Illustrative image (Source: Internet) Hanoi (VNA) – Green consumption is considered one of the effective measures to minimise the discharge of plastic waste to the environment and encourage sustainable production and consumption, according to experts. Associate Prof. Dr. Do Van Manh, Vice Director of the Institute of Environmental Technology under the Vietnam Academy of Science and Technology said that the overuse of single-use plastic products and the poor management of plastic waste have led to worsening plastic pollution. He stressed the urgent need to enhance public awareness and change consumers’ habit in using single-use plastic products . Green consumption is also an important content of the national strategy on green growth in the 2021-2030 period with a vision to 2050. Currently, many mechanisms, policies and programmes have been implemented to encourage green consumption. Many large-scale supermarkets of Vietnam have taken specific and actions to … [Read more...] about Green consumption – key for plastic waste reduction
"Crazes never end in Vietnam & they will keep chasing blindly for things that is not important in their life & always overlook/neglect/ involve their near & dear ones with mishap/losses/debt in their endeavor. Nothing is so prestigious/glamorous/assume & look good to others in life & what's the point of showing??? Eventually the show will end & with full of debts to settle!!!" wong.cheemeng.bnw "The power of advertisement and psychology." westwoodly "Slave to consumer fashion ... awaking to the world will cost them dearly." louiseverweert "Not much different than those queuing all night for a new movie release or running and fighting like fools at the mall for Black Friday..." Deymon Reddington "Let's hold a memorial service for all of those who couldn't get their hands on the newest iPhone. The greatest tragedy of the 21st century. A candlelight vigil will be held soon, let's all go and pay our respects." ianstewart711 … [Read more...] about iPhone fan or consumption slave?
(Photo: https://thainews.prd.go.th/) Bangkok (VNA) - The Siam Commercial Bank ( SCB )’s Economic Intelligence Centre (EIC) has readjusted up its projection for Thailand’s GDP growth at 3% this year and 3.7% in 2023, thanks to the recovery of tourism and private consumption. Somprawin Manprasert, SCB’s First Executive Vice President, and Chief Economist, and Chief Strategy Officer of the EIC , said the adjustment was made to reflect the revenue from the tourism industry and related sectors, and continuous growth in private consumption. According to the EIC, Thailand is expected to serve 10.3 million international visitors this year, and 28.3 million foreign arrivals next year. The EIC forecasts that the Thai economy will take another two years to recover at full speed, and the country’s Monetary Policy Committee will further raise the policy rate at increments of 0.25%. The committee is expected to make these changes in September and November, making the policy … [Read more...] about Thailand’s GDP growth in 2022 expected at 3%
Meat Deli products at a supermarket. (Photo: meatdeli.com.vn) Hanoi (VNS/VNA) - As pork consumption is expected to rise in the short term, many big companies are injecting trillions of dong into pig farming, with a market value estimated at up to 15 billion USD. In a recent report, Fitch Solutions said that total meat consumption in Vietnam is forecast to grow over 25% during 2018–2026. And pig farming has become an attractive business because pork is the main animal protein in Vietnamese meals, accounting for about two-thirds of total meat consumption. By 2026, each Vietnamese person will consume on average more than 51kg of meat per year, up 9% compared to this year’s expected consumption. Of which, 31kg is pork, more than 16kg is chicken, and more than 4kg is beef. Strong businesses will also benefit from a potential recovery in pork prices in the future, Fitch Solutions added. In addition, after the African swine fever spread in 2019, smallholder farmers … [Read more...] about Vietnamese giants invest trillions of dong in raising pigs
New records At the end of the second quarter of 2022, Techcombank announced it had received a US$700 million syndicated loan with a green shoe option of an additional US$300 million. This transaction is the largest medium and long-term syndicated loan by a commercial bank in Vietnam. Techcombank has already borrowed US$500 million and US$800 million over each of the previous two years, respectively. VPBank has also announced the successful mobilization of a three-year syndicated unsecured loan of US$600 million. The loan is co-arranged and fully underwritten by Sumitomo Mitsui Banking Corporation (SMBC) and Maybank Securities Pte (Maybank), with the involvement of various other parties. In all, VPBank has received three international syndicated loans jointly arranged by Japan’s SMBC bank this year. The International Finance Corporation (IFC) and HDBank also reached a strategic cooperation agreement to help small and medium-sized enterprises (SMEs) access loans and … [Read more...] about Banks negotiate record foreign loans
It is thought that Viet Nam's prices will strongly fluctuate along with global prices for the foreseeable future as the country's petrol supply could only meet 70 per cent of domestic demand. People buy gasoline at a petrol station in Ha Noi. The sign says "prices under adjustment period." - VNA/VNS Photo While a stabilisation fund may suffice in the events of slight increases, it's inadequate in responding to strong fluctuations. To make matters worse, it has proven to hinder bringing down prices as retailers lack incentives to improve sales during periods in which domestic prices are lower than the international market. With the immediate target of bringing prices back to VND20,000-22,000 per litre to support business activities and keep inflation under control, they urged the Government to scrap the fund. At the same time, it should improve the country's storage to the tune of millions of cubic metres, which may ensure a stable supply for up to half a year at the … [Read more...] about Economists petrol stabilisation fund to be scrapped