Businesses can do well to create a sustainable strategy by researching uncertainties to their performance in terms of physical climate risks, and those of regulatory change The current model of the economy, the linear economy, has been based since the 18th century solely on the form of extraction, use, and waste of resources. This economic model has had a negative impact on the balance of the planet over the last 50 years, putting the natural cycle at risk. Miguel Santos The green and circular economies as sustainable economies could be part of the solution to climate change. The green economy concept, defined as welfare and social equity, can reduce risks to the environment and resource scarcity. This economic model can provide an increase in the quality of life within the ecological limits of the globe, allocating economic, social, and environmental considerations into a sustainable development. The circular economy model is highlighted between two cycles, the technical … [Read more...] about The risk in ignoring climate change
Supply chain risk management
Economies look to spread trade risks
Economies look to spread trade risks, illustration photo source AFP The latest date from the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment showed that in the first five months of this year, Vietnam attracted 233 new Chinese investment projects registered at $1.56 billion. If additionally-registered capital from China’s operational projects and stake acquisitions is included, the total new capital from Chinese investors was $2.02 billion, accounting for 12 per cent of Vietnam’s total newly-registered foreign direct investment (FDI) volume, and turning China into the fourth-largest foreign investor of Vietnam, trailing behind Hong Kong, South Korea, and Singapore. As a result, there are many large-scale investment projects on electrics, supporting industries, tyres, mechanical production, furniture, glass, and textiles and fabrics. “Amid global tensions due to the uncertain outcome of the US-China trade dispute, … [Read more...] about Economies look to spread trade risks
FIEs open doors to global supply chain
Multinational corporations are investing a vast amount in Vietnam in line with its new-generation FDI attraction strategy, Photo: Le Toan A number of leading multinational corporations (MNCs) in the automotive, electronics, energy, and household appliance sectors are paying more attention to the acceleration of the linkage process by helping local companies become their suppliers, while enabling existing suppliers to expand their business and share of added value. Such major names include Samsung, Bosch, Canon, Ford, GE, Panasonic, and Toyota. For example, the high-tech manufacturing base of the US’ GE in the northern port city of Haiphong is planning to increase the localisation rate to 20 per cent, thus bringing in more opportunities for Vietnamese suppliers. Similarly, Panasonic Vietnam is also among the Japanese enterprises who previously found it hard to choose Vietnamese businesses as suppliers. The firm is trying to improve the situation. “We are happy to work … [Read more...] about FIEs open doors to global supply chain
Vietnamese firms have potential to join in global supply chain
Châu Bá Long, General Director of Minh Nguyên Support Industry Joint Stock Company. — VNS PhotoViet Nam News Although it is not easy to participate in the supply chain of multinational corporations, Vietnamese enterprises are fully capable of supplying large companies. Châu Bá Long, General Director of Minh Nguyên Support Industry Joint Stock Company in HCM City, one of the few tier-1 suppliers of Samsung Việt Nam, talks about the experience of an enterprise operating in this field. Some have said Vietnamese firms can’t make simple components like screws when talking about Việt Nam’s support industry in recent years. Do you think this statement is still true? I don’t think so. There have been many Vietnamese suppliers of electronic components. For example, Samsung Việt Nam, which is not only a factory for assembling electronic components but also directly manufactures important electronic spare parts. Thanks to … [Read more...] about Vietnamese firms have potential to join in global supply chain
Public-private-partnerships to develop value chain in agricutlture: Bayer Vietnam
Modern technologies help farmers improve yields. Viet Nam seeks to become one of the 15 most developed agricultural economies in the world. — VNS Photo At the World Economic Forum on ASEAN (WEF ASEAN) held in Ha Noi last month, Vietnamese leaders called for greater private sector involvement to transform agriculture in Southeast Asian countries including Viet Nam by using the latest technologies. Viet Nam also revealed its goal of becoming one of the 15 most developed agricultural economies in the world. Viet Nam News spoke with Kohei Sakata, General Director of Bayer Vietnam, to understand how the company perceives the importance of digitising agriculture and its investment in the sector in Viet Nam. Viet Nam and the world are entering a new era of technology. How do you see the importance of digitising agriculture, especially in Viet Nam? Kohei Sakata, General Director of Bayer Vietnam As a matter of fact, the globe, including Vieät Nam, is entering the Industry 4.0 era, … [Read more...] about Public-private-partnerships to develop value chain in agricutlture: Bayer Vietnam