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GUANGZHOU, China, Sept. 27, 2024 /PRNewswire/ -- During a trade promotion event at the Guangzhou International Fruit & Vegetable Expo, Betrimex (Ben Tre Import Export Joint Stock Company) signed a Memorandum of Understanding (MoU) with the Jiangnan Market Imported Fruit Chamber of Commerce to establish a strategic partnership for exporting fresh coconuts from Vietnam to the Chinese market. This milestone marks a significant opportunity for Vietnamese fresh coconuts to enter the Chinese market. The signing ceremony was witnessed by representatives from the Vietnamese Consulate in Guangzhou, the Vietnam Coconut Association, and key members of the Jiangnan Market Imported Fruit Chamber of Commerce. This proactive move by Betrimex comes just over a month after the Vietnamese Ministry of Agriculture and Rural Development and the General Administration of Customs of China signed three protocols on agricultural product exports, including fresh coconuts, to China. Betrimex and Jiangnan Market Imported Fruit Chamber of Commerce signed an MOU to promote Vietnamese fresh coconut exports to China. Under this strategic partnership, Betrimex will be the Chamber's strategic partner for supplying and importing fresh coconuts into the Guangzhou market. Both parties are committed to close cooperation to ensure a stable supply and high-quality products that meet export standards. They will also collaborate on trade promotion, marketing, and communication activities to enhance brand recognition and expand market share for Vietnamese fresh coconuts, not only in Guangzhou but throughout China. Mr. Cao Ba Dang Khoa, General Secretary of the Vietnam Coconut Association, stated: "Immediately after the protocol was issued, we have been working tirelessly to connect Vietnamese businesses with Chinese partners." The Vietnam Coconut Association predicts that with the signing of the protocol allowing official export of fresh coconuts to China, fresh coconut export turnover this year could reach US$250 million, accounting for 25% of the total coconut industry's export turnover. Mr. Khoa also noted that China is currently the main market, receiving more than 60% of Thailand's coconut production. The emergence of Vietnamese fresh coconuts will create exciting competition, requiring businesses to pay special attention to product quality to gain customer trust. "Only then can we turn these MoUs into real value, bringing long-term benefits to the Vietnamese coconut industry," he emphasized. As a leading coconut manufacturer from Vietnam, Ms. Tran Que Trang, CEO of Betrimex, shared: "Exporting fresh coconuts to China is part of Betrimex's long-term strategy. We have been proactively preparing since the protocol was in the negotiation stage, from developing international-standard plantations to researching and ensuring compliance with the stringent export standards of this massive market. Betrimex, in coordination with the Vietnam Coconut Association, has also been diligently promoting and seeking potential partners for over a year. With our years of experience in the Chinese market and the strong support from the Jiangnan Market Imported Fruit Chamber of Commerce, we are confident that Vietnamese fresh coconuts will open doors to deeper penetration into this vast market, gradually realizing the goal of bringing national agricultural products to the global stage." Betrimex is a familiar name in the Chinese market, with its processed coconut products having successfully won over consumers. Betrimex is also the only coconut enterprise in Vietnam with the China Organic certification for its coconut plantations. With this background, Betrimex is actively working to create new growth opportunities for the industry. Betrimex and the Vietnam Coconut Association also signed an MoU to establish an Information Exchange Center with the Hainan Coconut Industry Association (China) in Vietnam. This center will serve as a bridge for exchanging information on markets, products, and supply sources for coconut products, to promote trade and increase export turnover between the two sides.
