The agency is reviewing the organizational structure, functions and tasks of local industry promotion centers while proposing solutions to enhance local industry promotion activities and policies, and working with related units to plan the 2022 national industry promotion funding allocation. Inspecting and evaluating the implementation of industry promotion projects The Agency for Regional Industry and Trade acts as a bridge with localities to ensure that directives issued by the Ministry of Industry and Trade are strictly and effectively implemented. Last year, the agency closely coordinated with localities to implement the National Industry Promotion Program with a total budget of VND75.641 billion. The program encouraged rural industrial enterprises to modernize production technology gradually, creating products of greater value and competitiveness, which also helped local businesses stabilize production during the pandemic. The ARIT will continue providing … [Read more...] about MoIT agency plays leading role in industry and trade development
Keuntungan eco industrial park bagi industri
Industrial revolution 4.0: Human resources are key
Vietnam ICT Summit 2017 is the platform for administrative agencies and IT enterprise community to discuss solutions and strategies with the objective of taking Vietnam to join the industrial revolution 4.0. On September 6, the first theme in the Vietnam ICT Summit 2017 of “Vietnam: Digital Transformation in Industry 4.0” has been discussed. In particular, the Deputy Prime Minister Vu Duc Dam has given the opening speech at the summit. As such, the Deputy Prime Minister stressed, industrial revolution is more and more influencing various aspects of socio-economic in the world, as well as in Vietnam. This is not only an opportunity for Vietnam to transform, but also poses a potential threat to the country. The Deputy Prime Minister Vu Duc Dam gave a speech at the summit. According to the Deputy Prime Minister, in 2017, the global innovation index (GII) of Vietnam has increased 12 places to the 47th rank, thanks to the significant contribution from IT … [Read more...] about Industrial revolution 4.0: Human resources are key
Will Vietnam become a big geopolitical beneficiary?
Kevin Coppel, Asia-Pacific managing director (left ) and Christine Li, Asia-Pacific head of research for Knight Frank in Singapore When the US-China trade tensions bubbled over in 2018, corporates found it increasingly difficult to carry out business in China due to sourcing uncertainties and rising costs. This trend only worsened in the face of the pandemic and resulting border closures. Businesses responded by pursuing opportunities to set up bases outside of China while still retaining a stake in one of the world’s strongest economies. The China+1 strategy thus emerged. It is based on diversifying its supply base into other countries in order to minimise the risk of disruptions arising from geopolitical tensions, trade wars and tariffs, as well as rising labour costs. These companies are not abandoning China but rather giving themselves options, enjoying the best of what China and other economies have to offer. In pursuit of the China+1 strategy, the spotlight is naturally … [Read more...] about Will Vietnam become a big geopolitical beneficiary?
Over 800 workers face job losses following company fire in Quang Nam
More than 800 workers at a garment company in the central province of Quang Nam could lose their jobs after a fire largely damaged their workplace. The fire at Woochang Vietnam Garment Company on May 25 The fire which occurred on May 25 at Woochang Vietnam Garment Company in Trang Nhat Industrial Park, Dien Ban Town had burnt down all materials and equipment at the company's stores and factories. According to the vice-chairman of Dien Ban Town People's Committee, Nguyen Minh Hieu, the fire occurred on an area of 1.5 hectares while 760 workers and 50 managers were working. "The fire has caused big losses for the company," the official said. "Three wharehouses and many factories have totally burnt down." A worker, Nguyen Ngoc Hung said that he was very sad to see his company facing this situation. "Myself and many other workers had a stable job and income here after two years of being badly affected by the Covid-19 pandemic," he said. "But now we may be … [Read more...] about Over 800 workers face job losses following company fire in Quang Nam
Vietnam puts gasoline database system into operation to avoid violations
Illustrative photo:SGGP/ Viet Chung The Office of the Ministry of Industry and Trade this morning informed that gasoline, an essential goods, directly affecting the production activities of enterprises as well as people’s livelihoods. The gasoline price hugely affects the Consumer Price Index (CPI) which impacts the whole country’s macroeconomy. From the beginning of the year up to now, the local and international gasoline markets have been uncertain affecting the fuel supply and prices in the local market. Currently, the whole country has 38 wholesalers of gasoline, 329 gasoline distributors and nearly 17,000 retail gas stations. In order to strengthen state management in the field of gasoline business , prevent violations in petroleum business activities, and support the authorities in regulating the supply and demand of gasoline, it is necessary to apply information technology in updating data for petroleum trading enterprises across the country related to gasoline … [Read more...] about Vietnam puts gasoline database system into operation to avoid violations
