Industry

Hanoi continues to promote the attraction of foreign investment capital for socio-economic development. Authorities of Dong Anh district departments and branches should quickly remove difficulties and streamline administrative procedures so that Thang Long Industrial Park Co. and other manufacturers can contribute to the city's socio-economic development. Standing Deputy Secretary of the Hanoi Party Committee Nguyen Thi Tuyen and the leaders of the city present flowers to congratulate Thang Long Industrial Park's representative. Photos: Pham Hung/ The Hanoi Times Vice Chairman of the Hanoi People’s Committee Nguyen Manh Quyen made this request at the ceremony marking the 25th anniversary of the establishment of Thang Long Industrial Park on September 22 in Hanoi. He suggested the company continue to attract foreign investment capital for socio-economic development and create more jobs for the people. Thang Long Industrial Park, with a total initial … [Read more...] about Thang Long Industrial Park urged to streamline administrative procedures for manufacturers

Production expansion Representatives of business and provincial and city departments of industry and trade say industry promotion has strongly energized rural industrial manufacturers in the central region including the Central Highlands, and helped them recover in the post-COVID-19 period. In the first seven months of 2022, VND20.7 billion of industry promotion funding was disbursed in the region, accounting for 28.44 percent of the 2022 target and 62.15 percent higher than during the same period last year. Le Ngoc Cuong, Director of Cuong A.I.C Commercial Product Service Company Limited (CACI Co., Ltd.) in the southern central province of Ninh Thuan’s Phan Rang-Thap Cham City, said an industry promotion program helped his business procure machinery, expand its market to many provinces and cities in the region and quadruple production output. Cuong hopes more businesses can benefit from industry promotion projects and programs. Vo Mai Hung, Deputy Director of the Binh Dinh … [Read more...] about Needed: Combination of industry promotion, trade stimulation

Many young enthusiasts are engrossed in farming, industry, and tourism among other fields for a greener Vietnam. When he was 16, Quach Kien Lan left Vietnam for New Zealand to study economics at Massey University. The 39-year-old believed he chose a long life in the kiwi fruit country, one of the world’s most peaceful nations. However, 10 years after he earned his bachelor’s degree and tried multiple different jobs abroad from a marketing employee, seller, and chef to a bartender, he finally decided to return to Vietnam to produce natural fabric. It seemed unbelievable, but the overseas Vietnamese student always nurtured a desire to green Vietnam’s textile and garment industry, which is one of the country’s spearhead sectors, but has caused many scandals over negative impacts on the environment. Lan is teaming up with Dr. Pham Thi Hong Phuong, head of the faculty of medical engineering at the Industrial University of Ho Chi Minh City, and some partners to implement an … [Read more...] about Young people dedicated to green apparel industry, wildlife protection in Vietnam

Illustrative image (Photo: VNA) The affirmation was made by UNESCO Chief Representative in Vietnam Christian Manhart at a symposium reviewing the five-year implementation of the strategy in the 2016-2021 period held on September 12. According to him, this strategy combines socio-economic development with cultural development, focuses on the economic values of cultural-artistic creativity, and pays attention to the creativity diversity of individuals, collectives and communities. The development of cultural industries is one of the key factors for economic growth, contributing to GDP development through job generation and opening of new markets. Vietnam will succeed if it can properly mobilise cultural resources, knowledge, and modern technology to create diverse and attractive cultural products and services, he added. Nguyen Thi Thu Phuong, Director of the Vietnam National Institute of Cultural and Arts Studies (VICAS), said that cultural industries are strategic assets in … [Read more...] about Vietnam well develops cultural industries: UNESCO representative

Phung Hung Pedestrian Street  in Hanoi - a good place n terms of cultural and creative culture According to a representative of the Ministry of Culture, Sports and Tourism, cultural industries contributed 2.68 percent of gross domestic product (GDP) in 2015, this industry contributed about $ 8.081 billion in revenue, equivalent to 3.61 percent of GDP in 2018 after implementing the strategy to develop cultural industries. The industry has been providing employment for more than three million workers, accounting for 6.1 percent of the total employed people across the country. The cultural industry has also created learning opportunities for many people, helping to narrow the gap in educational attainment between regions; thereby, contributing to the transformation of cultural heritages into a source of social cohesion, opening network, and exchange of information and resources in communities. In addition, cultural heritage is still a rich and diverse source of input materials … [Read more...] about Cultural industry helps enhances country’s status

According to experts and representatives of cities and provinces, Decree No.35/2022/ND-CP is simply a premise for formatting eco-industrial parks (eco-IPs) as well as transitioning from traditional parks to ecological ones – and investors can do nothing except submit an investment plan for approval until there is a specific circular available. Eco-industrial parks require vast amounts of investment compared to traditional facilities A representative of Quang Tri Industrial Zones Management Authority told VIR that both the central province is waiting for such a circular to guide investors, who have the intention to develop eco-IPs or revamp older parks. “I think that it will take a long time to build the circular because Decree 35 is established on the basis of 13 laws that relate to many ministries. It is difficult to gather relevant parties to build up the circular,” the representative said. Besides this, investors need time for their planning and the province also … [Read more...] about Investors face up to complex eco-industrial park process