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Delegates discuss issues related to sustainable development at the ‘Good for Business, Good for Planet’ seminar held in HCM City on Wednesday. — VNS Photo Shifting to green growth would help businesses increase their competitiveness and catch up with trends in the domestic and foreign markets, delegates told a seminar in HCM City on Wednesday. As one of the world's most vulnerable countries to climate change, Viet Nam has made multi-dimensional efforts to drive the whole nation towards its collective goal of reaching net zero greenhouse gasses emissions targets, achieving sustainable development, and contributing to tackle the global climate change crisis, they said. Speaking at the ‘Good for Business, Good for Planet’ seminar held by Nhip Cau Dau Tu magazine, Tim Evans, CEO of HSBC Vietnam, said, “The green journey that Viet Nam has embarked on is bringing both opportunities and challenges. Those businesses who get onboard early can capture major opportunities and build a … [Read more...] about Going green gives businesses a competitive advantage

Representative of Hanwha Life Vietnam received the “Best companies to work for in Asia 2022” Award at a ceremony on August 11. — Photo courtesy of the company Hanwha Life Vietnam was honoured as one of the “Best companies to work for in Asia 2022,” the most prestigious regional award in human resources by HR Asia Magazine at a ceremony on August 11. The international award recognised Hanwha Life’s persistent efforts over the past decade in Viet Nam to build the best working environment for employee engagement based on "self-motivation, civilisation and integration." Joining the prestigious award for the first time, Hanwha Life has surpassed many other players in the sector to secure impressive high scores. The survey results show that the company’s average scores in all three categories are higher than in the industry. Among them, Core (corporate culture and personnel structure) reached 4.41 compared to the industry average of 3.71; Self (emotions and thoughts of each … [Read more...] about Hanwha Life Vietnam wins ‘Best Companies to Work for in Asia 2022’ Award

Vietnamese and Polish businesses exchange cooperation opportunities at a networking event on Thursday in HCM City. — VNA/VNS Photo Viet Nam appreciates Poland’s continued support in pushing for the EU’s early ratification of the EU-Viet Nam Investment Protection Agreement (EVIPA) and removal of the EC’s “yellow card” warning against Viet Nam’s fishing industry. Speaking at a networking event on Thursday, Nguyen Huu Nam, deputy director of the Viet Nam Chamber of Commerce and Industry (VCCI) in HCM City, said these developments would help expand Viet Nam-Poland trade and investment relations. The European Parliament (EP) recently passed a report on its Indo-Pacific strategy in the area of trade and investment, stressing the importance of the EU’s free trade agreements with partners in the region. The report called on EU members to ratify the EVIPA so that it can take effect early and create optimal conditions for promoting the EU’s investment in the region and Viet Nam. … [Read more...] about Viet Nam, Poland to expand trade and investment ties

Vietnam is willing to hold trade talks with the United States to timely solve arising problems regarding a U.S. anti-circumvention investigation into steel pipe products imported from the Southeast Asian country. Le Thi Thu Hang, spokesperson of the Vietnamese Ministry of Foreign Affairs, made the statement at a regular press briefing in Hanoi on Thursday following reports that the U.S. officially initiated an investigation into the case. Hang affirmed that the Vietnam-U.S. comprehensive partnership has witnessed progress in all fields in recent times, including in economy, trade, and investment. Vietnam is the leading trade partner of the U.S. in Southeast Asia, while the U.S. is the second-largest trade partner of Vietnam, with two-way trade turnover exceeding US$110 billion in 2021. “Vietnam advocates promoting economic, trade, and investment cooperation with the U.S. on the basis of freedom, fairness, and mutual benefits in accordance with bilateral agreements and … [Read more...] about Vietnam ready for talks with US on tax evasion investigation into Vietnamese steel pipes

Illustrative image (Photo: VNA) Hanoi (VNA) - Automobile sale s in Vietnam posted a month-on-month increase of 20% and a year-on-year surge of 88% in July, the Vietnam Automobile Manufacturers’ Association ( VAMA ) reported on August 11. automobile market although the 50% registration fee reduction ended in late May. VAMA has announced that the total sale by its members reached 30,254 vehicles in the month. Of this, the sale of passenger and commercial vehicles expanded by 30% and 1.8%, respectively; while that of special-purpose vehicles saw a decrease of 57% compared to the previous month. VNA … [Read more...] about Automobile sale strongly rebounds in 7 months