Draft revision to cinematography law debated
Chairman of the NA Committee for Culture and Education Nguyen Dac Vinh (Photo: VNA) Hanoi (VNA) – The 15th National Assembly heard a report on and debated the draft Law on Cinematography (amended) in the afternoon of May 25 as part of its ongoing third session . Presenting the report, Chairman of the NA Committee for Culture and Education Nguyen Dac Vinh said the draft revised law delivers clearer contents on the State’s responsibilities and the participation of organisations and individuals, while amending a number of regulations on film industry development. It specifies that the ratio of foreign investors' capital contribution to Vietnamese cinema establishments for the production, distribution and dissemination of films does not exceed 51 percent of the charter capital to ensure compliance with inter na tional commitments and suitable for the specific factors of the industry, Vinh added. Truong Trong Nghia, a deputy from Ho Chi Minh City, said the import … [Read more...] about Draft revision to cinematography law debated
Conference looks to improve Quang Ninh PCI rankings
Secretary of the provincial Party Committee Nguyen Xuan Ky speaks at the event. (Photo: VNA) Quang Ninh (VNA) – Authorities of the north-eastern province of Quang Ninh held a conference on May 25 on the implementation of tasks and solutions to improve the local business climate and competitiveness. It was also to analysed Quang Ninh’s provincial competitiveness index (PCI) in 2021 and discussed orientations and solutions to sustain good results this year. According to the PCI 2021 report released by the Vietnam Chamber of Commerce and Industry (VCCI), the province gained the highest score of 70.02 percent. This is the fifth year in a row Quang Ninh has topped the charts, and the ninth year it has been in the top five. Addressing the event, Secretary of the provincial Party Committee Nguyen Xuan Ky said Quang Ninh has viewed raising its competitiveness as an important political task, and urged local authorities to step up the settlement of administrative procedures in the … [Read more...] about Conference looks to improve Quang Ninh PCI rankings
7th Corporate Sustainability Index programme launched
The launch of the Corporate Sustainability Index Programme 2022 in Hanoi on May 26. (Photo: VNA) Hanoi (VNA) – The Corporate Sustainability Index (CSI) Programme 2022, the 7th of its kind so far, was launched on May 26, aiming to not only assess enterprises’ sustainability but also encourage them to adopt sustainable practices. Vietnamese consumers now have higher awareness of selecting “green” products and services, so by adopting sustainable practices, enterprises will meet consumers’ demand and also generate long-term benefits for themselves, Nguyen Quang Vinh, Vice Chairman of the Vietnam Chamber of Commerce and Industry ( VCCI ) and Chairman of the Vietnam Business Council for Sustainable Development (VBCSD), told the ceremony in Hanoi. VCCI and its VBCSD have been striving to promote responsible business practices in enterprises, he said, noting that the CSI Programme and the CSI criteria are among those efforts. The set of CSI criteria is not only an … [Read more...] about 7th Corporate Sustainability Index programme launched
Hanoi needs to remove barriers to develop high-tech agriculture
The Hanoi government will improve mechanisms and policies to encourage the participation of the private sector in the field of high-tech agriculture. Hanoi needs to remove two barriers of capital and land to attract businesses to invest in high-tech agriculture, according to local media. Applying high-tech in agriculture is inevitable for the capital city’s farming sector, especially in face of the Industrial Revolution 4.0 which has strong impacts on socio-economic life. In order to remove the agricultural development hindrance, the Hanoi government has implemented a number of solutions such as providing businesses, cooperatives, cooperative groups, farms, and households with money from the city's funds for processing and conservation of high-tech agricultural products. Tending hydroponic vegetables at Duc Phat High-tech Agricultural Cooperative (Thanh Tri district). Photo: Ba Hoat In particular, under the Hanoi Agricultural Sector’s restructuring plan … [Read more...] about Hanoi needs to remove barriers to develop high-tech agriculture
Second bear rescue centre to be built in Vietnam
Animals Asia is carrying out a plan to build its second bear sanctuary in Vietnam which has just been approved by the local Ministry of Agriculture and Rural Development. Visitors watch a bear in Tam Dao National Park in northern Vinh Phuc Province. Photo by Animals Asia According to Animals Asia, the new centre will be built in the Bach Ma National Park, located between the cities of Hue and Danang. It will be a home for 300 gall bears. With this new centre, Animals Asia hopes to rescue these last 300 Vietnamese gall bears, bringing a memorable end to the bear bile industry in Vietnam. The new centre will have a total area of 12.7 hectares with 12 houses for bears and 12 semi-wild areas. The project has an investment of about USD 10.50 million funded by AAF and is expected to be completed by 2026. The second bear sanctuary is planned while the first one located in Tam Dao National Park in northern Vinh Phuc Province is getting overloaded after being … [Read more...] about Second bear rescue centre to be built in Vietnam