Circular economy model challenges textile industry

Circular economy model challenges textile industry

(VEN) - The circular economy is an extremely important part of helping the textile industry participate deeply in the global value chain. However, developing such a model is a challenge.
Bac Giang Province improves IZ management

Bac Giang Province improves IZ management

(VEN) - Vietnam Economics News’ Viet Nga & Hoang Lan spoke with Nguyen Van Phuong, Deputy Director of the Bac Giang Province Department of Industry and Trade about industrial park management in the region.
Cao Bang helps rural manufacturers

Cao Bang helps rural manufacturers

(VEN) - Cao Bang Province’s industry promotion sector fulfilled 62.8 percent of its 2022 target by the end of September.
EVN powers up international cooperation

EVN powers up international cooperation

(VEN) - International cooperation is one of the important advantages of Vietnam Electricity (EVN), the country’s largest power company, in the modernization of the power industry.
Vietnam targets 6.5 percent 2023 growth

Vietnam targets 6.5 percent 2023 growth

(VEN) - Given the economic recovery in 2022, the Vietnamese Government has set a 6.5 percent target for gross domestic product (GDP) growth in 2023, paving the way for the country to fulfill its five-year socioeconomic development plan for the 2021-2025 period. 
Vietnamese rice conquers foreign markets

Vietnamese rice conquers foreign markets

(VEN) - Thanks to its improved quality and growing brand recognition, Vietnamese rice has found its way to many demanding foreign markets.
Food and beverage industry expands

Food and beverage industry expands

(VEN) - Consumption demand is expected to grow strongly in the final months of 2022, creating growth momentum for the food industry in the short term.
Seeking new approach to global supply chains

Seeking new approach to global supply chains

(VEN) -  The global supply chain seems unlikely to return to normal by the end of this year, according to experts who addressed a recent workshop in Vietnam on opportunities and challenges for global value chains in the post-pandemic recovery.
Hanoi’s economy posts solid growth

Hanoi’s economy posts solid growth

(VEN) - Hanoi’s economic growth in the first eight months of 2022 reflected positive economic recovery, enhancing prospects of fulfilling its yearly target. 
Textile raw materials in urgent need

Textile raw materials in urgent need

(VEN) - The supporting industry of the textile and garment sector needs strong state backing, especially in terms of capital and policies to support the production of raw materials.
Vietnam strategy targets sustainable production

Vietnam strategy targets sustainable production

(VEN) - Vietnam is shifting to more sustainable production in accordance with its goods import-export strategy to 2030, which places green development, ecological industries, renewable energy, and circular economy models as the country’s new driving force. 
Quang Tri Province helps industrial producers

Quang Tri Province helps industrial producers

(VEN) - According to the Quang Tri Province Department of Industry and Trade, industry promotion has helped connect state management agencies and businesses and link enterprises with consumers, helping expand production, innovate and apply advanced technology and equipment, develop branding, new products and products of high value, and improve competitiveness.
Foreign trade value to exceed US$700 billion

Foreign trade value to exceed US$700 billion

(VEN) - Given impressive growth in recent times, Vietnam’s foreign trade value in 2022 is expected to exceed US$700 billion. Tran Thanh Hai, Deputy Director of the Agency of Foreign Trade under the Ministry of Industry and Trade (MoIT), discussed these results with  the media.
Why fuel price stabilization fund matters?

Why fuel price stabilization fund matters?

(VEN) - Most members of the National Assembly (NA) Committee for Financial and Budgetary Affairs agree with the government’s proposal to maintain the petrol and oil price stabilization fund in order to regulate domestic fuel prices.
Inflation kept down at  below four percent

Inflation kept down at below four percent

(VEN) - Given the inflation results of the first eight months and price changes during the final months of previous years, economists forecast Vietnam’s 2022 inflation rate will be about 3.3-3.8 percent, below the four percent target. However, inflationary pressures expected in 2023 require suitable control measures.
Industrial production forecast to exceed targets

Industrial production forecast to exceed targets

(VEN) - The Ministry of Industry and Trade (MoIT) has outlined scenarios for economic growth in the third and fourth quarters of 2022 and proposed major measures to achieve desired results.
Overcoming low export value challenge

