Constellation Brands Announces New Leadership Appointments

VICTOR, N.Y., Dec. 08, 2023 (GLOBE NEWSWIRE) — Constellation Brands, Inc. (NYSE: STZ), a leading beverage alcohol company, today announced a number of new leadership appointments designed to position the company for sustained and industry-leading performance over the long term.

“One of the hallmarks of our company’s success over many years has been our relentless focus on continuing to find ways to position Constellation Brands for sustained and industry-leading performance,” said Bill Newlands, Constellation Brands’ President and Chief Executive Officer. “Continuing to invest in our talent to further strengthen leadership capabilities, broaden skill sets and perspective, and to enhance overall business acumen and strategic orientation is foundational to achieving our future ambitions.”

The aforementioned new leadership appointments are as follows:

Beer Division

Mallika Monteiro has assumed expanded responsibility for beer marketing while continuing to lead the company’s innovation, consumer insights, and digital functions as EVP, Chief Growth & Digital Officer and Managing Director, Beer Brands. Monteiro brings prior experience in beer and brand marketing and a deep understanding of consumer trends, preferences, and motivations to this role. Since joining Constellation in 2016, she has held a number of leadership roles with increasing responsibility, helping to accelerate Constellation’s innovation capabilities and driving portfolio growth through consumer-focused insights.

Matt Lindsay has been appointed SVP, Chief Marketing Officer – Beer Division. In this new role, Lindsay is responsible for leading the company’s beer marketing functions including Brand Marketing; Field, Lifestyle & Experiential Marketing; Trade Marketing; and Marketing Enablement. He joined Constellation in 2022 as SVP, Brand Marketing.

Greg Gallagher has been appointed SVP, Brand Marketing, assuming responsibility for all brand marketing efforts related to Constellation’s beer portfolio. Formerly as VP, Brand Marketing – Modelo, Gallagher’s contributions were integral in delivering award winning marketing strategies for the Modelo brand family, helping Modelo Especial secure its #1 selling position in dollar sales in U.S. tracked channels.

Rene Ramos has been appointed SVP, Brand Activation with responsibility for Field, Lifestyle & Experiential Marketing, as well as Trade Marketing. Ramos joined Constellation in 2013 and has played a key role in helping drive consumer connections through integrated and compelling brand experiences and sponsorships.

John Kester has been appointed SVP, Chief Supply Chain Officer – Beer, responsible for leading the company’s integrated end-to-end supply chain organization. Kester joined Constellation in 2014 and has played a key role in enhancing the company’s sourcing, procurement, transportation and logistics functions. He brings 30 years of beer industry experience across all facets of supply chain operations, across multiple geographies.

Innovation, Consumer Insights & Digital

Andrew Zrike has been appointed SVP, Innovation & Consumer Insights for the company’s beer and wine and spirits businesses. In this new role, Zrike leads a team responsible for developing integrated brand growth plans and ensuring consumer preferences and trends remain at the center of the company’s brand building efforts. Zrike joined Constellation in 2019 and has helped lead the development of a number of consumer-driven innovations including Modelo Oro, Modelo Aguas Frescas, and Corona Non-Alcoholic.

Karena Breslin has assumed expanded responsibilities as SVP, Digital, Transformation & Media, leading the company’s transformation and digital business acceleration efforts, in addition to her continued oversight of Constellation’s digital, media and marketing technology functions. Breslin joined Constellation in 2010 and has held a number of leadership roles with increased responsibility over time, establishing Constellation’s digital marketing function and accelerating the company’s eCommerce capabilities.

Corporate Strategy

Mike McGrew has assumed expanded responsibilities for corporate strategy and analytics, in addition to leading the company’s communications, ESG and diversity efforts as EVP, Chief Communications, Strategy, ESG & Diversity Officer. McGrew joined Constellation in 2014 and has held a number of progressive leadership roles, helping to evolve and enhance the company’s strategies and capabilities in areas including communications and public relations, investor relations, corporate social responsibility, and diversity, equity, and inclusion.

Finance

Michael Becka has assumed expanded responsibilities as SVP, Corporate Finance, where he will serve as lead for the company’s Tax, Controller, and Treasury teams. Becka joined Constellation in 2017 and has been instrumental in managing the company’s tax strategies.

