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Phan Quang Vinh, head of Marketing for RX Tradex, said that in addition to annual activities, the Vietnam Electronics Forum 2022 is a focal event before Vietnam’s only SMT Exhibition on Testing Technologies, Equipment and Supporting Industries for Electronics Manufacturing (NEPCON Vietnam), which is scheduled to take place from September 14-16. It will feature electronic components, cell phone components, flat panel display modules, applications, automotive components, component manufacturing technology and more. The forum is part of a series of events and practical activities to support electronics firms in production, market expansion, access to international business opportunities and participation in global supply chains. As the COVID-19 pandemic is brought under control and trade and production activities are recovering, the exhibition will provide opportunities for Vietnamese electronics firms to meet potential partners from all over the world and learn new market trends. … [Read more...] about Major electronics show scheduled in Hanoi

According to the Ministry of Finance, the disbursement of the state budget capital as of the end of July stood at nearly $8.1 billion, accounting for 34.47 per cent of the yearly plan and a slight on-year reduction. Of this, one centrally-run agency and 11 localities reported disbursement at more than 50 per cent, 17 ministries and agencies have reported less than 10 per cent, and the remaining met the national average. Some major infrastructure projects are delayed and costs are only going to go up in that case, Le Toan Specifically, in Ho Chi Minh City, the disbursement of public investment in the first seven months accounted for about 15 per cent of the total allocated capital or almost $1.4 billion. This figure includes $108 million from the central budget and $1.28 billion from local funds. Many important works in the city have yet to expense anything, including one project for green traffic development, a water improvement initiative in the Tau Hu-Ben Nghe-Doi-Te … [Read more...] about Direction for disbursement tightened after mixed results

A new beachfront park on Nguyen Tat Thanh Street, which runs along the coast in Da Nang City, opened to the public this week as part of a larger plan to create more public beachfront spaces in the coastal city. According to the plan, three more beachfront parks are scheduled to open by the end of this year, and the city government is currently working with investors to build a public path to the Ngu Hanh Son coastal area. Public support for new parks For decades, Nguyen Van Tuan, 57, has spent his mornings cycling on Nguyen Tat Thanh Street and swimming at local beaches. As a longtime resident, the new park, named Ha Khe Park, is a very welcome treat. “In the past, the area was full of garbage and weeds. People would often just use the area as a toilet. “Now, it’s completely different. Everyone enjoys the new park,” said Tuan. Ha Khe has also become an evening gathering spot for local residents looking to enjoy the new outdoor space once the sun sets and temperature … [Read more...] about Da Nang prepares to open beachfront parks to public

Representatives of HSBC and Ree signed a loan agreement. — Photo coutersy of HSBC HSBC Bank (Vietnam) Ltd is the sole bank to arrange a green loan of VND900 billion for the Refrigeration Electrical Engineering Corporation (REE Corporation). This loan deal will help one of the Vietnamese leading multi-sector corporations complete E-Town 6, a high-rise office building that has earned the LEED Platinum certification for its sustainable design. This is the first time HSBC has arranged a green loan to finance a real estate project for a Vietnamese corporate. The seven-year term loan has reaffirmed HSBC’s leading position in providing sustainable financial solutions to businesses in Viet Nam. To achieve this green financing, REE Corporation completed HSBC’s stringent credit approval and management process of sustainable funding. The process is overseen by HSBC Asia Pacific Sustainable Loans Committee, the dedicated body of the bank with rich experience in successfully arranging … [Read more...] about HSBC Vietnam grants bilateral green loan to REE Corporation

The Ministry of Transport has announced a plan to strengthen inspection and crack down on taxi drivers' illegal practices, such as enticing passengers, overcharging or refusing to take passengers at the country's busiest airport, Tân Sơn Nhất International Airport in HCM City. Taxis enter to pick up passengers at HCM City's Tân Sơn Nhất International Airport. Deputy Minister Lê Anh Tuấn has urged inspectors from the city's Department of Transport, in cooperation with leaders of the Tân Sơn Nhất International Airport and the Southern Airport Authority, to punish taxi drivers who refuse to take passengers, as well as those who impose unreasonably high extra charges. Tuấn has also asked units to arrange pick-up and drop-off areas, creating favourable conditions for buses, taxis, and app-based vehicles to park, pick up and drop off passengers. This is among measures taken to solve the recent overcrowding at the country's busiest airport, with … [Read more...] about Transport ministry clamps down on taxi drivers overcharging at Tân Sơn Nhất Airport

