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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.
Conference on ocean economy on horizon

Conference on ocean economy on horizon

The governments of Vietnam and Norway and the United Nations Development Program (UNDP) will hold the International Conference on a Sustainable Ocean Economy and Climate Change Adaptation, “Solutions for a Climate Resilient Blue Economy”, on May 12 and 13 in Hanoi. Participants will discuss means of promoting the sustainable use of ocean resources and the challenges posed by Covid-19, climate change, and environmental pollution, and will identify opportunities to accelerate practical actions that protect ocean ecosystems for economic development.
Wooden furniture grappling with lack of materials

Wooden furniture grappling with lack of materials

Aspects of Vietnam’s agricultural sector had a difficult April. While farming and fisheries continue to maintain high growth rates and the rice industry holds many advantages, wooden furniture processing and exports faces difficulties in terms of raw materials. The Ministry of Agriculture and Rural Development (MARD) will further promote international cooperation during May and develop markets for the agricultural sector to develop sustainably.
Airlines increase flights as International visitors return

Airlines increase flights as International visitors return

According to the Civil Aviation Authority of Vietnam (CAAV), while the number of domestic tourists was down 16.9 per cent year-on-year in April, international visitors stood at over 230,000, up 502 per cent year-on-year. Seizing the opportunity, many Vietnamese carriers have increased flight frequency to cater to more international visitors.
4M seafood exports up 45%

4M seafood exports up 45%

According to the Vietnam Association of Seafood Exporters and Producers (VASEP), seafood export turnover stood at nearly $3.6 billion in the first four months of this year, up 44.5 per cent year-on-year, in which pangasius exports reached 60 per cent of the annual target and shrimp exports totaled $1.36 billion, a 41.5 per cent increase year-on-year.
Support coming for fruit & vegetable exporters

Support coming for fruit & vegetable exporters

To overcome shortcomings and weaknesses among Vietnamese fruit and vegetable exporters, the Vietnam Chamber of Commerce and Industry (VCCI) has cooperated with Oxfam in Vietnam on the “Enhancing the export competitiveness of small and medium-sized enterprises in the fruit and vegetable industry” project, from now to December 31, 2023. The EU has agreed to cover 80 per cent of the funding.

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