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Denis Brunetti, president of Ericsson in Vietnam, Myanmar, Cambodia and Laos Vietnam is piloting 5G with the support of Ericsson. Is the country still slow in 5G rollout, or keeping up with regional countries? Today, various countries are in different stages of 5G rollout. Every country and market has its own path, and Vietnam is very well-placed as one of the most dynamic and attractive investment destinations in the world, with a fast-growing digital economy and strategic focus on nationwide digital transformation and Industry 4.0, enabled by 5G as a critical national infrastructure. Ericsson fully supports and endorses this vision, and we are committed to helping Vietnam achieve this important and strategic ambition. Today there are 235 5G networks in the world in commercial service, with 5G having over 30 per cent population coverage globally. Vietnam is well poised to commercially expand 5G later this year and derive the benefits of the latest, most advanced 5G products … [Read more...] about 5G commercialisation – a must to drive the digital vision of Vietnam

Proposals relating to cooperation and encouraging foreign investors to join Vietnam’s innovation journey were addressed at some forums, including one at VIR’s headquarters and the annual Vietnam Business Forum (VBF) organised in Hanoi over a week back. Working groups of the Vietnam Business Forum touched on a variety of topics and recommendations for greater progress Photo: Dung Minh One particular area of discussion focused on the digital economy and tech such as blockchain. Do Tien Thinh, deputy director of the Vietnam National Innovation Centre (NIC) said at VIR’s forum on digital transformation on March 21 that the NIC is working with many big foreign technology groups to connect them with domestic enterprises to implement training courses and technical supporting programmes. Thinh said Google has implemented digital skill training courses for businesses, especially startups. In mid-2022, Google launched a certification initiative and Startup Academy Vietnam, … [Read more...] about High-tech talent pool to aid transformation

Vietnamese companies prioritize environmentally friendly and sustainable practices as part of their efforts to ensure long-term growth. More than 85% of Vietnam's 500 fastest-growing companies (FAST 500) have committed or plan to comply with environmental, social, and governance (ESG) standards, according to a survey conducted by the Vietnam Report Company (Vietnam Report). Electronics production at SGK Company (Chuong My Industrial Park), a component supplier for Samsung. Photo: The Hanoi Times As the global community continues to prioritize environmentally friendly and sustainable practices, Vietnam is also placing a great deal of emphasis on achieving carbon neutrality by the year 2050. FAST500 companies are aware of the importance of ESG standards and are in the process of adopting this strategy, the report states. Specifically, 14.8% of companies surveyed had initiated and implemented some of their ESG obligations, while 37% had fully planned and … [Read more...] about Over 85% of major Vietnamese companies are committed to ESG standards

Some 600 new European standard shelters will be built at public bus stops in Hanoi city. Hanoi will allow investors to build advertising boards in exchange for 600 modern bus stop shelters and shelter displays worth VND1 trillion (US$43 million) in 12 urban districts, Kinhtedothi.vn reported. The move is part of efforts to encourage Hanoi’s residents to turn to public transportation for mobility, thus easing the number of cars on road and improving air quality. Hanoi to have 600 new bus stop shelters Currently, there are 1,078 bus stops in Hanoi's downtown, but only 365 of them have shelters. The shelters are built by different investors, which make them apprear ununiform. According to the municipal People's Committee, 600 new European standard shelters will be built at public bus stops in the city under the PPP funding mechanism. Among them, 270 shelters will be newly installed and the other 330 will be replaced. In exchange, 1,200 advertising boards … [Read more...] about Hanoi to allow advertising rights in exchange for 600 bus stop shelters

In his remarks, Chairman of the People’s Committee Phan Van Mai highlighted the increasingly close ties between the two countries, saying over the past 50 years, the bilateral relationship has grown actively across spheres, both bilaterally and multilaterally. The good traditional friendship has also been consolidated and enhanced, the official added. Notably, during the COVID-19 pandemic, Vietnam presented Italy with more than 300,000 masks, while Italy donated 2.8 million doses of vaccines to the Southeast Asian nation. This vividly demonstrates the intensive and effective strategic partnership and friendship between the two countries, he said. Ho Chi Minh City, for its part, has actively worked to promote cooperation with Italy, Mai noted, adding that the relations between Ho Chi Minh City and Italy have reaped achievements in trade, investment, education and training, culture, and tourism. According to the official, the two-way trade reached 591 million USD last year. For … [Read more...] about 50th anniversary of Vietnam-Italy diplomatic ties celebrated in Ho Chi Minh City

To improve project readiness and provide opportunities to attract investment from Vietnamese and international investors, the schemes will receive tailored one-to-one and group support. This will include advice on technical aspects, financial models, materials, and advice on enhancing gender equality and social inclusion. The CFA is part of the UK government’s efforts to help Vietnam meet the commitments made by Prime Minister Pham Minh Chinh at COP26 in Glasgow two years ago, and offer support to implement the Vietnam Just Energy Transition Partnership (V-JETP) that was agreed upon in December last year. “The exciting and innovative projects selected to be part of CFA Vietnam underline the significant potential of the Vietnamese private sector to help tackle the climate crisis," British Ambassador to Vietnam, Iain Frew, said. "The expertise shared with these projects will help move them closer to finding investment, leading to reductions in carbon emissions for communities across … [Read more...] about Innovative low-carbon projects join UK’s climate finance scheme

He attributed the obstacles to global fluctuations over armed conflicts, climate change, tightening food safety requirements by importing countries, and high inflation in the US. Data from the Vietnam Directorate of Fisheries under the Ministry of Agriculture and Rural Development (MARD) showed the total brackish water shrimp farming area was 747,000 hectares last year, with total output exceeding 1 million tons, up 8.5% year-on-year. Currently, the country houses 2,294 hectares of shrimp breeding area, which turned out 159.5 billion shrimplets in 2022, an annual increase of 10%. This year, Vietnam aims to expand its shrimp farming area to 750,000 hectares for more than 1 million tonnes in output and 4.3 billion USD in export revenue. Trinh Trung Phi, a technical director at the Vietnamese shrimp company Viet Uc, highlighted the importance of sustainable technological solutions in the growth of the sector. MARD Deputy Minister Phung Duc Tien said that in order to reach the … [Read more...] about Significant efforts needed to realize 4.3-billion-USD shrimp exports

Chau Ngo Anh Nhan, deputy director of Khanh Hoa Department of Planning and Investment (DPI), said that many investors were actively exploring investment opportunities in the locality. However, it took a lot of time for them to garner information. "Although the province has made efforts to improve the transparency, the information is spread across relevant agencies, making it inconvenient for investors. To address this problem, the DPI has partnered with Khanh Hoa Department of Information and Communications (DIC) and FPT Corporation to build an information portal for businesses in Khanh Hoa," he said. Accordingly, investors can get access to the development policies of the province, with planning at all levels. There is also a list of projects calling for non-budget capital, as well as instructions on investment procedures. With the business promotion portal, investors can look up information on projects calling for investment by geographical areas, by industries, or by fields. … [Read more...] about Khanh Hoa to launch information portal for investors