Global market

The development of supporting industries has yet to catch up with the growth and demand of FDI enterprises, as Vietnamese enterprises are mainly micro, small and medium businesses short of capital and technology, so they cannot meet the requirements to produce components and parts of the main products, especially those which require hi-tech investment; the training of high-quality manpower for the supporting industries is still inadequate and weak; and though policies to develop the supporting industries are available, enterprises are generally let to manage by themselves. Private enterprises qualified for spearhead areas of the supporting industries have not yet been selected to develop links in the global supply chain in Vietnam. Though State-owned enterprises hold huge assets of the country, most of them are unable to build links in the global supply chain in Vietnam. … [Read more...] about Private sector development to enhance FDI efficiency

During the pandemic, start-up offline activities were limited, however, it also created opportunities for localities to connect through online platforms. The National Start-up Support Centre and Sai Gon Innovation Hub (SIHUB) are working with Binh Duong Province’s community start-up idea centre to build an inno-tech platform which connects mentors, start-ups and investors. We want a series of start-up events will be organised on this platform to develop new ideas, offer training, connect with international markets and call for investment. … [Read more...] about Supporting start-ups to adapt to new normal

Hanoi (VNA) – An initiative to form a supermarket coalition is being developed with the support of the EU and the German Government, aiming to reduce the use of plastic shopping bags and protect the environment. According to Fanny Quertamp from Expertise France, the project is a chance for Vietnam to take specific action to cut plastic waste, and she expressed her hope that the project will receive the active engagement of supermarkets around the country. As part of efforts to implement the initiative, Hanoi is working with relevant agencies towards the formation of the coalition. The city has received support from local supermarkets. A representative from Lotte Mart Ba Dinh said that foreign customers strongly support the scheme and are willing to pay for environmentally-friendly shopping bags. Many Vietnamese customers, however, are not happy, so stronger communication campaigns are needed to raise public awareness. A BigC representative said the scheme should be introduced … [Read more...] about Supermarket coalition expected to help cut use of plastic bags

As a leading food and beverage producer, URC’s operations are bound to be heavily reliant on materials and produce waste. What initiatives have you launched to tackle this? Putting sustainability at the core of our business, we are fully aware of our responsibility to care for the environment and society while growing our business. For several years now, we have been implementing initiatives to improve the efficiency of water, energy, and waste management. All URC factories have reverse osmosis systems and reuse the water cleaned by it, as well as utilise clean energy such as compressed natural gas and biomass energy to protect the environment. Besides that, industrial waste is treated by contractors for recycling and is used as raw materials to produce pavement bricks and fertiliser, among others. Our facilities are certified with ISO 14001:2015 – an industry-leading accreditation for environmental management systems. … [Read more...] about URC Vietnam accelerates green turn

Tet is the biggest and most important festival in Vietnam. It is a time when millions of migrant workers return to their homes in the countryside from major cities to mark the coming of the Lunar New Year with loved ones. The Lunar New Year is also celebrated by several other Asian communities around the world. … [Read more...] about HCMC gets busy with welcome party for Lunar New Year