In July, the growth rate of seafood exports continued to slow down to 14% on the year, earning 970 USD million. (Photo baodautu.vn) Hanoi (VNS/VNA) - Vietnam's seafood export value is expected to slow growth to 3 billion USD in the third quarter due to a lack of raw materials and disadvantages in the market in the second half. At the beginning of the year, farmers released shrimp due to the forecast that the weather would not be too cold. They have expected to early harvest raw shrimp . However, diseases and the quality of shrimp seeds have affected farming results. According to Ho Quoc Luc, former chairman of the Vietnam Association of Seafood Exporters and Producers ( VASEP ) and also chairman of the Sao Ta Foods Joint Stock Company (FIMEX), there are three reasons for the shortage of raw shrimp, including disease, quality of shrimp varieties and water source. By the end of this year, the supply of raw shrimp will not be abundant, and prices will remain high, … [Read more...] about Seafood exports expected to reach 3 billion USD in Q3

Vietnam confirmed an additional 8,176 new Covid-19 infections in 52 localities on Sunday, according to the Ministry of Health. According to the ministry's report, 8,163 of the new patients are locally-transmitted cases confirmed in 52 out of 63 localities in the country including HCM City (985), An Giang (695), Dong Nai (674), Binh Duong (623), Dong Thap (382), Binh Thuan (369), Tay Ninh (332), Soc Trang (299), Vinh Long (288), Tien Giang (274), Kien Giang (274), Bac Lieu (273), Ca Mau (243), Dak Lak (228), Khanh Hoa (209), Ba Ria - Vung Tau (204), Binh Phuoc (184), Can Tho (146), Thai Binh (134), and Tra Vinh (134). There were 13 imported patients confirmed today. The new infections showed a decrease of 288 cases compared to yesterday's figure. There were 3,705 infections found in the community. As of Sunday evening, 1,021,493 infections had been reported since the new outbreak occurred in the country in late April. Some localities that have recorded the highest number of … [Read more...] about Over 8,100 new Covid-19 infection cases confirmed on Sunday

Illustrative image (Photo: VNA) Hanoi (VNA) – Vietnam has many more opportunities to increase export of fruits and vegetables to the European Union - the world's largest market, thanks to tariff incentives brought by the EU-Vietnam Free Trade Agreement (EVFTA), according to analysts. Data from the General Department of Customs show Vietnam’s vegetable and fruit export turnover to Europe in 2021 hit 303 million USD, up 17.4 percent year-on-year. EU countries was on the rise. Notably, the demand for novel tropical fruits and vegetables increased from 15-20 percent for fresh products and over 30 percent for processed products. Vietnam , during 2022 – 2023. VNA … [Read more...] about EVFTA helps push up Vietnam’s spice, fruit, vegetable export to EU

Kuala Lumpur (VNA) – Malaysia’s services revenue grew 25.2% year-on-year to 506.5 billion MYR (113.64 billion USD) in the second quarter of 2022, the Department of Statistics Malaysia (DoSM) said. According to the office, this was contributed by the wholesale and retail trade, food and beverages and accommodation segment which saw revenue went up 26.1% y-o-y to 409.3 billion MYR while the information and communication and transportation and storage segment revenue edged up 21.3% to 72.2 billion MYR. The health, education and arts, entertainment and recreation segment revenue grew 24.4% to 15.1 billion MYR and professional and real estate agent segment revenue went up 20% to 9.9 billion MYR. On a quarterly basis, the total revenue of the services sector grew 7.1% or 33.8 billion MYR. The total number of persons engaged in the sector rose 4.9% or 177,600 persons to 3.8 million persons as compared with the corresponding period of the previous year. DoSM said salaries … [Read more...] about Malaysia: Services revenue surges in Q2

Foodex is Asia’s the largest exhibition dedicated to food and drinks across Japan and the whole world. Up to 20 participating businesses come from cities and provinces with strength in agro-fisheries such as Ho Chi Minh City, Hanoi, Nghe An, BacGiang, NinhBinh, Dong Thap, Ben Tre, Can Tho, KienGiang, Lam Dong and Ca Mau. On display are Vietnamese specialty fruits, vegetables, processed aquatic products and fish oil, organic pepper, seedless lemon, rice-derived food, cakes and fruit drinks. Vietnam’s fruit and vegetable export to Japan hit 130 million USD in 2017, up nearly 70 percent. The four-day exhibition attracts 3,350 firms from 80 countries and territories worldwide, and 85,000 visitors.-VNA VNA … [Read more...] about Vietnam joins Foodex 2018 in Japan