LOS ANGELES, US - Media OutReach Newswire - 26 September 2024 - Vingroup has officially signed a memorandum of understanding (MOU) with renowned entertainment industry leaders, Warner Music Group and Indochina Productions. This collaboration paves the way for Vietnam to host world-class music stars, while simultaneously elevating the country's tourism and cultural image to a global audience of hundreds of millions. These strategic partnerships were formalized within the context of the Vietnam Tourism - Cinema Promotion Program, a initiative spearheaded by the Ministry of Culture, Sports and Tourism in Hollywood, California. Under the terms of the agreements, Vingroup will collaborate with Warner Music Group and Indochina Productions to amplify awareness of its key products, while also showcasing Vietnamese culture to a global audience through film, music festivals, and music videos. The collaboration aims to position Vietnam as a premier destination for international filmmakers and music video producers. Vingroup has pledged its support to Warner Music Group and Indochina Productions, offering the use of its Vinpearl resorts and VinWonders amusement parks as filming locations. Furthermore, Vingroup will provide VinFast electric vehicles to enhance the production capabilities of these partners in their music and film endeavors. A key outcome of this partnership is the potential for world-renowned music stars managed by Warner Music Group to grace the stage at events such as the 8Wonder International Music Festival and other Vinpearl-organized music gatherings. Vingroup signed MOU with Warner Music Group and Indochina Productions. Lisa Nguyen, Managing Director of Warner Music Vietnam, shared: "Vietnam's breathtaking natural beauty makes it a potentially ideal location for film productions and concerts. Some of our artists, such as Charlie Puth, have performed here. By partnering with Vingroup,Warner Music Group hopes to have more opportunities to expand our operations in Vietnam." Nicholas Simon, General Director of Indochina Productions, said: "Indochina Productions has a proven track record of operating to the highest international standards throughout the region. With the support of government agencies and industry stakeholders, we've played a pivotal role in establishing Thailand and the Philippines as Hollywood film hubs. These factors brought the 'Kong: Skull Island' film crew to Vietnam. With Vingroup's backing, we're confident that Vietnam will become a sought-after location for numerous international blockbusters in the future." Ngo Thi Huong, representative of Vingroup, shared: "We are honored to partner with Warner Music and Indochina Productions in promoting Vietnam's rich culture, vibrant tourism, and groundbreaking innovations. This collaboration offers us a unique platform to showcase Vingroup's brand and products to a global audience, while also bringing world-class artists, actors, and film crews closer to Vietnamese audiences. By fostering these connections, we aim to elevate Vietnam's cultural identity and showcase its beauty to the world." The strategic partnership between Vingroup, Warner Music, and Indochina Productions underscores the global influence and reach of Vietnam's premier multi-industry corporation. This collaboration also demonstrates Vingroup's vision and commitment to showcasing Vietnam's rich cultural heritage, stunning landscapes, iconic landmarks, and economic prosperity to the world. By showcasing these unique attributes, the collaboration aims to position Vietnam as a leading tourist destination in Asia. Hashtag: #VingroupThe issuer is solely responsible for the content of this announcement.About VingroupEstablished in 1993, Vingroup is one of the leading private conglomerates in the region and currently focuses on three main areas: Technology and Industry, Services and Social Enterprise. With a production and business network spanning Vietnam and many other countries such as North America, Europe, and Southeast Asia, Vingroup consistently pursues a strategy of collaborating with world-leading corporations to continuously innovate and develop a premium ecosystem of products and services, enhancing the quality of life and elevating the Vietnamese brand on the global stage. Find out more at: https://www.vingroup.net/en. About Warner Music GroupWarner Music Group, a leading global music corporation founded in 1958 and headquartered in New York, USA, represents a roster of renowned artists including Ed Sheeran, Dua Lipa, and Cardi B. About Indochina ProductionsIndochina Productions (ICP), a renowned production company established in 2010 by Hungarian-American filmmaker Nicholas Simon, has become a trusted partner for major brands in the global entertainment and advertising industry. ICP played a pivotal role in bringing the blockbuster film Kong: Skull Island to Vietnam, showcasing the country's stunning landscapes and rich culture to a worldwide audience.
