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.
PV GAS takes lead in Vietnam’s gas industry

PV GAS takes lead in Vietnam’s gas industry

(VEN) - The PetroVietnam Gas Joint Stock Corporation (PV GAS) recently marked its 32nd anniversary, celebrating its achievements as a leader of Vietnam’s gas industry and its contribution to national energy security.
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.
Thanh Hoa Province boosts industrial growth

Thanh Hoa Province boosts industrial growth

(VEN) - Industry promotion projects play a vital role in industrial and handicraft development in the northern central province of Thanh Hoa.
HCMC focuses on chip industry development

HCMC focuses on chip industry development

(VEN) - Ho Chi Minh City’s Saigon Hi-Tech Park (SHTP) plans to focus on developing the semiconductor chip industry as its specialty.
Wind energy prices in Vietnam still higher than in other countries

Wind energy prices in Vietnam still higher than in other countries

Prime Minister Phạm Minh Chinh requested relevant stakeholders to work together to bring down wind energy prices in Vietnam, which are now higher than in other countries.
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.
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.
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.
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.
Meeting Vietnam’s growing energy demand

Meeting Vietnam’s growing energy demand

(VEN) - GE Hydro Solutions and Vietnam Electricity (EVN) have an acceptance test of the 240MW turbine at the hydraulic laboratory in Grenoble, France. This is the first important milestone in the expansion of Hoa Binh Hydropower Plant under the contract of GE Hydro Solutions and Vietnam Electricity (EVN) in early 2022.
Most employees fear robot hacking but believe they should be used more in production

Most employees fear robot hacking but believe they should be used more in production

A recent Kaspersky study on the consequences of automation and increased use of robots showed the growing level of robotization in companies but highlighted the increased number of cybersecurity risks this causes.
Tay Ninh Province helps rural industrial producers

Tay Ninh Province helps rural industrial producers

(VEN) - Efficient industry promotion projects have significantly contributed to industrial development in the southeastern province of Tay Ninh.
Southern provinces strive to reach targets

Southern provinces strive to reach targets

(VEN) - Overcoming market difficulties and delayed capital allocation, 20 southern provinces and cities have been working hard to reach industry promotion targets.
Copenhagen Infrastructure Partners reaffirm commitment to Vietnam

Copenhagen Infrastructure Partners reaffirm commitment to Vietnam

(VEN) - The world’s biggest green energy investors and developers from Denmark Copenhagen Infrastructure Partners (CIP) alongside Copenhagen Offshore Partners (COP) are strengthening their engagement to invest in long-term ventures in Vietnam, as demonstrated by a fresh visit of CIP’s senior partners to sites and offices in the country.
Ninh Binh eyes industrial zone push

Ninh Binh eyes industrial zone push

(VEN) - Vietnam Economic News’ Viet Nga & Hoang Lan spoke with Bui Quang Hung, Deputy Director of the Ninh Binh Province Department of Industry and Trade, about development of industrial zones (IZs) for small and medium-sized businesses.
Craft villages boost e-commerce

Craft villages boost e-commerce

(VEN) - E-commerce is helping craft village enterprises in their post-pandemic recovery, as well as in market expansion and competitiveness improvement.
Energy industry masters advanced technologies

Energy industry masters advanced technologies

(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.
MoIT orders inspections of gas stations suspending operations

MoIT orders inspections of gas stations suspending operations

The Ministry of Industry and Trade (MoIT) has ordered market surveillance forces to inspect petrol stations that have suspended operations and strictly deal with violations.
Ørsted and T&T Group sign research and development agreement with MPI’s National Innovation Center

Ørsted and T&T Group sign research and development agreement with MPI’s National Innovation Center

On November 1st 2022, Ørsted and T&T Group signed a landmark agreement with the Ministry of Planning and Investment’s (MPI) National Innovation Center (NIC) to enhance technical capacity and build technological expertise in Vietnam’s emerging offshore wind sector.
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Vietnam Manufacturing Expo & NEPCON Vietnam exhibition 2023 kick off

Vietnam Manufacturing Expo & NEPCON Vietnam exhibition 2023 kick off

Reed Tradex Vietnam, the ASEAN's leading exhibition organizer announced the kick-start of Vietnam Manufacturing Expo (VME) & NEPCON Vietnam exhibition 2023.
Visa exemption means int

Visa exemption means int'l tourists can visit Phu Quoc for up to 30 days

Phu Quoc Island is an ideal choice for travel and long-term relaxation, with a complete visa exemption policy for international visitors, a temporary stay of up to 30 days, a populous and rich nature, and impressive architecture.
Emirates unveils new signature livery for its fleet

