A view of Nam Cau Kien Eco-Industrial Park in Hai Phong. — VNA/VNS Photo Tran Viet The development of eco-industrial parks is considered an effective solution to contribute to completing the net zero emission target by 2050 in Viet Nam. However, there are still many problems with the mechanism. In a report on the development of industrial parks and economic zones conducted by the Ministry of Planning and Investment, by 2030, 40-50 per cent of localities will have plans to convert existing industrial parks to eco-industrial parks, and 8-10 per cent of localities have orientations to build new ecological industrial parks. This will contribute to the concretisation of the net zero commitment by 2050. However, many experts and businesses believe that it is necessary to have the determination of the businesses to achieve this goal, along with preferential policies and mechanisms. Now, Viet Nam has more than 400 industrial parks, but few of those industrial parks have strategies to … [Read more...] about Eco-industrial park development targets net zero emissions
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PM urges greater efforts to accelerate administrative reforms
The most effective competitive advantage for Vietnam's economy is creating a favorable business investment environment free of legal barriers. Prime Minister Pham Minh Chinh has signed a decree to urge ministries and provinces/cities to boost administrative reforms and improve the investment environment to support local enterprises. Electronics production at Katolec Vietnam in Quang Minh Industrial Park, Hanoi. Photo: Pham Hung/The Hanoi Times "A conducive investment environment is a fundamental platform helping businesses operate smoothly and drive growth. This, in turn, promotes job creation and contributes to overall socio-economic development," said the decree. Vietnam has been trying to cut administrative regulations and compliance costs as part of its national digital transformation effort. As of May 2023, the country's total number of administrative procedures was 6,422, 376 fewer than the same period in 2020. This is expected to improve the … [Read more...] about PM urges greater efforts to accelerate administrative reforms
Core business key as companies pull out of real estate
In early April, the Board of Directors at Nam Viet JSC, a seafood producer in the southern region, gave the nod to the decision on dissolving Nam Viet Real Estate Co., Ltd. This company, based in Long Xuyen city in the Mekong delta province of An Giang, was founded in March 2022 to operate in real estate. Real estate might not always prove a fertile venture At the inception, the company had $3.5 million in chartered capital, which was scaled down to around $391,300 in mid-June 2022 before terminating operation in the recent past. At the company’s 2022 general annual shareholders meeting in June, CEO Doan Toi told shareholders that the company owned land, and that they would unveil two real estate projects later in the year, and another two in 2023. Last year, Nam Viet set an ambitious pre-tax profit target of VND1 trillion ($43.4 million) compared to a mere $6.5 million pre-tax profit posted in 2021, and committed to maintaining its profit in the range of a … [Read more...] about Core business key as companies pull out of real estate
Khanh Hoa sea festival: Over 6,000 join Ao dai parade
At the Ao dai parade (Photo: VNA) Khanh Hoa (VNA) – More than 6,000 women wearing Ao dai (the Vietnamese traditional long dress) took to street in a parade at the April 2 Square in Nha Trang beach city in the south central province of Khanh Hoa to honour the costume as a heritage of the nation as part of the 2023 Nha Trang-Khanh Hoa Sea Festival. Speaking at the June 4 parade, Dinh Van Thieu, Vice Chairman of the provincial People's Committee said the special cultural event contributes to preserving and promoting the beauty of Ao dai, affirming its value as part of Vietnam's cultural heritage. The Nha Trang-Khanh Hoa Sea Festival opened on June 3 evening with a live-broadcast ceremony which featured an artistic light show of 1,653 drones. At an artistic light show of 1,653 drones as part of the opening ceremony (Photo: VNA) Lasting until June 6, the 10th edition of the festival is set to treat visitors to more than 70 events taking place in Nha Trang and other … [Read more...] about Khanh Hoa sea festival: Over 6,000 join Ao dai parade
Thua Thien – Hue grants investment licences to nine projects
Thua Thien - Hue grants investment licences to nine projects in the first five months of 2023. (Photo: VNA) Hanoi (VNS/VNA) - Since the beginning of the year, nine new projects have been granted investment licences by central Thua Thien - Hue province with a total investment of more than 2 trillion VND (85 million USD), according to a report by the provincial Department of Planning and Investment. Of the total investment, five are FDI projects with registered capital of 28.5 million USD. The growth rate of the province’s GRDP in the first quarter is estimated at 6.61%, higher than the national average of 3.32%, and is expected to increase from 7.5% to 8.5% in the second quarter, a representative of the department said at the recent regular meeting. Import and export turnover in May rose month-on-month but decreased over last year. Many industrial production sectors, such as textiles, garments, cement, wood chips, and power generation, have slowed down. Especially, … [Read more...] about Thua Thien – Hue grants investment licences to nine projects
