Lessons learnt questions

At the event, participants concluded the implementation of Rethinking Plastics’ four pilot projects in sustainable consumption and production of plastics, plastic waste management on land and sea, as well as awareness-raising activities. The event also aimed at enhancing the policy dialogue between the EU and Vietnam on plastic pollution, the transition to a circular economy, and publicly closed the activities of the Rethinking Plastics project in the country. In Vietnam, the project – financed by the EU and the German Federal Ministry for Economic Cooperation and Development – cooperated closely with MoNRE and other ministries and partners since 2019 to develop regulatory frameworks and concrete actions to avoid, reduce, and better recycle plastics. The Closing Event of the Rethinking Plastics saw the participation of high-ranking officials from the EU and Vietnam, as well as stakeholders that cooperated towards the success of the project Giorgio Aliberti, EU … [Read more...] about Closing event of Rethinking Plastics heralds new age of combatting plastic pollution

Public and private sectors work together to establish a circular business economy in Vietnam, aiming towards the country's 2050 objective of net zero emissions. Photo by: Duc Thanh The conference saw the participation of representatives from the MoNRE, the United Nations Development Programme (UNDP), the Global Plastic Action Partnership (GPAP), SCG Vietnam and BeerCo Limited, the Vietnam Chamber of Commerce and Industry (VCCI), and other international organisations and businesses, as well as the press. During the plenary session, the panellists examined the feasibility of building CE in Vietnam to achieve the net zero emission objective by 2050. They also discussed factors to be considered when implementing a circular approach in the country, taking into account lessons learnt from foreign partners and proposals for the transition to circularity. Minister of Natural Resources and Environment Tran Hong Ha emphasised the importance of revamping the current linear economy in … [Read more...] about Vietnam primed for circular and sustainable advancement

Illustrative photo. Speaking with Saigon Investment about the credit room, Dr. HO QUOC TUAN, University of Bristol, U.K., said that the world has seen several periods of crisis as currently present today. The general lesson that can be learnt when using credit lines is that many loans will turn into non-bank loans, so it is more difficult to control. When borrowing from banks, there are rules on capital adequacy besides many other regulations. When using the credit tool, the purpose to be achieved is not clear and it is not easy to set specific limits. JOURNALIST: - Sir, what do you think about the State Bank of Vietnam's opinion that if Vietnam removes the credit limit, then banks will race to credit markets, which will then lead to an increase in interest rates to mobilize and lend, thereby affecting the macro currency? Dr. HO QUOC TUAN: - This is not true at all. Because when the Covid-19 pandemic occurred, or even before the pandemic, central banks were not naive to think … [Read more...] about Roadmap needed to remove credit room

Ring road plan to transform market - Illustrative photo (Source: VNA) The government has asked the National Assembly (NA) to consider and decide on the policy for investing in the ring roads to be located in the country’s two biggest cities. Tran The Anh, sales director of Thang Loi Group, said that the land fund in inner cities is increasingly exhausted and prices are high, with investors turning to suburban real estate. “There is a thirst for houses for those living and working in Ho Chi Minh City in particular,” The Anh said. “The shifting trend of investors and individual financiers is also creating a new vitality for the real estate market in the suburbs.” One of the issues discussed by NA delegates and experts is how to exploit the land fund around the two ring roads, which will soar in value. Already in many places, the price of land in the area has increased dozens of times over. “Because the two routes will open up a vast land fund, the management of auctions of … [Read more...] about Ring road plan to transform market

UK trade minister Anne-Marie Trevelyan said the country wants to be a part of Vietnam’s development story in the 21st century, and fostering bilateral trade relations is among its priorities. Vietnam and the UK should set a trade turnover target of over US$10 billion by 2023, which would be a meaningful step to mark the 50 th anniversary of Vietnam-UK diplomatic relations next year. Chairman of the National Assembly Vuong Dinh Hue (mid) at the forum. Source: VNA Deputy Prime Minister Le Van Thanh gave the remarks at the Vietnam-UK High-level Forum on Economy and Trade held on June 29. The event is one of the highlights of a visit to the UK by the high-ranking delegation from the National Assembly of Vietnam led by Chairman Vuong Dinh Hue from June 28-30. According to Thanh, the Vietnam-UK strategic partnership has progressed strongly over the years and contributed to socio-economic development in each country. Thanh expected the partnership would … [Read more...] about Vietnam-UK target US$10-billion trade turnover by 2023

NA Chairman Vuong Dinh Hue witnesses the exchange of co-operation agreements between businesses and localities of Viet Nam and the UK. — VNA/VNS Photo Doan Tan National Assembly Chairman Vuong Dinh Hue attended a Viet Nam-UK high-level forum on economy and trade in London on June 29 (local time), as part of his ongoing visit to the UK. With the aim of stronger economic, trade and investment partnerships between the two countries, the event drew Vietnamese Deputy Prime Minister Le Van Thanh, British Secretary of State for International Trade Anne Marie Trevelyan, Member of Parliament Graham Stuart (the Prime Minister's Trade Envoy to Vietnam), and a large number of Vietnamese and British businesses. Addressing the event, Deputy PM Thanh highlighted important progress in the Viet Nam-UK Strategic Partnership, as well as great chances for both sides to bolster their ties through the UK-Vietnam Free Trade Agreement (UKVFTA). He underlined that both sides should optimise the … [Read more...] about NA Chairman attends Viet Nam-UK forum in London