Plastic industries

A component warehouse of a support company in Đồng Nai Province. The industry has around 5,000 companies up and running currently. — VNA/VNS Photo Hồng Đạt Việt Nam's support industry has grown steadily over the past decade to around 5,000 companies, producing components for domestic demand and exports. That remark was made by Phạm Tuấn Anh, Deputy Director General of Industry Agency, Ministry of Industry and Trade, at the workshop "Easing hurdles and boosting the resilience of the support industry" on Friday. He said the companies spared no effort in capacity-building to move up the supply chain. Around 100 had become tier-1 vendors for multinational heavyweights, and 700 had established themselves as tier-2 and tier-3. "Of the companies, Samsung has chosen about 50 as its tier-1 and 170 as tier-2," said Anh. Their growing roles in the supply chain led to higher ratios of made-by-Vietnam components being used in assembly lines. For instance, the ratios have reached between … [Read more...] about Measures to move support industry forward

The European Union is slated to pilot the Carbon Border Adjustment Mechanism (CBAM) from October, aligned with its vision of achieving carbon neutrality by 2050. How do you anticipate the CBAM to impact Vietnam? Melissa MacEwen, sustainability and circular economy director for PwC in Asia-Pacific There are five key sectors under which products are going to be affected, and when products from those areas are imported into the EU, there will be checks based on emissions intensity. This will require independent verification, something which Vietnamese enterprises must prepare for. There are regulations in Vietnam regarding reduction of greenhouse gas emissions and protection of the ozone layer, but they do not yet include independent verification. The CBAM is also an opportunity to keep money within the country. Taking Thailand as an example, this country actually already responded to the potential impact of the CBAM on its sectors and is applying a tax on the same … [Read more...] about Businesses becoming active in the circular economy

Some 20 Vietnamese journalists and officials partook in the training course from September 13 to September 22. A journalistic training course hosted by the Korea International Cooperation Agency (KOICA) in Seoul concluded late this week (September 22). Vietnamese journalists and officials try to produce news at the YTN News. Photo: Hoang Quy/The Hanoi Times The course is the second phase training course for 20 Vietnamese journalists to better implement Government policies. After two weeks, Vietnamese officials at the Academy of Journalism & Communication, officials of the Central Propaganda and Education Committee, the Ministry of Information and Communications, and several local news publishers successfully graduated and obtained certificates from KOICA. Nguyen Duc Toan, Vice Rector of the Academy of Journalism & Communication, said he is grateful for the support of the South Korean Government, KOICA and other organizations. He also … [Read more...] about KOICA training course for Vietnamese journalists ends

K-Pop lovers from all over the country had a chance to treat their ears to their favorite melodies at the "K-Pop I Love 2023" singing contest in downtown Hanoi. The final show of the "K-pop Songs I Love" singing contest, held by the Korea Creative Content Agency Vietnam Office (KOCCA Vietnam), rocked Dong Kinh Nghia Thuc Square in the heart of Hanoi on September 23. Young music lovers throng Dong Kinh Nghia Thuc Square for the concert. Hong Jeong Yong, Chief Representative of KOCCA Vietnam, head of the organizing committee, said that KOCCA Vietnam hopes that the program will be a space to show the passion for K-pop especially for Vietnamese young people. "Through the program, I believe that K-pop in particular and Korean culture, in general, will always be favored by Vietnamese people and Vietnamese-Korean cultural exchanges will be increasingly promoted," he said. There are hundreds of thousands of people in Vietnam who love K-pop (South Korean popular … [Read more...] about K-pop show rocks Dong Kinh Nghia Thuc square

Growth in retail sales in September is expected at 8.2%. Exports will drop 6.2% and imports 7%. Industrial production growth will be up 3.2%. The inflation rate may be 3.2% this month, compared to 3% last month. Tim Leelahaphan, economist for Thailand and Vietnam at Standard Chartered Bank, said: "As the economy is recovering, we will no longer be so dependent on monetary policy." This bank maintains its 2023 GDP growth projection at 5.4%, lower than the country’s 6.5% growth target. Some domestic and international organizations predict Vietnam's growth this year to fluctuate below 6%. … [Read more...] about Economic recovery to continue in Q3: Standard Chartered

