Made in china factory

The approval of Vietnam’s circular economy development plan, announced in June, aims to help reduce greenhouse gas emissions by 15 per cent of GDP by 2030 (as compared to 2014). The commitment at COP26 by Vietnam to achieve net-zero carbon emissions by 2050 is considered the main call for investment into green technologies and friendly-environmental projects, as well as approval of plans such as the aforementioned circular economy one. These messages have sent a strong signal regarding the country’s direction towards low-carbon, green development, and a circular economy, and could be a new driving force for Vietnam’s sustainable socioeconomic development, helping to improve its competitiveness and foreign direct investment (FDI) into the country. While governments have committed to lowering CO2, companies are also following suit for the good of the planet, Photo: Shutterstock As a result, numerous groups have made decisions in terms of investment and other operations … [Read more...] about Green standards top policies for fresh foreign ventures

Washington and Taipei unveiled the U.S.-Taiwan Initiative on 21st-Century Trade in June, just days after the Biden administration excluded the Chinese-claimed island from its Asia-focused economic plan designed to counter China's growing influence. The office of the U.S. Trade Representative said the two sides had "reached consensus on the negotiating mandate" and it was expected that the first round of talks will take place early this autumn. "We plan to pursue an ambitious schedule for achieving high-standard commitments and meaningful outcomes covering the eleven trade areas in the negotiating mandate that will help build a fairer, more prosperous and resilient 21st-century economy," Deputy United States Trade Representative Sarah Bianchi said in a statement. The negotiating mandate released along with the announcement said the United States and Taiwan have set a robust agenda for talks on issues like trade facilitation, good regulatory practices, and removing discriminatory … [Read more...] about US, Taiwan to start formal trade talks under new initiative

On August 12, the Danang People's Committee in collaboration with State Committee for Overseas Vietnamese Affairs (SCOV) held a seminar in Ho Chi Minh City to introduce Danang’s investment climate. The event attracted overseas Vietnamese to participate online from 19 countries and territories including the United States, Canada, Japan, South Korea, China, Taiwan, Australia, Germany, Russia, Poland, Slovakia, England, France, Italy, Belgium, Switzerland, Hungary, Thailand, and Mongolia. The event also saw the participation of 100 enterprises run by Vietnamese abroad. At the seminar, Do Thi Quynh Tram, deputy director of the Investment Promotion and Support Department shared a report about Danang’s strategies for development and called for investment in the city. The report covers preferential policies as well as projects calling for investment in the fields of high-tech industry, IT, supporting industries, and industrial park infrastructure construction. She also … [Read more...] about Overseas Vietnamese strengthen Danang’s investment climate

At 10:00 local time (14:10 Vietnam time), the Vietnamese second tank crew entered the competition with their rivals from Uzbekistan, Kazakhstan, Venezuela at Alabino training ground on the outskirts of Moscow, Russia. The crew included head of the crew Major Vu Ba Trong, gunner non-commissioned First Lieutenant Le Quang Hiep, and driver non-commissioned First Lieutenant Dao Ba Tu. After the conclusion of the competition, the referee board met and announced the official results of participating contingents. In particular, the second tank crew of the Vietnam People’s Army shot down four targets and reached the finish line after 32 minutes 21 seconds. The second tank crews of Uzbekistan, Kazakhstan, and Venezuela completed the race after 22 minutes 53 seconds, 26 minutes 35 seconds, and 40 minutes 15 seconds, respectively. Earlier, in the August 13 competition, the Vietnamese first tank crew also downed four targets and finished the race after 34 minutes 50 seconds. The third tank … [Read more...] about Vietnam’s second tank crew destroys four targets

Vietnamese Defense Minister General Phan Van Giang delivered a pre-recorded speech at the second session of the conference. The MCIS-10 draws the participation of 700 delegates from 70 countries and six international organizations. During the event, there will be plenary sessions with topics on global security in a multipolar world, and regional issues amid global security: Asia-Pacific, Africa, Middle East, and Latin America. In his video address, Russian President Vladimir Putin emphasized the significance of the conference in consolidating peace and stability in the region and boosting partnership and dialogues in a constructive manner. Russian Minister of Defense Sergei Shoigu also had an opening speech at the event. In his pre-recorded speech at the second plenary session of the conference, Vietnamese Defense Minister Phan Van Giang spoke highly of the MCIS, saying that it is an important multilateral forum for participating countries to exchange points of view on … [Read more...] about Vietnam attends 10th Moscow Conference on Int’l Security

