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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

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

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

President Vo Van Thuong (R) hosts US Ambassador to Vietnam Marc E. Knapper in Hanoi on June 5 (Photo: VNA) Hanoi (VNA) – President Vo Van Thuong hosted US Ambassador to Vietnam Marc E. Knapper in Hanoi on June 5, during which the State leader affirmed the importance that Vietnam attaches to cooperation between the two countries, describing the US as one of the leading partners of Vietnam. He hailed the US diplomat’s efforts to collaborate with Vietnamese authorities and visit many Vietnamese localities to seek stronger partnership between the two countries. Knapper expressed his delight at the progress of bilateral ties after 28 years of normalising their relations and 10 year of setting up their comprehensive partnership. He said that US President Joe Biden was pleased with the outcomes of his telephone talks with Vietnamese Party General Secretary Nguyen Phu Trong in March. The ambassador held that amid many global challenges, the strengthening of cooperation between … [Read more...] about Vietnam attaches great importance to ties with US: President

Practical experience has shown that the relationship between the press and companies is one of accompanying each other and co-developing. At the "Media and Enterprises - Companions for Sustainability" forum hosted by The Economic and Urban Newspaper today [June 5], experts shared their views on the relationship between enterprises and the press. Deputy Director of the Press Department of the Ministry of Information and Communications Dang Khac Loi: Press contributes to a favorable business environment Deputy Director of the Press Department under the Ministry of Information and Communications Dang Khac Loi. Photo: Thanh Tra Newspaper In the process of national development, entrepreneurs and enterprises are an important part of the great bloc of national unity and play a vital role in the country's construction and economic progress. To realize the socio-economic development goals, it is imperative to continue fostering a favorable business … [Read more...] about Strong ties between businesses and press in a difficult time: Experts

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

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

The vision is for Hanoi to become a vibrant, green, and serene metropolis with the Red River landscape axis. "For a long time, people often say that Hanoi has turned its back on the Red River," Nguyen Van Loc, a 60-year-old resident of Phuc Tan Ward, Hoan Kiem District, told The Hanoi Times as he gazed out at the vast expanse of lush green land ahead, with thriving banana plantations growing on the fertile alluvial plains known as the Red River Alluvial Island (or Bai giua song Hong in Vietnamese). The Middle Island of the Red River. Photo: Chien Cong/The Hanoi Times Spanning around 18 hectares and stretching 3.8 kilometers in length, the area is under the jurisdiction of Chuong Duong and Phuc Tan wards, Hoan Kiem District. For many years, a significant portion of the alluvial island has been tilled by over 30 households for vegetable production. However, there is still a portion of the land that remains vacant and covered with overgrown reeds. "It is … [Read more...] about Red River – a centerpiece in Hanoi’s green development

A light performance in the sky depicts a scuba diver swimming by a coral reef during a light show rehearsal for the opening ceremony of the 2023 Nha Trang - Khanh Hoa Sea Festival in Nha Trang, the capital of Khanh Hoa Province in south-central Vietnam. The light show, conducted by more than 1,600 drones, was a highlight of the ceremony. Opening on June 3 with motorized paragliding, LED kites, hot-air balloons, drone performances, and firework displays, the 2023 Nha Trang - Khanh Hoa Sea Festival attracted tens of thousands of local and foreign visitors. It features more than 70 cultural and sports activities and is scheduled to wrap up on June 6. Like us on Facebook or follow us on Twitter to get the latest news about Vietnam! … [Read more...] about Photo of the Day: Diving in the sky

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