Chairman of the HCMC People’s Committee, Phan Van Mai speaks at the seminar. Speaking at the meeting, the city’s Chairman noted that District 7 has the advantages of road and water transport. If the locality has a good development strategy of sea encroachment , it could approach and exploit the advantages of the sea surface effectively. He asked District 7 to develop in accordance with the goal of developing HCMC into a regional and international financial center, an attractive destination, a hub of service, modern industry and culture, and top performer in digital transformation by 2030. At the meeting In addition, the district must focus on developing waterway tourism, healthcare facilities, education, culture and sports; investing in social and transport infrastructures; building an urban administration and digital administration on an effective larger scale. HCMC has proposed a specific mechanism for its development. District 7 must put itself in a state of … [Read more...] about HCMC’s District 7 organizes seminar seeking development strategy
Vocabulary development strategies
Developers expect smoother LNG policy planning
The input price of imported liquefied natural gas (LNG) fluctuates between 15-20 cents/kW while the saleable electricity price is currently 6-7 cents/kW only. This will be an obstacle in the future because Electricity of Vietnam (EVN) will have to buy high and sell low. Despite the mandatory use of the standard form wholesale market power purchase agreement (PPA), complete with untenable fuel cost pass-through clauses being imposed on would-be LNG project sponsors, the market will never accept the proposition. Prime Minister Pham Minh Chinh questioned why the latest draft of the Power Development Plan VIII (PDP8) seeks to effectively block any new solar power projects until 2030, since “solar power costs are getting cheaper and cheaper, and energy storage battery technology is becoming more advanced at more acceptable pricing”. The LNG gas power project is scheduled to start construction in the second quarter of 2022 According to calculations by the Ministry of … [Read more...] about Developers expect smoother LNG policy planning
HCMC completes first phase of developing shared databases
DoIC is working with World Bank to host a conference on developing a data strategy for HCMC from 2022-2025 https://data.hochiminhcity.gov.vn . The accessible databases here include electronic version of official documents and information on businesses and household businesses, secured transactions, house use right or land use right registration, hospitals, job certificates, schools and universities, educational services, foreign investment projects, public investment projects, market prices of essential commodities. DoIC is launching a virtual assistant service to aid officials to use these databases effectively for administrative procedure completion. Explaining difficulties arisen during the first development stage of these databases, Deputy Director Trinh shared that some content has not been done owing to negative impacts of the Covid-19 pandemic. However, the civil status database has been finished at the end of 2021, and the 1/2,000 and 1/5,000 geographic foundation … [Read more...] about HCMC completes first phase of developing shared databases
Partnering with local farmers key strategy of French firm in Vietnam
On June 17 Andros Asia hosted a partnership conference in Tien Giang Province, an event that aimed to promote the development of a sustainable fruit network by the company, local farmers and authorities and fruit suppliers. At the conference, farmers and suppliers were provided with knowledge of Andros Asia's processes from selecting fruits and processing them into premium products that are to be exported to demanding markets such as the U.S., EU and Japan. The partnership conference also marked Andros Asia's fifth anniversary in Vietnam and the grand opening of the Go Cong cold storage. Local farmers in talks with Andros Asia for potential cooperation at the partnership conference in Tien Giang Province. Photo by Andros Asia Experts from Andros Asia also shared with local farmers the development itinerary for raw material regions, including planning agri-engineering, obtaining the Global G.A.P certificate, enhancing fruit output, and collaborating with local … [Read more...] about Partnering with local farmers key strategy of French firm in Vietnam
Better policies needed to develop ocean economy
Cua Viet Seaport in the central province of Quang Tri (Photo: VNA) Hanoi (VNS/VNA) - Appropriate policies and regulations are needed to help fully exploit the untapped potential in developing the maritime economy, which plays an essential role in the socio-economic development of Vietnam, according to insiders. One of the challenges of ocean management is how best to promote sustainable development goals within the maritime economy. According to Dr Ta Dinh Thi, Vice Chairman of the National Assembly's Committee for Science, Technology and Environment and former Director of the Vietnam Administration of Seas and Islands (VASI), Vietnam's marine economic development is still unsustainable and not well linked with social development and environmental protection. Serious pollution and environmental incidents have been reported in some waters and coastal areas, while plastic waste pollution has become an urgent problem, he said, adding that country is also facing an … [Read more...] about Better policies needed to develop ocean economy
Vietnam eyes stronger development of Halal industry