Overcoming low export value challenge

(VEN) - Vietnam’s import-export value in the first eight months of 2022 totaled US$499.71 billion. The sum included nearly US$252.6 billion worth of exports and US$247.11 billion worth of imports. Despite a trade surplus of US$5.49 billion, foreign trade activities still encounter certain problems.
Petrol prices down to lowest levels in a year

Petrol prices down to lowest levels in a year

Retail prices of oil and petrol dropped from 3pm on October 3 following the latest adjustment by the Ministry of Industry and Trade, and the Ministry of Finance.
Dim outlook for domestic auto component industry

Dim outlook for domestic auto component industry

Vietnamese automotive component industry has a dim outlook for growth as it has lagged behind those in many other regional countries,  according to the Ministry of Industry and Trade (MoIT).
Khanh Hoa develops rural industrial products

Khanh Hoa develops rural industrial products

(VEN) - The south-central province of Khanh Hoa has held five events honoring outstanding rural industrial products over the past decade, awarding district-level and provincial-level recognition to 321 and 186 products, respectively. The products include handicraft and fine art articles, processed farm produce, forest products, seafood and foodstuffs and spare parts for mechanical machinery and equipment.
Needed: Combination of industry promotion, trade stimulation

Needed: Combination of industry promotion, trade stimulation

(VEN) - Combining industry promotion with stimulation of trade in rural industrial products is expected to give a major impetus to the development of rural industrial facilities.
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Garment, footwear exports aim to reach US$80 billion by 2025

Garment, footwear exports aim to reach US$80 billion by 2025

Under the development strategy approved by the Government, for the long term, the garment, textile, leather and footwear sectors are still key export industries of the economy.
Vietnam pursues green foreign trade

Vietnam pursues green foreign trade

(VEN) - Vietnam reached a record foreign trade value of an estimated US$750 billion in 2022. Vietnam Economic News’ Phuong Lan spoke with Tran Thanh Hai, Deputy Director of the Ministry of Industry and Trade’s Agency of Foreign Trade about export growth and efforts to promote green, sustainable foreign trade.
Hanoi eyes 950 firms in support industries this year

Hanoi eyes 950 firms in support industries this year

Hanoi has set a target to have about 950 enterprises operating in the field of supporting industries this year, an increase of approximately 20 compared to 2022.
Deputy FM highlights role of economic diplomacy in service of national development

Deputy FM highlights role of economic diplomacy in service of national development

The Ministry of Foreign Affairs has accompanied the Ministry of Planning and Investment and agencies to attract high-quality investment, connect and support foreign enterprises to invest and expand operations in Việt Nam, as well as to strengthen exchange and cooperation with investment funds and study international investment trends.
73rd anniversary of Việt Nam-Russia diplomatic ties marked

73rd anniversary of Việt Nam-Russia diplomatic ties marked

The Foreign Affairs Committee of St. Petersburg city hosted a conference in both online and offline forms to mark the 73rd anniversary of Vietnam- Russia diplomatic relations in Moscow on January 30.
Vietnam plans to attract Chinese tourists

Vietnam plans to attract Chinese tourists

Vietnam's tourism industry has targeted to serve about 110 million tourists in 2023, including 8 million foreign visitors.
Dutch diplomat donates Vietnamese paintings to national museum

Dutch diplomat donates Vietnamese paintings to national museum

The ambassador collected the two lacquer paintings Kieu Hanh (Proud) and Nhung Nu Hon Tinh Yeu (Kisses of Love) when she worked in Vietnam from 1997-2001.
Key missions, solutions to socio-economic development in 2023

Key missions, solutions to socio-economic development in 2023

The Government has recently issued Resolution No. 01/NQ-CP on key missions and solutions to developing the socio-economy, improving the business climate, and enhancing national competitive capacity in 2023.
Cuc Phuong National Park among leading national parks in Asia

Cuc Phuong National Park among leading national parks in Asia

The Cuc Phuong National Park, a famous tourist destination in the northern province of Ninh Binh, has once again been named "Asia's Leading National Park".
Tet impressive in foreign ambassadors

