Delegates will meet with from industry and the government

A supporting industry exhibition in HCM City. To capitalise on the opportunity to further penetrate the global supply chains, Vietnamese firms need to make products of higher quality at competitive prices. — Photo haiquanonline.com.vn Foreign companies in Viet Nam are increasingly looking to source components and parts locally, offering local firms a great opportunity to enter global supply chains, a meeting heard in HCM City. But to do so, they need to transform and make products of higher quality at competitive prices, delegates told at a press conference to introduce Metalex Vietnam and Supporting industry Show which will be held in HCM City early October. Nobuyuki Matsumoto, chief representative of Japan External Trade Organisation’s HCM City office, said the COVID-19 pandemic has severely affected the global economy. “In the case of the manufacturing sector, the previously built global supply chains have been disrupted, leading to a halt in production activities, and … [Read more...] about Supporting industries future looks bright

Tourists at the popular Bui Vien ‘backpacker street' in downtown HCM City. — VNS Photo Bo Xuan Hiep As tourism continues to revive, the hotel and tourism industry is suffering from challenges in recruiting qualified human resources post pandemic, industry players warned. Speaking at a seminar on Tuesday in HCM City, Dr Nguyen Anh Tuan, director of the Institute for Tourism Development Research, said there was a lack of high-quality staff in the industry. Vu The Binh, chairman of the Viet Nam Tourism Association, said that human resources were a weak point for the industry even before the pandemic. “Efficient, hard-working, and resourceful human resources are the backbone of any successful business. It is even more so in the case of the hotel industry.” Successful hotel operations are sustained by customer-oriented and hard-working employees who have adequate competencies, he added. A large number of hotels and resorts stopped operation during the two-year pandemic, and … [Read more...] about High-quality human resources key to sustainable tourism industry

Illustrative image (Source: VNA) Hanoi (VNA) – Over the past 30 years, industrial parks (IP) and economic zones (EZ) across the country have attracted over 100 billion USD of investment, and created jobs for more than 4 million labourers, according to the Ministry of Planning and Investment (MPI). The ministry is drafting a Government resolution on measures to increase IP, EZ efficiency. It said IPs and EZs account for 50% of the country’s total export value. However, the ministry pointed to a number of problems related to the IPs and EZs, including their unsustainable development in different aspects. Living conditions of local communities where the zones are located have not seen remarkable improvements. In the draft resolution, the MPI suggested the building of a Law on IPs and EZs in 2022, and the issuance of a Prime Minister’s decision on the coordination mechanism among ministries, sectors and localities in managing IPs and EZs. The draft also looked to … [Read more...] about Industrial parks, economic zones attract over 100 billion USD over 30 years

President Nguyen Xuan Phuc and Ambassador of Israel Yaron Mayer (Photo: VNA) Hanoi (VNA) – President Nguyen Xuan Phuc received in Hanoi on August 10 Ambassador of Kuwait Yousef Ashour Al-sabbagh and Ambassador of Israel Yaron Mayer, who came to present their credentials. At his meeting with Ambassador Al-sabbagh, President Phuc affirmed that Vietnam always attaches importance to and wishes to enhance the traditional friendship with Kuwait, one of the leading economic partners of Vietnam in the Middle East. Mentioning trade between the two countries, which was valued at about 4.8 billion USD last year, up 48% year-on-year, the President suggested Kuwait facilitate the penetration of Vietnamese goods, especially agricultural products, seafood, garments-textiles, wood products and components, into Kuwait and other Gulf countries. He also called on the Kuwait side to coordinate with Vietnamese partners and enterprises in trade promotion, and to seek suitable solutions for the … [Read more...] about President meets ambassadors of Kuwait, Israel

Illustrative image (Source: VNA) Hanoi (VNA) – Vietnam’s coal imports are forecast to rise to meet domestic production demand, according to a draft strategy for developing the coal industry in Vietnam recently introduced by the Ministry of Industry and Trade (MoIT). Accordingly, Vietnam will import about 50-83 million tonnes of coal per year during the period from 2025 to 2035, with the volume gradually falling to about 32-35 million tonnes by 2045. The data from the MoIT shows domestic coal consumption increased rapidly from 27.8 million tonnes in 2011 to 38.77 million tonnes in 2015, and about 53.52 million tonnes in 2021. The volume of coal consumed at present has more than doubled compared to 2011, mainly for electricity production. The demand for primary energy, including coal, will continue to increase, possibly peaking in the 2030-2035 period, the ministry said. Vietnam's coal demand will be around 94-97 million tonnes in 2025, and peak at 125-127 … [Read more...] about Vietnam to increase coal imports in 2025-2035 period: Ministry

At the opening of the event (Photo: VNA) Hanoi (VNA) – A week for One Commune, One Product (OCOP) product introduction opened at Thong Nhat Park in Hanoi on August 11, with more than 100 booths displaying products in many industries such as food, beverage, herbal medicine, handicraft industry , textiles, cosmetics, household appliances and vegetables. Nguyen Van Chi, deputy chief of Hanoi’s Coordinating Office for the New-Style Rural Area Building Programme, said that the event, which will run until August 14, aims to help OCOP producers and traders strengthen cooperation, thus promoting sales of the products. OCOP producers will also receive consultations and guidance to ensure their products meet the requirements of distributors and consumers, he said. On the occasion, the city asked distributors, trade centres, supermarkets and shops as well as e-commerce platforms to increase the sale of OCOP products to all the consumers. In 2021, the capital city recognised 595 … [Read more...] about Over 100 booths set up at Hanoi OCOP introduction week