Vietnam’s FIE association, UK delegation discuss sustainable green growth
The Vietnam's Association of Foreign Invested Enterprises (VAFIE) and a delegation of the Forest Governance, Markets and Climate (FGMC) program under the British government have been discussing sustainable and green growth in Vietnam.
At a meeting on Wednesday at the VAFIE's headquarters, Hugh Speechly, an official of the FGMC program, noted key points of the program, which is worth hundreds of millions of pounds.
FGMC aims to provide grants for projects that support governance and market reforms to reduce the illegal use of forest resources and benefit poor people. Vietnam, among 16 nations being sponsored by the program, is a key target, he added.
The delegation aimed to learn about Vietnam’s forestry sector, major Vietnamese investors and governance rules in the sectors. Vietnam is among the biggest exporter of wooden and wooden products in the world, while the country is a major importer of wood, especially from regional peers and African nations, he added. The FGMC program will bring huge benefits to Vietnam, he affirmed.
The delegation is building a handbook on practices in the sector, aimed at changing business behavior.
Prof. Nguyen Mai, chairman of VAFIE, and Dr. Nguyen Anh Tuan, standing vice chairman of VAFIE and editor-in-chief of The Investor, emphasized that the association plays a key role in Vietnam by advising the government on how to update the investment legal framework.
VAFIE also has connections with other business associations, especially in import-export activities. Additionally, the association has compiled and published books on the green economy and circular economy to support Vietnamese investors in the forestry sector.
Dr. Tuan invited the foreign delegation to participate in a conference titled “Urgent matter: Updating the legal framework on green finance, green bond”, to be hosted by The Investor on April 3.
- Read More
US First Solar, Vietnam power firm PECC2 boost renewable energy ties
Vietnam’s Power Engineering Consulting JSC 2 (PECC2) and the United States’ First Solar will collaborate in utilizing the direct power purchase agreement (DPPA) mechanism and distributing the latter’s photovoltaic (PV) modules.
Energy - Tue, December 17, 2024 | 3:35 pm GMT+7
Warburg Pincus-invested IP developer BW starts building 13th project in Vietnam this year
BW Industrial Development JSC, one of Vietnam’s largest industrial and logistics real estate developers, has commenced construction on its BW Phu An Thanh Industrial Hub (PAT) project in Ho Chi Minh City.
Real Estate - Tue, December 17, 2024 | 3:03 pm GMT+7
Italy’s Flying Legend to introduce made-in-Vietnam aircraft
Flying Legend, an Italian manufacturer of replica aircraft, will introduce its made-in-Vietnam aircraft at the Vietnam Defense Expo 2024 from December 19-22 in Hanoi.
Companies - Tue, December 17, 2024 | 1:01 pm GMT+7
Vietnam real estate 2024: a year in review
As positive signals become more evident, now is the time to restart capital flows into real estate transactions in Vietnam and embrace the new growth cycle, write Avison Young Vietnam analysts.
Consulting - Tue, December 17, 2024 | 12:48 pm GMT+7
Vietnam’s GDP growth outpaces regional peers, 6.5% in 2025: Oxford Economics
Vietnam’s GDP growth can reach 6.5% in 2025, continuing to outperform regional peers in the ASEAN-6 group, Oxford Economics said in a Monday report.
Economy - Tue, December 17, 2024 | 10:35 am GMT+7
PYN Elite becomes major shareholder in Vietnam's Mercedes-Benz distributor Haxaco
Finland-based PYN Elite Fund has increased its ownership in Haxaco, a distributor of Mercedes-Benz, to 6.1 million units, or a 5.7% stake, becoming a major shareholder.
Companies - Tue, December 17, 2024 | 8:17 am GMT+7
Malaysia accelerates transition towards high-income country status
The Malaysian government needs to focus on innovation during its drafting of the 13th Malaysia Plan (13 MP) for 2026-2030 in an effort to achieve its high-income country goal.
Southeast Asia - Mon, December 16, 2024 | 10:30 pm GMT+7
Malaysia welcomes ex-Thai PM Thaksin to be its informal adviser on ASEAN
Malaysian Prime Minister Anwar Ibrahim has appointed former Thai PM Thaksin Shinawatra as an informal adviser to assist with the country’s ASEAN chairmanship in 2025.
Southeast Asia - Mon, December 16, 2024 | 10:28 pm GMT+7
Footwear giant Taekwang to spend $19.7 mln on Lunar New Year bonus in Vietnam
South Korean-invested Taekwang Vina JSC, a supplier of Nike in the southern province of Dong Nai, will spend over VND500 billion ($19.7 million) on Lunar New Year (Tet) bonus for its nearly 36,000 employees.
Companies - Mon, December 16, 2024 | 9:56 pm GMT+7
Hong Kong's Sunwah Group eyes investment in southern Vietnam
Multi-sector group Sunwah is keen on surveying several Binh Duong-based industrial parks and foreign-invested enterprises in the areas of high-tech industries, health care, education, and real estate to explore investment opportunities.
Industries - Mon, December 16, 2024 | 8:25 pm GMT+7
Taiwan’s Wistron aims to run $24.5 mln Vietnam plant next month
Taiwan-headquartered Wistron, a top electronics provider and a supplier to Apple, plans to officially start operating its $24.5 million investment in the northern province of Ha Nam next month.
Industries - Mon, December 16, 2024 | 4:41 pm GMT+7
Hanoi plans $420 mln horse racecourse
The Hanoi People's Committee has approved a detailed plan for the Soc Son Urban Area (Zone III), featuring parks, schools, hospitals, high-quality housing, and a $420 million horse racecourse.
Real Estate - Mon, December 16, 2024 | 4:35 pm GMT+7
Vietnam’s cement giant Vicem logs over $55 mln loss in 2024
Vietnam National Cement Corporation (Vicem) has suffered losses for the second consecutive year, with an estimated consolidated figure of VND1.4 trillion ($55.15 million) for 2024, according to a draft annual report by the Ministry of Construction.
Companies - Mon, December 16, 2024 | 4:18 pm GMT+7
Leading broker VPS launches new brand identity
VPS Securities JSC (VPS), a leading broker in Vietnam, officially unveiled its new brand identity on Monday.
Companies - Mon, December 16, 2024 | 3:12 pm GMT+7
VSIP Can Tho in southern Vietnam completes 96% of site clearance, 100 hectares leased
Vinh Thanh Industrial Park (IP), also known as VSIP Can Tho, in Vietnam’s Mekong Delta city of Can Tho, has completed 95.98% of the site clearance.
Industrial real estate - Mon, December 16, 2024 | 12:32 pm GMT+7
Masan Consumer promotes Vietnamese cuisine to international friends
Masan Consumer, the consumer goods arm of Masan Group, recently showcased its products at the 2024 International Food Festival in Hanoi, helping promote the unique cuisine of Vietnam to visitors from across the globe.
Companies - Mon, December 16, 2024 | 11:08 am GMT+7