Rapid economic development often results in serious impacts on forests, evidenced by the alarming deforestation in Phu Quoc City in the Mekong Delta province of Kien Giang having plunged the city’s forests into a state of emergency. Forests are regarded as the living soul of residents on the 'pearl island.' However, the woods full of stone stakes and steel wires are disappointing tourists. The situation is becoming truly alarming. Forests seem empty after one unguarded night Deforestation and land encroachment in Phu Quoc City in mid-June 2022 were no longer overt and rampant, but it did not mean that forests stopped 'bleeding.' On the main path from Ham Ninh Commune to Thom Beach, people could easily see excavated mountainsides and forest land areas occupied with concrete stakes, zinc-coated barbed wire fences, and even well-built constructions. “Some gangs secretly encroached and built fences," complained N.X.T., a forest ranger. “During the forest land invasion … [Read more...] about Phu Quoc forests in state of emergency
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Vietnam’s educational services provider Nguyen Hoang Group to mull over stake sale
A few of the educational institutions in Nguyen Hoang Group's ecosystem According to Bloomberg, Nguyen Hoang Group is working with a financial advisor to find a buyer for a minority stake of the company. They have gone out to potential purchasers, including private equity firms and other industry players, to evaluate interest. However, the sources said there is no guarantee that the Ho Chi Minh City-headquartered group will follow through with the planned divestiture. Nguyen Hoang Group is a world-class international education service provider that has successfully established a range of state-of-the-art national and international schools, universities, and partnerships across Vietnam and has 23 years of experience and expertise. The group's website stated, “Putting people at the centre of all its practices, Nguyen Hoang Group has designed a comprehensive educational system for all levels from kindergarten to PhD that are available in both national and international … [Read more...] about Vietnam’s educational services provider Nguyen Hoang Group to mull over stake sale
Ocean dialogue promotes maritime cooperation in Southeast Asia
Deputy Minister of Foreign Affairs Phạm Quang Hiệu delivers an opening speech at the eighth ocean dialogue. — VNA/VNS Photo HÀ NỘI — The eighth ocean dialogue was held on Wednesday in Hà Nội on the occasion of the 40th anniversary of UNCLOS with the theme of promoting maritime cooperation in Southeast Asia. It drew the virtual and in-person participation of more than 250 domestic and foreign experts. The event was jointly organised by the Diplomatic Academy of Vietnam (DAV), the Australian Embassy in Việt Nam and the Konrad Adenauer Stiftung Foundation (KAS). In his opening speech, Deputy Minister of Foreign Affairs Phạm Quang Hiệu said the adoption of the 1982 United Nations Convention on the Law of the Sea (UNCLOS) 40 years ago is a historic milestone in the development of the international law of the sea. For the first time, a comprehensive legal framework, a "charter" of the sea was established. The convention has laid a foundation for the development of the … [Read more...] about Ocean dialogue promotes maritime cooperation in Southeast Asia
Plantations dreaming of FSC status for rubber products
Plantations dreaming of FSC status for rubber products, Photo: Duc Thanh Nguyen Vinh Phuong, the owner of a 150-hectare rubber plantation area in the south-eastern province of Tay Ninh has recently spent more time studying the process of obtaining the FSC certification. Although he is interested in cultivating sustainable rubber, he remains hesitant to implement this process. Phuong pointed out that the rule of a 10-per-cent conservation area seems to be an infeasible requirement for small operators of plantation areas. The rule would mean that Phuong would lose $1,500 over 10 days of rubber tapping if he saved 10 per cent of his 150-ha plantation area for conservation. Besides state-owned companies like Tan Bien Rubber and Tay Ninh Rubber, there are 12 private firms competing to source rubber. Phuong was certain that he would not lose VND105 million ($4,520) per month during the tough market caused by rising production expenses, the shortage of rubber tappers and the … [Read more...] about Plantations dreaming of FSC status for rubber products
SCIC has no plans to divest from large enterprises this year
Sabeco's beer production line. The beverage producer is not on the divestment list of SCIC this year. — Photo courtesy of Sabeco In 2022, State Capital Investment Corporation (SCIC) is expected to divest from 101 member companies. In the list of divestments this year, large enterprises such as Tien Phong JSC, Bao Viet Group, Sabeco, Vinatex and FPT Corporation, are not mentioned. However, it does include many notable companies, including Hai Phong Thermal Power JSC, Binh Minh Plastic JSC, Vinaplast Corporation, Seaprodex, EVN TPC Quang Ninh, Viettronics Corporation, CoTraco Quang Ninh, Vinacontrol, FICO, Thang Long JSC, VIWASEEN, and Licogi. Recently, SCIC divested from Vinh Long Real Estate JSC, Saigon Machinery Spare Parts JSC, Thang Long JSC, and Ben Tre Construction Material JSC. Of which, the auction of Thang Long JSC’s shares could not take place due to a lack of investors. Promoting auctions of companies SCIC will auction a lot with a volume of more than 2 million … [Read more...] about SCIC has no plans to divest from large enterprises this year
