Vietnam targets ecological, sustainable agriculture Vietnam is striving to become a transparent, responsible and sustainable producer and supplier of food and foodstuff under a draft strategy on agricultural and rural development for 2021-2030 with a vision towards 2050. The strategy, which was sketched out by the Ministry of Agriculture and Rural Development (MARD), targets ecological and sustainable agriculture. Vietnam’s commitments at the United Nations Food Systems Summit and the 26th United Nations Climate Change Conference of the Parties (COP26) have been integrated into the strategy. The agricultural sector is facing challenges presented by the rapid industrialisation and urbanisation, intensive and extensive international integration, the Fourth Industrial Revolution, natural disasters, diseases, climate change, and great changes in consumption markets. Dragon fruit business seek to penetrate deep into Indian market Dragon fruit businesses of Binh … [Read more...] about VIETNAM BUSINESS NEWS JANUARY 19
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Headquarters of the State Bank of Vietnam . (Photo: SBV) Hanoi (VNS/VNA) - Governor of the State Bank of Vietnam (SBV) Nguyen Thi Hong has issued Directive No.01/CT-NHNN on organising the implementation of the key tasks of the banking sector , with a focus on improving credit quality and tightly controlling loans to potentially risky industries. Accordingly, the Governor has required banks to take necessary measures for controlling credit size and growth, focusing loans on production and priority fields in accordance with the Government's policy to support economic recovery and development, while strictly controlling loans for potentially risky areas such as real estate, the stock market, Build-Operate-Transfer (BOT) and Build-Transfer (BT) transport projects. Banks must accelerate the implementation of measures to control and limit any newly arising bad debts and maintain the bad debt ratio below 3 percent, the Governor said, adding the SBV’s authorities would … [Read more...] about Central bank focuses on improving credit quality
What do you think about the prospects of Vietnam’s startup ecosystem in 2022 and beyond? Despite many challenges, many investors continue to view Vietnam as an appealing market in Southeast Asia. Vietnam, behind Singapore and Indonesia, is considered the third most dynamic economy in ASEAN, according to a report from two Singapore-based venture capital funds, Cento Ventures and ESP Capital. Apart from its negative consequences, the pandemic has also been a potent stimulus for the emergence of revolutionary business strategies. In 2021, MoMo has become Vietnam’s latest unicorn while other start-ups received funding worth tens to hundreds of millions of dollars in the fintech, edtech, and blockchain game. Moreover, Vietnam’s startup ecosystem also sees the launch of many projects that resolve social and environmental issues. Which sectors will become the next trends in the startup scene? At the moment, the prominent startup trend in Vietnam is centred on business projects … [Read more...] about Rosier times ahead for Vietnam’s startup scene in 2022
The latest changes to the country’s power plan are adding focus to both solar and wind power Photo: Shutterstock The number of registered projects in the wind and solar power sector continues to increase, despite the reductions in power generation in 2021. Bui Quoc Hung, deputy director of the Electricity and Renewable Energy Authority under the Ministry of Industry and Trade (MoIT), said at a press conference on January 12 that the ministry “received many requests from localities about the addition of power projects to the plan (PDP8), especially from those localities with naturally high potential for renewables such as solar and wind. “The PDP8 cannot meet all requirements of localities,” Hung said. “The huge amount of solar and wind power that has been developed over the past few years can only be used appropriately if supply and demand are met with local load capacity.” According to Hung, the PDP8 will be calculated and put into distribution in accordance with each … [Read more...] about Solutions coming thick and fast for draft PDP
Trần Thanh Hải, Deputy Director of the Import-Export Department of the Ministry of Industry and Trade. Recently, thousands of container trucks have been seen queuing for customs clearances in northern provinces to enter China. Authorities have repeatedly encouraged businesses to quickly switch to official export channels to avoid putting themselves at risk. However, due to China’s import regulations, many Vietnamese enterprises are still not confident in choosing this method when exporting products to China. Trần Thanh Hải, Deputy Director of the Import-Export Department of the Ministry of Industry and Trade (MoIT), shared his views on the Economic Focus programme on Vietnam News Agency Television. What is the main cause of congestion at border checkpoints in Lạng Sơn and other northern provinces? The congestion mainly comes from China's strict pandemic control measures under its Zero-COVID strategy. If China detects any signs of suspected infection, it can stop all … [Read more...] about Official-quota key to Việt Nam’s agricultural exports to China
'Great things often come from the simplest things'. This might be the best description for the tech world in 2022. The key technologies of the future come from the research and development labs. Self-driving cars will appear on the streets, augmented reality glasses will become more popular, governments around the world will control Big Tech more strictly… 2022 may be the pivotal year for many new technologies to take off. Emerging technologies Rodney Zemmel, an official at McKinsey Digital, said quantum computing is still at a relatively early stage of development. However, we've already seen the real advancements of this technology, and it's time for technology leaders to consider its impact on business. In 2022, the world will see the ecosystem grow faster, investments increase more strongly, and breakthrough research accelerated. In 2021, investments in quantum computing startups surpassed US$1.7 billion, doubling that in 2020. The momentum is expected to be … [Read more...] about What should we expect in the world of technology in 2022?