Vietnamese companies prioritize environmentally friendly and sustainable practices as part of their efforts to ensure long-term growth. More than 85% of Vietnam's 500 fastest-growing companies (FAST 500) have committed or plan to comply with environmental, social, and governance (ESG) standards, according to a survey conducted by the Vietnam Report Company (Vietnam Report). Electronics production at SGK Company (Chuong My Industrial Park), a component supplier for Samsung. Photo: The Hanoi Times As the global community continues to prioritize environmentally friendly and sustainable practices, Vietnam is also placing a great deal of emphasis on achieving carbon neutrality by the year 2050. FAST500 companies are aware of the importance of ESG standards and are in the process of adopting this strategy, the report states. Specifically, 14.8% of companies surveyed had initiated and implemented some of their ESG obligations, while 37% had fully planned and … [Read more...] about Over 85% of major Vietnamese companies are committed to ESG standards
Vietnamese mathematician
Vietnamese lifter K’Duong triumphs at World Youth Weightlifting Championships
The Vietnamese broke all three of his own youth world records when he finished 24kg clear of his nearest rival in the men’s 55kg category on March 26. K'Duong, who celebrated his 16th birthday three weeks ago, was the only current world record holder among the men’s entries in Durres. He has made only 11 attempts in his international weightlifting career and he has already set six world records. In the snatch event, he missed his first attempt at 107kg because of a press-out, but successfully managed it the second time to secure the first gold. He then went up 7kg to better his world best by 1kg at the Ramazan Njala Sport Complex. In the clean and jerk, his first attempt of 132kg gave him a sweep of gold. He then jumped 12kg, and just failed with the jerk. However, he came back to make the lift with his final attempt and scored his second record, also 1kg better than the previous one. In total, his combined weight of 258kg brought him the third gold and third record. Last … [Read more...] about Vietnamese lifter K’Duong triumphs at World Youth Weightlifting Championships
Vietnamese female entrepreneurs take the lead in boosting green growth
The event saw the participation of representatives from 31 women's associations from across the country. The seminar's aim was to promote sustainable growth and development within the female-led business community in Vietnam and share developments in sustainable practices and integrating environmental, social, and corporate governance (ESG). The conference was part of a larger sustainable business development initiative, officially launched by VAWE in 2022, that focuses on reducing emissions and negative impacts on the environment and society, as well as integrating ESG into corporate values. In attendance was Ton Ngoc Hanh, vice chairwoman of the Vietnam Women's Union, who said, "This seminar encourages a spirit of responsibility in Vietnam's female business community, showing the commitment and determination of everyone here to join hands with the government in achieving the goal of green growth, and to contribute effectively to sustainable development in the country. " Nguyen … [Read more...] about Vietnamese female entrepreneurs take the lead in boosting green growth
Vietnamese farm produce finds favour in Belgium
Participation in the EU-Vietnam Free Trade Agreement (EVFTA) has also enabled Vietnamese farm produce to make inroads into the European market. Belgium is Vietnam’s sixth-largest trade partner in the EU. Bilateral trade surged nearly 54% to 4.3 billion USD in 2021 compared to 2020, and reached 4.5 billion USD in 2022. Notably, since 2018, Vietnam and Belgium have become strategic partners in agricultural cooperation, which was an important milestone in relations. Besides agriculture , Belgium also wants to strengthen cooperation with Vietnam in fields such as tourism and healthcare. In addition to economic success, political and diplomatic relations between the two countries have also been thriving thanks to frequent high-level visits. Vietnam and Belgium have also strengthened cooperation and mutual support at multilateral forums and in international organisations. With a stable foundation over the past five decades, the friendship and cooperation between Vietnam … [Read more...] about Vietnamese farm produce finds favour in Belgium
Tea export value to China skyrockets
Illustrative image (Photo: vov.vn) Hanoi (VNA) - The export value of Vietnamese tea to China in the first two months of this year quadrupled from the same period last year, according to the General Department of Vietnam Customs . China imported 426 tonnes of tea from Vietnam in the two months, representing rises of 121% in volume and 411.2% in value. The average tea export price in February alone surged by over 10% to more than 1,641 USD per tonne. China’s reopening of its border after the COVID-19 pandemic is the main factor behind the strong growth of tea exports to this huge market, reported the Ministry of Industry and Trade. Tea exports to Pakistan also enjoyed an upward trend, reaching 5,300 tonnes worth 9.4 million USD, up 5.8% in volume year on year. Although Taiwan (China) is Vietnam’s second largest tea consumer, tea exports to this market declined slightly over the two-month period. Statistics show Vietnam shipped 1,500 tonnes worth 2.4 million USD to … [Read more...] about Tea export value to China skyrockets
UK-funded CFA to support nine low-carbon projects in Vietnam
