Merger with and into Iveco Group N.V. of New Business Netherlands Holding B.V. – conclusion

Turin, 7th October 2022. Iveco Group N.V. (IVG) announces the conclusion of the statutory merger procedure (pursuant to Sections 2:309 et seq. of the Dutch Civil Code) with and into IVG of its fully owned subsidiary New Business Netherlands Holding B.V., a private company with limited liability (besloten vennootschap met beperkte aansprakelijkheid), with official seat in Andelst, the Netherlands, and office address at Wanraaij 9, 6673DM Andelst, the Netherlands, previously registered with the trade register of the Netherlands Chamber of Commerce under number 76507203. Effective as from October 1, 2022, New Business Netherlands Holding B.V. ceased to exist as a result of the Dutch law statutory merger. The merger effective date for accounting purposes has been set at January 1, 2022.

The merger resolution was taken by the Board of Directors of IVG in accordance with applicable law and is posted at the corporate website www.ivecogroup.com, where a copy of the merger deed has been posted too.

Iveco Group N.V. (MI: IVG) is the home of unique people and brands that power your business and mission to advance a more sustainable society. The eight brands are each a major force in its specific business: IVECO, a pioneering commercial vehicles brand that designs, manufactures, and markets heavy, medium, and light-duty trucks; FPT Industrial, a global leader in a vast array of advanced powertrain technologies in the agriculture, construction, marine, power generation, and commercial vehicles sectors; IVECO BUS and HEULIEZ, mass-transit and premium bus and coach brands; IDV, for highly-specialised defence and civil protection equipment; ASTRA, a leader in large-scale heavy-duty quarry and construction vehicles; MAGIRUS, the industry-reputed firefighting vehicle and equipment manufacturer; and IVECO CAPITAL, the financing arm which supports them all. Iveco Group employs approximately 34,000 people around the world and has 28 manufacturing plants and 29 R&D centres. Further information is available on the Company’s website www.ivecogroup.com

Media Contacts:
Francesco Polsinelli, Tel: +39 335 1776091
Fabio Lepore, Tel: +39 335 7469007
E-mail: mediarelations@ivecogroup.com

Investor Relations:
Federico Donati, Tel: +39 011 0073539
E-mail: investor.relations@ivecogroup.com

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LambdaTest Partners with Sumo Logic to Enable Seamless Test Analytics to Customers

This collaboration of industry leaders enables testers/developers to use test data efficiently and get 360° pipeline visibility and real-time insights to ensure faster releases

San Francisco, Oct. 07, 2022 (GLOBE NEWSWIRE) — LambdaTest, the leading continuous quality testing cloud platform and Sumo Logic, the leading SaaS analytics platform to enable reliable and secure cloud-native applications, has announced a new joint partnership to help organizations leverage test analytics to scale their engineering efficiency. This partnership will enable customers to release faster with 360° pipeline visibility and real-time insights of engineering practice within their development lifecycle. By analyzing security and operational issues with Sumo Logic, customers can make smarter decisions and free up resources for other critical functions.

“We’re excited to announce the partnership with Sumo Logic to help customers scale faster. Continuous testing has become crucial for engineering teams as organizations are focusing on quality and faster releases than ever before. The LambdaTest and Sumo Logic partnership solves key challenges that testers/developers face on a daily basis, including a lack of comprehensive insights into test analytics. With Sumo Logic’s Continuous Intelligence Platform™, customers can leverage the test data from LambdaTest to make informed decisions and increase the efficiency of their engineering teams,” said Mayank Bhola, Co-Founder and Head of Product, LambdaTest.

The LambdaTest and Sumo Logic partnership enables enterprise and SMB customers to view LambdaTest results in a custom Sumo Logic dashboard and gain deeper insight into the automation scripts to ship quality products at light speed. Organizations, today, have no option but to develop applications at record speeds and this collaboration will enable just that by helping them measure and track key metrics like test passes and failures to understand testing behavior. Organizations can also track test trends and error trends, measure metrics over a period of time, and get detailed insights using usage analytics into the engineering and development process.

“By applying Sumo Logic insights to LambdaTest, enterprises are able to set the benchmark for pipeline visibility into their engineering practices. Our ability to process massive amounts of data in a design tuned for rapid analysis creates a strong customer competitive advantage. Now, resource-constrained companies can scale development and drive innovation with a holistic view,” said John Coyle, Senior Vice President, Corporate Development & Strategic Business Operations, Sumo Logic.