Media Kit: DFC at UNGA 2024 NEW YORK, Sept. 25, 2024 /PRNewswire/ -- Today, participating G7 development finance institutions (DFIs), MedAccess, the European Investment Bank (EIB), and the International Finance Corporation (IFC) announced the signing of a memorandum of understanding (MoU) for the Surge Financing Initiative for Medical Countermeasures (MCMs). These DFIs are working closely with global and regional health organizations to establish the collaboration frameworks and innovative financing mechanisms needed to support a rapid and equitable pandemic response. Building on lessons from the COVID-19 pandemic, the initiative will focus on the procurement, production, and distribution of vaccines, therapeutics, diagnostics, and other MCMs for low- and lower-middle-income countries. The MoU builds on the Joint Statement of Collaboration announced at UNGA last year as well as the Chair Summary and Report that outlined collaboration and innovating financing options. This effort is a joint collaboration between participating G7 DFIs, MedAccess, EIB, and IFC, in accord with G7 Hiroshima Vision for Equitable Access to Medical Countermeasures launched at the 2023 Hiroshima Summit and reaffirmed at the 2024 Apulia Summit. The MoU was signed by the U.S. International Development Finance Corporation (DFC, USA), Cassa Depositi e Prestiti (CDP, Italy), British International Investment (BII) & MedAccess (UK), KfW & Germany's Development Finance Institution DEG (Germany), AFD & Proparco (France), JICA (Japan), EIB (European Union), and IFC (World Bank Group). The MoU also has support from the Government of Canada and leading global and regional health organizations. This work builds on ongoing collaboration across many DFIs on regional manufacturing in Africa. The ongoing Mpox public health emergency underscores the importance of this collaboration and need for surge financing. Leveraging this initiative, DFIs met with leading global health organizations including the World Health Organization, Africa Centres for Disease Control and Prevention (Africa CDC), Gavi, and the Coalition for Epidemic Preparedness Innovations (CEPI) on August 22, soon after Mpox was declared a public health emergency of international concern, to discuss response efforts and financing needs. "DFC is proud to support this first-of-its kind framework to ensure DFIs can act swiftly and cohesively to provide surge financing for life-saving products at the start of a health emergency. We expect to leverage this initiative for the Mpox response, working closely with our U.S. Government, development finance, and health partners More broadly, DFC's investments in health services, supply chains, and technology all help bolster pandemic preparedness and health system resilience." said DFC DCEO Nisha Biswal. "JICA believes this surge financing initiative will enhance coordination among development finance institutions and health organizations to achieve our commitment to work towards equitable access to safe, effective, quality-assured and affordable MCMs for health emergencies, which Japan announced as Chair of the 2023 G7 Summit in Hiroshima. Leveraging this initiative and JICA's own lessons learned from the COVID-19 pandemic, we will continue to support countries that have suffered from inequitable access to MCMs in the past," said Chief Representative of JICA USA Office Satoko Tanaka. "IFC is proud to participate in this innovative framework to support medical countermeasure financing mechanisms, an important step for responding more effectively to future health crises. Collaboration between development finance institutions and global health partners is key to ensure coordinated efforts that strengthen healthcare systems and supply chains, enhancing pandemic preparedness." IFC Vice President of Industries Mohamed Gouled. "DEG and KfW are committed to the UN Sustainable Development Goals, one of which is improving healthcare," said Member of the DEG Management Board Monika Beck. "Therefore, we are delighted to support this initiative to provide financing for healthcare products during health emergencies, together with our trusted development finance partner institutions. We are convinced that it is essential to join forces to support improved access to critical health products when they are in short supply." "Sustainable development is linked to equitable and rightful access to health and well-being. As CDP, we strongly support this initiative, which has been mentioned in the G7 Leaders' final declaration last June at the Apulia Summit, that will foster the development of health systems across emerging economies, ensuring the foundation is laid for research, production, and distribution of essential medicines, diagnostic equipment, and vaccines. The COVID-19 pandemic underscored the critical need for every nation to be equipped with the tools to safeguard public health in times of crisis. Achieving the 2030 UN SDGs will require robust global collaboration, and we are proud to partner with G7 DFIs, the European Investment Bank, and the International Finance Corporation to help make this vision a reality." said CDP Director of International Development Cooperation Paolo Lombardo. "The COVID-19 pandemic showed us the value of working together but also the need to coordinate our actions more closely," said EIB Vice President Thomas Östros. "With joint efforts, we can multiply our impact and effectiveness, especially in meeting current challenges such as Mpox and in tackling future health emergencies. At the EIB, global health is a key priority, and we highly value this partnership." "The MoU is an important step towards strengthening global health security and reducing the impact of future pandemics on vulnerable populations. This furthers our commitment, as the UK's DFI, to invest in businesses that provide essential health services and products, including vaccines. It will ensure that future health crises can be mitigated to allow continued economic growth and social progress in low- and middle-income countries," said BII Chair Diana Layfield. "When critical health products are in short supply, fast and flexible capital can make the difference between life and death," said CEO of MedAccess Michael Anderson. "The COVID-19 pandemic showed how quickly global supply chains can grind to a halt when overwhelming demand meets scarce supply. This led to inequitable distribution of medical products, leaving millions of people at risk from the disease. Today's announcement underlines our shared commitment to being prepared for future pandemics with the capital and financial tools to enable companies to meet large-scale, urgent demand for lifesaving products." "A lesson learned from the COVID-19 crisis is that it is possible to mobilize significant public and private financial resources in turbulent times. Let's use this experience of successful mobilization to anticipate effective pandemic preparedness. I believe this Memorandum of Understanding is one of the necessary steps towards better coordination among Public Development Banks to mobilize the private sector and demonstrates the catalytic power of joining forces for innovative financial instruments, as explored by Finance in Common and its Social Investment Coalition. Health is a common good, no one should be left behind in the face of a pandemic," said Rémy Rioux, CEO of AFD Group (AFD, Proparco, and Expertise France) and Chairman of Finance in Common Summit in Paris. The U.S. International Development Finance Corporation (DFC) partners with the private sector to finance solutions to the most critical challenges facing the developing world today. We invest across sectors including energy, healthcare, infrastructure, agriculture, and small business and financial services. DFC investments adhere to high standards and respect the environment, human rights, and worker rights.