Tet impressive in foreign ambassadors' eyes

Tet (Lunar New Year holiday) is always an interesting experience for foreigners in Vietnam. Enjoying the Tet atmosphere, foreign ambassadors have shared their feelings about the biggest traditional festival in the country.
Deputy FM highlights role of economic diplomacy in service of national development

Deputy FM highlights role of economic diplomacy in service of national development

The Ministry of Foreign Affairs has accompanied the Ministry of Planning and Investment and agencies to attract high-quality investment, connect and support foreign enterprises to invest and expand operations in Việt Nam, as well as to strengthen exchange and cooperation with investment funds and study international investment trends.
Việt Nam supports expansion of UN Security Council

Việt Nam supports expansion of UN Security Council

Addressing the first meeting of the Intergovernmental Negotiations on Security Council reform at the 77th UN General Assembly on January 26 (local time) in New York, Ambassador Nguyễn Phương Trà also emphasised improving the working method of the UNSC and limiting the use of veto power.
Prime Minister assigns tasks to Deputy Prime Ministers

Prime Minister assigns tasks to Deputy Prime Ministers

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

Taking advantage of growth opportunities: Party leader

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.
Hanoi eyes 950 firms in support industries this year

Hanoi eyes 950 firms in support industries this year

Hanoi has set a target to have about 950 enterprises operating in the field of supporting industries this year, an increase of approximately 20 compared to 2022.
Vietnam to reduce environmental impact of textile-garment industry by 2030

Vietnam to reduce environmental impact of textile-garment industry by 2030

The Vietnam Textile and Apparel Association (VITAS) has set a goal of helping Vietnam's textile and garment industry be more environmentally friendly by 2030.
Binh Lieu mountain region powers up

Binh Lieu mountain region powers up

(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

Steel industry to gradually recover in 2023

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.
January FDI nears US$1.7 billion

January FDI nears US$1.7 billion

Vietnam attracted foreign direct investment (FDI) worth US$1.69 billion as of January 20 this year, down 19.8 percent annually, according to the General Statistics Office (GSO).
Viet Nam calls for more investment in green growth

Viet Nam calls for more investment in green growth

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

Hanoi attracts nearly US$1.7 billion in FDI in 2022

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

FDI disbursement exceeds US$20 billion

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

State-owned banks under capital increase pressure

Vietnam’s four biggest State-owned banks have an urgent need for capital increase in 2023 as their charter capital is too low, with some unable to ensure the regulated minimum capital adequacy ratio (CAR), according to industry insiders.
Positive prospects for Vietnam’s stock market this year

Positive prospects for Vietnam’s stock market this year

2022 was an eventful year for the Vietnamese stock market with many records set.
Positive 2023 securities market forecasts

Positive 2023 securities market forecasts

(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

Banking sector stable, but challenges abound

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

Vietnam looks ahead to 2023 climate summit

(VEN) - World leaders are hoping the COP28 Climate Change Summit, scheduled for November 30 to December 12, 2023, in the UAE will achieve expectations not met at the COP27 summit held in Egypt in November 2022.
Preserving nature, facilitating business

Preserving nature, facilitating business

(VEN) - In the past few years, the natural resources and environment sector of Hung Yen Province has advised authorities on state management of natural resources and the environment, contributing to provincial economic growth, industrialization and modernization.
AkzoNobel Vietnam protects Cu Lao Xanh lighthouse against harsh weather

AkzoNobel Vietnam protects Cu Lao Xanh lighthouse against harsh weather

AkzoNobel, a leading global paints and coatings company and the major producer of Dulux brand, has completed repainting the Cu Lao Xanh Lighthouse project with Dulux Weathershield®. It is the third lighthouse in Vietnam recoated under the “Lighthouse Protection Campaign” of AkzoNobel.
JTI Vietnam commits to net zero greenhouse gas emissions

JTI Vietnam commits to net zero greenhouse gas emissions

Climate change is the most urgent issue of our time, and to limit its impact on life on earth, the rise in mean global temperature should not exceed 1.5°C above pre-industrial levels. The private sector plays a huge role in helping to achieve this goal, and companies must commit and take concrete action in accordance with the Paris Agreement.
Managed security provides IT talent gap solution for businesses in SEA

