Since 2014, Vietnam has paid attention to local enterprises. The freedom for people and enterprises to do business in industries and trades not banned or required conditions by the law has been legalized - PHOTO: THANH HOA Success is the major achievement of foreign direct investment (FDI) attraction in Vietnam over the past 33 years while shortcomings are still a minor aspect. However, if those shortcomings are not rectified early, FDI attraction over the coming time, for the immediate future to 2030, will not continue to fare as well as expected. In discussion over the theme “Continuing reform to attract FDI successfully,” besides necessary contents regarding shortcomings in FDI attraction over the past time, the author would like to deal with two contents: (1) Existing shortcomings which need urgent rectification; and (2) Development of the private sector to enhance the quality and efficiency of FDI in Vietnam. … [Read more...] about Private sector development to enhance FDI efficiency
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Supermarket coalition expected to help cut use of plastic bags
In order to minimise the use of such bags, the Hanoi Department of Industry and Trade held a working session with the Institute of Strategy and Policy on Natural Resources and Environment at the Ministry of Natural Resources and Environment. According to the department, 140 out of 170 supermarkets and trade centres in Hanoi have switched from plastic shopping bags to bio-degradable bags and multi-use shopping bags. The majority of facilities use food packaging materials made of bagasse and natural materials. Plastic bags used in a supermarket (Photo: VNA) … [Read more...] about Supermarket coalition expected to help cut use of plastic bags
URC Vietnam accelerates green turn
This year, URC Vietnam has received the Corporate Sustainability Index (CSI) award for the second consecutive year. What new initiatives and achievements in 2019-2020 allowed the company to maintain its position? Company CFO Alvin Geronimo URC Vietnam embarked on the sustainable development journey several years ago and this year has been particularly rewarding as we have achieved many significant milestones on our way to our sustainable development goals. Specifically, in 2019, URC Vietnam and 12 partners founded Packaging Recycling Organization Vietnam (PRO Vietnam) – an alliance for recycling packaging waste toward a circular economy model. … [Read more...] about URC Vietnam accelerates green turn
