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Envisioning the near future of becoming a global consumer technology business

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Masan High-Tech Materials, a subsidiary of Masan Group, is undergoing a second metamorphosis after a stunning transformation from a Vietnamese mining company to a leading manufacturer of global high-tech materials.

This entails concentrating on the research and development of technology products with broad applications in an effort to grow into a global consumer technology business.

Starting with a tungsten-based battery project

Nowadays, batteries are realized as the most common component in the consumer technology devices, from mobile phones and laptops to vehicles such as electric motorbikes and electric cars.

Although the battery is considered the energy source of the future, the global battery industry is still faced with challenges, the most typical of which is how to produce a battery cell with long-term energy retention and shorter charge time.

Besides, the batteries need to have higher safety and longer service life.

According to scientific studies, these challenges can be resolved by using the advanced tungsten materials in the battery.

Advanced tungsten materials produced by Masan High-Tech Materials

Advanced tungsten materials produced by Masan High-Tech Materials

If successful, the new-technology battery will have a 10 times higher power density and 10 times longer durability. It can also be charged 90 percent in five minutes.

Leveraging this innovation, the electric vehicle (EV) industry can produce models that can travel a longer distance with shorter charge time.

Users’ mobile devices will be smaller thanks to less space used for battery.

All technology devices will also be safer because they have higher heat resistance and reduce risks of explosion. 

Furthermore, with a longer battery lifetime, it helps lower much total cost of end users.

The burden of battery recycling after use will also lessen, and the environment will become greener. 

This future is not too far away

In July 2022, Nyobolt, a UK-based provider of Lithium-ion fast-charging battery solutions company, the only producer in the tungsten-battery cell industry with high potential for commercializing its products in the future, managed to raise €52 million (US$50.5 million) from H.C. Starck Tungsten Powders (HCS) – a Germany-based company with over 100 years of experience in tungsten recycling.

The owner of HCS is not at all a stranger, it is none other than Masan High-Tech Materials (MHT).

HCS enters into an investment deal with NyoBolt.

HCS enters into an investment deal with NyoBolt.

This handshake signals MHT’s next step in its quest to go above and beyond a global hi-tech materials producer to become a manufacturer of hi-tech consumer goods, including tungsten-based battery cells.

Nyobolt is expected to use HCS hi-tech tungsten materials in its battery anode coating that will help the battery achieve record high capacity. 

As such HCS will, through its new products and inventions like Nyobolt battery, come closer to end users, who will benefit directly from the hi-tech materials technology. 

A complete value chain with a positive impact on the community

Apparently, MHT is expanding its investment to develop a strategy of horizontal and vertical integration.

On the one hand, MHT invests in the companies that can commercialize their products using MHT hi-tech materials to directly meet the need of end users such as Nyobolt battery.

On the other hand, the mining operation and processing of advanced materials with high purity and material recycling are forecast to thrive.

The recycling technology at H.C. Starck

The recycling technology at H.C. Starck

Masan High Tech Materials’ shift in focus from mining to investment in the technologies will have direct impact on end users, marking a deeper market penetration into the consumer sector. 

In reality, the business expansion into subsequent stages of technology materials manufacturing has been proven to be successful.

Take HP for instance, after expanding its business operation from producing office printers and computers to providing ink accessories and printing papers, they gained much higher sales than other businesses selling ink cartridges only. 

According to Harvard Business Review, businesses will be better able to engage in the value chain if they expand to move further downstream, thus boosting sales and revenue, and developing stronger customer relationships that will eventually result in brand loyalty.

Masan High-Tech Materials’ processing complex in Germany

Masan High-Tech Materials’ processing complex in Germany

This is the reason MHT will not stop at being a leading supplier of global advanced tungsten materials, but the company has aspirations to become a Vietnamese business pioneering in the development of cutting-edge battery technology and battery recycling at the end of their useful lives. 

