Latest news with #TôLâm
Arabian Post
3 hours ago
- Business
- Arabian Post
Vingroup awarded first-class labor order for outstanding achievements in developing the National Exhibition Fair Center
HANOI, VIETNAM – Media OutReach Newswire – 19 August 2025 – Vietnam's Party General Secretary Tô Lâm presents the First-Class Labor Order to Mr. Phạm Nhật Vượng – Chairman of Vingroup – in recognition of the Group's outstanding achievements, at the National Exhibition Fair Center in Hanoi, Vietnam. The conferment ceremony was part of the Inauguration and Groundbreaking Ceremony of National Projects commemorating the 80th anniversary of Vietnam's National Day (September 2, 1945 – September 2, 2025), held at the inauguration site of the National Exhibition Fair Center, Tu Lien Bridge area, Dong Anh District, Hanoi. ADVERTISEMENT The National Exhibition Fair Center is a state-level key project, ranked among the top 10 largest exhibition centers in the world. With a total area of about 900,000 square meters, it is envisioned to become a premier international destination for global trade fairs and exhibitions, as well as a new symbol of Hanoi's development. Construction commenced on August 30, 2024, and the site was handed over on June 27, 2025—after just 10 months of construction, 15 months ahead of schedule. This remarkable pace set a new benchmark in Vietnam's construction sector, overcoming major challenges in engineering and executing a massive steel dome structure of unprecedented scale and complexity. As both investor and general contractor, Vingroup maximized all resources, proactively designed construction plans, coordinated manpower, equipment, and materials, and ensured seamless supply chain management across multiple contractors. During peak construction periods, the project mobilized hundreds of contractors and about 3,000 workers and engineers, supported by 800–1,000 pieces of heavy machinery sourced from across the country, including 300–500 ton cranes and super-heavy transport vehicles. The site operated at full intensity, 24/7 in three shifts, optimizing every moment to shorten construction time by 60%. While accelerating progress, Vingroup also maintained strict oversight of each component, ensuring safety, quality, and long-term sustainability of the project. ADVERTISEMENT Mr. Nguyen Viet Quang, Vice Chairman and CEO of Vingroup, shared: 'Receiving the First-Class Labor Order at the inauguration of the National Exhibition Fair Center is a profound honor and pride for all Vingroup employees. We are committed to continuing our spirit of perseverance and determination to operate the Center successfully, contributing to making Hanoi and Vietnam leading destinations for world-class political, economic, cultural, and social events.' At the heart of the Center is the Kim Quy Exhibition Hall, one of the world's largest circular exhibition hall with an area of approximately 130,000 square meters and a central height of 56 meters. Located in Hanoi, the National Exhibition Fair Center covers 90 hectares and ranks among the world's top 10 largest exhibition venues. Inspired by the sacred Golden Turtle God (Kim Quy) of the Co Loa legend, the hall's unique architecture is hailed as a new wonder of the capital. Its engineering posed extraordinary challenges: a steel dome weighing 24,000 tons, assembled from ultra-large steel beams and high-strength bolts using specialized torque-severing methods to ensure quality control and double the standard safety factor. The roof is covered with ultra-light, ultra-durable fiberglass fabric, offering natural translucency and energy efficiency in line with global green building standards. Beyond the Kim Quy Exhibition Hall, Vingroup has developed a comprehensive exhibition ecosystem including four outdoor plazas (East, West, South, North), the VinPalace International Convention Center, landscaped green parks and lakes, and large-scale parking facilities. With capacity for hundreds of thousands outdoors and thousands indoors, the Center is not only suited for mega exhibitions but also for large-scale events such as concerts, national festivals, and global technology showcases—meeting the strictest international requirements and redefining Vietnam's MICE (Meetings, Incentives, Conferences, and Exhibitions) industry. One of the key drivers behind this construction milestone is the upcoming National Achievements Exhibition – 80 Years of Independence, Freedom, and Happiness, taking place from August 28 to September 5, 2025. For the first time, all provinces, ministries, sectors, and enterprises across Vietnam will gather in a single national-scale exhibition, expected to attract millions of visitors and reignite national pride. The accelerated completion of the National Exhibition Fair Center not only demonstrates Vingroup's strong financial capacity, professional execution, and effective project management, but also affirms its commitment to serving the nation and the strength of Vietnam's private enterprises in this new era of global integration. Hashtag: #Vingroup The issuer is solely responsible for the content of this announcement.
