On the afternoon of March 22, Mr. Trinh Xuan Truong, Chairman of the Provincial People's Committee, had a working session with the Delegation of US Enterprises; Saigon Telecommunication & Technologies Corporation (Saigontel); Thanh Loi Trading and Investment Construction Company Limited.

Participating in the working session were leaders of departments: Foreign Affairs, Planning and Investment, Construction, Industry and Trade, Natural Resources and Environment, and the Management Board of the Provincial Economic Zone.On the side of the Delegation of US Enterprises were Mr. David Lewis, Chairman, CEO of Energy Capital Vietnam (ECV); Mr. Carl Anderson, Knights of Columbus Fund Management Company, founder of Rock Spring Law Group.Representing Saigon Telecommunication & Technologies Corporation (Saigontel) was Ms. Nguyen Cam Phuong, General Director.Representing Thanh Loi Trading and Investment Construction Company Limited was Mr. Nguyen Thanh Loi, Chairman of the Company.

At the working session, Mr. Trinh Xuan Truong, Chairman of the Provincial People's Committee, provided a general overview of the socio- economic situation, potential, and strengths of the province.

Mr. Truong emphasized: Lao Cai is currently effectively exploiting four economic pillars, including industry, border economy, tourism, and agriculture-forestry. In terms of tourism, the Sa Pa National Tourism Area is being oriented to become an internationally renowned tourist destination. In addition, Lao Cai has many other promising destinations such as Y Ty, Bac Ha... In terms of agriculture and forestry, Lao Cai has a suitable climate and soil conditions for developing many unique agricultural products.

Lao Cai is located in the economic corridor of Kunming (China) - Lao Cai - Hanoi - Hai Phong - Quang Ninh (Vietnam), serving as a growth pole and economic trading hub between ASEAN and the Southwest - China region. The import-export value before the pandemic reached 3.5 - 5 billion USD. With nearly 200 km of border roads, Lao Cai's consistent policy is to become a connectivity point for trade, tourism, culture, and history.The province's infrastructure connectivity is gradually being comprehensively invested in with expressways and railways, with plans for an airport in the future.

Chairman of the Provincial People's Committee Trinh Xuan Truong provides a general overview of the economic and social situation to the delegation.

In terms of minerals, Lao Cai boasts 35 types minerals with numerous large reserves such as iron, apatite, and copper; the mineral processing industry significantly contributes to the budget. However, the province still lacks industrial facilities for deep processing of minerals.

To efficiently exploit its potential strengths, Lao Cai province is focusing on investing in connectivity infrastructure, such as upgrading the Nội Bài - Lao Cai expressway, constructing the new high-speed railway line Lao Cai - Hanoi - Hai Phong, commencing construction of a Grade 4C airport, and accelerating the planning and implementation of industrial zones and clusters to attract investment.

Mr. Truong suggested that the working group assist in promoting and encouraging domestic enterprises, as well as American enterprises, to explore opportunities and invest in Lao Cai, especially in projects related to advanced technology in mineral processing industries, tourism, services, and agriculture utilizing high technology.

Mr. David Lewis, Chairman and CEO of ECV, expressed his desire to invest in Lao Cai in the field of mineral processing.

Mr. David Lewis, Chairman and CEO of ECV, stated that in the past period, their delegation has visited many provinces in Vietnam to survey and seek investment cooperation opportunities in the field of mineral processing. They have noticed that establishing mineral processing centers near mineral mines like in Lao Cai would be highly advantageous. Mr. David Lewis believes that Lao Cai holds a unique position at the intersection of the Northwest and Northeast regions, with convenient transportationconnections to Hanoi, Hai Phong, and many other potentials and advantages, making it very favorable for attracting investment.

He also expresses his desire for Lao Cai province to support and introduce suitable locations for establishing a specialized industrial zone for mineral processing. American enterprises, with expertise in deep mineral processing and economic strength, are ready to invest in factories, technology transfer, and support workforce training in Lao Cai. These enterprises are committed to using high technology that does not harm the environment, aiming for green and sustainable development.

Ms. Nguyen Cam Phuong, CEO of Saigontel, stated that Saigontel is a member of Saigon Investment Group (SGI), a leading private conglomerate in investment and development of industrial – urban - service clusters. SGI has successfully invested and developed over 30 industrial, urban, and service clusters nationwide. Saigontel hopes to cooperate with Lao Cai to attract enterprises with technology and economic potential to invest.

