Definition circular economy

Hanoi (VNA) – Plastic People has been the only Vietnamese innovator in the Top 5 of the Plastic Waste to Value Southeast Asia Challenge to tackle plastic waste mismanagement in the region. The challenge was jointly launched by The Incubation Network, in partnership with the Global Plastic Action Partnership, UpLink by the World Economic Forum, and the Alliance to End Plastic Waste, aiming to accelerate innovative solutions that are focused on p lastic recycling and upcycling in Indonesia, the Philippines, Thailand, and Vietnam. The top five innovators will be participating in the tailored development programme over the course of five months. The challenge received a total of 101 applications through the UpLink platform. Of the total, 48 shortlisted candidates were carefully assessed by academic researchers, corporate sustainability practitioners, innovators, and climate and circular economy specialists. The selected innovators will receive partnership building … [Read more...] about Vietnamese start-up enters top five innovators in plastic waste settlement

This is a framework cooperation oriented-agreement, aiming to assist Thua Thien Hue to achieve socio-economic development goals for the 2021-2025 period, thus addressing challenges facing of the local economy by digital technology, and speeding up digital economy and digital society. The MoU covers contents related to cooperation orientation principles; goals and areas of cooperation; establishment of foundation for strategic dialogue; development of joint action plans for projects; sharing knowledge, ideas and experience and engaging in dialogues with stakeholders. Under the MoU, the ADB will give periodic consultations to the local authorities within the framework of the national program between the Ministry of Planning and Investment, the Ministry of Finance and relevant ministries and sectors. The ADB will help Thua Thien Hue effectively implement projects using the bank’s capital; and identify potential projects on urban transport infrastructure, climate change adaptation, … [Read more...] about Thua Thien Hue, ADB sign MoU for inclusive, sustainable economic development

The deputy minister was speaking at the seminar "Danish experiences and solutions in sustainable agri-food production" on August 17. Tien underscored Denmark as one of the leading countries in agriculture and sustainable development. Denmark's experiences, he believed, would help Vietnamese firms speed up on the road to high-tech and climate-smart agriculture. Sanne Hoj Andren, Sector Counselor for Agri-Food at the Embassy of Denmark, revealed that strategic sector cooperation (SSC) is a partnership between Danish public authorities and Vietnamese ministries. The two countries have SSC in four areas comprising education, health, food safety and statistics. The overall objective of the food safety SSC is to improve feed quality and food safety in Vietnam's pork value chain. To that end, Danish authorities have been assisting Vietnamese partners in pork origin-tracing, controlling veterinary medicines, controlling food safety in meat processing and capacity building in risk-based … [Read more...] about Danish seminar shares agricultural experience with Vietnamese firms

Denmark, through strategic sector cooperation (SSC) with Vietnam, helps implement national action plan in agriculture while promoting the engagement of stakeholders in the value chain. Among issues shared at an event held in Hanoi on August 17, Vietnamese officials, experts, and businesses were impressed with the philosophy of “producing more from less” in Denmark’s agri-food sector. Denmark targets the climate-neutral food industry by 2050. Photo: Danish Agriculture and Food Council Troels Jakobsen, Trade Counsellor of the Embassy of Denmark, said Denmark produces three times more food than the Danish population can consume, with some of the lowest greenhouse gas emissions in Europe. The idea was shared at Seminar – Business Matchmaking held in Hanoi on August 17 to discuss Danish experiences and solutions in sustainable agri-food production. Meanwhile, Jeppe Søndergaard Pedersen, International Chief Advisor, the Danish Agriculture and Food Council, … [Read more...] about “Produce more from less”: Danish agricultural philosophy for Vietnam

The credit quality of real estate firms is at a good level with financial leverage below 1.5x. During the first seven months of 2022, over VND420 trillion (US$18 billion) was pumped into the real estate market. The figure could be raised to VND800 trillion ($34 billion) by the end of the year in case of favorable conditions. Investors looking at a real estate project in Me Linh District, Hanoi. Photo: Pham Hung Economist Can Van Luc, a member of the National Financial and Monetary Advisory Council, shared the view at a real estate forum held on August 17, noting the figure is huge compared to total investment capital for the economy. According to Luc, while transaction activities have been subdued in recent months, this would pose a golden opportunity to restructure the market for more sustainable growth. “In the past, real estate was widely seen as the first option when people explore fields to invest in, and that is a huge risk to the economy,” Luc said. … [Read more...] about Over US$34 billion set to pour into Vietnam’s real estate market this year

