How industries are polluting our water resources

In 2022, industry revenue exceeded US$25 billion, an increase of 5.7% year-over-year. The 11th Hanoi International Plastics, Rubber, Printing and Packaging Industry Exhibition (HanoiPlasPrintPack), considered a platform to promote the development of the local plastics industry, is underway at the Hanoi International Exhibition Center (ICE) from June 8 to 11. Overview of the event. Photo: VGP The annual Hanoi PlasPrintPack Fair, jointly organized by the Ministry of Industry and Trade and Yorkers Exhibition Service Vietnam, has returned after a long hiatus due to the Covid-19 pandemic. Building on the success of Vietnamplas, held annually in Ho Chi Minh City and is the largest plastics industry exhibition in Vietnam, this event has attracted numerous domestic and international companies. With over 340 booths representing 220 companies from countries such as Belgium, China, Hong Kong (China), India, Indonesia, Japan, Malaysia, the Philippines, Taiwan … [Read more...] about HanoiPlasPrintPack Exhibition launched to boost local plastic industry development

Several hydropower plants in the northern region have suspended generating electricity due to the shortage of water amid massive power outages. The water level at the Thac Ba Reservoir has gone below the dead level Seven large dams in the north including Son La, Lai Chau, Huoi Quang, Thac Ba, Tuyen Quang, Ban Ve and Hua Na had reached dead storage levels, forcing them to suspend generating power. Only Hoa Binh hydropower dam has water and could maintain power generation until June 13, said Tran Viet Hoa, director of the Electricity Regulatory Authority under the Ministry of Industry and Trade. “The electricity supply situation in the north is facing major challenges because hydroelectricity accounts 43.6 percent of output,” he said at a meeting on Wednesday. As of Tuesday, available capacity of hydroelectricity reached 3,110 MW, only 23.70 percent of installed capacity. The total available capacity of the northern power network is 17,500-17,900 MW, or just … [Read more...] about Hydropower plants stop electricity generation due to lack of water

The drought-stricken Kwan Phayao Lake in Phayao province in northern Thailand in May 2023. (Photo: bangkokpost.com) Bangkok (VNA) – Thailand’s Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) has said drought, floods and other extreme weather exacerbated by climate change could cause damage worth 36 billion THB (1 billion USD) to the Thai economy this year. Kriengkrai Thiennukul, chairman of the Federation of Thai Industries (FTI), a key member of the JSCCIB, stressed that water scarcity caused by drought is the committee's leading concern because it could have a massive impact on both the agricultural and manufacturing sectors, hampering already sluggish exports. According to the Commerce Ministry's latest data, in the first four months of 2023 Thai exports decreased by 5.2% year-on-year to 92 billion USD, while imports fell by 2.2% to 96.5 billion USD, resulting in a trade deficit of 4.51 billion USD. drought , hoping to work with the … [Read more...] about Thailand forecasts huge losses caused by climate change

Trang An scenic landscape complex in the northern province of Ninh Binh. After three years of stagnation due to the COVID-19 pandemic, Viet Nam's tourism industry is accelerating its recovery. — VNA/VNS Photo Experts forecast a positive outlook for travel stocks after two years of being battered by the COVID-19 pandemic. However, Vietnamese tourism businesses still have to face many difficulties and challenges. Positive first quarter After three years of stagnation due to the COVID-19 pandemic, Viet Nam's tourism industry is accelerating its recovery. According to the General Statistics Office, in the first five months of this year, the number of international visitors to Viet Nam was estimated at nearly 4.6 million, 12.6 times higher than the same period last year. Of the total of nearly 4.6 million international visitors to Viet Nam in the past five months, visitors coming by air accounted for 88 per cent; by road accounted for 10.9 per cent; by sea 1.1 per cent. With the … [Read more...] about Travel companies see positive outlook but challenges lie ahead

The move boosts innovative ideas and solutions to drive positive changes in plastic reduction, reuse and recycling and to unlock new sources of sustainable financing. A new task force was launched by the Vietnam National Plastic Action Partnership (NPAP) launched to promote innovation and catalyze investment in effective solutions for reducing plastic waste and pollution in Vietnam. In collaboration with the Royal Norwegian Embassy in Hanoi and its Commercial Section - Innovation Norway, the Task Force held its first meeting to discuss new technologies for Deposit Return Systems (DRS). The NPAP Innovation and Financing Task Force -- co-chaired by the International Cooperation Department of the Ministry of Natural Science and Environment (MONRE) and the Alliance to End Plastic Waste – brings together government agencies and domestic and international enterprises and organizations to boost innovative ideas and solutions to drive positive changes in plastic reduction, reuse and … [Read more...] about New task force promotes innovation, financing for plastic waste reduction in Vietnam

A Korean student joins an exchange with Vietnamese school students in a Korean business-funded Corporate Society Responsibility programme in central Viet Nam. — Photo courtesy of Doosan Vina Although accounting for a 10 per cent share of total South Korean investment capital in Viet Nam, the Korean business community has been positively promoting Corporate Social Responsibility (CSR) programmes to contribute to socio-economic development in central Viet Nam over the past decades. The Consul General of South Korea in Da Nang, Kang Boo Sung, spoke at the CSR Forum among South Korean businesses operating in the central region, emphasising the satisfaction among 250 enterprises working in the region over the past years. More new Korean investors are turning their attention to this destination. "South Korea is seen as the largest investor in Viet Nam with an accumulated US$81 billion since the two countries established diplomatic ties in 1992, and an amount of $4.88 billion in newly … [Read more...] about South Korean investors share social support in central Viet Nam

Themed “Kien Giang provincial armed forces together with the party organization, authorities, and people of Hon Dat district build new-style rural area,” the program will take place from June 2023 to January 2024. As planned, the program will facilitate the construction of 115 houses for needy households and seven rural bridges; present gifts to policy beneficiaries, poor and near-poor families; provide health examination, medicines, and consultation for locals. The organizing panel will present scholarships to needy students with good academic results; build electricity systems in rural areas; carry out environment projects; and hold artistic and sporting events and competitions. Speaking at the ceremony, Deputy Chairman of the Kien Giang provincial People’s Committee and head of the steering committee Nguyen Luu Trung evaluated that this mass mobilization model bears profound socio-political and humane significance, embodying the tradition of "When drinking water, remember its … [Read more...] about Kien Giang kick-starts military-civilian program in 2024

Sacombank began a project to implement Basel III and strengthen risk management capacity with EY Vietnam Consulting JSC offering consultancy. — Photo courtesy of the bank Sacombank has begun a project to implement Basel III and strengthen risk management capacity with EY Vietnam Consulting Joint Stock Company offering consultancy. The project is meant to build an organisational structure for risk management in line with international rules and the bank’s strategies, improve capital and asset quality to ensure stable and sustainable business operations and meet the increasingly stringent requirements for the banking industry, optimise the process of identifying, measuring, monitoring, controlling, and overcoming risks, and develop skilled human resources and a modern information technology system. Pham Van Phong, the lender's vice chairman, said: “Sacombank is well aware of the importance of applying Basel III rules and improving its risk management system. “This is one of the … [Read more...] about Sacombank starts adoption of Basel III norms