Emirates unveils new signature livery for its fleet

The distinctive livery of the world’s largest international airline, Emirates, has undergone a refresh.
Bamboo Airways to launch Viet Nam’s longest domestic air route from April

Bamboo Airways to launch Viet Nam’s longest domestic air route from April

On April 29, Bamboo Airways will launch an air service between the capital city of Ha Noi and the southernmost province of Ca Mau, making it the longest domestic route served by a local carrier.
Việt Nam carries out measures for healthy forests

Việt Nam carries out measures for healthy forests

At a forum on the International Day of the Forest yesterday in Hà Nội, Phạm Hồng Lượng, chief of office of the General Department of Forestry, stressed the importance of raising awareness about the role of forests in human life to work together in forest protection and sustainable forest exploitation.
festivals in sapa

Festivals in Sapa

(VEN) - Sa Pa Town in the northern province of Lao Cai celebrates the 120th anniversary of its tourism this year with a series of special events, including a spectacular art program introducing the history of the Sa Pa national tourist area and its attractive and unique tourism products, as well as its targets in the future.
50th anniversary of vietnam belgium diplomatic relations

50th anniversary of Vietnam-Belgium diplomatic relations

Vietnam and Belgium have experienced a 50-year partnership marked by sound friendship and fruitful cooperation.
amazingly beautiful ninh thuan

Amazingly beautiful Ninh Thuan

(VEN) - The south central coastal province of Ninh Thuan is renowned for its beautiful, pristine beaches and vast white salt fields. Visitors are recommended to travel to the province from April to June to enjoy their summer vacations, and from August to October when the grape-harvesting season falls and unique local festivals of the Cham people take place.
tra fish exports hold promise after china reopens borders

Tra fish exports hold promise after China reopens borders

Tra fish exports are expected to recover shortly with China gradually reopening its borders.
lao cai province welcomes first chinese tourists after three years

Lao Cai Province welcomes first Chinese tourists after three years

Eighty Chinese tourists entered Vietnam via the Lao Cai International Border Gate on March 15 afternoon, marking the return of Chinese travellers to the northern mountainous province of Lao Cai after a three-year hiatus caused by the COVID-19 pandemic.
Animal feed industry asks for import tax reduction on raw materials

Animal feed industry asks for import tax reduction on raw materials

The Government has received a proposal from the Vietnam Feed Association to eliminate the import tax on soybean meal, currently set at 2%.
Over 250 petitions submitted to authorities on fragility of petroleum regulations

Over 250 petitions submitted to authorities on fragility of petroleum regulations

The petitions concern the alteration of petroleum business restrictions in decrees No.83/2014/ND-CP and No.95/2021/NQ-CP, resulting in losses for retail establishments.
New legal documents in second half of February 2023

New legal documents in second half of February 2023

VEN lists the latest legal documents issued by the Vietnamese Government, ministries and state agencies.
Companies allowed to make bond payments with other assets

Companies allowed to make bond payments with other assets

Companies shall be allowed to make bond payments with other assets, according to the Government's recently-released Decree 08/2023/ND-CP issued.
Vietnam Manufacturing Expo & NEPCON Vietnam exhibition 2023 kick off

Vietnam Manufacturing Expo & NEPCON Vietnam exhibition 2023 kick off

Reed Tradex Vietnam, the ASEAN's leading exhibition organizer announced the kick-start of Vietnam Manufacturing Expo (VME) & NEPCON Vietnam exhibition 2023.
Offshore wind energy an essential base load power source: official

Offshore wind energy an essential base load power source: official

Offshore wind energy has great potential to contribute to the energy security goals of Việt Nam, according to deputy head of the Party Central Committee's Economic Commission Nguyễn Đức Hiển.
Uncorking bottlenecks for support industry development

Uncorking bottlenecks for support industry development

(VEN) - Vietnam is mulling legislation to boost the low localization rate of its industrial production and means to modernize its support industries and increase their participation in the local and foreign value chain.
Da Nang greens textile-garment industry

Da Nang greens textile-garment industry

(VEN) - Textile and garment enterprises in the southcentral coastal city of Da Nang are seeking to green their production through the use of renewable energy, waste reduction and wastewater standardization.
US businesses exploring investment, business opportunities in Vietnam

US businesses exploring investment, business opportunities in Vietnam

Representatives of more than 50 US companies will visit Vietnam from March 21-22 to discuss investment and business opportunities under an annual programme hosted by the US-ASEAN Business Council.
Da Nang hopes for further investment from RoK city