Chairman of the Provincial People's Committee, Mr. Trinh Xuan Truong, affirmed that Lao Cai always considers the success of investors and enterprises as the success of the province; always offering preferential policies and creating favorable conditions to attract investors to Lao Cai. The investment orientation of American enterprises and Saigontel's partners towards green growth aligns well with the province's development direction.

Mr. Truong proposed that Saigontel and its American partners collaborate with the province to study investing in an industrial zone with a suitable layout and infrastructure conditions aligned with the investment orientation of the partners. Lao Cai province will direct relevant departments and agencies to create favorable conditions for Saigontel to access information and data for researching and developing plans.

Reference: Chủ tịch UBND tỉnh Trịnh Xuân Trường làm việc với Đoàn doanh nghiệp Hoa Kỳ | Báo Lào Cai điện tử (baolaocai.vn)

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On March 19th, officials from Saigontel Company met with the Chinese Enterprise Chamber of Commerce (CECC) Entrepreneur Club, which included more than 50 enterprises in the delegation. The Investment Promotion Centre, Ministry of Planning and Investment, also took part in the program. The conference centered on the advantages of the market and investment potential in Saigontel's initiatives in Vietnam.

Collaborative Sharing and Networking

Recognizing Saigontel as a leading entity in the real estate and industrial infrastructure sectors, particularly in terms of attracting foreign direct investment (FDI), the Chinese Enterprise Delegation expressed a desire for strong support, guidance, and investment opportunities from Saigontel. Over 50 Chinese enterprises attended the networking and working session, including numerous publicly traded corporations and entities with expertise in seeking local and foreign investment. The delegation represents a wide range of sectors and businesses, with noteworthy focus on steel, electronics, semiconductors, and commerce.

Following Saigontel's insights into investment directions and ongoing projects, the Chinese enterprises had discussions and sought additional information on investment incentives, foreign worker policies, and industrial park operational expenses. Furthermore, Chinese firms expressed an interest in participating in heavy industrial plant building in Vietnam, with an initial capital scale of $30 million. They thought that Saigontel would become a close partner, providing excellent solutions.

Mr. Nguyen Anh Tu, Deputy General Director of SaigonTel and Director of Saigontel Thai Nguyen, represented Saigontel and expressed appreciation for the Chinese Enterprise Delegation's collaboration and interest in Saigontel. He gave ideas and answered the delegation's questions, promising to promote and accompany firms investing in Saigontel's projects. He energetically introduced Saigontel's projects, as well as the various localities' investment incentives and competitive advantages."

At the end of the working session, Mr. Ly Ngoc Dien, Chairman of the Board of Directors of Tế Nguyên Ha Nam Iron and Steel Corporation, expressed gratitude to Saigontel for their warm reception of the Chinese Enterprise Delegation. He hopes that this meeting will lead to more opportunities for investment cooperation between the two parties.

Banner content: 'Survey Delegation of Chinese Business Club 2024'

Investment Promotion Department.

The Chinese Enterprise Commerce Club (CECC), also called the China Entrepreneur Club, was founded in 2013. It is an ecosystem developed by entrepreneurs, investors, economists, and management professionals from several well-known businesses both locally and globally. Mr. Ma Weihua, Chairman of the National Science and Technology Achievement Transformation Fund and former Chairman of China Merchants Bank, is the club's chairman. The club serves as a link between domestic and international firms, encouraging multi-sectoral economic development through investment promotion activities. It is currently a member of China's International Chamber of Commerce.

On March 5th, Saigontel Investment Promotion Department representatives had a working session with the Korean business delegation, including four companies: Daehan E&C, LG Chem, Kpower Ennergy, and GreenBridge Consulting. The delegation was led by Mr. Lee Seok Kyu, Chairman of the Board and CEO of Daehan E&C. The working session focused primarily on exchanging solutions and directions for reducing greenhouse gas emissions in the Korean market and their application in the Vietnamese market.

Recognizing Saigontel's environmental initiatives through events such as Open Innovation Day (OID), Vietnam International Innovation Expo 2023 (VIIE 2023), and the establishment of the Green Alliance to develop the Green Growth project in provinces and cities in Vietnam, including Thái Nguyên, Hải Phòng, Hưng Yên, Đồng Nai, Long An, and Ho Chi Minh City. The Korean business delegation seeks connection and collaboration with a "Green" Enterprise as Saigontel in greenhouse gas emission reduction projects which supported by the Korean government.