To learn more about the partnership, visit:

About LambdaTest

LambdaTest is a continuous quality testing cloud platform that helps developers and
testers ship code faster. Over 7000+ customers, and 1+ million users across 130+ countries rely on LambdaTest for their testing needs.

LambdaTest platform provides secure, scalable, and insightful test orchestration for
customers at different points in their DevOps (CI/CD) lifecycle:-

Browser & App Testing Cloud allows users to run both manual and
automated tests of web and mobile apps across 3000+ different browsers,
real devices, and operating system environments.

HyperExecute helps customers run and orchestrate test grids in the cloud
for any platform and programming language at blazing-fast speeds to cut
down on quality test time, helping developers build software faster.

For more information, please visit, https://lambdatest.com

For further information please contact the LambdaTest press office: Bilal Mahmood on press@lambdatest.com or +44 (0) 20 3640 7759 and +44 (0) 771 400 7257.

New UNDP Resident Representative pledges support to Vietnam’s development

Ramla Al Khalidi, newly-appointed UNDP Resident Representative in Vietnam, has pledged to further support Vietnam’s development, covering climate change response and the settlement of bomb and mine consequences.

 

At a meeting with Ambassador Dang Hoang Giang, Permanent Representative of Vietnam to the UN, in New York on October 6, Khalidi highlighted Prime Minister Pham Minh Chinh’s remarks at the informal Leaders’ Roundtable on Climate Change in New York, co-chaired by UN Secretary-General Antonio Guterres and Egyptian President on September 22.

 

Through the speech, the PM sent out Vietnam’s strong message of climate change to international partners, she continued.

 

The official expressed her hope that Vietnam will consider adjusting Decree 114/2021/ND-CP on the management and use of official development assistance (ODA) and foreign preferential loans in order to meet requirements of international organisations and development partners during the implementation of development support projects in Vietnam. Giang, for his part, said he hopes that the UNDP will continue to support Vietnam in fulfilling sustainable development goals, share its experience, and provide consultancy for the country in policy making.

 

He also called for UNDP’s assistance to Vietnam in the country’s efforts to achieve targets set at the 26th UN Climate Change Conference of the Parties (COP 26) that took place in the UK last year, and in the negotiations to set up a partnership in energy transition with G7 countries.

 

The ambassador suggested the two sides closely coordinate in celebrating the 45th anniversary of the Vietnam-UN relationship in late October./.

 

Source: Vietnam News Agency

 

Reference exchange rate up 5 VND on October 7

The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 23,422 VND/USD on October 7, up 5 VND from the previous day.

 

With the current trading band of +/-3 percent, the ceiling rate applicable to commercial banks during the day is 24,115 VND/USD and the floor rate 22,719 VND/USD.

 

The opening-hour rates at many commercial banks stayed stable.

 

At 8:53 am, BIDV listed the buying rate at 23,735 VND/USD and the selling rate at 24,015 VND/USD, both unchanged from the end of October 6.

 

Vietcombank also kept both rates unchanged from the end of the previous day at 23,705 VND/USD (buying) and 24,015 VND/USD (selling)./.

 

Source: Vietnam News Agency

 

Vietnam keen on boosting partnership with Japanese localities: official

Permanent Deputy Prime Minister Pham Binh Minh has affirmed that Vietnam is keen on promoting partnership among localities of Vietnam and Japan, considering it as a substantial and effective cooperation channel for both sides to beef up bilateral ties in various fields.

 

In a reception for Vice Governor of Japan’s Wakayama Prefecture Shimo Hiroshi in Hanoi on October 6, the official highlighted that the Vietnam-Japan extensive strategic partnership is in prime time with high political trust despite impacts of the COVID-19 pandemic, and underlined that Japan has been a leading important economic partner of Vietnam.

 

Bilateral economic, trade, investment, labour and education-training has been fruitful, he noted.

 

The Deputy PM said that partnership between localities of the two countries has been deepened.

 

He said he hopes Wakayama will continue to effectively implement signed agreements with Vietnam, establish partnership with more Vietnamese localities, encourage local businesses to invest more in Vietnam, strengthen cooperation in personnel training, and expand the reception of Vietnamese practitioners and labourers to work in the prefecture.

 

For his part, the Japanese official said the prefecture is implementing an agricultural and fisheries cooperation agreement with the Vietnamese Ministry of Agriculture and Rural Development, and a deal in in the field of industry with the Ministry of Industry and Trade.

