Industry 4 0 empowering asean for the circular economy

Demand for industrial, logistics estates at core of enquiries next year: Savills Demand for industrial and logistics estates in addition to ready-built factories and warehouses will continue to be the core of enquiries next year, according to an expert from property consultancy Savills Vietnam. “However, in terms of new trends, data centres and cold storage facilities are in demand and have gained traction in 2020 and 2021,” John Campbell, manager of Industrial Services at Savills Vietnam told the Vietnam Investment Review. “Next year, we expect this to continue, as Vietnam is now on the radar for hyperscale facilities.” Low-value industries are beginning to set up elsewhere in Southeast Asia as Vietnam no longer offers the same incentives, he said, adding that these industries such as textiles and furniture struggle to source affordable labour and land in Vietnam. However, foreign and high value-added investors remain bullish on Vietnam’s long-term growth, … [Read more...] about VIETNAM BUSINESS NEWS NOVEMBER 23

Increased awareness The Hanoi Urban Environment Limited Company (URENCO) is cooperating with related departments and sectors to continue implementing a program to recover recyclable waste and batteries, and has received positive support from the public. The program aims to raise awareness and prompt action on waste classification at the source, recycling and reuse of waste, minimizing impacts on the environment and reducing greenhouse gas emissions. According to Nguyen Cong Thinh, Deputy Director of the Science Technology and Environment Department under the Ministry of Construction, waste has long become a top concern not only in Vietnam but also in the world. The classification of waste at the source not only yields economic benefit but also helps reduce emissions and the volumes of waste to be buried. URENCO’s recycling program is held every Saturday morning at locations in four central districts of Hanoi. Unilever Vietnam has also cooperated with VietCycle and Duy … [Read more...] about Waste not, want not: Increased eco awareness generates recycling push

Since joining the World Trade Organisation 15 years ago, Viet Nam has become a part of 17 FTAs, which are either under negotiation or underway. This has helped create a momentum for the country's exports. Viet Nam’s total export-import value rise from $84.7 billion in 2006 to $545.3 billion in 2020. Workers make shoes for export. Now, the Ministry of Industry and Trade (MoIT) is enhancing the formation of a portal that will make accessing information on the current and upcoming FTAs easier for Vietnamese businesses. Ngo Chung Khanh, Deputy Director of the MoIT’s Multilateral Trade Policy Department, said that 2021 has been a difficult year for businesses and the wider economy, but there is still hope for the future. He mentioned export turnover as an example, in which traditional markets like China and other ASEAN countries were supplemented by the US and other countries that Viet Nam has signed Free Trade Agreements with. Thanks to two newly-signed FTA's, … [Read more...] about FTAs momentum for Vietnam’s exports

Vietnamese State President Nguyen Xuan Phuc had talks with his Swiss counterpart Guy Parmelin on Friday as part of his ongoing visit to the northern European country to boost the bilateral relationship to a new height. The meeting took place after an official welcome ceremony conducted in Bern on Friday morning (local time) for the Vietnamese leader, who had arrived for a four-day official visit at the invitation of the host country’s leader. The two leaders expressed satisfaction that the traditional friendship and cooperation between Vietnam and Switzerland have been growing fruitfully over the last half century in multiple fields including politics, diplomacy, economics, trade, investment and science and technology. The Vietnamese State and people always treasure the precious support and assistance that Switzerland has given to their struggle for national independence in the past as well as its national development at present. The two sides had extensive, comprehensive and … [Read more...] about Vietnam State leader Nguyen Xuan Phuc holds talks with Swiss President Guy Parmelin