Sustainable development

When EVFTA was about 10 days to become effective, the Copenhagen Infrastructure Partners (CIP) of Denmark, on behalf of the New Market Fund I, together with Asiapetro and Novasia Energy, signed a Memorandum of Understanding (MOU) with the People's Committee of Binh Thuan Province to develop La Gan offshore wind power projects. With an estimated total capital of US$10 billion, the project with a capacity of 3.5GW can enhance the position of Vietnam in the field of renewable energy in the world. And the successful cooperation between CIP, Asiapetro, Novasia Energy, and Binh Thuan in this project will be a foundation to attract other foreign investors to offshore wind power projects across the country. Earlier, Tesa announced that it would invest about 55 million euros, approximately $60.3 million, to open a high-tech adhesive factory specializing in serving for the electronics and automotive industries. According to the plan, Tesa will start production in 2023 with about 140 employees … [Read more...] about Opportunities to welcome high-quality FDI capital with EVFTA

Hanoi (VNA) – The EU-Vietnam Free Trade Agreement (EVFTA) strengthens EU economic links with Southeast Asia and will potentially contribute to its recovery after the coronavirus crisis, moderndiplomacy.eu quoted an EU official as saying in a story published on August 3. The EVFTA, which took effect on August 1, will not only ultimately scrap duties on 99 percent of all goods traded between the two sides but also make it easier for European companies to do business in Vietnam, according to the site. They will now be able to invest and pitch for government contracts with equal chances to their local competitors, it said. Under the new agreement, the economic benefits go hand in hand with guarantees of respect for labour rights, environment protection and the Paris Agreement on climate, through strong, legally binding and enforceable provisions on sustainable development. “The European economy needs now every opportunity to restore its strength after the crisis triggered by … [Read more...] about EVFTA expected to contribute to EU recovery after coronavirus crisis

However, the country has already made progress on some of these commitments as Vietnam ratified the ILO Convention 98 on collective bargaining and adopted the revised Labour Code in November 2019. The nation also confirmed a timeline for the ratification of the remaining two fundamental ILO conventions on freedom of association and on forced labour. … [Read more...] about Provisions now in place via EVFTA for Vietnamese labour advances

The implementation of free trade agreements has boosted the development of the region’s manufacturing industries. Many businesses have upgraded their technologies and applied advanced production processes according to international standards, such as ISO, HACCP, ASC, BRC, BAP and GlobalGAP in order to improve competitiveness and meet market demands. The local industry and trade sector has also strengthened information dissemination to help businesses understand and meet the technical requirements of export markets. … [Read more...] about New top-level coordinating body to provide boost for Mekong Delta provinces

Students who are accepted at INTEK have the chance to discover a stimulating educational environment without strict curricula, theories, teachers, classes, and homework. Instead, they will experience new ways of knowledge acquisition through real projects, improve necessary skills for future jobs, and educate themselves with the right mindset required for their advancement. … [Read more...] about INTEK offers unique funding to ease entry into IT