Managed security provides IT talent gap solution for businesses in SEA

Global cybersecurity company Kaspersky today reveals the state of MSSP in the region, particularly the main benefits that local SMBs and enterprises gain from this outsourcing model.
Headquarters of Vietnam-Korea Institute of Science and Technology inaugurated

Headquarters of Vietnam-Korea Institute of Science and Technology inaugurated

An inauguration ceremony of the headquarters of the Vietnam-Korea Institute of Science and Technology (VKIST) was held at the Hoa Lac Hi-tech Park in Ha Noi on January 17.
WHO to share mRNA vaccine technology with VietNam

WHO to share mRNA vaccine technology with VietNam

Vietnam, along with Bangladesh, Indonesia, Pakistan and Serbia will receive support from the World Health Organization (WHO)'s mRNA technology transfer hub in South Africa, announced the World Health Organization (WHO) on February 23.
Welcoming the year of digital data for Vietnam

Welcoming the year of digital data for Vietnam

(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.
PM inspects national key transport projects

PM inspects national key transport projects

The first phase of the 652.86km North-South Expressway has 11 component projects, three of which are invested in public-private partnerships (PPP). The rest, including the Mai Sơn-National Highway 45 project, are funded with public investment.
A great chance to invest in commercial property

A great chance to invest in commercial property

Vietnam's commercial real estate sector is still in its infancy and is mostly focused on Ho Chi Minh City and Hanoi. However, industry analysts assert that the market area has a great deal of untapped potential.
Prime Minister launches New Year tree planting festival

Prime Minister launches New Year tree planting festival

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.
Vietnamese celebrate Tet overseas

Vietnamese celebrate Tet overseas

The Vietnamese community in the Republic of Korea (RoK), Belgium, and Germany has been enabled to mark the biggest and long annual traditional event of their homeland – the Lunar New Year festival (Tet) – via associated visits and gatherings over the past few days.
Nestlé Vietnam and the journey to sustainable development

Nestlé Vietnam and the journey to sustainable development

(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

VIMC embarks on strong recovery

(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

MM Mega Market launches a new modern Giá tốt business model

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

PVCFC develops experts’ system

(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.
Dutch diplomat donates Vietnamese paintings to national museum

Dutch diplomat donates Vietnamese paintings to national museum

The ambassador collected the two lacquer paintings Kieu Hanh (Proud) and Nhung Nu Hon Tinh Yeu (Kisses of Love) when she worked in Vietnam from 1997-2001.
Tet impressive in foreign ambassadors

Tet impressive in foreign ambassadors' eyes

Tet (Lunar New Year holiday) is always an interesting experience for foreigners in Vietnam. Enjoying the Tet atmosphere, foreign ambassadors have shared their feelings about the biggest traditional festival in the country.
Norwegian Ambassador experiences Vietnamese Tet traditions

Norwegian Ambassador experiences Vietnamese Tet traditions

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).
Chau Ma brocade lives on

Chau Ma brocade lives on

(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.
Vietnam plans to attract Chinese tourists

Vietnam plans to attract Chinese tourists

Vietnam's tourism industry has targeted to serve about 110 million tourists in 2023, including 8 million foreign visitors.
The lure of Pu Luong

The lure of Pu Luong

(VEN) - Surrounded by high mountains and offering a cool climate all year round, the Pu Luong National Nature Reserve in the northern province of Thanh Hoa offers wild scenery and unique culture.
Tourism is back, big time

Tourism is back, big time

(VEN) - Although it failed to achieve the goal of welcoming five million foreign tourists in 2022, major tourism sector efforts have resulted in its strong recovery during the final months of the year, promising even more positive changes in 2023.
Trang A Chu’s unique homestay

Trang A Chu’s unique homestay

(VEN) - The A Chu Homestay in Son La Province’s Hua Tat Village welcomes as many as 3,000 foreign visitors annually, but it did not start out that way. In fact, it was on the verge of shutting down just a few years ago.
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