Arabian Post
15 hours ago
- Business
- Arabian Post
Vingroup awarded first-class labor order for outstanding achievements in developing the national exhibition and convention center
HANOI, VIETNAM – Media OutReach Newswire – 19 August 2025 – Vietnam's Party General Secretary Tô Lâm presents the First-Class Labor Order to Mr. Phạm Nhật Vượng – Chairman of Vingroup – in recognition of the Group's outstanding achievements, at the National Exhibition and Convention Center in Hanoi, Vietnam. The conferment ceremony was part of the Inauguration and Groundbreaking Ceremony of National Projects commemorating the 80th anniversary of Vietnam's National Day (September 2, 1945 – September 2, 2025), held at the inauguration site of the National Exhibition and Convention Center, Tu Lien Bridge area, Dong Anh District, Hanoi. ADVERTISEMENT The National Exhibition and Convention Center is a state-level key project, ranked among the top 10 largest exhibition centers in the world. With a total area of about 900,000 square meters, it is envisioned to become a premier international destination for global trade fairs and exhibitions, as well as a new symbol of Hanoi's development. Construction commenced on August 30, 2024, and the site was handed over on June 27, 2025—after just 10 months of construction, 15 months ahead of schedule. This remarkable pace set a new benchmark in Vietnam's construction sector, overcoming major challenges in engineering and executing a massive steel dome structure of unprecedented scale and complexity. As both investor and general contractor, Vingroup maximized all resources, proactively designed construction plans, coordinated manpower, equipment, and materials, and ensured seamless supply chain management across multiple contractors. During peak construction periods, the project mobilized hundreds of contractors and about 3,000 workers and engineers, supported by 800–1,000 pieces of heavy machinery sourced from across the country, including 300–500 ton cranes and super-heavy transport vehicles. The site operated at full intensity, 24/7 in three shifts, optimizing every moment to shorten construction time by 60%. While accelerating progress, Vingroup also maintained strict oversight of each component, ensuring safety, quality, and long-term sustainability of the project. ADVERTISEMENT Mr. Nguyen Viet Quang, Vice Chairman and CEO of Vingroup, shared: 'Receiving the First-Class Labor Order at the inauguration of the National Exhibition and Convention Center is a profound honor and pride for all Vingroup employees. We are committed to continuing our spirit of perseverance and determination to operate the Center successfully, contributing to making Hanoi and Vietnam leading destinations for world-class political, economic, cultural, and social events.' At the heart of the Center is the Kim Quy Exhibition Hall, one of the world's largest circular exhibition hall with an area of approximately 130,000 square meters and a central height of 56 meters. Located in Hanoi, the National Exhibition and Convention Center covers 90 hectares and ranks among the world's top 10 largest exhibition venues. Inspired by the sacred Golden Turtle God (Kim Quy) of the Co Loa legend, the hall's unique architecture is hailed as a new wonder of the capital. Its engineering posed extraordinary challenges: a steel dome weighing 24,000 tons, assembled from ultra-large steel beams and high-strength bolts using specialized torque-severing methods to ensure quality control and double the standard safety factor. The roof is covered with ultra-light, ultra-durable fiberglass fabric, offering natural translucency and energy efficiency in line with global green building standards. Beyond the Kim Quy Exhibition Hall, Vingroup has developed a comprehensive exhibition ecosystem including four outdoor plazas (East, West, South, North), the VinPalace International Convention Center, landscaped green parks and lakes, and large-scale parking facilities. With capacity for hundreds of thousands outdoors and thousands indoors, the Center is not only suited for mega exhibitions but also for large-scale events such as concerts, national festivals, and global technology showcases—meeting the strictest international requirements and redefining Vietnam's MICE (Meetings, Incentives, Conferences, and Exhibitions) industry. One of the key drivers behind this construction milestone is the upcoming National Achievements Exhibition – 80 Years of Independence, Freedom, and Happiness, taking place from August 28 to September 5, 2025. For the first time, all provinces, ministries, sectors, and enterprises across Vietnam will gather in a single national-scale exhibition, expected to attract millions of visitors and reignite national pride. The accelerated completion of the National Exhibition and Convention Center not only demonstrates Vingroup's strong financial capacity, professional execution, and effective project management, but also affirms its commitment to serving the nation and the strength of Vietnam's private enterprises in this new era of global integration. Hashtag: #Vingroup The issuer is solely responsible for the content of this announcement.
