Reinforced 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

That is why InterContinental made a splash in the hospitality industry on September 15 when it announced its first valley resort project in Vietnam. InterContinental Thanh Xuan Valley Resort, which is set to become operational in 2027, is located at the heart of the Thanh Xuan Valley tourist urban area, north of Hanoi. The resort will be situated near Dai Lai Lake, less than a 60-minute drive from the downtown of Hanoi. It boasts easy access to the capital region, which is an important strategic position in industrial and commercial tourism development. The resort is nestled inside a 170-hectare complex that includes a high-end residential area, a park, a 10-kilometre trekking route, a zipline among the pine forest, a bustling downtown, and healthcare and education amenities. With convenient access to on-site amenities, InterContinental Thanh Xuan Valley Resort is qualified as a truly rare destination resort in the northern region. The unique rooms on trees at … [Read more...] about Factors that make Thanh Xuan Valley catch the eye of InterContinental

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