Bai hao khi viet nam

Speakers at the Viet Nam Wind Power in Ha Noi. — Photo courtesy of the organiser Viet Nam boasts substantial potential for wind power, particularly offshore wind power, providing an opportunity for the country to fulfil its energy transition target towards green growth. That was the message heard at a conference held by the Global Wind Energy Council (GWEC) which was wrapped up in Ha Noi on Friday. Viet Nam Wind Power (VWP22) is an official industry event organised by the GWEC since 2018. It provides a platform for the Government and the sector to discuss pressing issues around the development of wind energy in Viet Nam. Viet Nam is one of the best wind resource countries in the world. The draft Power set the target of 7GW of offshore wind and 21GW of onshore wind by 2030. The wind power sector is ready and able to achieve this goal and help Viet Nam strengthen its energy security, improve its trade balance and the economy’s sustainability as well as its international … [Read more...] about Viet Nam has opportunity for energy transition towards green growth

Cat Lai Port. Viet Nam is becoming a destination for containers as the housing fees are among the cheapest in the world. — VNA/VNS Photo Tien Luc Container depots in Viet Nam are filling up as empty containers were flocking here for lower storage fees. Nguyen Duy Minh, general secretary of Viet Nam Association of Logistics Services Enterprises, said that the global shipping industry was facing a problem which is constrast to the shortage of containers at the height of the COVID-19 pandemic -- housing too many containers. Notably, Viet Nam was becoming a destination for containers as the housing fees were among the cheapest in the world, with containers even stored for free, Minh said. Tran Viet Manh, deputy director of Nam Dinh Vu Port Joint Stock Company, said consumption demand had slumped in China and Europe. China’s zero-COVID policy was also disrupting the supply chains, which together with the Russia – Ukraine conflict, seriously affected the global market. Normally … [Read more...] about Empty containers flock to Viet Nam as storage fees are low

Charge d’Affairs Mark Tattersall and six new private sector partnerships. — Photo courtesy of Australian Embassy to Viet Nam Six new private sector partnerships has announced under the Australian Department of Foreign Affairs and Trade’s (DFAT’s) Business Partnerships Platform (BPP) will promote the growth of sustainable carbon markets that deliver significant social and environmental benefits to communities in Viet Nam. The six multi-stakeholder partnerships, supported by an investment of US$3.3 million from DFAT, will leverage more than $3.7 million in private sector investment and resources towards improving the enabling environment for carbon markets projects in Viet Nam that are able to deliver verifiable and sustainable social and environmental outcomes. The new partnerships will test and trial new approaches within voluntary market frameworks to reduce greenhouse gas emissions, lower carbon market entry barriers for producers, build the capacity of local stakeholders, … [Read more...] about Australia supports carbon markets partnerships in Viet Nam

A customer using the IZIon24 app, the very first pocket insurance app in Viet Nam. — Photo courtesy of IZlon24 Ideal Life Consultancy Joint Stock Company has recently launched an insurtech product, IZIon24, the very first pocket insurance app in Viet Nam. Through a one-stop solution, IZIon24 app enables users to satisfy all their demands, from product selection, providing information, making payments, managing contracts, and claiming compensation. Using the app, users can easily seek information and comprehend the purpose and benefits of each insurance product. The IZIon24 app also allows users to compare product packages with an intuitive interface, thereby easily finding the right insurance product for their needs and their loved ones without having to consult multiple sources. Nguyen Thanh Duy, director of Ideal Life Consultancy JSC, said: “IZIon24 was created with the intention of serving as a bridge to bring suitable insurance products closer to customers, and leverage … [Read more...] about First pocket insurance app in Viet Nam launched

IIP surged 8.9 per cent in the processing and manufacturing industry in the first 11 months of this year. — Photo congthuong.vn Viet Nam’s index of industrial production (IIP) in November was estimated to edge up by 0.3 per cent over the previous month and 5.3 per cent over last November. The growth rate tended to slow down due to declining orders, higher input costs and shortage of raw materials, according to General Statistics Office (GSO). A recent survey conducted by GSO on the production and business activities of 6,500 enterprises showed many difficulties for all of them. Of which, they faced a strong reduction in orders of products, including export orders, leading to an increase in finished goods inventories. The lower orders made production slow, leading to lower efficiency of machinery and equipment. The report found that 26 per cent of surveyed enterprises said that new orders would decrease, while 28 per cent believed that new export orders would go down. About … [Read more...] about Viet Nam’s November IIP increases slightly

