Discuss structural and behavioural adaptations for reducing water loss

Saravoot Yoovidhya, CEO of TCP Group, announced the new corporate purpose in Vietnam From 2022 to 2024, TCP Group is further driving the organisation towards sustainable business growth and creating a positive impact on society and the environment, locally and globally. "Five years ago, we announced the synergy of our various businesses into TCP Group, and we have been working towards sustainable development goals ever since. Up to now, events like COVID-19 and digital transformation have tremendously affected business, society, and the environment. We, therefore, are revisiting our purpose and strategies in every aspect to prepare for the volatile future and to create growth for the organisation while energising the sustainability of the world with a new purpose, called Energising A Better World For All,” said Saravoot Yoovidhya, CEO of TCP Group. Throughout its over 60 years of operation, TCP Group's priority has been to ensure the development of the economy, society, and … [Read more...] about TCP Group’s CEO announced a new corporate plan

Chairman of the Korean Business Association in Viet Nam, Shon Young Il, speaks at a dialogue between Korean business executives and HCM City authorities on June 24. — VNA/VNS Photo Xuan Anh The chairman of the Korean Chamber of Commerce and Industry in Viet Nam, Shon Young Il, has called on HCM City authorities to help Korean firms resolve difficulties they face in investing and operating in the city. Shon was speaking at a meeting between Korean business executives and city officials late last week organised by the People’s Committee and Korean consulate general in the city. The meeting was held to review the performance of Korean enterprises and for the city officials to listen to their problems and offered solutions. The problems discussed included some related to labour, with Shon saying a number of businesses complained about difficulties in obtaining work permits for foreign workers. Reducing costs, including salaries, is an imperative part of doing business, and so … [Read more...] about HCM City promises to ease problems faced by Korean investors

National Assembly Chairman Vương Đình Huệ addressed the Việt Nam-Hungary legislative conference in Budapest on Monday. — VNA/VNS Photo Doãn Tấn BUDAPEST — Chairman of the Vietnamese National Assembly (NA) Vương Đình Huệ and his Hungarian counterpart László Kövér co-chaired a legislative conference in Budapest on Monday, with a focus on the legal framework on greenhouse gas (GHG) emission reduction, renewable energy, and the green economy. In his remarks, Kövér said Hungary was always determined to protect the environment, which is clearly reflected in its development orientations and legal regulations. Its climate policy was adapted to the European Union (EU)’s requirements but didn’t neglect its own features and its people’s interests. Hungary was one of the first countries to issue legal mechanisms for realising the goals of reducing 40 per cent of GHG emissions by 1990 and achieving climate neutrality by 2050. Its law on environmental protection includes mechanisms for … [Read more...] about Việt Nam – Hungary legislative conference talks legal framework for green development

Tan Phu Plastic Company produces safe products to serve the local market. The Zero COVID policy in China means many Vietnamese producers lack input materials. — Photo courtesy of the firrm While many exporters and producers had orders for 2022, they are worried about a possible shortage of production materials because of supply disruptions from China. The worst sufferers were the electronics, wood, textiles, and footwear industries. According to the Ministry of Industry and Trade (MoIT), China was an important market for the export and import activities of Viet Nam as it provides the majority of input materials for Viet Nam's production, especially electronic components, machinery parts, fabrics and chemicals. MoIT said from 50 to 55 per cent of raw materials and accessories for the textile, garment, and footwear industries originated from China. The country was currently implementing the "Zero COVID" strategy, which forced many factories there temporarily stop production to … [Read more...] about Local enterprises lack materials due to China’s ‘Zero COVID’ policy

HCM City has decided to shorten the process of licensing social housing projects. — VNA/VNS Photo HCM CITY — HCM City has decided to shorten the process of licensing social housing projects from 500 days to 133 if developers use private lands and 217 days if they use unencumbered public land they have to bid for. The People's Committee met several times every week to discuss the problems plaguing housing projects, its chairman, Phan Văn Mãi, said. “The guidelines for investment procedures to build accommodation for workers will be issued by July 15 at the latest. Detailed information will be sent to the people's committees of districts and management boards of export processing zones and industrial zones in HCM City.” With regard to investment and renovation of old apartments, he admitted there were a number of problems from determining financial obligations and choosing investors and meeting residents. Discussions with the Ministry of Construction have helped resolve some … [Read more...] about HCM City abridges social housing investment process

In his speech at the event, Thang stressed that the establishment of VAC aims to realize the Joint Statement of the Prime Ministers of the two countries in September 2019, and is an important highlight in the strategic partnership between Vietnam and Australia, as well as a practical activity towards the 50th founding anniversary of the diplomatic relations between the two countries. The opening of this portal is a necessary initial step for the development of the center, which is hoped to contribute to improving the capacity of Vietnamese officials and managers to meet the requirements of integration and development of the country, and to strengthening up the sustainable Vietnam-Australia cooperation. Penny Wong, who is on an official visit to Vietnam from June 26-28, said the VAC will play an important role in enriching the knowledge of future Vietnamese officials trained at the academy, as well as promoting cooperation and strengthening links between the people of the two … [Read more...] about Vietnam-Australia Center’s portal makes debut

Hungary was the first European Union state to approve the EU-Vietnam Investment Protection Agreement (EVIPA). Vietnam and Hungary are expected to sign an agreement on cooperation between the two parliaments in replacement of the one inked in 2008. Chairman of Vietnam’s National Assembly Vuong Dinh Hue and István Jakab, Deputy Speaker of the National Assembly of Hungary, in Budapest on June 26 (local time). Photos: VNA The agreement would be signed during the visit to Budapest by Chairman of Vietnam’s National Assembly Vuong Dinh Hue on June 26-28 at the invitation of Speaker of Hungary’s National Assembly László Kövér. The parliamentary cooperation is evidence of the Comprehensive Partnership agreed in 2018 during the visit paid by General Secretary of the Communist Party of Vietnam Nguyen Phu Trong to the European country. The cooperation agreement is believed to cover three main fields namely the exchange of visits of high-profile officials and … [Read more...] about Vietnam, Hungary to sign new parliamentary cooperation agreement

The Ministry of Finance is working on amending and supplementing Decree No. 153/2020/ND-CP on private offering and trading of corporate bonds in the domestic and international markets. — Photo baogiaothong.vn The Vietnamese stock market has gone through nearly half of 2022 with turbulence and remarkable events, especially the Government's crackdown on illegal activities manipulating the market. At the moment, the market is struggling as both liquidity and the benchmark index fall sharply. Experts said that monetary policy tightening from the US Federal Reserve (Fed), prolonged Russia-Ukraine conflict and China's zero COVID policy will indirectly affect the country's stock market. Stock market crackdown In the first half of 2022, many big business owners such as Do Thanh Nhan, Chairman of the Board of Louis Holdings Group and Le Anh Dung, President of Tan Hoang Minh Group, were arrested for illegal activities in the stock and corporate bond market. These cases showed the … [Read more...] about Stock market faces bumpy ride in second half of 2022