Da Nang hopes for further investment from RoK city

Secretary of the Da Nang municipal Party Committee Nguyen Van Quang said he hopes that the city of Daegu in the Republic of Korea (RoK) will cooperate with the Vietnamese central city and invest more in its hi-tech sector, along with education, training and tourism.
Initiative speeds up investment disbursement

Initiative speeds up investment disbursement

(VEN) - Prime Minister Pham Minh Chinh has asked ministries, sectors and localities to ensure the quality and effectiveness of public investment projects and achieve a higher disbursement rate in 2023.
Hanoi builds synchronous policies to draw foreign investment

Hanoi builds synchronous policies to draw foreign investment

A conference linking hundreds of Hanoi and Singaporean enterprises was held in the capital city of Hanoi on March 7. The event was co-hosted by the municipal Department of Industry and Trade, the Vietnam Trade Office in Singapore, the Singapore Chinese Chamber of Commerce and Industry (SCCCI) and the Vietnam Chamber of Commerce and Industry (VCCI).
Vietnam seeks response to corporate tax overhaul

Vietnam seeks response to corporate tax overhaul

(VEN) - All European Union states and many other countries will introduce a global minimum tax (GMT) of 15 percent on large corporations by the start of 2024, and Vietnam is being urged to devise appropriate policies and adapt to the new taxation.
Vietnam’s regulatory interest rates to be reduced by 0.5-1 percent

Vietnam’s regulatory interest rates to be reduced by 0.5-1 percent

The State Bank of Vietnam (SBV) on March 14 issued two decisions to reduce regulatory interest rates by 0.5% to 1%, which will come into force on March 15.
Global Minimum Tax a head-scratcher for Vietnamese policymakers

Global Minimum Tax a head-scratcher for Vietnamese policymakers

As many countries plan to adopt the Global Minimum Tax Rate (GMTR) in 2024, experts are concerned that the entry into force of the rate would discourage foreign companies from locating their operations in low-tax countries.
Program seeks to solve business capital needs

Program seeks to solve business capital needs

(VEN) - A series of commercial banks have moved to reduce lending interest rates in response to strong messages by the Government and the State Bank of Vietnam (SBV) about supporting the economy and business sector.
Việt Nam carries out measures for healthy forests

Việt Nam carries out measures for healthy forests

At a forum on the International Day of the Forest yesterday in Hà Nội, Phạm Hồng Lượng, chief of office of the General Department of Forestry, stressed the importance of raising awareness about the role of forests in human life to work together in forest protection and sustainable forest exploitation.
COP28 President-Designate to co-chair Copenhagen climate ministerial meeting

COP28 President-Designate to co-chair Copenhagen climate ministerial meeting

Dr. Sultan Al Jaber, COP28 President-Designate, will visit Copenhagen to co-chair the Copenhagen Climate Ministerial with His Excellency Sameh Shoukry, Minister of Foreign Affairs, COP27 President and Foreign Minister of the Arab Republic of Egypt.
Practical effective activities urged to mark World Water Day

Practical effective activities urged to mark World Water Day

The Ministry of Natural Resources and Environment has asked other ministries, agencies, sectors, localities, and organisations to take practical and effective activities to mark the World Water Day (March 22), the World Meteorological Day (March 23), and the Earth Hour 2023 (March 25).
BKEET steams ahead with waste treatment

BKEET steams ahead with waste treatment

(VEN) - After research spanning 20 years, solid waste incinerators produced by the Bach Khoa Hanoi Energy and Environment Joint Stock Company (BKEET) are operating across the country.
Science, technology, innovation promoted to support national development

Science, technology, innovation promoted to support national development

Various measures will be rolled out from now to 2025 to fine tune science and technology organisations and perfect the legal foundation for state management of science, technology and innovation.
Vietnam introduces automated sorting system

Vietnam introduces automated sorting system

(VEN) - The successful design, manufacturing and operation of an automatic goods sorting system has contributed to optimizing the production process and cutting the costs of logistics enterprises. Vietnam Economic News’ Quynh Nga interviewed Dr. Phan Dang Phong, Director of the National Research Institute of Mechanical Engineering (NARIME) under the Ministry of Industry and Trade (MoIT), about this technology.
Domestic ICT firms well-positioned to reach out to the world

Domestic ICT firms well-positioned to reach out to the world

Vietnam's information and communication technology (ICT) companies are well-positioned to make strong breakthroughs and reach out to the world in the near future, on the back of widespread Internet access, abundant workforce and support from authorities at all levels.
Innovation platforms boosting sustainable development announced

