Industry

Increased competitiveness According to Vice Chair of the Party Central Committee's Economic Commission Nguyen Duc Hien, Vietnam’s industries have developed intensively, with a number of industrial products exported on a large-scale occupying a strong position in the world market. According to the United Nations Industrial Development Organization (UNIDO), the global competitiveness ranking of Vietnam’s industrial sector increased from 58th in 2015 to 42nd in 2019. Deputy Minister of Industry and Trade Do Thang Hai emphasized that Vietnam’s industrial competitiveness has significantly improved, and UNIDO's Industrial Competitiveness Report has moved Vietnam from the group of “developing economies” to the group of “emerging industrial economies”. However, the Deputy Minister also frankly admitted that the process of industrialization and modernization still faces difficulties. The domestic industry remains weak by and large, while the competitiveness of domestic …

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A scene in the animation film, "Con Chim Go" (Wooden Bird) The film, "Con Chim Go" (Wooden Bird), produced by Vietnam Animation Joint Stock Company won the Golden Lotus Award and Best First Feature Film Director award at the 22nd Vietnam Film Festival. The film previously scooped top prizes, the Golden Kite Award and Best Director award at the Golden Kite Awards 2020. Animated movies ranked 2nd among the categories with the largest number of submissions in the 22nd Vietnam Film Festival. Chairwoman of the board of directors of the Vietnam Animation Joint Stock Company, Tran Thi Thu Hien said that the company has prepared an animation project and planned to kick off the work in 2023 and release the movie in 2025. In 2028, Director Dinh Kieu Anh Tuan announced a project of an animated feature film titled Hanh Trinh Nhan Qua (A journey of causality) that was set to make its debut in the 2020 summer. But the film is still under production due to some changes in strategy and the …

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A total 11,826 cars were registered Wednesday, compared to around 1,200 a day in the last week of November, according to the General Department of Taxation. Wednesday was the first day a government decree, which gives locally produced and assembled cars a registration fee discount of 50 percent for six months, came into effect. The day's figure alone exceeds the total number of registration in August at 8,800 units. "We are mobilizing all our staff to resolve the surge in demand for registration," a media representative of the taxation department said. Car dealers have also seen the number of customers triple after the new decree was announced. This is the second time in the last two years such a cut is being made to mitigate the difficulties faced by the auto industry due to the Covid-19 pandemic. In the first six months last year, 17,600 cars were bought on average each month. In the second half, when the 50 percent cut took effect, sales doubled. Registration fees …

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PM Pham Minh Chinh speaks at the meeting (Photo: VNA) He made the request while chairing the regular Government meeting in Hanoi on December 2 to review socio-economic performance for November and 11 months of this year, the Government’s draft Resolution on key tasks and measures for 2022 socio-economic development and State budget estimate. The PM asked ministries, agencies and localities to closely grasp the situation, especially the pandemic, continue raising public awareness of pandemic prevention and control, focus on public investment capital disbursement, fine-tune mechanisms to submit to the NA’s upcoming meeting, as well as continue with administrative reform and social welfare guarantee. About 2022 socio-economic development plan, he required that its goals must be close to realities and ensure harmony between economic development and culture, environment, as well as among industry, agriculture and services, in line with the Party Central Committee and National …

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He made the statement at a workshop on investment opportunities in Vietnam in 2021 which was organised by the Consulate General of Vietnam in New South Wales, South Australia and Queensland in collaboration with the Department of External Affairs of the Ministry of Foreign Affairs. The workshop aimed at providing information on policies and the investment environment in Vietnam to Australian investors who want to learn more about the Vietnamese market and creating a channel to connect business communities of the two sides, offering opportunities for them to exchange with each other. The Vietnamese deputy minister affirmed that the Vietnam - Australia relations have become stronger than ever, reflected in the elevation of bilateral cooperation to a comprehensive partnership in 2009 and a strategic partnership in 2018. In particular, in early November, Vietnamese Prime Minister Pham Minh Chinh and his Australian counterpart Scott Morrison announced an enhancement strategy on economic …