Sandy Dominach has assumed expanded responsibilities as SVP, Beer Finance, in addition to overseeing the company’s Enterprise Risk Management function. Dominach has held a number of Finance leadership roles in Treasury, Financial Planning, and Enterprise Risk Management since joining Constellation in 2003.

Joe Suarez has been appointed SVP, Investor Relations. Suarez joined Constellation in 2021 and has focused on evolving the company’s investor engagement strategy and reinforcing Constellation’s reputation as a differentiated and high-growth investment opportunity.

Steve King has been appointed SVP, Corporate Development, and Financial Planning & Analytics. King has served in a number of roles with increasing responsibility in areas such as audit, financial analysis, financial management, and business development since joining Constellation in 2008.

“While we’ve had tremendous success over the years, I believe we’re only scratching the surface and the best is yet to come,” said Newlands. “These new leadership appointments will help equip our rising leaders with the perspective and capabilities needed to keep our company on the forefront of emerging consumer and marketplace trends, and they exemplify the deep bench strength of talent we have across the organization to continue driving our business forward.”

ABOUT CONSTELLATION BRANDS
Constellation Brands (NYSE: STZ) is a leading international producer and marketer of beer, wine, and spirits with operations in the U.S., Mexico, New Zealand, and Italy. Our mission is to build brands that people love because we believe elevating human connections is Worth Reaching For. It’s worth our dedication, hard work, and calculated risks to anticipate market trends and deliver more for our consumers, shareholders, employees, and industry. This dedication is what has driven us to become one of the fastest-growing, large CPG companies in the U.S. at retail, and it drives our pursuit to deliver what’s next.

Every day, people reach for our high-end, iconic imported beer brands such as those in the Corona brand family like the flagship Corona Extra, Modelo Especial and the flavorful lineup of Modelo Cheladas, Pacifico, and Victoria; our fine wine and craft spirits brands including The Prisoner Wine Company, Robert Mondavi Winery, Casa Noble Tequila, and High West Whiskey; and our premium wine brands such as Kim Crawford and Meiomi.

As an agriculture-based company, we have a long history of operating sustainably and responsibly. Our ESG strategy is embedded into our business and our work focuses on serving as good stewards of the environment, enhancing social equity within our industry and communities, and promoting responsible beverage alcohol consumption. These commitments ground our aspirations beyond driving the bottom line as we work to create a future that is truly Worth Reaching For.

To learn more, visit www.cbrands.com and follow us on XInstagram, and LinkedIn.

FORWARD-LOOKING STATEMENTS
This news release contains forward-looking statements. All statements other than statements of historical fact are forward-looking statements. The words “expect” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These statements may relate to business strategy, future operations, prospects, plans and objectives of management, as well as information concerning expected actions of third parties, including statements related to Constellation’s investment in talent and future ambitions or performance. All forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those set forth in, or implied by, such forward-looking statements. No assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur.

The forward-looking statements are based on management’s current expectations and should not be construed in any manner as a guarantee that such actions will in fact occur or will occur on the timetable contemplated hereby. All forward-looking statements speak only as of the date of this news release and Constellation undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

In addition to risks and uncertainties associated with ordinary business operations, the forward-looking statements contained in this news release are subject to other risks and uncertainties, including those disclosed from time-to-time in Constellation’s filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the fiscal year ended February 28, 2023 and its Quarterly Report on Form 10-Q for the fiscal quarter ended August 31, 2023, which could cause actual future performance to differ from current expectations.

MEDIA CONTACTS INVESTOR RELATIONS CONTACTS
Amy Martin 585-678-7141 / amy.martin@cbrands.com
Carissa Guzski 315-525-7362 / carissa.guzski@cbrands.com
Joseph Suarez 773-551-4397 / joseph.suarez@cbrands.com
Snehal Shah 847-385-4940 / snehal.shah@cbrands.com
David Paccapaniccia 585-282-7227 / david.paccapaniccia@cbrands.com

A downloadable PDF copy of this news release can be found here: http://ml.globenewswire.com/Resource/Download/10e85351-7319-4781-b7bc-45b5c2c78de9

GlobeNewswire Distribution ID 8992026

Publication Relating to a Transparency Notification

 

REGULATED INFORMATION

Publication Relating to a Transparency Notification

Mont-Saint-Guibert (Belgium), December 8, 2023, 10.30pm CET / 4.30pm ET In accordance with article 14 of the Act of 2 May 2007 on the disclosure of large shareholdings, Nyxoah SA (Euronext Brussels/Nasdaq: NYXH) announces that it received a transparency notification as detailed below.