Representatives from Korean enterprises shared information about their greenhouse gas emission reduction projects.

At the working session, representatives of Korean enterprises introduced the direction of greenhouse gas emission reduction through changing traditional fuel sources and the "International Project for Heat Supply and Greenhouse Gas Emission Reduction Using Biomass Fuel in Vietnam." Enterprises participating in the project will receive free support when transitioning from boilers using traditional fuels to boilers using biomass fuels. The funds obtained from carbon credits from biomass boilers will be used to create a cash flow for the project. Currently, Vietnam has 64 thousand enterprises using traditional boilers, and the immediate goal of the project is to research and implement the use of biomass fuels targeting 10 thousand enterprises.

The project contributes to Vietnam's sustainable development goals by using environmentally friendly renewable energy to improve the environment in the manufacturing industry, improve air quality, and create employment for the workforce in Vietnam. The project helps enhance technical capacity through technology transfer of biomass boilers via on-site operation training where needed. It increases revenue for biomass fuel supplying enterprises and promotes exports by establishing low-carbon supply chains. Importantly, it aligns with the country's commitment to climate action, including adaptation and mitigation of greenhouse gas emissions, and supports the goals of the Paris Agreement.

After the meeting, the Korean Business Delegation looks forward to Saigontel's collaboration in implementing the government's zero-emission roadmap, participating in the development of Saigontel's net-zero industrial parks, and hopes that the project will contribute to reducing greenhouse gas emissions and protecting the environment, moving Vietnam towards becoming an exemplary green industrial nation.

The parties took the photos

Investment Promotion Department.

Saigontel recently held a working session with the Taiwanese expert delegation which led by Dr. Chien Yung Ma, Vice Chairman of the Semiconductor Association of Taiwan. The delegation also included Mr. Ken Wu, Chairman of JiaLong Group; Mr. Edison Chen, Senior Advisor at IBM; and Mr. James Huang, CEO of Bass Innovation. The meeting focused on key topics such as discussing green industrial parks in Vietnam and Taiwan, exploring circular economy, green construction materials, recycling projects, and exploring collaboration solutions in carbon trading. Additionally, discussions were held on enhancing training for semiconductor and green industry workforce in Vietnam.

In the working sessions, there is consensus on the importance of reducing carbon energy consumption and increasing the use of solar energy. This is considered crucial for workforce training. Experts in workforce training also participated in the discussions, providing in-depth insights and receiving positive feedback from all parties. It is worth noting that Taiwan currently has a project to bring 100 Vietnamese talents for training, with Hitech businesses in Taiwan covering 100% of the training costs. After completing the training, these talents will work directly for the businesses in Vietnam.

The consensus on the importance of experience, innovation, and practicality in projects was an integral part of the working sessions. Experts from Jialong Technology Group, IBM proposed solutions for handling electronic and semiconductor waste, blockchain solutions in carbon trading platforms, as well as training programs for human resources in carbon auditing and environmental protection. During the working sessions, both parties discussed international standardization and environmental protection, especially in creating conditions for businesses to conduct carbon audits. The government's participation was also emphasized, particularly following the government's commitments at the global climate change conferences COP26, 27, 28.

"The two-day working session set short-term goals such as building a solar energy system and processing electronic waste. It also proposed solutions for a carbon trading platform and workforce training. The collaboration between Saigontel and the Taiwanese expert delegation opens up prospects for the development of the circular and recycling economy, emphasizing environmental and green energy concerns.

Following the working sessions at Saigontel headquarters, the Taiwanese working group had a meeting and exchange with the leadership of Long An province. During the discussion, the Secretary of the Provincial Party Committee, Nguyen Van Duoc, shared the province's strategy to attract new-generation investors in high-tech industries, specifically in semiconductor technology, manufacturing, and electronics. The province has abundant green resources, and businesses are under significant pressure to reduce carbon emissions. Therefore, Long An province supports utilizing these resources to generate carbon credits, helping businesses alleviate the pressure of carbon emission reduction and enhancing the local economic position.

The working session concluded with expectations of future cooperation and sustainable development, bringing benefits to all parties involved.

Invesment Promotion Department.

CBTT QĐ của HĐQT về việc tổ chức ĐHĐCĐ thường niên năm 2024 của Saigontel

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CBTT Báo cáo tình hình quản trị Công ty 6 tháng đầu năm 2022.

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