Sustainable industrial development

Vietnamese people's cultural and human values should be central to the capital’s industrialization process. Hanoi aims to spearhead the nation's industrialization and modernization until 2030, with an eye on 2045. Hanoi has seen major transformation over the years. Photo: Pham Hung According to the municipal Party Committee, the goal of the plan is to transform the mindset and build consensus in the political system and people to achieve socioeconomic development objectives. The Party Committee emphasized the use of science-technology and innovation, specifically Industry 4.0 advancements, as a key solution for the country’s modernization in the 2021-2030 period. “This would help Vietnam to make breakthroughs in productivity and improve the economy's competitiveness,” stated the plan. For Hanoi, the plan identifies key targets for economic growth, enhancing socio-cultural values, urban development, and environmental protection. By 2030, Hanoi and other … [Read more...] about Hanoi to spearhead the nation’s industrialization efforts until 2030

Responsible and Sustainable direction giving wings to Vietnamese tourism development The survey results also indicate that up to 57 per cent of respondents said that they have had a different thought about tourism is done, especially because it is related to the local economy, community, culture, and environment. Responsible and sustainable tourism is becoming more important, and the needs and preferences of tourists is also changing. Instead of noisy and prosperous tourist destinations, many people are looking for peaceful countryside and experiences of discovery, close to nature and good for health, in accordance with the projects on development of national parks and protected areas in Vietnam. Among the sustainable tourism models often mentioned in recent years, models that focus on exploiting simple and healthy natural experiences such as agritourism, farmstay, or glamping are special models to attract the attention of both tourists and investors. As a model of farm … [Read more...] about Responsible and sustainable direction giving wings to Vietnamese tourism development

Greener trade and investment is crucial to tackling climate change in Asia and the Pacific and will require governments in the region to work together more closely, according to a new report by the Asian Development Bank (ADB). While trade and investment have fueled remarkable economic growth in Asia in recent decades, it has also led to large increases in carbon dioxide emissions in the region—which is more vulnerable to the effects of climate change than any other. Reversing this trend will require measures such as promoting trade in environmental goods and services, nurturing green businesses, developing carbon pricing mechanisms, and strengthening regional cooperation through trade and investment agreements, according to the Asian Economic Integration Report (AEIR) 2023, released by ADB today. “Asia and the Pacific’s remarkable growth has lifted millions of people out of poverty, but this has come at an environmental cost,” said ADB Chief Economist Albert Park. “The region now … [Read more...] about Sustainable trade and investment key to Asia and Pacific’s green future

The awards ceremony of the Zayed Sustainability Prize. — Photo Courtesy Zayed Sustainability Prize The Zayed Sustainability Prize has announced that the 2024 cycle is now open for submissions for candidates from all over the world, including Viet Nam. The prize, which accepts submissions until May 2 through the prize’s online portal, is the UAE’s pioneering global award for recognising excellence in sustainability. Small to medium-sized enterprises, non-profit organisations and high schools with sustainability solutions are invited to submit an entry for consideration in one of the five categories of health, food, energy, water and global high schools. The prize’s US$3 million fund rewards winners US$600,000 in each category. The global high schools category is split into six world regions, with each school able to claim up to $100,000 to start or further expand their project. The Zayed sustainability prize has a three-stage evaluation process, beginning with the due … [Read more...] about Zayed Sustainability Prize opens submissions for 2024 cycle

The conference touched upon the implementation of the Government’s action plan to materialize the Politburo’s Resolution No.26-NQ/TW dated November 3, 2022 on orientations for socio-economic development and national defense and security in the two regions by 2030 with a vision towards 2045. It was also intended to promote investment in the regions with the theme of “Linkage - Breakthroughs from maritime economy - Rapid, sustainable development.” The regions hold strategic positions and roles of special significance in terms of economy, especially maritime economy, politics, culture, social affairs, environment, external relations, national defense and security, as well as sea and island sovereignty, the Prime Minister pointed out. Notably, they are home to five cultural and natural heritage sites, and six intangible cultural heritage elements recognized by UNESCO, he said. The leader, however, expressed his concern that such unique potential and competitive advantages have yet to … [Read more...] about Prime Minister asks north-central, central coastal regions to create development breakthroughs

