Aquaculture exports on road to recovery
Business

Aquaculture exports on road to recovery

Though aquaculture exports were down 23 per cent year-on-year in September, the figure for the first nine months of 2021 rose 3 per cent to nearly $6.2 billion. Aquaculture businesses, however, still face problems regarding human resources, capital, and rising costs.
HCMC to eliminate ‘slums’
Society

HCMC to eliminate ‘slums’

In the renovation and urban development plan of Ho Chi Minh City for the 2021-2025 period, the city’s Department of Construction has set a target of relocating 6,500 houses on and along canals, at a total estimated investment cost of VND19.2 trillion ($840 million), of which VND9 trillion ($397 million) is expected to be used to relocate households living on and along the south bank of Kenh Doi in District 8.
Enterprise transition to circular economy not strong
Business

Enterprise transition to circular economy not strong

Many businesses are not interested in converting to the circular economy model. The interaction of one enterprise with another is still quite weak. It is time for the new economic model to have clearer legal regulations to realize the goal of sustainable production and consumption.

VET Exclusive

Vietnam Today

Vietnam & UK agree to soon recognize ‘vaccine passports’

Vietnam & UK agree to soon recognize ‘vaccine passports’

Despite the negative impact of Covid-19, thanks to the UK-Vietnam Free Trade Agreement (UKVFTA) agreement, two-way trade continued to grow handily in the first seven months of this year, with turnover reaching $3.88 billion, up 26.92 per cent. During phone talks on October 26, Prime Minister Pham Minh Chinh and Prime Minister Boris Johnson agreed to soon recognize each other’s “vaccine passports”, to facilitate the resumption of trade and tourism.

Investment

Many BOT traffic projects posting losses

Many BOT traffic projects posting losses

A number of highway projects with significant investment are not catering to the expected level of traffic, with build-operate-transfer (BOT) toll booths being in the wrong location and Covid-19 among the reasons investors are concerned about returns.

Banking & Finance

Business

Boosting coverage of agricultural insurance

Boosting coverage of agricultural insurance

Agricultural insurance is a new and somewhat complex concept in Vietnam and farmers in general pay it little attention, even though natural disasters cause annual losses of 1 to 1.5 per cent of GDP. The Ministry of Finance plans to expand the number of localities supporting agricultural insurance with funds of VND83.2 billion ($3.7 million) each year, to reduce the risk for people from disasters.
Some sectors may recruit staff towards year’s end

Some sectors may recruit staff towards year’s end

Many sectors of Vietnam’s economy are predicted to have significant demand for human resources in the closing months of the year, such as information technology, banking, and textiles. The Ministry of Labor, War Invalids and Social Affairs is building a plan to remove the difficulties in Vietnam’s Covid-hit labor market.

Society

HCMC to eliminate ‘slums’

HCMC to eliminate ‘slums’

In the renovation and urban development plan of Ho Chi Minh City for the 2021-2025 period, the city’s Department of Construction has set a target of relocating 6,500 houses on and along canals, at a total estimated investment cost of VND19.2 trillion ($840 million), of which VND9 trillion ($397 million) is expected to be used to relocate households living on and along the south bank of Kenh Doi in District 8.