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The approval of Vietnam’s circular economy development plan, announced in June, aims to help reduce greenhouse gas emissions by 15 per cent of GDP by 2030 (as compared to 2014). The commitment at COP26 by Vietnam to achieve net-zero carbon emissions by 2050 is considered the main call for investment into green technologies and friendly-environmental projects, as well as approval of plans such as the aforementioned circular economy one. These messages have sent a strong signal regarding the country’s direction towards low-carbon, green development, and a circular economy, and could be a new driving force for Vietnam’s sustainable socioeconomic development, helping to improve its competitiveness and foreign direct investment (FDI) into the country. While governments have committed to lowering CO2, companies are also following suit for the good of the planet, Photo: Shutterstock As a result, numerous groups have made decisions in terms of investment and other operations … [Read more...] about Green standards top policies for fresh foreign ventures

Production recovery An increasing number of multinational corporations are raising capital and/or moving production to Vietnam. Data from the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment showed that by the end of June 2022, the capital of newly registered projects, increases in the capital of ongoing projects and capital contribution and stock purchases by foreign investors totaled over US$14.03 billion, equivalent to 91.1 percent over the same period in 2021. Foreign direct investment (FDI) projects were estimated to have disbursed US$10.06 billion, an increase of 8.9 percent compared to the same period in 2021. Foreign enterprises are interested in high-tech manufacturing in Vietnam RSM Vietnam Chair Le Khanh Lam said foreign investment has always been the main driving force for Vietnam’s economic growth. Despite the impact of the COVID-19 pandemic over the past two years, Vietnam is regaining its growth momentum, with the … [Read more...] about Vietnam draws increased foreign investment

Photo: Digital platforms connect people and at the same time raise public awareness of cultural aspects of Vietnam that are not widely known (Photo courtesy of artist Nguyen The Son) Hanoi (VNA) - New investment models will be key to create opportunities for the development of Vietnam’s culture and creative industries in the international market . In recent times, the digitalisation of cultural works in Vietnam has seen a positive change, especially since COVID-19 grounded the economy to a halt and put more people online. Prof. Julia Gaimster, head of Communication and Design at RMIT University, affirmed that it is a major achievement after the five-year implementation plan put in place for the Prime Minister’s cultural industry development strategy. The increase of digital cultural content may further attract audiences at home and abroad, promoting images of Vietnamese contemporary culture to international friends around the world. Setting up digital culture … [Read more...] about Partnerships needed to optimise Vietnam’s cultural industry potential