Low carbon trust

Economic value The Ministry of Natural Resources and Environment recently coordinated with the Party Central Committee’s Economic Commission and relevant units to organize a forum on sustainable development of Vietnam's marine economy in 2022 in Phu Yen Province. Deputy Minister of Natural Resources and Environment Le Minh Ngan told the gathering that marine tourism brings 70 percent of revenue to the country’s tourism industry; sea freight transport reached 85.1 million tonnes; oil and gas production reached 18.43 million tonnes (crude oil production was 10.97 million tonnes). The output of fisheries production reached 3.92 million tonnes; and aquaculture 4.805 million tonnes. Investment in infrastructure development is needed to connect dynamic coastal economic zones Investments have been poured into construction of traffic infrastructure connecting big economic urban centers and economic zones to sea ports, and linking northern with southern, eastern with … [Read more...] about Vietnam’s marine economy unleashes major potential

On June 29 in Dong Nai, USAID and the Enterprises Development Agency under the MPI organised the workshop themed “Improving packaging technology and design to enhance competitiveness and efficiency”. At the workshop, businesses were updated on information about the latest design technology. Besides this, they received support to design suitable packages with their products to increase their value. One day earlier in Ho Chi Minh City, the two parties also organised a training workshop on the reduction of greenhouse gas emissions and initial solutions for businesses. Rasmus Nedergaard, an expert on sustainable strategic planning, introduced proactive solutions to reduce emissions for businesses. Other experts also introduced updated information on carbon markets, carbon trading, and existing solutions in Vietnam. The two workshops were part of the Vietnam Private Sector Competitiveness Enhancement Project (USAID IPSC) with a total budget of $36 million, which is currently … [Read more...] about USAID cooperates with MPI to ready enterprises for the future

Vietnam exports nearly 2.77 million tonnes of milled rice in the first five months of 2022. (Photo: VNA) Hanoi (VNA) – As many countries in the world have limited food exports to guarantee domestic food security , rice – a staple in most of Asia – is forecast to witness surging prices in the time ahead, which is said to be a chance for Vietnam – one of the world’s largest rice exporters. Vu Thi Hue, head of the export - import division of the Dai Duong Xanh Export - Import Co. Ltd, said while lower wheat output and higher production costs have forced many countries to seek alternatives, rice is a suitable choice with good prices. So a bright prospect could be seen for both export volume and prices in the time ahead. In the first five months of 2022, nearly 2.77 million tonnes of milled rice worth over 1.35 billion USD were shipped abroad, rising 6.6% in volume but declining 4% in value year on year, according to preliminary data from the General Department of Vietnam … [Read more...] about Bright outlook predicted for rice exports

The construction site of the Lotus Garden project at Phu My District, Dong Thap Province.-VNA/VNS Photo The project has an initial outlay of nearly VND530 billion (US$23 million), financed by the Phuong Nam Transport Construction Exploitation JSC (PNC). There are around 504 apartments and 14 commercial buildings in its construction plan, which is expected to be completed in Q2/2025. The Provincial Department of Construction (PDC) revealed that to date, the project investors have not secured a construction permit and proof of land use rights and have not handed in an appraisal dossier. As a result, they are not legally allowed to make sale announcements. However, the investors are beginning to market their apartments through issuing "Reservation forms" and "Agreement to purchase forms." Similar offers can also be found on social networks, where home buyers can secure the right to buy apartments by putting down deposits. Le Van Ngot, deputy director of PDC, said that his … [Read more...] about Investor puts apartments up for sale before securing land rights

Land split into lots for sale. The real estate market was slowing down on the tightening of credit flow into certain segments.-VNA/VNS Photo In recent years, land prices increased rapidly despite the impact of the COVID-19 pandemic. According to a report by the Department of Housing and Real Estate Market Management under the Ministry of Construction, land prices, especially in localities planning or developing infrastructure saw whopping increases. The moves to control credit flow into the real estate sector and land lot split were cooling the market, with falling liquidity but prices staying at high levels. A report by real estate portal batdongsan.com.vn showed that searches for property on sale via the portal in the first five months of this year dropped by 11 per cent against the same period last year. Nguyen Quoc Anh, deputy director general of batdongsan.com.vn, said the market was slowing down significantly with interest in buying a property decreasing by 9 per … [Read more...] about Real estate market slowing down, experts divided on bubble risk