 

The locality has also strengthened people-to-people exchange with Vietnam, including a “lotus” exchange programme between Kinokawa city and Quang Nam province, which was initiated by the Chairman of the Japan – Vietnam Parliamentary Friendship Alliance Nikai Toshihiro, aiming to make lotus a symbol of spiritual connections between Vietnamese and Japanese people, he said.

 

He added that Wakayama is hastening the formation of a Japan-Vietnam Friendship Association in the locality and he will be the first leader of the association./.

 

Source: Vietnam News Agency

 

More data needed on people with disabilities in Vietnam

There is a serious shortage of data on specific groups of Persons with Disabilities (PwDs) in Vietnam, especially those who are most marginalised, including persons with hearing and learning difficulties.

 

As Vietnam is set to conduct its second national survey on people with disabilities, it is important to collect data on the full spectrum of people with disabilities in Vietnam, so as to develop appropriate actions and policies.

 

Representatives of the United Nations Development Programme (UNDP) Vietnam, Vietnam Federation on Disability and the General Statistics Office (GSO) held a consultation workshop regarding the issue on October 6.

 

Speaking at the workshop, Patrick Haverman, Deputy Resident Representative of UNDP in Vietnam, said that according to the latest UN analysis, out of the 158 sustainable development indicators of Vietnam (VSDGs), only eight require data regarding those with disabilities.

 

Among these eight indicators, only two (the number of beneficiaries of monthly social allowance in the community, and number of people living and being cared for in social protection facilities or social housing) are collected by both the General Statistics Office and the National Council on Disability (NCD) through statistical surveys and reporting.

 

Data of half of the eight indicators to assess the level of disability inclusion in different areas of VSDG are not collected by NCD, such as the proportion of the population satisfied with their most recent experience of public services.

 

”It is difficult to find disability data; and when found, it is unclear which source should be cited due to the inconsistency of data reported by different Government agencies,” he said.

 

“It is important to make PwDs more visible in our national database and to have more indicators disaggregated by disabilities in VSDGs, which helps us better understand PWDs’ vulnerability and needs,” he said.

 

“UNDP is supporting the development of a set of output indicators for the National Survey on Persons with Disabilities in 2023 to be comprehensive and align with international standards,” Haverman said.

 

Dang Van Thanh, vice president of Vietnam Federation on Disability, said there were about 6.2 million people with disabilities in Vietnam including more than 700,000 children.

 

He said that the number of people with disabilities in Vietnam released by different agencies was different from each other.

 

This crucial information was a foundation to design and develop activities and policies, for example, social welfare, education or healthcare, he said.

 

“The more exact the input information is, the better the outputs are,” he said.

 

Deputy head of the GSO Le Trung Hieu said that Vietnam was preparing for the second national survey on people with disabilities next year.

 

The first National Survey on PwDs was done in 2016, using an internationally standardised toolkit for measuring disability. That survey was part of the National Statistical Survey Programme.

 

“Through that survey, for the first time, we had an overview of the disability rate in the general population nationwide, types and degrees of disability, as well as PWDs’ living conditions and the level of PWDs’ integration in a number of areas such as healthcare, social protection, education, employment, and a comparison of disability rates between socio-economic regions,” said Hieu.

 

Until now, there have been many reports by State agencies, organisations and for persons with disabilities, and disability experts still using data published in this survey.

 

After six years, the 2016 National Survey on Persons with Disabilities (VDS 2016) no longer accurately reflects the current situation of PWDs in Vietnam, Hieu said.

 

“The data needs to be updated and supplemented to better support the monitoring of disability-inclusive socio-economic development programmes and policies, and to better meet the law and policy-making requirements in line with international commitments, particularly the upcoming amendment of the Law on Persons with Disabilities, the monitoring of the implementation of disability-mainstreaming laws, policies, and the International Convention on the Rights of Persons with Disabilities (CRPD),” he said.

 

The GSO has proposed a set of 53 indicators to be disaggregated by disabilities, covering ten Sustainable Development Goals. The indicators can be used not only for the survey next year, but also serve the disability data disaggregation in other national statistical surveys, contributing evidence to the development of disability-inclusive socio-economic policies and programmes.

 

Nguyen Dinh Trung, a GSO official, said that in Vietnam, according to the national population census 2009, people with disabilities made up 7.98% of the country’s population aged from five.