Associated Press
16 hours ago
- Business
- Associated Press
Vingroup awarded first-class labor order for outstanding achievements in developing the national exhibition and convention center
HANOI, VIETNAM - Media OutReach Newswire – 19 August 2025 – Vingroup was awarded the First-Class Labor Order in recognition of its exceptional achievements in developing the National Exhibition and Convention Center. This prestigious award acknowledges the Group's breakthrough efforts and determination in completing the project 15 months ahead of schedule, celebrating the 80th National Day of the Socialist Republic of Vietnam and making a significant contribution to the socio-economic development of the capital city and the nation. Vietnam's Party General Secretary Tô Lâm presents the First-Class Labor Order to Mr. Phạm Nhật Vượng – Chairman of Vingroup – in recognition of the Group's outstanding achievements, at the National Exhibition and Convention Center in Hanoi, Vietnam. The conferment ceremony was part of the Inauguration and Groundbreaking Ceremony of National Projects commemorating the 80th anniversary of Vietnam's National Day (September 2, 1945 – September 2, 2025), held at the inauguration site of the National Exhibition and Convention Center, Tu Lien Bridge area, Dong Anh District, Hanoi. The National Exhibition and Convention Center is a state-level key project, ranked among the top 10 largest exhibition centers in the world. With a total area of about 900,000 square meters, it is envisioned to become a premier international destination for global trade fairs and exhibitions, as well as a new symbol of Hanoi's development. Construction commenced on August 30, 2024, and the site was handed over on June 27, 2025—after just 10 months of construction, 15 months ahead of schedule. This remarkable pace set a new benchmark in Vietnam's construction sector, overcoming major challenges in engineering and executing a massive steel dome structure of unprecedented scale and complexity. As both investor and general contractor, Vingroup maximized all resources, proactively designed construction plans, coordinated manpower, equipment, and materials, and ensured seamless supply chain management across multiple contractors. During peak construction periods, the project mobilized hundreds of contractors and about 3,000 workers and engineers, supported by 800–1,000 pieces of heavy machinery sourced from across the country, including 300–500 ton cranes and super-heavy transport vehicles. The site operated at full intensity, 24/7 in three shifts, optimizing every moment to shorten construction time by 60%. While accelerating progress, Vingroup also maintained strict oversight of each component, ensuring safety, quality, and long-term sustainability of the project. Mr. Nguyen Viet Quang, Vice Chairman and CEO of Vingroup, shared: 'Receiving the First-Class Labor Order at the inauguration of the National Exhibition and Convention Center is a profound honor and pride for all Vingroup employees. We are committed to continuing our spirit of perseverance and determination to operate the Center successfully, contributing to making Hanoi and Vietnam leading destinations for world-class political, economic, cultural, and social events.' At the heart of the Center is the Kim Quy Exhibition Hall, one of the world's largest circular exhibition hall with an area of approximately 130,000 square meters and a central height of 56 meters. Located in Hanoi, the National Exhibition and Convention Center covers 90 hectares and ranks among the world's top 10 largest exhibition venues. Inspired by the sacred Golden Turtle God (Kim Quy) of the Co Loa legend, the hall's unique architecture is hailed as a new wonder of the capital. Its engineering posed extraordinary challenges: a steel dome weighing 24,000 tons, assembled from ultra-large steel beams and high-strength bolts using specialized torque-severing methods to ensure quality control and double the standard safety factor. The roof is covered with ultra-light, ultra-durable fiberglass fabric, offering natural translucency and energy efficiency in line with global green building standards. Beyond the Kim Quy Exhibition Hall, Vingroup has developed a comprehensive exhibition ecosystem including four outdoor plazas (East, West, South, North), the VinPalace International Convention Center, landscaped green parks and lakes, and large-scale parking facilities. With capacity for hundreds of thousands outdoors and thousands indoors, the Center is not only suited for mega exhibitions but also for large-scale events such as concerts, national festivals, and global technology showcases—meeting the strictest international requirements and redefining Vietnam's MICE (Meetings, Incentives, Conferences, and Exhibitions) industry. One of the key drivers behind this construction milestone is the upcoming National Achievements Exhibition – 80 Years of Independence, Freedom, and Happiness, taking place from August 28 to September 5, 2025. For the first time, all provinces, ministries, sectors, and enterprises across Vietnam will gather in a single national-scale exhibition, expected to attract millions of visitors and reignite national pride. The accelerated completion of the National Exhibition and Convention Center not only demonstrates Vingroup's strong financial capacity, professional execution, and effective project management, but also affirms its commitment to serving the nation and the strength of Vietnam's private enterprises in this new era of global integration. Hashtag: #Vingroup The issuer is solely responsible for the content of this announcement.
