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Vietnam’s COP26 commitments drive attention from UK investment funds

August 3, 2022 by hanoitimes.vn

The strong message sent by Vietnam’s Prime Minister at COP26 has significantly improved the country’s image in the eyes of international investors. Many UK investment funds are ready to come to Vietnam following Prime Minister Pham Minh Chinh’s commitments at COP26 for net zero carbon emission by 2050. Prime Minister Pham Minh Chinh and UK Ambassador to Vietnam Gareth Ward. Source: VGP UK outgoing Ambassador to Vietnam Gareth Ward gave the remarks during a farewell meeting with Prime Minister Pham Minh Chinh on August 2. According to Ward, the strong message sent by Chinh at COP26 has significantly improved Vietnam’s image in the eyes of international investors. The UK, in this regard, would continue to accompany Vietnam in sustainable development, especially in fighting climate change and pursuing green growth, Ward said. Prime Minister Chinh highly regarded Ward’s contribution during his term, which contributed to the progress of the Vietnam-UK … [Read more...] about Vietnam’s COP26 commitments drive attention from UK investment funds

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UKVFTA opens doors for UK businesses in Viet Nam

August 11, 2022 by bizhub.vn

The UK-Viet Nam Free Trade Agreement (UKVFTA), which officially took effect on May 1, 2021, has helped not only boost the bilateral trade between the two markets but also bring the door wide open for the investment of UK companies in Viet Nam. Viet Nam News talks to CEO of HSBC Viet Nam Tim Evans and Nitin Kapoor, Chairman and General Director of AstraZeneca Vietnam and Asia Area Frontier Markets, about their plans for business in Viet Nam. How is your company doing business in Viet Nam? How will the UKVFTA help expand your business here? Tim Evans, CEO of HSBC Vietnam Evans : HSBC has been the leading international bank operating in Viet Nam for more than 150 years. As a bank with trade finance in our DNA, our mission has always been to be a bridge between local companies looking to transact internationally and international companies looking to transact locally. We are a full-service bank that deals with domestic and international companies, financial institutions … [Read more...] about UKVFTA opens doors for UK businesses in Viet Nam

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‘Rice bowl’ responsibility robs Mekong Delta of growth opportunities: report

August 12, 2022 by e.vnexpress.net

With an annual rice output of 24 million tons a year, or half of Vietnam’s total, the Mekong Delta has been given the responsibility of ensuring food security for the country over several decades, which is both a "destiny" and a "tragedy," according to a recent report by the Vietnam Chamber of Commerce and Industry (VCCI) and the Fulbright School of Public Policy and Management. "We need to release the region of the food security mission to reduce its dependence on rice. No country gets rich by growing rice. It is given the destiny to grow rice and because of that it has become poor," said Vu Thanh Tu Anh, director of the school, at the release of the Annual Mekong Delta Economic Report 2022. Vietnam exported over $3.5 million tons of rice in the first six months in return for $1.72 billion, a year-on-year increase of 4.5% in value and 16.2% in volume. The reason for the gap between value and volume growth is because the world’s leading rice producers (China, India, Bangladesh, … [Read more...] about ‘Rice bowl’ responsibility robs Mekong Delta of growth opportunities: report

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NovaGroup to hold hiring day in Phan Thiet

August 9, 2022 by bizhub.vn

NovaGroup alsways focuses on creating a good working environment for its staff The biggest Vocational Day will be organised by NovaGroup at its NovaWorld Phan Thiet this weekend, with over 500 jobs up for grabs. Candidates will be directly interviewed by company executives, receive advice from experts, connect with parters and each other, study NovaGroup’s ecosystem, and visit NovaWorld Phan Thiet. Over 500 jobs in positions such as supervisors, staff, managers at NovaGroup companies such as Novaland, Nova Service, Nova Industry, and Nova Capital Parterswill be offered They are open to applicants from the entire country expecially from HCM City, Binh Thuan Province and neighbour bouring provinces. NovaGroup’s competitive and preferential policies,training and excellent working environment are factors that keep workers at the company for a long time. Staffs are also offered preferential and interesting services available at NovaGroup’s ecosystem. Notably, the company is … [Read more...] about NovaGroup to hold hiring day in Phan Thiet

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SCG accelerating strategies to address myriad of challenges

August 4, 2022 by vir.com.vn

SCG’s Q2/2022 operating results show continuous revenue growth despite energy costs’ effects on profits, maintaining robust financial standing. Roongrote Rangsiyopash, president and CEO at SCG disclosed, “Despite volatile situations with crisis upon crisis such as inflation, rising interest rates, increased energy and raw material costs, and climate change, SCG continues to adapt, resulting in strong overall business and financial performance. Innovative product and service developments are in full gear, especially eco-friendly items with SCG Green Choice labels and innovations to meet consumers’ demands for safety and convenience, catering to the tourism and service sector’s recovery as borders fully open." "Moreover, strategic investments are being prioritised, resulting in the delay of new projects that are non-urgent while still going through with quick-return projects and ones that are aligned with the company’s long-term growth plans. This includes the Long Son … [Read more...] about SCG accelerating strategies to address myriad of challenges

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Hanoi artisans keep the fire of blacksmithing