At the MHT 2022 Annual General Meeting of Shareholders, Craig Richard Bradshaw, CEO of MHT said, “Instead of just supplying materials to make smartphones, automobiles, aircraft or submarines, we make investments in research and development (R&D) so that we can one day create practical consumer products for these key industries.”

Source: https://tuoitrenews.vn/news/business/20221012/envisioning-the-near-future-of-becoming-a-global-consumer-technology-business/69521.html

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330,000 visitors bring Hanoi $42.6mn on Tet

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Hanoi earned more than VND1 trillion (US$42.6 million) from 330,000 visitors in five days of the seven-day 2023 Tet (Lunar New Year) holiday, according to the city’s tourism department.

The number of visitors, calculated from January 21 to Thursday, is three-fold that of the same period last year.

That included 32,000 international visitors, most of whom came from South Korea, Japan, Singapore, Thailand, and Canada, and 300,000 domestic tourists.

The Van Mieu – Quoc Tu Giam (Temple of Literature – Imperial Academy) in Dong Da District welcomed 80,000 people, while the same number of visitors came to the Huong Pagoda in My Duc District.

The UNESCO-recognized Thang Long Imperial Citadel in Ba Dinh District received 19,680 visitors.

About 18,000 people visited the Co Loa relic site in Dong Anh District.

Duong Lam Village and the Son Tay ancient fortress citadel in Son Tay Town drew some 15,000 visitors, Hanoi Zoo in Ba Dinh District received 17,235 people.

The Hoa Lo Prison relic site in Hoan Kiem District, Hong Van ornamental creature village in Thuong Tin District, Bat Trang pottery village in Gia Lam District, and many temples in the capital city also recorded a sharp increase in visitors.

The city’s total tourism revenue during the five-day period is estimated at VND1 trillion.

The occupancy rate of hotel rooms reaches 40 percent during the same period, according to the Hanoi Department of Tourism, which expects the city to remain a favorite destination for tourists in the coming days, when many attractive festivals begin at famous spiritual tourist attractions.

The 2023 Tet break lasted seven days from January 20 to 26 in Vietnam.

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Hanoi earned more than VND1 trillion (US$42.6 million) from 330,000 visitors in five days of the seven-day 2023 Tet (Lunar New Year) holiday, according to the city’s tourism department.

The number of visitors, calculated from January 21 to Thursday, is three-fold that of the same period last year.

That included 32,000 international visitors, most of whom came from South Korea, Japan, Singapore, Thailand, and Canada, and 300,000 domestic tourists.

The Van Mieu – Quoc Tu Giam (Temple of Literature – Imperial Academy) in Dong Da District welcomed 80,000 people, while the same number of visitors came to the Huong Pagoda in My Duc District.

The UNESCO-recognized Thang Long Imperial Citadel in Ba Dinh District received 19,680 visitors.

About 18,000 people visited the Co Loa relic site in Dong Anh District.

Duong Lam Village and the Son Tay ancient fortress citadel in Son Tay Town drew some 15,000 visitors, Hanoi Zoo in Ba Dinh District received 17,235 people.

The Hoa Lo Prison relic site in Hoan Kiem District, Hong Van ornamental creature village in Thuong Tin District, Bat Trang pottery village in Gia Lam District, and many temples in the capital city also recorded a sharp increase in visitors.

The city’s total tourism revenue during the five-day period is estimated at VND1 trillion.

The occupancy rate of hotel rooms reaches 40 percent during the same period, according to the Hanoi Department of Tourism, which expects the city to remain a favorite destination for tourists in the coming days, when many attractive festivals begin at famous spiritual tourist attractions.

The 2023 Tet break lasted seven days from January 20 to 26 in Vietnam.

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Source: https://tuoitrenews.vn/news/business/20230127/330000-visitors-bring-hanoi-426mn-on-tet/71147.html

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Vietnamese firms secure orders to export durians to China during Tet

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Many Vietnamese enterprises have won orders to ship durians to China during this Lunar New Year (Tet) holiday after the first 100-metric-ton Vietnamese durian batch was exported to the northern neighbor via official channels in September last year.

