State enterprise pharmaceutical factory no 3

The National Assembly will this week discuss how to provide more jobs for Vietnam’s citizens, Photo: Le Toan Over the past seven months, Nguyen Duc Minh has been in a lurch to feed his 4-member family, with his wife having had to stop working since late last year for a garment company in Hanoi. Before that time, Minh had been working for a Japanese company based in the capital’s Thang Long Industrial Park for four years. However, the company, producing electronics and plastics equipment, has made a staff cutback of 150 employees including Minh, whose monthly income was about VND7 million ($300). “The company had to reduce production caused by a decrease in export orders from Japan, South Korea, and some European markets,” Minh said. “I hope to be employed again by the company as I learned that the company is going to recover.” In Dong Anh district’s Kim Chung commune, home to Minh’s family, thousands of unemployed people are commonly seen now. They used to work in Thang Long … [Read more...] about All policies on table to ignite enterprises

The US-protected patents would ensure the firm’s success in the international market. Two new inventions of Viettel Aerospace Institute were granted patents in the US, the Viettel Military Industry and Telecoms Group announced on May 26. The exclusive protection has been granted by the United States Patent and Trademark Office (USPTO) for Viettel’s two inventions in the fields of optoelectronics and materials science. The first is a curved mirror optical system for medium wave thermal imaging devices that was created in 2017, addressing the issue of designing and manufacturing camera cores, thereby minimizing import. The second patent was granted to a method to manufacture composite materials that can withstand high temperatures and harsh conditions for military use. Viettel's engineers are doing research into technology solutions. Photo: Minh Tu Viettel has so far been granted 56 patents in Vietnam and 11 others in the US. According to the … [Read more...] about Vietnamese enterprise receives US exclusive protection for two patents

A roundtable on workplace safety and the quality of meals provided to workers was held by the HCM City Federation of Labour on Thursday. VNA/VNS Photo Thanh Vũ HCM CITY — Trade unions at all levels need to take drastic measures to improve workers’ meals at companies by ensuring employers pay at least VNĐ20,000-25,000 (US$0.85-1.07) for them, a roundtable held by the HCM City Federation of Labour heard on Thursday. With the rising cost of living, the meals procured for workers at an average price of VNĐ15,000 do not provide nutrition, safety or hygiene requirements, delegates said. Decent meals are essential to ensure health as well as productivity, Trần Đức Tài, deputy head of the Tân Bình District Labour, Invalid and Social Affairs Office, said. Trade unions need to work with employers to develop workplace meal programmes that provide decent food to employees, he said. Activities to raise awareness of food quality need to be frequently carried out, he said. Lê … [Read more...] about Trade unions urged to improve quality of workers’ meals at factories

Garment production for export at Kim Dung Textile and Garment Company in District 12, Ho Chi Minh City. (Photo: SGGP) Dependence on imported raw materials Ms. Nguyen Thi Tuyet Mai, Deputy General Secretary of the Vietnam Textile and Apparel Association, said that the total number of enterprises participating in the textile and garment sector in Vietnam, including foreign and domestic enterprises, is more than 7,000. Of which, only 18 percent of them produce fabric materials, 12 percent produce yarn, 2 percent produce other materials, and the rest are garment enterprises. This fact has put the textile industry in front of the challenge of unstable growth due to its dependence on imported raw materials. Currently, each year, Vietnam imports 100 percent of cotton with an estimated value of US$3.2 billion and 60 percent of fabric with an estimated value of $14 billion. The US is the largest cotton and fabric import market of Vietnam, followed by China, Japan, South Korea, and … [Read more...] about Vietnamese textile-garment industry strong but not stable

Processing tra fish for export at a Sao Mai Group factory in the southern province of An Giang. Tra fish exports are projected to surge by 97 per cent year-on-year in the first five months of 2022, reaching US$1.1 billion. VNA/VNS Photo Vũ Sinh HÀ NỘI — Demand for Việt Nam’s tra fish (pangasius) is up in major markets, driving the export of the catfish overseas, reports the Việt Nam Association of Seafood Exporters and Producers (VASEP). Tra fish exports are projected to surge by a whopping 97 per cent year-on-year in the first five months of 2022, reaching US$1.1 billion. Besides exporting to traditional markets such as the US and Europe, seafood exporters have expanded markets to take advantage of the new demand. Specifically, Việt Nam has targetted new fish markets in Mexico, Egypt and Thailand. VASEP expert Tạ Hà said that the Mexican market has the largest export value in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) … [Read more...] about Huge haul in new markets for Việt Nam’s tra fish exports