American agricultural products are available in many parts of Vietnam and some are becoming well-received in the country of 100 million people. Agriculture plays a prominent role in trade relations between the US and Vietnam, US Ambassador to Vietnam Marc Evans Knapper has said. US Ambassador to Vietnam Marc Evans Knapper at a press conference in Hanoi. Photo: NLD The ambassador shared the idea at the United Tastes of Food and Wine Reception held in Hanoi earlier this week in collaboration between the US Embassy, the California Milk Advisory Board, and the Nebraska Department of Agriculture. To boost the market share of American agricultural products in the Southeast Asian country, relevant agencies are working for further availability. “We are looking for ways to expand US agricultural imports into Vietnam,” Ambassador Knapper said. What Ambassador Knapper said might be true, based on the fact that American agricultural products are safe and … [Read more...] about [Vietnam-US relations] Agriculture – a prominent pillar in US-Vietnam trade: Marc Knapper

Nguyen Duy Hai, Director of the factory, said that the firm has mobilized more than 1,000 staff from contractors and experts serving the maintenance. This is a regular work with the highest number of items ever. However, it has prepared plans to ensure the supply of fertilizers to farmers ahead of the upcoming Winter-Spring crop. In order to ensure the supply of high-quality fertilizers to farmers in the crop, the PPVCFC has designed production and transport plans to provide its products to all regions across the country. For the crop, the company has prepared over 350,000 tons of fertilizer of all kinds such as urea, NPK, and OM Ca Mau organic fertilizer. Source: VNA … [Read more...] about PVCFC ensures fertilizer supply despite 14-day maintenance

This year's expo, with the theme “Growing Forward Together,” will take place at the Saigon Exhibition and Convention Center. It is expected to provide a great opportunity for Vietnamese travel agencies to recover and develop after the COVID-19 pandemic while connecting them with international partners and customers. 1,500 international delegates from travel agencies and brands, airlines, hotels, and resorts both at home and abroad have registered to attend the expo. Currently, the expo has 260 registered booths, and 210 among them are from foreign countries. The organizers have invited 160 international partners from 18 countries and territories such as the U.S., Australia, the U.K., France, Germany, Italy, Russia, Romania, Poland, Japan, the Republic of Korea, India, Thailand, and Singapore to join this year’s event. Within the framework of the expo, there will also be a high-level conference on tourism development policy with the participation of representatives of … [Read more...] about 16th International Travel Expo of HCM City to open on September 8

The project, to be located in Ba Ria – Vung Tau Province, will be developed in two phases, with 70 percent of funding needed in the first, the state-owned company said in a proposal. If approved, this will be the third oil refinery in Vietnam. Vietnam is set to record a shortage of 19.5 million tons of fuel annually from 2030 and 49 million from 2045, Petrovietnam forecast. Domestic consumption is now at 18 million tons a year and will reach 33 million by 2030, but two existing refineries, Dung Quat and Nghi Son, will only be able to produce at most 13.5 million tons by 2025, it said. Vietnam's current fuel reserve is as low as 5-7 days of consumption, which means it must be dependent on imports, it added. As the country has been spending billions of U.S. dollars annually to import fuel, an additional oil refinery and storage complex is necessary, Petrovietnam said. Ba Ria – Vung Tau is suggested because the southern region consumes the most fuel in the nation at 45 percent … [Read more...] about Petrovietnam eyes $18.5 bln refinery

Yerkin Tatishev, founder and chairman of Kusto Group During your visit to Vietnam, you identified and reconfirmed the potential of the Vietnamese market. Could you please share your investment strategy and plan for the coming years? Over the past 10 years, we have invested in different industries in Vietnam from cement to logistics and real estate. During that time, we also gained a lot of experience. The business results of the projects are different but in general, they are positive. Through this process, we have also built strong foundations for development in Vietnam such as a network of partners, friends, and a deep understanding of the local market. The Vietnamese government is stepping up investment in infrastructure such as roads, airports and many others, in which private companies are actively participating. Investment in infrastructure will create a positive growth engine for Vietnam. The nation's infrastructure system is changing very quickly and I firmly … [Read more...] about Kusto Group diversifies its business in Vietnam