Nguyen Dang Anh Thi Among many comments made at and media coverage of last year’s World Economic Forum in Davos, one was striking for me: that Vietnam is attracting a lot more companies that want to leave China than the other seven emerging Asian economies because of its "cheap" labor and electricity. Contributing to growth, paying taxes and creating jobs have been considered the achievements of FDI over the years in Vietnam. They were possible thanks to the "cheapness advantage" that Vietnam has long been promoting everywhere to attract investment. But in reality there is something wrong with this narrative. And it's time to stop thinking that being cheap is the nation's advantage. Three years ago I surveyed a Russian salmon processing factory in Long An Province in Vietnam’s Mekong Delta. Its business model was simple: import fresh salmon from Russia, process them into fillet, package and freeze the produce, and export all to Europe. On average, to process a ton of … [Read more...] about Vietnam’s ‘cheapness’ is hurting future generations
Why sustainability reporting is important
Pyrolysis process with dioxin removal technique would be the answer for Việt Nam. Viet Nam News Thu Vân HÀ NỘI — After years of suffering, the residents could not take the stink any more. On January 11, they gathered together and set up tents on the road, blocking garbage trucks from carrying waste to the Nam Sơn dumping ground in the capital city’s Sóc Sơn District. The impact was immediate. Garbage began piling up on the capital city’s streets over the weekend, and the stink spread rapidly. Five days later, after reaching a deal with local authorities on compensation for relocation, the people stopped their protest and the road to the Nam Sơn dumping ground was cleared. But no one was under any illusion that the problem had been solved. Over the past two years, the capital city has seen several similar protests by residents angry about the polluted environment they have to live in. Complaints from people in … [Read more...] about Waste is a burning problem, but burning’s no solution
Sustainable development is defined as “a kind of development that meets the needs of the present without compromising the ability of future generations to meet their own needs”. However, putting that development into action requires the joint effort of all nations and, more specifically, the business community – the key driver of national sustainability. Viet Nam Chamber of Commerce and Industry (VCCI) Chairman Vu Tien Loc speaks to Viet Nam News reporter Nguyen Linh Anh about the role played by businesses in sustainability. How do you assess the efforts of Viet Nam in the pursuit of sustainable development? In 2015, 17 Sustainable Development Goals (SDGs) as part of the 2030 Agenda for Sustainable Development were adopted by leaders of 193 members of the United Nations, including Viet Nam. These aimed to ensure a better future, where nobody is left behind, and at the same time create a path for the next 15 years to end all forms of poverty, fight inequality, … [Read more...] about Enterprises key to national sustainability: business rep
It was “not very reassuring,” Jeffrey Ordaniel told VnExpress, referring to the address by U.S. Defense Secretary James Mattis at the Shangri-La Dialogue in Singapore a week ago. Ordaniel, Research Fellow with the Pacific Forum, felt that while Mattis outlined what America wants to see in the so-called Indo-Pacific Region, he failed to clearly articulate how Washington could help smaller countries resist pressure and coercion from China. He could not even clearly commit to defend the Philippines, a mutual defense-treaty ally, in the South China Sea, Ordaniel noted. The South China Morning Post quoted the Defense Secretary as saying that the "the U.S. will continue to pursue a constructive, results-oriented relationship with China, cooperating when possible and competing vigorously where we must … of course we recognize any sustainable Indo-Pacific order has a role for China." But the U.S. bark seems to lack bite, analysts feel. On May 23, the U.S. disinvited China … [Read more...] about Is the US going soft on China?
Rambutan is the third Vietnamese fruit after mango and dragon fruit to be exported to New Zealand. Viet Nam is also the first country to be licensed to export fresh rambutan to New Zealand. Entry to a demanding market such as New Zealand will provide Viet Nam the opportunity to tap other strict markets in the world. Hoang Trung, Director of the Ministry of Agriculture and Rural Development’s Plant Protection Department (PPD), talks to Viet Nam News reporter To Nhu about the challenges in receiving the “green light” from New Zealand and the advantages the opportunity presents to the country. Viet Nam has been officially allowed to export rambutan to New Zealand after seven years of negotiations. Why did it take so long? First of all, I want to emphasy that New Zealand not only has a highly developed system of agriculture but is also an island nation with a unique ecosystem. Therefore, the country has strict regulations on plant quarantine to protect domestic … [Read more...] about New Zealand’s import of rambutan expected to boost VN’s fruit export