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Recommendations made to improve HCMC’s Cat Lai Port
Business

Recommendations made to improve HCMC’s Cat Lai Port

The Trade Facilitation Program in Vietnam, funded by the United States Agency for International Development (USAID), has made a number of recommendations on reducing congestion and facilitating logistics at Cat Lai Port in Ho Chi Minh City. Leveraging IT solutions, expanding infrastructure, and improving operational performance count among the most notable.
Business

Textiles & garments aiming to complete ‘greening’ by 2030

Vietnam’s textiles and garment sector is a traditional outsourcing industry using a lot of labor and natural resources, making its transition to green production a major challenge. The Vietnam Textile and Apparel Association has set a target of reducing energy consumption by 15 per cent and water consumption by 20 per cent by 2023 and completing the “greening” of the sector by 2030.
Business

PM meets with Warburg Pincus CEO

On May 15, at a meeting with Mr. Charles Kaye, CEO of Warburg Pincus, Prime Minister Pham Minh Chinh, who is in the US on a working visit, affirmed that the Vietnamese Government has introduced favorable conditions for foreign investors to do business effectively, and suggested that the company continue to expand its investment in the country. Vietnam is Warburg Pincus’s third-largest investment destination in Asia, following China and India.
Solutions sought to develop science and technology businesses

Solutions sought to develop science and technology businesses

The Vietnam Association of Science and Technology Enterprises (VST) requires solutions to develop science and technology enterprises and build a database on such enterprises, to be able to understand their situation and so provide support and promote effective development, according to Deputy Minister of Science and Technology Tran Van Tung.
IFC supporting Mavin Group in pig raising

IFC supporting Mavin Group in pig raising

The International Finance Corporation (IFC) and the IFC Emerging Asia Fund under the IFC Asset Management Company will invest $52 million in the Mavin Group to help tackle the consequences of African Swine Fever (ASF) in Vietnam through the development of high-quality breeding pigs and by boosting pig-raising capacity.
Vietnam to work towards sustainable ocean economy

Vietnam to work towards sustainable ocean economy

At the International Conference on the Sustainable Ocean Economy and Climate Change Adaptation on May 12, Deputy Prime Minister Le Van Thanh expressed a hope that all countries will take effective measures to sustainably develop the ocean economy. He also affirmed that Vietnam will cooperate with other countries on resolving and responding to global challenges for a clean, green, and sustainable ocean economy.
IFC & HDBank sign MoU on supporting SMEs

IFC & HDBank sign MoU on supporting SMEs

On May 11, witnessed by Prime Minister Pham Minh Chinh, who is paying a working visit to the US, the International Finance Corporation (IFC) and HDBank signed an MoU on strategic cooperation, promoting support for small and medium-sized enterprises (SMEs) to access finance, including financing in high-tech agricultural chains, and to participate in global supply chains.
Net profits of listed companies up in Q1

Net profits of listed companies up in Q1

According to VnDirect, the net profits of listed companies increased 33.2 per cent year-on-year in the first quarter of 2022. The Banking, Chemical, and Food sectors were growth drivers. The Chemical sector saw net profit growth of up to 304.1 per cent. The utilities and electricity sectors also grew above expectations.

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