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Foreign investors were net buyers and that gave the market sentiment big support, BSC said. … [Read more...] about VN stocks remain upbeat, rally extends for 5th day

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Mr. Vu Duc Giang, Chairman of the Vietnam Textile and Apparel Association (Vitas), said that in the past three years, the association has urgently carried out green and environmentally friendly production models for member enterprises. Accordingly, enterprises must reduce generated waste, change habits, and upgrade technologies from using fossil fuels to bioenergy and renewable energy. Vitas has collaborated with the World Wide Fund for Nature (WWF) to implement the project "Greening Vietnam's textile industry through improving water management and sustainable energy". This project promotes the improvement of water quality and the use of sustainable energy. At the same time, more support is given to industrial zones in accessing the green credit package to invest in industrial zones exclusive to the garment and textile industry. Earlier, the association of the wood industry also signed a commitment to promote the development of the wood industry towards sustainable development, … [Read more...] about Enterprises need to go green to maintain export

In its article posted on October 1, Asia Times said that Vietnam should re-emerge quickly in the post-pandemic period, making it one of the best performers in the global economy.COVID-19 outbreak, with impressive growth. Therefore, its economy is expected to witness positive signals soon after the pandemic is brought under control, which is highly unlikely for those countries that are seriously plagued by COVID-19,” according to the article.Vietnam’s GDP growth could reach 2.8 percent in 2020 and will recover to 6.7 percent next year, while S&P Global Ratings expects that Vietnam will be the second-best performer among Asian economies this year. … [Read more...] about Vietnam – a rising star in the world post COVID-19: Asia Times

Joerg Rueger, the German Embassy’s First Secretary, affirmed, “The BEM project will play a crucial role in supporting the Vietnamese Government in increasing the share of bioenergy within the country’s overall power mix. While wind and especially solar power have already shown their growth potential in Vietnam, the potential of bioenergy remains untapped. Given its specific relevance in the context of climate protection using already existing biomass from for example the agricultural sector such as bagasse from sugar production, it represents an important pillar in a sustainable power transition. A growing number of bioenergy power plants will support Vietnam to achieve its Nationally Determined Contribution (NDC).” … [Read more...] about BUSINESS NEWS HEADLINES JUNE 11