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As part of this partnership, APM Terminals will provide financial, operational, and technical support to HATECO with the aim of facilitating direct imports and exports between Vietnam's north and European and American markets. The project is expected to create attractive opportunities for key customers and cargo owners in the north of Vietnam. APM Terminals announces strategic partnership in Vietnam Tran Van Ky, chairman of HATECO Group, commented that the company is proud to partner with APM Terminals and Maersk, who have been chosen for their aligned visions and capabilities to add value, both commercially and operationally. "This project is the largest and most modern container port facility in Vietnam," Ky said. "We are very pleased to partner with HATECO on this important project and to further our goal of growing where it benefits our customers. We believe in the win-win partnership with HATECO, which will create synergies between local expertise and our … [Read more...] about APM Terminals announces strategic partnership in Vietnam

The CEO and Regional Head, Client Coverage, Americas, Standard Chartered, shared his view on Vietnam's significance for US businesses and why Vietnam is potential for foreign investors. Vietnam has gone from being a frontier economy in ASEAN to a flourishing, cost-effective industrial nation. Firms and investors looking for new markets to grow, source, or manufacture their products – especially in Asia – should consider Vietnam’s long-term potential and stay updated on its opportunities. Steven Cranwell, CEO and Regional Head, Client Coverage, Americas, Standard Chartered. Photo: Standard Chartered In recent years, Vietnam has benefited from the trade tensions between the US and China. With US companies adopting a ‘China plus one’ approach to their supply chains, the percentage of exports from Vietnam to the US has risen by approximately nine percent between 2018 and 2021. It is, however, important to note that Vietnam has been an alternative to China … [Read more...] about The significance of Vietnam for US businesses and why they should take notice: Standard Chartered

It is evident that organic production methods yield better economic returns and enhance the quality, competitiveness, and value of agricultural products. Hanoi has successfully implemented several organic farming models that align with modern agricultural development trends and have brought significant economic benefits to farmers. Organic rice cultivation model in Thanh Van Commune, Thanh Oai District, Hanoi. Photos: Anh Ngoc/The Hanoi Times In 2022, the Hanoi Agricultural Extension Center launched an organic rice production model on 20 hectares of land in Thanh Van Commune and Kim Bai Town, Thanh Oai District, according to which the production process involves the use of organic fertilizers and biological products instead of chemical fertilizers and pesticides in the rice area. A yield of 5,730 kg per hectare using organic production has been achieved with this approach. This model is expected to be replicated in other communities in the district this … [Read more...] about Hanoi promotes high-quality organic farming models

The phase will be implemented in Cao Bang, Kon Tum, and Ninh Thuan provinces, aiming to empower ethnic youth, especially girls and young women, in boarding secondary schools and neighboring communities to overcome stereotypes and to voice and act on their dreams, hopes, and aspirations in education. Speaking at the event, Justine Sass, Chief of the Section of Education for Inclusion and Gender Equality of UNESCO Headquarters in Paris, said that education can be a true source of empowerment when it addresses the gender-based barriers, stigma, and discrimination that hold learners back from fulfilling their right to education and future life, work and leadership opportunities. “We must harness education's power to unlock the potential of learners in all of their diversity and transform educational institutions to achieve just, equal, and inclusive societies,” she shared. UNESCO Representative to Vietnam Christian Manhart said that the project is expected to contribute to the … [Read more...] about UNESCO continues promoting education for ethnic girls

What is the role of banks in green growth? Banks will have a crucial role in driving green growth in Vietnam. One of the main roles will be enabling project financing. Billions of dollars worth of investments will flow into the renewable energy sector over the next few years. Banks will help facilitate that flow. This is critical moving forward. Over the past five years, Vietnam has issued $220–230 million of green bonds. On a cumulative basis, three other countries, namely Indonesia, Thailand, and Malaysia, have issued over $40 billion of green bonds in the same period. The issuance of those bonds is done by banks. What we've observed in these countries is the setup of a clear regulatory framework that provides the ability to issue those bonds on a larger scale. This has not been at the top of the list of priorities for banks in Vietnam, which are focusing on other essential things. What can the Vietnamese banking sector do to accelerate green growth? I think it … [Read more...] about Vietnamese banks urged to embrace green financing

