Vietnam nature

With FDI accounting for more than 70% of exports, Vietnam has successfully transformed over time into an export-driven and FDI-reliant economy. Vietnam’s establishment of a manufacturing supply chain ecosystem over the past 35 years with a focus on high value FDI is absolutely right and commendable. Mr. Joon Suk Park - Head of International Subsidiary Banking, Wholesale Banking, HSBC Vietnam, shared his ideas on the issue. Joon Suk Park - Head of International Subsidiary Banking, Wholesale Banking, HSBC Vietnam. Vietnam’s government is focusing on high value investment. How can high value FDI support Vietnam’s economy? Vietnam has over the years successfully transformed into an export led, FDI important economy where the latter contributes to more than 70% of the country’s exports. The manufacturing sector surrounding electronics and textiles & garments has been the key drivers. High value investments cover a broad range of sectors including … [Read more...] about High value investment takes Vietnam to the next level of qualitative growth: HSBC

The business community still has high hopes for Hanoi to improve the climate for investment and doing business. Following a general upward trend between 2017 and 2022, the Provincial Competitiveness Index (PCI) score in 2022 was 65.67 points, 0.37 points higher than the result in 2021, indicating continued progress in Vietnam's business environment. VCCI Chairman at the report launching event. Source: VCCI Pham Tan Cong, Chairman of the Vietnam Confederation of Commerce and Industry (VCCI), made the announcement today [April 11] at the launch of the PCI report. The PCI, the result of a long-standing collaboration between the VCCI and the US Agency for International Development (USAID), is designed to assess provincial economic governance, ease of doing business, and administrative reform efforts by provincial governments in Vietnam to promote private sector development. The 2022 PCI Report is based on responses from 11,872 firms, including 10,590 domestic … [Read more...] about Vietnam’s business environment continues to improve: PCI 2022

Together with the Royal Norwegian Embassy in Hanoi and its commercial arm, Innovation Norway, the task force held its first meeting to discuss new technologies for a deposit return systems (DRS). The launch of the new task force on May 18 DRS is a scheme where consumers pay a small deposit when purchasing bottles or cans. The deposit is refunded when they return the container to a designated collection point. This initiative economically incentivises consumers to return used containers for reuse and recycling, reducing pressure on landfills and protecting rivers and oceans from plastic litter. High-performing DRS can significantly accelerate the circularity of beverage containers like plastic bottles and aluminium cans with high recovery rates, and is a key approach to extended producer responsibility (EPR) for companies that produce and use such containers. The NPAP Innovation and Financing Task Force – co-chaired by the International Cooperation Department of the … [Read more...] about New task force launched for plastic waste reduction in Vietnam

Data usage and connectivity are considered "gold mines" driving economic growth. Finding breakthroughs and removing bottlenecks in data connectivity were the main issues discussed by policymakers and experts at the Vietnam – Asia Digital Transformation (DX) Summit 2023, which opened in Hanoi on May 24. Deputy Prime Minister Tran Hong Ha addresses the opening ceremony. Photos: VINASA Organized by the Vietnam Software and IT Services Association (VINASA), and the Ministry of Information and Communications, the summit themed "Exploiting digital data and intelligent connectivity to drive economic growth" attracted more than 2,000 local and international delegates. Delegates at the forum agreed that, with an average of only 20% compliance with national plans, there are limitations in connecting and sharing data among ministries, sectors, and localities. Local governments should work with businesses to leverage shared data to … [Read more...] about Vietnam – ASIA DX Summit 2023 seeks data connectivity breakthroughs

What is your impression of Vietnam’s young but energy-hungry market, and what are its most critical issues? With over 30 years of operation in Vietnam, GE has made significant contributions to the country's development. Vietnam holds strategic importance as a market, and we are proud to witness its progress. A key challenge lies in ensuring dispatchable energy, the ability to generate and deliver energy as needed. GE's energy consulting services play a vital role in addressing this challenge by optimising the dispatchability of energy resources. Working closely with grid operators, these services identify effective strategies for energy dispatch, including integrating renewable sources, optimising network planning, and ensuring a reliable electricity supply. Furthermore, energy financial services can facilitate financing and investments that enhance grid dispatchability. By strategically supporting projects that contribute to a more reliable and flexible energy system, these … [Read more...] about Empowering Vietnam’s energy transition