On December 6, 2023, Nyxoah received a transparency notification from Deerfield Partners, L.P. indicating that Deerfield Partners, L.P. crossed the 3% threshold on November 30, 2023, after which Deerfield Partners, L.P. holds 856,085 shares, representing 2.99% of the total number of voting rights on November 30, 2023 (28,673,985).

The notification dated December 6, 2023 contains the following information:

  • Reason for the notification:
    • Acquisition or disposal of voting securities or voting rights
    • Downward crossing of the lowest threshold
  • Notification by: a parent undertaking or a controlling person
  • Persons subject to the notification requirement:
    • James E. Flynn
    • Deerfield Partners, L.P. (with address at 345 Park Ave S., 12th FL, New York, NY 10010 United States)
    • Deerfield Mgmt, L.P. (with address at 345 Park Ave S., 12th FL, New York, NY 10010 United States)
    • J.E. Flynn Capital, LLC (with address at 345 Park Ave S., 12th FL, New York, NY 10010 United States)
    • Deerfield Management Company, L.P. (with address at 345 Park Ave S., 12th FL, New York, NY 10010 United States)
    • Flynn Management LLC (with address at 345 Park Ave S., 12th FL, New York, NY 10010 United States)
  • Date on which the threshold was crossed: November 30, 2023
  • Threshold that is crossed: 3%
  • Denominator: 28,673,985
  • Notified details:
A) Voting rights Previous notification After the transaction
# of voting rights # of voting rights % of voting rights
Holders of voting rights Linked to securities Not linked to the
securities
Linked to securities Not linked to the
securities
James E. Flynn 0 0 0 0.00% 0.00%
Deerfield Partners, L.P. 899,300 856,085 0 2.99% 0.00%
Subtotal 899,300 856,085 2.99%
TOTAL 856,085 0 2.99% 0.00%
  • Chain of controlled undertakings through which the holding is effectively held: Deerfield Partners, L.P. is controlled by (i) Deerfield Mgmt L.P., which is controlled by J.E. Flynn Capital, LLC and (ii) Deerfield Management Company, L.P., which is controlled by Flynn Management LLC. Both Flynn Management LLC and J.E. Flynn Capital, LLC are controlled by James E. Flynn.
  • Additional information: a sale of shares by Deerfield Partners, L.P.

*

* *

Contact:
Nyxoah
David DeMartino, Chief Strategy Officer
david.demartino@nyxoah.com
+1 310 310 1313

Attachment

GlobeNewswire Distribution ID 1000903425

อนาคตของอสังหาริมทรัพย์ระดับหรูกำลังขยายไปยังทั่วโลก! eXp Luxury เปิดตัวในออสเตรเลีย นิวซีแลนด์ แอฟริกาใต้ และสหราชอาณาจักร

เบลลิงแฮม วอชิงตัน, Dec. 09, 2023 (GLOBE NEWSWIRE) — eXp Realty “นายหน้าอสังหาริมทรัพย์ที่เน้นตัวแทนมากที่สุดในโลก™” และบริษัทในเครือหลักของ eXp World Holdings, Inc. (Nasdaq: EXPI) ภูมิใจในการประกาศการขยายตัวอย่างต่อเนื่องของโปรแกรมอสังหาริมทรัพย์ระดับหรู eXp Luxury เข้าสู่ตลาดต่างประเทศที่มีการเปลี่ยนแปลงตลอดเวลาของออสเตรเลีย นิวซีแลนด์ แอฟริกาใต้ และสหราชอาณาจักร

ด้วยจำนวนสมาชิกที่น่าประทับใจถึง 1,100 รายและเพิ่มขึ้นเรื่อย ๆ ทั่วทั้งสหรัฐอเมริกา แคนาดา และเปอร์โตริโกในช่วงสิบห้าเดือนที่ผ่านมา จึงทำให้ eXp Luxury ยังคงดำเนินเส้นทางการเติบโตแบบทวีคูณต่อไป โปรแกรมนี้เปิดตัวในสหรัฐอเมริกาในเดือนตุลาคม 2565 ตามด้วยการเปิดตัวในแคนาดาในเดือนกันยายน 2566 และล่าสุดได้ขยายการเข้าถึงไปยังเปอร์โตริโก ทำให้ขยายขอบเขตของการมีตัวตนเพิ่มมากยิ่งขึ้น