Deputy Foreign Minister Pham Quang Hieu speaks at the conference (Photo: VNA) Hanoi (VNA) - A conference on promoting international cooperation for developing Vietnam's Halal industry was held by the Ministry of Foreign Affairs in collaboration with the Ministry of Agriculture and Rural Development (MARD) on June 28 in Hanoi in both in-person and online forms. The conference aimed to assess the current situation and prospect of the Halal industry in Vietnam, discuss ways to promote cooperation and take advantage of international resources to expand the presence of Vietnamese enterprises in production and supply chains of Halal products and services worldwide, and work out orientations for comprehensive and sustainable development of Vietnam's Halal industry until 2030. In his speech at the event, Deputy Foreign Minister Pham Quang Hieu said Vietnam boasts great potential and advantages for developing the Hall industry, and affirmed that the Vietnamese government … [Read more...] about Vietnam eyes stronger development of Halal industry
Regional economic growth critical for the continued development of Southeast Asia
Better business environments across Southeast Asia are critical to rejuvenating firms hit hard by the COVID-19 pandemic. This was the key message delivered at the regional webinar “Better Local Business Environments for Pandemic Recovery in Southeast Asia” on 29 June, at which policy makers from across the region discussed national and subnational policies to drive economic and social recovery. “Small firms are the foundation of local economies in Southeast Asia,” said ADB Director General for Southeast Asia Ramesh Subramaniam. “Understanding how local business environments affect the viability of firms during this challenging period is key to unlocking policy interventions that support post-pandemic recovery and can help make progress on the Sustainable Development Goals.” Regional economic growth is critical for the continued development of Southeast Asia. Local economies in most parts of the region are dominated by micro, small, and medium-sized enterprises (MSMEs). They account … [Read more...] about Regional economic growth critical for the continued development of Southeast Asia
Mekong Delta to develop 1 million hectares of high-quality rice
Illustrative image (Photo: VNA) HCM City (VNA) – The Mekong Delta will plant one million hectares of high-quality rice in the coming time with the aim to improve farmers’ income, ensure food security and serve export. The task is set in a directive on some missions to promote sustainable agricultural and rural development in the region in response to climate change, recently signed by Deputy Prime Minister Le Van Thanh . The directive’s goals are to develop the Mekong Delta quickly and sustainably, proactively adapt to climate change, create breakthroughs to improve the material and spiritual life of local people, and focus on developing agriculture and rural areas in the direction of ecological agriculture, modern countryside, and civilised farmers. Under the directive , the Government requested relevant ministries and departments to study and put forward mechanisms and policies to realise the objectives and orientations for agricultural and rural development … [Read more...] about Mekong Delta to develop 1 million hectares of high-quality rice
International webinar on Vietnam’s Market Entry Opportunities and Strategy
Jesse Choi, CEO of Sunwah Innovations and director of Sunwah Vietnam talked about Vietnam's market entry opportunities and strategy The webinar received around 100 participants including experts and representatives of corporates, startups, universities, incubators and accelerators, venture capital firms, and business associations from Vietnam and neighbouring countries and territories including Cambodia, Singapore, Japan, South Korea, China, and Hong Kong. Vietnam has seen significant improvements in developing a dynamic and open business environment. In the post-pandemic period, the country stands firm as one of the most attractive destinations in the Southeast Asian region for foreign investors and businesses including venture capital firms and startups. Realising an increasing need from overseas startups and supporting organisations to explore and gain footholds in the market, Sunwah Innovations organised the Vietnam Market Entry Opportunities and Strategy webinar. It was … [Read more...] about International webinar on Vietnam’s Market Entry Opportunities and Strategy
Role of press highlighted in promoting development
Role of press highlighted in promoting development Nguyen Thu Lan, a consultant from a Hanoi-based US-invested investment consultancy firm, two weeks ago completed a digital transformation report for the firm’s three potential American clients, who are exploring Vietnam’s investment climate. Lan had to seek information from many sources for the report, including local newspapers. She also found detailed information on Vietnam’s macroeconomic situation and digital transformation in VIR, which features a new hallmark scheme from the government on supporting industrial enterprises in smart production development. Lan said, “I am very happy as I had been seeking such information for months. More importantly, such information was cited from an original source,” she said. Under the draft scheme, expected to be enacted by the government soon, just over one-third of Vietnamese businesses will implement digital transformation effectively by 2025, and the rate will increase to 85 per … [Read more...] about Role of press highlighted in promoting development