Representatives of the Vietnamese community in Bulgaria welcome NA Chairman Vuong Dinh Hue at Sofia International Airport on September 23. (Photo: VNA) Hanoi (VNA) – The official visit to Bulgaria, starting on September 23, by Chairman of the Vietnamese National Assembly (NA) Vuong Dinh Hue is set to further intensify the traditional friendship and multifaceted cooperation between the two countries, including their parliamentary ties. This is the first visit to Bulgaria by a chairperson of the Vietnamese NA in 15 years, since the trip by then NA Chairman Nguyen Phu Trong in 2008. The two countries boast long-standing friendship and cooperation. Bulgaria was one of the first countries in the world to recognise and set up diplomatic ties with Vietnam, on February 8, 1950. The official visit to the European country by then President Ho Chi Minh in August 1957 laid the foundation and marked an important milestone in the history of bilateral relations. Over the last more … [Read more...] about NA leader’s visit set to strengthen traditional, multifaceted ties with Bulgaria

National Assembly Chairman Vuong Dinh Hue meets with representatives of the Vietnamese community in Bangladesh on September 22. (Photo: VNA) Dhaka (VNA) – National Assembly Chairman Vuong Dinh Hue met with representatives of the Vietnamese community in Bangladesh on September 22 within the framework of his official visit to the South Asian country. The top legislator said this is the first visit by a Vietnamese NA Chairman to Bangladesh, and described it as a significant activity when the two nations are celebrating the 50th founding anniversary of diplomatic relations. He reviewed the Vietnam – Bangladesh relations , and briefed the overseas Vietnamese of the outcomes of his talks with the Speaker of the Bangladeshi Parliament, Shirin Sharmin Chaudhury, during which the first-ever cooperation deal between the two legislative bodies was signed in the past five decades. Leaders of both countries affirmed efforts to increase two-way trade from 1.5 billion USD to 2 … [Read more...] about NA Chairman meets with Vietnamese community in Bangladesh

Researchers have discovered 16 new species of the elusive Loboscelidia, a type of parasitoid wasp, following a recent exploration in Vietnam that also uncovered their unique egg-burying behavior, according to ScienceDaily . The findings by scientists from Kyushu University in Japan and Vietnam’s National Museum of Nature were published in the European Journal of Taxonomy. Loboscelidia wasps are 2-5 mm in body length. The discovery has expanded the global count of the species by 30 percent to 67. While unnoticed by people, the wasps perform a vital function in maintaining the balance of the ecosystem. Assistant Professor Toshiharu Mita and Dr. Yu Hisasue of Kyushu University’s Faculty of Agriculture, together with Dr. Pham Hong Thai of the National Museum of Nature in Vietnam, conducted field surveys at six sites across the Southeast Asian country, setting traps and using nets to capture the tiny parasitoid wasps. On one occasion, they trapped a living female from one of … [Read more...] about 16 strange new parasitoid wasp species discovered in Vietnam

The Red Sea's spectacular coral reefs face a new threat, marine biologists warn -- the mass death of sea urchins that may be caused by a mystery disease. Because the long-spined creatures feed on algae that can suffocate corals, their die-off could "destroy our entire coral reef ecosystem", warned scientist Lisa-Maria Schmidt. In Israel's Red Sea resort of Eilat, which borders Jordan and Egypt, Schmidt recalled the moment she and her colleagues first witnessed the population collapse. "When we jumped into the water, all of a sudden all those specimens we used to see before were gone, and what we saw was skeletons and piles of spines," she told AFP . The team had first heard reports in January that a sea urchin species off Eilat was dying rapidly, so they went to a site known for an abundance of the species Diadema setosum. They first thought that local pollution could be to blame. But, within two weeks, the spiny invertebrates also started dying down the coast, including … [Read more...] about Red Sea corals threatened by mystery sea urchin deaths

A shrimp festival will be organized in Ca Mau Province, the southern tip of Vietnam, for the first time between December 13 and 16, featuring shrimp-eating and octopus-catching competitions. Such distinctive contests will promisingly please visitors during the fest. Other activities, including a shrimp-drawing contest, a fishery guessing game, and a program of making sea creatures with coconut leaves, will delight revelers. Tran Hieu Hung, director of the Ca Mau Province Department of Culture, Sports, and Tourism, said on Sunday that the event will also treat visitors to a seafood fest alongside seafood-based contests. The province is planning to invite 42 provinces and cities nationwide to join the festival and exhibit their main products. “The event will feature various cultural spaces and miniatures of seafood, while music shows and art performances will be held during the festival,” Hung said. The fest, which is expected to attract some 10,000 participants, will help … [Read more...] about Vietnam’s southernmost province to delight visitors with shrimp-eating, octopus-catching contests