Great opportunities

Naomi Kitahara, the United Nations Population Fund (UNFPA) Representative in Vietnam, speaks to Vietnam News reporter Thu Trang about the milestone of Vietnam's population passing 100 million next month, and the challenges and opportunities that this will bring. Naomi Kitahara. — Photo courtesy of the UNFPA What do you think about Vietnam's population passing 100 million people next month? In comparison with other countries in the region and the world over, how will be Vietnam’s population scale? Vietnam’s population will soon reach 100 million and Vietnam will become the 15th most populous country in the world. This should be seen as an important milestone for Vietnam, and I would like to congratulate the Government of Vietnam as this demonstrates a story of triumph. Vietnam, which was once a war-torn country, has successfully taken a substantial number of people out of poverty, and achieved remarkable socio-economic growth including health, education, … [Read more...] about Population of 100 million provides many great opportunities for Vietnam: UNFPA

As many as 52 large firms of the Unite States, including Boeing, Coca Cola, SpaceX, Netflix, and Apple, have come to Vietnam to seek cooperation opportunities in various fields. Representatives of the US - ASEAN Business Council and US firms at a working session with the Ministry of Planning and Investment. This is the largest US business delegation ever to come to Vietnam at a time when the two countries are celebrating 10 years of their comprehensive partnership. The trip is to show US businesses’ commitment to investing in Vietnam, said Marc Knapper, Ambassador of the US to Vietnam, at a press briefing on March 21. According to the diplomat, Vietnam is a potential market with many business opportunities, especially when bilateral relations are developing positively, with their trade expanding vigorously over the years. Sharing the view, Ted Osius, president & CEO of the US-ASEAN Business Council (USABC), noted US firms have a greater interest … [Read more...] about More than 50 US firms sound out investment opportunities in Vietnam

This is an opportunity to provide a green and cost-effective source of energy for the country's strong economic development; and at the same time, support it to achieve its commitment to net zero emissions by 2050, made at the 26th United Nations Climate Change Conference (COP26), he stressed. As one of the countries that strongly support Vietnam's green and sustainable energy transition, Denmark expects the Vietnamese government to soon issue a clear and consistent legal framework, which is essential for the development of the offshore wind industry, added the diplomat. Nguyen Duc Hien, deputy head of the Party Central Committee’s Economic Commission, said that Vietnam holds great potential and advantages for wind energy development. By the end of 2021, the total registered capacity of offshore wind power investment in Vietnam had been around 154 GW, Hien said, adding that the draft eighth Power Master Plan sets a target to develop about 16.12 GW of onshore and nearshore wind … [Read more...] about Vietnam has dual opportunity from offshore wind power: Danish ambassador

Bac Lieu wind power (Photo: VNA) Hanoi – Developing offshore wind power is a great dual opportunity for Vietnam, Danish Ambassador to Vietnam Nicolai Prytz told a seminar themed “Promoting Vietnam’s offshore wind power development: International practices and policy recommendations” in Hanoi on March 16. This is an opportunity to provide a green and cost-effective source of energy for the country's strong economic development; and at the same time, support it to achieve its commitment to net zero emissions by 2050, made at the 26th United Nations Climate Change Conference (COP26), he stressed. Mark Hutchinson, Chair of the Global Wind Energy Council (GWEC) Southeast Asia Task Force, said that there are many solutions for Vietnam to achieve the target of 7 GW of offshore wind power by 2030, such as a rapid development mechanism, a bidding mechanism, incentives through pricing. By VNA … [Read more...] about Vietnam has dual opportunity from offshore wind power: Danish Ambassador

La Gan offshore wind power project. Viet Nam has many favourable conditions to create a thriving offshore wind industry. — Photo vietnamplus.vn Offshore wind is a great dual opportunity for Viet Nam, helping deliver green and cost-efficient energy for the continued economic development of the country and at the same time support Viet Nam in achieving its net-zero by 2050 commitment made in COP 26. Nicolai Prytz, Denmark ambassador to Viet Nam, made the statement at the workshop “Promoting Viet Nam’s Offshore Wind Power Development: International Best Practices and Policy Recommendations” held in Ha Noi on Thursday. Viet Nam has many favourable conditions to create a thriving offshore wind industry: a long coastline, ample wind resources, relatively shallow seabed areas suitable for fixed foundations, and a well-established supply chain that can be used almost immediately or transition relatively quickly to support many parts of the construction process and associated … [Read more...] about Dual opportunity for Viet Nam in offshore wind industry development

