Vietnam Today

The price of domestic construction steel has recently been cut by enterprises by between VND50 and VND310 per kilo. Thus, from June 19 to June 27, construction steel saw prices cut twice and from May 11 to June 27 seven times. The steel price is now VND15,960 - 17,760 ($0.68 - 0.76) per kilo.

Asiamoney magazine has named VietinBank as Best Trade Finance Service Provider in Vietnam. In 2021, the bank’s Trade Finance sales rose 34.2 per cent compared to 2020. In the first five months of this year, it continued to set records, with growth in Trade Finance sales of 41.3 per cent year-on-year.

According to Mr. Bui Trung Nghia, Vice President of the Vietnam Chamber of Commerce and Industry (VCCI), Vietnam achieving its goal of net-zero emissions by 2050 will require the involvement of all economic and social sectors in all levels and localities. At a conference on developing the circular economy, held on June 28 by the Ministry of Natural Resources and Environment, he made five recommendations in the medium and long terms to further strengthen cooperation between the State, the government, and businesses in promoting the circular economy, including developing a distinct law and promoting and participating in effective international cooperation.

On June 28, speaking at the “Aspirations for a peaceful, sustainable, and prosperous ocean” videoconference, Prime Minister Pham Minh Chinh announced that Vietnam is committed to accelerating the implementation of solutions to develop the marine economy on the basis of green growth, biodiversity conservation, and restoration of the marine ecosystem. He affirmed that the country is ready to cooperate with the international community to resolve ocean challenges.

The Ministry of Natural Resources and Environment and the UNDP inaugurated the Vietnam Circular Economy Network within the framework of a conference kicking off the development of a national action plan to implement Vietnam’s circular economy, held on June 28. Implemented and built in 2021 with support from the embassies of Norway, the Netherlands, and Finland in Vietnam, the network will contribute to perfecting institutions and policies and accelerating the transition to an effective circular economy in all socio-economic fields.

Ms. Kristin Hughes, Director of the Global Plastics Action Partnership (GPAP) and Executive Board Member at the World Economic Forum (WEF), told the Vietnam Circular Economy Forum 2022 on June 28 that Vietnam has shown its leading role in the overall process of protecting the global environment, helping the world establish international agreements. She affirmed that GPAP wishes to continue to cooperate with Vietnam in reducing environmental pollution from plastics.