A strong business community will build an independent and highly resilient economy. Localities are expected to further create a favorable environment for business operation, especially in simplifying administrative formalities and avoiding petty corruption. Prime Minister Pham Minh Chinh at the conference. Photos: Nhat Bac Prime Minister Pham Minh Chinh stressed the view during a conference between the Government’s leader and business community on August 11, which drew the participation of 1,200 delegates from a business association and local companies. According to Chinh, more than two years since the outbreak of the Covid-19 pandemic, Vietnam has now put the situation under control and maintained positive growth. Vietnam’s GDP  during the six months expanded by 6.42%, higher than the 5.74% rate in the same period last year, and equivalent to the growth rate recorded in the pre-pandemic period 2016-2019 (6.38%). In addition, Chinh also pointed out high … [Read more...] about PM urges favorable environment for businesses

Major General Nguyen Van Gau, Deputy Director of the General Department of Political Affairs of the Vietnam People’s Army and head of the delegation, together with Secretary of the Thanh Hoa Provincial Party Committee and Chairman of the Provincial People’s Council Do Trong Hung co-chaired the session. Reportedly, the resolution has been comprehensively implemented with significant results over the past 10 years. The Party committees and authorities at all levels have built plans, assigned tasks to each agencies, and concretized the resolution to appropriate measures, contributing to maintaining security and social order and safety in the locality. The socio-economic situation of the province has been stable while the people’s living conditions have increasingly improving and the whole-people great unity bloc has been reinforced. These results have created combined strength to firmly build the whole-people’s defense posture in line with the people's security posture, contributing … [Read more...] about MND reviews implementation of Fatherland protection strategy’s resolution in Thanh Hoa

At the conference on August 11, MPI Minister Dung said that thanks to the control of the pandemic and the maintenance of macroeconomic stability, the business sector has reported a positive recovery recently. As of July, the whole country had about 871,000 operating enterprises with tax incurred, an increase of nearly 13 per cent compared to 2021. In the first seven months of 2022, the number of enterprises entering and returning to the market, as well as additionally registered capital into the economy, increased sharply. The number of enterprises entering and re-entering the market was over 130,000 enterprises, an increase of 26.8 per cent on-year, 1.4 times higher than the number of enterprises withdrawing from the market. The total registered capital added to the economy in the first seven months of 2022 reached over $143 billion, an increase of over 37 per cent on-year. According to reports from business associations, the market has recovered over 75-85 per cent compared … [Read more...] about Utilising every opportunity to grow and overcome challenges

An old architecture work in Hanoi (Photo: VNA) Hanoi (VNA) – The Department of Construction, Planning and Architecture of Hanoi has announced a plan to preserve 92 unique architectural works in the city. This will include 30 works managed by the municipal administration, 50 State-managed architectures, and 12 built before 1954. Under the plan, relevant agencies will be responsible for planning conservation and embellishment of architectural works; and building projects for managing, evaluating and verifying the quality of those to submit to the municipal People's Committee. The municipal administration will continue to guide the districts to maintain, renovate and repair a number of old architectural works built before 1954. According to the municipal People’s Committee, Hanoi has 1,216 works that are being managed in accordance with regulations on managing and using architectural works built before 1954 in the city./. VNA … [Read more...] about 92 old architecture works in Hanoi to be conserved

Delegates discuss issues related to sustainable development at the ‘Good for Business, Good for Planet’ seminar held in HCM City on Wednesday. — VNS Photo Shifting to green growth would help businesses increase their competitiveness and catch up with trends in the domestic and foreign markets, delegates told a seminar in HCM City on Wednesday. As one of the world's most vulnerable countries to climate change, Viet Nam has made multi-dimensional efforts to drive the whole nation towards its collective goal of reaching net zero greenhouse gasses emissions targets, achieving sustainable development, and contributing to tackle the global climate change crisis, they said. Speaking at the ‘Good for Business, Good for Planet’ seminar held by Nhip Cau Dau Tu magazine, Tim Evans, CEO of HSBC Vietnam, said, “The green journey that Viet Nam has embarked on is bringing both opportunities and challenges. Those businesses who get onboard early can capture major opportunities and build a … [Read more...] about Going green gives businesses a competitive advantage