A Coca Cola factory in Viet Nam. The beverage giant was among companies joining the mission. — Photo nld.com.vn Senior executives from 52 US companies in the 'biggest-ever' US business mission to Viet Nam are discussing investment and sales opportunities in the country. Chairman of the US-ASEAN Business Council (USABC) Ted Osius said the council was never as busy as it is now. Its services are in high demand because many US companies show great interest in the country. He also said USABC representatives from other countries told him that they must act quickly because they were competing with Viet Nam. That was a way of saying Viet Nam has become a destination for growth and opportunities. Rafael Frankel, Director of Public Policy at Meta, said the trip was the second time he had been to Viet Nam since the outbreak of the COVID-19 pandemic. He appreciates the diligence of the Vietnamese workforce and sees a bright prospect for growth in the country. As such, he revealed the … [Read more...] about US companies upbeat on investment opportunities in Viet Nam

Cuong said that the potential for cooperation between Vietnam and the U.K., the first country in the world to institutionalize the net-zero emission target, is huge, as like the U.K., Vietnam has a long coastline and great solar power potential, especially in the Southern and South central regions as well as in the territorial waters in the South of the East Sea. Vietnam can learn from the experience of the U.K., the world leading country in clean energy, in many aspects, including policy. The U.K. has applied the Contract-for-Difference (CfD) mechanism to support businesses to develop wind power projects, which has been effective in the past 10 years. Vietnam can also partner with the U.K. in personnel training as the U.K. has leading universities in the field of clean energy. Meanwhile, Vietnam can learn from the U.K.'s measures to attract investment from world giants and build a system of industries and supporting industries for the renewable energy sector, thus become ready for … [Read more...] about Vietnam, U.K. see huge cooperation potential in clean energy development

The capital's annual international sports event will be held in October. It's designed to improve the health of local residents while promoting Hanoi's tourism. About 10,000 domestic and international runners will join VPBank Hanoi International Marathon 2023 (VPIM 2023) on October 8 to celebrate the anniversary of Hanoi's Liberation Day (October 10, 1954-2023. The VPIM 2022 attracted thousands of runners. Photo courtesy of the event organisers The runners are professional athletes, professional and semi-professional athletes, diplomatic staff, international organization staff, foreign expatriates and tourists. With the theme "Hanoi Vibes", VPIM 2023 will feature four races of 42km, 21km, 10km, 5km, all starting from the pedestrian street of Hoan Kiem Lake. Runners will run through the ancient streets of the Old Quarter to famous tourist attractions and iconic modern buildings of Hanoi City. In particular, the course of VPIM 2023 will be standardized … [Read more...] about Hanoi International Marathon draws 10,000 runners

Fruits and vegetables on display at the Hortex Vietnam expo in HCM City last month. Africa and the Middle East are highly promising export markets for Vietnamese fruits and vegetables. — VNS Photo The Middle East and Africa have high demand for fruits and vegetables, offering Vietnamese firms a great opportunity to boost exports, according to the Ministry of Industry and Trade. Nguyen Minh Phuong, director of the ministry’s Asia-Africa market department, said the Middle East, which comprises 15 countries and has a population of around 400 million people, has a high per capita income. They import large volumes of agricultural products, including fruits and vegetables, she said. Africa too has huge demand for agricultural products, but because of the distances, Vietnamese firms only export to countries in the north of the continent, she said. Viet Nam’s exports of fruits and vegetables to the Middle East and North Africa (MENA) have soared from US$255.1 million in 2019 to … [Read more...] about Middle East, North Africa lucrative markets, fruit, vegetable exporters told

Fruits and vegetables on display at the Hortex Vietnam expo in Ho Chi Minh City. (Photo: VNA) HCM City (VNS/VNA) - The Middle East and North Africa have high demand for fruits and vegetables, offering Vietnamese firms a great opportunity to boost exports, according to the Ministry of Industry and Trade. Nguyen Minh Phuong, director of the ministry’s Asia-Africa market department, said the Middle East, which comprises 15 countries and has a population of around 400 million people, has a high per capita income. They import large volumes of agricultural products, including fruits and vegetables, she said. Africa too has huge demand for agricultural products, but because of the distances, Vietnamese firms only export to countries in the north of the continent, she said. Vietnam’s exports of fruits and vegetables to the Middle East and North Africa (MENA) have soared from 255.1 million USD in 2019 to 380.3 million USD in 2021, with the main markets being Turkey, the UAE, … [Read more...] about Middle East, North Africa lucrative markets for fruit, vegetable exports