August 7, 2022 by hanoitimes.vn

Through many ups and downs of history, the talented smiths of Hanoi’s old Hoe Thi craft village in Hanoi’s suburbs have still persistently kept their ancestor’s trade. Located on the bank of the Day River, Hoe Thi ancient village or today’s Phuong Canh Ward, Nam Tu Liem District is famous for its two traditional crafts, blacksmithing and tin soldering. Blacksmithing and tinsmithing are hereditary professions in Hoe Thi village. Photos: Suc khoe & Doi song According to Dr. Bui Xuan Dinh from the Vietnam Academy of Social Sciences, since ancient times, blacksmiths in Hoe Thi village have carried their furnaces and working tools everywhere to forge knives, scissors, sickles, hoes, and shovels, around Thang Long Citadel or today’s Hanoi. By the end of the 19th century, the talented workers of Hoe Thi craft village settled down on Sinh Tu Street or nowadays Nguyen Khuyen Street and Lo Ren Street in Hanoi's downtown. “The craftsmen of Hoe Thi village used … [Read more...] about Hanoi artisans keep the fire of blacksmithing

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Samsung workers in Vietnam bear brunt of slowdown in global demand for electronics

August 4, 2022 by tuoitrenews.vn

Samsung Electronics Co Ltd has scaled back production at its massive smartphone plant in Vietnam, employees say, as retailers and warehouses grapple with rising inventory amid a global fall in consumer spending. America's largest warehouse market is full and major U.S. retailers such as Best Buy and Target Corp warn of slowing sales as shoppers tighten their belts after early COVID-era spending binges. The effect is acutely felt in Vietnam's northern province of Thai Nguyen, one of Samsung's two mobile manufacturing bases in the country where the world's largest smartphone vendor churns out half of its phone output, according to the Vietnam government. Samsung, which shipped around 270 million smartphones in 2021, says the campus has the capacity to make around 100 million devices a year, according to its website. "We are going to work just three days per week, some lines are adjusting to a four-day workweek instead of six before, and of course no overtime is needed," Pham Thi … [Read more...] about Samsung workers in Vietnam bear brunt of slowdown in global demand for electronics

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Hanoi seeks ways to develop sustainable craft villages

August 4, 2022 by hanoitimes.vn

The application of advanced technology in production is one of the key solutions to maintaining traditional craft villages. Despite its important contribution to the rural economy, the sustainable development of craft villages in Hanoi is facing great challenges that require comprehensive solutions from relevant agencies and stakeholders. Local consumers are shopping at a store in Van Phuc silk craft village. Photo: Bich Hoi Van Phuc, about 15km far from Hanoi, is known as a famous silk craft village both nationally and abroad. However,  many silk weavers have switched to other lucrative jobs due to rapid urbanization. "The number of looms in Van Phuc Village had decreased from more than 500 looms in 2001 to about 300 today. Skilled silk weavers are aging, while young villagers are not interested in the traditional trade," said Pham Khac Ha, chairman of the Van Phuc Silk Weaving Villages Association in Ha Dong District. The people of the centuries-old … [Read more...] about Hanoi seeks ways to develop sustainable craft villages

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Trade remedies imposed on sugar imports from five ASEAN countries

August 4, 2022 by bizhub.vn

The Ministry of Industry and Trade has decided to impose trade remedies against sugar products imported from five ASEAN countries that use Thai sugarcane. — VNA/VNS Photo The Ministry of Industry and Trade has decided to apply measures to prevent evasion of trade remedies against sugar products imported from five ASEAN countries that use Thai sugar materials. It will impose an anti-dumping duty of 42.99 per cent and an anti-subsidy duty of 4.65 per cent on sugar coming from Laos, Cambodia, Indonesia, Malaysia, and Myanmar. However, the imported products will not be subject to the anti-evasion measures if proven to be made from sugarcane harvested in these countries. The tariffs will take effect seven days after the issuance date of the decision (August 2) until June 15, 2026, unless the decision is superseded by new ones from the ministry. The decision followed an investigation by the ministry’s Trade Remedies Authority which concluded that Thai sugarcane products subject … [Read more...] about Trade remedies imposed on sugar imports from five ASEAN countries

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Paralysed boy in desperate need of support

August 2, 2022 by dtinews.vn

A six-year-old boy in the northern province of Nam Dinh who was paralysed due to an intramedullary tumour is in dire need of community support. Tran Van Nam from Truc Ninh District’s Viet Hung Commune is staying at Nam Dinh Paediatrics Hospital for treatment. He has to use a ventilator. The boy’s mother Nguyen Thi Van, 39, said that his entire body is paralysed, so he can’t move. He has had to use ventilators since having surgery. Van and her son Van said that he was often sick as he was born prematurely. He only started to learn to walk at the age of four. He was then diagnosed with Down syndrome. In May this year, Nam faced serious headaches and a high fever. After three consecutive days of high temperatures, he was taken to Nam Dinh Paediatrics Hospital where the boy was diagnosed with an intramedullary tumour. The boy underwent two surgeries; however, his condition did not improve. Van’s family mostly depends on farming. Her husband does … [Read more...] about Paralysed boy in desperate need of support

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