Policy formulation

Prime Minister Nguyen Xuan Phuc visits a booth showcasing made-in-Viet Nam mechanical products on the sidelines of the conference on solutions for promoting the development of the mechanical industry in Ha Noi on September 24, 2019. Photo: VGP The Government chief made the statement while addressing a conference on solutions for promoting the development of the sector in Ha Noi on Tuesday. Though mechanical industry is the “backbone” of the economy, it is lagging far behind the world, requiring great efforts from the Government and businesses to keep up with fast-changing technological revolution. It is estimated that total demand for mechanical products for 2019-2030 would reach US$310 billion but the sector may only meet some 32%, which means heavy dependence on foreign countries. Statistics show that Viet Nam has to spent billions of dollar on importing equipment, machinery and material for production annually. Against that backdrop, Phuc stressed the Government will … [Read more...] about Development of mechanical industry requires more incentives

  Nguyễn Mạnh Cường, an official from the Institute of Energy’s Department of Electrical System Development under the Ministry of Industry and Trade. Nguyễn Mạnh Cường, an official from the Institute of Energy’s Department of Electrical System Development under the Ministry of Industry and Trade, spoke with Vietnam News Agency about the implementation of the national power development master plan in 2021-2030 (or Power Development Master Plan 8). Prime Minister Nguyễn Xuân Phúc has assigned the Ministry of Industry and Trade to formulate the master plan for energy and power development in the 2021-2030 period. Could you tell us about the implementation of the draft scheme on the master plan? The Government has approved the scheme for power development master plan 8, which was submitted by the ministry. The ministry is still awaiting the official decision signed by the Government. The deadline for … [Read more...] about Power Development Master Plan 8 focuses on renewable energy

Delegates at the AMME 15 (Source: https://asean.org) Phnom Penh (VNA) – The 15th ASEAN Ministerial Meeting on the Environment (AMME 15) and related meetings concluded in Siem Reap, Cambodia, on October 9 and released a joint statement.environmental protection and cooperation on a number of environmental issues, in particular prioritised actions and initiatives taken on environmental sustainability to further promote environmental cooperation in the region.environmental issues such as climate change, environmentally sustainable cities, and circular economy in the ASEAN-EU High-Level Dialogue on Environment and Climate Change held on July 8, 2019 in Bangkok, Thailand. They recognised the high and rapidly increasing levels of marine debris, and reaffirmed their commitment for the implementation of the Bangkok Declaration on Combating Marine Debris in ASEAN Region and the ASEAN Framework of Action on Marine Debris. The ministers noted the progress of implementation of marine-debris … [Read more...] about ASEAN ministers agree on prioritised actions for environment

Nguyen Cong Thinh, Deputy Director of the Ministry of Construction’s Department of Science, Technology and Environment What is your assessment of green building in Vietnam? A number of international organizations and professional associations, such as the United Nations Development Program (UNDP), International Finance Corporation (IFC), Vietnam Association of Architects, Vietnam Construction Environment Association (VCEA) and Vietnam Real Estate Association (VNREA) have been carrying out activities to facilitate green building and urban development. The Hanoi Architectural University and the National University of Civil Engineering are training and providing human resources for green urban development and research. Sustainable, green building has become a strategic target of the construction industry, and businesses are encouraged to invest in it. Why are many businesses unwilling to develop green buildings? Many businesses are not willing to develop green buildings … [Read more...] about Few to invest in green building despite long-term savings

Rice export volume up but value falls The ministry said the total rice export volume and value in the first nine months of this year reached 5.2 million tonnes and $2.24 billion, respectively. The figures represented a rise of 5.9 per cent in volume and a drop of 9.8 per cent in value compared to the same period in 2018. Of which, Viet Nam shipped abroad 586,000 tonnes of rice in September for $251 million. The Philippines was the top market for Vietnamese rice in the first eight months of this year, consuming 1.76 million tonnes worth $720 million, 2.9 times higher in volume and 2.6 times in value over the same period last year. Strong growth was also seen in other markets, including Australia (75 per cent), Ivory Coast (nearly 35 per cent) and Hong Kong (nearly 35 per cent). The average rice price in the first eight months fell 13.8 per cent year on year to $435 per tonne. White rice led the way in the period, accounting for 47 per cent of total revenue, followed by Jasmine rice … [Read more...] about VIETNAM BUSINESS NEWS OCTOBER 14