Construction ministry asked to stabilize local sand market

14:51 | 21/09/2017 Environment Follow Ven.vn on

Prime Minister Nguyen Xuan Phuc has assigned the Ministry of Construction to study Cambodia’s permanent prohibition on sand exports and its impact on the construction materials market in Vietnam.

Construction ministry asked to stabilize local sand market

A barge exploits sand in the Ba Lat estuary in Giao Thuy district, Nam Dinh province - Photo: VNA

The assignment was given after Cambodia issued the ban on sand exports in order to protect the country’s environment in July.

PM Nguyen Xuan Phuc asked the construction ministry to issue proper solutions and guide localities to take the initiative in stabilising the local construction materials market. He said that Vietnam will continue to implement the policy of not exporting all kinds of sand to foreign countries.

According to statistics provided by the ministry’s Construction Material Department, licensed sand mining can meet only 60-65 percent of the demand of large cities. Meanwhile, Vietnam is rapidly developing its infrastructure; therefore, the demand for sand is continuously increasing.

The country’s demand for sand in 2015 was approximately 92 million cu.m. The volume is predicted to reach 130 million cu.m. by 2020.

Statistics revealed that Vietnam’s total sand resources are estimated to be at 2.3 billion cu.m.

Insiders said that with the rapid pace of construction, the supply of sand will be exhausted in less than 15 years.

Meanwhile, the Ministry of Natural Resources and Environment also warned that without planning or sourcing alternative material, there is a risk of running out of sand for construction.

NDO/VNA

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“Clean river - Blue sea” contest launched in Nam Dinh Province

13:53 | 16/10/2022 Environment

On the morning of October 16, 2022, the Center for Marinelife Conservation and Community Development (MCD), in collaboration with the Department of Natural Resources and Environment (DONRE) of Nam Dinh Province, Giao Thuy District Youth Union and related stakeholders, organized an event series: Community Coastal Clean-up and “Clean river – Blue sea” Contest Launch at the coast of Bach Long Commune, Giao Thuy District, Nam Dinh Province.

From rags to recycling

13:00 | 28/08/2022 Environment

(VEN) - The industrial waste treatment of Vietnam’s booming textile industry is woefully undeveloped.

Tetra Pak to pilot buy-back model of used beverage cartons

10:31 | 23/08/2022 Environment

A program to collect and recycle used beverage cartons in the community will be piloted in Ho Chi Minh City from August 2022 to March 2023, aiming to collect and completely recycle 3,000 tonnes of beverage cartons, turning them into useful products such as paperboard materials and bio-roof panels.

Creating life cycle for plastic waste

16:00 | 14/08/2022 Environment

(VEN) - A Vietnamese company recently exported a second batch of plywood made of recycled plastic waste, reflecting the development of Vietnam’s fledgling efforts to develop a circular economy. The Thanh Tung One Member Co. Ltd. in Dong Nai Province exported the first batch of plywood boards to Scotland in late 2021, and the second to the US earlier this year.

Vietnam preps for plastic pollution treaty

06:00 | 14/08/2022 Environment

(VEN) - The Vietnam Administration of Seas and Islands (VASI) has completed a draft plan to implement Prime Ministerial Decision 1407/QD-TTg on a project for Vietnam’s participation in a global treaty on ocean plastic pollution.

Progress made toward carbon credit market

10:00 | 13/08/2022 Environment

(VEN) - In order to implement its international climate change commitments to operate a domestic carbon market, Vietnam will develop regulations on carbon credit management and greenhouse gas (GHG) quota exchanges, and pilot the carbon credit exchange and offset mechanisms in potential areas.

Vietnam startup among top five innovators

14:35 | 12/08/2022 Environment

The Incubation Network, in partnership with the Global Plastic Action Partnership, UpLink by the World Economic Forum, and the Alliance to End Plastic Waste, recently launched the Plastic Waste to Value Southeast Asia Challenge to tackle plastic waste mismanagement in the region. Established to accelerate innovative solutions that are focused on plastic recycling and upcycling in Indonesia, the Philippines, Thailand, and Vietnam, the challenge is excited to unveil five innovators that will be participating in the tailored development program over the course of five months. Plastic People is the only Vietnamese innovator in the Top 5 of the Challenge.

Realizing the carbon neutrality commitment

08:55 | 01/08/2022 Environment

Climate change is a significant issue of our time and Vietnam is among one of the countries most affected by global warming. The public and private sectors have made commitments to reduce their impact on the environment. But how can carbon neutrality be achieved realistically and sustainably?

