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Hanoi (VNA) – The Ministry of Planning and Investment is collecting opinions on a draft study report proposing the inclusion of the Sustainable Development Goals (SDGs) in the socio-economic development strategy for 2021 – 2030 of Vietnam. This will also be a legal basis for the country to realise its commitments to the international community, responsibly contribute to global efforts towards sustainable development, and create a driving force for Vietnamese businesses to enhance their competitiveness, build brand names, and integrate into the global market of free trade. Sustainable development is forecast to remain a common trend around the world in the next 10 years. As a member of the United Nations, Vietnam has been striving to achieve the SDGs. Ensuring economic growth The 17 global SDGs have been nationalised into 115 targets for Vietnam in its national action plan for implementation of the 2030 Agenda for Sustainable Development. The Vietnamese Government … [Read more...] about Sustainable development critical to businesses’ existence

Several e-commerce platforms announced to close or stopped operations in silence in the past months. Of which, the biggest closing is that the Vingroup announced its withdrawal from the direct retail sector to focus resources on the industrial and technological sectors. Accordingly, its Adayroi website would be merged into VinID by the end of December last year. Figures by iPrice showed that the website traffic of Adayroi reached 6-7 million hits per quarter, just behind other large e-commerce platforms, such as Shopee, Tiki, Lazada, and Sendo. Similarly, on December 25 last year, CEO of Lotte.vn sent notifications to suppliers and customers of Lotte.vn, saying that as of January 20 this year, the website would stop providing its services to customers. Suppliers and customers can continue to supply goods or trade with the Lotte Mart Head Office. Earlier, in March last year, fashion e-commerce platform Robin Online, formerly Zalora, also unexpectedly announced to halt all its … [Read more...] about E-commerce: a fierce race

According to MXV, the trading liquidity of the Vietnamese commodity market is rising. Since mid-2019, the number of new accounts on the market has increased by 20-30 per cent. The futures of agricultural products put up for trading on the MXV’s platform are also linked to global prices. … [Read more...] about Việt Nam’s commodity market expected to lure more capital

Hanoi (VNA) – Minister of Industry and Trade Tran Tuan Anh on February 26 asked relevant departments and agencies to optimise commitments in the European Union – Vietnam Free Trade Agreement (EVFTA) which will take effect later this year. He made the request during a working session in Hanoi to discuss the government’s action programme and the plan to realise the EVFTA. Luong Hoang Thai, Director of the Ministry of Industry and Trade (MoIT)’s Multilateral Trade Policy Department, said the EVFTA’s ratification has been added into agenda of the National Assembly Standing Committee’s meeting scheduled for April 13 – 17. According to him, two laws, one decree and one decision of the government are required to be revised in order to implement the deal. In the near future, four new decrees will be issued and the total number of commitments will be raised to 12. Minister Anh requested attention to completing legal procedures between now and … [Read more...] about Trade minister asks for optimising EVFTA commitments

Hanoi (VNS/VNA) - The development of a commodity exchange in Vietnam is expected to provide an alternative for investors when they find difficulties investing in risky assets such as stock and real estate. The number of active investors on the Vietnamese commodity exchange is still small compared to stock and real estate markets. The legal framework and the concept of commodity exchanging are reportedly the reasons that have restrained investors from taking part in this market. Agricultural products traded on the global commodity exchanges include corn, wheat, coffee, sugar, lumber and rubber. Those products are also Vietnam’s key agriculture produce. Vietnam is among the world’s top agricultural exporting countries, which accounts for a large-part of all exports. Last year, total export value was up 3.2 percent to 41.3 billion USD compared to 2018. Of the total figure, key agriculture exports – including rice, pepper and coffee – were down 5.3 percent to … [Read more...] about Vietnam’s commodity market expected to attract increased investment