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With expertise and advanced technology, Danish firms are expected to develop Vietnam's agri-food industry for high efficiency and sustainability. A delegation of 13 leading Danish agri-food firms in Solutions for Livestock & Food Production, Food Processing Technologies, Ingredients and Climate Control Solutions is giving expertise to Vietnamese partners Representatives of Danish companies attend the seminar held in Hanoi on August 17. Photos: Embassy of Denmark in Hanoi The delegation, which works in areas important for improving agri-food production towards high efficiency, green, and sustainability, expects to share experiences and introduce world-leading and well-proven Danish solutions in agri-food production and look for opportunities to cooperate with Vietnamese companies. The expertise was shared at during Seminar – Business Matchmaking held in Hanoi and Ho Chi Minh City on August 16-19. The events are part of a joint effort between the Embassy … [Read more...] about Denmark extends agri-food expertise to Vietnam

The approval of Vietnam’s circular economy development plan, announced in June, aims to help reduce greenhouse gas emissions by 15 per cent of GDP by 2030 (as compared to 2014). The commitment at COP26 by Vietnam to achieve net-zero carbon emissions by 2050 is considered the main call for investment into green technologies and friendly-environmental projects, as well as approval of plans such as the aforementioned circular economy one. These messages have sent a strong signal regarding the country’s direction towards low-carbon, green development, and a circular economy, and could be a new driving force for Vietnam’s sustainable socioeconomic development, helping to improve its competitiveness and foreign direct investment (FDI) into the country. While governments have committed to lowering CO2, companies are also following suit for the good of the planet, Photo: Shutterstock As a result, numerous groups have made decisions in terms of investment and other operations … [Read more...] about Green standards top policies for fresh foreign ventures

TTC Phong Dien solar power plant invested by GEC. — Photo geccom.vn JERA Inc., a power generation company of Japan, has signed a deal to buy a 35.1 per cent stake at Viet Nam’s Gia Lai Electricity Joint Stock Company (GEC) to tap the Southeast Asian nation's growing demand for electricity and further its own decarbonisation efforts, Nikkei Asia reported. JERA, a joint venture between Tokyo Electric Power and Chubu Electric Power, will invest 15 billion JPY (US$112 million) in the Vietnamese renewable energy company. The purchase comes as JERA aims to increase its renewables generation capacity to 5,000 MW by 2025. The stake in GEC will add 190 MW, bringing the company's total renewables capacity to 1,900 MW. JERA will also consider jointly developing solar and onshore wind projects with GEC. JERA has already participated in renewable energy projects across Asia, including India and Thailand. It has operated a gas-fired power plant in Viet Nam since 2005. GEC owns hydro, … [Read more...] about Japanese firm buys 35.1 per cent stake in Viet Nam’s power company

Vincom shopping mall in Ha Noi. Vingroup (VIC) was the biggest contibutor to the VN-Index yesterday with a growth of 2.1 per cent. — VNS Photo Mai Huong Shares eked out a gain in HCM City but lost ground in the last trading minutes in Ha Noi amid rising investor caution at the high price range. On the Ho Chi Minh Stock Exchange, the VN-Index inched up 0.05 per cent to close yesterday at 1,275.28 points – its third rally session this week and fourth since last Friday. The market breadth was negative, however, with 191 stocks rising, 252 falling and 118 closing flat. Realty stocks backed the market as half the top 10 shares lifting the VN-Index were real estate firms. Vingroup (VIC) was the biggest contributor with a growth of 2.1 per cent, followed by No Va Land Investment Group (NVL), Phat Dat Real Estate Development (PDR) and Investment and Industrial Development Corp (BCM) with gains of between 1.7 per cent and 7 per cent. Beverage companies also performed well with the … [Read more...] about Shares eke out gains in HCM but investors watch out at high price range

Well you got caught with a flat? Well, how 'bout that Well babies, don't you panic By the light of the night, it'll all seem alright I'll get you a Satanic mechanic (Lyrics from the Rocky Horror Show) You hear that chunk and feel the dump and know you’re in trouble. Yes, it’s that wonderful time when you get a flat tire and need to find the repair shop pronto. Murphy’s Law (anything that can go wrong will go wrong!) applies here: 1) it nearly always happens when you are the furthest away from a repair shop; 2) it will happen when you are in a hurry to get somewhere; or 3) just when you’ve achieved that perfect mood to get through the day… (A note for English learners – ‘tire’ is used in America and Canada, however most of the rest of the world spells it ‘tyre’ – the rubber outside part of a wheel.) A mechanic repairs a motorbike for free during a rainstorm in Da Nang in December 2018. Photo: Doan Nhan / Tuoi Tre Your magic words will be ‘sửa chữa’ … [Read more...] about The art of motorbike repairs in Vietnam

The surprise came to mind again last week when I heard news about a drunk driver ramming his car into a gas station in Hanoi, injuring eight people. Vietnam has an issue with drinking and driving. This isn't a new conversation, but it remains relevant because the issue has never been resolved. There have been many takes on why this has happened. It was said that fines and other punishment for drunk driving were too low to be a deterrent. Then businesses saw their business fall drastically, at least for a while, when the fines were doubled some time ago. There have been calls for driving licenses to be permanently revoked for drunk driving and that it is made a criminal offense. Under current laws, drivers with any amount of alcohol in their system can be fined up to VND40 million ($1,708) and have their licenses revoked for up to 24 months depending on alcohol levels and types of vehicles, among other factors. If drunk driving leads to a major accident, drivers can be fined … [Read more...] about Restaurants should be held accountable for drunk drivers