Vinacomin’s “park in the plant” model

16:00 | 29/07/2022 Environment

(VEN) - A shady campus with green trees and flower gardens grace the Son Dong thermal power plant of the Vinacomin Son Dong Thermal Power Company.

Enterprises urged to manage waste

11:00 | 28/07/2022 Environment

(VEN) - Effective enterprise waste management is essential to a circular economy model on the principle of recycling and reducing waste generation towards sustainable development.

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Norwegian Ambassador experiences Vietnamese Tet traditions

06:00 | 28/01/2023 Lifestyle

Norwegian Ambassador to Vietnam Hilde Solbakken and her family are enjoying a lot of Vietnamese traditions during their first Tet (Lunar New Year) in the country, including “xin chu” (asking for calligraphy from scholars).

Binh Lieu mountain region powers up

06:00 | 28/01/2023 Province

(VEN) - The mountainous border district of Binh Lieu in the northeastern province of Quang Ninh is changing rapidly due to investment in infrastructure of roads, electricity and schools, greatly improving the lives of the predominantly ethnic minority population.

Steel industry to gradually recover in 2023

15:48 | 27/01/2023 Industry

HCM CITY — Domestic steel demand is expected to keep falling due to the property market slump and tightened monetary policy, economic downturn in many export markets and a rise in supply making the outlook for the industry in 2023 poor, analysts said.

Prime Minister launches New Year tree planting festival

15:36 | 27/01/2023 Society

Prime Minister Pham Minh Chinh offered incense to President Ho Chi Minh and launched the annual New Year tree planting festival at K9-Da Chong relic site, Hanoi’s outlying district of Ba Vi, on January 27, the sixth day of the Year of the Cat.

Agro-forestry-fishery exports set new record in 2022

15:20 | 27/01/2023 Infographic

Agro-forestry-fishery exports set a new record of over 53.22 billion USD in 2022, according to the Ministry of Agriculture and Rural Development.

Vietnam, Malaysia target trade growth

06:00 | 02/11/2022 Vietnam and other regions

(VEN) - The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) will take effect for Malaysia on November 29, 2022. This significant event is expected to increase its bilateral trade with Vietnam.

Energy industry masters advanced technologies

06:00 | 09/11/2022 Energy

(VEN) - Enterprises and research units in the field of energy, especially in the electricity industry, have taken the lead in mastering advanced technologies, achieving practical results and ensuring energy security.

Shinhan Life Vietnam introduces flexible term life insurance product

14:45 | 03/01/2023 Companies

Shinhan Life Vietnam recently launched life insurance “Shinhan – Song Khoe with Fantastic Four S-Plus”. This is a flexible insurance solution that offers a wide range of options to optimize protection for each customer.

Surge in trade with New Zealand

06:00 | 07/11/2022 Vietnam and other regions

(VEN) - Vietnam's export value to New Zealand currently accounts for only 1.7 percent of that market's total import value, offering opportunities for increased Vietnamese sales.

Revision underway of e-transaction law

06:00 | 08/11/2022 Finance-Banking

(VEN) - Vietnam’s digital banking transactions have achieved an average annual growth of 40 percent, ranking it among the world’s top growers in this field.

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Norwegian Ambassador experiences Vietnamese Tet traditions

06:00 | 28/01/2023 Lifestyle

Fireworks soar across Vietnam ringing in Year of the Cat

13:07 | 22/01/2023 Photo

Colourful fireworks lit up major cities across Vietnam Sunday night in an exuberant celebration of the Lunar New Year.

The cat in Vietnamese culture

13:00 | 22/01/2023 Lifestyle

(VEN) - The new lunar year (2023) is designated the Year of the Cat, one of the 12 Vietnamese zodiac animals and a strong favorite on the list that also includes the Rat, Buffalo, Tiger, Dragon, Snake, Horse, Goat, Monkey, Rooster, Dog, and Pig). Unlike most of the other animals, in modern society the cat has become a close friend of both children and adults.

Sa Dec Flower Village, an attractive destination in Tet

16:11 | 11/01/2023 Tourism

Sa Dec Flower Village in Dong Thap Province has been well-known for a long time as the flower capital of the Mekong Delta and one of the country's largest suppliers of flowers for cities and provinces nationwide and even abroad.

Da Nang tops Vietnam's tourism competitiveness rankings

15:37 | 11/01/2023 Longform

It attributed the result to the city's strengths in transport and tourism service infrastructure, readiness to apply advanced information and technology as well as environmental sustainability.