Hospitality properties have long been considered a lucrative and long-term profitable investment for real estate investors operating in Vietnam. Pockets of opportunities for hospitality real estate are present in Vietnam though the tourism recovery in Vietnam lags behind other Asian markets, and uncertainties remain due to the economic slowdown, according to Colliers. “Vietnam has good fundamentals for developing hospitality properties. There is the rise of the middle class, increasing accessibility to travel thanks to improved infrastructure, the country’s openness to international trade, which drives business travel, events, and conferences, etc. Investing in hospitality real estate is a smart bet,” David Jackson, CEO of Colliers (Vietnam) said. A hospitality property project - Vega City Nha Trang in Khanh Hoa Province. Colliers experts have said that, in 2019, occupancy rates in hospitality establishments (hotels, resorts and villas) reached 52%. On … [Read more...] about Investment opportunities for hospitality real estate in Vietnam: Colliers

The campaign is aimed to gradually make Vietnam one of the five cleanest and most beautiful countries in Southeast Asia by 2025. The "Clean Up Vietnam" campaign, the largest of its kind in Vietnam, will return for the fifth time on June 4, with around 30,000 volunteers registered domestically and abroad. Themed "Pick Up Rubbish - Reach Out Global", this year's event will see the participation of several sponsors, media and environmental ambassadors, as well as celebrities such as singers Tien Manh and Phuong Thanh, TV host Manh Cuong, Hanna Giang Anh, and Trung Thao Mai. In its fourth edition in December 2022, held in 102 locations across Vietnam and 12 others in foreign countries including Japan, South Korea, the US and Thailand, the campaign attracted more than 16,000 volunteers and collected a total of more than 186 tons of garbage. A group of young volunteers collects the trash in the 2022 campaign. Photo: ivolunteer.vn Since its launch in 2020, … [Read more...] about Some 30,000 volunteers offer helping hands to clean up trash across Vietnam

Fish massage, also known as fish spa treatment that has grown in popularity over recent years, has become one of the must-try activities among visitors to Viet Hai, an island commune off Cat Hai District in Hai Phong City, northern Vietnam as the service offers them a fun and rewarding experience. Visitors can reach Viet Hai Ecotourism Village in the namesake commune, situated in the center of the Cat Ba National Park, by foot or boat to experience the fish massage service and immerse themselves in nature. It normally takes around 6-7 hours to walk over 10km through a primeval jungle in the national park to reach the destination. Visitors can opt for a boat or canoe ride from the Beo waterway station to Lan Ha Bay to arrive in Viet Hai, also a fishing village. Between October and April, which is an off-peak travel season for domestic holidaymakers, international tourists are often spotted cycling around the village, admiring the beauty of local ancient houses, taking boat … [Read more...] about Relaxing fish massage draws visitors to northern island off Vietnam

Vi Ro Ngheo Village, known as Homestay Village, in Dak Tang Commune of Kon Tun Province’s Kon Plong District in the Central Highlands region of Vietnam brings tourists unique community-based tourism experiences. Surrouned by gigantic mountains and forests, the Xo Dang ethnic minority group’s village has emerged as a popular destination for travelers who love exploring the culture and nature of the Central Highlands region. Homestay Village filled with flowers The charming village of the Xo Dang ethnic group, about 45 kilometers from the famous Mang Den Town, was recognized as a community tourist site in April this year. The village is home to 63 households with nearly 300 Xo Dang ethnic people. The locals mainly grow rice, catch fish, and raise buffaloes for a living. Most locals in the village do not drink alcohol or beer. Apart from their work, they often play sports and join traditional art performances, such as beating a gong, singing folk songs, and dancing. Vi Ro … [Read more...] about Picturesque tourism village in Vietnam’s Central Highlands awakens visitors to travel

The State Archives and Records Administration held a ceremony on Thursday to declare the conclusion of a project focused on conserving Nguyen Dynasty ‘moc ban’ (woodblocks), a UNESCO-recognized documentary heritage item, at the National Archives Center IV in Lam Dong Province, southern Vietnam. Commencing in July 2020, the project was aimed at conserving 500 deteriorated woodblock plates at the National Archives Center IV. The initiative, which received more than US$88,000 in funding from the United States Ambassadors Fund for Cultural Preservation (AFCP), has now been completed. Following the approval of the AFCP grant in July 2020, a technical team conducted a thorough study and assessment of the level of damage sustained by the degraded woodblocks. Newly-treated Nguyen Dynasty woodblock plates are conserved at the National Archives Center IV in Lam Dong Province, Vietnam, May 25, 2023. Photo: M.V. / Tuoi Tre The evaluation showed that approximately 5,000 … [Read more...] about US aids Vietnam in preserving Nguyen Dynasty woodblocks