Delegates at the conference on Viet Nam-Canada investment opportunity in HCM City on December 2. — VNS Photo Bilateral trade between Viet Nam and Canada has increased significantly in recent years, but it is still not commensurate with its potential, and there is still plenty of room for growth, according to the Viet Nam Chamber of Commerce and Industry (VCCI). Speaking at a conference on Viet Nam-Canada investment opportunity in HCM City on Friday, Vo Tan Thanh, VCCI’s vice president, said bilateral trade turnover between the two countries increased from US$3.5 billion in 2017 to $6.0 billion in 2021. Trade reached $4.27 billion in the first seven months of 2022, with Viet Nam’s exports to Canada worth over $3.8 billion, he said. “Trade relations between the two countries have developed positively,” Thanh said. “Viet Nam boasts great potential for boosting exports of key products such as garments and textiles, footwear, agricultural products, and furniture to the Canadian … [Read more...] about Conference discusses investment opportunities between VN, Canada

Nitin Kapoor, chairman and general director of AstraZeneca Vietnam and Asia Area Frontier Markets in a meeting with Prime Minister Pham Minh Chinh. The company received a prestigious Certificate of Merit from Prime Minister Pham Minh Chinh for the company’s exceptional contributions. — Photo Courtesy of AstraZeneca Vietnam AstraZeneca Vietnam recently received a prestigious Certificate of Merit from Prime Minister Pham Minh Chinh for the company’s exceptional contributions to Viet Nam’s vaccine diplomacy efforts. AstraZeneca’s COVID-19 vaccine was the first to be approved, delivered, and used in Viet Nam. In total, over 72 million doses of the vaccine were supplied to the country through both an advanced purchase agreement and bilateral government donations. By independent estimates, in the first year of roll-out up to December 2021, this vaccine helped save over 232,000 lives in Viet Nam, preventing hospitalisations and deaths amid the fourth wave of the pandemic. In … [Read more...] about AstraZeneca awarded Certificate of Merit for contributions to Vietnam’s vaccine diplomacy

A customer at a Vietnam Cooperative Bank’s transaction office. The draft circular includes many regulations on internal credit rating, credit granting and debt group management. — VNA/VNS Photo The State Bank of Viet Nam (SBV) is collecting comments on its draft circular to deal with risks in the operation of cooperative credit institutions, including cooperative banks and people’s credit funds (PCF). Under the draft, the SBV mentioned many regulations on internal credit rating, credit granting and debt group management. At the same time, there are higher requirements in the application of digital technology to control risks. Dr Le Ha Diem Chi, lecturer at the Banking University of HCM City, said the new regulations will help the group of cooperative credit institutions avoid the risk of bad debt arising. According to Chi, the PCF group, which includes nearly 1,200 units and is a part of microfinance, has made an important contribution to poverty reduction and income … [Read more...] about SBV works to streamline legal framework for cooperative credit institutions

Workers during a shift at a textile manufacturer in Ha Noi. — VNA/VNS Photo There is still a lot of untapped potential for Vietnamese businesses in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) three years after it went into effect, said policymakers and industry experts during an online conference in Ha Noi on Thursday. Ngo Chung Khanh, deputy head of the Multilateral Trade Policy Department under the Ministry of Industry and Trade (MoIT), said Vietnamese businesses have been increasingly interested in taking advantage of the trade agreement, the largest of its kind signed by the Southeast Asian country in recent years. According to a survey conducted by the Department of Viet Nam Commerce And Industry (formerly known as the Vietnam Chamber of Commerce and Industry or VCCI), 9 per cent of businesses now said they possess a "deep understanding" of CPTPP, a significant improvement from just over 2 per cent from two years ago. During the same … [Read more...] about CPTPP still holds untapped potential for Vietnamese businesses

Visitors at the Vietnam International Baby Products & Toys Expo that opened in HCM City on December 1. — VNS Photo More than 300 leading businesses are showcasing 20,000 products in electronics and smart appliances, baby products and toys, and gifts and housewares at three expos opening in HCM City on December 1. The Vietnam International Electronics & Smart Appliances Expo showcases products in five main categories: machinery, electric devices and electronics; technology products and components; smart appliances and smart home, LED technology and lighting systems, and refrigeration and household electricity. The Vietnam International Baby Products & Toys Expo displays products in five categories: toys and accessories; educational products; strollers, baby equipment for cars; products for mom and infants; and fashion products. Products on display at the Vietnam International Gifts & Housewares Expo include smart home appliances, professional kitchen appliances … [Read more...] about Three international expos open in HCM City