Policy

Prime Minister assigns tasks to Deputy Prime Ministers

07:00 | 17/01/2023 Policy

Prime Minister Pham Minh Chinh has signed decision 19/QD-TTg assigning tasks to the Deputy Prime Ministers.

Taking advantage of growth opportunities: Party leader

09:18 | 04/01/2023 Policy

Party General Secretary Nguyen Phu Trong suggested promoting national digital transformation, digital economy and digital society in association with environmental protection while attending the teleconference between the Government and 63 provinces and cities.

Financial mobilization for development of circular economy

17:02 | 03/01/2023 Policy

As one of the countries heavily affected by climate change, the development of a circular economy is an important solution for Vietnam, towards the development of a green and low-carbon economy.

Multilateral cultural diplomacy helps Vietnam shine at UNESCO: official

16:02 | 03/01/2023 Vietnam and other regions

Cultural diplomacy has contributed to promoting cultural values and the image of the country and people of Vietnam.

Industry & Trade

Binh Lieu mountain region powers up

06:00 | 28/01/2023 Province

Steel industry to gradually recover in 2023

15:48 | 27/01/2023 Industry

Quang Ninh ships first tonne of coal on first day of Lunar New Year

18:16 | 23/01/2023 Energy

The northern coastal province of Quang Ninh shipped the first tonnes of coal on January 21, the first day of the Lunar New Year, from the Cam Pha port.

Support industries vital for global integration

06:00 | 18/01/2023 Support industries

(VEN) - “Entering 2023, Vietnam needs to promote the development of support industries to help the country’s industrial sector effectively participate in the global supply chain,” said Deputy Director of the Industry Agency under the Ministry of Industry and Trade (MoIT) Ngo Khai Hoan in an interview with Vietnam Economic News’ Lan Anh.

Investment

Viet Nam calls for more investment in green growth

16:52 | 22/01/2023 FDI

Deputy Prime Minister Tran Hong Ha called on foreign businesses to boost investment, support Viet Nam in green growth, and well implement international commitments on sustainable development and climate change, including UNCOP26 commitments to achieving net-zero emissions by 2050.

Hanoi attracts nearly US$1.7 billion in FDI in 2022

17:43 | 03/01/2023 Metropolis

Hanoi attracted US$1.69 billion in foreign direct investment (FDI) last year, still among the localities leading the nation in this field.

FDI disbursement exceeds US$20 billion

06:00 | 01/01/2023 FDI

(VEN) - Foreign direct investment (FDI) disbursement reached more than US$20 billion in 2022 - the highest level in five years, aiding post-pandemic recovery.

Screening proposed for improved foreign investment

06:00 | 21/12/2022 FDI

(VEN) - Foreign direct investment (FDI) has contributed significantly to the Vietnamese economy since the Law on Foreign Investment in Vietnam was promulgated in 1987. However, Vietnam is mulling effective screening tools to enhance FDI quality.

Finance-Banking

Positive 2023 securities market forecasts

06:00 | 20/01/2023 Stock Market

(VEN) - Vietnam’s securities market experienced strong volatility in 2022, stemming from investor caution in the face of global economic and political uncertainties.

Banking sector stable, but challenges abound

06:00 | 16/01/2023 Finance-Banking

(VEN) - The banking sector will confront challenges in 2023 both from the international and domestic economies, requiring stabilized macroeconomic conditions and balances.

PM directive to ensure payment demands during Tet

17:55 | 03/01/2023 Finance-Banking

The State Bank of Vietnam (SBV) must direct commercial banks to meet all payment and cash demands of individuals and firms during Tet (Lunar New Year).

Green finance puts down roots in Vietnam

06:00 | 26/12/2022 Finance-Banking

(VEN) - The development of green finance is an important foundation for sustainable business growth.

Environment

Vietnam looks ahead to 2023 climate summit

06:00 | 25/12/2022 Environment

Preserving nature, facilitating business

06:00 | 10/12/2022 Environment

AkzoNobel Vietnam protects Cu Lao Xanh lighthouse against harsh weather

11:40 | 24/11/2022 Environment

JTI Vietnam commits to net zero greenhouse gas emissions

16:25 | 15/11/2022 Environment

Science - Technology

Welcoming the year of digital data for Vietnam

16:57 | 22/01/2023 Digitalization

(VEN) - In 2022, the government assigned more important functions and tasks in digital transformation, government, economy, society, technology, and electronic transactions to the Ministry of Information and Communications.