A durian purchasing company in Binh Phuoc Province, southern Vietnam, informed that it had secured an order to export 500,000 metric tons of durians to China.

Although farms in the province fail to supply the sufficient volume, the company will collect durians from other eligible farms.

Meanwhile, Van Xuan Phat Import-Export Co. Ltd. based in Ho Chi Minh City on Thursday said that the company would monthly export 1,000 metric tons of durians.

Huynh Van Dung, a trader in Hanoi, said China has a plan to buy one million Vietnamese durians, which are preferred and quickly consumed in the most populous country in the world.

According to Nguyen Dinh Tung, general director of Vina T&T Group, which specializes in exporting fruits and is among the 25 Vietnamese enterprises being issued with a packaging unit code, Vina T&T and Hong Kong’s Sunwah Group had inked a contract to export Vietnamese durians to Hong Kong.

Vietnam expects to ship 90,000 metric tons, or some 4,500 containers, of fresh durians abroad this year.

Dang Phuc Nguyen, general secretary of the Vietnam Fruit and Vegetable Association, said that although Vietnam has just exported durians to China through official channels since September 2022, the country has generated some US$350 million from durian exports.

Therefore, Nguyen forecast that durians will help earn over $1 billion in export revenue in 2023.

“Durian growing areas issued with codes are entitled to higher export prices. Durians were priced at VND80,000-100,000 [$3.4-4.3] per kilogram in the Mekong Delta ahead of Tet.

“To buy durians from these areas, enterprises must put down deposits,” Nguyen added.

China imported 821,600 metric tons of fresh durians worth over $4.2 billion in 2021, surging 42.7 and 82.4 percent, respectively, year on year.

It is the largest buyer of durians in the world. Thailand is currently the largest supplier of durians to China, accounting for a 40 percent market share.

Local experts forecast that the country’s durian exports will depend on China in the future.

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Many Vietnamese enterprises have won orders to ship durians to China during this Lunar New Year (Tet) holiday after the first 100-metric-ton Vietnamese durian batch was exported to the northern neighbor via official channels in September last year.

A durian purchasing company in Binh Phuoc Province, southern Vietnam, informed that it had secured an order to export 500,000 metric tons of durians to China.

Although farms in the province fail to supply the sufficient volume, the company will collect durians from other eligible farms.

Meanwhile, Van Xuan Phat Import-Export Co. Ltd. based in Ho Chi Minh City on Thursday said that the company would monthly export 1,000 metric tons of durians.

Huynh Van Dung, a trader in Hanoi, said China has a plan to buy one million Vietnamese durians, which are preferred and quickly consumed in the most populous country in the world.

According to Nguyen Dinh Tung, general director of Vina T&T Group, which specializes in exporting fruits and is among the 25 Vietnamese enterprises being issued with a packaging unit code, Vina T&T and Hong Kong’s Sunwah Group had inked a contract to export Vietnamese durians to Hong Kong.

Vietnam expects to ship 90,000 metric tons, or some 4,500 containers, of fresh durians abroad this year.

Dang Phuc Nguyen, general secretary of the Vietnam Fruit and Vegetable Association, said that although Vietnam has just exported durians to China through official channels since September 2022, the country has generated some US$350 million from durian exports.

Therefore, Nguyen forecast that durians will help earn over $1 billion in export revenue in 2023.

“Durian growing areas issued with codes are entitled to higher export prices. Durians were priced at VND80,000-100,000 [$3.4-4.3] per kilogram in the Mekong Delta ahead of Tet.

“To buy durians from these areas, enterprises must put down deposits,” Nguyen added.

China imported 821,600 metric tons of fresh durians worth over $4.2 billion in 2021, surging 42.7 and 82.4 percent, respectively, year on year.

It is the largest buyer of durians in the world. Thailand is currently the largest supplier of durians to China, accounting for a 40 percent market share.

Local experts forecast that the country’s durian exports will depend on China in the future.

