Vietnam must confirm legit timber supply sources

Vietnam must confirm legit timber supply sources

Linking and creating material areas is meant to stabilise the timber supply chain, but it remains difficult to handle shortcomings related to forestry institutions. Dr. To Xuan Phuc, managing director of Forest Trends, talked with VIR’s Hai Van about the sector’s options to develop sustainably.
Crucial certification needed to expand wood market

Crucial certification needed to expand wood market

The demand for FSC-certified wood is increasing, particularly from markets like the United States and Europe, forcing local wood processors to source more certified wood. However, this comes with a hefty price tag that increases the pressure on forest growers.
Energy shortage risks met head-on

Energy shortage risks met head-on

The government’s plan to reduce fossil fuel use and increase clean energy sources is facing major obstacles, such as dependence on coal, and without new investment the supply will decrease faster than demand, possibly leading to energy shortages.
Situation still acute in efforts to manage petrol supply

Situation still acute in efforts to manage petrol supply

The National Assembly Economic Committee last week asked the government to come up with timely responses to the petroleum supply issue, as fluctuations in the domestic market during the last month showed that problems in reserves and supply have not been completely resolved.
Europe’s winter at risk with wood pellet price hikes

Europe’s winter at risk with wood pellet price hikes

With the price of wood pellets increasing sharply, and standards requirements increasing, Vietnamese farmers may not be able to come to the aid of a cold Europe this winter as much as was hoped.
New airport developments set to take off soon

New airport developments set to take off soon

The Vietnamese government has rolled out a plan to develop several new airports, with billions of dollars expected to be poured into local facilities, contributing to the shaping of new economic zones across the country.
Creating suitable models for exploitation of hydrogen

Creating suitable models for exploitation of hydrogen

Investors are ramping up the development of hydrogen to meet the rising energy demand in Vietnam.
Exporters seeking to retain competitive edge

Exporters seeking to retain competitive edge

Adverse fluctuations in the exchange rate and high USD interest rates could be detrimental to Vietnam’s exports next year, urging businesses to proactively respond to exchange rate issues in addition to the State Bank of Vietnam’s intervention.
Spillover FDI effects require levelling up

Spillover FDI effects require levelling up

The high share of foreign direct investment in Vietnam’s export turnover, as well as the minor participation of local suppliers, is a warning sign for many macroeconomic experts who advise reducing the dependence on foreign markets and strengthening domestic enterprises in favour of a more sustainable development strategy.
EVFTA advantages threatened by tough competition

EVFTA advantages threatened by tough competition

Although Vietnam is hoping for stunning growth in seafood exports, particularly in the likes of basa fish and shrimp, the nation’s share in the EU market and utilisation of its trade deal with the bloc remain under some pressures.
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