Joint Effort Aims to Accelerate Growth and Expansion of Thai Companies in SingaporeSINGAPORE - Media OutReach Newswire - 19 September 2024 - SUNRATE, an intelligent global payment and treasury management platform, announced that it has signed a memorandum of understanding (MOU) with the Singapore-Thai Chamber of Commerce (STCC Thailand) to empower Thai companies seeking to scale and operate in Singapore. As part of the partnership, members of Singapore-Thai Chamber of Commerce can now leverage SUNRATE's technological resources and the expertise of its business development representatives to navigate the complex landscape of international business expansion. This support includes the ability to make payments via SUNRATE's business account to more than 190 countries and regions, transact in over 130 currencies, and benefit from global collection services available in over 30 currencies. Additionally, companies can collect funds in more than 10 major international currencies as if they were local payments. Foreign companies can also open SUNRATE's THB collection business accounts. Li Tao, Head of Growth at SUNRATE said, "On the ground, we understand that many Thai companies face challenges in setting up or scaling their business operations across borders, particularly in Singapore. As the leading global B2B payment platform for Emerging Asia, we are perfectly positioned to empower these companies, especially regarding their business payment needs." Marciano Birjmohun, Vice Chairman of the Singapore-Thai Chamber of Commerce, said "The Singapore-Thai Chamber of Commerce actively supports its members and affiliates, particularly Thai companies, by providing them with greater access to professional services essential for seamless business expansion. This strategic partnerships with SUNRATE ensures that companies receive tailored guidance, resources, and expertise. This facilitates smooth entry into new markets, strengthens cross-border collaboration, and enhances the overall experience of expanding business operations within the region" Hashtag: #SUNRATEThe issuer is solely responsible for the content of this announcement.About SUNRATESUNRATE is an intelligent global payment and treasury management platform for businesses worldwide. Since its inception in 2016, SUNRATE has been recognised as a leading solution provider and has enabled companies to operate and scale both locally and globally in 190+ countries and regions with its cutting-edge proprietary platform, extensive global network, and robust APIs. With its global business headquarters in Singapore and offices in Hong Kong, Jakarta, London, and Shanghai, SUNRATE partners with the top global financial institutions, such as Citibank, Standard Chartered, Barclays, J.P. Morgan, and is the principal member of both Mastercard and Visa. To learn more about SUNRATE, visit https://www.sunrate.com/ About Singapore-Thai Chamber of CommerceSingapore-Thai Chamber of Commerce (STCC) was founded as a non-profit organisation in 1993 by a group of Bangkok-based Singaporeans. Besides maintaining close relationships with the Singapore Embassy and Enterprise Singapore (ES), an initiative by the Singapore government to promote trade, STCC aims to promote economic and social relationships by bringing Thai, Singapore and foreign companies which are stationed in Thailand together. From a macro perspective, STCC aims to be the bridge connecting the two countries, which will lead to the betterment of both Singapore's and Thailand's economy. Our current corporate members consist of over 200 companies, from an extensive and diverse range of sectors like Banking and Finance, Hospitality, Properties, Professional Services, Electronic, Manufacturing and industries. Our vast network of members increases interactions and business opportunities and investment activities and opportunities between Singapore and Thailand.
