Economy

Mark Billington - Managing director, International, Institute of Chartered Accountants in England and Wales Choices made in the aftermath of COVID-19 will shape society for decades to come. So, setting out objectives for a green recovery is vital to ensure that actions lead to the desired outcomes. The G7 Summit, COP26, and other international conferences involving Southeast Asian countries have been opportunities to rally international support and gain momentum to halve global emissions over the next decade. Five areas will need particular attention to achieve low-emission goals, and finance has been identified as a key one. Green finance plays a crucial role in the sustainable recovery of Southeast Asian economies, particularly Vietnam Green finance includes responsible investment and environmental, social, and governance (ESG) – the evaluation of how businesses perform according to social and environmental factors. As Vietnam rebuilds its economy following COVID-19, there …

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Vietnam’s agro-forestry-aquatic product import-export hits over $82bil Vietnam’s agro-forestry-aquatic product exports and imports were estimated at nearly 82.67 billion USD in the first 11 months of this year, up 24.7 percent annually. Of the figure, around 43.48 billion USD was worth of exports, up 14.2 percent while nearly 39.18 billion USD was from imports, up 39 percent, resulting in a trade surplus of roughly 4.3 billion USD, down 56.5 percent year-on-year. The US was the biggest export market of Vietnam with over 11.9 billion USD, or 27.5 percent of the market share. It was followed by China with around 8.4 billion USD, accounting for 19.2 percent, and Japan with nearly 3 billion USD, or 6.9 percent. Share plunge as Omicron worries local investors Vietnamese shares plunged on Friday as the spread of the Omicron coronavirus variant dampened investor sentiment, triggering worries about hits to a nascent economic recovery. The market benchmark VN-Index on the Ho Chi …

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Pham Van Tan, deputy head of the Department of Climate Change, speaks at the workshop on December 7 (Photo: VNA) Hanoi (VNA) – Vietnam's commitment and responsible contributions at the 26th United Nations Climate Change Conference of the Parties (COP26) were highly appreciated by the international community, opening up many opportunities for cooperation in low-emission growth and promoting circular economy in adaptation to climate change, said a Vietnamese official. Pham Van Tan, deputy head of the Department of Climate Change under the Ministry of Natural Resources and Environment, made the remarks at a workshop on the outcomes of COP26 held on December 7. The Vietnamese delegation to the conference, taking place in Glasgow, the UK, from October 30 to November 13, was headed by Prime Minister Pham Minh Chinh. Delivering a report on Vietnam’s implementation of the COP26 outcomes, Tan said the revised 2020 Law on Environmental Protection and a draft decree on …

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Vietnamese farmers need to conduct a ‘revolution’ by going digital and creating a data store to do business. While attending a forum on digital agriculture in Hanoi on December 2, Le Van Quyet, Director of Long Thanh Phat Hi-tech Agriculture Cooperative, sold 30,000 fowl at his farm in Dong Nai province after just a few operations on his smartphone. He said he could do this thanks to digital technology he uses on his farm. As one of the youngest farmers pioneering digital transformation, Pham Van Loc, with his sustainable agricultural ecosystem project UCA in Hanoi, said he successfully “swam against the current” in 2020, earning revenue of VND50 billion despite the pandemic. This was attributed to digital application. Bac Giang and Hai Duong farmers also had a successful litchi crop this year partially because they could market and sell products via e-commerce platforms and apply digital technology. In remote areas, the “digital transformation” concept is unfamiliar to …

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More medical workers sent to southern localities on COVID missions COVID sends increasing number of children to hospital Nearly 14,000 new COVID-19 cases on Tuesday Hà Nội allows home quarantine for F0 cases COVID cases rise across Mekong Delta region A health worker taking a sample for testing from a resident in Đỗ Hành Street in Nguyễn Du Ward, Hà Nội on December 4, 2021. — VNA/VNS Photo HÀ NỘI — Medical authorities in Hà Nội vaccinated 600,000 people in a single day, pushing the overall percentage of adults fully inoculated to 84.6, vice chairman of the city’s People’s Committee Hà Minh Hải said on Tuesday. At the third meeting of the 16th session of the city’s People’s Council, held on Tuesday, Hải said the city had rolled out many drastic measures to prevent and control the COVID-19 pandemic. The city has implemented a vaccination campaign in which 420,000-550,000 vaccine doses are injected on average every day, according to the official. This …