ความสำเร็จที่โดดเด่นและความต้องการต่อ eXp Luxury ที่สูงได้ปูทางสำหรับการเปิดตัวสู่ดินแดนระหว่างประเทศใหม่ ทำให้ตัวแทน eXp Realty Luxury เข้าถึงโอกาสในการลงทุนที่ไม่ธรรมดาอย่างไม่มีใครเทียบได้ ด้วยการเป็นสมาชิกที่ให้ความสามารถในการแสดงแคมเปญรายการที่น่าทึ่งผ่านความร่วมมือพิเศษ ยกระดับความสวยงามของแบรนด์ผ่านศูนย์การออกแบบที่ออกแบบตามความต้องการ และส่งเสริมการเติบโตผ่านกิจกรรมการเรียนรู้ที่แข็งแกร่งและโอกาสในการสร้างเครือข่ายที่มีชีวิตชีวา จึงทำให้ตัวแทนสามารถเจริญเติบโตได้อย่างแท้จริงในด้านอสังหาริมทรัพย์ระดับหรู

“eXp Luxury แสดงให้เห็นถึงความทุ่มเทของเราในการเพิ่มศักยภาพให้กับมืออาชีพด้านอสังหาริมทรัพย์ชั้นยอดด้วยเครื่องมือและทรัพยากรที่ไม่มีใครเทียบได้เพื่อยกระดับการผลิตและเสริมสร้างความแข็งแกร่งให้กับแบรนด์แต่ละราย ในขณะเดียวกันก็ยกระดับการให้บริการลูกค้าอีกด้วย” Michael Valdes ประธานเจ้าหน้าที่ฝ่ายการเติบโตของ eXp Realty กล่าว “การขยายตัวเชิงกลยุทธ์ในต่างประเทศนี้ถือเป็นช่วงเวลาสำคัญ โดยแสดงให้เห็นถึงความมุ่งมั่นอันแน่วแน่ของ eXp Realty ที่จะไม่เพียงปฏิวัติภูมิทัศน์ด้านอสังหาริมทรัพย์ในระดับโลก แต่ยังสร้างมาตรฐานใหม่สำหรับความเป็นเลิศในด้านอสังหาริมทรัพย์ระดับหรูอีกด้วย”

สำหรับข้อมูลเพิ่มเติมเกี่ยวกับโปรแกรม eXp Luxury กรุณาเยี่ยมชม expluxury.com

เกี่ยวกับ eXp World Holdings, Inc.

eXp World Holdings, Inc. (Nasdaq: EXPI) เป็นบริษัทโฮลดิ้งของ eXp Realty®, Virbela® และ SUCCESS® Enterprises

eXp Realty เป็นบริษัทอสังหาริมทรัพย์อิสระที่ใหญ่ที่สุดในโลก โดยมีตัวแทนมากกว่า 89,000 รายในสหรัฐอเมริกา แคนาดา สหราชอาณาจักร ออสเตรเลีย แอฟริกาใต้ อินเดีย เม็กซิโก โปรตุเกส ฝรั่งเศส เปอร์โตริโก บราซิล อิตาลี ฮ่องกง โคลอมเบีย สเปน อิสราเอล ปานามา เยอรมนี สาธารณรัฐโดมินิกัน กรีซ นิวซีแลนด์ ชิลี โปแลนด์ และดูไบ และยังคงขยายต่อไปในระดับนานาชาติ ในฐานะที่ eXp World Holdings เป็นบริษัทที่จดทะเบียนในตลาดหลักทรัพย์ จึงได้มอบโอกาสที่ไม่เหมือนใครให้กับมืออาชีพด้านอสังหาริมทรัพย์ในการได้รับรางวัลในรูปแบบหุ้นของบริษัทสำหรับผู้ที่ทำเป้าหมายด้านการผลิตและการสนับสนุนให้กับการเติบโตของบริษัทโดยรวม นอกจากนี้ eXp World Holdings และธุรกิจต่าง ๆ ในเครือยังได้นำเสนอโซลูชันด้านเทคโนโลยีด้านนายหน้าและอสังหาริมทรัพย์แบบครบวงจร รวมถึงรูปแบบนายหน้าที่อยู่อาศัยและเชิงพาณิชย์ที่เป็นนวัตกรรมใหม่ บริการระดับมืออาชีพ เครื่องมือในการทำงานร่วมกัน และการพัฒนาส่วนบุคคล แพลตฟอร์มนายหน้าบนคลาวด์นั้นขับเคลื่อนโดย Virbela ซึ่งเป็นแพลตฟอร์ม 3 มิติที่สมจริงซึ่งมีความเป็นสังคมโซเชียลและมีการทำงานร่วมกันได้อย่างลึกซึ้ง จึงทำให้ตัวแทนสามารถเชื่อมต่อถึงกันและมีประสิทธิผลในการทำงานมากขึ้น SUCCESS® Enterprises ซึ่งเชื่อมโยงกับนิตยสาร SUCCESS® และอสังหาริมทรัพย์สื่อที่เกี่ยวข้อง ก่อตั้งขึ้นในปี 2440 และเป็นแบรนด์และธุรกิจการพิมพ์ด้านการพัฒนาบุคคลและวิชาชีพชั้นนำ

