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Participants at the seminar (Photo: VNA) Hanoi (VNA) - Many businesses from the Republic of Korea (RoK) are looking to connect and get more information about the Vietnamese market as well as investment policies of the country, especially in auto parts, mechanics, and electronics, said Vu Ba Phu, Director of the Vietnam Trade Promotion Agency (Vietrade) under the Ministry of Industry and Trade (MoIT). Speaking at seminar jointly held by Vietrade, the Korea Trade Investment Promotion Agency (KOTRA) and the Vietnam National Trade Fair and Advertising Company (Vinexad) in Hanoi on April 15 in the framework of the 30th International Trade Fair (Vietnam Expo 2021), Phu said this was a good opportunity for Vietnamese industrial parks and businesses to connect with Korean firms to attract investment and expand cooperation in developing value chains in manufacturing. Auto parts manufacturing is one of the top areas attracting interest from businesses in Vietnam at present, Phu … [Read more...] about Korean firms look to invest in auto parts industry in Vietnam

Matt Hancock has "serious questions to answer" after it was revealed he and his sister own shares in a company benefiting from lucrative NHS contracts. The Health Secretary declared in the MPs' register of interests in March of this year that he now owns shares in company Topwood Limited, which specialises in secure storage, shredding and scanning of documents. The Health Service Journal (HSJ) reported that the firm, which is owned by his sister, won a place on a framework to provide services to the English NHS in 2019, as well as contracts with the NHS in Wales. It also reported that the Health Secretary did not declare his connection to the company in the relevant register of interests, a claim which has been rejected by the Government. A Government spokeswoman said the Health Secretary had acted "entirely properly in these circumstances" and that all declarations of interest have been made "in accordance with the ministerial code". Meanwhile, a Whitehall source said that … [Read more...] about Matt Hancock accused of ‘cronyism’ over shares in firm that got lucrative NHS contract

Seoul: SK Telecom Co, South Korea's largest mobile carrier, said on Wednesday that it will create a new holding company for its non-mobile subsidiaries to accelerate growth in promising fields and help parent group tighten its grip on its chip-making affiliate, SK hynix Inc . The telecom operator said that it will conduct a spin-off to form the holding company, which will oversee operations of its non-mobile affiliates and subsidiaries, such as memory chip giant SK hynix Inc., e-commerce firm 11Street Co and ride-hailing company T Map Mobility Co, among others. The new holding company will also focus on investments in semiconductor-related companies. While SK hynix has made active investments in the past, such as acquiring Intel 's NAND memory business in October last year for $9 billion, its parent SK Group wants to tighten its grip on the chipmaker and help it aggressively expand investments. The remaining entity will focus on the mobile carrier's traditional … [Read more...] about South Korean mobile carrier SK Telecom to split into two firms

New Delhi: Telecom operator Reliance Jio , state-run CDAC and data centre CtrlS are among the Indian entities that have opted for deploying the 3rd Gen Intel Xeon Scalable processors, the US-based chip maker said on Wednesday. Reliance Jio Senior Vice President Aayush Bhatnagar, during the launch event of the processor, said the company will like to leverage the new processors for 5G services and for driving blockchain-enabled use cases. "5G workloads will necessitate infrastructures that can seamlessly scale to support responsiveness and diverse performance requirements. "The growth of data consumption, edge computing and the rapid expansion of cloud-native 5G networks would require the evolution of processors to meet these demands. The 3rd Gen Intel Xeon Scalable processor is an important milestone in this evolution journey," Bhatnagar said. Intel has unveiled the new processors by leveraging its 10 nanometer (nm) process technology with up to 40 cores per … [Read more...] about Reliance Jio, CDAC, CtrlS among firms to adopt 3rd Gen Intel Xeon Scalable processors

A government adviser became a director of Greensill Capital months after taking on his Cabinet Office role - in the latest link between the now-collapsed finance firm and Whitehall to emerge. David Brierwood, a former employee of the Morgan Stanley investment bank, was appointed as a crown representative by the Cabinet Office under David Cameron's tenure as prime minister. According to his Linkedin profile, Mr Brierwood took on the role in October 2014 until June 2018. How did the David Cameron lobbying scandal unfold? In January 2015, according to Companies House records, Mr Brierwood also became a director of Greensill Capital - the firm at the centre of a lobbying row involving Mr Cameron . The government website states crown representatives are a "network to act as a focal point for particular groups of providers looking to supply to the public sector". Advertisement They are said to help the government to act as a single … [Read more...] about David Cameron lobbying: Government adviser David Brierwood became Greensill director months after taking Whitehall role