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Bac Lieu wind power plant assessed to contribute importantly to reducing impacts of climate change. (Photo: VNA) Hanoi (VNA) - The Ministry of Industry and Trade recently issued the sector’s action plan on climate change response and green growth to 2030, with a vision to 2050. Accordingly, the ministry considers climate change response an important and long-term task, and the achievement of the net zero emissions an opportunity to develop towards a low-carbon direction in accordance with national conditions and international trends. Measures to respond to climate change will be included in strategies for the development of the industry and trade sector. Illustrative image (Photo: VNA) This move aims to ensure the flexible adaptation to short-, medium- and long-term impacts of climate change, as well as the sector’s stable development and growth. These actions will also minimise losses caused by natural disasters, and consequences of extreme weather and … [Read more...] about MoIT acts in response to climate change

Vietnam set a target to earn US$393-394 billion in export revenue in 2023, up $22 billion or six percent over last year, said Phan Van Chinh, head of the Agency of Foreign Trade under the Ministry of Industry and Trade. At a conference on domestic production and consumption promotion and export market expansion held by the Ministry of Industry and Trade on Friday, Chinh said that the target is challenging as the local export sector has been facing many shortcomings, such as high but unsustainable growth and trade deficits with some large markets. To reach the target, the industry and trade sector should take measures to boost exports, and bilateral and multilateral cooperation activities to seek new markets and exploit the export potential of sectors in which Vietnam has advantages, Chinh added. In addition, it is essential to foster trade promotion in the domestic market and the distribution of goods via digital and e-commerce platforms to encourage consumption and develop … [Read more...] about Vietnam eyes up to $394bn in export revenue in 2023

The demand for Vietnam’s IP land rentals will sharply grow in 2023 thanks to policies promoting a return to investing in the Southeast Asian country. The industrial property segment is predicted to continue to be a bright spot in Vietnam’s real estate market in the coming years after reaching impressive growth in 2022, local insiders said. Benefiting from the ex isting land bank Many IP developers earn profit from developing IP projects. Photo: Cong Hung A recent report on the industrial real estate industry of VNDIRECT Securities predicted that by 2023, the net profit of listed IP developers is expected to grow by around 12% year-on-year. "We see more challenges for IP developers in the next two years due to the slow project approval process and limited funding sources. However, this is likely to turn into opportunities for developers that own ready-to-lease land banks, such as Becamex IDC Corporation (BCM)," the report noted. "We believe that … [Read more...] about Vietnam’s industrial property – promising segment in 2023

Police in Dong Tam commune conduct fingerprint collection from a local resident to make an identity card (Photo: VNA) Hanoi (VNS/VNA) - Local officials and experts discussed the establishment of the national database centre at a conference held in Hanoi on February 3, highlighting that the right approach will make it a driving force for the country’s development. Deputy Minister of Public Security Nguyen Duy Ngoc said the centre that was being studied to propose to the Government, would be “centred around people, aiming to serve people, businesses and the Government.” He noted that this centre had been assigned to the Ministry of Public Security which has substantial experience in projects on collecting and developing national data on population as well as identity card and electronic identity verification projects. He stressed that the ministry had a police force at four levels with strict discipline and the capacity to carry out the task that the Government … [Read more...] about Right strategy needed for the national database centre: experts

Accor Vietnam intends to double the number of international-standard hotel s in Vietnam. - Illustrative image (Photo: baodautu.vn) Hanoi (VNA) - Accor Vietnam and IHG Hotels & Resorts – the world’s leading hotel businesses operating in Vietnam announced that they intend to double the number of international-standard hotels in the Southeast Asian nation in the next five years. Representatives of Accor and IHG said Vietnam is a very attractive country to invest in, and foreign investment has been quite robust over the past few years. There is huge potential for developing the hotel sector in the Southeast Asian nations. Xavier Cappelut, Vice President of Operations of Accor Vietnam, said the firm has plans to welcome 41 more hotels and resorts in its chain in Vietnam within the next five years. The hotel market received a great number of domestic visitors from the first half of 2022 due to the loosening of pandemic regulations, he said, adding that the demand has … [Read more...] about World’s leading hotel groups to double down on investment in Vietnam

Vietnam promotes its tourism at TRAVEX trade fair in Indonesia (Photo: VNA) Jakarta (VNA) - Vietnam lauded its bountiful tourism options at the Travel Exchange (TRAVEX) trade fair, part of the ASEAN Tourism Forum (ATF) 2023 in Yogyakarta, Indonesia, from February 2-5. With a 54-sq.m pavilion, themed “ Vietnam-Timeless charm ” and “Live fully in Vietnam”, the country aims to lure visitors, while helping travel firms resume connectivity with their partners after the COVID-19 pandemic. It also spotlights the 2023 national tourism year to be hosted by the south-central province of Binh Thuan, home to the beach resort town of Mui Ne. TRAVEX is one of the most important activities within ATF 2023, attracting the attention of international partners, businesses and tourists. As the biggest annual tourism event in the ASEAN region, the ATF is attended by top industry policy makers, practitioners and suppliers of ASEAN-based tourism products and services. Hanan … [Read more...] about Vietnam promotes tourism options at top trade fair in Indonesia