The Ministry of Planning and Investment (MPI) is urging a project steering committee to accelerate the transition of traditional industrial parks (IPs) to an ecological model as part of a nationwide eco-IP intervention initiative. Deputy Minister of Planning and Investment Nguyen Thi Bich Ngoc said, “The project has contributed to the replication of the eco-IP model in Vietnam, in line with the National Green Growth Strategy for 2021-2030, Vietnam’s commitment to the United Nations’ Sustainable Development Goals, and the net-zero emissions commitment to 2050.” Private sector urged to enter eco-IP arena, illustration photo. Developing eco-IPs is inevitable as many countries are applying the carbon tax mechanism on imported goods, the deputy minister added. “Meanwhile, many tenants in IPs are manufacturers for export, and they need a green certificate to export products. Thus, relevant parties continue to spread technical and financial support to many IPs at different … [Read more...] about Private sector urged to enter eco-IP arena

Nalin Wickramasingher, Powerledger's BD and Sales Executive, and Le Thi Phuong Cam (L), EVNCPC's Deputy General Director, announced the partnership. (Photo courtesy of Powerledger) Hanoi (VNS/VNA) - Australian energy trading technology company, Powerledger, on March 28 announced it’s partnering with Vietnam Electricity Central Power Corporation (EVNCPC) to launch Vietnam's first peer-to-peer (P2P) energy trading project at the Australia-Vietnam Forum on Energy Transition. The initial 6-month trial will see Powerledger’s technology used by so-called “prosumers” with rooftop solar in central Da Nang city and Quang Nam province to sell electricity directly to consumers. “This project is a major step for Vietnam. It will showcase how, with the right technology, issues of intermittency and grid congestion can be overcome whilst still growing renewables. Everyone on both sides of the partnership is looking forward to the results,” said Powerledger Chairman Dr Jemma Green. … [Read more...] about Vietnam’s first blockchain peer-to-peer energy trading project launched

An unbelievable story: A telecommunication business developing high-tech defense industry When Viettel started building its airborne warning system, military units of Vietnam were capable of upgrading old-generation radars only. In the world, only eight countries with strong defense industry sectors were able to build the system from scratch then. Overcoming numerous challenges, Viettel successfully manufactured its first complete radar, which was accepted by the Ministry of National Defense and put into mass production in 2014. Subsequently, the company achieved several significant milestones, such as exporting its radar products labeled "Made by Viettel" in 2017 and producing maritime warning radars that meet the standards of advanced countries in 2018. The radar system was one of many high-tech defense products made by Viettel at the time. Over the last 13 years, the company has researched and produced numerous military and civilian technological "Made in Vietnam" products. … [Read more...] about Viettel – A high-tech defense industrial center of Vietnam

Vietnam has benefited from the trade tensions between the United States and China. With US companies adopting a China-plus-one approach to their supply chains, the percentage of exports from Vietnam to the US has risen by approximately nine per cent between 2018 and 2021. Steven Cranwell, CEO and Regional Head, Client Coverage, Americas It is, however, important to note that Vietnam was an alternative to China for general manufacturing in Asia long before the pandemic, and its long-term prospects remain bright. Despite the uncertainty of global economic conditions, many remain confident in Vietnam’s outlook. The country’s business-friendly atmosphere, its strategic location as a gateway to other fast-growing markets, the plentiful supply of skilled labour, and the competitive costs and incentives are compelling propositions for companies looking to expand their manufacturing in the region. While Vietnam has yet to host an Apple plant, the country is already home to … [Read more...] about The significance of Vietnam for US businesses and why they should take notice