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Tan Phu Plastic Company produces safe products to serve the local market. The "Zero Covid" policy of China means many Vietnamese producers lack input materials. (Photo courtesy of the firm) The worst sufferers were the electronics, wood, textiles, and footwear industries. According to the Ministry of Industry and Trade (MoIT), China was an important market for the export and import activities of Vietnam as it provides the majority of input materials for Vietnam's production, especially electronic components, machinery parts, fabrics and chemicals. MoIT said from 50 to 55 percent of raw materials and accessories for the textile, garment, and footwear industries originated from China. The country was currently implementing the "Zero Covid" strategy, which forced many factories there temporarily stop production to fight the pandemic. The import-export activities in the neighboring country were affected a lot by the shortage of containers at ports. Phan Thi Thanh Xuan, Vice … [Read more...] about Local enterprises lack materials due to China’s ‘Zero Covid’ policy

Vietnamese Minister of Justice Le Thanh Long (L) and his Hungarian counterpart Judit Varga sign the cooperation pact under the witness of National Assembly Chairman Vuong Dinh Hue and his Hungarian counterpart László Kovér. (Photo: VNA) Budapest (VNA) - Vietnamese Minister of Justice Le Thanh Long and his Hungarian counterpart Judit Varga on June 27 signed a cooperation programme between the two ministries for the 2022-2023 period, as part of National Assembly Chairman Vuong Dinh Hue’s ongoing official visit to Hungary. The signing ceremony was witnessed by National Assembly Chairman Vuong Dinh Hue and his Hungarian counterpart László Kovér. Per the pact, the cooperation contents focus on topics that Vietnam needs experience and Hungary has strengths such as asset recovery mechanism in corruption cases, one-stop shop mechanism, the application of information technology in civil judgment enforcement, and non-conviction based confiscation, among several others. The … [Read more...] about Vietnam, Hungary seal judicial cooperation deal for 2022-2023

Ha Nam Textile Company in Phu Ly, Ha Nam. Enterprises are encountering a number of difficulties after the COVID-19 pandemic and needed support to promote business and production recovery. — VNA/VNS Photo Tran Viet The Ministry of Planning and Investment will propose policies to remove obstacles for enterprises and enable them to seize opportunities to accelerate production and business, Minister Nguyen Chi Dung said. Dung promised at a meeting on Monday to listen to the difficulties of enterprises and raise solutions for the second half of this year, saying it was important to identify advantages and opportunities, as well as challenges, to raise policies to support enterprises and enable them to participate and not miss any chances. Enterprises are encountering a number of difficulties after the COVID-19 pandemic which has heavily socio-economic activities hard during the past two years. Labour shortages are one of the most common challenges facing industries. According to … [Read more...] about Ministry listens to firms’ difficulties, pledges to raise support

The Vietnam Circular Economy Forum 2022 takes place both in person and via videoconference on June 28. (Photo: VNA) Hanoi (VNA) – The Vietnam Circular Economy Forum 2022 took place on June 28 with a focus on how to translate the commitment on net zero emissions into action. Addressing the hybrid event, Minister of Natural Resources and Environment Tran Hong Ha highlighted Prime Minister Pham Minh Chinh’s message to the forum that calls for solidarity and joint actions to reduce carbon emissions towards net zero like the way humankind has responded to the COVID-19 pandemic. The Government leader also emphasised cooperation among the countries, as well as between them and international organisations so as to step up circular economy models, especially by sharing knowledge, boosting joint scientific researches, developing and transferring technology, Ha said. Environmental and climate issues always enjoy the top priority in the agenda of the Vietnamese Party, National … [Read more...] about Forum seeks to translate net zero carbon pledge into action