Like us on Facebook or  follow us on Twitter to get the latest news about Vietnam!

Source: https://tuoitrenews.vn/news/business/20230126/vietnamese-firms-secure-orders-to-export-durians-to-china-during-tet/71137.html

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Int’l tourists to Vietnam’s Phu Quoc during Tet surge

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Phu Quoc Island off Kien Giang Province, southern Vietnam, welcomed some 70,000 tourist arrivals between January 20 and 24, or the 29th day of the 12th month of the last lunar year and the third day of this lunar year, including 4,400 international visitors, surging 64 percent year on year, according to the provincial Department of Tourism.

The city earned VND30.9 billion (US$1.3 million) in tourism revenue in the period.

Meanwhile, the entire Kien Giang Province served 134,160 tourist arrivals, with 4,800 of them being foreigners, soaring 75.9 percent over the same period last year.

On Wednesday, flights, ferries and high-speed vessels from Rach Gia and Ha Tien Cities to Phu Quoc were operated as normal.

Due to the high number of tourists to the island city, the occupancy rate of lodging facilities in the city reached some 85 percent on average.

Huynh Quang Hung, chairman of the People’s Committee of Phu Quoc City, said the city has advantages of beautiful beaches and the favorable climate.

The number of international visitors to Phu Quoc was forecast to surge this year if some air routes connecting the city with China and Russia are reopened.

“Tourists have come to Phu Quoc in droves this Tet. Lodging facilities in the city have reported an occupancy rate of 80, even 90 percent.

“Tourism service providers in Phu Quoc have launched promotion programs to attract tourists.

“In 2023, Hon (Kiss) Bridge in An Thoi Ward will be introduced to attract more local and foreign guests to Phu Quoc,” Hung added.

Earlier, Kien Giang Province expected to welcome more than 400 domestic and international flights to Phu Quoc and Rach Gia cities and over 230 ferry and vessel services to islands off the province during eight-day Lunar New Year holiday, from the 29th day of the 12th month of the last lunar year to the sixth day of this lunar year.

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Phu Quoc Island off Kien Giang Province, southern Vietnam, welcomed some 70,000 tourist arrivals between January 20 and 24, or the 29th day of the 12th month of the last lunar year and the third day of this lunar year, including 4,400 international visitors, surging 64 percent year on year, according to the provincial Department of Tourism.

The city earned VND30.9 billion (US$1.3 million) in tourism revenue in the period.

Meanwhile, the entire Kien Giang Province served 134,160 tourist arrivals, with 4,800 of them being foreigners, soaring 75.9 percent over the same period last year.

On Wednesday, flights, ferries and high-speed vessels from Rach Gia and Ha Tien Cities to Phu Quoc were operated as normal.

Due to the high number of tourists to the island city, the occupancy rate of lodging facilities in the city reached some 85 percent on average.

Huynh Quang Hung, chairman of the People’s Committee of Phu Quoc City, said the city has advantages of beautiful beaches and the favorable climate.

The number of international visitors to Phu Quoc was forecast to surge this year if some air routes connecting the city with China and Russia are reopened.

“Tourists have come to Phu Quoc in droves this Tet. Lodging facilities in the city have reported an occupancy rate of 80, even 90 percent.

“Tourism service providers in Phu Quoc have launched promotion programs to attract tourists.

“In 2023, Hon (Kiss) Bridge in An Thoi Ward will be introduced to attract more local and foreign guests to Phu Quoc,” Hung added.

Earlier, Kien Giang Province expected to welcome more than 400 domestic and international flights to Phu Quoc and Rach Gia cities and over 230 ferry and vessel services to islands off the province during eight-day Lunar New Year holiday, from the 29th day of the 12th month of the last lunar year to the sixth day of this lunar year.

Like us on Facebook or  follow us on Twitter to get the latest news about Vietnam!

Source: https://tuoitrenews.vn/news/business/20230126/intl-tourists-to-vietnams-phu-quoc-during-tet-surge/71124.html

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