GURUGRAM, India and AHMEDABAD, India, Sept. 18, 2024 /PRNewswire/ -- Hygenco Green Energies Pvt Ltd, a pioneer in producing low-cost green hydrogen, announced entering into a MOU with REC Limited (earlier Rural Electrification Corporation limited) for financing Hygenco's Green Ammonia Project in Gopalpur, Odisha. The MOU was formalized during the 4th Global Re-Invest held in Gandhinagar, Gujarat. Hygenco - REC Limited MOU signing at Gujarat, India The company's Green Ammonia Project is part of its broader vision to reduce carbon emissions. Under the MOU, REC will fund upto $280 million for the project, even as Hygenco is planning to invest about US$2.5 billion towards its green hydrogen and green ammonia projects across India in the next few years. Amit Bansal, Co-Founder and CEO of Hygenco, said, "We are committed to energy security and aligning with the Indian government's vision of Aatmanirbhar Bharat. Our projects will help reduce carbon emissions and pave the way for a sustainable future." Hygenco has already made a name for itself in the green hydrogen space. In March 2024, Hygenco commissioned India's first commercial green hydrogen plant in Hisar, Haryana. In 2022, Hygenco had signed India's first-ever commercial long-term offtake agreement of green hydrogen for the Hisar based project with Jindal Stainless. The developer has also signed agreements with major companies including Sterlite Technologies to supply green hydrogen. Hygenco's goal is to become a global leader in green hydrogen and green ammonia solutions. Hygenco's success is a significant step towards reducing India's carbon footprint. Their projects will help decarbonize industries that are difficult to abate, such as steel and chemical. This will contribute to India's climate goals and help create a sustainable future. About Hygenco: Headquartered in Gurgaon, India, Hygenco develops and deploys scaled-up commercially attractive green hydrogen and green ammonia assets. Hygenco, which has deep capabilities in designing, building, and operating Green Hydrogen projects, has commissioned India's first Green Hydrogen project in Hisar which was inaugurated by Union Minister of Civil Aviation and Steel earlier this year. Hygenco is looking to invest $2.5 billion over 3 years to set up Green Hydrogen projects in India. For more information on Hygenco, please visit https://www.hygenco.in/. Photo: https://mma.prnasia.com/media2/2507435/Hygenco.jpg?p=medium600Logo: https://mma.prnasia.com/media2/2406450/Hygenco_Logo.jpg?p=medium600
GURUGRAM, India and AHMEDABAD, India, Sept. 18, 2024 /PRNewswire/ -- Hygenco Green Energies Pvt Ltd, a pioneer in producing low-cost green hydrogen, announced entering into a MOU with REC Limited (earlier Rural Electrification Corporation limited) for financing Hygenco's Green Ammonia Project in Gopalpur, Odisha. The MOU was formalized during the 4th Global Re-Invest held in Gandhinagar, Gujarat. Hygenco - REC Limited MOU signing at Gujarat, India The company's Green Ammonia Project is part of its broader vision to reduce carbon emissions. Under the MOU, REC will fund upto $280 million for the project, even as Hygenco is planning to invest about US$2.5 billion towards its green hydrogen and green ammonia projects across India in the next few years. Amit Bansal, Co-Founder and CEO of Hygenco, said, "We are committed to energy security and aligning with the Indian government's vision of Aatmanirbhar Bharat. Our projects will help reduce carbon emissions and pave the way for a sustainable future." Hygenco has already made a name for itself in the green hydrogen space. In March 2024, Hygenco commissioned India's first commercial green hydrogen plant in Hisar, Haryana. In 2022, Hygenco had signed India's first-ever commercial long-term offtake agreement of green hydrogen for the Hisar based project with Jindal Stainless. The developer has also signed agreements with major companies including Sterlite Technologies to supply green hydrogen. Hygenco's goal is to become a global leader in green hydrogen and green ammonia solutions. Hygenco's success is a significant step towards reducing India's carbon footprint. Their projects will help decarbonize industries that are difficult to abate, such as steel and chemical. This will contribute to India's climate goals and help create a sustainable future. About Hygenco: Headquartered in Gurgaon, India, Hygenco develops and deploys scaled-up commercially attractive green hydrogen and green ammonia assets. Hygenco, which has deep capabilities in designing, building, and operating Green Hydrogen projects, has commissioned India's first Green Hydrogen project in Hisar which was inaugurated by Union Minister of Civil Aviation and Steel earlier this year. Hygenco is looking to invest $2.5 billion over 3 years to set up Green Hydrogen projects in India. For more information on Hygenco, please visit https://www.hygenco.in/.
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