Sustaining economic growth

Illustrative image (Source: VNA) Hanoi (VNA) – Positive changes in the real estate sector are crucial if the country wants to meet its green growth targets. Along with construction, the sector is the source of nearly 40% of carbon emissions in the world and consumes about 36 percent of total power generated globally, according to experts. Savills cited the Global Status Report for Buildings and Construction 2021 , which showed that in 2020, the real estate and construction sector accounted for 36% of global final energy consumption and 37% of energy related CO2 emissions , as compared to other end use sectors. Vietnam approved a national strategy on green growth for the 2021-2030 period with a vision to 2050, which aims to switch the country’s growth model towards a greener economy with the application of a circular economic model through the economical and efficient use of natural resources and energy, and developing sustainable infrastructure for higher growth … [Read more...] about Real estate firms advised to catch up with green growth trend

According to Berly D. Alvarez, chairman of the Philippines’s Kaunlad Lending Investors Corporation and a speaker at the 2018 Horasis Asia Meeting held recently in Binh Duong province, Vietnam’s ability to attract FDI is due to its consistent economic reform, a young and increasingly urbanized population, affordable labor, constant improvements to its business climate, and political stability. The fact that it hosted the 2017 APEC meetings highlights its regional economic integration and steadily improving business climate, he added. Vietnam has been attracting investment in infrastructure, including power projects, road and rail construction and renewable energy. Don Lam, CEO of VinaCapital, said Vietnam’s economy remains strong with 6.6 percent growth targeted next year, inflation remaining under control and manufacturing expanding. “More foreign investment is expected to flow into Vietnam in the coming time.” Pakpoom Vallisuta, chairman of The Quant Group Corporation, a … [Read more...] about Vietnam a regional FDI magnet say experts

The July 1 event attracted officials and enterprises from both sides. In her remarks, Lord Mayor of Nottingham Wendy Smith described her city as a dynamic economic hub where many Vietnamese people are residing and studying. Nottingham welcomes all Vietnamese companies and investors, she affirmed, hoping that the economic and trade relations between the two sides will grow further in the coming time. Vietnamese Ambassador to the U.K. Nguyen Hoang Long, for his part, said there is plenty of room for the relations between Vietnam and Nottingham to expand. Nottingham is home to a large Vietnamese community, and many Vietnamese students are pursuing education at two major universities here – University of Nottingham and Notting Trent University, he said, emphasising that they will act as a bridge to further develop the bilateral partnership. With enthusiastic support from the government of Nottingham for trade and investment between the two sides and exchanges between their … [Read more...] about Meet Vietnam comes to U.K.’s Nottingham to promote trade, investment

Vietnamese Ambassador to the UK Nguyen Hoang Long delivers a remark at Meet Vietnam in Nottingham. (Photo: VNA) The July 1 event attracted officials and enterprises from both sides. In her remarks, Lord Mayor of Nottingham Wendy Smith described her city as a dynamic economic hub where many Vietnamese people are residing and studying. Nottingham welcomes all Vietnamese companies and investors, she affirmed, hoping that the economic and trade relations between the two sides will grow further in the coming time. Vietnamese Ambassador to the UK Nguyen Hoang Long, for his part, said there is plenty of room for the relations between Vietnam and Nottingham to expand. Nottingham is home to a large Vietnamese community, and many Vietnamese students are pursuing education at two major universities here – University of Nottingham and Notting Trent University, he said, emphasizing that they will act as a bridge to further develop the bilateral partnership. Lord Mayor of Nottingham … [Read more...] about Meet Vietnam comes to UK’s Nottingham to promote trade, investment

Ngoc Thao from HCMC, 32, said that one kilogram of bacon now costs between VND150,000-180,000 ($6.43-7.72), depending on whether it is purchased at a traditional wet market or a supermarket. Cheaper cuts of pork, such as cutlet and thigh, range from VND100,000-130,000 per kilogram, which is twice or thrice the price of chicken. "The prices of vegetables, spices and many other things have skyrocketed, but my salary remains unchanged, so I must cut back on my spending on expensive stuff," she said, sighing. "Now our family has meat only for one or two meals per week." A VnExpress survey of livestock farms at the end of June found that the price of live pigs had crossed VND60,000 per kg, a slight increase from previous days. The majority of farmers said the price has increased because the cost of animal feed has increased. Prices of new born pigs have also increased by 20 percent compared to two months ago. According to the Organization for Economic Cooperation and … [Read more...] about As prices rise, Vietnamese fork out less for pork