Addressing the function, Hue stressed that over four days, the committee has completed the agenda for the session, making comments on eight bills and one resolution project containing legal regulations. The bills included five draft laws to be submitted to the N.A. for approval at the upcoming 4th session, slated for October. They are the Law on Petroleum (amended), the Law on Domestic Violence Prevention and Control (revised), the Law on Inspection (amended), the Law on Implementation of Democracy at Grassroots Level, and the law amending and supplementing articles of the Law on Radio Frequencies. Meanwhile, the three other draft laws will be submitted to the N.A. for the first time during the fourth meeting are the Law on Protection of Consumer Rights (amended), the Law on Civil Defense, and the Law on Anti-Money Laundering (revised). The top legislator said the success of the August session is an important step in preparation for the N.A.’s fourth sitting. He also requested … [Read more...] about N.A. Standing Committee wraps up law-making session
Farm produce stands
Meeting reviews and promotes CMC – HPC standing boards’ coordination
Vice Secretary of the CMC and Minister of National Defense General Phan Van Giang and Secretary of the HPC and Secretary of the Hanoi Capital Command’s Party Committee Dinh Tien Dung co-chaired the meeting. At the event, the two sides agreed that since 2017 they have jointly led the comprehensive implementation of the military and defense tasks and local socio-economic development, contributing to achieving all targets set in the 12th National Party Congress’s resolutions, and realizing resolutions adopted at the 13th National Party Congress, the 11th Military Party Congress, and the 17th Congress of Hanoi Party Committee. They have also directed the further building and consolidation of all people’s defense posture and people’s security disposition, and firm defensive area of the capital. Their effective collaboration has helped build a comprehensively-strong local military force with more modern materiel, high synergy, and high combat strength. In particular, a regular force is … [Read more...] about Meeting reviews and promotes CMC – HPC standing boards’ coordination
PVN plans to build US$19-billion oil refinery-storage complex
The move is aimed at ensuring the country's long-term self-sufficiency in oil and oil products. Vietnam National Oil and Gas Group (PVN) is planning to build an oil refinery complex worth up to US$19 billion in the southern province of Ba Ria – Vung Tau. The Nghi Son Oil Refinery plant in Thanh Hoa Province, North Central Coast of Vietnam. File photo In a proposal submitted to the Government, the PVN expected the investment would be conducted in phases, of which around 70% of the capital would be allocated for the first phase. According to the PVN, Vietnam's domestic market is set to face a shortage of 19.5 million tons of petroleum products every year by 2030, and the figure could rise to 49 million tons by 2045. At present, the domestic consumption of petrol products is estimated at 18 million tons per year. PVN forecasts the demand to continue rising to 25 million tons by 2025, and 33 million tons by 2030. However, the combined production capacity of … [Read more...] about PVN plans to build US$19-billion oil refinery-storage complex
International role key for methane emission cuts
Deputy Prime Minister Le Van Thanh on August 1 approved the National Strategy on Climate Change for 2050. According to the plan, by 2025, the total methane emission volume should not exceed 96.4 million tonnes of CO2 equivalent (CO2e), a decrease of 13.34 per cent from 2020. The limits on CO2 emissions will be applicable to such areas as cultivation (42.2 million tonnes) and animal husbandry (16.8 million tonnes). By 2030, Vietnam will develop and implement an action plan to reduce methane emissions by 30 per cent compared to 2020. Methane is the primary contributor to the formation of ground-level ozone, a hazardous air pollutant and greenhouse gas (GHG). Mitigating GHG emissions in agriculture is an urgent requirement because agriculture produces a substantial amount of it, which contributes greatly to global warming and climate change. According to the World Bank’s country report on climate and development for Vietnam, agriculture is the second-largest sector of GHG emissions, … [Read more...] about International role key for methane emission cuts
Parents propose for upgrade of school facilities before new school year
The Vietnam Fatherland Front Committee in HCMC holds a meeting on the preparation of the new school year 2022-2023 Speaking at the meeting this morning held by the Vietnam Fatherland Front Committee in HCMC on the preparation of the new school year 2022-2023, Mr. Nguyen Thanh Trung, Standing Vice Chairman of the Vietnam Fatherland Front Committee of Ho Chi Minh City, announced the results of parents ideas in an online survey. Mr. Trung said that currently, some districts in the southern largest city have more classrooms than their needs whereas other districts are short of classrooms. According to him, the results of a random online survey of 28,347 parents showed that the majority of parents appreciated the present tuition fee policy, the implementation of the admission procedure at the beginning of the year, the educational environment, and the curriculum. However, 6.6 percent of parents complained that donations and purchases of school supplies at the beginning of the … [Read more...] about Parents propose for upgrade of school facilities before new school year
