Vietnam targets ecological, sustainable agriculture Vietnam is striving to become a transparent, responsible and sustainable producer and supplier of food and foodstuff under a draft strategy on agricultural and rural development for 2021-2030 with a vision towards 2050. The strategy, which was sketched out by the Ministry of Agriculture and Rural Development (MARD), targets ecological and sustainable agriculture. Vietnam’s commitments at the United Nations Food Systems Summit and the 26th United Nations Climate Change Conference of the Parties (COP26) have been integrated into the strategy. The agricultural sector is facing challenges presented by the rapid industrialisation and urbanisation, intensive and extensive international integration, the Fourth Industrial Revolution, natural disasters, diseases, climate change, and great changes in consumption markets. Dragon fruit business seek to penetrate deep into Indian market Dragon fruit businesses of Binh … [Read more...] about VIETNAM BUSINESS NEWS JANUARY 19
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'Great things often come from the simplest things'. This might be the best description for the tech world in 2022. The key technologies of the future come from the research and development labs. Self-driving cars will appear on the streets, augmented reality glasses will become more popular, governments around the world will control Big Tech more strictly… 2022 may be the pivotal year for many new technologies to take off. Emerging technologies Rodney Zemmel, an official at McKinsey Digital, said quantum computing is still at a relatively early stage of development. However, we've already seen the real advancements of this technology, and it's time for technology leaders to consider its impact on business. In 2022, the world will see the ecosystem grow faster, investments increase more strongly, and breakthrough research accelerated. In 2021, investments in quantum computing startups surpassed US$1.7 billion, doubling that in 2020. The momentum is expected to be … [Read more...] about What should we expect in the world of technology in 2022?
Headquarters of the State Bank of Vietnam . (Photo: SBV) Hanoi (VNS/VNA) - Governor of the State Bank of Vietnam (SBV) Nguyen Thi Hong has issued Directive No.01/CT-NHNN on organising the implementation of the key tasks of the banking sector , with a focus on improving credit quality and tightly controlling loans to potentially risky industries. Accordingly, the Governor has required banks to take necessary measures for controlling credit size and growth, focusing loans on production and priority fields in accordance with the Government's policy to support economic recovery and development, while strictly controlling loans for potentially risky areas such as real estate, the stock market, Build-Operate-Transfer (BOT) and Build-Transfer (BT) transport projects. Banks must accelerate the implementation of measures to control and limit any newly arising bad debts and maintain the bad debt ratio below 3 percent, the Governor said, adding the SBV’s authorities would … [Read more...] about Central bank focuses on improving credit quality
Employers want to keep hold of workers, but some in many industries are struggling to stay afloat, , Photo Le Toan Thousands of employees at Taiwan-owned shoemaker Pouchen Vietnam in the southern province of Dong Nai last week returned to work after a 4-day strike when the company announced lower bonuses. They requested that the company should offer the same bonus as last year, but Pouchen said they could only stretch to offering gift packages this year and increasing the bonus next year if better revenues are achieved. Employees who work for one year will receive a one-month wage, which will steadily increase with seniority. For individuals who have worked for 12 years, they will receive a 1.54-month salary for the bonus. Meanwhile, it was 1.9 months of income in 2021 and even up to 2.2 months in prior years. Pouchen Vietnam said it was unable to offer the same Lunar New Year bonus level as last year due to the pandemic, with the company failing to meet its business targets … [Read more...] about Expectations muted for holiday bonus
By Phan Huu Thang Senior director, GIBC With a solid vision for the future, Vietnam has created a concrete foundation to bounce back stronger in 2022, with the amendment of a variety of important laws that help improve its business climate, in addition to the free trade network with the European Union, the United Kingdom, and other countries. The government targets GDP growth of 6-6.5 per cent in 2022 despite the likely challenges the current pandemic could pose. These factors are foundations for a bright outlook for foreign investment attraction this year. The problem now is how to effectively attract more capital inflows. At present, a lot of industrial real estate groups are now allocated land for developing infrastructure to welcome investors. However, there is a situation where these developers just implement land clearance as part of the land plots, and the remaining part will be completed when they attract manufacturers. For example, statistics from Ho Chi Minh City … [Read more...] about Mission to promote foreign-invested capital inflows
Garment products are made by workers of Tainan Enterprises Viet Nam Co in the Mekong Delta Province of Long An which ranked second among 59 localities with US$3.84 billion or equivalent to 12.3 per cent of the nation's total investment in 2021. — VNA/VNS Photo Minh Hung The Cuu Long (Mekong) Delta region, which covers 13 cities and provinces, has many advantages for attracting investment, especially foreign direct investment (FDI), thanks to its huge potential for agricultural production and renewable energy development. Nhadautu cited Noboru Kondo, CEO of Japanese Brain Works Group, saying that although his Group had invested in Viet Nam for a long time, he had only known about the Mekong Delta City of Can Tho for about five years. A few years ago, many Japanese investors only knew about HCM City and some southern provinces such as Long An and Tien Giang instead of the Mekong Delta, due to a lack of information and travel difficulties, so very few wanted to invest in this … [Read more...] about FDI inflow into Mekong Delta forecast to see bright prospects
Prime Minister Pham Minh Chinh (standing) speaks at the meeting in Hanoi on January 19 (Photo: VNA) Hanoi (VNA) – Prime Minister Pham Minh Chinh chaired a Government meeting to discuss lawmaking issues in Hanoi on January 19. Cabinet members scrutinised eight bills and lawmaking proposals which are among those needing the Government’s consideration by March 1 this year before they are submitted to the National Assembly . The items under discussion consisted of the draft revised law on road traffic ; the draft law on ensuring road traffic order and safety; the draft law on forces taking part in the protection of grassroots security and order; the proposals to amend the law on housing, the law on real estate business, and the law on water resources; a proposal to build a law revising and supplementing some articles of the telecommunications law; and a proposal to build a law on digital technology industry. Participants looked into the need of those bills and … [Read more...] about Government members meet to talk lawmaking issues