Latest news with #socioeconomicdevelopment
Zawya
14 hours ago
- Business
- Zawya
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. 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. 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. Vingroup
CNA
14 hours ago
- Business
- CNA
Vingroup awarded first-class labor order for outstanding achievements in developing the national exhibition and convention center
MEDIA RELEASE Media release content from Media OutReach Newswire. CNA's editorial team was not involved in its creation and editing. 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. Source: Media OutReach Newswire Media OutReach Newswire
Malay Mail
05-07-2025
- Politics
- Malay Mail
FT Minister Zaliha denies rumours Tuaran MP appointed Labuan Corp chairman, says no decision made yet
LABUAN, July 5 — Minister in the Prime Minister's Department (Federal Territories) Datuk Seri Dr Zaliha Mustafa has dismissed rumours that Member of Parliament for Tuaran Datuk Seri Wilfred Madius Tangau has been appointed as the new chairman of Labuan Corporation (LC). She clarified that no appointment has been made thus far, and that the Federal Government through Department of Federal Territories is still in the process of evaluating several qualified candidates for the leadership role at Labuan's local authority. 'The rumours and speculations circulating about the Tuaran MP assuming the position are not true. We are carefully scrutinising several potential individuals for the chairman post,' Dr Zaliha said in a statement to Bernama today. She stressed the government remains committed to identifying the most suitable candidate who will serve in the best interest of Labuan's socio-economic development. 'We are seriously looking into the right person to lead Labuan Corporation, someone capable of driving the island's growth and addressing the needs of the community,' she said. Dr Zaliha also urged the public to refrain from spreading unfounded claims and speculation, which could mislead and confuse the people of Labuan. The post of LC chairman became vacant following former Kimanis MP Tan Sri Anifah Aman concluding his term last month. — Bernama
Malay Mail
04-07-2025
- Automotive
- Malay Mail
North-South Expressway southern corridor widening project to begin on July 28, PLUS assures no traffic disruption
JOHOR BARU, July 4 — PLUS Malaysia Bhd (PLUS) in a statement today said the additional lane construction project on the North-South Expressway's (NSE) southern corridor involving the widening of the number of lanes from two to three for the Sedenak to Simpang Renggam route (Phase Two), over a distance of 17 kilometres, is expected to commence on July 28. It said the implementation period for the works will take 36 months, with the contract for the additional lane construction project awarded to a local contractor after undergoing an open tender process. 'However, when the preliminary work on this route is carried out, it will not disrupt the flow of traffic because the two existing lanes in both directions of the affected highway will remain open to all vehicles,' said the statement. According to the highway operator company, the project is being implemented in phases, starting with Phase One (Senai Utara to Sedenak), followed by Phase Two (Sedenak to Simpang Renggam) and Phase Three (Simpang Renggam to Machap). The statement also said that the NSE widening project on the Kulai to Sedenak route (Phase One Package A), which began in July last year, is reported to be progressing smoothly according to schedule, while preliminary works for the Kulai to Senai Utara route (Phase One Package B) have also begun on site. 'The high-impact project is expected to benefit nearly 90,000 daily highway users and is hoped to act as a catalyst for more vibrant socio-economic development in the surrounding areas such as Sedenak, Kulai, Senai, Iskandar Malaysia and Pagoh,' according to PLUS. This effort is a government initiative to address the congestion on the NSE in the southern corridor, which often occurs during peak hours, and is aimed at providing a smoother journey for highway users in the future. Overall, PLUS said that the construction of this additional lane project is for the people's welfare and the economic development of the country. — Bernama
Arab News
12-06-2025
- Politics
- Arab News
Why the world must help Africa face climate change
According to the World Meteorological Organization, 'extreme weather and climate change impacts are hitting every single aspect of socioeconomic development in Africa and exacerbating hunger, insecurity and displacement.' This alarming statement underscores the scale of devastation sweeping across the continent as it faces the full force of a climate crisis it did little to cause. While Africa contributes only a tiny fraction of global greenhouse gas emissions, it is bearing the heaviest burden of climate change — economically, socially and environmentally. As these impacts deepen, so too does the responsibility of global powers, especially the major emitters, to provide meaningful and sustained assistance. Africa's economies are uniquely vulnerable to climate change because they are predominantly reliant on sectors highly sensitive to weather patterns — especially agriculture, fishing and natural resource extraction. Across East, West and Central Africa, erratic rainfall patterns, prolonged droughts, extreme heat and intense floods are decimating crops, killing livestock, damaging infrastructure and eroding livelihoods. Countries such as Nigeria, Ethiopia, Mali and Sudan have seen agricultural yields plummet, often wiping out entire seasons of staple crops such as maize, millet, cassava and sorghum. This agricultural collapse is more than a farming crisis — it is an economic catastrophe. Agriculture accounts for up to 60 percent of employment in many African countries and constitutes a major source of national income. In Kenya and Somalia, repeated droughts have not only dried up fields but also drained public finances, as governments scramble to fund food aid, water delivery and emergency infrastructure repair. In 2024, floods across Central Africa destroyed critical roadways, bridges and water systems, forcing several governments to divert funds from education, healthcare and public development programs toward crisis management and reconstruction. Climate change is turning development gains back by decades, especially in countries already facing instability Dr. Majid Rafizadeh Moreover, energy and water systems, already under strain from underinvestment, have become further crippled by erratic climate conditions. Hydropower — an essential electricity source for countries like Zambia and the Democratic Republic of the Congo — is faltering due to drying rivers. As a result, power shortages are throttling manufacturing