 

According to VDS 2016, people with disabilities made up 7.06% of the country’s population aged from two years old. It is estimated that now, there are about seven million people with disabilities in Vietnam.

 

“Data about people with disabilities in Vietnam still fails to meet increasing demands of data users, especially in policy making, monitoring and assessing the implementation of relevant laws as well as the implementations of international commitments that Vietnam has made,” Trung said,

 

He said that GSO was developing plans to conduct the second national survey on people with disabilities in September and October next year, collecting responses of 75,000 households nationwide.

 

In addition, questionairs would also be offered to social sponsor centres which take care and offer services for people with disabilities. The survey will also collect information from commune/ward people’s committees, ministries, agencies, schools and grassroot healthcare centres.

 

Vu Thi Kim Hoa, deputy director general of Child Affair Department under the Ministry of Labour, Invalid and Social Affairs, suggested that it was necessary to collect information about children with disabilities, which would help to better ensure child rights and address child-related issues./.

 

Source: Vietnam News Agency

Vietnam ranks 48th in 2022 Global Innovation Index

Vietnam is placed 48th among 132 economies in the Global Innovation Index 2022.

 

The country also ranks 2nd out of 36 economies in the lower middle-income group, with a performance above expectation for the level of development.

 

Vietnam continues to score above the lower middle-income group average in all innovation pillars, and even achieves the same result when compared to the average of the upper-middle-income group, apart from human capital and research.

 

It ranks first worldwide in high-tech imports.

 

Region-wise, Vietnam is placed 10th among the 17 economies in Southeast Asia, East Asia, and Oceania.

 

It is also included in the middle-income economies with the fastest innovation catch-up to date.

 

Vietnam is among the record-holders for outperforming in innovation for the 12th year in a row, alongside India, Kenya, and the Republic of Moldova.

 

Specifically, the Southeast Asian country performed best in creative outputs and weakest in human capital and research.

 

However, a slight fallback is witnessed, which emphasised the importance of sustaining innovation efforts over time.

 

Previously, Vietnam ranked 44th in 2021 and 42nd in 2020.

 

This year, the first place continues to belong to Switzerland, followed by the US in second and Sweden in third.

 

Published by the World Intellectual Property Organisation (WIPO), a specialised agency under the United Nations, the GII tracks the current state of innovation globally and ranks the innovative performance of 132 countries.

 

The 2022 focus is on the future of innovation-driven growth, analysing global innovation trends against the background of an ongoing pandemic, a slowing of productivity growth and other evolving challenges.

 

Two innovation waves in particular are identified as having the greatest potential to improve productivity and change lives for the better – the Digital Age and Deep Science.

 

Responses from WIPO member states last year revealed that more than 75 countries use the GII either to improve their innovation ecosystem, strengthen innovation metrics, or as a specific reference in economic policymaking./.

 

Source: Vietnam News Agency

 

Ample room remains for Vietnam-Germany cooperation: diplomat

 

Potential for cooperation between Vietnam and Germany remains huge with new opportunities, as Germany is currently an economic locomotive of the European Union (EU), and also Vietnam’s largest trading partner in the region, according to Ambassador Vu Quang Minh.

 

Since the two countries set up their strategic partnership in 2011, two-way trade doubled to 11.2 billion USD in 2021. The figure hit 6.2 billion USD in the first half of this year, up 15% year-on-year.

 

As of May 31, Germany had 426 valid investment projects worth 2.31 billion USD in Vietnam, while the Southeast Asian nation ran 36 projects totaling 283.3 million USD in the European country.

 

In the context the two countries and the whole world are quickly recovering post COVID-19, bilateral trade and investment are forecast to grow further in the coming time, stated Minh.

 

In addition, Vietnam is seen as a reliable partner and a leading attractive market of German businesses and investors, he said, adding that many delegations of German firms are scheduled to make fact-finding tours to the Vietnamese market from now to the end of this year.

 

Vietnam also boasts advantages to cooperate with German energy companies to develop clean and renewable energies such as wind power, solar power, and hydrogen production. Especially, Germany recently backed the Group of Seven (G7)’s selection of Vietnam as a global partner in just energy transition.

 

The diplomat affirmed that this is a ‘golden opportunity’ for the two countries to promote bilateral cooperation and bring their strategic partnership to a new height, not only in politics and security, but also in economics, trade, science and technology, and education and training, and labour cooperation./.

 

Source: Vietnam News Agency