Supporting industries

Infrastructure Minister seeks industrial parks for Japanese investors By Thuy Dung Friday,  Dec 13, 2019,13:25 (GMT+7) Minister seeks industrial parks for Japanese investorsBy Thuy Dung Vietnamese Minister of Planning and Investment Nguyen Chi Dung speaks at a high-level meeting of a joint committee, which evaluates the final results of the seventh phase of the Vietnam-Japan Joint Initiative, held in Hanoi on December 12 – PHOTO: DAU TU NEWSPAPER HANOI – Vietnamese Minister of Planning and Investment Nguyen Chi Dung has called on Japanese infrastructure developers to build industrial parks for Japanese investors in Vietnam in an effort to welcome a new wave of investment. Minister Dung was speaking at a high-level meeting of a joint committee to evaluate the final results of the seventh phase of the Vietnam-Japan Joint Initiative, held in Hanoi on December 12. Investment in industrial parks with adequate … [Read more...] about Minister seeks industrial parks for Japanese investors

The delegates held that Vietnam’s IC technology has seen considerable progress in the recent 10 years in terms of design. However, IC production remains modest, they said.  At the reception. Photo: VGP According to Prof. Dr. Dang Luong Mo, the domestic IC human resources have yet to meet requirements in terms of both quality and quantity. He proposed that Vietnam should train tens of thousands of additional IC engineers in the next five years. He stressed the need for synchronous policies as well as national-level coordination for the sustainable IC development, along with the creation of an IC ecosystem nationwide. The scientists recommended that Vietnam should focus on IC design and human resources development, as well as the supply of outsourcing services in IC design. At the same time, it is necessary to tap the resources of world leading experts, including overseas Vietnamese, for the teaching and technology transfer activities in the field in Vietnam, they said. … [Read more...] about Overseas Vietnamese scientists propose measures to boost IC industry

Amid the context that the State Bank of Vietnam (SBV) tightened credit to real estate sector as well as other risky sectors and banks, at the same time, have to restructure their capital structure to meet regulations about reducing the ratio of short-term loans for middle and long-term loans in accordance with the Circular No.19 of the SBV, commercial banks have offered various credit packages with preferential interest rates for peak business season at the end of the year. Particularly, Eximbank puts aside VND4 trillion for small and medium sized enterprises to be proactive in business capital with interest rate from 6.99 percent per annum. VPBank supports 80 percent of the loan value. The maximum loan duration is eight years and disbursement is within four hours with interest rate levels of 6.9 percent per annum, 7.9 percent per annum and 8.9 percent per annum fixed in first three months, six months and twelve months respectively. Nam A Bank is offering small and medium sized … [Read more...] about Banks promote business loans at year’s end

Vietnam and the Republic of Korea (RoK) have officially signed a free trade agreement (FTA) after over two years of negotiations. With 17 chapters, 208 articles, 15 appendices and one agreement specifying commitment delivery, the deal was signed by Minister of Industry and Trade Vu Huy Hoang and RoK Minister of Trade, Industry and Energy Yoon Sang-jick in Hanoi on May 5. It covers commodity and service trade, investment, intellectual property, food hygiene and plant quarantine, rules of origin, customs facilitation, trade protection, technical barriers in trade, e-commerce, competition, economic cooperation and legal regulations. Under the agreement, the RoK will help Vietnam improve its capacity to develop and enforce policies and competitiveness in agro-forestry-fisheries, electronic technology, petrochemical and oil refinery and support industry. As the first agreement signed among those whose negotiations concluded last year, the Vietnam – RoK FTA … [Read more...] about Vietnam, RoK sign free trade agreement

Adam Ward, Country Representative of the Global Green Growth Institute (GGGI) in Vietnam (left) and Kate Bronstein, Research Environmental Engineer from RTI International. Air pollution is a mixture of small particles and gases – some we can see and some we can’t. Vietnam’s major cities are gravely affected by poor air quality; indeed, Hanoi was ranked second worst for air quality in the Southeast Asian region in 2018 by Air Visual. Situation in Vietnam When we talk about air pollution, we are referring to: particulate matter 10 micrometers or less in diameter (PM10), PM2.5, black carbon, nitrogen oxides (NO and NO2), sulphur dioxide (SO2), ozone (O3), and volatile organic carbons (VOCs). Hanoi and Ho Chi Minh City regularly exceed the safe World Health Organization (WHO) limit for air pollution such as PM2.5 and PM10. So, what is causing this poor air? This has been attributed to five main drivers, including coal power, heavy industry (such as cement … [Read more...] about Tackling Vietnam’s air pollution