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At his meeting with British Cabinet Minister and President for the 26th United Nations Climate Change Conference (COP26) Alok Sharma, Khai said that Vietnam has been implementing many overall and comprehensive measures in the field of energy transition and growth model transformation towards a green and circular direction to realize commitments made at COP26. The official underlined that ensuring energy security for growth and reducing emissions at the same time is a very complicated problem that requires the support of the international community in terms of resources, technology, and governance capacity. Therefore, he said that Vietnam hopes that the U.K., the European Union (E.U.) and other member states of the Group of Seven (G7) will soon make specific commitments to supporting Vietnam in this area. For his part, Sharma held that Vietnam has made a proper decision to announce the net-zero emission commitment at the COP26, lauding Vietnam’s efforts to realize the commitments, … [Read more...] about Deputy PM busy with meetings on threshold of WEF meeting

At the press conference on May 24 to announce GEFE 2022 (Photo: EuroCham) GEFE 2022 aims to help Vietnam fulfill its commitments made at the 26th UN Climate Change Conference of the Parties (COP26) in the UK last year, and its socio-economic development targets set in the national strategy on green growth for 2021-2030. It will bring together experts, scientists, students and governmental representatives from Europe, Vietnam and other Southeast Asian nations. GEFE 2022 will also feature EuroCham Vietnam’s Green Business Awards and annual Gala Dinner. The event will be organized by EuroCham’s Green Growth Sector Committee with the support of the Delegation of the European Union to Vietnam, EuroCham’s nine affiliated European business associations, European embassies and governmental organizations, as well as the Vietnamese government and its ministries. EuroCham Chairman Alain Cany said the event is expected to serve as a platform to enhance cooperation between European and … [Read more...] about Green Economy Forum and Exhibition to be held in HCMC in November

Though the benchmark VN-Index has lost nearly 19 percent this year, the bank said it was confident about the long-term prospects of the market as companies have been "on a roll" in terms of growth and profits in recent years. The average earnings per share of listed companies had grown by 35 percent last year, and while trading had dipped in the last few months, the Vietnamese market had surpassed Singapore and Indonesia to become the second largest in Southeast Asia behind only Thailand. Local retail investors accounted for around 87 percent of trading. Though foreigners had been mostly withdrawing from the market for nearly three years, they "have started to dip their toes into this market again" in the past few weeks. This was because only seven of the 30 biggest stocks on the main bourse, the Ho Chi Minh Stock Exchange, had reached their foreign ownership limit. Overall the VN-Index had a foreign ownership limit of 44 percent, and current foreign holdings were at less … [Read more...] about HSBC optimistic about Vietnam stock market despite plunge

Quang Ninh agricultural products are on sale at website dongtrieumart.vn (Photo: baoquangninh.com.vn) Quang Ninh (VNA) – The northern province of Quang Ninh is taking steps to boost high-tech agriculture to cut production costs, increase volumes, and cultivate high-quality farm produce. To realise this goal, farmers are focusing on speeding up the digital transformation, considering it a strategic solution to enhancing the production, quality and competitiveness of agricultural products in domestic and international markets. Dam Ha trade and construction company in Dam Ha district has invested more than 15 billion VND (647,250 USD) to building hydroponic greenhouse vegetable and melon farms, betting on high-tech hydro-growing operations to promote clean agriculture, cut workloads, and standardise quality. Director Nguyen Huu Nhuong said that thanks the newly installed hydroponic systems, the company has enjoyed a production bump of nearly 100 tonnes of melon per year … [Read more...] about Quang Ninh farms turn to tech to grow agriculture sector

Unlike previous trading sessions, the demand for pillar stocks remained until the end of the trading session, instead of being sold off at G hour. The VN-Index rallied robustly by 14.57 points, or 1.2 percent, to close at 1,223.38 points. Although the VN-Index regained strongly, the number of winners and losers was quite balanced, with 224 advancers compared to 210 decliners. However, the number of gainers completely dominated the VN30 basket, with 26 gainers compared to four losers, namely HPG, KDH, PLX, and SAB. The driving force for the VN-Index continued to come from MSN, with an increase of 4.3 percent. The steadiness of MSN was the motivation for the rest of the stocks in the VN30 basket, such as GAS, VNM, FPT, VRE, VCB, TPB, STB, SSI, PNJ, and CTG. The bright spot in the trading session also included banking and securities stocks. After the previous series of corrections, this stock group simultaneously recovered thanks to the appearance of the bottom-fishing cash flow. … [Read more...] about VN-Index revives 15 points

