Local industry

Since 2014, Vietnam has paid attention to local enterprises. The freedom for people and enterprises to do business in industries and trades not banned or required conditions by the law has been legalized - PHOTO: THANH HOA Success is the major achievement of foreign direct investment (FDI) attraction in Vietnam over the past 33 years while shortcomings are still a minor aspect. However, if those shortcomings are not rectified early, FDI attraction over the coming time, for the immediate future to 2030, will not continue to fare as well as expected. In discussion over the theme “Continuing reform to attract FDI successfully,” besides necessary contents regarding shortcomings in FDI attraction over the past time, the author would like to deal with two contents: (1) Existing shortcomings which need urgent rectification; and (2) Development of the private sector to enhance the quality and efficiency of FDI in Vietnam. … [Read more...] about Private sector development to enhance FDI efficiency

Hanoi (VNA) – An initiative to form a supermarket coalition is being developed with the support of the EU and the German Government, aiming to reduce the use of plastic shopping bags and protect the environment. According to Fanny Quertamp from Expertise France, the project is a chance for Vietnam to take specific action to cut plastic waste, and she expressed her hope that the project will receive the active engagement of supermarkets around the country. As part of efforts to implement the initiative, Hanoi is working with relevant agencies towards the formation of the coalition. The city has received support from local supermarkets. A representative from Lotte Mart Ba Dinh said that foreign customers strongly support the scheme and are willing to pay for environmentally-friendly shopping bags. Many Vietnamese customers, however, are not happy, so stronger communication campaigns are needed to raise public awareness. A BigC representative said the scheme should be introduced … [Read more...] about Supermarket coalition expected to help cut use of plastic bags

As a leading food and beverage producer, URC’s operations are bound to be heavily reliant on materials and produce waste. What initiatives have you launched to tackle this? Putting sustainability at the core of our business, we are fully aware of our responsibility to care for the environment and society while growing our business. For several years now, we have been implementing initiatives to improve the efficiency of water, energy, and waste management. All URC factories have reverse osmosis systems and reuse the water cleaned by it, as well as utilise clean energy such as compressed natural gas and biomass energy to protect the environment. Besides that, industrial waste is treated by contractors for recycling and is used as raw materials to produce pavement bricks and fertiliser, among others. Our facilities are certified with ISO 14001:2015 – an industry-leading accreditation for environmental management systems. … [Read more...] about URC Vietnam accelerates green turn

Representatives attend a groundbreaking ceremony for the Cu Chi Regional General Hospital project in HCMC on January 15 - PHOTO: SGGPO HCMC - The HCMC Project Investment Management Authority for Civil and Industry on January 15 broke ground on the Cu Chi Regional General Hospital project with a total investment of over VND1.8 trillion. … [Read more...] about VND1.8-trillion Cu Chi hospital gets off ground

At the foot of the hill was beautiful beaches and rocks. As the transport system remained primitive here, the beaches were untouched. Sitting on the beach, listening to sea waves and admiring little birds flying in the sunset sky made me feel like I was soothed by Mother Nature. … [Read more...] about The tranquil, soothing hill in Binh Thuan