Chairman of the HCMC People’s Committee Phan Van Mai speaks at the meeting. (Photo: SGGP) The city’s chairman hoped to receive experts’ opinions and assessments on the future pandemic risks, the positive impacts on the global economy as well as Vietnam in general and HCMC particular, along with suggestions and contribution in helping the city keep its leading economic position in the country. Besides, the city has seek new driving forces and breakthrough solutions for economic recovery and sustainable development in the current situation. Assoc. Prof. Do Van Dung of the University of Medicine and Pharmacy of HCMC According Assoc. Prof. Do Van Dung of the University of Medicine and Pharmacy of HCMC, the city can protect old people from Covid-19 pandemic; reduce coronavirus deaths and overload at hospitals when reaching a target to fully vaccinate 90 percent of its population aged over 65 years and 80 percent of people aged over 50. In addition, the city needs continuously … [Read more...] about HCMC building while implementing its economic recovery’s policies
Though the pandemic has seriously impacted the world and Vietnam, it has accelerated the supply chain shift by diversifying, regionalising the production chain and scaling up global value chains. A Samsung Vietnam production line. — Photo diendandoanhnghiep.vn Tran Toan Thang, director of the Department of Industrial Forecast and Enterprise Development (DIFED), National Center for Economic Forecast and Information (NCIF), told a seminar hosted by the University of Social Sciences and Humanities (USSH) in collaboration with the Konrad-Adenauer-Stiftung Foundation (KAS) of Germany on the pandemic influence on the global supply chain and local logistics sector and business operations in Hanoi on October 14: “Though there is global prospects for production, the impact from the pandemic will affect enterprises at least until 2023.” Thang said most of the production chains that Viet Nam can access or have the potential to move to are suitable with the import and … [Read more...] about Experts seek ways for Vietnam to have healthier supply chain
HÀ NỘI — Experts have shared advice and experience to help Việt Nam better develop and protect its cultural products. The Copyright Office of Việt Nam in collaboration with the British Embassy and Rouse Law Company Limited organised a seminar on the Strategy for the Development of Cultural Industries in Việt Nam late last week. The seminar was held online with the goal of finding out the development direction for the cultural industry in Việt Nam, within the framework of the Financial Sector and Intellectual Property Programme (FSIP), which is part of the UK-funded ASEAN Economic Reform Programme to help the Government of Việt Nam develop an intellectual property system. The creative sector, such as music, film, media and digital art, usually includes creative services with intellectual property at its core. FSIP is conducted to assist relevant state management agencies such as the Copyright Office of Việt Nam, the National Office of Intellectual Property of Việt Nam and other … [Read more...] about Experts discuss strategy for the development of cultural industries in Việt Nam
Products inside a warehouse of Hoà Phát Group. The company shares climbed nearly 3 per cent in market capitalisation last week. Photo hoaphat.com.vn HÀ NỘI — Even though the VN-Index has not yet surpassed the psychological level of 1,400 points, the market was still considered positive last week. The uptrend reappeared in many stock groups, with increases in liquidity. Analysts from securities companies are quite optimistic about the market this week as their expectations on rallies have not changed. On the Hồ Chí Minh Stock Exchange (HoSE), the market benchmark VN-Index closed last week at 1,392.7 points, up 0.06 per cent, while the HNX-Index on the Hà Nội Stock Exchange (HNX) was stable at 384.84 points. Both benchmarks recorded a weekly gain, with the VN-Index up 1.45 per cent and HNX-Index up 3.47 per cent. The liquidity rose compared to the previous week and was higher than the 20-day moving average, with about VNĐ24.1 trillion (US$1.1 billion) traded per … [Read more...] about Market uptrend expected to continue this week
Experts: Night-time economy expected to boost Hanoi tourism Ta Hien street in Hanoi Night-time economy is expected to develop Hanoi tourism, tourism experts and policymakers said. The Hanoi Old Quarter, locating in the downtown in Hoan Kiem district, is the most popular destination in the capital city. Tourists come here to explore ancient streets, craft products, local food or experience lives there. In the evening, streets become more crowded and lively with Hang Dao – Dong Xuan nigh fair and outdoor music performances. Since 2016, Hanoi has allowed Hoan Kiem district to pilot the extension of opening hour of bars and restaurants to 2am. As a result, their revenues increased by about 30 percent. Following the pilot, tourist arrivals in 2016 neared 1.4 million, up 22.8 percent from a year earlier. The figure went up to 1.95 million in 2017, nearly 2.2 million in 2018 and 2.5 million in 2019. The number of business households switching to hospitality services … [Read more...] about VIETNAM’S BUSINESS NEWS HEADLINES JUNE 23
Workers sorting and treating waste at a waste treatment plant in Cà Mau City. VNA/VNS Photo Huỳnh Thế Anh By Ollie Arci and Ly Ly Cao HÀ NỘI — As the world continues to grapple with the COVID-19 pandemic, the looming climate crisis has fallen down the agenda, with efforts to stave off future environmental catastrophe waylaid in favour of immediate public concerns. However, as global leaders highlighted at the recent UN General Assembly meeting in New York, humanity is on the edge of an abyss in terms of its heavily damaged ecosystems. Last November, the Vietnamese Government adopted the amended Law on Environmental Protection, which provides a legal framework on Extended Producer Responsibility (EPR). The application of the decree will be followed by a circular on January 1, 2022. Such a framework compels companies to find solutions and take ultimate responsibility for their plastic consumption and production. In Việt Nam, the EPR concept was first introduced in the … [Read more...] about Can EPR turn back the rising tide of waste?