Vice Secretary of the HCMC Party Committee Nguyen Ho Hai  (C) visits a display booth at the exhibition. The event attracts 160 display booths featuring the city’s key agricultural products , high-quality OCOP products and eco-friendly goods. The exhibition is a chance for farmers and participating units to introduce and promote their products; exchange and share experience in production, consumption, and trade of goods, and information on new technologies in the agricultural sector. The exhibition is divided into four areas, including outstanding agricultural products, OCOP and key products of the Department of Agriculture and Rural Development, products of startups and activities supporting farmers in digital transformation and participation in the digital economy. Vice Chairman of the HCMC People's Committee Vo Van Hoan (R) meets representatives of participating units in the event. The exhibition also includes a seminar on seeking measures to develop OCOP … [Read more...] about HCMC’s farm produce exhibition opens in Thu Duc City

Speakers at the press conference in HCM City on Tuesday. VNS Photo Xuân Hiệp Speaking at the press conference, Alain Cany said climate change, circular economy, energy resources and green financing would top the agenda of the Green Economy Forum and Exhibition 2022 to be held in HCM City from November 28 to 30. Organised by EuroCham Vietnam, the event aims to support Việt Nam in achieving its COP26 commitments through several green European innovations and sustainable solutions. The event also aims to help the country to achieve the socio-economic development goals specified in its National Green Growth Strategy for 2021-2030, he added. It will also help improve the cooperation between European and Vietnamese business communities and promote a sustainable green Vietnamese economy through expertise sharing and technology transfer initiatives. The forum is expected to offer a platform for all stakeholders to discuss green policy frameworks, national energy plans, … [Read more...] about Int’l Green Economy Forum to help Việt Nam meet COP26 commitments

At the event. (Photo: baophapluat.vn) Binh Dinh (VNA) - Kurz International Holdings GMBH from Germany held a groundbreaking ceremony to build a thin film factory at the Becamex Vietnam-Singapore Industrial Park (VSIP) in the south central province of Binh Dinh on May 24. factory in Binh Dinh province will help strengthen the influence of KURZ Group in Asia, creating conditions for the group to actively participate in the growing market in Southeast Asia, as well as meeting market needs worldwide with high quality products. Binh Dinh with a total investment of more than 13 million USD. investor s, he said./. VNA … [Read more...] about Work begins on 40-million USD thin film project in Binh Dinh province

Businesses across Ho Chi Minh City have increased prices of essentials due to higher production costs despite consumer purchasing power having decreased by up to 25 percent, a survey of Tuoi Tre (Youth) newspaper has shown. Enterprises in Vietnam have issued warnings that food prices will continue to rise unless solutions are found to restrain surging food input costs, including raw materials, gasoline, and animal feed. As a case in point, cooking oil is now being sold 15-20 percent more expensive at supermarkets in Ho Chi Minh City than at the beginning of the year, and 70-90 percent higher than the price of 2020. Notably, Tuong An cooking oil now sells for VND60,000-160,000 (US$2.6-$6.9) per liter, depending on the type, while a set of 10 chicken or duck eggs is offered at VND33,000-VND38,000 ($1.4-$1.64) at traditional markets. The rates are about 20 percent higher than earlier this year, and nearly double those of last year, mostly owing to higher production costs and … [Read more...] about Purchasing power drops, food prices rise in Ho Chi Minh City

This is recognised as a significant step forward in the sustainable development and expansion of MM Vietnam in distribution network system for the 5-year period from 2020 to 2025 to better serve its professional customers especially HoReCa channel. The delegates cut the ribbon in the opening ceremony of new MM’s Depot in Sapa Located on the main crossroad about two kilometers from the town center, Sapa Depot spreads over a land area of 480 square meters, in which the total area of the warehouse is 394 square meters. Its target customers comprise business or professional customers who have been providing their products and services in the hospitality industry in Sapa. As an important part of MM Mega Market Vietnam’s supply chain and sourcing management, Sapa Depot aims to provide a wide range of leading-edge products to better support its customers’ evolving demands in a timely manner, while enabling it to offer further solutions within 38 kilometers from Lao Cai City … [Read more...] about MM Mega Market Vietnam expands its footprint in the North with opening Sapa Depot