Processing tra fish for export at a Sao Mai Group factory in the southern province of An Giang. Tra fish exports are projected to surge by 97 per cent year-on-year in the first five months of 2022, reaching US$1.1 billion.— VNA/VNS Photo Vu Sinh Demand for Viet Nam’s tra fish (pangasius) is up in major markets, driving the export of the catfish overseas, reports the Viet Nam Association of Seafood Exporters and Producers (VASEP). Tra fish exports are projected to surge by a whopping 97 per cent year-on-year in the first five months of 2022, reaching US$1.1 billion. Besides exporting to traditional markets such as the US and Europe, seafood exporters have expanded markets to take advantage of the new demand. Specifically, Viet Nam has targetted new fish markets in Mexico, Egypt and Thailand. VASEP expert Ta Ha said that the Mexican market has the largest export value in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) trade bloc. Tra fish … [Read more...] about Huge haul in new markets for Viet Nam’s tra fish exports

Minister of Home Affairs Phạm Thị Thanh Trà at the National Assembly meeting yesterday. Photo thoibaotaichinhvietnam.vn HÀ NỘI — Minister of Home Affairs Phạm Thị Thanh Trà presented a report on a draft law on the implementation of democracy at a grassroots level, as a part of the ongoing third session of the National Assembly yesterday morning in Hà Nội. The minister said that the draft law has new contents. The draft law specifically stipulates the rights and obligations of citizens, cadres, civil servants, public employees and employees in the implementation of grassroots democracy. The provision on the authorisation of grassroots democracy implementation is added. Under the draft, people have the right to complain, initiate lawsuits and denounce violations relating to the implementation of democracy at the grassroots levels. People have the obligation to propose and report to competent authorities when detecting violations in its implementation. In … [Read more...] about National Assembly discusses draft law on the implementation of grassroots democracy

Visitors at the three-day (May 26-28) Smart City Asia 2022 expo being held in HCM City. — VNS Photo Bồ Xuân Hiệp HCM CITY — The newly established Thủ Đức City should strive to become an innovation hub that will attract investments as well as a talented workforce from around the world, officials and experts said at a seminar on Friday. Dương Anh Đức, vice chairman of HCM City People’s Committee, said the city was developing a master plan for Thủ Đức City until 2040, including strategies to create a knowledge-based economy with a highly skilled workforce. It is also developing a centralised database on land use, transportation, canals and other public works in Thủ Đức, he added. Hoàng Tùng, chairman of the Thủ Đức City People’s Committee, said it should be given greater decision making and policy making autonomy to grow its innovation capacity and become more competitive. Nguyễn Thị Đoan Trang, head of Thủ Đức Urban Management Department, said it would be developed … [Read more...] about Innovation hub at the heart of Thủ Đức smart city plan

Vietnam keeps being an attractive investment environment for global investors, with many Indian and Chinese enterprises saying they plan to expand their business in the Southeast Asian country in the next two years, according to an HSBC survey. The UK-based HSBC Holdings plc (HSBC), one of the largest banking and financial services institutions in the world, has recently released the results of a large survey of nearly 1,600 companies from six of the world’s largest economies all of which have operations in Southeast Asia. The survey, ‘HSBC Navigator: Southeast Asia (SEA) in Focus,’ covered 1,596 companies from the U.S., the UK, China, France, Germany, and India. Survey respondents were key decision-makers from companies already doing business in SEA or those considering doing so. These international businesses have strong expectations for continued growth in SEA, including Vietnam, which “has been striding forward in recognition and application of the sustainability agenda.” … [Read more...] about Vietnam remains attractive destination to international investors: HSBC survey

The Economic Committee of the National Assembly has proposed that Vietnam restart a suspended nuclear power project in south-central Ninh Thuan Province to ensure the country’s ability to develop nuclear power in the future and to help achieve its environmental protection goal by 2050. The Economic Committee has submitted a report on the implementation of Resolution 31 of the National Assembly, which was issued to suspend the Ninh Thuan nuclear power project in the namesake province in 2016. In the report, the committee stated that Vietnam would potentially face challenges brought about by electricity shortage in the 2021-25 period. The competitive electricity market has not been developed in a synchronous manner, while the power pricing mechanism has been improved slowly. The country’s power source has yet to guarantee sustainable development and still has a negative impact on the environment. Vietnam previously pledged to reach its net-zero carbon emissions target by 2050 … [Read more...] about Vietnamese legislature’s economic committee proposes restarting nuclear power project