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In the context of the pandemic, manufacturing activities in industrial zones (IZs) became nearly impossible in some southern areas, which led to the disruption of the supply chain and a shortage of labour. One reason for this situation is that localities were not interested in developing social housing for workers.
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Fika – the world’s first female-focused, AI-powered Vietnamese social and dating app – has raised a $1.6 million seed funding round led by VNV Global with participation from a host of leading angels and entrepreneurs. Fika co-founder and CEO Denise Sandquist shared with VIR the company's core values and ambitions in Vietnam.
Increasing knowledge and strategy about trade remedies is an effective tool to protect the rights of domestic manufacturing industries in the context of integration and protectionism, government leaders have said.
The fourth wave of the pandemic and social distancing extension are bearing down on all sectors, with Ho Chi Minh City, Vietnam’s largest city, a major epicentre putting millions of Vietnamese at risk. However, people are also rallying to aid those vulnerable to overcome this unprecedented times, with many corporations leading the charge and lighting the fire of hope. VIR’s Nguyen Thu reports.
The Ministry of Finance’s proposal on tax incentives for domestically-produced cars beyond 2022 could contribute to aiding the local automobile and supporting industries.
With Ho Chi Minh City under stress due to rising infection rates and preventative restrictions, manufacturers have implemented stay-at-work orders and set up temporary accommodation for their workers to avoid the spread of the virus and maintain production.
After a boom period thanks to feed-in tariff incentives in Vietnam over recent years, investors and developers are keeping their faith in the country’s solar rooftop potential thanks to high demand.
Commodities are set to overwhelm as the world battles to get back on its feet after struggling through a pandemic. Market analyst Michael Stark from Exness told VIR’s Phuong Thu how the ongoing crisis is affecting the commodity market and explains the outlook and factors influencing the future of investment.
Vietnam witnessed a growth of import-export activities in the first four months of 2021, hitting a 10-year record high despite the pandemic, but profits have been eaten away by high logistics and raw material costs.
As part of its strategy to become the leading beverage industry group in Vietnam, SABECO has not only implemented its SABECO 4.0 programme, which will transform its business to increase efficiency, it is also continuing to focus on developing human resources to make them domestically and globally competitive. Tran Kim Nga, a member of SABECO’s Board of Directors, talked with VIR’s Nguyen Huong about the corporation’s approach to human resources.
Vietnam is quickly becoming one of the most promising liquefied natural gas import markets in Asia, with major foreign players pouring billions of US dollars into the country this year.
Vietnam, a rising star in Asia in solar power development, is to slash feed-in tariffs for rooftop solar installations this month, hoping to release some of the pressure on the national power grid that was exacerbated by the previous generous tariff that lasted until the end of December, as well as to prevent fraud for solar farming.
Looking back on the past five years of development in Vietnam, the natural resources and environment authorities have made great strides and taken an active approach in tackling environmental issues up and down the country. Minister of Natural Resources and Environment Tran Hong Ha talks with VIR’s Phuong Thu about how the vital sector has weathered the varying and unpredictable storms with both practical steps and legal guidance so as to develop sustainably.
ABB has supplied secondary skid units to Gia Hoet Tam Bo floating solar complex, the largest floating solar complex in the region, that has helped it reach commercial operation while also supporting the region’s development in renewable energy.
Amid accusations from local people of dust invasions, environmental pollution, and signs of natural resource exploitation, the Hai Duong coal-fired thermal plant from Malaysian group JAKS could face penalties if the result of an environmental monitoring investigation falls on the side of at-risk locals.