Hanoi (VNS/VNA) - The Ministry of Construction has announced a national action plan on green growth in 2020-2030 focusing on reducing greenhouse gas (GHG) emissions and implementing the Paris Agreement. According to Deputy Minister Nguyen Tuong Van, the goal of the plan is to reduce greenhouse gas emissions in construction materials production and develop construction works, urban areas and technical infrastructure for new urban areas that suit the Government's commitment for achieving green growth. The plan also aims to complete institutions and policies to support and encourage businesses to improve technology, enhance production management and construction capacity to reduce emissions and improve the management capacity of the Ministry of Construction on reducing GHG emissions. To accomplish the targets, the ministry has set out four main tasks, including mitigating GHG emissions, adapting to climate change, preparing resources and establishing a transparent and public system of … [Read more...] about Construction industry issues action plan on emissions
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Objectively, many transport experts said that the State needs to provide more support mechanisms, such as propaganda, building a legal corridor for the floor to operate. In the past time, most of the transactions between shippers and transporters were done in the old way, which is connected stably and has certain benefits to each other. Therefore, changing the method and putting these transactions on the floor is not easy, it takes time and the support of management tools for enterprises to get used to the new method, creating motivation in the initial time. … [Read more...] about VIETNAM’S BUSINESS NEWS HEADLINES AUGUST 10
Hanoi (VNA) – Hanoi spent over 56.5 trillion VND (2.4 billion USD) on the development of agriculture, new-style rural areas, and farmers’ living standards between January 2016 and June 2020. The information was reported at a working session on August 6 between a delegation led by Deputy Minister of Agriculture and Rural Development Tran Thanh Nam and the steering board for the Hanoi Party Committee’s Programme 2 on rural development for 2016-2020. At the function, Chu Phu My, director of the municipal Department of Agriculture and Rural Development, said in spite of African swine fever and COVID-19, the city’s agro-forestry-fishery in the first half of 2020 grew 1.61 percent year-on-year. According to him, Hanoi has so far carried out land allocation on 79,454 hectares. It is home to 164 high-tech farming models and 141 agricultural production connection models. As a result, local farmers are following more sustainable practices to turn out branded products … [Read more...] about Hanoi spends over 2.4 billion USD on rural growth in five years
Thirdly, Viet Nam should not compete with other countries to court more foreign capital by only offering investment incentives, as this can distort resource allocation and will not have a meaningful impact in the long run. The country will be more attractive to foreign investors if it can correct its weaknesses and shortcomings, such as improving the capacity of capital absorbency, perfecting logistics infrastructure, upgrading workers’ skills and ability, and reforming institutions. … [Read more...] about Can Vietnam could take advantage of new foreign investment strategies?
Another factor was that mechanical projects required very huge investment, Sang said, adding that most Vietnamese firms lacked such huge capital while the Government’s support remained limited. In addition, the part-supplying industry for the mechanical industry had not been developed. … [Read more...] about Policies needed to promote mechanical engineering in agriculture