EuroCham co-hosts green economy forum & exhibition
EuroCham and the Ministry of Industry and Trade will host the Green Economy Forum & Exhibition (GEFE) 2022 in Ho Chi Minh City from November 28-30.
The three-day event aims to promote sustainable development cooperation between Vietnam and the EU via dialogue, technology and expertise transfer, and investment.
It also seeks to help Vietnam in fulfilling commitments made at the COP26 and achieve socioeconomic goals per the national 2021-2030 green growth strategy, Deputy Minister of Industry and Trade Do Thang Hai said at a press conference in Hanoi Monday.
The three-day GEFE 2022 will comprise conferences, exhibitions, B2B and B2G matching sessions.
Deputy Minister of Industry and Trade Do Thang Hai and EuroCham board members at a press conference on GEFE 2022 in Hanoi on October 3, 2022. Photo courtesy of EuroCham.
The ministry’s Vietnam Trade Promotion Agency (Vietrade) and EuroCham signed Monday a memorandum of understanding on boosting cooperation in trade promotion and investment between Vietnamese and EU firms.
Vu Ba Phu, head of Vietrade, said Vietnam would soon build a legal framework on energy transition, carbon emission reduction and green growth, for which it would seek to learn from the EU’s experiences.
The EU is the fifth biggest foreign investor in Vietnam with $27.6 billion in registered capital, including $2.2 billion registered in the first eight months of this year, up 69.6% year-on-year.
Between August 2021 and July 2022, or the second year of the Europe-Vietnam Free Trade Agreement (EVFTA), bilateral trade jumped 11.9% year-on-year to $61.4 billion. Vietnam earned $45 billion from exports, up 17% year-on-year; and spent $16.4 billion on imports, up 0.2%.
- Related News
- Read More
Taiwanese bike manufacturer Giant to invest $120 mln more in southern Vietnam
Giant Group, a Taiwan-based bike manufacturer, plans to invest $120 million more in Binh Duong province, a southern industrial hub of Vietnam, said Bonnie Tu, chairperson of the group.
Industries - Tue, April 23, 2024 | 2:56 pm GMT+7
Lukewarm interest in Vietnam’s first gold auction after 11 years
Just two companies submitted bids to buy 3,400 taels of SJC-branded gold bars, or 20.2% of the volume offered, at an auction held by Vietnam’s central bank Tuesday.
Banking - Tue, April 23, 2024 | 2:45 pm GMT+7
High-speed ferry operator Superdong Kien Giang posts 40% fall in Q1 profit
Superdong Fast Ferry Kien Giang JSC reported an after-tax profit of VND20 billion ($785,700) on net revenue of nearly VND108 billion ($4.24 million) Q1/2024, down 40% and 8% year-on-year, respectively, according to its Q1 financial statements.
Companies - Tue, April 23, 2024 | 1:52 pm GMT+7
ESG rules must be tightened to unlock green capital flows: HSBC exec
Lam Thuy Nga, country head of large corporate, wholesale banking at HSBC Vietnam, shares her thoughts from the Vietnam Connect Forum 2024.
Consulting - Tue, April 23, 2024 | 11:05 am GMT+7
US chip giant Nvidia delegation discusses AI, semiconductor cooperation with Vietnam
Executives from U.S. chip and Artificial Intelligence (AI) giant Nvidia led by vice president Keith Strier are in Vietnam to explore investment opportunities in AI and semiconductors, local media has reported.
Industries - Tue, April 23, 2024 | 10:03 am GMT+7
New retail player Van Thai Land to rekindle ‘old’ brand
Among several new commercial centers set to open in Ho Chi Minh City this year is District 8’s Parc Mall, marking the rekindling of an “old” brand by “new” developer Van Thai Land.
Companies - Tue, April 23, 2024 | 8:07 am GMT+7
Sugar cane output of world's second-largest exporter Thailand falls sharply due to drought
Thailand's sugar cane output declined in the 2023-24 crop because of severe drought, according to the Office of the Cane and Sugar Board (OCSB).
Southeast Asia - Mon, April 22, 2024 | 10:13 pm GMT+7
Malaysia attaches importance to high-quality investments, start-ups
Six Malaysian ministers on Monday made a joint commitment to ensure a coherent approach to achieve the goal of the Kuala Lumpur 20 Summit 2024 (KL20 Summit 2024) to make Malaysia a vibrant hub for startups and high-quality investments.
Southeast Asia - Mon, April 22, 2024 | 10:10 pm GMT+7
Thailand expects to export 1 million tonnes of durian this year
Thailand expects to export about 1 million tonnes of durian, valued at an estimated THB130 billion ($3.53 billion) this year, with most of the shipments to China, according to Minister of Agriculture Thammanat Prompao.
Southeast Asia - Mon, April 22, 2024 | 10:09 pm GMT+7
Thailand urged to increase proportion of renewable power generation
The Thai Government is being urged to increase the proportion of renewable power generation to more than the target of 50% set in the power development plan (PDP).
Southeast Asia - Mon, April 22, 2024 | 10:07 pm GMT+7
Malaysia sees increased number of young millionaires
The number of young millionaires in Malaysia is on the rise, with a 75% increase in millionaires aged 30 and under recorded in 2022.
Southeast Asia - Mon, April 22, 2024 | 10:07 pm GMT+7
Thai government targets 20 million jobs from 'soft power' project
The Thai government will kick off its One Family One Soft Power (OFOS) project in June, aiming to create 20 million jobs with a minimum annual salary of THB200,000 (about $5,400), said a senior official.
Southeast Asia - Mon, April 22, 2024 | 10:05 pm GMT+7
Seven dead in northern Vietnam cement company accident
A serious accident occurred at Yen Bai Cement & Minerals Joint-Stock Company in Yen Bai province on Monday, killing seven people.
Society - Mon, April 22, 2024 | 7:04 pm GMT+7
Semiconductor sector to create 200,000 jobs, contribute $14 bln to Vietnam economy
Vietnam’s semiconductor sector can employ 15,000 designers, 35,000 factory engineers and 154,000 indirect workers by 2030, said Deputy Minister of Planning and Investment Tran Duy Dong.
Industries - Mon, April 22, 2024 | 6:06 pm GMT+7
Vietnam exchange rate pressures to ease gradually: economist
Vietnam will see exchange rate pressures ease gradually as the U.S. Federal Reserve (Fed) gets set to reduce interest rates and the gold market becomes more stable, said economist Can Van Luc.
Banking - Mon, April 22, 2024 | 5:57 pm GMT+7
Luxury boom drives competition for prime retail space in HCMC
Demand for luxury retail in Ho Chi Minh City has seen exponential growth, driven by positive growth momentum and the rise in the city's wealthy customer base, said Savills Vietnam analysts.
Real Estate - Mon, April 22, 2024 | 5:23 pm GMT+7