สำหรับข้อมูลเพิ่มเติม กรุณาเยี่ยมชม https://expworldholdings.com

แถลงการณ์ตามหลักอ่าวที่ปลอดภัย (Safe Harbor)

ข้อความที่มีอยู่ในที่นี้อาจรวมถึงข้อความคาดการณ์ในอนาคตและข้อความคาดการณ์ล่วงหน้าอื่นๆ ที่อิงตามมุมมองและสมมติฐานในปัจจุบันของผู้บริหาร และเกี่ยวข้องกับความเสี่ยงที่ทราบและไม่ทราบ รวมถึงความไม่แน่นอนที่อาจทำให้ผลลัพธ์ ประสิทธิภาพ หรือเหตุการณ์จริงแตกต่างอย่างมากจากที่แสดงหรือกล่าวโดยนัยในแถลงการณ์ดังกล่าว ข้อความคาดการณ์ล่วงหน้าดังกล่าวกล่าว ณ วันที่ในที่นี้เท่านั้น และบริษัทไม่มีภาระผูกพันในการแก้ไขหรือปรับปรุงข้อความเหล่านี้ ข้อความดังกล่าวไม่ได้รับประกันประสิทธิภาพในอนาคต ปัจจัยสำคัญที่อาจทำให้ผลลัพธ์ที่แท้จริงแตกต่างอย่างมากและในทางลบจากที่แสดงในข้อความที่มีลักษณะเป็นการคาดการณ์ในอนาคต ได้แก่ การเปลี่ยนแปลงทางธุรกิจหรือสภาวะตลาดอื่น ๆ ความยากลำบากในการรักษาการเพิ่มขึ้นของค่าใช้จ่ายให้อยู่ในระดับเหมาะสมในขณะที่เพิ่มรายได้ และความเสี่ยงอื่น ๆ ซึ่งมีการให้รายละเอียดเป็นระยะในเอกสารที่ยื่นต่อสำนักงานคณะกรรมการกำกับหลักทรัพย์และตลาดหลักทรัพย์ ซึ่งรวมถึงแต่ไม่จำกัดเพียงรายงานประจำไตรมาสที่ยื่นล่าสุดในแบบฟอร์ม 10-Q และรายงานประจำปีในแบบฟอร์ม 10-K

ติดต่อสื่อมวลชนสัมพันธ์:

eXp World Holdings, Inc.

mediarelations@expworldholdings.com

ติดต่อนักลงทุนสัมพันธ์:

Denise Garcia

investors@expworldholdings.com

สามารถดูรูปภาพประกอบประกาศนี้ได้ที่ https://www.globenewswire.com/NewsRoom/AttachmentNg/b26750df-b0f2-4a7f-b570-8ec482a94384

GlobeNewswire Distribution ID 8992035

Domestic enterprises advised to meet EU’s green, sustainable development requirements: forum


Domestic firms should transform to adapt to the green and sustainable development requirements of the EU to further enter the supply chain in this market, heard a recent trade forum.

After the pandemic and ongoing geopolitical instabilities accelerating the supply chain shift, many major partners in the world, including the EU, are actively diversifying their supply sources and choosing Vietnam as a strategic destination in the Indo-Pacific region, said Ta Hoang Linh, Director General of the Ministry of Industry and Trade’s European-American Market Department, at the Vietnam-EU trade forum held recently in Ho Chi Minh City.

