation for sustainable business growth.

Environment

Vietnam looks ahead to 2023 climate summit

06:00 | 25/12/2022 Environment

(VEN) - World leaders are hoping the COP28 Climate Change Summit, scheduled for November 30 to December 12, 2023, in the UAE will achieve expectations not met at the COP27 summit held in Egypt in November 2022.

Preserving nature, facilitating business

06:00 | 10/12/2022 Environment

(VEN) - In the past few years, the natural resources and environment sector of Hung Yen Province has advised authorities on state management of natural resources and the environment, contributing to provincial economic growth, industrialization and modernization.

AkzoNobel Vietnam protects Cu Lao Xanh lighthouse against harsh weather

11:40 | 24/11/2022 Environment

AkzoNobel, a leading global paints and coatings company and the major producer of Dulux brand, has completed repainting the Cu Lao Xanh Lighthouse project with Dulux Weathershield®. It is the third lighthouse in Vietnam recoated under the “Lighthouse Protection Campaign” of AkzoNobel.

JTI Vietnam commits to net zero greenhouse gas emissions

16:25 | 15/11/2022 Environment

Climate change is the most urgent issue of our time, and to limit its impact on life on earth, the rise in mean global temperature should not exceed 1.5°C above pre-industrial levels. The private sector plays a huge role in helping to achieve this goal, and companies must commit and take concrete action in accordance with the Paris Agreement.

Science - Technology

Welcoming the year of digital data for Vietnam

16:57 | 22/01/2023 Digitalization

(VEN) - In 2022, the government assigned more important functions and tasks in digital transformation, government, economy, society, technology, and electronic transactions to the Ministry of Information and Communications.

Vietnamese animation studio won legal case on copyright infridgement in Russia

11:14 | 11/01/2023 Startups

In the case of the copyright dispute between two animators Wolfoo and Peppa Pig in the Russian Federation, the Moscow City Court recently issued a decision to order Entertainment One UK Limited (eOne or EO – Peppa Pig’s owner) must compensate Sconnect Vietnam (Wolfoo’s owner) RUB 240,000, which is roughly $4000.

Top 10 ICT developments in 2022

06:00 | 11/01/2023 Information technology

(VEN) - Vietnam's information and communications technology (ICT) industry entered a post-COVID development phase in 2022, with the Party and government adopting policies to promote the development of the technology sector and businesses. Following are 10 outstanding ICT developments of 2022 as voted by the journalists of the ICT Press Club.

First retrofitted Emirates A380 enters service

17:41 | 10/01/2023 Science - Technology

The first Emirates A380 to be completely refurbished under the airline’s US$2 billion retrofit program has been deployed on the Dubai-London Heathrow service, operating as EK003.

Society

Prime Minister launches New Year tree planting festival

15:36 | 27/01/2023 Society

Prime Minister Pham Minh Chinh offered incense to President Ho Chi Minh and launched the annual New Year tree planting festival at K9-Da Chong relic site, Hanoi’s outlying district of Ba Vi, on January 27, the sixth day of the Year of the Cat.

Party General Secretary extends greetings for Year of the Cat

12:19 | 22/01/2023 Metropolis

On the occasion of the Year of the Cat 2023, Party General Secretary Nguyen Phu Trong has delivered remarks offering the best wishes to the Vietnamese at home and abroad as well as people around the world.

Strong recovery of capital's economy

06:00 | 17/01/2023 Metropolis

(VEN) - According to a report by the Hanoi People's Committee, the capital experienced a strong economic recovery in 2022 and maintained its leading position among the provinces and cities nationwide in attracting foreign direct investment (FDI).

Animated morning at Nghi Thuy fishing port, Cua Lo Town

10:48 | 16/01/2023 Photo

Nghi Thuy fishing port (in Cua Lo Town) is crowded, animated from early morning everyday. Selling fresh seafood at reasonable prices, it is a seafood distribution hub of Nghe An and nearby provinces.

Vietnamese Brands

Nestlé Vietnam and the journey to sustainable development

13:00 | 10/01/2023 Companies

VIMC embarks on strong recovery

06:00 | 10/01/2023 Companies

MM Mega Market launches a new modern Giá tốt business model

16:18 | 30/12/2022 Vietnamese Brands

PVCFC develops experts’ system

08:00 | 25/12/2022 Vietnamese Brands

Culture

Norwegian Ambassador experiences Vietnamese Tet traditions

06:00 | 28/01/2023 Lifestyle

Chau Ma brocade lives on

06:00 | 27/01/2023 Lifestyle

(VEN) - The indigenous textile products of the Chau Ma ethnic group reflect experiences, religious beliefs, skillful techniques and an enduring passion for the traditional craft practiced for generations in the Central Highlands province of Lam Dong.

Bathing in coriander-filled water

13:00 | 25/01/2023 Culture

(VEN) - Boiling coriander and bathing in its fragrant water is a ritual cleansing for the Lunar New Year, which is believed to drown the misfortunates and impurities of the past.

Gongs keep ringing in Central Highlands

06:00 | 25/01/2023 Lifestyle

(VEN) - Dak Lak Province strives to keep alive the sound of traditional gongs, 16 years after the cultural space of Central Highlands gongs was recognized by the United Nations Educational, Scientific and Cultural Organization (UNESCO) as an intangible cultural heritage of humanity.

Lotte Group and Van Phu - Invest enter co-operative partnership

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