output, damaging businesses and pushing more people into poverty. The longer these economic stresses persist, the harder it will be for African nations to achieve sustainable growth or attract investment. Climate change is turning development gains back by decades, especially in countries already facing fragility, conflict or economic instability. Without urgent financial and technological support, these economies may spiral into prolonged recession or collapse, with global repercussions. Beyond the numbers and statistics lies an immense human cost. Families are being torn apart, homes destroyed, children are going hungry and millions are being forced to flee their lands. The continent is facing a massive displacement crisis — one that is rapidly escalating in scale and complexity. These numbers are only expected to grow, with many communities facing permanent relocation as climate shocks become more frequent and intense. Food insecurity has reached catastrophic levels. Across the Sahel and West Africa, the number of people facing emergency and famine-level hunger is now over 36 million. Malnourishment in children is spiking, with irreversible consequences on cognitive development and long-term health. In many regions, climate disasters have also destroyed or damaged schools, forcing children out of education and leaving a generation without the tools to rebuild their futures. Public health systems are also under immense strain. Rising temperatures and flooding have led to outbreaks of malaria, cholera and waterborne diseases. At the same time, heat waves are increasingly causing heatstroke and other heat-related illnesses, especially among the elderly and outdoor laborers. Poor communities, without access to medical care, clean water or sanitation, are bearing the brunt of these health emergencies. The social fabric of entire regions is unraveling. Competition over scarce resources — especially land and water — is intensifying conflicts. Climate change is not just a crisis of the environment — it is a multiplier of instability, violence and displacement. Africa's tragedy is made even more bitter by its innocence in the making of this crisis. The continent contributes less than 4 percent of global carbon dioxide emissions. Most African countries have historically emitted negligible amounts of greenhouse gases, yet they are the most vulnerable to climate extremes and have the fewest resources to adapt. This stark imbalance is a glaring injustice. The bulk of the world's emissions have come from industrialized nations — especially the US, European powers, China and other developed economies — that built their wealth on centuries of carbon-intensive industrialization. Yet these same nations have been slow, even reluctant, to fulfill their climate finance promises to developing countries, particularly those in Africa. Climate justice demands more than rhetorical sympathy. It requires concrete action, systemic financial restructuring and a shift in how the global community perceives responsibility and vulnerability. Africa is not asking for charity — it is demanding fairness. It is both a moral imperative and a strategic necessity for global powers to act. The industrialized world has the means, the technology and the historical responsibility to help Africa confront climate change. It must see African adaptation not as a cost, but as an investment in shared global security and prosperity. Failure to support Africa will only deepen instability, provoke mass migration, fuel regional conflicts and disrupt global supply chains and markets. The cost of inaction — social, economic and geopolitical — will be far higher than the cost of proactive, coordinated intervention today. Climate change is the ultimate borderless crisis. Droughts in the Horn of Africa, failed harvests in the Sahel and flooding in Central Africa do not remain contained — they send ripple effects across continents. Food shortages can lead to spikes in global food prices. Displacement and migration can strain bordering nations and contribute to humanitarian emergencies. Helping Africa is, in essence, helping the world. Global powers must see African adaptation not as a cost, but as an investment in shared security and prosperity Dr. Ramzy Baroud Wealthy nations initially pledged $100 billion annually in climate finance to developing countries by 2020 — a target they have repeatedly failed to meet. Now, under the new global goal, this figure needs to be scaled up to $1 trillion to $1.3 trillion per year by 2030. This funding must be predictable, accessible and focused on both adaptation and mitigation. Africa has enormous renewable energy potential — particularly solar and wind. Global support can fast-track a transition to clean energy, while also addressing the continent's vast energy access gap. Technological investment in climate-resilient agriculture, water management and disaster preparedness is essential. Tools like artificial intelligence-enabled early warning systems, climate-smart farming and green infrastructure can protect livelihoods and prevent disasters from becoming catastrophes. Many African nations are trapped in unsustainable debt, limiting their ability to invest in climate adaptation. Debt restructuring, concessional loans and new financing tools must be implemented to ease this burden. True resilience begins at the grassroots. Global aid must empower African communities, farmers, women and youth with the tools and knowledge to build adaptive systems suited to local realities. If Africa is left to face climate change alone, the consequences will be devastating — not just for the continent but for the entire world. Mass displacement could grow into one of the largest refugee crises in human history. Widespread hunger, conflict and economic collapse could destabilize entire regions. The suffering would be unimaginable. At the same time, failing to help Africa would undermine trust in global climate negotiations and multilateral cooperation. The legitimacy of climate agreements like the Paris Agreement rests on the principle of equity and shared responsibility. If the world's poorest and least culpable are abandoned, such agreements will lose meaning. Ignoring Africa today is sowing the seeds of greater crises tomorrow — crises that no border, wall or ocean can prevent. In conclusion, the responsibility of Western and global powers to help Africa is not optional — it is urgent, necessary and long overdue. Africa did not cause this crisis, yet it is paying the highest price. By acting now, global powers and the world's richest nations can prevent mass suffering, strengthen global stability and forge a path toward a more just and resilient planet. Helping Africa adapt to climate change is not just about generosity. It is about survival — for them and for us all.