Vietnamese animation studio won legal case on copyright infridgement in Russia

11:14 | 11/01/2023 Startups

In the case of the copyright dispute between two animators Wolfoo and Peppa Pig in the Russian Federation, the Moscow City Court recently issued a decision to order Entertainment One UK Limited (eOne or EO – Peppa Pig’s owner) must compensate Sconnect Vietnam (Wolfoo’s owner) RUB 240,000, which is roughly $4000.

Top 10 ICT developments in 2022

06:00 | 11/01/2023 Information technology

(VEN) - Vietnam's information and communications technology (ICT) industry entered a post-COVID development phase in 2022, with the Party and government adopting policies to promote the development of the technology sector and businesses. Following are 10 outstanding ICT developments of 2022 as voted by the journalists of the ICT Press Club.

First retrofitted Emirates A380 enters service

17:41 | 10/01/2023 Science - Technology

The first Emirates A380 to be completely refurbished under the airline’s US$2 billion retrofit program has been deployed on the Dubai-London Heathrow service, operating as EK003.

Society

Prime Minister launches New Year tree planting festival

15:36 | 27/01/2023 Society

Party General Secretary extends greetings for Year of the Cat

12:19 | 22/01/2023 Metropolis

On the occasion of the Year of the Cat 2023, Party General Secretary Nguyen Phu Trong has delivered remarks offering the best wishes to the Vietnamese at home and abroad as well as people around the world.

Strong recovery of capital's economy

06:00 | 17/01/2023 Metropolis

(VEN) - According to a report by the Hanoi People's Committee, the capital experienced a strong economic recovery in 2022 and maintained its leading position among the provinces and cities nationwide in attracting foreign direct investment (FDI).

Animated morning at Nghi Thuy fishing port, Cua Lo Town

10:48 | 16/01/2023 Photo

Nghi Thuy fishing port (in Cua Lo Town) is crowded, animated from early morning everyday. Selling fresh seafood at reasonable prices, it is a seafood distribution hub of Nghe An and nearby provinces.

Vietnamese Brands

Nestlé Vietnam and the journey to sustainable development

13:00 | 10/01/2023 Companies

(VEN) - With nearly three decades of operation in Vietnam, Nestlé Vietnam has been implementing many initiatives to improve human health and protect the planet through its commitments and sustainable development strategy. Recently, the company has continued to be honored as the Most Sustainable Business in Vietnam.

VIMC embarks on strong recovery

06:00 | 10/01/2023 Companies

(VEN) - In the context of the strong recovery of the maritime transport market, the Vietnam Maritime Corporation (VIMC) has brought into play its internal strength to achieve successful business results in 2022.

MM Mega Market launches a new modern Giá tốt business model

16:18 | 30/12/2022 Vietnamese Brands

Recognizing changes in shopping behaviors, MM Mega Market has publicly launched its new business model – Giá tốt. Giá tốt is currently present in big cities and provinces in Vietnam with more than 250 Giá tốt partners, including Ho Chi Minh City, Hanoi, Da Nang, Binh Duong, Bien Hoa, Quy Nhon, Buon Ma Thuot, Rach Gia, etc.

PVCFC develops experts’ system

08:00 | 25/12/2022 Vietnamese Brands

(VEN) - The PetroVietnam Ca Mau Fertilizer Joint Stock Company (PVCFC) recently held its annual review on accreditation of professionals and on the competency gap for experts at its headquarters in Ho Chi Minh City and Ca Mau Province.

Culture

Norwegian Ambassador experiences Vietnamese Tet traditions

06:00 | 28/01/2023 Lifestyle

Chau Ma brocade lives on

06:00 | 27/01/2023 Lifestyle

(VEN) - The indigenous textile products of the Chau Ma ethnic group reflect experiences, religious beliefs, skillful techniques and an enduring passion for the traditional craft practiced for generations in the Central Highlands province of Lam Dong.

Bathing in coriander-filled water

13:00 | 25/01/2023 Culture

(VEN) - Boiling coriander and bathing in its fragrant water is a ritual cleansing for the Lunar New Year, which is believed to drown the misfortunates and impurities of the past.

Gongs keep ringing in Central Highlands

06:00 | 25/01/2023 Lifestyle

(VEN) - Dak Lak Province strives to keep alive the sound of traditional gongs, 16 years after the cultural space of Central Highlands gongs was recognized by the United Nations Educational, Scientific and Cultural Organization (UNESCO) as an intangible cultural heritage of humanity.

Construction ministry asked to stabilize local sand market

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