The Vietnamese delegation, led by General Ngo Xuan Lich, member of the Politburo, Deputy Secretary of the Central Military Commission, Minister of National Defense, attended the conference. The conference focused on global and regional security issues, counter-terrorism, security in Europe and the Middle East, the situation in the Asia Pacific region, and the role of multilateral cooperation mechanisms in dealing with challenges. Russian President Vladimir Putin sent to the conference a message, which was read by Nikolai Patrushev, Secretary of the Security Council of Russia, at the opening ceremony of the conference. In his opening remarks, General Sergei Shoigu, Russian Minister of Defense, reviewed issues in Russia’s relations with NATO, countries inside and outside the region, and traditional partners in Asia Pacific. He stressed that Russia’s strategic partnership with China, India, Vietnam, Laos, and Myanmar is practical, and Russia is promoting partnership with Brunei, … [Read more...] about Seventh Moscow Conference on International Security opens

Dry port in Udon Thani (Source: Bangkokpost) Bangkok (VNA) - The Industrial Estate Authority of Thailand (IEAT) has said that it is planning to develop a dry port in Udon Thani, with the aim of developing the northeast province into a centre for regional land transport, linked with the Chinese-Lao high-speed train system. According to the IEAT’s leader Veeris Ammarapala, the new inland transport facility will support trade among provinces in the northeast and the Thai economy. This port will also improve the efficiency of Thai logistics and land transport via roads and railways, he said. The IEAT is also confident the dry port in Udon Thani has the potential to serve ASEAN as a new transport hub in the future because Thailand is located in mainland Southeast Asia, surrounded by Myanmar, Laos, and Cambodia, with southern China nearby. The IEAT said the new dry port can be linked with Laemchabang deep-sea port in Chon Buri and Map Ta Phut deep-sea port in … [Read more...] about Thailand eyes to own regional land transport centre

Hanoi (VNA) – The PetroVietnam Camau Fertilizer JSC (PVCFC) will halt the operation of its fertiliser factory for maintenance from August 18 to September 4, the firm has announced. Nguyen Duy Hai, Director of the factory, said that the firm has mobilised more than 1,000 staff from contractors and experts serving the maintenance. This is a regular work with the highest number of items ever. However, it has prepared plans to ensure the supply of fertilisers to farmers ahead of the upcoming Winter-Spring crop . In order to ensure the supply of high-quality fertilisers to farmers in the crop, the PPVCFC has designed production and transport plans to provide its products to all regions across the country. For the crop, the company has prepared over 350,000 tonnes of fertiliser of all kinds such as urea, NPK, and OM Ca Mau organic fertiliser./. VNA … [Read more...] about PVCFC ensures fertiliser supply despite 14-day maintenance

Production recovery An increasing number of multinational corporations are raising capital and/or moving production to Vietnam. Data from the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment showed that by the end of June 2022, the capital of newly registered projects, increases in the capital of ongoing projects and capital contribution and stock purchases by foreign investors totaled over US$14.03 billion, equivalent to 91.1 percent over the same period in 2021. Foreign direct investment (FDI) projects were estimated to have disbursed US$10.06 billion, an increase of 8.9 percent compared to the same period in 2021. Foreign enterprises are interested in high-tech manufacturing in Vietnam RSM Vietnam Chair Le Khanh Lam said foreign investment has always been the main driving force for Vietnam’s economic growth. Despite the impact of the COVID-19 pandemic over the past two years, Vietnam is regaining its growth momentum, with the … [Read more...] about Vietnam draws increased foreign investment

Hanoi, (VNA) – The following is a brief review of the day’s events as reported by the Vietnam News Agency on August 17. – Prime Minister Pham Minh Chinh reaffirmed the importance of developing high-quality human resources for agriculture, while attending an innovation event and job fair of the Vietnam National University of Agriculture (VNUA) in Hanoi on August 17. The Government leader and others visited an exhibition of scientific and technological models and products by the VNUA’s businesses and partners. Read full story – Deputy Prime Minister Vu Duc Dam on August 17 asked the Ministry of Culture, Sports and Tourism (MCST) to review the operation of household businesses in the tourism sector affected by the COVID-19. The ministry should coordinate with core travel firms to form key routes connecting localities, the official said at a meeting of the State Steering Committee for Tourism in Hanoi which assessed the implementation of tourism recovery solutions. Read full … [Read more...] about ☕ Afternoon briefing on August 17