CMC activates AI-X; Viettel Post opens subsidiary in Laos; GSM and Mai Linh establish car repair chain
MIC advances compensation for more than 900 losses caused by Typhoon Yagi; Dong Tam Group brings CS Wind from Korea to Long An to make wind power equipment; Dat Bike receives a loan of 4 million USD; CMC's AI transformation strategy...
MIC advances compensation payments for more than 900 losses caused by Typhoon Yagi
Faced with the severe damage caused by super typhoon Yagi, the Military Insurance Corporation (MIC) is urgently making provisional compensation payments to customers with a preliminary estimate of more than 230 billion VND.
Preliminary statistics up to September 11, MIC recorded more than 900 losses including property, motor vehicle and maritime operations, with an estimated total compensation of VND230 billion. Currently, the data is still being updated.
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| MIC recorded more than 900 losses due to Typhoon Yagi. |
According to MIC's assessment, the amount of loss caused by storm No. 3 Yagi is a huge loss due to natural disasters for the Vietnamese insurance industry in general and MIC in particular. MIC is committed to working with customers to overcome losses, fully reserve compensation and will ensure maximum benefits for customers in the fastest time.
In localities directly affected by storms and floods, MIC staff are always available 24/7 to receive and guide customers in handling losses.
MIC's team of surveyors is increasing the maximum number in localities where customers are affected by Storm No. 3 and making efforts to be on duty 24/7 with customers in overcoming losses after the storm. Statistics, survey and compensation for customers are being urgently directed to quickly support and compensate customers to reduce difficulties, quickly stabilize production, business and daily life is the top priority.
Given the complicated developments of storms and floods, MIC also reminds customers that immediately after an incident occurs, they should notify MIC via hotline, email, or the Company's official communication channels, providing information such as: Location of the incident, photos of the initial damage scene (if any) and a brief description of the damage. Military Insurance's surveyors will approach the scene to exchange and share information, check and assess the loss, and at the same time, guide customers to provide documents for quick advance payment and compensation in accordance with regulations.
Viettel Post opens subsidiary in Laos
The Board of Directors of Viettel Post Corporation (Viettel Post) has approved the establishment of a subsidiary in Laos.
The subsidiary, named Viettel Post Laos Company Limited, will operate in the fields of delivery, warehousing services, domestic and international freight transport, trade in goods and services, e-commerce, import and export, and freight forwarding services in Laos.
Viettel Post will invest more than 136 billion VND, equivalent to 5.34 million USD, accounting for 100% of Viettel Post Laos' charter capital.
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| Viettel Post will invest more than 136 billion VND, equivalent to 5.34 million USD, accounting for 100% of Viettel Post Laos' charter capital. |
In early 2024, Viettel Post's leaders revealed plans to expand the market to Laos and open a representative office in Thailand. By March 2024, Viettel Post had signed a cooperation agreement with the authorities of Pingxiang City and Nanning City (Guangxi Province, China) to establish representative offices and build the China-ASEAN Agricultural Products Trading Center.
Viettel Post hopes to connect agricultural and seafood products from Vietnam and other countries in the ASEAN region (Laos, Myanmar, Cambodia) through railway, road and waterway networks to distribute to the Chinese market.
In the first 6 months of 2024, Viettel Post recorded more than 9.6 trillion VND in net revenue, unchanged from the same period last year. Net profit reached nearly 152 billion VND, down 12%. This is also the lowest semi-annual profit of the enterprise in the past 6 years since 2019.
GSM and Mai Linh cooperate to establish a car repair chain
GSM Green and Smart Mobility Joint Stock Company and Mekong Green Trading Joint Stock Company (a subsidiary of Mai Linh Group ecosystem) signed a memorandum of understanding on cooperation to establish a chain of large-scale car repair and maintenance service workshops, the leading one in Vietnam.
According to the agreement, the two sides will cooperate to establish a new joint venture with the brand name “MeKong Xanh SM” to build and operate a chain of auto repair and maintenance service workshops nationwide.
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| GSM Green and Smart Mobility JSC and Mekong Green Trading JSC will establish the joint venture “MeKong Xanh SM”. |
The workshops will repair and maintain both gasoline and electric vehicles of Xanh SM, Mai Linh, franchise partners and individual partners participating in the Xanh SM Platform, Mekong Green partners, as well as all VinFast-branded vehicles nationwide.
In the first phase, GSM and Mekong Green will convert 39 existing Mekong Green service workshops to the new brand “MeKong Xanh SM” and operate under the new model. It is expected that by the end of 2025, the two sides will cooperate to open 60 new workshops nationwide, bringing the total scale to 99 workshops, thereby making “MeKong Xanh SM” the leading large-scale auto repair system in Vietnam.
In particular, these 99 workshops will join VinFast's existing network of service workshops (more than 80 workshops) nationwide, meeting customers' repair and maintenance needs in the fastest and most convenient way.
Mekong Green belongs to the ecosystem of Mai Linh Group. This is the exclusive warranty and maintenance center for the entire Mai Linh taxi system, and specializes in providing equipment, supplies, and repair and maintenance services for any customer in need.