He noted that the EU is currently the third-largest export market and the fifth-largest import market of Vietnam. Meanwhile, Vietnam has surpassed Singapore to become the largest trading partner of the EU in ASEAN and ranks 11th among the biggest commodity suppliers to the bloc.

According to customs statistics, two-way trade was valued at USD 62.24 billion USD last year, up 9.2% year-o
n-year, with Vietnam’s exports to the EU hitting 46.82 billion USD, an annual rise of 16.7%. In the third quarter of 2023, bilateral trade turnover stood at 15.12 billion USD, down 1.5% year-on-year. However, this decline is considered temporary, as the slowdown has significantly eased and the EU’s economy is gradually recovering.

Linh added that the EU-Vietnam Free Trade Agreement (EVFTA) has effectively supported the sides’ goods in accessing each other’s markets, meeting their diversification needs.

President of EuroCham Vietnam Gabor Fluit stressed that Vietnam’s strong commitment to the EU standards in sustainability will be a key driver attracting FDI, particularly from Europe.

Compliance with new market regulations from the bloc, especially the Carbon Border Adjustment Mechanism (CBAM) and the Corporate Sustainability Due Diligence Directive (CSDDD), requires significant investment from Vietnam in modernising infrastructure, advancing green technology, and developing human resources, he noted.

Flui
t underscored Vietnam’s appeal to European investors, citing the country’s robust sustainability standards and initiatives in renewable energy. He mentioned the significant growth in EU investment in Vietnam, particularly in high-tech manufacturing, as evidence of the effectiveness of Vietnam’s free trade agreements.

He cited a survey by EuroCham showing that 31% of its members define Vietnam as one of their three leading destinations globally, while more than a half of them plan to increase investment in Vietnam from late 2023.

Linh urged enterprises to actively renovate their businesses, enhancing their awareness and capacity to quickly adapt to and develop towards a green and sustainability roadmap.

Vinamilk CEO Nguyen Quoc Khanh asserted that despite the high cost, the benefits from green and sustainable transition following market demands will be much higher./.

Source: Vietnam News Agency

Vietnam seeks to step up trade, investment ties with Canada’s Alberta province


Vietnamese Consul General in Vancouver Nguyen Quang Trung has held working sessions with representatives of Alberta province as part of efforts to promote trade and investment collaboration between Vietnam and the Canadian locality.

During working sessions with Lieutenant Governor of Alberta Salma Lakhani and Deputy Premier and Minister of Public Safety and Emergency Services of Alberta Mike Elli, Trung thanked and appreciated the provincial government’s facilitation to the Vietnamese Canadian community to integrate and contribute to Canadian society, while still maintaining close relations with their homeland.

Alberta’s leaders highly valued the friendly relationship between the locality and Vietnam, and pledged to continue strengthening economic, trade and investment relations between the two sides.

Alberta exports many products such as petroleum, machinery and especially agricultural products to, while importing garments, electronics and footwear from Vietnam.

Statistics from the Canadian province sho
ws that during the five years of implementing the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), Alberta averagely exports more than 140 million CAD (103 million USD) worth of goods to and spends nearly 345 million CAD (254 million USD) on imports from Vietnam per year.

At seminars to promote trade and investment cooperation with local businesses, Trung briefed them on the investment environment, and business opportunities in Vietnam in the context that both countries are members of the CPTPP.

Free trade agreements like CPTPP are opening up many opportunities for businesses in both nations, he said, adding that this is the “golden” time for small and medium enterprises of the two sides to reach out to the world.

According to Alberta’s investment promotion agency, with the effective exploitation of CPTPP, Vietnamese and Canadian businesses will get insights into each other’s product structure, thus further intensifying trade and investment ties.

Vietnam is considered an impo
rtant trading partner of Canada and Alberta in particular. Vietnam has been Canada’s largest partner in ASEAN since 2015.

The Alberta Intergovernmental Relations is coordinating with Vietnam to develop programmes to help local businesses adjust products and services to suit the Vietnamese market. This agency has offices in more than 160 cities, including Hanoi and Ho Chi Minh City.

Previously, representatives of the Vietnamese Consulate General visited University of Alberta, where more than 200 Vietnamese students are studying. The Canadian university is planning to cooperate with Hanoi Medical University./.

Source: Vietnam News Agency

Ministries, localities urged to roll out measures to increase foreign investment


Deputy Prime Minister Tran Luu Quang has asked ministries, sectors and localities to promptly implement solutions to strengthen foreign investment attraction, according to a document released by the Government Office.