[Read more...] about 84.6 per cent of Hà Nội adults now fully jabbed

A 12th grader in Hà Nội's Phan Đình Phùng High school has his temperature checked before entering school. Hà Nội reopened schools to 12th graders on Monday after about seven months of closure due to the COVID-19 pandemic. — VNA/VNS Photo Tuấn Anh HÀ NỘI — The COVID-19 pandemic has caused severe impacts to all parts of life across Việt Nam in 2021. A survey has found that the biggest concerns of Vietnamese people during the pandemic has been their health and their children's education. The sociological survey, called “Citizens' Opinions of and Experiences with the Government Responses to the COVID-19 Pandemic in Việt Nam”, found that 68 per cent of respondents are concerned or very concerned about their health condition, while 77 per cent are concerned or very concerned about their children’s education. Conducted between 17 September and 15 October 2021 by the UN Development Programme (UNDP) and the Mekong Development Research Institute (MDRI), with support from the Australian …

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There is a high chance that the bilateral trade turnover could surpass the US$100-billion mark for the first time right this year. The shortage of goods due to the disruption of the global supply chains and growing demands from major economies on recovery, especially the US, is offering opportunities for Vietnamese businesses to further penetrate the world’s largest market. Vice Minister of Industry and Trade Do Thang Hai. Photos: Hai Yen Counselor of the Vietnam Trade Office in the US Bui Huy Son shared the view at the Vietnam-US Trade Forum 2021 held today [December 7]. “As Vietnam makes up only 3.6% of US total imports, there remains huge potential in economic cooperation for both countries,” Son noted. Sharing the view, Vice Minister of Industry and Trade Do Thang Hai said the US remains one of Vietnam’s key partners in all spheres, noting cooperation in trade and economy between the two is the pillar in the bilateral comprehensive partnership. …

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The foreign enterprises shift their focus from surviving the pandemic to developing in the new normal. Six European enterprises have won awards for their resilience and contribution to Vietnam’s fight against the pandemic at the European Night-Business Resilience Awards 2021. Delegates at the event. Photo: EuroCham Vietnam For the best initiative to support Vietnam during the fourth wave of Covid-19, Becamex , Binh Duong-based industrial infrastructure developer, and Annam Group were recognized for their contributions to the country’s fight against the pandemic. The winners for best management initiative to support workers and their families were De Heus, a Dutch animal nutrition supplier, and Bosch, a German supplier, for their efforts in aiding staff not only through livelihoods support but also through policies ensuring their health and well-being during the recent outbreak. Two of the leading agri-food companies, Orlar and Les Vergers du …

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Both leaders agreed the strong cooperation between the two countries has brought substantial benefits for the people and, thus, they are committed to further nurturing this special relationship in the future. The Vietnam-Laos special relations are the invaluable assets of the two Parties and nations, serving as the cornerstone for each country to safeguard national interests and promote shared prosperity. General Secretary of the CPV of Vietnam Nguyen Phu Trong (r) and the Laos National Assembly Chairman Xaysomphone Phomvihane (l). Source: VNA The sentiment was shared during the meeting between the General Secretary of the Central Committee of the Communist Party (CPV) of Vietnam Nguyen Phu Trong and the Lao National Assembly Chairman Xaysomphone Phomvihane today [December 7]. At the meeting, Xaysomphone Phomvihane congratulated Vietnam’s achievements attained over the past years, expressing his belief that the country under the leadership of the CPV would …

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Vietnam said all development decisions must be nature-based and centered around people to ensure sustainable development in which no one would be left behind. Vietnam, a developing country, has stressed the importance of an all-people approach in coping with a global issue – climate change – and its roadmap to achieve a net-zero target by 2050 it has declared. Overview of the workshop in Hanoi on Dec 7 chaired by Minister of Natural Resources and Environment Tran Hong Ha. Photo: Huong Giang/ UNDP The idea has been included in Prime Minister Pham Minh Chinh’s speech at the 2021 United Nations Climate Change Conference (COP26) held in Glasgow, the UK, in early November, as part of efforts to promote the engagement of all people in Vietnam in realizing its commitment at the global event, according to Pham Van Tan, Deputy Head of Vietnam’s Climate Negotiation Delegation. It’s interesting that Vietnam has stipulated the role of its people in the common drive, …

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