mainstreaming circular plastic plans

Mainstreaming circular plastic plans

The increased use of plastics has accompanied Vietnam’s fast economic growth over the last decade. With growing urbanisation and a rising middle class, the demand for plastics has grown rapidly in consumer packaging, construction, household goods, and automotive industries because of their convenience and versatility. In 2019, the plastic industry contributed about $17.5 billion to Vietnam’s economy, equivalent to 6.7 per cent of the country’s GDP.
danang high tech parks achieving wider attention

Danang high-tech parks achieving wider attention

High-tech parks are becoming a stronger lever to drive Danang’s economic growth.
leaders urged to kick on with disbursement

Leaders urged to kick on with disbursement

Slow implementation of the national fiscal and monetary initiative is expected to dent economic growth, with legislators urging the government to soon review the policy to provide further assistance for enterprises and people.
tax cuts on agenda to assist recovery

Tax cuts on agenda to assist recovery

New fiscal solutions are set to be applied to reduce risks of high inflation this year which are looming due to massive pressure in growing prices of a series of indispensable items and services, affecting consumption recovery and economic growth.
business community playing transformative recovery role

Business community playing transformative recovery role

With the pandemic abating but global uncertainties increasing, expansion in business and production has helped swell Vietnam’s economic growth as manufacturing and processing activities bounce back, up and down the country.
fiscal improvements stepped up to stimulate economy

Fiscal improvements stepped up to stimulate economy

With a new expectation for economic growth this year, the National Assembly is urging the government to accelerate implementation of the country’s socioeconomic recovery programme to further assist struggling enterprises and fuel the country’s rising development.
measures put recovery on the front foot

Measures put recovery on the front foot

Despite the global economic recovery dented by geopolitical uncertainties, Vietnam is showing its ability to bounce back strongly this year. However, risks remain and hamper the country’s economic growth trajectory.
dow vietnam committed to vietnams sustainability

Dow Vietnam committed to Vietnam's sustainability

Since its arrival in the country in 1995, Dow has been an active partner in Vietnam's economic growth by contributing to the manufacturing industries and providing innovative and sustainable solutions. On the occasion of Dow's 125th global anniversary, president of Dow Vietnam Ekkasit Lakkananithiphan, talked with VIR’s Linh Le about the company's current projects and sustainability goals.
aes corporation and pv gas push ahead with son my lng terminal

AES Corporation and PV Gas push ahead with Son My LNG Terminal

The representatives of AES and PetroVietnam Gas JSC (PV Gas) were granted an investment registration certificate for the Son My LNG terminal, which is expected to play an important role in supporting Vietnam’s energy transition and economic growth.
ifc to support vietnams transition to a low carbon economic growth model

IFC to support Vietnam's transition to a low-carbon economic growth model

The International Finance Corporation (IFC) – a member of the World Bank Group – announced on May 11 that it will support Vietnam to transit to a low-carbon economic growth model.
taku tanaka wants to show off vietnams immense potential

Taku Tanaka wants to show off Vietnam's immense potential

After travelling throughout Southeast Asia to survey the opportunities for start-up ventures, Tanaka decided to settle down in Vietnam. In his view, the country enjoys high and stable economic growth, with a very promising food and beverages (F&B) industry. He is now the founder of the up-and-coming food-tech startup Kamereo.
sufficient legislation to attract top quality foreign investment

Sufficient legislation to attract top-quality foreign investment

Inbound investment is the backbone of Vietnam’s economic growth, with export growth from foreign-invested enterprises as one measure of success continuing to grow significantly each year. Foreign-invested service sectors are also growing, with a broad range of advanced sectors now seeing Vietnam as a hub for the future, especially in the technology space.
rising business confidence propping up production

Rising business confidence propping up production

Despite continuing supply chain disruption, domestic industrial production is still on an uptrend, promising a brighter picture for economic growth in Vietnam.
disbursement simplification in the works to propel economy

Disbursement simplification in the works to propel economy

The Vietnamese government is accelerating official development assistance disbursement, which remains at a slow pace, as one of the key propellants for further economic growth. Simultaneously, new priorities for using this type of capital are being set out.
climate core of ifc investment in vietnam

Climate core of IFC investment in Vietnam

During his visit last week to Vietnam, Alfonso Garcia Mora, International Finance Corporation’s vice president for Asia-Pacific, talked with VIR’s Linh Le about Vietnam’s transition to a private sector-led low-carbon economic growth model and the business opportunities that this shift could generate.