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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Inside a Tien Phong Plastic Joint Stock Company factory. The company expects revenue and profit in 2021 to reach VND4.8 trillion and VND460 billion, respectively. — Photo courtesy of the company While many plastic enterprises reported positive results in both revenue and profits in the fourth quarter of last year, there are still enterprises reporting a decline in profits, even suffering losses. HCD Investment Production and Trading Joint Stock Company announced that their Q4 profit nearly doubled last year’s figure to reach VND15.5 billion (US$682,500). HCD attributed the profit growth to the sharp increase in oil prices and plastic resins prices, while the company stored a large amount of imported inventory at a time of low prices. For the whole year of 2021, HCD's revenue reached VND732 billion and profit after tax of more than VND48 billion, up 47 per cent and 3.3 per cent respectively compared to 2020. Tien Phong Plastic Joint Stock Company expects revenue and profit … [Read more...] about Plastic businesses report contradictory earning results
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
'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?
Employers want to keep hold of workers, but some in many industries are struggling to stay afloat, , Photo Le Toan Thousands of employees at Taiwan-owned shoemaker Pouchen Vietnam in the southern province of Dong Nai last week returned to work after a 4-day strike when the company announced lower bonuses. They requested that the company should offer the same bonus as last year, but Pouchen said they could only stretch to offering gift packages this year and increasing the bonus next year if better revenues are achieved. Employees who work for one year will receive a one-month wage, which will steadily increase with seniority. For individuals who have worked for 12 years, they will receive a 1.54-month salary for the bonus. Meanwhile, it was 1.9 months of income in 2021 and even up to 2.2 months in prior years. Pouchen Vietnam said it was unable to offer the same Lunar New Year bonus level as last year due to the pandemic, with the company failing to meet its business targets … [Read more...] about Expectations muted for holiday bonus