According to the document, the solutions have been clarified in Decision 667/QD-TTg issued by the Government on June 2, 2022 approving the foreign investment cooperation in the 2021-2030 period, and Decision 308/QD-TTg approving an action plan to realise the strategy.

Deputy PM Quang ordered the Ministry of Planning and Investment (MPI) to coordinate with localities to strengthen State management over investment, and strengthen post-investment support to minimise and prevent conflicts with foreign investors.

The MPI was requested to assist localities in policy consultations and preparations to receive foreign investment inflows on the win-win spirit, while popularising Vietnam’s readiness to welcome new-generation investment as well as the country’s advantages and potential.

Alongside, it i
s necessary to complete non-tariff policies for high technology projects when the global minimum tax is applied, asked the Deputy PM.

He urged the Ministry of Finance to work with other ministries and sectors to assess the impacts of the global minimum tax regulations and give advice to the Government and National Assembly on the issuance of effective policies with a suitable roadmap to minimise negative impacts and efficiently adapt to the regulations, while adjusting Vietnam’s investment incentive framework to suit the new context and improve competitiveness in foreign investment attraction.

The Deputy PM assigned the Ministry of Industry and Trade to speed up the issuance and implentation of policies to ensure that the capacity of the domestic supporting industries meet the development requirements in the coming time, so that Vietnamese firms can engage in the supply chain of FDI businesses. The ministry should promote the implementation of power projects following the 8th National Power Development Plan
to deal with the power shortage in some localities, he asked.

The Deputy PM also assigned specific tasks to particular ministries and sectors to strengthen investment attraction.

Particularly, he asked the People’s Committees of centrally-run cities and provinces to strengthen their capacity and reform the administrative procedures to better serve the people and enterprises.

They should provide best conditions to foreign investors in terms of administrative procedures, land stocks, infrastructure, labourers, he added./.

Source: Vietnam News Agency

NA Chairman Vuong Dinh Hue meets with Thai King Maha Vajiralongkorn


National Assembly (NA) Chairman Vuong Dinh Hue had a meeting with Thai King Maha Vajiralongkorn and Queen Suthida in Bangkok on December 8 as part of his ongoing visit to Thailand.

The top legislator conveyed Vietnamese senior leaders’ regards to the Thai King and Queen, and briefed the host on the outcomes of his talks and meetings with President of the National Assembly and the Speaker of the House of Representatives and President of the Senate of Thailand, and the Thai Prime Minister.

Hue expressed his belief that under the reign of the King, the Thai parliament, government and people will continue to reap greater achievements in national construction and development, enhancing the country’s role in the region and the world.

He affirmed that Vietnam always attaches great importance to fostering the enhanced strategic partnership with Thailand, and hoped that the two countries will soon elevate their ties to a comprehensive strategic partnership in the coming time.

The King spoke highly of NA Chairman
Hue’s visit, and highlighted the close and long-standing relations between Thailand and Vietnam and the need to continue strengthening bilateral ties.

King Maha Vajiralongkorn expressed his pleasure at the sound development of the Vietnam-Thailand relations and the signing of a memorandum of understanding on cooperation between Thailand’s House of Representatives and Vietnam’s National Assembly.

He recalled his good impression of Vietnam during his visits in 1992 and 1997 as the Crown Prince of Thailand.

The King agreed with NA Chairman Hue’s proposal that the King, the Royal Family and Government of Thailand continue creating favourable conditions for the Vietnamese community in Thailand to settle down, and supporting the development of Vietnamese culture and language in the country, including President Ho Chi Minh relic sites, Vietnamese pagodas, Vietnam Town and Vietnamese study centres.

NA Chairman Hue highly valued the previous visits to Vietnam by King Maha Vajiralongkorn as the Crown Prince, as wel
l as trips by members of the Thai Royal Family, which contributed to fostering the friendship and all-round cooperation between the two countries.

The Vietnamese NA leader said he will tour Udon Thani province and thanked Thailand for supporting the formation of the first Vietnam Town in Thailand, which is also the first in the world.

On the occasion, NA Chairman Hue conveyed the invitation from Party General Secretary Nguyen Phu Trong and President Vo Van Thuong to invite the Thai King to visit Vietnam at an appropriate time./.

Source: Vietnam News Agency