Innovation platforms boosting sustainable development announced

The Institute for Innovation and Development (IID) on March 15 held a “Drive Innovation for Impact” event to announce three digital innovation platforms boosting sustainable development.
Transport infrastructure fund needed to enhance Southeast regional linkages

Transport infrastructure fund needed to enhance Southeast regional linkages

HCM City authorities have proposed setting up a transport infrastructure fund to enhance regional linkages in the southeastern region to help unleash its full potential as the country’s economic locomotive.
Hà Nội to build new bridge crossing Red River

Hà Nội to build new bridge crossing Red River

A 820-metre long bridge named Thượng Cát crossing Hồng (Red) River in Hà Nội will be constructed with an investment of nearly VNĐ8.3 trillion.
Hoa Binh, sustainable investment destination

Hoa Binh, sustainable investment destination

(VEN) - The north-central province of Hoa Binh has recently licensed 16 investment projects totaling VND49 trillion, reflecting the province’s drive for sustainable development and its unique advantages.
Singapore-Vietnam project benefits more than 2,500 renal patients

Singapore-Vietnam project benefits more than 2,500 renal patients

The Singapore International Foundation (SIF), in partnership with Hanoi Medical University (HMU) and Tan Tock Seng Hospital (TTSH), closed their five-year Haemodialysis Care Project in Hanoi on 12 March 2023.
Bamboo Airways to launch Viet Nam’s longest domestic air route from April

Bamboo Airways to launch Viet Nam’s longest domestic air route from April

On April 29, Bamboo Airways will launch an air service between the capital city of Ha Noi and the southernmost province of Ca Mau, making it the longest domestic route served by a local carrier.
King Coffee and Tín Thành Group partner to build a tyre plant in the US

King Coffee and Tín Thành Group partner to build a tyre plant in the US

Vietnamese King Coffee and Tín Thành Group have entered into a partnership to build a tyre filling and recycling plant in South Carolina, the US.
Vietjet announces first direct air route between Vietnam, Queensland

Vietjet announces first direct air route between Vietnam, Queensland

Vietjet will operate the first air route connecting Vietnam with Australia’s Queensland state in June, the airline announced on March 16.
Vietnamese businesses attend Foodex Japan 2023

Vietnamese businesses attend Foodex Japan 2023

Thirty-six Vietnamese businesses are showcasing their products at the 48th international food and beverage exhibition (Foodex Japan 2023), which kicked off in Tokyo, Japan, on March 7.
Việt Nam

Việt Nam's grilled bananas among world’s most delicious desserts

CNN described the sweet course as crispy, smoky and fragrant, and best enjoyed with lightly sweetened creamy coconut milk and roasted peanuts.
A dish to try beef-ore you go, Buôn Ma Thuột

A dish to try beef-ore you go, Buôn Ma Thuột's famous beef in tamarind sauce

Many restaurant owners claim that the dish's fame is due to the special marinated ingredients that can be found exclusively in this hilly part of Việt Nam.
Indian community celebrates colour festival Holi in Vietnam

Indian community celebrates colour festival Holi in Vietnam

Indian Business Chamber in Vietnam (INCHAM) successfully celebrated the colour festival Holi 2023 in Vietnam.
Fireworks to light up Đà Nẵng

Fireworks to light up Đà Nẵng's sky as international festival returns with a bang

The event’s organisers, Sun Group, said that the 2023 event would focus on post-COVID-19 tourism promotion as a benchmark for full economic growth in the central region and the country.
Visa exemption means int

Visa exemption means int'l tourists can visit Phu Quoc for up to 30 days

Phu Quoc Island is an ideal choice for travel and long-term relaxation, with a complete visa exemption policy for international visitors, a temporary stay of up to 30 days, a populous and rich nature, and impressive architecture.
New discoveries at the Citadel of Hồ dynasty

New discoveries at the Citadel of Hồ dynasty

The excavation in Thanh Hóa Province also uncovered vestiges of the Royal Road within the inner city, including green stone embankments and slate paving in the middle of the South Citadel.
Tram Tau: A remote slice of heaven

Tram Tau: A remote slice of heaven

(VEN) - Tram Tau hot springs, about 260 kilometers west of Hanoi, offer tourists an unforgettable experience. A tourism development campaign bills this remote corner of Yen Bai Province a “miniature Bali”.
Developers seek to create theme park in Đắk Lắk

Developers seek to create theme park in Đắk Lắk

A project to construction a theme park in Đắk Lắk Province’s Buôn Ma Thuột city has been submitted to the province’s People’s Committee.
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