International webinar on Vietnam’s Market Entry Opportunities and Strategy
Jesse Choi, CEO of Sunwah Innovations and director of Sunwah Vietnam talked about Vietnam's market entry opportunities and strategy The webinar received around 100 participants including experts and representatives of corporates, startups, universities, incubators and accelerators, venture capital firms, and business associations from Vietnam and neighbouring countries and territories including Cambodia, Singapore, Japan, South Korea, China, and Hong Kong. Vietnam has seen significant improvements in developing a dynamic and open business environment. In the post-pandemic period, the country stands firm as one of the most attractive destinations in the Southeast Asian region for foreign investors and businesses including venture capital firms and startups. Realising an increasing need from overseas startups and supporting organisations to explore and gain footholds in the market, Sunwah Innovations organised the Vietnam Market Entry Opportunities and Strategy webinar. It was … [Read more...] about International webinar on Vietnam’s Market Entry Opportunities and Strategy
Health Ministry yet to consider COVID-19 endemic disease
COVID-19 testing (Photo: VNA) Hanoi (VNA) – The Ministry of Health has proposed considering COVID-19 a Group A infectious disease , not an endemic disease in its latest draft on COVID-19 prevention and control measures in the new situation. Per the draft, Vietnam is still in the transition period between pandemic prevention and sustainable management. Regarding the reason why COVID-19 has not been considered an endemic disease in Vietnam yet, the Ministry of Health said that most countries in the world are in a state of unstable cases and deaths, with an erratic increase and decrease trend when new variants of the SARS-CoV-2 virus appear. At the same time, acquired immunity (due to vaccines and infection) has not been stable for a long time and decreases over time. As a result, the application of epidemic prevention and control measures should be flexible and gradually moves towards the "new normal". The announcement of the end of the COVID-19 pandemic in … [Read more...] about Health Ministry yet to consider COVID-19 endemic disease
Sony launches PC gaming gear, expanding beyond PlayStation
Japan's Sony is launching a new brand that will offer PC gaming gear, the company announced Wednesday, as it tries to compete for a share of the lucrative gaming peripherals market. Sony is looking to expand beyond its flagship PlayStation console and boost revenue from other sectors, including PC and mobile gaming. The gaming peripherals market of items used by players was valued at $3.88 billion globally in 2019 according to Grand View Research. Sony's first offerings from its new Inzone brand will be three wireless headsets and two monitors, the priciest of which will retail for a suggested $899.99 in the United States. "The market has been expanding with a higher interest in gaming with the spread of esports tournaments and the advancement of gaming entertainment," said Yukihiro Kitajima, head of Sony's game business and marketing office, in a statement. Sony is "very late" to the "hopelessly crowded" sector, said Serkan Toto, CEO of game industry consultancy Kantan … [Read more...] about Sony launches PC gaming gear, expanding beyond PlayStation
Vietnam urged to upgrade to attract big rubber funding
Vietnam urged to upgrade to attract big rubber funding, photo Duc Thanh As international purchasers increasingly demand products that adhere to strict ethical, legal, and environmental standards, analysts and foreign buyers, including those from the United States and Germany, warn that a lag in production is likely to jeopardise Vietnam’s rubber sector. Vietnam has the fifth-largest rubber cultivation area in the world with almost 940,000 hectares. However, the country ranks third globally for its output, producing some 1.26 million tonnes in 2020, according to a report by the Vietnam Rubber Association. According to the same report, exports of natural rubber products (rubber blocks and concentrated latex), rubber products (tyres, medical supplies, and shoe soles), as well as rubber timber, have increased dramatically from $2.9 billion in 2015 to approximately $9.5 billion in 2021. According to Jeff Martin, CEO of Yulex – a global company headquartered in the US, … [Read more...] about Vietnam urged to upgrade to attract big rubber funding
USAID IPSC Project connects Vietnamese enterprises with e-commerce giants
From May 24 to June 30, the Vietnam Private Sector Competitiveness Enhancement Project (USAID IPSC), has organised a 5-week training course called “E-commerce – a must in Industry 4.0”, as part of its cross-cutting market expansion support package for Vietnamese businesses. At the end of the course, participants attended the event “Connecting business with domestic and international e-commerce platforms” to learn from successful, real-world experiences from e-commerce platforms including Amazon Global Selling and Shopee. According to Nguyen Thi To Uyen, head of the building business management capacity at USAID IPSC, the project is funded by the United States Agency for International Development (USAID), with the support of the Ministry of Planning and Investment as the government partner. The expert also showed participants how to use analysis tools from Amazon as well as other platforms for conducting market research and store management. Lasting for five years, the … [Read more...] about USAID IPSC Project connects Vietnamese enterprises with e-commerce giants