KTFA: Vietnam: 

Henig:  Circular economy gains momentum back home

February, 21/2023 - 10:04

The circular economy would serve businesses well by enabling the efficient use of resources and facilitating their deeper involvement in the global supply chains.

HÀ NỘI — The circular economy has begun to gain traction in Việt Nam for its potential to optimise resource use, stabilise supply, and offer competitive advantage opportunities for businesses.

Phạm Minh Thiện, general director of Thanh Bình Company Ltd, revealed that his company's production process had been designed so that waste in one stage becomes fodder for another.

He said his company had bought land in the Tân Hồng region to grow a particular strain of rice, which can easily do without fertilisers, pesticides, and crop care. As such, the strain causes a minimal impact on the environment.

KTFA: Vietnam

Henig:  MOF considers allowing businesses to pay bond interest in shares, realty products

February, 20/2023 - 07:34

The Ministry of Finance has proposed that the Government consider allowing enterprises to pay principal and interest of bonds in shares and real estate products.

HÀ NỘI - The Ministry of Finance has proposed that the Government consider allowing enterprises to pay principal and interest on bonds in shares and real estate products.

The Ministry of Finance (MoF) has just submitted to the Government a draft decree on trading private placement of corporate bonds in the domestic market and offering bonds to international markets.

KTFA: Vietnam

Henig:  Shan Tuyet, tea as nature intended

06:00 | 19/02/2023

The Shan Tuyet tea trees on top of the mountains in Phin Ho region of Ha Giang Province have been silently witnessing the passage of time for centuries and starring as central characters in folk tales.

Shan Tuyet tea is very precious to the Red Dao people in Phin Ho. Trieu Mui Nghinh, a veteran resident of Thong Nguyen Commune in Hoang Su Phi District, has spent her whole life making the tea specialty, which has a slight bitter taste of tea leaves at first, but leaves a sweet after-taste.

KTFA: Vietnam

Henig:  Viet Nam to issue e-passports in March

07:00 | 18/02/2023

The Ministry of Public Security and the Vietnamese diplomatic missions abroad will officially issue passports containing electronic chips for Vietnamese citizens from March 1, 2023.

An e-passport will be embedded with a microchip that stores the holder’s personal information, fingerprint scans, identification photo, and a digital signature.

The electronic chip is attached to the back cover of the passport. Languages used in the passport include Vietnamese and English.

Citizens who are at least 14 years old are eligible to apply for a passport with or without the electronic chip. The passports are valid for 10 years.

E-passport holders will be given priority by the foreign sides when considering and granting entry visas.

KTFA:  Vietnam

Henig:  Đà Lạt plans to open casinos, new night market at tourist destinations

07:00 | 17/02/2023

Đà Lạt has proposed to Lâm Đồng Province that the city open food markets, new night markets, and casinos in the Valley of Love and other tourist destinations as part of its night-time economy development project.

The Đà Lạt People’s Committee plans to open a musical park at a city flower garden, and a food market in the area of Trần Lê and Hoàng Văn Thụ streets. Business hours of cafes, cinemas, and shopping centres will be lengthened to increase sales.

In the period of 2023 to 2030, a 1,600-metre walking street on Trần Quốc Toản Street will be opened. A new, modern night market located in the city’s Light Park will also replace the current one on Nguyễn Thị Minh Khai Street.

KTFA: Vietnam:

Hanig:  Minister asks India to open market for farm produce

February, 16/2023 - 07:44

Việt Nam hopes India will speed up the opening of its market for Việt Namese farm produce and fresh fruit, Minister of Industry and Trade Nguyễn Hồng Diên proposed during his reception of Indian Ambassador to Việt Nam Sandeep Arya in Hà Nội on Tuesday.

HÀ NỘI — Việt Nam hopes India will speed up the opening of its market for farm produce and fresh fruit, Minister of Industry and Trade Nguyễn Hồng Diên proposed during his reception for Indian Ambassador to Việt Nam Sandeep Arya in Hà Nội on Tuesday.

KTFA: Vietnam

Henig:  E-commerce market achieves major breakthrough

06:00 | 15/02/2023

(VEN) - The value of Vietnam's e-commerce market is expected to reach US$40 billion by 2027, representing growth of 28 percent - the highest expansion rate in Southeast Asia, according to the conclusion of Meta and Bain & Company's annual SYNC Southeast Asia study on the digital economy and the future of e-commerce in the region.

Double-digit growth

Vietnam’s e-commerce market is predicted to record 28 percent growth, the highest rate among Southeast Asian nations, and reach US$40 billion by 2027. The average contribution of e-commerce to total retail has continued to increase at 15 percent, accounting for six percent of Vietnam’s total retail value.