Vo Tri Thanh *Vo Tri Thanh Viet Nam achieved and exceeded 14 out of 15 targets assigned by the National Assembly for 2022 with many impressive numbers including GDP growth, export turnover and the number of newly-established and re-opened businesses. Only labour productivity was under expectations. Viet Nam’s labour productivity was expected to increase by between 4.7 per cent and 5.2 per cent on average in 2022, higher than the average growth rate of 4.7 per cent in 2021 but behind the target of 5.6 per cent set for the whole of 2022. On January 10 this year, the Government issued Resolution No 06/NQ-CP on the development of a modern, efficient, sustainable and integrated labour market serving quick socio-economic recovery, setting the average labour productivity target for 2023 at more than 6.5 per cent. Labour productivity is an important economic indicator that is closely linked to economic growth, competitiveness and living standards within an economy. According to … [Read more...] about Viet Nam wrestles with labour productivity issue when heading to innovation-based development

According to chairman of the Vietnam Real Estate Brokers Association Nguyen Van Dinh, Vietnam’s real estate market is not repeating the crisis cycle which occurred in 2012. Varying factors to determine the fate of real estate, photo baodautu.vn “Currently, urban development is high and infrastructure investment is taking place strongly, along with the rocketing increase demand for housing. So the demand for investment in real estate is rather high. These are the factors that create a great motivation for the market’s ability to recover,” Dinh told VIR. Banking and finance expert Can Van Luc added that the market will be revived by the end of the year. “When banks have new credit room, real estate will see more transactions from homebuyers. Real demand is expected to be a bright spot during the year,” Luc said at a forum on forecasting the real estate market organised by the Vietnam Real Estate Association in Hanoi on January 3. Do Thu Hang, senior director of … [Read more...] about Varying factors to determine the fate of real estate

The conference featured Prime Minister Pham Minh Chinh, and top government officials, including minister of Planning and Investment Nguyen Chi Dung and minister of Industry and Trade Nguyen Hong Dien. The 2.2GW Son My 2 CCGT power plant will be located in Binh Thuan province. The $1.8 billion plant will have a 20-year contract with the Vietnamese government. Speaking at the conference, Joseph Uddo, president of AES Vietnam said, “The investment policy for Son My 2 CCGT power plant marks a significant milestone enabling us to move ahead with the project. “We are honoured to receive the approval in this significant event today on the action plan to implement Resolution No. 26-NQ/TW of the Politburo, recognising the importance of the power plant project in ensuring energy security, promoting international investment and the socioeconomic development of Vietnam.” Son My 2 complements AES’ investment plans in gas infrastructure in the country and the … [Read more...] about AES receives investment policy for Son My power plant

Illustrative image. (Photo: VNA) Bac Lieu (VNA) – The southern coastal province of Bac Lieu aims to raise shrimp export revenue to 1 billion USD this year, against last year's 853 million USD. high-tech farming and create favourable condition for enterprises and households to boost their production towards sustainable development. production . Phan Van Sau, director of the provincial Industry and Trade Department, said a lot of local aquatic processing factories have been upgraded to increase their capacity. To turn Bac Lieu into a shrimp farming centre, the locality is actively supporting businesses in renovating technology to diversify processed products and updating information on market demand and technical barriers. Trade promotion will be strengthened along with training courses  for farmers. VNA … [Read more...] about Bac Lieu eyes 1 billion USD in shrimp exports

Seven international partners will support the investment in infrastructure, transport, urban development, and climate response. Nearly US$8 billion will be pumped into Vietnam's Central Coast region to support the socio-economic development of the region towards sustainability and climate adaptation. An overview of the signing and awarding ceremony. Photo: Trung Nhan/The Hanoi Times The value was announced at a signing ceremony held on February 5 between the Ministry of Planning and Investment and international partners. Accordingly, the local authorities granted investment certificates and approved investment policies and investment cooperation for domestic and international investors. Among the investment deals, seven development partners are committed to providing a total capital of more than US$1.7 billion in 45 projects. The partners included the Asian Development Bank (ADB), the French Development Agency (AFD), the International Fund for Agricultural … [Read more...] about $8 billion to be pumped into Vietnam’s Central Coast