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Delegates discuss issues related to sustainable development at the ‘Good for Business, Good for Planet’ seminar held in HCM City on Wednesday. — VNS Photo Shifting to green growth would help businesses increase their competitiveness and catch up with trends in the domestic and foreign markets, delegates told a seminar in HCM City on Wednesday. As one of the world's most vulnerable countries to climate change, Viet Nam has made multi-dimensional efforts to drive the whole nation towards its collective goal of reaching net zero greenhouse gasses emissions targets, achieving sustainable development, and contributing to tackle the global climate change crisis, they said. Speaking at the ‘Good for Business, Good for Planet’ seminar held by Nhip Cau Dau Tu magazine, Tim Evans, CEO of HSBC Vietnam, said, “The green journey that Viet Nam has embarked on is bringing both opportunities and challenges. Those businesses who get onboard early can capture major opportunities and build a … [Read more...] about Going green gives businesses a competitive advantage

Vietnam Airlines signs a strategic cooperation agreement with T&T Group and SHB Bank (Photo: VNA) Hanoi (VNA) - The national flag carrier Vietnam Airlines has signed a strategic cooperation agreement with T&T Group and SHB Bank; and a Memorandum of Understanding (MoU) with T&Y SuperPortTM - a joint venture between T&T Group and YCH Group of Singapore. The agreements are expected to not only boost business efficiency and affirm the position and competitiveness of the signatories but also contribute to expanding the strategic cooperation between Vietnam and Singapore. Under the deals, the parties will prioritise using each other's products and services and jointly exploit the potential and strengths of each party to create outstanding synergistic values for the Vietnamese businesses and economy. Vietnam Airlines will provide international standard air transport services on the basis of promoting its strength as a modern fleet of over 100 aircraft , and its … [Read more...] about Vietnam Airlines expands partnerships to boot multi-sector business

Inside a Tien Phong Plastic Joint Stock Company factory. (Photo courtesy of the company) Hanoi (VNS/VNA) - Many plastic enterprises reported increased gross profit in the second quarter of this year thanks to lower raw material prices. Binh Minh Plastics Company (BMP)’s revenue reached 1.56 trillion VND (66.7 million USD) in Q2, up 7% year-on-year. The company's profit after tax was 3.5 times higher than in the second quarter of 2021, mainly thanks to the significant improvement in gross profit margin from 12.9% to 25.1%. The business attributed the increase in profit to the decrease in the price of plastic raw materials and unchanged selling prices. Tien Phong Plastic JSC (NTP) also recorded positive business results in Q2. Specifically, revenue increased 38% to 1.72 trillion VND (73.6 million USD). Gross profit doubled to 504 billion VND. Profit margin was 29.3%, up sharply from 19.9% in the second quarter of 2021. However, financial expenses and selling expenses … [Read more...] about Plastic firms report profit rises in Q2

At Go! supermarket in Ha Long, Quang Ninh - Illustrative image (Photo: VNA) Quang Ninh (VNA) – The northeastern province of Quang Ninh has implemented many practical programmes to promote the consumption of local product s in the domestic market . The province took the move in implementing Directive 03-CT/TW dated May 19, 2021 of the Party Central Committee’s Secretariat on intensifying the Party’s leadership over the campaign of “Vietnamese people prioritise using Vietnamese goods” in the new stage; and the Prime Minister’s Directive 28/CT-TTg dated October 26, 2021 on bolstering the implementation of the campaign. In the first seven months of 2022, the province’s Department of Industry and Trade has organized or participated in 11 trade promotion events in and outside the province. This included one provincial-level event - the Quang Ninh Summer OCOP (One Commune – One Product) Trade Fair, which featured nearly 300 booths; and three district-level fairs. The … [Read more...] about Quang Ninh promotes consumption of local products in domestic market

Ilustrative image (Photo: VNA) Hanoi (VNS/VNA) - The real estate market of Vietnam showed signs of recovery and more balanced development in the second quarter of this year with increases in the number of successful transactions of apartments, houses and land, according to the report of the Ministry of Construction. The absorption rates were high in most product segments while there were no new inventories, and the vacancy rate of office and commercial space for rent gradually decreased. The ministry said there were almost no affordable apartments with prices from 25 million VND to 30 million VND per sq.m at commercial housing projects in central areas. Apartments at these prices were only available in a few projects in areas away from the city centres. Some projects at this price range were xpHomes in Dan Phuong district, Gemek Premium in Hoai Duc, Xuan Mai Complex in Ha Dong, Hanoi; Dream Home Riverside in District 8, Ehome S in District 9, HCM City; and FPT City Da … [Read more...] about Real estate market is gaining balance: ministry

Illustrative image (Photo: VNA) Binh Duong (VNA) – So far this year, the southern province of Binh Duong – a magnet for foreign investment of Vietnam – attracted over 2.5 billion USD in FDI , up 74% year-on-year. To date, the province has had 4,059 foreign-invested projects worth 39.6 billion USD. After the COVID-19 pandemic is put under control, every week, Binh Duong welcomes at least one foreign delegation coming to learn about the province’s investment environment and seek cooperation opportunities. Chairman of the provincial People's Committee Vo Van Minh said the province is continuously innovating and reforming its policies to create an attractive investment environment to lure more FDI. Vietnam -Singapore Industrial Park 1 in Binh Duong province (Photo: VNA) Binh Duong has given priority to investments from developed countries, potential partners with high-tech, environmentally-friendly and smart projects which can generate high added economic … [Read more...] about Over 2.5 billion USD poured into Binh Duong since early 2022