A wind power project in the northern province of Ninh Thuan. — Photo evn.com.vn The Vietnamese economy’s unparalleled exposure to multinational corporations and the global consumer market calls for a pragmatic alignment between the country’s renewable energy strategy and the decarbonisation commitments of the global brands, according to IEEFA’s latest report on Viet Nam. “Multinational corporations responsible for up to US$150 billion of Viet Nam’s export revenues have made specific pledges on carbon neutrality or decarbonisation of varying scope and timelines,” said Thu Vu, energy finance analyst leading the Vietnamese market coverage for IEEFA. “These brands’ journey toward sustainability progress is one in which Viet Nam can not afford to ignore or miss out on.” Viet Nam is currently the largest exporter of goods in developing Southeast Asia. With nearly 60 per cent of the exports being manufactured goods for the big brands, its growing role in the global supply chain … [Read more...] about IEEFA: Viet Nam’s manufacturing future rests on a credible renewable energy game plan
Cup quoc gia viet nam 2021
Taste of Australia 2022 aims to strengthen Viet Nam – Australia relationship
Shannon Leahy – Trade Commissioner, Austrade and Nguyen Thi Thanh Thuy – General Director of BRG Retail. — Photo courtesy of Austrade The Taste of Australia 2022 is being held to showcase the best of Australian food, building on Australia's international reputation as a high-quality, safe, and sustainable supplier of food and beverages. The event aims to celebrate a strengthening bilateral relationship, flourishing trade and equally vibrant culinary cultures. This year's programme kicked off with a launch in HCM City on April 20. It will run through the month of June with a range of official events run by the Australian Embassy in Ha Noi, the Australian Consulate-General in HCM City and the Australia Trade and Investment Commission (Austrade). Taste of Australia 2022 has partnered with up to 40 of the best restaurants and prestigious chefs from diverse culinary cultures in both Ha Noi and HCM City to highlight the versatility and first-class quality of true Australian produce … [Read more...] about Taste of Australia 2022 aims to strengthen Viet Nam – Australia relationship
Trade remedies to Thai sugar boost domestic recovery
A farmer harvests sugarcanes in Tuyên Quang Province. Photo qdnd.vn HÀ NỘI — After the Vietnamese imposition of anti-dumping and anti-subsidy duties, the volume of Thai sugar imported to Việt Nam hit a four-year low in Q1 of 2022, speeding up the recovery of domestic sugar. Thailand exported 199,780 tonnes of sugar to Việt Nam in Q1 of 2021. On June 15, 2021, the Vietnamese Ministry of Industry and Trade began to apply trade remedies to the commodity, driving down the figure to just 33,682 tonnes in Q1 of 2022. The decline of Thai sugar has given a boost to domestic production. The Vietnam Sugar and Sugarcane Association (VSSA) reported that 6.4 million tonnes of sugarcane had been pressed by late April to produce 662,530 tonnes of sugar, up 5.1 per cent year-on-year. Domestic producers also saw better profits. Specifically, the leading firm in the industry, Thành Thành Công-Biên Hòa JSC, made an after-tax profit of VNĐ648 billion (US$28.3 million) between July 2021 to March … [Read more...] about Trade remedies to Thai sugar boost domestic recovery
Improved gender equality vital to recovery of garment, footwear industries
Female workers at a garment company in Đồng An Industrial Zone in the southern province of Bình Dương. — VNA/VNS Photo Chí Tưởng HÀ NỘI — Further empowering women will help improve Việt Nam's garment and footwear sectors after the COVID-19 crisis, evidence from the ILO’s flagship programme has shown. 'Better Work Việt Nam' worked with the Việt Nam Chamber of Commerce and Industry (VCCI) and was supported by the Australian Government and other donors, to organise a national conference on women’s empowerment during the COVID-19 recovery in Hà Nội on Wednesday, towards a more resilient garment and footwear sectors. Better Work Việt Nam is a unique partnership between the ILO and the International Finance Corporation (IFC), a member of the World Bank Group, with the ultimate goal of improving working conditions and boosting the competitiveness of these key export industries of Việt Nam. Facing the COVID-19 crisis, the programme gave gender a greater priority in recognition of the … [Read more...] about Improved gender equality vital to recovery of garment, footwear industries
Institutional reforms key to reaching high-income status
Speakers at a conference discuss how improving institutional performance can help Việt Nam achieve its target of reaching high-income status in 2045. — VNA/VNS Photo HÀ NỘI — Việt Nam must seek to adapt its economic growth model while drastically improving the Government's capacity to coordinate and implement economic policy reforms and public investments to realise its objective of reaching high-income status by 2045, said a recent World Bank (WB) report. The report emphasises the major challenges faced by Việt Nam's traditional growth model during the COVID-19 pandemic, slowing globalisation and the Southeast Asian economy's increasing vulnerability to external shocks, especially climate risks. The key to addressing said issues, according to WB, is for the country's institutions to adapt and improve. “Việt Nam's GDP per capita has increased fivefold over the past three decades, while its institutions have not adapted at the same speed since the Đổi Mới (Renewal) course of … [Read more...] about Institutional reforms key to reaching high-income status
Lao student studies Vietnamese to achieve artistic dream
Ting during an Erhu class with his teacher at the Military University of Culture and Arts. — Photo courtesy of Ting Yangkeo Bảo Ngọc Before deciding to study in Việt Nam, Ting Yangkeo was already passionate about one thing: art. The Laos native, who goes simply by Ting, was born into a family of seven with creative roots. Traditional art was not only the family legacy but also a way for him to express himself. “The fact that I was born into a family that values the arts makes me feel enormously fortunate and proud,” he said. “It was so wonderful to grow up with a passion for art in your genes. I remembered spending a ton of time as a child listening to music and watching cultural programmes on television.” At the age of 11, with the encouragement of his family, Ting spent seven years studying traditional instruments at the Lao National School of Music. During that time, he also learned to play the xylophone and a flute-like … [Read more...] about Lao student studies Vietnamese to achieve artistic dream