Vinamilk brand in top of most valuable global brands
Vinamilk brand in top of most valuable global brands According to the annual report of the ‘Food and beverage’ industry of Brand Finance 2022, the Vinamilk brand has been valued at $2.8 billion, an impressive increase of 18 percent compared to 2021, and ranked in many major rankings in brand value. For this year's report, the UK’s Brand Finance has assessed more than 5,000 brands in 29 industries in 39 countries. With an integrated measurement method from many factors and indicators such as brand impact, brand health, and reputation, brand investment, combined with financial and market survey, the annual 'Food and beverage' report published by Brand Finance has helped provide brand health assessments transparently and fairly. In the field of ‘Food and beverage’, this year Vinamilk continues to “set a new record” when increasing its brand value by 18 percent, reaching US$2.8 billion, rising to the position of a potential brand. in the global dairy industry. This is also a … [Read more...] about Vinamilk brand in top of most valuable global brands
Moon cake brands prepare for upcoming mid-autumn festival
Customers buy moon cakes at a store in HCMC. (Photo Courtesy of KIDO Group) The market this year is forecast to be a special year as last year's festival was affected by the Covid-19 pandemic so sellers could not set up booths to sell moon cakes as usual. Food producer KIDO Group this year plans to sell over 300 tons of moon cakes under KIDO’s Bakery brand. The company said that KIDO’s Bakery moon cakes will hit the market from the beginning of this month. The cakes will be sold in both online and offline channels. Online, the cakes will be available on Lazada, Tiki, and Shoppe, and offline at nearly 600,000 KIDO stores and the Chuk Chuk tea and coffee beverage chain in Ho Chi Minh City and Hanoi. To date, the company has received orders from many companies and organizations who buy the cakes as presents for their staff and partners. Mondelez Kinh Do Vietnam announced that to ensure its moon cakes reach consumers easily, safely, and conveniently, this year, the company … [Read more...] about Moon cake brands prepare for upcoming mid-autumn festival
Vietnamese telecoms giants grappling with chip shortfall
At present, leaders of Vietnam Posts and Telecommunications Group (VNPT), the top provider of telecommunications services and digital solutions in Vietnam, are attempting to shelter from the storm of semiconductor chip shortfall and the ongoing negative pandemic impacts. MobiFone knows that just sticking to traditional business strategies will not cut it going forward, Le Toan General director Huynh Quang Liem explained that while COVID-19’s direct impact on the group’s performance has not been as serious as in 2021, many of its business activities still face difficulties that will possibly affect the company’s revenue and profit targets for 2022 as a whole. Together with interruptions in the global supply chains, shortages of semiconductor chips, and a rise in input material prices, service fees have fallen, which are also affecting business results for VNPT. The group reported that its consolidated profit rose 17 per cent on-year in the first six months of 2022, … [Read more...] about Vietnamese telecoms giants grappling with chip shortfall
Copyright cases rise in face of integration
Earlier this year, renowned Vietnamese animation studio Sconnect was the target of a lawsuit by US-based Entertainment One (EO), in which Sconnect’s Wolfoo franchise was sued for allegedly breaching EO’s Peppa Pig character set. Prior to the lawsuit, Wolfoo, a popular multi-language YouTube series based on a family of wolves, gained Sconnect international recognition along with a burgeoning merchandise business. Copyright cases rise in face of integration, illustration photo/ freepik.com The Court of Moscow in Russia on August 3 officially terminated the civil proceedings of the lawsuit, affirming that no breach of intellectual property rights has been linked to Sconnect’s Wolfoo character set against EO’s Peppa Pig character. However, the quickly-resolved lawsuit has nevertheless caused negative impacts on Sconnect’s reputation and business activities in the content creation industry. Talking with VIR, Sconnect’s head of Legal Pham Van Anh shared that the company had … [Read more...] about Copyright cases rise in face of integration
Partnerships key to green transition
While 2020 was one of the warmest years on record globally, Vietnam has just gone through another historical year of climate extremes. Last November was also decisive for the future of the planet as countries officially submitted their climate pledges at the COP26 climate summit. Dao Xuan Lai, head of Climate Change and the Environment at the United Nations Development Programme (UNDP) in Vietnam We see a skyrocketing demand for natural resources while witnessing the collapse of functioning ecosystems. You only need to drive a couple of hours outside of Hanoi towards Ninh Binh province with its iconic limestone clasts, synonymous with the beauty of northern Vietnam, to see these emblematic features being devoured by machinery to be used for stone mining and cement production. By 2050, global demand for materials such as plastics, steel, or cement is projected to increase by a factor of 2-4. More than 50 per cent of the world’s emissions can be traced back to our … [Read more...] about Partnerships key to green transition