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Speaking at the signing ceremony, Chairman of the provincial People’s Committee Tran Quoc Van said over the past time, Hung Yen has poured investments in infrastructure and high-quality human resources to better meet requirements of domestic and foreign investors. Hung Yen always supports businesses, helping them remove difficulties in a timely manner, he said, asking investors to quickly inform the People’s Committee about their roadblocks through the committee’s hotline. The province has also created favourable conditions for businesses to train labourers, and commits to streamlining administrative procedures, the official added. LH Chairman Kim Hyun-jun said the MoU is expected to contribute to enhancing the bilateral cooperation mechanism to build smart cities that are competitive in Vietnam and the world at large. Currently, LH and TDH Ecoland JSC based in Hung Yen are partnering in building a clean industrial park covering 140ha in the province. Source: VNA …

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The event, which is organized by the Vietnam Trade Promotion Agency (Vietrade) under the Ministry of Industry and Trade (MoIT), will last until January 1 next year. Speaking at the launching ceremony, Deputy Minister of Industry and Trade Do Thang Hai said, with a diverse and harmonious combination of traditional and e-commerce activities, the national promotion month is expected to attract the participation of enterprises in all fields and economic sectors of Vietnam as well as the response of a large number of customers across the country. The close coordination between state management agencies in guiding promotional activities of enterprises will contribute to ensuring transparency and full compliance with regulations as well as the efficiency of businesses and the interests of consumers, he said, adding that enterprises can carry out promotion programs with special offers of up to 100 percent during the month. The MoIT believed that with the response of localities, …

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The event is held online by the Vietnam Software and IT services (VINASA) in collaboration with several units, and is broadcast on media platforms for three days. This is an opportunity for ministries, sectors, localities and businesses to exchange ideas, and discuss and propose solutions to make Vietnam go faster on the national digital transformation journey. Deputy Minister of Information and Communications Nguyen Huy Dung said that 2021 is the first year implementing the socio-economic development plan for 2021-2025, and also the year Vietnam has to face many difficulties and challenges caused by the COVID-19 pandemic. In the current context, digital transformation has become an inevitable trend and a new driving force to promote socio-economic development, thus contributing to driving back the pandemic. At the national level, the National Committee for Digital Transformation has been established on the basis of consolidating the National Committee on E-Government, making …

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The construction of Conic-Lang Co Resort on Jan. 13 was started in Chan May Industrial Park, Phu Loc district, Thua Thien-Hue by Gia Minh Conic Company (Conic Group). The resort will be constructed on an area of 10ha at the cost of VND 400 billion. It will include 200 sitting rooms, 40 five-star villas, international standard convention halls. The construction has been scheduled to end in Dec. 2009. On the same day, Lap An Investment and Development JSC, a joint venture between Gia Minh Conic and Lap An Development companies (a subsidiary of Danish property group Nordica Properties), received an investment licence from the Thua Thien-Hue People’s Committee to carry out the Lap An-Lang Co resort and golf course complex project. The complex will be located on the total area of 145ha with more than 800 villas and high-level apartments besides a nine-hole golf course. A Venice-style channel system will be built in the area in addition to 23 artificial islands in Lang …

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Despite decades of economic growth, Asia-Pacific accounts for about two-thirds of the world's 2 billion informal workers, in sectors from industry to agriculture, according to the International Labor Organization (ILO). The rate of informal employment across the region, including those in part-time and temporary jobs without social protection, is on average 68 percent of the workforce. That poses a challenge to Asian governments seeking to shift to a low-carbon economy and employ a larger share of labor in areas such as renewable energy, officials told an ILO forum on the theme of "just transition" this week. Amina Maharjan, an expert on livelihood and migration in Nepal with the non-profit International Centre for Integrated Mountain Development, said it was important to ensure informal workers do not simply lose their traditional livelihoods. Laborers work at the construction site of a residential complex on the outskirts of Kolkata, India January 23, 2016. Photo by …

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