The CFA is part of the UK Government's efforts to help Vietnam meet the commitments made by Prime Minister Pham Minh Chinh at COP26 in Glasgow in 2021. Nine low carbon projects from across Vietnam have been announced to be part of the first cohort of the Climate Finance Accelerator (CFA) Vietnam. The selected projects come from diverse sectors including renewable energy, resource and energy efficiency, electromobility, AFOLUs (agriculture, forestry and other land uses), decarbonised construction, circular economy and waste management, and have the potential to benefit communities across Vietnam. Deep C Green is one of the first nine low-carbon projects in Vietnam to join the CFA. Photo: Deepc.vn Projects will receive tailored one-on-one and group support to improve project readiness and chances of attracting investment from Vietnamese and international investors. This will include advice on technical aspects, financial models, and pitch materials, as well as … [Read more...] about UK-funded CFA to support nine low-carbon projects in Vietnam
Blacklist needed to block harmful content in Vietnam’s advertising industry
To avoid harmful advertising, companies should create a list of "toxic" content on the network (called a "blacklist"). Vietnam's advertising companies need a "blacklist" to block malicious content against the Party and Government to avoid breaking the law and facing severe punishment, according to the Ministry of Information and Communications (MIC). Businesses should be wary of harmful advertising content. Photo: The Hanoi Times The ministry has called on advertisers and brands to seriously strengthen the verification of advertisements on the network, to stop the unregulated spread of advertisements, which leads to the indirect distribution of malicious and illegal content in cyberspace. In order to ensure brand safety and contribute to the development of a safe and healthy Vietnamese advertising and digital content ecosystem, the MIC has established a list of "verified" content on the network (referred to as the "white list") to support compliance with … [Read more...] about Blacklist needed to block harmful content in Vietnam’s advertising industry
Vietnam and Australia boost cooperation in education, agrifood
The cooperation aims to celebrate the 50th anniversary of the diplomatic relationship between Vietnam and Australia. The Australian Trade and Investment Commission (Austrade) is collaborating with businesses and government in Hanoi, Hue, and Danang to deliver the "Vietnam- Australia: Unlocking Opportunities in Education and Agrifood" roadshow series starting on March 27 in Hanoi with the participation of over 400 Australian and Vietnamese businesses, organizations, associations and institutions. The program aims to celebrate the 50th anniversary of the diplomatic relationship between Vietnam and Australia. Australian food and beverage showcase during the seminar took place on March 27 in Hanoi. Photo: Australian Embassy Vietnam At the kick-off event in Hanoi, Andrew Goledzinowski - Australia’s Ambassador to Vietnam shared that the program will deepen engagement and expand opportunities for Australian and Vietnamese partners in the agrifood and education … [Read more...] about Vietnam and Australia boost cooperation in education, agrifood
50th anniversary of Vietnam-Italy diplomatic ties celebrated in Ho Chi Minh City
In his remarks, Chairman of the People’s Committee Phan Van Mai highlighted the increasingly close ties between the two countries, saying over the past 50 years, the bilateral relationship has grown actively across spheres, both bilaterally and multilaterally. The good traditional friendship has also been consolidated and enhanced, the official added. Notably, during the COVID-19 pandemic, Vietnam presented Italy with more than 300,000 masks, while Italy donated 2.8 million doses of vaccines to the Southeast Asian nation. This vividly demonstrates the intensive and effective strategic partnership and friendship between the two countries, he said. Ho Chi Minh City, for its part, has actively worked to promote cooperation with Italy, Mai noted, adding that the relations between Ho Chi Minh City and Italy have reaped achievements in trade, investment, education and training, culture, and tourism. According to the official, the two-way trade reached 591 million USD last year. For … [Read more...] about 50th anniversary of Vietnam-Italy diplomatic ties celebrated in Ho Chi Minh City
Ho Chi Minh City launches first international electronic training centre
Huynh Tan Buu, General Director of Sun Electronics, said that the center provides training programs up to the International Process Control (IPC) standard. The programs are designed and taught by Vietnamese experts who have worked for many years in large electronic corporations in Silicon Valley in the U.S. The IETC targets engineers working in enterprises, recent graduates from universities and colleges, and entrepreneurs starting up in the field of electronics and microchips, he said. For his part, Minister of Science and Technology Huynh Thanh Dat held that the centre is an important factor for the establishment of an electronic and semiconductor industry ecosystem of Ho Chi Minh City in particular and the whole country in general. He said that science and technology research and development for the electronics and semiconductor industry has always been one of Vietnam's priority orientations over the past years. The Ministry of Science and Technology has proposed the … [Read more...] about Ho Chi Minh City launches first international electronic training centre