Asia News Network
03-07-2025
- Business
- Asia News Network
Vietnam, US top leaders announce agreement reached on trade deal
July 3, 2025 HANOI – General Secretary Tô Lâm held a telephone conversation with United States President Donald Trump on Wednesday to discuss Việt Nam–US relations and negotiations on reciprocal tariffs between the two countries. Vietnamese and US top leaders expressed their delight at the strong and positive development of bilateral relations. General Secretary Tô Lâm and President Donald Trump welcomed the agreement reached by the two countries' negotiating teams on the Joint Việt Nam–United States Statement on a Fair, Balanced, and Reciprocal Trade Agreement Framework. President Trump highly appreciated Việt Nam's commitment to granting preferential market access to US goods, including large-engine vehicles. He affirmed that the US would significantly reduce reciprocal tariffs on many of Việt Nam's export items and would continue to work with Việt Nam to address obstacles affecting bilateral trade relations, particularly in areas prioritised by both sides. Party leader Lâm proposed that the US soon recognise Việt Nam as a market economy and lift export restrictions on certain high-tech products. General Secretary Lâm and President Trump also discussed key orientations and major measures to promote the Comprehensive Strategic Partnership in the years to come. The two leaders agreed to enhance delegation exchanges, high-level and all-level contacts, and to strengthen cooperation in the areas of economy, trade and investment, especially in key and breakthrough sectors such as science and high technology. On this occasion, General Secretary Lâm reiterated his invitation for President Trump and the First Lady to visit Việt Nam, and expressed his hope to meet President Trump again in the near future. President Trump warmly thanked the General Secretary for the invitation and expressed his desire to meet again soon. On Truth Social, US President Trump stated that, per the 'Great Deal of Cooperation,' Việt Nam would 'pay the United States a 20% tariff on any and all goods sent into our Territory, and a 40% Tariff on any Transshipping.' This is down significantly from the 46 per cent in the original reciprocal tariff plan announced on April 2, 2025, a date Trump referred to as 'Liberation Day.' In return, Việt Nam would cut all tariffs for American goods into the country. 'The United States would reportedly gain 'TOTAL ACCESS' to Vietnamese markets, enabling American products—particularly large engine vehicles like SUVs—to be sold in Việt Nam at zero tariff,' Trump wrote. He went on to say that 'the SUV or, as it is sometimes referred to, Large Engine Vehicle, which does so well in the United States, will be a wonderful addition to the various product lines within Vietnam.' The two countries' leader had a phone call two days after the US President announced a sweeping tariff policy targeting most of the US trade partners in early April, in which Party chief Tô Lâm has offered to slash all tariffs for US goods to zero, and urged the US to do the same for Vietnamese goods. Việt Nam and the US in the grace period have conducted three rounds of negotiations on a trade deal.
The Guardian
02-07-2025
- Business
- The Guardian
Trump announces US trade pact with Vietnam
The United States and Vietnam struck a trade agreement that sets 20% tariffs on many of the Southeast Asian country's exports following last-minute negotiations, Donald Trump and Vietnamese state media said on Wednesday. The rate is lower than an initial 46% levy Trump announced in April on goods from Vietnam which was due to take effect next week. Trump said that goods from Vietnam would face a 20% tariff and that any trans-shipments from third countries would face a 40% levy. Details were scarce and it was not immediately clear how the trans-shipment provision would be implemented. Vietnam would also provide the United States with more market access, with US exports to the country facing no tariffs, Trump said. That agreement appears to include US exporters of large-engine cars, according to Trump and Vietnamese state media. 'It is my Great Honor to announce that I have just made a Trade Deal with the Socialist Republic of Vietnam,' Trump said on Truth Social. 'It is my opinion that the SUV or, as it is sometimes referred to, Large Engine Vehicle, which does so well in the United States, will be a wonderful addition to the various product lines within Vietnam,' Trump said. Vietnamese President Tô Lâm asked in a phone call with Trump earlier on Wednesday that the United States recognize Vietnam as a market economy and remove restrictions on the exports of high-tech products to the country, Vietnam News Agency reported. Those changes have long been sought by Hanoi and dismissed by Washington. Since Trump imposed tariffs on hundreds of billions of dollars in Chinese goods in his first term, US trade with Vietnam has exploded, though almost all of it in the form of goods to the United States from Vietnam as importers sought workarounds for the China levies. Since 2018, Vietnam's exports are up nearly three-fold from less than $50bn that year to about $137bn in 2024, Census Bureau data shows. US exports to Vietnam are up only about 30% in that time – to just over $13bn last year from less than $10bn in 2018. The White House and the Vietnamese trade ministry did not immediately respond to a request for comment. Trump announced a wave of tariffs for countries around the world on 2 April, before pausing the implementation of most duties until 9 July. More than a dozen countries are actively negotiating with the Trump administration to avoid a steep spike in tariffs on their exports. The Trump administration has teased that a deal with India is also coming soon, but it has said that others may not be ready by 9 July. Britain negotiated a limited trade deal with the Trump administration, accepting a 10% US tariff on many goods, including autos, in exchange for special access for aircraft engines and British beef. Like the agreement struck with Britain in May, the one with Vietnam resembles more a framework than a finalized trade pact.