On GSM's side, up to now, Xanh SM and its partners have brought electric vehicles to 55 provinces and cities, aiming to "green" Vietnam and make electric vehicles a familiar and community-friendly form of transportation.
Dong Tam Group brings CS Wind from Korea to Long An to make wind power equipment
Dong Tam Group and CS Wind Group (CS Wind) have signed a memorandum of understanding (MOU).
According to the cooperation agreement, Dong Tam Group and its member units will lease 50 hectares of industrial land and industrial services to CS Wind Vietnam to build a factory and assembly yard for offshore and onshore wind tower equipment, wind power products such as monopiles, transition equipment, etc. and supply them to the global market.
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| Dong Tam Group and its member units will lease 50 hectares of land to CS Wind Vietnam to build a factory and assembly yard for offshore and onshore wind tower equipment and wind power products. |
This is considered the factory with the largest wind power equipment production capacity in the world at the time of project establishment, with a total investment capital in the first phase expected to reach 200 million USD. The expected operating capacity is up to tens of thousands of units per year, supplying super-sized and super-heavy equipment from 500 to 4,000 tons per device. In particular, 100% of equipment and accessories in the first phase are imported and exported through Long An International Port, estimated at 150,000 to 200,000 tons/year.
Mr. Vo Quoc Thang, Chairman of the Board of Directors of Dong Tam Group, shared that he was very excited to have a prestigious corporation like CS Wind investing in the Long An Southeast Asia Industrial Park. “We are also committed to creating the most favorable conditions for secondary investors throughout the project implementation process,” Mr. Thang pledged.
CS Wind was founded in 1984 in Korea, and is a leading corporation in the industry of manufacturing wind towers for the world's largest wind generators. In 2003, CS Wind established the first wind tower manufacturing company in Vietnam. This is the No. 1 core factory in Southeast Asia, reaching out to markets in Asia, the South Pacific and the United States, quickly becoming the No. 1 corporation in the world in wind tower manufacturing. CS Wind is operating manufacturing facilities in 8 countries, including Vietnam, the United States and Denmark.
Currently, CS Wind supplies more than 13,000 wind towers to the world's leading wind turbine manufacturers such as Vestas, Siemens-Gamesa, GE and Goldwind... with a position in the global renewable energy industry.
Dat Bike receives $4 million loan
Dat Bike has announced that it has received a convertible loan worth 4 million USD from InfraCo Asia - a member of the Private Infrastructure Development Group (PIDG, UK).
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| Dat Bike has raised more than $25 million in funding from investors. |
The $4 million loan from InfraCo Asia is expected to help Dat Bike bring more than 30,000 electric motorbikes to market over the next two years, with the potential to reduce nearly 26,000 tons of CO2 emissions per year.
From this loan, Dat Bike expects to create 30 short-term jobs and 29 long-term jobs, with a focus on gender diversity, with 24% of these positions expected to be filled by female employees.
Dat Bike has the ambition to become the leading Vietnamese manufacturer in the journey to "green" the $25 billion two-wheeled vehicle market in Southeast Asia.
PIDG is an innovative infrastructure development and financing organization that promotes and mobilizes private investment in pioneering infrastructure projects in Africa, South Asia and Southeast Asia, to support economic development and fight poverty.
Meanwhile, InfraCo Asia has had many activities in Vietnam, buying Coc San Hydropower Plant in 2012, building a 168MWp solar power plant in Ninh Thuan province, investing in 4 clean water projects for 4 second-tier cities in Vietnam.
With a loan from InfraCo Asia, the Vietnamese electric motorbike startup hopes to double its capacity, through expanding facilities, tools, and automation.
According to Mr. Son Nguyen, CEO of Dat Bike, up to this point, the company has raised more than 25 million USD from investors.
CMC activates AI-X
“Enable Your AI-X” is the theme of the AI Transformation Strategy that CMC Technology Group has just announced. Accordingly, CMC will accompany businesses and organizations on the AI transformation journey, providing advanced technology solutions that are suitable for each individual need.
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| CMC has just announced its AI Transformation Strategy. |
Chairman of the Board of Directors of CMC Corporation Nguyen Trung Chinh said: “AI Transformation (AI-X) is the process of applying AI technology to comprehensively and comprehensively change the way of operation and interaction in all areas of society, from Government, businesses to people's lives. The goal of AI Transformation (AI-X) is to take advantage of the endless potential of AI technology to innovate, improve performance, productivity, increase value and create a digital economy, with a commitment to responsibility and ethics to improve the quality of life, promote green and sustainable development”.
According to Mr. Nguyen Trung Chinh, to achieve the goal of developing AI and information technology as set out in the National Strategy on Artificial Intelligence, training high-tech human resources is a key factor.
“We need a synchronous and effective AI development strategy, focusing on investing in technology infrastructure, training human resources and building a suitable legal corridor,” said the CMC Chairman.
Within the framework of the event, CMC also introduced the open AI ecosystem, including key technologies such as voice processing, natural language, data analysis and computer vision. In particular, CMC has developed outstanding solutions such as CMC AIVision - a smart AI Camera system that helps with facial recognition and security control, and Generative AI applications, such as chatbots that support stock investment consulting. These solutions have clearly demonstrated the great potential of AI in optimizing business and management operations.
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