A Vietjet flight (Source: Vietjet) Hanoi (VNA) - Budget airline Vietjet Air on July 1 resumed its air route linking Hanoi and Busan, a beautiful coastal city in the Republic of Korea (RoK). Initially, Vietjet will operate three return flights per week on Wednesdays, Fridays and Sundays, which will be made daily from July 12. On the occasion, the airline has offered a an unprecedented price of 280,000 VND (12 USD) per leg, excluding taxes and fees, for tickets in air routes between Vietnam and the RoK. Tickets are available for sale with many promotions every day on website www.vietjetair.com, Vietjet Air mobile app, Facebook www.facebook.com/vietjetvietnam or nationwide and international tickets offices and official agents. In particular, when booking and paying via Vietjet SkyClub, passengers can enjoy free payment fees. Not only having beautiful beaches with stretching white sand and charming natural scenery, the coastal city of Busan is also an endless shopping … [Read more...] about Vietjet reopens Hanoi – Busan (RoK) air route

NA Chairman Vuong Dinh Hue (L) and Speaker of the UK's House of Commons Lindsay Hoyle. (Photo: VNA) Hanoi (VNA) - National Assembly (NA) Chairman Vuong Dinh Hue's visits to Hungary and the UK from June 26-30 concluded successfully, thus greatly promoting the Vietnam-Hungary comprehensive partnership and deepening the Vietnam-UK strategic partnership, said Vu Hai Ha, Chairman of the NA's Commission for External Relations. Ha told the press that the NA leader’s visit to Hungary, the first comprehensive partner of Vietnam in Central and Eastern Europe, took place when the two countries have just celebrated the 72th founding anniversary of diplomatic relations and are looking towards the 5th founding anniversary of comprehensive partnership. The Vietnamese leader’s talks and meetings with Hungarian leaders took place in a sincere, open and trustful atmosphere, Ha said, adding that Speaker of the Hungarian NA László Kövér and Hungarian Prime Minister Viktor Orban underlined … [Read more...] about NA Chairman’s visits enhance Vietnam’s ties with Hungary, UK

A worker at a factory of Hung Viet Garment JSC (Photo: VNA) Hanoi (VNS/VNA) - Textile and garment export turnover in the first six months of 2022 is estimated to increase 23% on-year to about 22 billion USD, reaching the highest level ever, according to the Vietnam Textile and Apparel Association. Of which, the US market played an essential role for the industry. Data from the General Department of Customs of Vietnam showed that textile and garment export s in the first five months of 2022 to the US market increased by 26% over last year to 7.58 billion USD, accounting for 57% of the total value of Vietnam’s textile and garment exports. The newly updated report by Viet Dragon Securities JSC (VDSC) said that these figures imply that the prospects of the country’s textile and garment industry will depend heavily on economic development s in the US market. However, in the second half of 2022, VDSC forecasts that the demand for textiles and garments will tend to decrease … [Read more...] about Textile enterprises’ results mixed in second half of 2022

Hanoi (VNA) - The Philippine Tariff Commission (TC) has announced the final conclusion on a safeguard investigation on High-Density Polyethylene (HDPE) pellets imported from many countries, including Vietnam . According to the Vietnamese Ministry of Industry and Trade (MoIT)'s Trade Remedies Authority, TC proposed the imposition of 2% safeguarding duties on the product within three years to prevent the adverse impacts caused by imported HDPE pellets on the domestic production. However, the authority said that the HDPE pellets imported from Vietnam is not subject to the tax rate, as Vietnam is on the list of developing countries with the import volume of under 3%. In the next two weeks, the Philippine Department of Trade and Industry (DTI) will give an official decision on the issue. On June 3, DTI decided not to impose any safeguarding duties on Linear Low-Density Polyethylene (LLDPE) pellets imported from Vietnam as there was no increase in imports of LLDPE pellets … [Read more...] about Vietnam’s HDPE pellets not subject to safeguarding duties in Philippines

A two-day event kicked off in Ho Chi Minh City on Thursday afternoon, featuring an exhibition and various discussions on the cooperation between Vietnam and Sweden in the field of sustainable development. Named ‘Pioneer the Possible,’ the program is organized by the Embassy of Sweden in Hanoi, Swedish Trade and Invest Council, Ho Chi Minh City People’s Committee, and Vietnam Chamber of Commerce and Industry at the New World Saigon Hotel in District 1 on Thursday and Friday. The event is aimed at enhancing the Vietnam-Sweden cooperation in sustainable development by presenting the green solutions of Swedish businesses and promoting Sweden’s effort to become a center of innovation and sustainability. Swedish Ambassador to Vietnam Ann Måwe delivers an opening speech at the ‘Pioneer the Possible’ program in Ho Chi Minh City, June 2, 2022. Photo: Duy Khang / Tuoi Tre The program features an exhibition that introduces Sweden’s climate strategy via positive changes and … [Read more...] about ‘Pioneer the Possible’: Sweden, Vietnam jointly work toward sustainable development