Role models in patriotic emulation honoured
President of the Vietnam Fatherland Front Central Committee Do Van Chien (third from left) and VGCL President Nguyen Dinh Khang (centre) present certificates honouring the outstanding collectives at the event on June 4. (Photo: VNA) Hanoi (VNA) – The Vietnam General Confederation of Labour (VGCL) held a ceremony in Hanoi on June 4 to honour the role models in patriotic emulation movements, an activity in celebration of 75 years since then President Ho Chi Minh issued an appeal for patriotic emulation (June 11, 1948). The event, titled “Glory to Vietnam”, was the 18th held so far. It also celebrated all-level trade union congresses and the coming 13th Vietnam Trade Union Congress . VGCL President Nguyen Dinh Khang said the programme, first held on the International Labour Day (May 1) in 2004, aims to honour the collectives and individuals with remarkable achievements in patriotic emulation movements or national construction and safeguarding. In the previous 17 editions, … [Read more...] about Role models in patriotic emulation honoured
Bac Giang focuses on developing preventive medicine system
The Biochemistry and Hematology Laboratory at Song Thuong General Hospital is equipped with modern facility (Photo: VNA) Bac Giang (VNA) – Positive results have been recorded in preventive medicine work in the northern province of Bac Giang after two years of implementing Directive No 05-CT/TU dated May 5, 2021 of the Standing Board of the Provincial Party Committee on improving the capacity of the work to meet the requirements of the new situation. The outcome is attributed to a sharp increase in investment in preventive medicine . non-communicable diseases receiving treatment have been on the rise. health stations . Bac Giang continues to pay attention to improving the capacity of preventive medicine work in the locality. It will focus on developing a preventive health system that is capable of forecasting and controlling infectious, non-communicable and occupational diseases as well as food-borne maladies. The number of residents that have been … [Read more...] about Bac Giang focuses on developing preventive medicine system
Legal synchronisation can unlock agro-tourism potential
At a conference on solutions to develop and promote investment in real estate for agricultural tourism in Vietnam on May 25 in Hanoi, an action programme was discussed to create motivation for agro-tourism and rural development. Legal synchronisation can unlock agro-tourism potential Organised by the Vietnam National Administration of Tourism and the Vietnam National Real Estate Association (VNREA), it was the first time that a large-scale event discussed such issues. Nguyen Van Khoi, chairman of VNREA, said that the development of agricultural tourism is gradually becoming a trend in rural areas, especially in agricultural economy countries like Vietnam. It not only benefits the industry but also contributes to increasing the value of the land, raising opportunities for economic development, and improving the lives of local people. “In order to increase the value of the land through the development of agricultural and rural tourism, a sustainable development … [Read more...] about Legal synchronisation can unlock agro-tourism potential
Australian PM’s Vietnam visit a success: researcher
Party General Secretary Nguyen Phu Trong (R) receives Australian Prime Minister Anthony Albanese . (Photo: VNA) Sydney (VNA) – Dr. Nguyen Hong Hai , a researcher at the Centre for Policy Futures under the University of Queensland in Australia, has noted that the freshly-concluded visit to Vietnam by Australian Prime Minister Anthony Albanese was a success, as reflected through the agreements reached by the two sides on both bilateral and multilateral issues. Albanese paid an official visit to Vietnam from June 3-4 at the invitation of his Vietnamese counterpart Pham Minh Chinh. According to Hai, the two sides shared the view on positive developments of the bilateral diplomatic ties over the past 50 years, and the bilateral strategic partnership in the three pillars of politics, national security and defence; economy, trade and investment; and education and training. They said ample room remains for cooperation in economy, trade and investment. Therefore, … [Read more...] about Australian PM’s Vietnam visit a success: researcher
Norway strengthens support to Vietnam’s sustainable marine aquaculture
Norway has helped Vietnam develop the first Fisheries Law, supported surveys of aquatic resources, and capacity-building projects in the fisheries sector for nearly 40 years. Norwegian partners have intensified their support of Vietnam’s sustainable marine aquaculture through efforts that share expertise from a world-leading producer and exporter of seafood. The seminar on June 5 in the central coastal province of Khanh Hoa is the latest move in the process in which the ocean nation has supported Vietnam over the past four decades . Indeed, the event aims to create a platform for participants from the public, private sectors, and academia to discuss ways for Vietnam to develop marine aquaculture in a sustainable manner and the role of relevant stakeholders in that process. The seminar was organized by the Norwegian Embassy in Hanoi, Innovation Norway, Hanoi, in coordination with the Department of Fisheries (DFish) of the Vietnamese Ministry of Agriculture and Rural … [Read more...] about Norway strengthens support to Vietnam’s sustainable marine aquaculture